Wine Spectator California Scholarship Foundation

Organization Overview

Wine Spectator California Scholarship Foundation is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wine Spectator California Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Wine Spectator California Scholarship Foundation generated $2.7m 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 (5.9%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Wine Spectator California Scholarship Foundation has awarded 48 individual grants totaling $6,397,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION AWARDS SCHOLARSHIPS AND HONORARIUMS ON AN ANNUAL BASIS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WINE EXPERIENCE HELD IN NY CITY - A 3 DAY SEMINAR AND WINE TASTING EVENT RAISES MONIES TO ENABLE THE FOUNDATION TO AWARD SCHOLARSHIPS ON AN ANNUAL BASIS TO SECONDARY SCHOOL STUDENTS TO ENABLE THEM TO PURSUE CAREERS IN THE WINE INDUSTRY, AND ALSO CONTRIBUTES TO EDUCATIONAL PROGRAMS CONDUCTED BY GRANT BENEFICIARIES


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Board, Officers & Key Employees

Name (title)Compensation
Marvin Shanken
Trustee
$0
Mel Mannion
Trustee
$0
Michael Moaba
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$60,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$60,000
Total Program Service Revenue$3,651,730
Investment income $588,327
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,555,144
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,744,913

Grants Awarded

Over the last fiscal year, Wine Spectator California Scholarship Foundation has awarded $488,000 in support to 6 organizations.

Grant RecipientAmount

NAPA VALLEY COLLEGE FOUNDATION

PURPOSE: EDUCATION

$160,000

WASHINGTON STATE UNIVERSITY FOUNDATION

PURPOSE: EDUCATION

$100,000

UNIVERSITY OF MIAMI

PURPOSE: EDUCATION

$75,000

UNIVERSITY OF CALIFORNIA DAVIS

PURPOSE: EDUCATION

$53,000

EMERIL LAGASSE FOUNDATION

PURPOSE: EDUCATION

$50,000

JOHNSON & WALES UNIVERSITY

PURPOSE: EDUCATION

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wine Spectator California Scholarship Foundation has recieved totaling $15,000.

Awarding OrganizationAmount
East Tennessee Foundation

Knoxville, TN

PURPOSE: SCHOLARSHIPS (INDIV)

$15,000
View Grant Recipient Profile

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