Overview
What is Hospitality Industry Training & Education Fund?
The Hospitality Industry Training & Education Fund is a nonprofit organization situated in Beverly Hills, California. Located at 8383 Wilshire Boulevard, Suite 220, this organization is dedicated to providing training and education to eligible workers within the hotel and restaurant industries. Their mission encompasses equipping individuals currently employed in the sector or aspiring to join it, through various programs outlined in the trust. With a workforce of approximately 40 employees, the Hospitality Industry Training & Education Fund plays a vital role in upskilling the hospitality workforce, contributing to the overall growth and development of this industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Hospitality Industry Training & Education Fund has achieved an impressive 94% rating from Charity Navigator, indicating a strong performance in accountability and finance. This high score reflects the organization's commitment to transparency and effective management, with all board members being independent and a robust oversight committee in place to ensure proper financial practices.
The organization excels in program expenses, with a notable 97.55% of its budget allocated to programs, demonstrating a focused approach to fulfilling its mission. Additionally, it maintains strong governance policies, including conflict of interest and whistleblower policies, which are essential for maintaining integrity and trust within the organization.
While the organization shows no material diversion of assets and has efficient management of its liabilities, continued attention to these areas will be important for sustaining its high standards. Overall, the Hospitality Industry Training & Education Fund stands out for its financial health and commitment to its mission, making it a reliable choice for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hospitality Industry Training & Education Fund legitimate?
Hospitality Industry Training & Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospitality Industry Training & Education Fund 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: $421,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,425,932
For more financial information, click here
What is the mission statement of Hospitality Industry Training & Education Fund?
The Hospitality Industry Training & Education Fund's mission is centered around providing education and training to individuals who are currently employed or seeking to enter the hospitality industry. This includes various programs outlined within the trust. The primary goal of the fund is to equip these individuals with the necessary skills and knowledge required to excel in their roles. The trust offers training and education specifically to eligible workers within the hotel and restaurant sectors.
Who is the CEO of Hospitality Industry Training & Education Fund?
Adine Forman is the Executive Director of Hospitality Industry Training & Education Fund.
What is the revenue of Hospitality Industry Training & Education Fund?
Hospitality Industry Training & Education Fund's revenue in 2022 was $4,635,663.
Who are the executives of Hospitality Industry Training & Education Fund and what are their salaries?
The average compensation at Hospitality Industry Training & Education Fund during 2022 was $46,183. There are 40 employees at Hospitality Industry Training & Education Fund.
Here are 18 key members and their salaries:
- Compensation: $196,391
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- Other: $59,115
- Compensation: $135,147
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- Other: $30,721
- Compensation: $118,810
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- Other: $19,621
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Where can I find the form 990 for Hospitality Industry Training & Education Fund?
Hospitality Industry Training & Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hospitality Industry Training & Education Fund
The Hospitality Industry Training & Education Fund is dedicated to educating and training individuals who are currently employed or aim to work in the hospitality industry. This nonprofit organization provides a range of programs under its trust, with a primary focus on equipping eligible workers in the hotel and restaurant sectors. By offering comprehensive training and education, the Fund aims to enhance the skills and knowledge of its beneficiaries, thereby contributing to the growth and success of the hospitality industry as a whole.
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Impact
July, 2024
The Hospitality Industry Training & Education Fund has significantly impacted the workforce in the hotel and restaurant industries by providing training and education to eligible workers. By equipping individuals with the necessary skills and knowledge to excel in hospitality roles, the fund not only improves the quality of service in establishments but also enhances the career prospects and earning potential of those in the industry. Through its programs, the fund contributes to a more skilled and competent workforce, ultimately benefiting both employees and employers in the hospitality sector.
This information is meant to be a general summary of Hospitality Industry Training & Education Fund. 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: $47,748
- Program Service Revenue: $1,071,468
- Gross Receipts: $4,635,663
Assets and Liabilities:
- Total Assets: $4,875,109
- Total Liabilities: $515,816
- Net Assets: $4,359,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIBUTIONS
Revenue
$1,071,468
Organization Details
Founding Year
2012
Phone
(310) 597-1898Principal Officer
Adine Forman
Main Address
8383 WILSHIRE BLVD STE 220, BEVERLY HILLS, CA, 90211
NTEE Category
Code: J22 - Employment
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