HOSPITALITY FINANCIAL AND TECHNOLOGY PROFESSIONALS FOUNDATION Charity Report

Public IRS 990 nonprofit record

HOSPITALITY FINANCIAL AND TECHNOLOGY PROFESSIONALS FOUNDATION

EIN 83-2255073 · Professional Societies & Associations - Community Improvement & Capacity Building (S03)

What they do

-PROVIDE OPPORTUNITIES for THE EXCHANGE of EXPERTISE, EXPERIENCES and OPINIONS THROUGH COMMUNICATIONS for HOSPITALITY and TRAVEL PROFESSIONALS-CREATE STUDIES and SURVEYS for THE PURPOSE of DISSEMINATING INFORMATION RELATED to HOSPITALITY and TRAVEL-CONDUCT RESEARCH RELATING to HOSPITALITY and TRAVEL for INDUSTRY-WIDE UTILIZATION and BY THE GENERAL PUBLIC-PROVIDE INFORMATION and KNOWLEDGE to PRACTITIONERS and OTHERS IN THE HOSPITALITY and TRAVEL COMMUNITY and THE GENERAL PUBLIC-ACQUIRE, PRESERVE and DISSEMINATE DATA and INFORMATION IN THE FIELD of HOSPITALITY and TRAVEL-COOPERATE WITH COUNTERPART ORGANIZATIONS IN THE HOSPITALITY and TRAVEL INDUSTRIES-PROVIDE SCHOLARSHIPS for STUDENTS PURSUING A DEGREE IN HOSPITALITY and TRAVEL-PROVIDE FUNDING for INDIVIDUALS and ORGANIZATIONS for RESEARCH or EDUCATIONAL PROJECTS FOCUSING ON THE HOSPITALITY and TRAVEL INDUSTRIES-PROMOTE KNOWLEDGE and UNDERSTANDING AMONG THE GENERAL PUBLIC of THE HOSPITALITY and TRAVEL INDUSTRIES

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

98.97%of revenue went to mission work95.1% of expenses · Program services

$104.04spent for every $100 of revenueSpending was higher than revenue this year.

$2.95in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,021 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$25,260

Mission workProgram services$25,00098.97% of revenue95.1% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$26,281104.04% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 95.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 104.04% of revenue

2022Expense mix: 93.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 53.84% of revenue

2021Expense mix: 97.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 173.17% of revenue

2020Expense mix: 94.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 160.01% of revenue

2019Expense mix: 95.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.16% of revenue

2018Expense mix: 70.5% mission · 29.5% management · 0.0% fundraisingTotal expenses: 60.22% of revenue

Money in and money out

Revenue$25,260

Expenses$26,281

Annual shortfall $1,021 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,000 · 95.1% of expenses

See all reported dollar amounts

Revenue$25,260

Expenses$26,281

Assets$77,434

Income$25,260

Contributions$25,260

Mission work (program services)$25,000

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

ANDREW BUWALDATREASURER

BARRY THOMASSECRETARY

FRANK I WOLFECEO

JAMES BINAVICE PRESIDENT

JUSTIN TAILLONPRESIDENT

STEPHANIE ANDERSONIMMEDIATE PAST PRESIDENT

THOMAS ATZENHOFERDEPUTY CEO

About this charity

Recognized since: January 2019
Location: 7301 RANCH ROAD 620 N STE 155-193, AUSTIN, TX 78726-4537
County: Travis
In care of: % FRANK WOLFE
Primary officer: THOMAS ATZENHOFER, DEPUTY CEO

How to reach them

WebsiteVisit the charity’s website Phone(512) 249-5333

Filing and classification

Latest tax year: 2023
Tax period began: November 1, 2023
Return type: 990EZ
Tax preparer: ATCHLEY & ASSOCIATES LLP
NTEE classification: Professional Societies & Associations - Community Improvement & Capacity Building (S03)
IRS tax category: Professional Societies & Associations