Overview
What is New Hampshire Lodging & Restaurant Association Education Foundation?
The New Hampshire Lodging & Restaurant Association Education Foundation serves as the state affiliate for the National Restaurant Association's PROSTART program. It supports high schools across New Hampshire that incorporate hospitality and tourism management curriculum, providing resources and assistance to those utilizing the PROSTART curriculum, which encompasses both culinary techniques and management skills. The foundation organizes a state competition and funds the expenses of the winning team to participate in the national competition. Committed to charitable and educational purposes, the foundation grants scholarships to further the education and training of individuals in the hospitality industry in New Hampshire and facilitates additional training programs as needed by the industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that the New Hampshire Lodging & Restaurant Association Education Foundation meets some standards of accountability and transparency but has room for improvement. The organization has a strong program expense ratio at 97.16%, suggesting that a significant portion of its expenses is directed towards its programs.
The foundation's board is fully independent, comprised of 13 members, which supports effective governance. Additionally, the organization scores well in areas such as material diversion of assets and the documentation of board meeting minutes, reflecting a commitment to sound financial practices.
However, the foundation faces notable limitations, particularly in its policies related to conflict of interest, whistleblower protections, and document retention, all of which are currently missing. The absence of these policies may impact perceptions of governance and transparency, which can be critical for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Hampshire Lodging & Restaurant Association Education Foundation legitimate?
New Hampshire Lodging & Restaurant Association Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hampshire Lodging & Restaurant Association Education 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.
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What is the mission statement of New Hampshire Lodging & Restaurant Association Education Foundation?
The New Hampshire Lodging & Restaurant Association Education Foundation is established with charitable and educational objectives. Its primary focus is to grant scholarships to individuals currently employed or seeking employment in the hospitality industry, aiming to further their education and training. Additionally, the foundation facilitates and supports additional training programs and opportunities as required by the hospitality industry in New Hampshire.
Who is the CEO of New Hampshire Lodging & Restaurant Association Education Foundation?
Michael Somers is the Director of New Hampshire Lodging & Restaurant Association Education Foundation.
What is the revenue of New Hampshire Lodging & Restaurant Association Education Foundation?
New Hampshire Lodging & Restaurant Association Education Foundation's revenue in 2022 was $93,944.
Who are the executives of New Hampshire Lodging & Restaurant Association Education Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for New Hampshire Lodging & Restaurant Association Education Foundation?
New Hampshire Lodging & Restaurant Association Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hampshire Lodging & Restaurant Association Education Foundation
The New Hampshire Lodging & Restaurant Association Education Foundation is established with a charitable and educational purpose. Its mission is centered around granting scholarships to individuals currently employed or seeking employment within the hospitality industry, with the aim of furthering their education and training. Additionally, the foundation facilitates and supports additional training programs and opportunities as required by the hospitality industry in the state of New Hampshire. In essence, the New Hampshire Lodging & Restaurant Association Education Foundation is committed to empowering and equipping the workforce in the hospitality sector through education and training, thereby contributing to the industry's growth and development.
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Impact
October, 2024
The New Hampshire Lodging & Restaurant Association Education Foundation significantly enhances the hospitality industry through educational initiatives and scholarships. By granting scholarships, it supports the education and training of both current employees and those seeking to join the industry. This financial assistance empowers individuals to develop their skills, ultimately benefiting the workforce in New Hampshire’s hospitality sector.
Furthermore, the foundation plays a crucial role in high school education by acting as the state affiliate for the National Restaurant Association ProStart Program. It actively supports local high schools implementing the Hospitality and Tourism Management curriculum, ensuring that students gain essential culinary and management skills. The foundation organizes state competitions, fostering a spirit of excellence and teamwork among students, and funds the winning teams to compete at national events, providing them with invaluable experiences and exposure.
Through these efforts, the foundation not only enhances individual career prospects but also contributes to the growth and sustainability of the hospitality industry in New Hampshire. By facilitating additional training programs and opportunities, it ensures that the workforce is well-prepared to meet the evolving demands of the industry.
This information is meant to be a general summary of New Hampshire Lodging & Restaurant Association Education 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: $1,186
- Program Service Revenue: $17,510
- Gross Receipts: $93,944
Assets and Liabilities:
- Total Assets: $186,412
- Total Liabilities: $0
- Net Assets: $186,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$17,510
Organization Details
Founding Year
2010
Phone
(603) 228-9585Principal Officer
Michael Somers
Main Address
16 CENTRE STREET, CONCORD, NH, 03301
NTEE Category
Code: B82 - Education
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