CALIFORNIA RESTAURANT FOUNDATION INC

EIN: 953676330 501(c)(3) Unknown

SACRAMENTO, CA

Total Revenue
$5,529,066
Total Expenses
$4,662,514
Total Assets
$8,842,213
Net Assets
$8,647,375
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Principal Officer
JOT CONDIE
Phone
9164475793
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA RESTAURANT FOUNDATION INC, founded in 1981, is a community nonprofit in the Unknown sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $867K, a strong 16% operating margin.

Mission

THE MISSION OF THE CALIFORNIA RESTAURANT FOUNDATION, INC. IS TO PROMOTE THE PROSPERITY OF THE FOODSERVICE INDUSTRY BY INVESTING IN OUR YOUTH AND OUR WORKFORCE. WE'RE COOKING UP STRONG COMMUNITIES IN CALIFORNIA BY INVESTING IN THE PEOPLE AT THE HEART OF OUR RESTAURANT INDUSTRY. A NONPROFIT ORGANIZATION FOUNDED IN 1981, CRF CHANGES LIVES THROUGH RESTAURANTS. WE EMPLOYE YOUNG PEOPLE WITH THE SKILLS THEY NEED TO LAND A JOB AND GO TO COLLEGE. WE PROVIDE FOOD AND BEVERAGE WORKERS WITH RELIEF GRANTS AND PEACE OF MIND DURING AN UNFORSEEN CRISIS. (1) THROUGH THE SCHOOL TO CAREER CULINARY PROGRAMS (PROSTART) AT THE HIGH SCHOOL LEVEL, AND (2) BY GIVING DESERVING HIGH SCHOOL AND RETURNING CULINARY COLLEGE STUDENTS SCHOLARSHIPS TO HELP EASE THE BURDEN OF COLLEGE TUITION AND OTHER EXPENSES. CRF CARES FOR THE CURRENT FOODSERVICE WORKFORCE THROUGH FINANCIAL ASSISTANCE GRANTS FOR RESTAURANT WORKERS FACING AN UNFORSEEN HARDSHIP THROUGH RESTAURANTS CARE. IN ADDITION, CRF PROVIDES GRANTS FOR SMALL RESTAURANTS TO BUILD RESILIENCE AND THRIVE.

Program Service Accomplishments

Program 1
Expenses: $178,174

EDUCATIONAL ASSISTANCE THROUGH SCHOLARSHIPS FOR STUDENTS INTERESTED IN THE RESTAURANT AND HOSPITALITY INDUSTRIES.

Program 2
Expenses: $412,561 Revenue: $8,057

CREATE A BRAND OF EXCELLENCE IN TRAINING FOR HOSPITALITY INDUSTRY JOBS BY SUPPORTING PROSTART PROGRAMS THROUGH THE STATE OF CALIFORNIA IN HIGH SCHOOLS. TO CREATE A NEW GENERATION OF RESTAURATEURS BY...

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CREATE A BRAND OF EXCELLENCE IN TRAINING FOR HOSPITALITY INDUSTRY JOBS BY SUPPORTING PROSTART PROGRAMS THROUGH THE STATE OF CALIFORNIA IN HIGH SCHOOLS. TO CREATE A NEW GENERATION OF RESTAURATEURS BY FUELING A DESIRE IN YOUNG PEOPLE TO ENTER THE RESTAURANT COMMUNITY.NATIONALLY, PROSTART IS RECOGNIZED AS THE INDUSTRY-BACKED TRAINING FOR HIGH SCHOOL CULINARY ARTS PROGRAMS. THE CALIFORNIA RESTAURANT FOUNDATION PROVIDES CULINARY AND HOSPITALITY TRAINING AND CAREER OPPORTUNITIES TO THOUSANDS OF STUDENTS IN PUBLIC HIGH SCHOOLS ACROSS THE STATE. PROSTART'S JOB READINESS TRAINING BRIDGES THE GAP BETWEEN EDUCATION AND EMPLOYMENT. THIS BRIDGE IS CRITICAL FOR YOUTH FROM ALL BACKGROUNDS, BUT ESPECIALLY FOR THOSE WHO ARE FIRST GENERATION COLLEGE BOUND AND LOW-INCOME. VOCATIONAL TRAINING (ALSO KNOWN AS CAREER AND TECHNICAL EDUCATION CTE) PROGRAMS PROVIDE PRACTICAL SKILLS THAT ARE DIRECTLY TRANSFERABLE TO VARIOUS INDUSTRIES, INCLUDING TIME MANAGEMENT, TEAMWORK AND COLLABORATION, AND CREATIVE THINKING. THESE BENEFITS ARE CRITICAL FOR THE STUDENTS WE SERVE. PROSTART ENCOURAGES STUDENTS TO DEVELOP THEIR UNIQUE PASSIONS, INTERESTS, AND ABILITIES, WHETHER THAT'S IN THE CULINARY ARTS AND HOSPITALITY, OR ANOTHER FIELD ENTIRELY. WHILE WE HOPE TO INSPIRE THE NEXT GENERATION OF PASSIONATE FOOD SERVICE PROFESSIONALS, WE ARE MORE FOCUSED ON REMINDING STUDENTS EARLY (STARTING IN 9TH GRADE) AND OFTEN (THROUGHOUT ALL FOUR YEARS OF HIGH SCHOOL) THAT THEY CAN DO ANYTHING THEY SET THEIR MINDS TO. WHEN INCOME DOES NOT DETERMINE WHAT OPPORTUNITIES ARE AVAILABLE TO OUR YOUTH, THE WORLD BECOMES MORE EQUITABLE AND THE POSSIBILITIES FOR SUCCESS ARE ENDLESS. CRF SUPPORTS TOMORROW'S CULINARY TALENT AND RESTAURANT BUSINESS LEADERS AND PROMOTES WORKFORCE ENRICHMENT PROGRAMS.IN ADDITION, OUT OF TWENTY CURRENT 9TH GRADERS, SIX WILL DROP OUT OF HIGH SCHOOL, SIX WILL GO DIRECTLY TO WORK AFTER HIGH SCHOOL AND EIGHT WILL BECOME COLLEGE FRESHMEN. DROPPING OUT OF HIGH SCHOOL IS RELATED TO A NUMBER OF NEGATIVE OUTCOMES. DROPOUTS ARE LESS LIKELY TO BE IN THE LABOR FORCE THAN THOSE WITH A HIGH SCHOOL CREDENTIAL. STUDENTS ARE MOTIVATED TO STAY IN SCHOOL AND GRADUATE BECAUSE: THEY WANT TO BE SUCCESSFUL IN LIFE; THEY WANT TO HAVE A GOOD JOB; THEY WANT TO ATTEND COLLEGE; AND, THEY WANT TO BE GOOD ROLE MODELS FOR THEIR PARENTS AND SIBLINGS. THE PROSTART PROGRAM OF CRF IS DESIGNED TO CAPTURE THE INTEREST AND ENGAGE THE MINDS OF YOUNG PEOPLE WHO MIGHT OTHERWISE BE STRUGGLING STAYING IN SCHOOL. LEARNING THE CULINARY AND MANAGEMENT SKILLS TAUGHT BY OUR PROSTART CLASS PROVIDES PRACTICAL SKILLS FOR SUCCESS.CRF SERVES 140 PROSTART PROGRAMS WITH 13,500 STUDENTS. 50% OF PROSTART STUDENTS SURVEYED SAID PROSTART IS A MAJOR REASON WHY THEY COME TO SCHOOL EVERY DAY. 91% OF PROSTART STUDENTS CREDIT PROSTART FOR TEACHING THEM JOB READINESS SKILLS. THROUGH CRF/PROSTART EVENTS 73% OF STUDENTS FEEL BETTER PREPARED TO APPLY FOR COLLEGE AND 36% ARE MORE LIKELY TO STUDY HOSPITALITY MANAGEMENT/CULINARY.

Program 3
Expenses: $3,881,356

RESTAURANTS CARE LAUNCHED IN 2017 TO PROVIDE RELEIF GRANTS TO FOOD AND BEVERAGE WORKERS FACING UNFORSEEN HARDSHIP. BY HELPING WITH GRANTS FOR BASIC NEEDS DUE TO INJURY, ILLNESS, ACCIDENT, FAMILY...

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RESTAURANTS CARE LAUNCHED IN 2017 TO PROVIDE RELEIF GRANTS TO FOOD AND BEVERAGE WORKERS FACING UNFORSEEN HARDSHIP. BY HELPING WITH GRANTS FOR BASIC NEEDS DUE TO INJURY, ILLNESS, ACCIDENT, FAMILY DEATH OR NATURAL DISASTER, CRF UNITES THE INDUSTRY TO AWARD CRISIS GRANTS TO MEMBERS OF CALIFORNIA'S RESTAURANT AND HOSPITALITY COMMUNITY. CRF PROVIDES A SUPPORT NETWORK OF RESOURCES FOR ADDITIONAL ASSISTANCE TO FOOD AND BEVERAGE WORKERS. RESTAURANTS CARE IS A SAFETY NET FOR THOSE AT THE HEART OF RESTAURANTS AND FOODSERVICE. IN 2021 CRF EXPANDED RESTAURANTS CARE TO PROVIDE RESILIENCE GRANTS TO SMALL INDEPENDENT RESTAURANTS WITH A PRIORITY GIVEN TO PEOPLE OF COLOR AND WOMEN-OWNED RESTAURANTS. SINCE 2017 RESTAURANTS CARE HAS AWARDED 2200 GRANTS TO INVIVIDUALS AND SINCE 2021 THROUGH THE RESILIENCE FUND 1325 RESTAURANTS HAVE RECEIVED GRANTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,150,314
Program Service Revenue $8,000
Investment Income $389,239
Other Revenue $-18,487
TOTAL REVENUE $5,529,066

Expense Breakdown

Grants Paid $3,880,480
Salaries & Benefits $495,707
Fundraising Expenses $21,569
Program Expenses $4,472,091
Other Expenses $286,327
TOTAL EXPENSES $4,662,514

Year-over-Year Comparison

2023 2022 Change
Revenue $5,529,066 $3,205,829 +0.7%
Expenses $4,662,514 $2,444,683 +0.9%
Net Income $866,552 $761,146 +0.1%
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
25
Independent Members
25
Employees
N/A
Volunteers
225

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
6
$700,742
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT BERGLUND CHAIR 0.50
Officer Director
$0 $0 $0
WAYNE HILSTON FIRST VICE CHAIR 0.50
Officer Director
$0 $0 $0
FRED GLICK SECOND VICE CHAIR 0.50
Officer Director
$0 $0 $0
MICHELE LANGE IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
KATHY ALCARAS MEMBER 0.50
Director
$0 $0 $0
THEODORE J BALESTRERI II MEMBER 0.50
Director
$0 $0 $0
DAVID BARRETT MEMBER 0.50
Director
$0 $0 $0
SHAUN BEARD MEMBER 0.50
Director
$0 $0 $0
SCOTT BLANCHARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL BRENNAN MEMBER 0.50
Director
$0 $0 $0
KRISTEN DAHER MEMBER 0.50
Director
$0 $0 $0
ROB DELIEMA MEMBER 0.50
Director
$0 $0 $0
SALVADOR FALCON MEMBER 0.50
Director
$0 $0 $0
ALEXANDRA GAFFAN MEMBER 0.50
Director
$0 $0 $0
JEAN HAGAN MEMBER 0.50
Director
$0 $0 $0
DOLORES C JACKSON MEMBER 0.50
Director
$0 $0 $0
ALICE JUAREZ MEMBER 0.50
Director
$0 $0 $0
AMANDA LACHER MEMBER 0.50
Director
$0 $0 $0
ROSHAN MENDIS MEMBER 0.50
Director
$0 $0 $0
ERIN MERRITT MEMBER 0.50
Director
$0 $0 $0
ANDREW MICHAELSON MEMBER 0.50
Director
$0 $0 $0
KELLAI O'BRIAN MEMBER 0.50
Director
$0 $0 $0
PIA TINSLEY MEMBER 0.50
Director
$0 $0 $0
MAUREEN TRIPPE MEMBER 0.50
Director
$0 $0 $0
ANTHONY J ZALLER MEMBER 0.50
Director
$0 $0 $0
JOT CONDIE PRESIDENT + CEO 4.00
Officer
$52,962 $15,675 $545,295
ALYCIA HARSHFIELD EXECUTIVE DIRECTOR 40.00
Officer
$131,326 $24,121 $155,447
ERIN MASCHO DIR CORP DEVELOP 40.00
Highest
$100,366 $13,373 $113,739
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 No data No data No data No data
2023 $5,529,066 $4,662,514 $8,842,213 $866,552
2022 $3,205,829 $2,444,683 $7,674,969 $761,146
2021 $3,189,997 $1,937,343 $7,888,115 $1,252,654
2020 $1,728,645 $1,319,151 $6,605,855 $409,494
2019 $1,101,107 $994,612 $5,793,205 $106,495
2018 $3,865,670 $1,058,032 $5,171,603 $2,807,638
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