Overview
What is The National Restaurant Association Educational Foundation?
The National Restaurant Association Educational Foundation is a Washington, D.C.-based nonprofit organization with a team of 43 employees. Its mission is to strengthen the restaurant and foodservice industry by investing in education, community engagement, and career opportunities. The Foundation's flagship program, ProStart, equips high school students with Practical skills in culinary arts and restaurant management. This industry-driven initiative reaches over 145,000 students in more than 1,800 schools across all 50 states, the District of Columbia, the Territory of Guam, and Department of Defense Education Activity Schools in Europe and the Pacific. The Foundation also grants over $1.2 million in scholarships and awards annually, contributing to its long-term commitment to nurturing future leaders in the industry.
Official website here: www.chooserestaurants.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The National Restaurant Association Educational Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored a perfect 100% on several key metrics, indicating a high level of oversight and governance. This level of accountability suggests that the organization operates with transparency, which is essential for building trust with donors and stakeholders.
The organization demonstrates financial health with a program expense ratio of 87.04%, meaning that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the foundation has an excellent fundraising efficiency ratio of just $0.12, highlighting its ability to raise funds effectively. These factors contribute to its overall sustainability and effectiveness in fulfilling its mission.
While the metrics are overwhelmingly positive, there is little feedback available regarding the direct impact of its programs on beneficiaries. This lack of qualitative data may leave potential donors and supporters wanting more information about the tangible outcomes of the foundation's initiatives in the restaurant industry.
This AI summary has been generated from information found on Charity Navigator.
Is The National Restaurant Association Educational Foundation legitimate?
The National Restaurant Association Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The National Restaurant Association Educational 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: $2,094,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,840,398
For more financial information, click here
Official website here: www.chooserestaurants.org
What is the mission statement of The National Restaurant Association Educational Foundation?
The National Restaurant Association Educational Foundation serves as the philanthropic arm of the National Restaurant Association. Its mission is geared towards enhancing the restaurant and foodservice industry's commitment to the public through education, community engagement, and promoting career opportunities. The Foundation's flagship program, ProStart, targets high school students, offering training in both culinary arts and restaurant management to foster the development of future industry leaders. With a presence in all 50 states, the District of Columbia, and various schools overseas, the program reaches over 145,000 students annually. Furthermore, the Foundation awards over $1.2 million in scholarships and grants every year. Since its inception in 1987, it has granted over $26 million in total.
Official website here: www.chooserestaurants.org
Who is the CEO of The National Restaurant Association Educational Foundation?
Michelle L Korsmo is the CEO of The National Restaurant Association Educational Foundation The CEO's salary of The National Restaurant Association Educational Foundation is $0 and their total compensation is $3,071,350.
Official website here: www.chooserestaurants.org
What is the revenue of The National Restaurant Association Educational Foundation?
The National Restaurant Association Educational Foundation's revenue in 2023 was $21,431,769.
Official website here: www.chooserestaurants.org
Who are the executives of The National Restaurant Association Educational Foundation and what are their salaries?
The average compensation at The National Restaurant Association Educational Foundation during 2023 was $93,692. There are 42 employees and 32 volunteers at The National Restaurant Association Educational Foundation.
Here are 44 key members and their salaries (The National Restaurant Association Educational Foundation's CEO's salary is $0 and their total compensation is $3,071,350):
- 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
- 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
- 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
- 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
- Compensation: $0
- Related: $2,089,625
- Other: $981,725
- Compensation: $0
- Related: $1,206,668
- Other: $654,977
- Compensation: $0
- Related: $550,775
- Other: $170,356
- Compensation: $766,728
- Related: $0
- Other: $328,942
- Compensation: $262,587
- Related: $0
- Other: $99,106
- Compensation: $274,848
- Related: $0
- Other: $64,550
- Compensation: $264,568
- Related: $0
- Other: $33,327
- Compensation: $178,147
- Related: $0
- Other: $73,476
- Compensation: $148,952
- Related: $0
- Other: $73,130
- Compensation: $169,670
- Related: $0
- Other: $27,999
- Compensation: $147,393
- Related: $0
- Other: $53,121
- Compensation: $147,189
- Related: $0
- Other: $76,210
Official website here: www.chooserestaurants.org
Where can I find the form 990 for The National Restaurant Association Educational Foundation?
The National Restaurant Association Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chooserestaurants.org
Learn more at the official website: www.chooserestaurants.org
Mission Statement of The National Restaurant Association Educational Foundation
The National Restaurant Association Educational Foundation serves as the charitable arm of the National Restaurant Association, dedicated to enhancing the restaurant and foodservice industry's commitment to the public through education, community engagement, and the promotion of career opportunities.
In pursuit of this mission, the Foundation offers the ProStart program, which targets high school students and equips them with essential skills in both culinary arts and restaurant management. This industry-driven training platform not only allows students to explore new interests but also highlights the vast array of potential career paths within the sector. ProStart currently reaches over 145,000 students in 1,800 schools across all 50 states, the District of Columbia, the Territory of Guam, and Department of Defense Education Activity Schools in Europe and the Pacific.
Additionally, the National Restaurant Association Educational Foundation grants over $1.2 million in scholarships and awards annually, and since its inception in 1987, it has provided more than $26 million in financial assistance. By investing in the future of the industry, the Foundation is helping to cultivate a talented and skilled workforce that will continue to enrich the dining experiences of consumers for years to come.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The National Restaurant Association Educational Foundation has a significant impact on the restaurant and foodservice industry by nurturing the next generation of leaders through its initiatives. One of the foundation's hallmark programs, ProStart, reaches over 145,000 high school students in 1,800 schools across all 50 states, Guam, and Department of Defense Education Activity Schools in Europe and the Pacific. This program combines culinary arts and restaurant management training, equipping students with practical skills and encouraging them to explore diverse career opportunities within the industry.
Through educational engagement, ProStart empowers students to discover their interests while preparing them for successful careers in a dynamic field. The foundation strengthens its commitment by awarding more than $1.2 million annually in scholarships and grants, contributing to a total of over $26 million since its inception in 1987. This financial support not only aids students in their educational pursuits but also fosters a skilled workforce that meets the needs of the growing restaurant and foodservice sector. By promoting education and career pathways, the National Restaurant Association Educational Foundation plays a vital role in enhancing the overall service of the industry to the public.
This information is meant to be a general summary of The National Restaurant Association Educational 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 2023.
- Investment Income: $692,536
- Program Service Revenue: $5,466,719
- Gross Receipts: $26,814,684
Assets and Liabilities:
- Total Assets: $42,403,984
- Total Liabilities: $3,431,750
- Net Assets: $38,972,234
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program DOL Contract
Revenue
$5,466,719
Organization Details
Founding Year
1952
Principal Officer
Michelle L Korsmo
Website
www.chooserestaurants.orgNTEE Category
Code: K99E - Food
If you are a representative of The National Restaurant Association Educational Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.