Overview
What is Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship?
Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship is a nonprofit organization situated in New York City, specifically at 305 West 44th Street. Their primary focus is to offer industry-specific training and scholarships to union members and their dependents who are employed in the hotel industry within New York City. This organization aims to strengthen the skills and knowledge of its members, thereby enhancing their professional growth within the sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship has achieved a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The overall score is entirely derived from their impressive performance in the Accountability & Finance category, signifying the organization’s commitment to transparency and effective management of resources.
One of the notable strengths of this nonprofit is its governance structure, showcasing a commitment to independent oversight with 60% of board members being independent. Additionally, the organization has a robust financial oversight mechanism in place, indicated by its perfect score in areas such as audit and oversight committee effectiveness, as well as a solid liabilities to assets ratio of 10.45%. The high program expense ratio of nearly 80% highlights the focus on directing funds toward its core mission.
While the financial metrics are commendable, the data does not detail the specific impact of its programs or services on the community. Therefore, while the organization appears financially sound and well-managed, further information on their program outcomes would provide a more comprehensive view of their effectiveness in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship legitimate?
Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship 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: $321,430
For more financial information, click here
What is the mission statement of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship?
The mission of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship is centered around providing industry-specific training and scholarships to its union members and their dependents who work in the hotel industry of New York City. This organization's primary objective is to empower its members by enhancing their skills and knowledge through training programs, while also offering financial aid through scholarships. This initiative aims to contribute to the personal and professional growth of the individuals associated with the New York Hotel Trades Council in the hotel industry.
Who is the CEO of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship?
Dr David Jacobson is the CEO of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship The CEO's salary of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship is $0 and their total compensation is $2,385,634.
What is the revenue of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship?
Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship's revenue in 2023 was $1,205,216.
Who are the executives of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship and what are their salaries?
Here are 19 key members and their salaries (Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship's CEO's salary is $0 and their total compensation is $2,385,634):
- Compensation: $0
- Related: $1,694,700
- Other: $690,934
- Compensation: $0
- Related: $490,823
- Other: $221,420
- Compensation: $0
- Related: $308,660
- Other: $150,377
- Compensation: $0
- Related: $429,749
- Other: $190,103
- Compensation: $0
- Related: $297,571
- Other: $178,957
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $21,810
- Other: $11,614
- Compensation: $0
- Related: $77,952
- Other: $41,510
- Compensation: $0
- Related: $213,228
- Other: $113,544
- Compensation: $0
- Related: $126,060
- Other: $67,127
- Compensation: $0
- Related: $72,028
- Other: $38,355
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship?
Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship
The Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship is dedicated to providing industry training and scholarships to its union members and their dependents working in the hotel industry of New York City. This nonprofit organization's mission is to equip its members with the necessary skills and education to excel in their respective roles within the hotel sector. By offering these resources, the organization aims to support the professional growth and development of its members, ultimately contributing to the overall success of the hotel industry in New York City. The exempt purpose of this organization is to provide industry training and scholarships, ensuring that its members have access to valuable opportunities for learning and advancement.
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Impact
October, 2024
The impact of the NY Hotel Trades Council & Hotel Assoc of NYC Inc Training & Scholarship is significant for union members and their families within New York City's hotel industry. By providing industry-specific training and scholarships, the organization enhances the professional development and educational opportunities for workers, fostering career advancement and skill enhancement. This support not only benefits individual participants but also contributes to a more skilled workforce in the hospitality sector, ultimately elevating service standards across the industry.
Additionally, by focusing on both union members and their dependents, the initiative strengthens families within the community, promoting financial stability and growth. The emphasis on education and training cultivates a culture of continuous improvement, ensuring that workers are well-prepared for the evolving demands of the hotel industry. Overall, the organization plays a crucial role in empowering individuals, enriching their lives, and improving the overall quality of the hospitality workforce in New York City.
This information is meant to be a general summary of Ny Hotel Trades Council & Hotel Assoc Of Nyc Inc Training & Scholarship. 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 2023.
- Investment Income: $117,396
- Program Service Revenue: $1,087,820
- Gross Receipts: $1,205,216
Assets and Liabilities:
- Total Assets: $4,029,946
- Total Liabilities: $421,165
- Net Assets: $3,608,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIO
Revenue
$883,020
DONATIONS
Revenue
$204,800
Organization Details
Founding Year
1969
Principal Officer
Dr David Jacobson
NTEE Category
Code: S41 - Community improvement
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