Civic Intelligence

Virginia Restaurant Lodging Travel Association

990 • Fiscal year 2021 • EIN 54-1285571

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 20, 2022

5101 Monument Ave Suite 206Richmond, VA 23230

(804) 288-3065

Siviq Scores

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

Liabilities / Assets

81st percentile

0.41x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

0.08x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

38th percentile

6.2%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$137,400

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

51%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$267,372

Up $68,170 (+34%) from 2020

Net Assets

Up

$158,475

Up $88,441 (+126%) from 2020

Liabilities

Down

$108,897

Down $20,271 (-16%) from 2020

Revenue

Up

$1,425,484

Up $480,776 (+51%) from 2020

Expenses

Up

$1,337,043

Up $412,356 (+45%) from 2020

Net Income

Up

$88,441

Up $68,420 (+342%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $186,557Liabilities 2010: $253,375Net Assets 2010: -$66,8182010Assets 2011: $238,737Liabilities 2011: $139,362Net Assets 2011: $99,3752011Assets 2012: $305,973Liabilities 2012: $170,532Net Assets 2012: $135,4412012Assets 2013: $349,699Liabilities 2013: $248,122Net Assets 2013: $101,5772013Assets 2014: $488,416Liabilities 2014: $198,309Net Assets 2014: $290,1072014Assets 2015: $385,560Liabilities 2015: $183,947Net Assets 2015: $201,6132015Assets 2016: $317,748Liabilities 2016: $150,716Net Assets 2016: $167,0322016Assets 2017: $352,209Liabilities 2017: $382,386Net Assets 2017: -$30,1772017Assets 2018: $175,832Liabilities 2018: $157,614Net Assets 2018: $18,2182018Assets 2019: $216,452Liabilities 2019: $166,439Net Assets 2019: $50,0132019Assets 2020: $199,202Liabilities 2020: $129,168Net Assets 2020: $70,0342020Assets 2021: $267,372Liabilities 2021: $108,897Net Assets 2021: $158,4752021Assets 2022: $349,457Liabilities 2022: $125,316Net Assets 2022: $224,1412022Assets 2023: $325,081Liabilities 2023: $106,439Net Assets 2023: $218,6422023Assets 2024: $377,763Liabilities 2024: $214,038Net Assets 2024: $163,7252024

Highlighted filing

2021

Assets$267,372
Liabilities$108,897
Net Assets$158,475

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $789,477Expenses 2010: $769,010Net Income 2010: $20,4672010Revenue 2011: $1,116,883Expenses 2011: $950,691Net Income 2011: $166,1922011Expenses 2012: $881,6002012Revenue 2013: $820,696Expenses 2013: $854,560Net Income 2013: -$33,8642013Revenue 2014: $1,300,004Expenses 2014: $1,111,474Net Income 2014: $188,5302014Revenue 2015: $1,100,437Expenses 2015: $1,188,931Net Income 2015: -$88,4942015Revenue 2016: $1,106,380Expenses 2016: $1,228,090Net Income 2016: -$121,7102016Revenue 2017: $1,169,146Expenses 2017: $1,366,355Net Income 2017: -$197,2092017Revenue 2018: $1,149,494Expenses 2018: $1,101,099Net Income 2018: $48,3952018Revenue 2019: $1,204,465Expenses 2019: $1,172,670Net Income 2019: $31,7952019Revenue 2020: $944,708Expenses 2020: $924,687Net Income 2020: $20,0212020Revenue 2021: $1,425,484Expenses 2021: $1,337,043Net Income 2021: $88,4412021Revenue 2022: $1,514,879Expenses 2022: $1,444,379Net Income 2022: $70,5002022Revenue 2023: $1,474,437Expenses 2023: $1,479,352Net Income 2023: -$4,9152023Revenue 2024: $1,470,188Expenses 2024: $1,526,538Net Income 2024: -$56,3502024

Highlighted filing

2021

Revenue$1,425,484
Expenses$1,337,043
Net Income$88,441
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 20, 2022
Return Version
2021v4.0
Gross Receipts
$1,425,484
Mission and Program Overview

Mission

Creates value for members by promoting the legislative interests of the industry, networking, educational opportunities, and protecting free enterprise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$121,752$122,126▲ $374
Accounts Receivable$42,303$79,376▲ $37,073
Cash and Non-Interest-Bearing Accounts$27,337$63,318▲ $35,981
Land, Buildings, and Equipment, Net$1,686$1,952▲ $266
Prepaid Expenses and Deferred Charges$6,124$600▼ $5,524
Total Assets$199,202$267,372▲ $68,170
Liabilities
Unsecured Notes Loans Payable$72,390$57,226▼ $15,164
Accounts Payable and Accrued Expenses$56,612$51,505▼ $5,107
Other Liabilities$166$166→ $0
Total Liabilities$129,168$108,897▼ $20,271
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,034$158,475▲ $88,441
Total Net Assets Fund Balance$70,034$158,475▲ $88,441
Total Liabilities and Net Assets / Fund Balance$199,202$267,372▲ $68,170

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,952$22,753$24,705
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric TerryPresidentFT$137,400$137,400
James WilsonVP of Ed & WFT$108,336$108,336

Board Members and Trustees

NameTitle
Beth EricksonChair
Frank BrunettoVice Chair
Catherine FoxDirector at
Jim WordsworthDirector at
Kevin AndersonDirector at
Steve HelmsDirector at
Barry Biggar2nd Past CHA
Brian WellsElected Dire
Kurt KrauseElected Dire
Nav PatelElected Dire
Paul CooperElected Dire
Bill DillonEx-officio,
Brad CappsEx-officio,
Chick JordanEx-officio,
Christopher SavvidesEx-officio,
David GrimmEx-officio,
Debbie DonehyEx-officio,
Gary BarlowEx-officio,
Graeme BisdeeEx-officio,
Hugh BartonEx-officio,
Jenifer JacksonEx-officio,
Jim CoppEx-officio,
Jimmy CappsEx-officio,
Julie AllenEx-officio,
Kal KassirEx-officio,
Mark CarrierEx-officio,
Michael SavvidesEx-officio,
Owen MatthewsEx-officio,
Randy ThompsonEx-officio,
Rhoda ElliottEx-officio,
Rita McclennyEx-officio,
Robert JeremiahEx-officio,
Terri HaackEx-officio,
Vinay PatelEx-officio,
Warren TeatesEx-officio,
Carey FriedmanExecutive Co
Mary FugereExecutive Co
Pete MadiganExecutive Co
Sarah WhiteExecutive Co
Gary CohenImmediate Pa
Tony StaffordSecretary
Russ CronbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$505,195
Program Service Revenue
$456,133
Investment Income
$384
Other Revenue
$463,772
All Other Contributions
$41,150
Change in Net Assets
$88,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,425,484
Total Revenue per Audited Statements
$1,425,484
Total Revenue per Form 990
$1,425,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$798,974
Salaries, Compensation, and Employee Benefits$538,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$286,603--$286,603
Conferences and Meetings$178,292--$178,292
Current Officers, Directors, Trustees, and Key Employees$137,400--$137,400
Office Expenses-$84,936-$84,936
Other Employee Benefits$62,662--$62,662
Fees for Services Lobbying$48,725--$48,725
All Other Expenses$34,946$7,875-$42,821
Payroll Taxes$42,072--$42,072
Fees for Services Accounting$34,891--$34,891
Other Expenses$29,593$167,528-$29,593
Travel$27,054--$27,054
Pension Plan Contributions$9,332--$9,332
Insurance-$2,853-$2,853
Depreciation Depletion-$2,174-$2,174
Interest-$417-$417
Total Functional Expenses$1,071,260$265,783$0$1,337,043

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,337,043
Total Expenses per Audited Statements$1,337,043
Total Expenses per Form 990$1,337,043
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$166
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Michael savvides christopher savvides ex-officio ex-officio brother brad capps jimmy capps imm past chr ex-offico brother

Form 990, Page 6, Part VI, Line 6

The association has members.

Form 990, Page 6, Part VI, Line 7A

A slate of officers and directors is presented to the membership for approval. All dues paying members of the association are eligible to vote on the slate. There is also an opportunity to add candidates for all positions prior to the voting.

Form 990, Page 6, Part VI, Line 7B

The governing body has limited ability to make decisions without the approval of the membership. The membership approves the annual budget which guides the financial decisions of the association. Any policy positions taekn by the association must be first approved by the membership. Any changes to the bylaws must be voted on by the membership.

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

The return is given to the executive committee to review after completion. Once they have made any changes they deem appropriate, the return is given to all board members. They have one week to respond with any comments. After that period of time, the return is filed.

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

Each board member is given a copy of the conflict of interest policy to read and sign at the first board meeting each year. Before each board meeting, the members are reminded of the conflict of interest policy and requested to notify the board if any issue arises that would be a violation of the policy if they participated in the discussion or the vote.

Form 990, Page 6, Part VI, Line 15A

A committee obtains information regarding the compensation for other organizations in the community which are of a similar size and structure. There is no one on the committee who is not associated with the association.

Form 990, Page 6, Part VI, Line 19

The organization makes the documents available upon request. The tax return is also available on guidestar.org.

Filing and Contact Details

Filer

Filer Name
Virginia Restaurant Lodging
EIN
54-1285571
Phone
8042883065
Address
5101 MONUMENT AVE SUITE 206, RICHMOND, VA 23230

Signing Officer

Name
Eric Terry
Title
President
Phone
8042883065
Signed
2022-06-20

Organization Details

Principal Officer
Eric Terry
Formed
1993
Legal Domicile
Va
Voting Board Members
44
Independent Board Members
44
Employees
7

Preparer

Firm
Robinson Farmer Cox Associates
Address
401 SOUTHLAKE BLVD, RICHMOND, VA 23236
Preparer
Aaron B Hawkins
Phone
8043784200
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.21$0.16$1.47$1.53$0.06
2023Summary only. Only limited summary data is available for this year.$0.33$0.11$0.22$1.47$1.48$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.13$0.22$1.51$1.44$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.11$0.16$1.43$1.34$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.13$0.07$0.94$0.92$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.17$0.05$1.20$1.17$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.16$0.02$1.15$1.10$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.38$0.03$1.17$1.37$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.15$0.17$1.11$1.23$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.18$0.20$1.10$1.19$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.20$0.29$1.30$1.11$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.25$0.10$0.82$0.85$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.17$0.14$0.88
2011Summary only. Only limited summary data is available for this year.$0.24$0.14$0.10$1.12$0.95$0.17
2010Summary only. Only limited summary data is available for this year.$0.19$0.25$0.07$0.79$0.77$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)6 • $1M-$5M nonprofits