Civic Intelligence

Massachusetts Restaurant Association Educational Foundation

990 • Fiscal year 2023 • EIN 04-3478931

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 11, 2023

160 East Main Street Suite 2Westborough, MA 01581

(800) 852-3042

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.02x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

47th percentile

2.9%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

50th percentile

3.7%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

1.0%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$856,395

Up $30,271 (+3.7%) from 2022

Net Assets

Up

$840,556

Up $31,505 (+3.9%) from 2022

Liabilities

Down

$15,839

Down $1,234 (-7.2%) from 2022

Revenue

Up

$378,422

Up $3,576 (+1.0%) from 2022

Expenses

Up

$367,353

Up $81,793 (+29%) from 2022

Net Income

Down

$11,069

Down $78,217 (-88%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $656,676Liabilities 2011: $17,186Net Assets 2011: $639,4902011Assets 2012: $678,212Liabilities 2012: $24,196Net Assets 2012: $654,0162012Assets 2014: $697,307Liabilities 2014: $42,412Net Assets 2014: $654,8952014Assets 2015: $684,179Liabilities 2015: $3,829Net Assets 2015: $680,3502015Assets 2016: $693,319Liabilities 2016: $8,115Net Assets 2016: $685,2042016Assets 2017: $743,854Liabilities 2017: $7,500Net Assets 2017: $736,3542017Assets 2018: $714,877Liabilities 2018: $0Net Assets 2018: $714,8772018Assets 2019: $715,409Liabilities 2019: $2,407Net Assets 2019: $713,0022019Assets 2020: $701,168Liabilities 2020: $17,068Net Assets 2020: $684,1002020Assets 2021: $860,133Liabilities 2021: $56,712Net Assets 2021: $803,4212021Assets 2022: $826,124Liabilities 2022: $17,073Net Assets 2022: $809,0512022Assets 2023: $856,395Liabilities 2023: $15,839Net Assets 2023: $840,5562023Assets 2024: $1,055,620Liabilities 2024: $43,770Net Assets 2024: $1,011,8502024Assets 2025: $1,044,547Liabilities 2025: $15,048Net Assets 2025: $1,029,4992025

Highlighted filing

2023

Assets$856,395
Liabilities$15,839
Net Assets$840,556

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $321,304Expenses 2011: $271,178Net Income 2011: $50,1262011Revenue 2012: $308,987Expenses 2012: $294,461Net Income 2012: $14,5262012Revenue 2014: $287,704Expenses 2014: $298,952Net Income 2014: -$11,2482014Revenue 2015: $262,634Expenses 2015: $239,654Net Income 2015: $22,9802015Revenue 2016: $267,561Expenses 2016: $260,873Net Income 2016: $6,6882016Revenue 2017: $363,106Expenses 2017: $295,238Net Income 2017: $67,8682017Revenue 2018: $275,866Expenses 2018: $294,854Net Income 2018: -$18,9882018Revenue 2019: $314,235Expenses 2019: $322,426Net Income 2019: -$8,1912019Revenue 2020: $287,352Expenses 2020: $326,171Net Income 2020: -$38,8192020Revenue 2021: $394,848Expenses 2021: $311,807Net Income 2021: $83,0412021Revenue 2022: $374,846Expenses 2022: $285,560Net Income 2022: $89,2862022Revenue 2023: $378,422Expenses 2023: $367,353Net Income 2023: $11,0692023Revenue 2024: $493,217Expenses 2024: $363,448Net Income 2024: $129,7692024Revenue 2025: $435,921Expenses 2025: $445,950Net Income 2025: -$10,0292025

Highlighted filing

2023

Revenue$378,422
Expenses$367,353
Net Income$11,069
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 11, 2023
Return Version
2022v5.0
Gross Receipts
$386,942
Mission and Program Overview

Mission

Educational programs for high school students and development and continuing education for members of the food service industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$478,844$457,409▼ $21,435
Investments in Publicly Traded Securities$344,624$380,079▲ $35,455
Other Notes and Loans Receivable, Net-$12,824-
Inventories for Sale or Use$2,656$5,069▲ $2,413
Accounts Receivable-$1,014-
Total Assets$826,124$856,395▲ $30,271
Liabilities
Accounts Payable and Accrued Expenses$17,073$15,839▼ $1,234
Total Liabilities$17,073$15,839▼ $1,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$671,797$692,947▲ $21,150
Net Assets With Donor Restrictions$137,254$147,609▲ $10,355
Total Net Assets Fund Balance$809,051$840,556▲ $31,505
Total Liabilities and Net Assets / Fund Balance$826,124$856,395▲ $30,271
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff GatesPast Chairma
Karen ColemanPresident
Barbara PeckhamDirector
Brenda KellyDirector
Bryan OglesbyDirector
James GriffinDirector
Kim WallaceDirector
Nancy DefinaDirector
Nick CaliasDirector
Nicole OlivierDirector
Pat BandoDirector
Patricia IvattsDirector
Stephen ClarkExecutive Di
John CarlinoFirst Vice P
Alan MarcusTreasurer
Todd SnopkowskiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$323,510
Program Service Revenue
$35,704
Investment Income
$17,844
Other Revenue
$1,364
All Other Contributions
$323,510
Change in Net Assets
$11,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,422
Revenue Not Reported on Form 990
$20,436
Total Revenue per Audited Statements
$398,858
Total Revenue per Form 990
$378,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$267,353
Grants and Similar Amounts Paid$100,000
Total Fundraising Expense$38,800
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$100,000--$100,000
Conferences and Meetings$16,501--$16,501
All Other Expenses$12,594$3,249-$15,843
Fees for Services Accounting$9,438$2,359-$11,797
Occupancy-$5,800-$5,800
Office Expenses$4,095$1,024-$5,119
Travel$1,854$2,448-$4,302
Other Expenses$3,000$28,050$4,000$3,000
Fees for Service Investment Mgmnt Fees-$2,725-$2,725
Total Functional Expenses$282,898$45,655$38,800$367,353

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$367,353
Total Expenses per Audited Statements$367,353
Total Expenses per Form 990$367,353
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The foundation has members.

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to the board before filing.

Form 990, Page 6, Part VI, Line 12C

Compliance with the conflict of interest policy monitored and enforced through board meetings.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Massachusetts Restaurant
EIN
04-3478931
Phone
8008523042
Address
160 EAST MAIN STREET SUITE 2, WESTBOROUGH, MA 01581

Signing Officer

Name
Stephen Clark
Title
Executive Director
Phone
8008523042
Signed
2023-12-11

Organization Details

Principal Officer
Stephen Clark
Formed
1999
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
150

Preparer

Firm
Bacallconniff Inc
Address
111 STATE STREET, BOSTON, MA 02109-2905
Preparer
Jeffery E Richards
Phone
6173673250
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IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0STEPHEN CLARK
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IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION SUMMIT
IRS990/ProgramServiceRevenueGrp/Desc3SERV/SAFE - ALCOHOL
IRS990/ProgramServiceRevenueGrp/Desc4CLASSES AND OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31875
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41490
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31875
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41490
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IRS990/PYContributionsGrantsAmt0319950
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0104000
IRS990/PYInvestmentIncomeAmt021813
IRS990/PYOtherExpensesAmt0181560
IRS990/PYOtherRevenueAmt04504
IRS990/PYProgramServiceRevenueAmt028579
IRS990/PYRevenuesLessExpensesAmt089286
IRS990/PYTotalExpensesAmt0285560
IRS990/PYTotalRevenueAmt0374846
IRS990/ReconcilationRevenueExpnssAmt011069
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0478844
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0457409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0323510
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0319950
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0328123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0241907
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0235431
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01448921
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05485
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08064
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt037068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt033083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt022182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt040702
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt065067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0198102
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08830
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05485
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036530
IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/PublicSupportCY509Pct00.97830
IRS990ScheduleA/PublicSupportPY509Pct00.97830
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0360578
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0353033
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0350305
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0282609
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0300498
IRS990ScheduleA/Total509Grp/TotalAmt01647023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0369408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359430
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0355790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0290363
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0308562
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01683553
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0367353
IRS990ScheduleD/NetUnrealizedGainsInvstAmt020436
IRS990ScheduleD/RevenueNotReportedAmt020436
IRS990ScheduleD/RevenueSubtotalAmt0378422
IRS990ScheduleD/TotalExpensesPerForm990Amt0367353
IRS990ScheduleD/TotalRevenuePerForm990Amt0378422
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0398858
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0367353
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0100000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS PAID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0100
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY MONITORED AND ENFORCED THROUGH BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MASS RESTAURANT ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0041591041
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0160 EAST MAIN STREET SUITE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WESTBOROUGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05800

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.04$0.02$1.03$0.44$0.45$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.04$1.01$0.49$0.36$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.02$0.84$0.38$0.37$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.37$0.29$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.06$0.80$0.39$0.31$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.02$0.68$0.29$0.33$0.04
2019Summary only. Only limited summary data is available for this year.$0.72$0.00$0.71$0.31$0.32$0.01
2018Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.28$0.29$0.02
2017Summary only. Only limited summary data is available for this year.$0.74$0.01$0.74$0.36$0.30$0.07
2016Summary only. Only limited summary data is available for this year.$0.69$0.01$0.69$0.27$0.26$0.01
2015Summary only. Only limited summary data is available for this year.$0.68$0.00$0.68$0.26$0.24$0.02
2014Summary only. Only limited summary data is available for this year.$0.70$0.04$0.65$0.29$0.30$0.01
2012Summary only. Only limited summary data is available for this year.$0.68$0.02$0.65$0.31$0.29$0.01
2011Summary only. Only limited summary data is available for this year.$0.66$0.02$0.64$0.32$0.27$0.05