Destin Charity Wine Auction Foundation Inc
- Assets
- $4.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Miramar Beach, FL
- Founding
- 07/2007
- Data as of
- 07/2022
- EIN
- 20-4475403
Organization Overview
Destin Charity Wine Auction Foundation Inc is located in Miramar Beach, FL. The organization was established in 2007. According to its NTEE Classification (Y12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 07/2022, Destin Charity Wine Auction Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destin Charity Wine Auction Foundation Inc 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 07/2022, Destin Charity Wine Auction Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.8m during the year ending 07/2022. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Destin Charity Wine Auction Foundation Inc has awarded 57 individual grants totaling $10,605,372. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR OTHER CHARITABLE ORGANIZATIONS WHOSE PRIMARY FUNCTION IS TO CARE FOR CHILDREN IN DISTRESS AND NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVED INCREASED AWARENESS AND FUNDING OF THE CHARITIES WE HELP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Russell President | Officer | 40 | $145,125 |
Pam Wellborn Director | Trustee | 2 | $0 |
Kurtis Wolff Director | Trustee | 2 | $0 |
Chan Cox Found. Trustee | Trustee | 2 | $0 |
Lane Redding Chairman | Trustee | 2 | $0 |
George Brannon Vice Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Russell Management | 7/30/19 | $135,000 |
Trey Pippin Event Rentals | 7/30/19 | $123,732 |
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 | $42,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,400 |
| Total Program Service Revenue | $0 |
| Investment income | $13,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$73,327 |
| Net Income from Fundraising Events | $4,083,991 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,066,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,306,072 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,125 |
| Compensation of current officers, directors, key employees. | $72,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,354 |
| Payroll taxes | $21,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,786 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,911 |
| Office expenses | $13,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,122 |
| Travel | $747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,081 |
| All other expenses | $0 |
| Total functional expenses | $3,828,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,449,175 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $372,493 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $179,089 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $583,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $4,585,288 |
| Accounts payable and accrued expenses | $3,413,645 |
| Grants payable | $0 |
| Deferred revenue | $7,650 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,421,295 |
| Net assets without donor restrictions | $80,462 |
| Net assets with donor restrictions | $1,083,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,585,288 |
Grants Awarded
Over the last fiscal year, Destin Charity Wine Auction Foundation Inc has awarded $2,374,775 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Niceville, FL PURPOSE: CHARITY | $325,000 |
Niceville, FL PURPOSE: CHARITY | $250,000 |
Fort Walton Beach, FL PURPOSE: CHARITY | $207,500 |
Fort Walton Beach, FL PURPOSE: CHARITY | $200,000 |
Santa Rosa Beach, FL PURPOSE: CHARITY | $200,000 |
Santa Rosa Beach, FL PURPOSE: CHARITY | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Destin Charity Wine Auction Foundation Inc has recieved totaling $139,507.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: MUTUAL & MEMBERSHIP BENEFIT | $55,850 |
Todd And Jana Walker Charitable Foundation Destin, FL PURPOSE: GENERAL FUND | $49,500 |
Mcb Private Foundation Inc Santa Rosa Beach, FL PURPOSE: SACRED HEART HOSPITAL EMERALD COAST'S PEDIATRIC CENTER | $15,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,960 |
Community Foundation Of Northwest Florida Inc Pensacola, FL PURPOSE: SOCIAL SERVICES | $6,050 |
Hearn Charitable Foundation Brentwood, TN PURPOSE: CONTRIBUTION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Destin Charity Wine Auction Foundation Inc Miramar Beach, FL | $4,585,288 | $4,066,580 |
Families First Cc2015 Inc Atlanta, GA | $7,597,815 | $5,288 |
Srq Vets Inc Sarasota, FL | $71,511 | $0 |
Mizner Relief Fund Inc Delray Beach, FL | $6,479 | $75,725 |
Uga Doctors Without Borders-Medecins Sans Frontieres Athens, GA | $217,717 | $249,578 |
Alabama Lake Wide Charities Jasper, AL | $55,692 | $0 |
Adri atlanta, GA | $83,000 | $66,000 |
Children Of Helen Alliance Inc West Palm Beach, FL | $9,751 | $0 |
Capital Area Health Accessfoundation Inc Tallahassee, FL | $0 | $0 |