Vintage Albuquerque Fine Wine And Art Auction
- Assets
- $40.6k
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/2010
- Data as of
- 12/2020
- EIN
- 27-1593459
Organization Overview
Vintage Albuquerque Fine Wine And Art Auction is located in Albuquerque, NM. The organization was established in 2010. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vintage Albuquerque Fine Wine And Art Auction 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 12/2020, Vintage Albuquerque Fine Wine And Art Auction generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $81.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vintage Albuquerque Fine Wine And Art Auction has awarded 26 individual grants totaling $442,700. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUND TO ENHANCE MUSIC AND ARTS EDUCATION PROGRAMS AND OUTREACH ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSIC AND ARTS EDUCATION OPPORTUNITIES FOR ALBUQUERQUE YOUTH THROUGH A GRANT PROGRAM TO LOCAL NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wedeen Executive Director | Officer | 40 | $40,000 |
Steve Wedeen Chair | OfficerTrustee | 5 | $0 |
Kenneth Abbott Treasurer | OfficerTrustee | 5 | $0 |
Adam Ciepela Director | Trustee | 5 | $0 |
Joanie Griffin Director | Trustee | 5 | $0 |
Cristin Heyn-Boulisman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,990 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,148 |
| Office expenses | $1,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,167 |
| All other expenses | $0 |
| Total functional expenses | $81,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,628 |
| Accounts payable and accrued expenses | $3,621 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,621 |
| Net assets without donor restrictions | $37,007 |
| Net assets with donor restrictions | $0 |
| 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 | $40,628 |
Grants Awarded
Over the last fiscal year, Vintage Albuquerque Fine Wine And Art Auction has awarded $35,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE YOUTH SYMPHONY PURPOSE: GENERAL OPERATIONS | $2,000 |
KESHET DANCE CENTER PURPOSE: GENERAL OEPRATIONS | $8,000 |
EXPLORA SCIENCE CENTER PURPOSE: GENERAL OPERATIONS | $13,500 |
NATIONAL INSTITUTE OF FLAMENCO PURPOSE: GENERAL OPERATIONS | $8,000 |
NATIONAL DANCE INSTITUTE PURPOSE: GENERAL OPERATIONS | $2,000 |
MARIACHI SPECTACULAR DE ALBUQUERQUE PURPOSE: GENERAL OPERATIONS | $2,000 |