The Cincinnati International Wine Festival Inc
- Assets
- $1.8m
- Revenue
- $410.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Cincinnati, OH
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 31-1383678
Organization Overview
The Cincinnati International Wine Festival Inc is located in Cincinnati, OH. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Cincinnati International Wine Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati International Wine Festival 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 06/2021, Cincinnati International Wine Festival Inc generated $410.1k 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 (11.7%) each year. All expenses for the organization totaled $396.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cincinnati International Wine Festival Inc has awarded 163 individual grants totaling $1,891,011. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WINE INDUSTRY & RAISE FUNDS FOR LOCAL CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS VARIOUS WINE-THEMED FUND-RAISING EVENTS, FROM WHICH PROFITS ARE CONTRIBUTED TO VARIOUS CHARITIES. THE COVID OUTBREAK HAS SIGNIFICANTLY LIMITED EVENTS SINCE MARCH OF 2020. FOR THE FISCAL YEAR ENDING 6/30/21, THE ORGANIZATION CONTRIBUTED $125,000 TO 33 CHARITIES THAT SUPPORT ARTS, EDUCATION AND HEALTH AND HUMAN SERVICES. EACH YEAR WE PUBLISH A "REPORT TO THE COMMUNITY" TO SHOWCASE OUR EVENTS AND CHARITIES AFFECTED. SEE OUR WEBSITE WWW.WINEFESTIVAL.COM FOR A COPY OF THIS REPORT. IN TOTAL, MORE THAN $6.2 MILLION HAS BEEN GRANTED OVER THE LAST 31 YEARS.
THE ORGANIZATION SPONSORS VARIOUS WINE-THEMED FUND-RAISING EVENTS, FROM WHICH PROFITS ARE CONTRIBUTED TO VARIOUS CHARITIES. THE COVID OUTBREAK HAS SIGNIFICANTLY LIMITED EVENTS SINCE MARCH OF 2020. FOR THE FISCAL YEAR ENDING 6/30/21, THE ORGANIZATION CONTRIBUTED $125,000 TO 33 CHARITIES THAT SUPPORT ARTS, EDUCATION AND HEALTH AND HUMAN SERVICES. EACH YEAR WE PUBLISH A "REPORT TO THE COMMUNITY" TO SHOWCASE OUR EVENTS AND CHARITIES AFFECTED. SEE OUR WEBSITE WWW.WINEFESTIVAL.COM FOR A COPY OF THIS REPORT. IN TOTAL, MORE THAN $6.2 MILLION HAS BEEN GRANTED OVER THE LAST 31 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Weissman Executive Director | Officer | 40 | $74,521 |
Constance Wiles President | OfficerTrustee | 40 | $22,983 |
Barry T Oppelt Treasurer | OfficerTrustee | 7 | $11,692 |
Michael Miller Trustee | Trustee | 1 | $0 |
John Mocker Trustee | Trustee | 1 | $0 |
George Elliott Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,000 |
| Related organizations | $0 |
| Government grants | $25,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,556 |
| Total Program Service Revenue | $41,911 |
| Investment income | $28,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,571 |
| Net Income from Fundraising Events | $68,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| 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. | $101,981 |
| Compensation of current officers, directors, key employees. | $25,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $18,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,829 |
| Fees for services: Other | $2,169 |
| Advertising and promotion | $0 |
| Office expenses | $5,754 |
| Information technology | $3,465 |
| Royalties | $0 |
| Occupancy | $21,600 |
| Travel | $364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $403 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $396,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,424 |
| Prepaid expenses and deferred charges | $44,375 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,603,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,610 |
| Total assets | $1,812,253 |
| Accounts payable and accrued expenses | $7,200 |
| Grants payable | $0 |
| Deferred revenue | $204,072 |
| 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 | $211,272 |
| Net assets without donor restrictions | $0 |
| 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 | $1,600,981 |
| Total liabilities and net assets/fund balances | $1,812,253 |
Grants Awarded
Over the last fiscal year, The Cincinnati International Wine Festival Inc has awarded $117,400 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $15,800 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $15,800 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $11,400 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $11,400 |
MIDWEST CULINARY INSTITUTE AT CINCINNATI STATE PURPOSE: GENERAL SUPPORT | $8,300 |
MIDWEST CULINARY INSTITUTE AT CINCINNATI STATE PURPOSE: GENERAL SUPPORT | $8,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cincinnati International Wine Festival Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Heidt Family Foundation Cincinnati, OH PURPOSE: FUNDING TO SUPPORT LOCAL CHARITIES | $2,500 |
Endowment Analysis
| Beg. Balance | $1,402,788 |
| Earnings | $396,896 |
| Admin Expense | $20,829 |
| Other Expense | $175,000 |
| Ending Balance | $1,603,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Healthcare Professionals Inc Lancaster, OH | $17,709,490 | $34,643,375 |
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |