Overview
What is Kentucky Restaurant Association Educational Foundation Inc?
Kentucky Restaurant Association Educational Foundation Inc, located at 133 Evergreen Road Suite 201, Louisville, KY 40243, is a small-scale nonprofit organization dedicated to supporting individuals involved in the foodservice industry. Their primary mission is to award scholarships to individuals who are either working or studying within this field. Additionally, they provide a limited number of grants for educational seminars and professional development opportunities. By doing so, they aim to contribute to the ongoing education and advancement of professionals in the foodservice industry.
Official website here: www.kyra.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Kentucky Restaurant Association Educational Foundation Inc has achieved a 76% score, indicating a solid level of accountability and financial health. This rating is derived entirely from a single beacon score focusing on accountability and finance, which highlights the importance of governance in nonprofit operations. The foundation has demonstrated impressive metrics, including a 100% independent board, no material diversion of assets, and a commendable program expense ratio of 92.56%.
Strengths of the organization include its fully independent board of directors, which ensures that decision-making is unbiased and in the best interest of the mission. Additionally, the organization maintains transparency with documents such as board meeting minutes available and its website listed on tax forms. The low liabilities to assets ratio reflects a strong financial position, indicating that the organization is well-managed and funds are primarily directed towards its programs.
While the foundation exhibits strong financial practices, a more detailed overview of its programmatic impact and outreach could provide a fuller picture of its effectiveness in achieving its mission. Overall, the Kentucky Restaurant Association Educational Foundation Inc appears to uphold high standards of accountability and financial stewardship, making it a trustworthy organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Restaurant Association Educational Foundation Inc legitimate?
Kentucky Restaurant Association Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Restaurant Association Educational Foundation Inc 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: $39,984
For more financial information, click here
Official website here: www.kyra.org
What is the mission statement of Kentucky Restaurant Association Educational Foundation Inc?
The Kentucky Restaurant Association Educational Foundation Inc is dedicated to awarding scholarships to individuals who are either employed or pursuing studies within the foodservice industry. Additionally, the foundation provides a limited number of grants for educational seminars and professional development opportunities. This nonprofit organization aims to support and empower individuals in the foodservice sector, contributing to their personal and professional growth. By offering scholarships and grants, the foundation seeks to foster a skilled and knowledgeable workforce in the foodservice industry.
Official website here: www.kyra.org
Who is the CEO of Kentucky Restaurant Association Educational Foundation Inc?
Stacy Roof is the Executive Di of Kentucky Restaurant Association Educational Foundation Inc.
Official website here: www.kyra.org
What is the revenue of Kentucky Restaurant Association Educational Foundation Inc?
Kentucky Restaurant Association Educational Foundation Inc's revenue in 2023 was $80,379.
Official website here: www.kyra.org
Who are the executives of Kentucky Restaurant Association Educational Foundation Inc and what are their salaries?
The average compensation at Kentucky Restaurant Association Educational Foundation Inc during 2023 was $39,984. There is 1 employee at Kentucky Restaurant Association Educational Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.kyra.org
Where can I find the form 990 for Kentucky Restaurant Association Educational Foundation Inc?
Kentucky Restaurant Association Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kyra.org
Learn more at the official website: www.kyra.org
Mission Statement of Kentucky Restaurant Association Educational Foundation Inc
The Kentucky Restaurant Association Educational Foundation Inc is committed to recognizing and supporting individuals engaged in the foodservice industry. Through its mission, the organization awards scholarships to both working professionals and students pursuing careers in this field. Additionally, the foundation offers a limited number of grants for educational seminars and professional development opportunities, aiming to foster continuous learning and growth within the foodservice industry. By providing these scholarships and grants, the Kentucky Restaurant Association Educational Foundation Inc aims to empower and uplift individuals, contributing to the overall development and success of the foodservice sector.
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Impact
October, 2024
Kentucky Restaurant Association Educational Foundation Inc significantly impacts the foodservice industry by empowering individuals through financial support for their education and professional growth. The foundation awards scholarships to those working or studying in this field, alleviating the financial burden of educational expenses. Additionally, it offers grants for educational seminars and professional development, ensuring that industry professionals have access to essential training and resources.
By fostering a well-trained workforce, the foundation enhances the overall quality and professionalism within the foodservice sector, contributing to the industry's growth and sustainability in Kentucky. This commitment to education and development not only supports individuals but also elevates the standards and reputation of the entire industry, promoting a thriving culinary environment in the region.
This information is meant to be a general summary of Kentucky Restaurant Association Educational Foundation Inc. 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: $18,690
- Gross Receipts: $85,655
Assets and Liabilities:
- Total Assets: $711,903
- Total Liabilities: $9
- Net Assets: $711,894
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Organization Details
Founding Year
1976
Phone
(502) 400-3736Principal Officer
Stacy Roof
Main Address
133 EVERGREEN ROAD SUITE 201, LOUISVILLE, KY, 40243
Website
www.kyra.orgNTEE Category
Code: B82Z - Education
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