Overview
What is Ri Hospitality Education Foundation?
The Ri Hospitality Education Foundation, situated in Cranston, Rhode Island, is a nonprofit organization dedicated to fostering careers in the food service industry within the state. Their primary objective is to inspire individuals pursuing a career in this sector, while simultaneously promoting education and awareness of the industry to the broader public. To achieve this mission, they provide work-readiness training, skill development, and career growth opportunities for students, unemployed adults, and incumbent employees. By focusing on career awareness and offering relevant training, the Ri Hospitality Education Foundation aims to benefit both individuals and the local economy.
Official website here: www.rihospitality.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating
The Ri Hospitality Education Foundation has received a 75% score, reflecting a solid commitment to accountability and finance. This score is based entirely on their Accountability & Finance metrics, which indicates a strong focus on maintaining financial integrity. The organization has demonstrated excellence in governance with a fully independent board and no material diversion of assets, earning top points in these categories.
Strengths include a high program expense ratio of 88.77%, suggesting that a significant portion of their funds goes directly to their educational programs. Additionally, the foundation has policies in place for conflict of interest and whistleblowing, promoting transparency and ethical practices within the organization. They also maintain comprehensive documentation of board meeting minutes, contributing further to their accountability.
However, a notable limitation is their liabilities to assets ratio, which stands at 70.55%. This could indicate a higher level of financial risk relative to their assets. Overall, while the foundation shows strong governance and program efficiency, potential donors may want to consider their financial liabilities in relation to their overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Ri Hospitality Education Foundation legitimate?
Ri Hospitality Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ri Hospitality Education Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rihospitality.org
What is the mission statement of Ri Hospitality Education Foundation?
The Ri Hospitality Education Foundation's mission is centered around fostering career growth opportunities within the hospitality industry. This is achieved by working with various groups, including students, unemployed adults, and incumbent employees. The foundation focuses on career awareness, providing work-readiness training, and offering skill training. Their goal is to benefit individuals embarking on a career in the food service industry, as well as organizations and the economy at large. They also aim to promote education and understanding of the industry to the general public.
Official website here: www.rihospitality.org
Who is the CEO of Ri Hospitality Education Foundation?
Dale Venturini is the Chairman of Ri Hospitality Education Foundation. The CEO's salary of Ri Hospitality Education Foundation is $0 and their total compensation is $316,238.
Official website here: www.rihospitality.org
What is the revenue of Ri Hospitality Education Foundation?
Ri Hospitality Education Foundation's revenue in 2022 was $157,398.
Official website here: www.rihospitality.org
Who are the executives of Ri Hospitality Education Foundation and what are their salaries?
There 33 volunteers at Ri Hospitality Education Foundation.
Here are 21 key members and their salaries (Ri Hospitality Education Foundation's CEO's salary is $0 and their total compensation is $316,238):
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- Related: $295,452
- Other: $20,786
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- Related: $138,396
- Other: $14,659
Official website here: www.rihospitality.org
Where can I find the form 990 for Ri Hospitality Education Foundation?
Ri Hospitality Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rihospitality.org
Learn more at the official website: www.rihospitality.org
Mission Statement of Ri Hospitality Education Foundation
The Ri Hospitality Education Foundation is committed to fostering career growth opportunities within the hospitality industry. This nonprofit organization achieves its mission by working with various groups, including students, unemployed adults, and incumbent employees. Their primary focus is on raising awareness about careers in the food service industry, providing work readiness training, and offering skill development programs. This approach aims to benefit not only the individuals involved but also the organizations and the economy as a whole. The Ri Hospitality Education Foundation strives to promote education and understanding of the hospitality industry to the general public, encouraging individuals embarking on a career in this sector in Rhode Island.
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Impact
October, 2024
Ri Hospitality Education Foundation plays a crucial role in fostering career development within Rhode Island's food service industry. By encouraging individuals to pursue careers in hospitality, the foundation enhances the skill set of new and current workers, ultimately benefiting the wider economy.
The foundation offers work-readiness training and skill-building opportunities, ensuring that students, unemployed adults, and existing employees receive the resources they need for professional growth. By promoting awareness of career pathways in hospitality, the foundation not only increases employment opportunities but also helps bridge the gap between the industry and the general public. Overall, its efforts contribute to a more knowledgeable and capable workforce, vital for the prosperity of the hospitality sector in Rhode Island.
This information is meant to be a general summary of Ri Hospitality Education Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $373
- Program Service Revenue: $52,677
- Gross Receipts: $157,398
Assets and Liabilities:
- Total Assets: $591,756
- Total Liabilities: $417,510
- Net Assets: $174,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$35,238
MEMBER EDUCATION
Revenue
$17,439
Organization Details
Founding Year
1994
Phone
(401) 223-1120Principal Officer
Dale Venturini
Main Address
94 SABRA STREET, CRANSTON, RI, 02910
Website
www.rihospitality.orgNTEE Category
Code: J22 - Employment
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