The National Restaurant Association Educational Foundation

“The National Restaurant Association Educational Foundation had 29 board members during 2022. For operating purposes, the Organization presumes that some of those board members, from time to time, may have family or business relationships with other board members. Officers, key employees, and voting board members of the Organization are required to submit conflict of interest disclosure statements on an annual basis. Where a board member has disclosed a family or business relationship with another board member, that information is reported.”

“The board of directors of the National Restaurant Association has the power to nominate candidates from its elected voting members to the National Restaurant Association Educational Foundation Board of Trustees so a majority of the elected Trustee positions on the National Restaurant Association Educational Foundation Board of Trustees has been elected this way.”

“Form 990 is reviewed by the governing body's leadership which includes the following positions: Officers of the Foundation, including Chairman, Vice Chairman, and Treasurer and the Chairman and Vice Chairman of the Audit/Finance Committee of the Board.”

“Officers and trustees are required to disclose conflicts of interest annually to the Chair of the Board of Trustees. For each interest disclosed to the Chair, the Chair will determine whether to: (a) take no action; (b) assure full disclosure of the Board of Trustees and other individuals covered by this policy; (c) ask the person to recuse from participation in related Foundation discussion or decisions; or (d) ask the person to resign from the Foundation position, or, if the person refuses to resign, become subject to possible removal in accordance with removal procedures in the Foundation bylaws. The President and CEO and CFO of the National Restaurant Association monitor proposed or ongoing transactions for conflicts of interest and disclose them to the Chair in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The Compensation Committee of the National Restaurant Association, a related organization, reviews and approves the compensation of the Chief Executive Officer, and direct reports. An outside consultant is used to provide comparable data for similarly qualified persons in functionally situated organizations for consideration. Contemporaneous documentation of these decisions regarding compensation is prepared and maintained.”

“The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public on an appointment basis at its offices in Washington, DC for the same period of the disclosure set forth on IRC Section 6104(d).”

“Miscellaneous: Program service expenses 1,801,255. Management and general expenses 0. Fundraising expenses 84,356. Total expenses 1,885,611. Hospitality Sector Registered Apprenticeship Programatic Consulting: Program service expenses 885,774. Management and general expenses 0. Fundraising expenses 0. Total expenses 885,774. Program Communication and Marketing Consulting: Program service expenses 607,979. Management and general expenses 0. Fundraising expenses 0. Total expenses 607,979. Research and Analyst Program Consulting: Program service expenses 242,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 242,439. Brand Management Consulting: Program service expenses 0. Management and general expenses 0. Fundraising expenses 54,631. Total expenses 54,631.”

“Returned Scholarships 67,856.”