Central Florida Hotel & Lodging

Not tax-deductible

Orlando, FL501(c)(6)EIN 59-2075117Revenue $2.0M in FY2024

On file with the IRScfhla.org6675 Westwood Blvd Ste 210, 32821-6015 · Orlando, FLTax-exempt since Apr 1981

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To provide members with information, current trends, and proposed legislation pertaining to Central florida's hospitality industry

Run by 30 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $21K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$429K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$897K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
52
of 52 voting members
Looks good: 52 of 52 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+6% vs prior year
Spent
$1.9M
Net assets
$550K
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.5M
FY2023$1.9M
FY2024$2.0M
Expenses
$1.9M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.8M
FY2024$1.9M
Net assets
$550K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$294K
FY2021$410K
FY2022$433K
FY2023$477K
FY2024$550K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

55 people listed on the 990; $429K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$204,213Pt VII · Sec A
Employee
$115,861Pt VII · Sec A
Director of Finance
$109,187Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard Maladecki———$42,878$240,779
Robert Agrusa$204,213$176,264$154,632$112,277—
Erin Walsh$115,861————
Thomas Ramgadoo$109,187————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports Central Florida’s hospitality industry by providing members with market trends, networking opportunities, and legislative advocacy while actively promoting regional tourism.

Questions for Central Florida Hotel & Lodging

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Expenses related to member meetings and conferences where they provide information to members on the industry, protection of interests and promotion of tourism and hospitality industry in central florida, promote florida tourism, and provide networking opportunity for suppliers and hoteliers.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$1K
Grants paid · 6 grants · $279K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$826K
Fees for servicesLn 2g$799K
Other incomeLn 4–11$291K
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$550K
net assets · Ln 32
Cash and savingsLn 1–2$771K
Total assetsLn 16$1.4M
LiabilitiesLn 26$897K
PeoplePt VI, VII
55
listed · VII A
PaidVII A3
Voting boardVI 1a52
IndependentVI 1b52
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$826K
Fees for servicesLn 2g$799K
Investment incomeLn 3$53K
Other incomeLn 4–11$291K
Gains on assetsLn 7$11K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$204K
SavingsLn 2$566K
Cash and savings togetherLn 1–2$771K
InvestmentsLn 11–13$447K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$154K
Total assetsLn 16$1.4M
LiabilitiesLn 26$897K
Net assetsLn 32$550K
OperationsPt I, VI
EmployeesI 513
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$853K$771K
InvestmentsLn 11–13$418K$447K
Land, buildings, equipmentLn 10c$7K$1K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$844K$897K
Net assetsLn 32$477K$550K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$93K
Pay of current officers, directors and key staffLn 5$313K
Other salaries and wagesLn 7$643K
Legal feesLn 11b$86K
Accounting feesLn 11c$25K
Office expensesLn 13$52K
OccupancyLn 16$144K
TravelLn 17$29K
Conferences, conventions and meetingsLn 19$387K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$114K
Total functional expensesLn 25$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$1.9M$66K$550K 990 PDF
FY2023 $1.9M$1.8M$29K$477K 990 PDF
FY2022 $1.5M$1.5M$59K$433K 990 PDF
FY2021 $1.5M$1.4M$115K$410K 990 PDF
FY2020 $1.2M$1.4M−$162K$294K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,968,498 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $768,390$826,243
I-9 Program service revenuePrior year $662,468$799,056
I-10 Investment incomePrior year $21,430$52,661
I-11 Other revenuePrior year $408,756$290,538
I-12 Total revenuePrior year $1,861,044$1,968,498
I-13 Grants and similar amounts paidPrior year $59,516$93,275
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $939,157$956,562
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $833,857$852,444
I-18 Total expensesPrior year $1,832,530$1,902,281
I-19 Revenue less expensesPrior year $28,514$66,217
Part VI · Governance 52 of 52 board members independent, no flags
VI-1a Voting members of the governing body52
VI-1b Independent voting members52
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,968,498 across 8 lines filed
VIII-1b Membership dues$826,243
VIII-1h Total contributions, gifts and grants$826,243
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $799,056$799,056
VIII-3 Investment incomeExcluded from tax $42,042$42,042
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,619$10,619
VIII-8 Net income from fundraising eventsExcluded from tax $156,040$156,040
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Excluded from tax $134,498$134,498
VIII-12 Total revenueRelated to mission $799,056 · Unrelated business $0 · Excluded from tax $343,199$1,968,498
Part IX · Statement of functional expenses $1,902,281 across 12 lines filed
IX-1 Grants to domestic organizations$93,275
IX-5 Pay of current officers, directors and key staff$313,401
IX-7 Other salaries and wages$643,161
IX-11b Legal fees$85,614
IX-11c Accounting fees$24,879
IX-13 Office expenses$51,990
IX-16 Occupancy$144,077
IX-17 Travel$28,540
IX-19 Conferences, conventions and meetings$386,869
IX-22 Depreciation, depletion and amortization$6,108
IX-23 Insurance$10,078
IX-24 Other expenses (24a–d)$114,289
IX-25 Total functional expenses$1,902,281
Part X · Balance sheet $1,446,720 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $440,615$204,124
X-2 Savings and temporary cash investmentsStart of year $412,248$566,392
X-4 Accounts receivableStart of year $0$17,985
X-9 Prepaid expenses and deferred chargesStart of year $35,926$55,878
X-10c Land, buildings and equipment, netStart of year $7,337$1,229
X-12 Other securitiesStart of year $417,649$447,274
X-15 Other assetsStart of year $7,190$153,838
X-16 Total assetsStart of year $1,320,965$1,446,720
X-19 Deferred revenueStart of year $616,995$652,694
X-25 Other liabilitiesStart of year $226,554$243,907
X-26 Total liabilitiesStart of year $843,549$896,601
X-27 Net assets without donor restrictionsStart of year $477,416$550,119
X-32 Total net assets or fund balancesStart of year $477,416$550,119
X-33 Total liabilities and net assetsStart of year $1,320,965$1,446,720
Part XI · Reconciliation of net assets $550,119 net assets at year end
XI-1 Total revenue$1,968,498
XI-2 Total expenses$1,902,281
XI-3 Revenue less expenses$66,217
XI-4 Net assets at start of year$477,416
XI-5 Net unrealized gains (losses) on investments$6,486
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$550,119

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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