Overview
What is International Council On Hotel Restaurant & Institutional Education?
The International Council On Hotel Restaurant & Institutional Education is a nonprofit organization situated in Richmond, Virginia. With a small team of four dedicated individuals, their primary goal is to promote the hotel, restaurant, and institutional industries. They achieve this by hosting an annual conference, providing a platform for members to exchange ideas and share information. The organization's mission is to foster the development of hospitality and tourism management and facilitate the professional growth of its members, ultimately contributing to the advancement of these industries.
Official website here: www.chrie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The International Council On Hotel Restaurant & Institutional Education has received a 73% score from Charity Navigator, indicating a Two-Star rating. This rating reflects the organization’s accountability and financial management practices. Notably, while the organization has established several key policies, it has struggled with board independence, as there are no independent members on its board. This may raise questions about governance and oversight.
Strengths identified include a comprehensive financial statement review process, no material diversions of assets, and adherence to policies like conflict of interest and whistleblower protections. The organization also maintains a low liabilities-to-assets ratio, showcasing its financial stability. However, despite these strengths, the lack of independent board members and the missing tax form on the nonprofit's website highlight areas for improvement.
Additionally, the program expense ratio stands at 63.84%, which suggests that a significant portion of the revenue is allocated to programmatic activities. However, this ratio could be enhanced for better performance metrics. Overall, while the International Council On Hotel Restaurant & Institutional Education demonstrates strong financial practices, its governance structure and transparency could benefit from significant enhancements.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about International Council On Hotel Restaurant & Institutional Education?
100% of reviewers recommend the International Council on Hotel Restaurant & Institutional Education (ICHRIE) based on five ratings. Here’s a glimpse of their insights:
The organization is praised for its impactful work in the hospitality sector, emphasizing its global recognition and contributions to research and networking. Reviewers highlight the council's dedication to fostering education and professional development within the industry, underscoring its importance and relevance.
Overall, it appears that ICHRIE consistently meets and exceeds expectations, with supporters expressing satisfaction and appreciation for the resources and connections it provides to professionals in hospitality and education.
This AI summary has been generated from reviews found on Facebook.
Is International Council On Hotel Restaurant & Institutional Education legitimate?
International Council On Hotel Restaurant & Institutional Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Council On Hotel Restaurant & Institutional Education 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: $139,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,892
For more financial information, click here
Official website here: www.chrie.org
What is the mission statement of International Council On Hotel Restaurant & Institutional Education?
The International Council On Hotel Restaurant & Institutional Education is dedicated to fostering the advancement of hospitality and tourism management. Their primary objective is to facilitate the professional development of its members. Through various means, they aim to promote the hotel, restaurant, and institutional industries. One of their key activities is hosting an annual conference, where members gather to exchange ideas and share information. This council serves as a platform that encourages the growth and progression of its members within the hospitality and tourism sector.
Official website here: www.chrie.org
What is the revenue of International Council On Hotel Restaurant & Institutional Education?
International Council On Hotel Restaurant & Institutional Education's revenue in 2023 was $866,014.
Official website here: www.chrie.org
Who are the executives of International Council On Hotel Restaurant & Institutional Education and what are their salaries?
The average compensation at International Council On Hotel Restaurant & Institutional Education during 2023 was $67,365. There are 5 employees and 200 volunteers at International Council On Hotel Restaurant & Institutional Education.
Here are 21 key members and their salaries:
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- Compensation: $135,575
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- Other: $4,360
Official website here: www.chrie.org
Where can I find the form 990 for International Council On Hotel Restaurant & Institutional Education?
International Council On Hotel Restaurant & Institutional Education's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chrie.org
Learn more at the official website: www.chrie.org
Mission Statement of International Council On Hotel Restaurant & Institutional Education
The International Council On Hotel, Restaurant & Institutional Education, a renowned organization, is dedicated to fostering the growth and advancement of the hospitality and tourism management sectors. Its primary goal is to facilitate the professional development of its members, ultimately contributing to the betterment of these industries. By organizing an annual conference, the Council aims to promote the hotel, restaurant, and institutional industries. This gathering serves as a platform where members can exchange ideas and share valuable information, fostering a collaborative environment that benefits the entire industry.
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Impact
July, 2024
The International Council On Hotel Restaurant & Institutional Education's impact can be seen in their efforts to foster the development of hospitality and tourism management and facilitate the professional development of its members. Through activities like their annual conference, the organization promotes the hotel, restaurant, and institutional industries, bringing together members to exchange ideas and information. This contribution directly supports community improvement by enhancing the skills and knowledge of professionals in the hospitality sector, ultimately benefiting the industry as a whole.
This information is meant to be a general summary of International Council On Hotel Restaurant & Institutional Education. 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: $5,070
- Program Service Revenue: $814,730
- Gross Receipts: $866,014
Assets and Liabilities:
- Total Assets: $682,753
- Total Liabilities: $174,706
- Net Assets: $508,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$351,711
MEMBERSHIP DUES
Revenue
$297,322
PUBLICATIONS
Revenue
$112,992
ETA SIGMA DELTA REVENU
Revenue
$52,705
Organization Details
Founding Year
1949
Phone
(804) 346-4800Principal Officer
Fran Brasseux
Main Address
2810 N PARHAM ROAD SUITE 230, RICHMOND, VA, 23294
Website
www.chrie.orgNTEE Category
Code: S41Z - Community improvement
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