Nonprofit · EIN 45-4884254
HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND
Tax-exempt · LOS ANGELES, CA 90015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,434,994 | $8,733,864 | -$1,298,870 | $25,004,921 | $1,868,364 | $23,136,557 |
| December 31, 2023 | 990 | $24,457,058 | $4,489,240 | $19,967,818 | $26,474,295 | $1,640,091 | $24,834,204 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,067,577
- of which government grants
- $4,184,647
- Program service revenue
- $1,181,998
- Investment income
- $714,755
- Net rental income
- $315,000
- Net gain from sales of assets
- $98,150
- Other revenue
- $470,664
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $424,346
- Other salaries and wages
- $2,981,947
- Salaries, compensation and benefits (total)
- $4,447,237
- Professional fundraising fees
- $0
- Legal fees
- $203,688
- Accounting fees
- $47,303
- Occupancy
- $481,120
- Travel
- $7,411
- Depreciation
- $241,058
- Program services (functional)
- $6,931,997
- Management and general (functional)
- $1,801,867
Balance sheet and other
- Total assets, start of year
- $26,474,295
- Total assets, end of year
- $25,004,921
- Total liabilities, end of year
- $1,868,364
- Net assets, end of year
- $23,136,557
- Land, buildings and equipment
- $12,938,167
- Publicly traded securities
- $9,441,657
- Gross receipts
- $58,831,205
- Employees
- 54
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADINE FORMAN | EXECUTIVE DIRECTOR Officer | 40 | $156,353 | $86,125 |
| AARON GREENBERG | DEPUTY DIRECTOR Highest-paid employee | 40 | $161,207 | $30,662 |
| MITCHELL FRIEDER | DIR FOOD & BEV TRAINING Highest-paid employee | 40 | $184,698 | $6,236 |
| JORGE E GALVEZ | DIRECTOR OF FINANCE Officer | 40 | $144,892 | $36,976 |
| ADRINEH TERANTONIANS | DIRECTOR WORKFORCE SYSTEMS Highest-paid employee | 40 | $161,657 | $6,264 |
| STEPHANIE KOONTZ | DIRECTOR Highest-paid employee | 40 | $118,948 | $25,652 |
| DANIEL HAROLD | CULINARY INSTRUCTOR Highest-paid employee | 40 | $90,732 | $22,473 |
| SUSAN MINATO | CHAIR, UNION TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JAIME CLOUGH | SECRETARY, EMPLOYER TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| KURT PETERSON | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARINE MANSOORIAN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEATRIZ TOPETE | UNION TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| DYLAN DANEY | UNION TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| AUSTIN LYNCH | UNION TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| DAN STIMMLER | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE GAUL | EMPLOYER TRUSTEE Trustee or director | 1 | $0 |
| JAVIER CANO | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 |
| LARRY LABRADO | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 |
| LEA NISSEN | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADINE FORMAN | EXECUTIVE DIRECTOR Officer | 40 | $238,262 | $78,937 |
| JORGE E GALVEZ | DIRECTOR OF FINANCE Officer | 40 | $162,791 | $35,511 |
| MADELEINE BRAND | PROGRAMS DIRECTOR Highest-paid employee | 40 | $152,050 | $28,941 |
| MITCHELL FRIEDER | DIR FOOD & BEV TRAINING Highest-paid employee | 40 | $145,750 | $3,702 |
| DANIEL HAROLD | CULINARY INSTRUCTOR Highest-paid employee | 40 | $105,832 | $21,116 |
| SUSAN MINATO | CHAIR, UNION TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JAIME CLOUGH | SECRETARY, EMPLOYER TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| JAVIER CANO | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| DYLAN DANEY | UNION TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| FRANCIS ENGLER | UNION TTEE ALT(THRU 11/2/2023) Trustee or director | 1 | $0 | $0 |
| MICHELE GAUL | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| LARRY LABRADO | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| KARINE MANSOORIAN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEA NISSEN | EMPLOYER TRUSTEE (ALTERNATE) Trustee or director | 1 | $0 | $0 |
| KURT PETERSEN | UNION TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAN STIMMLER | EMPLOYER TRUSTEE Trustee or director | 1 | $0 | $0 |
| BEATRIZ TOPETE | UNION TRUSTEE ALT Trustee or director | 1 | $0 | $0 |
| AUSTIN LYNCH | UNION TTEE ALT (EFF 11/2/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1150 SOUTH OLIVE STREET, LOS ANGELES, CA 90015-2211
- In care of
- % BENEFIT PROGRAMS ADMIN
- Principal officer (990 for 2024)
- JORGE E GALVEZ, 8383 WILSHIRE BLVD STE 220, BEVERLY HILLS, CA 90211
- Signed the 990
- JORGE E GALVEZ, DIRECTOR OF FINANCE
- Phone
- (310) 597-1898
- Return prepared by
- WITHUMSMITHBROWNPC
California records
California keeps its own records of charities and corporations. Search them by EIN 45-4884254 or by the name HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TRAINING INDIVIDUALS WORKING OR DESIRING TO WORK IN THE HOSPITALITY INDUSTRY AND OTHER PROGRAMS DESCRIBED IN THE TRUST.
Program accomplishments
- THE TRUST PROVIDES TRAINING AND EDUCATION TO ELIGIBLE WORKERS IN THE HOTEL AND RESTAURANT INDUSTRIES.Expenses $6,931,997 · revenue $1,337,662
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4884254
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $25,004,921
- Income (IRS master file)
- $58,831,205
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,434,994 | $8,733,864 | $25,004,921 | XML |
| 990 | December 2023 | $24,457,058 | $4,489,240 | $26,474,295 | XML |
| 990 | December 2022 | $4,635,663 | $4,765,689 | $4,875,109 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4884254).
Questions about HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND
- What is the EIN of HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND?
- The employer identification number (EIN) of HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND is 45-4884254.
- Is HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND?
- The 990 for the year ended December 31, 2024 names JORGE E GALVEZ.
- Who are the officers and directors of HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND?
- The 990 for the year ended December 31, 2024 lists 19 people; 7 received compensation from the organization, the highest $156,353 (ADINE FORMAN, EXECUTIVE DIRECTOR).
- How much revenue does HOSPITALITY INDUSTRY TRAINING AND EDUCATION FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,434,994, expenses of $8,733,864 and total assets of $25,004,921 at year end.
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