Civic Intelligence

Hotel and Restaurant Foundation

990 • Fiscal year 2014 • EIN 94-6079012

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

Organization ProfileHOSPITALITYSCHOLARSHIPS.ORG
588 Sutter St Box 12394102

(415) 999-7433

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

72nd percentile

0.37x

Higher debt load relative to revenue than 72% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

66th percentile

7.7%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$3,139,408

Up $223,230 (+7.7%) from 2013

Net Assets

Up

$3,037,363

Up $235,687 (+8.4%) from 2013

Liabilities

Down

$102,045

Down $12,457 (-11%) from 2013

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin74th percentile

Revenue

$278,788

No earlier filing loaded for comparison.

Expenses

Down

$237,031

Down $27,328 (-10%) from 2013

Net Income

$41,757

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,959,918Liabilities 2011: $115,564Net Assets 2011: $2,844,3542011Assets 2012: $2,868,888Liabilities 2012: $116,394Net Assets 2012: $2,752,4942012Assets 2013: $2,916,178Liabilities 2013: $114,502Net Assets 2013: $2,801,6762013Assets 2014: $3,139,408Liabilities 2014: $102,045Net Assets 2014: $3,037,3632014Assets 2015: $3,205,491Liabilities 2015: $154,772Net Assets 2015: $3,050,7192015Assets 2016: $3,071,132Liabilities 2016: $137,491Net Assets 2016: $2,933,6412016Assets 2017: $3,095,941Liabilities 2017: $132,927Net Assets 2017: $2,963,0142017Assets 2018: $3,040,849Liabilities 2018: $1,500Net Assets 2018: $3,039,3492018

Highlighted filing

2014

Assets$3,139,408
Liabilities$102,045
Net Assets$3,037,363
Open 2014 Filing

Operations Trend

Revenue Growth88th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $156,566Expenses 2011: $243,434Net Income 2011: -$86,8682011Revenue 2012: $119,901Expenses 2012: $252,149Net Income 2012: -$132,2482012Expenses 2013: $264,3592013Revenue 2014: $278,788Expenses 2014: $237,031Net Income 2014: $41,7572014Revenue 2015: $485,412Expenses 2015: $327,588Net Income 2015: $157,8242015Revenue 2016: $262,742Expenses 2016: $357,340Net Income 2016: -$94,5982016Revenue 2017: $318,629Expenses 2017: $324,683Net Income 2017: -$6,0542017Revenue 2018: $487,434Expenses 2018: $144,079Net Income 2018: $343,3552018

Highlighted filing

2014

Revenue$278,788
Expenses$237,031
Net Income$41,757
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$1,070,760
Mission and Program Overview

Mission

To provide educational grants to students in hotel and restaurant programs in community colleges and four year colleges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,611,336$2,926,440▲ $315,104
Savings and Temporary Cash Investments$303,928$204,271▼ $99,657
Cash and Non-Interest-Bearing Accounts$914$8,697▲ $7,783
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,916,178$3,139,408▲ $223,230
Other Assets Total-$0-
Liabilities
Grants Payable$114,502$102,045▼ $12,457
Total Liabilities$114,502$102,045▼ $12,457
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,177,522$2,302,623▲ $125,101
Temporarily Rstr Net Assets$614,924$578,130▼ $36,794
Unrestricted Net Assets$9,230$156,610▲ $147,380
Total Net Assets Fund Balance$2,801,676$3,037,363▲ $235,687
Total Liabilities and Net Assets / Fund Balance$2,916,178$3,139,408▲ $223,230

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,543$2,543
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Michael PacePresident
Elliot KatzVice President
Aimee SugitaDirector
Bimal PatelDirector
Chad OlsenDirector
Francisco CarrascoDirector
Heather Cunha PetersonDirector
Jim AbramsDirector
Kevin CarrollDirector
Mark LucasDirector
Obadiah OstergardDirector
Oscar RodriguezDirector
Paul FrentsosDirector
Roger HuldiDirector
John C LoveExec Secretary
Tom CostelloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,500
Program Service Revenue
$0
Investment Income
$195,359
Other Revenue
$36,929
All Other Contributions
$46,500
Change in Net Assets
$41,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$137,768
Other Expenses$99,263
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$137,768--$137,768
Fees for Services Other-$39,996-$39,996
Other Expenses$3,313$2,910-$2,910
Fees for Services Accounting-$2,000-$2,000
All Other Expenses-$876-$876
Office Expenses-$484-$484
Total Functional Expenses$170,719$66,312$0$237,031
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John LoveOfficerProfessional ServicesNo$39,996

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The executive secretary reviews the form 990 and compares it to the annual financial statements. The executive secretary notifies the board of directors that the return is available for their review after the return is signed by an autorized officer.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“These documents are not available to the general public”

Filing and Contact Details

Filer

EIN
94-6079012
Phone
4159997433

Signing Officer

Name
John C Love
Title
Exec Secretary
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pace
Formed
1948
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
40

Preparer

Preparer
Joe Huie
Phone
4154215378
Raw XML AppendixShowing 400 of 505 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfficerNm0MICHAEL PACE
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II, Line 17b--THE HOTEL AND RESTAURANT FOUNDATION WAS FORMED IN 1948 FOR THE PURPOSE OF PROMOTING AND SUPPORTING THE ASPIRATIONS OF THE HOTEL AND RESTAURANT DEPARTMENT AT CITY COLLEGE OF SAN FRANCISCO. IN 1976 ITS MISSION WAS EXPANDED TO PROVIDE SUPPORT TO OTHER HOSPITALITY PROGRAMS THROUGHOUT THE STATE. TODAY THE FOUNDATION IS ONE OF THE LARGEST HOSPITALITY SCHOLARSHIP GRANTING ORGANIZATIONS IN THE COUNTRY. IN 1964, THE FOUNDATION, THROUGH GIFTS IT RECEIVED, WAS ABLE TO COMPLETE THE ELLSWORTH M.STATLER WING OF SMITH HALL AT CITY COLLEGE OF SAN FRANCISCO WHICH PROVIDES STUDENTS WITH CLASSROOMS, COOKING LABORATORIES, A LIBRARY AND FACULTY DINING ROOM FOR WORK EXPERIENCE. THE CULINARY ARTS AND HOSPITALITY STUDIES IS THE ONLY DEPARTMENT AT SAN FRANCISCO CITY COLLEGE THAT HAS ITS VERY OWN LIBRARY, THE ALICE STATLER LIBRARY, ESTABLISHED BY THE FOUNDATION WHICH IS ALSO OPEN TO THE GENERAL PUBLIC. THE HOTEL AND RESTAURANT FOUNDATION EXISTS TO RAISE MONEY TO PROMOTE AND SUPPORT HOSPITALITY MANAGEMENT AND CULINARY ARTS EDUCATION THROUGH THE GRANTING OF SCHOLARSHIPS AND FUNDS TO STUDENTS IN HOTEL AND RESTAURANT PROGRAMS IN COMMUNITY COLLEGES AND FOUR YEAR COLLEGES IN CALIFORNIA. THE FOUNDATION ALSO PROVIDES BOOKS AND EQUIPMENT FOR THE ALICE STATLER LIBRARY AT CITY COLLEGE OF SAN FRANCISCO. THE FOUNDATION ANNUALLY HOLDS A DINNER AND AWARDS CEREMONY, A CAREER FAIR, AND NETWORKING SESSIONS. REVENUES FROM INVESTED ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS TO HOTEL AND RESTAURANT STUDENTS ATTENDING THE UNIVERSITY OF SAN FRANCISCO, CITY COLLEGE OF SAN FRANCISCO, SAN FRANCISCO STATE UNIVERSITY, SANTA BARBARA CITY COLLEGE AND CAL POLY POMONA. THE HOTEL AND RESTAURANT FOUNDATION'S GOVERNING BODY COMPRISES OF INDIVIDUALS IN VARIOUS HOSPITALITY MANAGEMENT POSITIONS IN THE HOTEL AND RESTAURANT INDUSTRIES. IT'S ADVISORY COUNCIL INCLUDES REPRESENTATIVES FROM COLLEGES AND UNIVERSITIES THROUGHOUT THE STATE.
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,139,408
Liabilities
$102,045
Net assets
$3,037,363
Revenue
$278,788
Expenses
$237,031
Net income
$41,757
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.49$0.14$0.34
2017Detailed filing. Detailed filing data is available for this year.$3.10$0.13$2.96$0.32$0.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.07$0.14$2.93$0.26$0.36$0.09
2015Detailed filing. Detailed filing data is available for this year.$3.21$0.15$3.05$0.49$0.33$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.14$0.10$3.04$0.28$0.24$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.11$2.80$0.26
2012Summary only. Only limited summary data is available for this year.$2.87$0.12$2.75$0.12$0.25$0.13
2011Summary only. Only limited summary data is available for this year.$2.96$0.12$2.84$0.16$0.24$0.09
Peer Organizations

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