SOCIETY FOR HOSPITALITY AND FOODSERVICE MANAGEMENT FOUNDATION INC

EIN: 562616159 501(c)(3) Education

LOUISVILLE, KY

Total Revenue
$-16,650
Total Expenses
$20,976
Total Assets
$216,730
Net Assets
$213,856
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DE
Principal Officer
TONY BUTLER
Phone
5025749021
Tax Period
2024-01-01 to 2024-12-31

SOCIETY FOR HOSPITALITY AND FOODSERVICE MANAGEMENT FOUNDATION INC, founded in 2007, is a micro nonprofit in the Education sector that reported $17K in total revenue in fiscal year 2024. Revenue fell 218% from the prior year — a significant decline worth monitoring.

Mission

TO DEVELOP THE NEXT GENERATION OF DIVERSE HOSPITALITY PROFESSIONALS BY EMPOWERING INDIVIDUALS THROUGH AWARENESS, EDUCATION AND RELATIONSHIP BUILDING.

Program Service Accomplishments

Program 1
Expenses: $32,784

FELLOWSHIP PROGRAM: THROUGH AN APPLICATION PROGRAM, THE SHFM FOUNDATION WILL SELECT AND PAIR STUDENTS AND MILITARY MEMBERS FROM OUR AFFILIATES WITH LEADERS WITHIN SHFM. PARTICIPANTS FROM THE...

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FELLOWSHIP PROGRAM: THROUGH AN APPLICATION PROGRAM, THE SHFM FOUNDATION WILL SELECT AND PAIR STUDENTS AND MILITARY MEMBERS FROM OUR AFFILIATES WITH LEADERS WITHIN SHFM. PARTICIPANTS FROM THE FELLOWSHIP PROGRAM WILL BE PROVIDED ADMISSION TO THE NATIONAL CONFERENCE EVENT ON BEHALF OF THE FOUNDATION.ADDITIONALLY, FELLOWSHIP PROGRAM PARTICIPANTS WILL BE ABLE TO ATTEND ONE ADDITIONAL SHFM EVENT DURING THE YEAR (INCLUDING: YOUNG PROFESSIONAL SUMMIT AND CRITICAL ISSUES CONFERENCE. THE FELLOW AND MENTOR WILL MEET AT THESE EVENTS, IF BOTH ARE IN ATTENDANCE. THE MEETING WILL BE FACILITATED BY STUDENT AFFILIATION CHAIR AND FOUNDATION CHAIR PRIOR TO EVENT START. THE FELLOW WILL ALSO BE GIVEN A ONE-YEAR SHFM MEMBERSHIP.

Program 2
Expenses: $10,500

SCHOLARSHIP PROGRAM - THE SHFM FOUNDATION RECOGNIZES THE ROLE THAT MICHIGAN STATE UNIVERSITY PROFESSOR TIMOTHY MEHLBERG HAS PLAYED IN THE DEVELOPMENT OF THE STUDENT CHAPTER PROGRAM, THE HIGHER...

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SCHOLARSHIP PROGRAM - THE SHFM FOUNDATION RECOGNIZES THE ROLE THAT MICHIGAN STATE UNIVERSITY PROFESSOR TIMOTHY MEHLBERG HAS PLAYED IN THE DEVELOPMENT OF THE STUDENT CHAPTER PROGRAM, THE HIGHER EDUCATION AFFILIATIONS, AND THE OVERALL PRESENCE OF STUDENTS WITH THE ORGANIZATION. THE FOUNDATION HAS LAUNCHED AN EDUCATIONAL GRANT PROGRAM IN HIS HONOR, TO BE AWARDED TO (2) UNIVERSITIES. AWARDED ON A YEARLY BASIS, THE PROGRAM WILL AWARD UP TO $5,000 TO EACH SELECTED SCHOOL BASED UPON AN APPLICATION PROCESS.

Program 3
Expenses: $7,604

HENNESSY TRAVELER PROGRAM: PROMOTE EDUCATIONAL OPPORTUNITIES FOR MEMBERS OF THE U. S. ARMED FORCES SERVING IN HOSPITALITY ASSIGNMENTS. THE PROGRAM PROVIDES ENCOURAGEMENT AND SUPPORT FOR THOSE MEMBERS...

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HENNESSY TRAVELER PROGRAM: PROMOTE EDUCATIONAL OPPORTUNITIES FOR MEMBERS OF THE U. S. ARMED FORCES SERVING IN HOSPITALITY ASSIGNMENTS. THE PROGRAM PROVIDES ENCOURAGEMENT AND SUPPORT FOR THOSE MEMBERS OF THE U.S. ARMED FORCES WHO HAVE AN INTEREST IN PURSUING CAREER OPPORTUNITIES IN FOODSERVICE HOSPITALITY UPON THEIR DEPARTURE FROM MILITARY SERVICE. THE PARTNERSHIP OF CIVILIAN FOODSERVICE ORGANIZATIONS LIKE SHFM IS INVALUABLE TO THE MEN AND WOMEN IN UNIFORM THAT BENEFIT FROM OUR CAREER MENTORSHIP AND ONGOING ADVICE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $750
Program Service Revenue $0
Investment Income $12,736
Other Revenue $-30,136
TOTAL REVENUE $-16,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $64,832
Other Expenses $20,976
TOTAL EXPENSES $20,976

Year-over-Year Comparison

2024 2023 Change
Revenue $-16,650 $14,101 -2.2%
Expenses $20,976 $18,283 +0.1%
Net Income $-37,626 $-4,182 +8.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVIN WICKSTROM CHAIR 1.00
Officer Director
$0 $0 $0
CRYSTAL HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
JESSICA ZUCKER DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE GILBERT DIRECTOR 1.00
Director
$0 $0 $0
NAHUM GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
AMY FRANKS DIRECTOR 1.00
Director
$0 $0 $0
CURTIS LEASE DIRECTOR 1.00
Director
$0 $0 $0
MATT RIGNEY DIRECTOR 1.00
Director
$0 $0 $0
ROB GORDON DIRECTOR 1.00
Director
$0 $0 $0
JOE ESTEVES DIRECTOR 1.00
Director
$0 $0 $0
JULIA FRY STUDENT ADVISOR 1.00
Officer Director
$0 $0 $0
TONY BUTLER EXECUTIVE DIRECTOR 8.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $-16,650 $20,976 $216,730 $-37,626
2023 $14,101 $18,283 $252,372 $-4,182
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