Long Island Wine Council Inc
- Assets
- $128.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverhead, NY
- Founding
- 03/1997
- Data as of
- 12/2022
- 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 12/2022, Long Island Wine Council Inc generated $146.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $115.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 8 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
2022
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 Ulrich Vice Preside | 2 | $0 | |
Julie Petrocelli Vegari Director | 1 | $0 | |
Melissa Rockwell Director | 1 | $0 | |
Russell Mccall Director | 1 | $0 | |
Jerol Bailey Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,501 |
| Total Program Service Revenue | $109,330 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,831 |
| 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 | $103,881 |
| Total expenses | $115,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,042 |
| Other assets | $0 |
| Total assets | $128,625 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,625 |