Civic Intelligence

Hospitality Industry Training and Education Fund

990 • Fiscal year 2017 • EIN 45-4884254

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

130 S Alvarado StLos Angeles, CA 90057

(310) 597-1898

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,224,243

Down $124,481 (-5.3%) from 2016

Net Assets

Down

$2,120,268

Down $96,634 (-4.4%) from 2016

Liabilities

Down

$103,975

Down $27,847 (-21%) from 2016

Revenue And Expenses

Revenue

Up

$1,739,333

Up $210,370 (+14%) from 2016

Expenses

Up

$1,830,018

Up $449,019 (+33%) from 2016

Net Income

Down

-$90,685

Down $238,649 (-161%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2013: $1,428,565Liabilities 2013: $23,660Net Assets 2013: $1,404,9052013Assets 2014: $1,808,503Liabilities 2014: $34,289Net Assets 2014: $1,774,2142014Assets 2015: $2,157,742Liabilities 2015: $84,742Net Assets 2015: $2,073,0002015Assets 2016: $2,348,724Liabilities 2016: $131,822Net Assets 2016: $2,216,9022016Assets 2017: $2,224,243Liabilities 2017: $103,975Net Assets 2017: $2,120,2682017Assets 2017: $2,397,387Liabilities 2017: $169,925Net Assets 2017: $2,227,4622017Assets 2018: $2,502,917Liabilities 2018: $160,965Net Assets 2018: $2,341,9522018Assets 2019: $2,347,544Liabilities 2019: $202,817Net Assets 2019: $2,144,7272019Assets 2020: $10,136,906Liabilities 2020: $3,448,387Net Assets 2020: $6,688,5192020Assets 2021: $5,209,083Liabilities 2021: $475,353Net Assets 2021: $4,733,7302021Assets 2022: $4,875,109Liabilities 2022: $515,816Net Assets 2022: $4,359,2932022Assets 2024: $25,004,921Liabilities 2024: $1,868,364Net Assets 2024: $23,136,5572024

Highlighted filing

2017

Assets$2,224,243
Liabilities$103,975
Net Assets$2,120,268

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2013: $523,297Expenses 2013: $424,255Net Income 2013: $99,0422013Revenue 2014: $902,684Expenses 2014: $533,375Net Income 2014: $369,3092014Revenue 2015: $972,968Expenses 2015: $660,496Net Income 2015: $312,4722015Revenue 2016: $1,528,963Expenses 2016: $1,380,999Net Income 2016: $147,9642016Revenue 2017: $1,739,333Expenses 2017: $1,830,018Net Income 2017: -$90,6852017Revenue 2017: $1,911,439Expenses 2017: $1,894,930Net Income 2017: $16,5092017Revenue 2018: $2,400,805Expenses 2018: $2,277,822Net Income 2018: $122,9832018Revenue 2019: $1,940,677Expenses 2019: $2,178,954Net Income 2019: -$238,2772019Revenue 2020: $35,564,987Expenses 2020: $30,985,478Net Income 2020: $4,579,5092020Revenue 2021: $24,436,867Expenses 2021: $26,323,478Net Income 2021: -$1,886,6112021Revenue 2022: $4,635,663Expenses 2022: $4,765,689Net Income 2022: -$130,0262022Revenue 2024: $7,434,994Expenses 2024: $8,733,864Net Income 2024: -$1,298,8702024

Highlighted filing

2017

Revenue$1,739,333
Expenses$1,830,018
Net Income-$90,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,990,826
Mission and Program Overview

Mission

Training individuals working or desiring to work in the hospitality industry and other programs described in the trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,216,902$2,120,268▼ $96,634
Investments in Publicly Traded Securities$1,831,048$1,752,487▼ $78,561
Accounts Receivable$236,027$294,321▲ $58,294
Cash and Non-Interest-Bearing Accounts$197,151$101,751▼ $95,400
Land, Buildings, and Equipment, Net$71,181$62,621▼ $8,560
Prepaid Expenses and Deferred Charges$13,317$13,063▼ $254
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,348,724$2,224,243▼ $124,481
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$131,822$103,975▼ $27,847
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$131,822$103,975▼ $27,847
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,216,902$2,120,268▼ $96,634
Total Liabilities and Net Assets / Fund Balance$2,348,724$2,224,243▼ $124,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$62,621$28,794$91,415
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adine FormanExecutive DirectorFT$113,195$34,739$147,934

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$630,630
Program Service Revenue
$1,071,123
Investment Income
$27,384
Other Revenue
$10,196
All Other Contributions
$239,482
Change in Net Assets
$-90,685

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,739,333
Revenue Not Reported on Form 990
$-5,949
Total Revenue per Audited Statements
$1,733,384
Total Revenue per Form 990
$1,739,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,124,797
Other Expenses$705,221
Total Fundraising Expense$172,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$425,857$189,505$94,392$709,754
Other Employee Benefits$108,639$48,344$24,082$181,065
Current Officers, Directors, Trustees, and Key Employees$88,760$39,498$19,676$147,934
Occupancy$54,675$24,330$12,120$91,125
Payroll Taxes$42,722$19,008$9,469$71,199
Fees for Services Legal$0$60,196$0$60,196
Office Expenses$32,647$14,523$7,235$54,405
Fees for Services Other$41,150$7,262-$48,412
Insurance$0$31,678$0$31,678
Information Technology$0$28,596$0$28,596
Fees for Services Accounting$0$16,500$0$16,500
Fees for Services Management$0$16,200$0$16,200
Travel$9,121$4,061$2,021$15,203
Pension Plan Contributions$8,911$3,968$1,966$14,845
Depreciation Depletion$0$11,718$0$11,718
Other Expenses$0$8,325$0$8,325
Advertising$4,382$1,950$971$7,303
Conferences and Meetings$5,265$665$331$6,261
Fees for Service Investment Mgmnt Fees-$426-$426
Total Functional Expenses$1,131,002$526,753$172,263$1,830,018

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,830,018
Total Expenses per Audited Statements$1,830,018
Total Expenses per Form 990$1,830,018
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, LINE 11B:

Form 990 was reviewed by the fund administrators and distributed to all trustees prior to filing. Part vi, line 15b: compensation is based on online salary surveys and comparable salaries paid at other not for profit organizations for similar positions. Compensation is reviewed and approved by the board of trustees.

Filing and Contact Details

Filer

Filer Name
Hospitality Industry Training and Education
EIN
45-4884254
In Care Of
% BENEFITS PROGRAMS ADMIN
Phone
3105971898
Address
130 S ALVARADO ST, LOS ANGELES, CA 90057

Signing Officer

Name
Adine Forman
Title
executive director
Phone
5624635000
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adine Forman
Formed
2012
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
0
Employees
23
Volunteers
0

Preparer

Firm
Miller Kaplan Arase Llp
Address
4123 LANKERSHIM BLVD, NORTH HOLLYWOOD, CA 91602-2828
Preparer
Douglas Waite
Phone
8187692010
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990/InformationTechnologyGrp/TotalAmt028596
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt031678
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt031678
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt028877
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028877
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01831048
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01752487
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028794
IRS990/LandBldgEquipBasisNetGrp/BOYAmt071181
IRS990/LandBldgEquipBasisNetGrp/EOYAmt062621
IRS990/LandBldgEquipCostOrOtherBssAmt091415
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0251493
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TRAINING INDIVIDUALS WORKING OR DESIRING TO WORK IN THE HOSPITALITY INDUSTRY AND OTHER PROGRAMS DESCRIBED IN THE TRUST.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02216902
IRS990/NetAssetsOrFundBalancesEOYAmt02120268
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1493
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1493
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5949
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt012120
IRS990/OccupancyGrp/ManagementAndGeneralAmt024330
IRS990/OccupancyGrp/ProgramServicesAmt054675
IRS990/OccupancyGrp/TotalAmt091125
IRS990/OfficeExpensesGrp/FundraisingAmt07235
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014523
IRS990/OfficeExpensesGrp/ProgramServicesAmt032647
IRS990/OfficeExpensesGrp/TotalAmt054405
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt024082
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt048344
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0108639
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181065
IRS990/OtherExpensesGrp/Desc0TRAINING EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18325
IRS990/OtherExpensesGrp/ProgramServicesAmt0308873
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt0308873
IRS990/OtherExpensesGrp/TotalAmt18325
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010196
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010196
IRS990/OtherRevenueTotalAmt010196
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt094392
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0189505
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0425857
IRS990/OtherSalariesAndWagesGrp/TotalAmt0709754
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt09469
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019008
IRS990/PayrollTaxesGrp/ProgramServicesAmt042722
IRS990/PayrollTaxesGrp/TotalAmt071199
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt01966
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03968
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08911
IRS990/PensionPlanContributionsGrp/TotalAmt014845
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013317
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013063
IRS990/PrincipalOfficerNm0ADINE FORMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRIBUTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01071123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01071123
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0656991
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021614
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0544399
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0850358
IRS990/PYRevenuesLessExpensesAmt0147964
IRS990/PYSalariesCompEmpBnftPaidAmt0836600
IRS990/PYTotalExpensesAmt01380999
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01528963
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-90685
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02216902
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02120268
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt062621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028794
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091415
IRS990ScheduleD/ExpensesSubtotalAmt01830018
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5949
IRS990ScheduleD/RevenueNotReportedAmt0-5949
IRS990ScheduleD/RevenueSubtotalAmt01739333
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken a tax position that more likely than not would not be sustained upon examination by a tax authority. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.0$1.87$23.1$7.43$8.73$1.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$0.52$4.36$4.64$4.77$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$0.48$4.73$24.4$26.3$1.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$3.45$6.69$35.6$31.0$4.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.20$2.14$1.94$2.18$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.16$2.34$2.40$2.28$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.17$2.23$1.91$1.89$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.22$0.10$2.12$1.74$1.83$0.09
2016Summary only. Only limited summary data is available for this year.$2.35$0.13$2.22$1.53$1.38$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.16$0.08$2.07$0.97$0.66$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.03$1.77$0.90$0.53$0.37
2013Summary only. Only limited summary data is available for this year.$1.43$0.02$1.40$0.52$0.42$0.10
Peer Organizations

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