2025-11-17T13:32:21-06:00 2024-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2024-01-01 364120950 Multicultural Foodservice and Hospitality Alliance MULT 4014616342 PO Box 25786 Providence RI 02905 Michelle L Korsmo President & CEO 4014616342 2025-11-13 1 1 Rebekuh Eley P01247672 3126343400 2025-11-13 2024 2025-03-06 01:10:19Z Michelle L Korsmo PO Box 25786 Providence RI 02905 864007 0 X www.mfha.net X 1996 RI To educate and advocate for and connect its members with opportunities to build their cultural intelligence in the foodservice and hospitality industry. 6 5 0 5 0 0 1421460 805964 110343 32221 0 0 35483 25822 1567286 864007 0 0 0 0 728543 759039 0 0 42488 536508 491911 1265051 1250950 302235 -386943 1654705 1395283 1329062 1456583 325643 -61300 X To provide our members with the cultural competencies, insights and skills necessary to deliver better business results in a culturally diverse marketplace. The Organization strives to bring the economic benefits of diversity and inclusion to the food and hospitality industry by building bridges and delivering solutions. 0 0 905573 0 32221 Educate, advocate and connect with membership by providing professional development and cultural intelligence training for our members and the industry, promote career and business opportunities that exist with member companies for minority and multicultural communities and connect industry professionals with each other by providing career enhancement opportunities, informal mentoring and networking. 905573 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 11 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X Jill Noble 3126515778 233 S Wacker Dr Suite 3600 Chicago IL 60606 Michelle Korsmo President & CEO 1.00 39.00 X X 0 2556642 1301039 Shaun Beard Chair 2.00 7.00 X X 0 0 0 William Kohl Vice Chair 2.00 7.00 X X 0 0 0 Carrie Leishmann Treasurer 2.00 5.00 X X 0 0 0 Max Langenkamp Director 2.00 0.00 X 0 0 0 Jay Stieber Director 2.00 6.00 X 0 0 0 Marvin Irby CAO (until 6/15/24) 1.00 39.00 X 0 962747 669930 Eric Ellis CFO 1.00 39.00 X 0 467334 107922 Gerald Fernandez President 40.00 0.00 X 0 240172 21733 Andre Howell Vice President of Operations 40.00 0.00 X 0 152156 49995 0 4379051 2150619 0 0 1 0 0 33464 59000 713500 805964 Cultural Intelligence 611430 32221 32221 32221 25822 25822 864007 32221 0 25822 614857 461143 153714 131206 98405 32801 12976 9732 3244 4433 4433 124239 40059 41692 42488 2020 1840 180 19518 17525 1993 83439 52268 31171 20499 19478 1021 Shared Service 200000 200000 Bad Debts 32076 32076 Dues and Subscription 5687 5123 564 1250950 905573 302889 42488 377839 364905 1276452 1030378 414 0 39468 39468 0 0 1654705 1395283 147997 49107 10796 6007 1170269 1401469 1329062 1456583 X -831357 -1095300 1157000 1034000 325643 -61300 1654705 1395283 -386943 0 X 0 1 X 1 0 X 3003397 942520 929034 1421460 805964 7102375 3003397 942520 929034 1421460 805964 7102375 3772657 3329718 21630 44282 22876 35483 25822 150093 7252468 694045 0.45910 0.45590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39468 39468 0 0 Due to Related Entities 1401469 1401469 X Part X, Line 2: Accounting standards address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. The Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and certain of its affiliates and various positions related to the potential sources of unrelated business taxable income (UBTI). For the reporting periods presented in these consolidated financial statements, there is no impact as a result of this standard as the Organization has no significant uncertain tax positions. The Organization files certain information and income tax returns in the U.S. federal jurisdiction and various other states. The Organization is exempt from federal and state income taxes; however, income from certain activities not directly related to their exempt purposes is subject to taxation as unrelated business income, net of related expenses. Excise taxes are also incurred on certain levels of compensation. Net operating loss carryforwards, if any, may be utilized to offset related future taxable income; deferred tax assets are fully reserved by a valuation reserve, if realized is not certain. 0 0 0 0 0 0 0 0 0 Michelle Korsmo President & CEO 0 1651078 0 904046 0 1518 0 1257465 0 43574 0 3857681 0 904046 Marvin Irby CAO (until 6/15/24) 0 355162 0 605407 0 2178 0 658948 0 10982 0 1632677 0 605407 Eric Ellis CFO 0 364586 0 101758 0 990 0 64170 0 43752 0 575256 0 101758 Gerald Fernandez President 0 218297 0 17226 0 4649 0 10723 0 11010 0 261905 0 17226 Andre Howell Vice President of Operations 0 140998 0 8384 0 2774 0 16996 0 32999 0 202151 0 8384 Part I, Line 3 The Compensation Committee of National Restaurant Association, a related organization, reviews and approves the compensation of the Chief Executive Officer, and direct reports. An outside consultant is used to provide comparable data for similarly qualified person in functionally situated organizations for consideration. Contemporaneous documentation of these decisions regarding the compensation are prepared and maintained. 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 Alliance, including the Chairman, Vice Chairman, and Treasurer. The 2024 Form 990 was distributed and reviewed by this leadership group prior to filing. Form 990, Part VI, Section B, line 12c Officers and Directors are required to disclose conflicts of interest annually to the Chair of the Board of Directors. For each interest disclosed to the Chair, the Chair will determine whether to (a) take no action; (b) assure full disclosure to the Board of Directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related Alliance discussion or decisions; (d) ask the person to resign from the Alliance position, or, if the person refuses to resign; become subject to possible removal in accordance with the removal procedures in the Alliance bylaws. The President monitors proposed or ongoing transactions for conflict of interest and discloses 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 The Compensation Committee of National Restaurant Association, a related organization, reviews and approves the compensation of the Chief Executive Officer, and direct reports. An outside consultant is used to provide comparable data for similarly qualified person in functionally situated organizations for consideration. Contemporaneous documentation of these decisions regarding the compensation are prepared and maintained. Form 990, Part VI, Section C, line 19 The Alliance makes its governing documents, conflict of interest policy and financial statements available to the public on an appointment basis at its office for the same period of disclosure set forth in IRC Section 6104(d). National Restaurant Association 2055 L Street NW Suite 700 Washington DC 20036 361525480 To lead America's restaurant industry IL 501(C)(6) N/A 0 National Restaurant Association Educational Foundation 2055 L Street NW Suite 700 Washington DC 20036 366103388 See Part VII IL 501(C)(3) Line 12a, I NRA 1 Restaurant Law Center 2055 L Street NW Suite 700 Washington DC 20036 814099133 Promote laws and regulations for restaurant industry DC 501(C)(6) NRA 1 NRA Political Action Committee 2055 L Street NW Suite 700 Washington DC 20036 521220888 Lobbying for NRA IL 527 N/A 0 National Restaurant Association Services LLC 233 S Wacker Drive Suite 3600 Chicago IL 60606 273152775 Marketing services IL NRA C 1 NRAS India Private Limited Asha House 28 Suren Road Mumbai IN 400093 Marketing services IN NRA C 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 National Restaurant Association C 59000 FMV National Restaurant Association P 116755 Cash National Restaurant Association Educational Foundation P 820876 Cash Part II - Primary Activity NRAEF Enhancing the industry's service through career development and community engagement efforts.