Overview
What is Colorado Restaurant Foundation?
The Colorado Restaurant Foundation is a dedicated nonprofit organization located in Denver, Colorado. Their primary focus is to improve the foodservice industry by enhancing training, education, and career development. They also prioritize the overall well-being of the industry's workforce. In response to the COVID-19 pandemic, the organization experienced an unprecedented influx of monetary contributions, enabling them to expand their Assistance Program. This program now provides disaster relief grants not only to individuals but also to businesses within the industry, helping them recover from the economic impact of the pandemic. In 2021, several assistance programs received funds, and the granting process continued into 2022.
Official website here: www.corestaurant.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Colorado Restaurant Foundation has earned a Three-Star rating based on an 81% overall score, which reflects its strong commitment to accountability and finance. This high rating primarily stems from its excellent scores in various categories, including having a fully independent board and no material diversion of assets. This indicates a well-managed organization that prioritizes transparency and adherence to ethical governance practices.
The foundation demonstrates solid financial health, with a program expense ratio of 87.71%, meaning the majority of its funds are directed towards its mission-related activities. Additionally, the organization has a good liabilities to assets ratio of 11.23%, suggesting it is in a stable financial position. Policies for conflict of interest, whistleblower protections, and document retention are all in place, further enhancing its credibility.
However, while the financial metrics are strong, the salaries of key personnel, particularly the Executive Director, may raise questions among some donors regarding executive compensation. Overall, the Colorado Restaurant Foundation showcases a commendable level of accountability, but potential donors might want to consider how executive pay aligns with the foundation's mission and overall financial strategy.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Restaurant Foundation legitimate?
Colorado Restaurant Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Restaurant 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: $201,787
Professional Fundraising Fees: $18,000
Other Salaries and Wages: $396,116
For more financial information, click here
Official website here: www.corestaurant.org
What is the mission statement of Colorado Restaurant Foundation?
The Colorado Restaurant Foundation is committed to improving the food service and hospitality industry by focusing on training, education, career development, and the overall well-being of its workforce. Their mission is to make education, skills, and financial resources accessible for individuals aiming to build a successful career within this industry.
In response to the coronavirus pandemic, the organization saw an extraordinary influx of monetary contributions from businesses and individuals. These contributions significantly expanded the foundation's Assistance Program, enabling it to provide financial aid not only to individuals but also to businesses that were struggling to recover from the devastating economic effects of the pandemic.
Throughout 2021 and into 2022, the foundation distributed funds through various assistance programs, offering a lifeline to those in need within the food service industry. The Colorado Restaurant Foundation continues to play a vital role in supporting the industry's recovery and growth.
Official website here: www.corestaurant.org
What is the revenue of Colorado Restaurant Foundation?
Colorado Restaurant Foundation's revenue in 2023 was $873,186.
Official website here: www.corestaurant.org
Who are the executives of Colorado Restaurant Foundation and what are their salaries?
There 75 volunteers at Colorado Restaurant Foundation.
Here are 39 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $17,630
- Related: $332,892
- Other: $44,241
- Compensation: $135,920
- Related: $2,630
- Other: $32,812
- Compensation: $12,387
- Related: $151,938
- Other: $19,052
- Compensation: $22,357
- Related: $81,580
- Other: $30,904
- Compensation: $40,520
- Related: $68,768
- Other: $9,083
- Compensation: $29,790
- Related: $103,628
- Other: $7,414
Official website here: www.corestaurant.org
Where can I find the form 990 for Colorado Restaurant Foundation?
Colorado Restaurant Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.corestaurant.org
Learn more at the official website: www.corestaurant.org
Mission Statement of Colorado Restaurant Foundation
The Colorado Restaurant Foundation is committed to enhancing the training, education, and overall well-being of the food service and hospitality industries and their workforce. This nonprofit organization is dedicated to providing access to education, skills, and financial means to individuals aiming for a successful career in this sector. By offering such resources, the Colorado Restaurant Foundation seeks to empower its industry members, fostering a strong and capable workforce.
During the coronavirus pandemic, the Colorado Restaurant Foundation received an unprecedented level of monetary contributions from businesses and individuals. This generous funding enabled the organization to expand its assistance program, which provides disaster relief grants to individuals in the food service industry. With these resources, the foundation was able to assist not only individuals but also businesses in the industry that were struggling to recover from the devastating economic effects of the pandemic. This expanded program marked a significant milestone in the foundation's mission to support the food service and hospitality industries during challenging times.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Colorado Restaurant Foundation's impact can be seen in its dedication to enhancing the industry's training and education, career development, and the overall well-being of the industry and its workforce. Through its Assistance Program, the organization provides disaster relief grants to individuals in the foodservice industry. As a result of the coronavirus pandemic, the Colorado Restaurant Foundation received an unusual and overwhelming level of monetary contributions from businesses and individuals, which funded the Assistance Program. This allowed for an unprecedented level of monetary assistance to be available, expanding the program to assist businesses as well as individuals in the industry in need of support to recover from the devastating economic effects of the pandemic. The organization's commitment to providing access to education, skills, and financial means for pursuing successful careers in the food service and hospitality industries showcases a tangible impact on the lives and livelihoods of those in the industry.
This information is meant to be a general summary of Colorado Restaurant 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 2023.
- Investment Income: $24,263
- Program Service Revenue: $51,086
- Gross Receipts: $1,640,503
Assets and Liabilities:
- Total Assets: $1,623,514
- Total Liabilities: $182,476
- Net Assets: $1,441,038
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT
Revenue
$44,057
EDUCATION
Revenue
$7,029
Organization Details
Founding Year
1987
Principal Officer
Sonia Riggs
Website
www.corestaurant.orgNTEE Category
Code: B82Z - Education
If you are a representative of Colorado Restaurant Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.