Overview
What is Delaware Restaurant Association Educational Foundation?
The Delaware Restaurant Association Educational Foundation is a nonprofit organization situated in Newark, Delaware. Its primary focus is on enhancing the restaurant and hospitality industry through education. The foundation accomplishes this by developing and implementing curriculum and educational programs to strengthen the skills of current industry workers and pave the way for the next generation of hospitality leaders. One of their key initiatives is the PROSTART program, an industry-driven, career-building curriculum that combines classroom learning with mentored work experience. This program aims to engage students who may not have considered traditional career paths within the foodservice industry and fosters youth and workforce development in this sector. The PROSTART program culminates in a state and national competition, where teams showcase their management and culinary skills, with winners receiving honors and scholarships. In 2022, around 3,000 participants took part in these competitions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
The Delaware Restaurant Association Educational Foundation has received a score of 70%, achieving a Two-Star rating. This rating reflects a solid level of accountability and transparency, particularly highlighted by the presence of a majority independent board, with 92% of its members meeting this criterion. The organization has implemented several important policies, including conflict of interest and whistleblower policies, which contribute to its governance integrity.
Strengths identified include a strong asset management position, with a liabilities to assets ratio of only 0.88%, indicating sound financial health. Additionally, the foundation appears to maintain thorough documentation practices, evident through the availability of board meeting minutes and a documented retention policy. However, while the program expense ratio is over 62%, there is room for improvement in this area as it received only 16 out of 25 points.
Overall, while the Delaware Restaurant Association Educational Foundation demonstrates strong governance and financial health, its program expenses could benefit from better efficiency to enhance its impact further. The salary of the key personnel, particularly the President & CEO, is noted at $192,323, which may raise questions regarding compensation relative to the organization's overall budget and program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Restaurant Association Educational Foundation legitimate?
Delaware Restaurant Association Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware 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: $100,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $198,508
For more financial information, click here
What is the mission statement of Delaware Restaurant Association Educational Foundation?
The Delaware Restaurant Association Educational Foundation aims to enhance the restaurant and hospitality industry by focusing on education. It serves both the current and future workforce within this sector. The foundation works on developing curriculum and educational programs to strengthen the skills of existing industry workers and fosters opportunities for the next generation of hospitality leaders. Its mission is to improve the industry through education, ensuring a skilled and capable workforce for the future.
Who is the CEO of Delaware Restaurant Association Educational Foundation?
Carrie Leishman is the President & Ceo of Delaware Restaurant Association Educational Foundation. The CEO's salary of Delaware Restaurant Association Educational Foundation is $100,615 and their total compensation is $192,323.
What is the revenue of Delaware Restaurant Association Educational Foundation?
Delaware Restaurant Association Educational Foundation's revenue in 2022 was $565,242.
Who are the executives of Delaware Restaurant Association Educational Foundation and what are their salaries?
Here are 13 key members and their salaries (Delaware Restaurant Association Educational Foundation's CEO's salary is $100,615 and their total compensation is $192,323):
- Compensation: $100,615
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Where can I find the form 990 for Delaware Restaurant Association Educational Foundation?
Delaware Restaurant Association Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delaware Restaurant Association Educational Foundation
The Delaware Restaurant Association Educational Foundation plays a crucial role in enhancing the restaurant and hospitality industry by promoting education. Their mission is directed towards serving the current and future workforce in this sector. They achieve this goal by creating and implementing educational programs that aim to strengthen the skills of existing industry workers and provide opportunities for the next generation of hospitality leaders. This nonprofit organization is committed to developing a robust curriculum that equips both present and future professionals with the necessary skills to excel in the dynamic hospitality industry.
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Impact
July, 2024
The Delaware Restaurant Association Educational Foundation's impact is primarily focused on improving the restaurant and hospitality industry through education. It achieves this through its ProStart program, which provides a comprehensive, career-building experience blending industry-driven classroom learning with mentored work experience. This program gives a "professional start" to students who may not have been interested in traditional career paths, focusing on youth and workforce development in the foodservice industry.
One significant aspect of the foundation's impact is the State and National ProStart competitions, where teams compete in management and culinary competitions. The winners receive honors and scholarships, furthering their education and career opportunities in the hospitality industry. In 2022, around 3,000 participants were involved in these competitions, showcasing the reach and influence of the foundation's work.
Overall, the Delaware Restaurant Association Educational Foundation plays a crucial role in developing curriculum and educational programs to strengthen current industry workers and prepare the next generation of hospitality leaders, ultimately benefiting both the industry and the individuals involved.
This information is meant to be a general summary of Delaware 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 2022.
- Investment Income: $51
- Program Service Revenue: $91,456
- Gross Receipts: $581,881
Assets and Liabilities:
- Total Assets: $289,182
- Total Liabilities: $2,559
- Net Assets: $286,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVSAFE REVENUE
Revenue
$49,348
PROSTART REVENUE
Revenue
$42,108
Organization Details
Founding Year
2014
Phone
(866) 372-2545Principal Officer
Carrie Leishman
Main Address
500 CREEK VIEW ROAD 103, NEWARK, DE, 19711
NTEE Category
Code: K40 - Food
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