Civic Intelligence

Massachusetts Restaurant Association Educational Foundation

990 • Fiscal year 2024 • EIN 04-3478931

Jul 01, 2023 to Jun 30, 2024 • Filed on May 05, 2025

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

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

81st percentile

23%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

30%

Faster revenue growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,055,620

Up $199,225 (+23%) from 2023

Net Assets

Up

$1,011,850

Up $171,294 (+20%) from 2023

Liabilities

Up

$43,770

Up $27,931 (+176%) from 2023

Revenue

Up

$493,217

Up $114,795 (+30%) from 2023

Expenses

Down

$363,448

Down $3,905 (-1.1%) from 2023

Net Income

Up

$129,769

Up $118,700 (+1072%) from 2023

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

2024

Assets$1,055,620
Liabilities$43,770
Net Assets$1,011,850

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

2024

Revenue$493,217
Expenses$363,448
Net Income$129,769
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$603,247
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$457,409$437,552▼ $19,857
Investments in Publicly Traded Securities$380,079$428,544▲ $48,465
Other Notes and Loans Receivable, Net$12,824$112,878▲ $100,054
Accounts Receivable$1,014$58,719▲ $57,705
Prepaid Expenses and Deferred Charges-$12,714-
Inventories for Sale or Use$5,069$5,213▲ $144
Total Assets$856,395$1,055,620▲ $199,225
Liabilities
Accounts Payable and Accrued Expenses$15,839$43,770▲ $27,931
Total Liabilities$15,839$43,770▲ $27,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$692,947$848,741▲ $155,794
Net Assets With Donor Restrictions$147,609$163,109▲ $15,500
Total Net Assets Fund Balance$840,556$1,011,850▲ $171,294
Total Liabilities and Net Assets / Fund Balance$856,395$1,055,620▲ $199,225
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
$462,424
Program Service Revenue
$17,953
Investment Income
$10,300
Other Revenue
$2,540
All Other Contributions
$462,424
Change in Net Assets
$129,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,217
Revenue Not Reported on Form 990
$41,525
Total Revenue per Audited Statements
$534,742
Total Revenue per Form 990
$493,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,948
Grants and Similar Amounts Paid$101,500
Total Fundraising Expense$47,135
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,500--$101,500
Conferences and Meetings$16,285--$16,285
Fees for Services Accounting$11,360$2,840-$14,200
All Other Expenses$7,476$2,018-$9,494
Occupancy-$5,800-$5,800
Office Expenses$3,921$980-$4,901
Travel$1,228$2,459-$3,687
Fees for Service Investment Mgmnt Fees-$3,011-$3,011
Other Expenses$3,007$28,050$12,335$3,007
Total Functional Expenses$271,155$45,158$47,135$363,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$363,448
Total Expenses per Audited Statements$363,448
Total Expenses per Form 990$363,448
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
2025-05-05

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 CPA
Phone
6173673250
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IRS990/ProgramServiceRevenueGrp/Desc2SERV/SAFE - ALCOHOL
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IRS990/ProgramServiceRevenueGrp/Desc4EDUCATION SUMMIT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14145
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4418
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IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt017844
IRS990/PYOtherExpensesAmt0267353
IRS990/PYOtherRevenueAmt01364
IRS990/PYProgramServiceRevenueAmt035704
IRS990/PYRevenuesLessExpensesAmt011069
IRS990/PYTotalExpensesAmt0367353
IRS990/PYTotalRevenueAmt0378422
IRS990/ReconcilationRevenueExpnssAmt0129769
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0457409
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0437552
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0323510
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0328123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0241907
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08830
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06397
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05485
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07754
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt038916
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt020493
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt037068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt033083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt022182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040702
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06397
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05485
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IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/PublicSupportCY509Pct00.97920
IRS990ScheduleA/PublicSupportPY509Pct00.97830
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0360578
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0350305
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0282609
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0369408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0359430
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0355790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0290363
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01868358
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt0363448
IRS990ScheduleD/NetUnrealizedGainsInvstAmt041525
IRS990ScheduleD/RevenueNotReportedAmt041525
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IRS990ScheduleD/TotalExpensesPerForm990Amt0363448
IRS990ScheduleD/TotalRevenuePerForm990Amt0493217
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0534742
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0363448
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0101500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS PAID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0101
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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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MASS RESTAURANT ASSOCIATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0041591041
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICE
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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

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