| Form 990, Part III, Line 2 |
During 2016, the NRAEF began providing educational opportunities for members of the United States Armed Forces serving in hospitality assignments and provides assistance to those members of the United States Armed Forces who have an interest in pursuing career opportunities in the hospitality industry upon their departure from military service. |
| Form 990, Part VI, Section A, Line 2 |
The National Restaurant Association Educational Foundation has more than 30 board members. For operating purposes, the Organization presumes that some of those board members, from time to time, may have family or business relationships with other board members. The Organization does not solicit, collect or maintain any formal records of family or business relationships that directors may have with each other, however, the officers, key employees, and voting board members of the Organization are required to submit conflict of interest disclosure statements on an annual basis. Where a board member has disclosed a family or business relationship with another board member, that information is reported. |
| Form 990, Part VI, Section B, Line 11b |
Form 990 is reviewed by the governing body's leadership which includes the following positions: Officers of the Foundation, including the Chairman, Vice Chairman, and Treasurer and the Chairman and Vice Chairman of the Audit/Finance Committee of the Board. The 2016 Form 990 was distributed and reviewed by this leadership group prior to filing. |
| Form 990, Part VI, Section B, Line 12c |
Officers and trustees are required to disclose conflict of interests annually to the Chair of the Board of Trustees. For each interest disclosed to the Chair, the Chair will determine whether to: (a) take no action; (b) assure full disclosure of the Board of Trustees and other individuals covered by this policy; (c) ask the person to recuse from participation in related Foundation discussions or decisions; or (d) ask the person to resign from the Foundation position, or, if the person refuses to resign, become subject to possible removal in accordance with removal procedures in the Foundation bylaws, The President and CEO and CFO monitor proposed or ongoing transactions for conflicts of interest and disclose them to the Chair in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred. |
| Form 990, Part VI, Section B, Line 15 |
A Compensation Committee comprised of Board members meet annually to review compensation of the National Restaurant Association's EVP, Strategy Operations and Philanthropy. The Foundation pays the National Restaurant Association for services he performs through a shared service agreement. No members of the compensation committee have a conflict of interest with respect to the compensation arrangement. |
| Form 990, Part VI, Section C, Line 19 |
The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public on an appointment basis at its offices in Washington, DC for the same period of disclosure set forth in IRC Section 6104(d). |
| Form 990, Part IX, Line 11g |
$106,217 towards our ProStart Program, $29,337 towards National ProStart Invitational, $4,390 towards Military Programs, $24,597 towards our Scholarship Program, $990 towards Community Relations, $25,054 towards Marketing and Communication, $969,616 towards the DOL Contract for apprenticeship program, and $137,565 towards Fundraising efforts. |
Attach to Form 990 or 990-EZ.