Long Island Wine Council Inc
- Assets
- $97.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverhead, NY
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 11-2994323
Organization Overview
Long Island Wine Council Inc is located in Riverhead, NY. The organization was established in 1997. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Wine Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Long Island Wine Council Inc generated $87.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE, FOSTER, MANAGE, ADVERTISE AND PUBLICIZE THE LONG ISLAND WINE INDUSTRY AND PROVIDE EDUCATION CONCERNING WINE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kareem Massoud President | 2 | $0 | |
Shelby Hearn Secretary | 2 | $0 | |
Julie Petrocelli Vegari Director | 2 | $0 | |
Chelsea Frankel Director | 1 | $0 | |
Larry Perrine Director | 1 | $0 | |
Russell Mccall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,700 |
| Total Program Service Revenue | $71,648 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,348 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,486 |
| Total expenses | $96,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,411 |
| Other assets | $0 |
| Total assets | $97,674 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,674 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Long Island Wine Council Inc has recieved totaling $39,501.
| Awarding Organization | Amount |
|---|---|
Discover Long Island Inc Hauppauge, NY PURPOSE: promotion of long island | $39,501 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
Model Organic Farm Foundation New York, NY | $4,881,242 | $2,948,859 |
Refed Inc Long Island City, NY | $3,245,213 | $3,044,504 |
White Feather Farm Inc Saugerties, NY | $1,952,913 | $1,416,686 |
Just Roots Inc Greenfield, MA | $647,871 | $1,682,213 |
Vermont Farm-To-School Inc Newport, VT | $358,429 | $1,076,171 |
White Feather Forest Inc Saugerties, NY | $359,824 | $75,416 |
Marthas Vineyard Chamber Of Vineyard Haven, MA | $828,061 | $1,239,332 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Pitney Meadows Community Farm Inc Saratoga Springs, NY | $3,433,291 | $1,027,311 |
Connecticut Restaurant Association Inc Farmington, CT | $762,471 | $846,615 |
Common Ground Farm Inc Beacon, NY | $214,026 | $737,294 |