Overview
What is Restaurant Association Of Maryland Education Foundation Inc?
The Restaurant Association of Maryland Education Foundation Inc., located in Columbia, Maryland, serves as a vital resource for the hospitality and tourism industries in the state. With a team of five dedicated individuals, their primary mission is to provide education and resources to this sector. They achieve this through organizing seminars and inviting industry leaders as speakers, aiming to educate both the public and their members on topics relevant to the restaurant and hospitality industries. The foundation's activities are centered around offering seminars, certifications, and various resources, thereby contributing significantly to the professional development within this sector.
Official website here: www.ramef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Restaurant Association of Maryland Education Foundation Inc has achieved a notable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is entirely derived from the organization's commitment to transparency and effective financial management, which is essential for building trust with donors and stakeholders.
The foundation demonstrates a robust governance structure, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower protections. Its program expense ratio of 79.20% indicates that a significant majority of its expenditures are directed towards its programs, further showcasing its dedication to fulfilling its mission.
There are no significant limitations noted in the data, with all aspects of financial oversight being rated highly. The organization’s effective management practices and adherence to accountability standards position it as a commendable nonprofit within the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Restaurant Association Of Maryland Education Foundation Inc legitimate?
Restaurant Association Of Maryland Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restaurant Association Of Maryland Education 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: $258,443
For more financial information, click here
Official website here: www.ramef.org
What is the mission statement of Restaurant Association Of Maryland Education Foundation Inc?
The Restaurant Association of Maryland Education Foundation Inc. is dedicated to supporting the restaurant and hospitality industry by providing education and resources. This is achieved through seminars, certifications, and various other available resources. Serving as a trusted source for education, training, resources, and research, the foundation sponsors events where industry leaders and educators share their knowledge, aiming to educate the general public and its members on relevant topics related to the restaurant and hospitality industries.
Official website here: www.ramef.org
Who is the CEO of Restaurant Association Of Maryland Education Foundation Inc?
Marshall Weston is the Director of Restaurant Association Of Maryland Education Foundation Inc.
Official website here: www.ramef.org
What is the revenue of Restaurant Association Of Maryland Education Foundation Inc?
Restaurant Association Of Maryland Education Foundation Inc's revenue in 2023 was $650,080.
Official website here: www.ramef.org
Who are the executives of Restaurant Association Of Maryland Education Foundation Inc and what are their salaries?
The average compensation at Restaurant Association Of Maryland Education Foundation Inc during 2023 was $51,689. There are 5 employees and 13 volunteers at Restaurant Association Of Maryland Education Foundation Inc.
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Official website here: www.ramef.org
Where can I find the form 990 for Restaurant Association Of Maryland Education Foundation Inc?
Restaurant Association Of Maryland Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ramef.org
Learn more at the official website: www.ramef.org
Mission Statement of Restaurant Association Of Maryland Education Foundation Inc
The Restaurant Association of Maryland Education Foundation (RAMEF) is committed to serving as the primary source of education, training, resources, and research for the hospitality and tourism industries in Maryland. To accomplish this mission, RAMEF organizes seminars and classes, inviting educators and industry leaders to share their expertise with the general public and its members. These events aim to educate individuals on topics relevant to the restaurant and hospitality industries, thereby empowering them to enhance their professional skills and contribute to the industry's growth and success. In essence, RAMEF plays a pivotal role in providing the necessary tools and knowledge for individuals working within the Maryland hospitality and tourism sectors, fostering their professional development and ensuring the industry remains vibrant and innovative.
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Impact
July, 2024
The Restaurant Association Of Maryland Education Foundation Inc provides valuable education and resources to the restaurant and hospitality industry in Maryland. Through seminars, certifications, and other available resources, RAMEF serves as the preferred source of education, training, and research for the state's hospitality and tourism sectors. By sponsoring seminars and classes where educators and industry leaders share their expertise, RAMEF helps to educate the general public and its members on topics relevant to the restaurant and hospitality industries. This educational focus contributes to the professional development and success of individuals working in these sectors, ultimately benefiting the overall industry in Maryland.
This information is meant to be a general summary of Restaurant Association Of Maryland Education 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: $5,184
- Program Service Revenue: $191,274
- Gross Receipts: $759,386
Assets and Liabilities:
- Total Assets: $806,489
- Total Liabilities: $117,092
- Net Assets: $689,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MSDE FOOD SAFETY CONTRACT FIS
Revenue
$123,820
SEMINARS & CLASSES
Revenue
$67,454
Organization Details
Founding Year
1994
Phone
(410) 290-6800Principal Officer
Marshall Weston
Main Address
6301 HILLSIDE COURT, COLUMBIA, MD, 21046
Website
www.ramef.orgNTEE Category
Code: B82 - Education
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