Wine & Spirits Wholesalers Of America Inc
- Assets
- $19.1m
- Revenue
- $8.6m
- Investments
- $2.7m
- Employees
- 25
- Location
- Washington, DC
- Founding
- 04/1944
- Data as of
- 12/2021
- EIN
- 43-0590389
Organization Overview
Wine & Spirits Wholesalers Of America Inc is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Wine & Spirits Wholesalers Of America Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wine & Spirits Wholesalers Of America 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 12/2021, Wine & Spirits Wholesalers Of America Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING THE INTERESTS OF WINE AND SPIRITS WHOLESALERS TO FACILITATE THE SUCCESS OF ITS MEMBERS AND THE ALCOHOL INDUSTRY. THE GOAL OF THE ASSOCIATION IS TO PROMOTE A RESPONSIBLE, ACCOUNTABLE AND CONSUMER-FRIENDLY SYSTEM OF DISTRIBUTION WHILE DELIVERING SIGNIFICANT VALUE TO ITS MEMBERS AND THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT AFFAIRS: THE ASSOCIATION'S GOVERNMENT AFFAIRS DEPARTMENT ADVOCATES SOUND AND EQUITABLE LEGISLATIVE MEASURES TO IMPROVE THE CONDITIONS UNDER WHICH WINE AND SPIRITS ARE SOLD AND DISTRIBUTED.
MEETINGS AND EVENTS: MEETINGS AND EVENTS ARE HELD EACH YEAR TO ENCOURAGE GROWTH OF WHOLESALERS AND THE ALCOHOL INDUSTRY, PROMOTE THE VALUE OF WHOLESALERS, EDUCATE THE INDUSTRY ON A NUMBER OF IMPORTANT TOPICS, AND PROMOTE SOCIAL INITIATIVES SUCH AS RESPONSIBLE DRINKING AND DEI.
PUBLIC AFFAIRS: THE ASSOCIATION'S COMMUNICATIONS DEPARTMENT WORKS TO COMMUNICATE THE VALUE OF ALCOHOL WHOLESALERS AND IMPORTANCE OF A STRONG ALCOHOL SUPPLY CHAIN. IT ALSO PROMOTES RESPONSIBILITY, AS WELL AS THE ASSOCIATION'S POSITIONS ON ISSUES, PROGRAMS, EXPERTISE, AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Korsmo President & CEO | OfficerTrustee | 40 | $929,125 |
Dawson Hobbs Executive Vice President | Officer | 40 | $288,000 |
Joanne Moak Evp And General Counsel | 40 | $277,500 | |
Michael Bilello Executive Vice President | 40 | $276,500 | |
Arianne Massey Senior Vice President | 40 | $254,500 | |
Jacob E Hegeman Vice President | 40 | $220,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vermont Information Processing Inc Data Management Services | 12/30/21 | $291,500 |
Cornerstone Government Affairs Gov't Relations Consulting | 12/30/21 | $120,000 |
Bruning Law Group Gov't Relations Consulting | 12/30/21 | $184,366 |
Thorn Run Gov't Relations Consulting | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $458,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,145 |
| Total Program Service Revenue | $7,472,897 |
| Investment income | $372,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,667 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $182,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,637,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,288,956 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,986,901 |
| Pension plan accruals and contributions | $239,451 |
| Other employee benefits | $271,024 |
| Payroll taxes | $282,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166,939 |
| Fees for services: Accounting | $111,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,072 |
| Fees for services: Other | $953,883 |
| Advertising and promotion | $55,543 |
| Office expenses | $102,186 |
| Information technology | $54,493 |
| Royalties | $0 |
| Occupancy | $467,232 |
| Travel | $111,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,074 |
| Insurance | $32,200 |
| All other expenses | $0 |
| Total functional expenses | $7,860,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,054,187 |
| Savings and temporary cash investments | $1,863,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,732 |
| 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 | $119,098 |
| Net Land, buildings, and equipment | $649,563 |
| Investments—publicly traded securities | $6,328,260 |
| Investments—other securities | $2,651,165 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,398,118 |
| Total assets | $19,124,215 |
| Accounts payable and accrued expenses | $1,164,085 |
| 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 | $1,877,348 |
| Total liabilities | $3,041,433 |
| Net assets without donor restrictions | $16,082,782 |
| 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 | $19,124,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moveon Org Civic Action Washington, DC | $4,457,959 | $10,598,957 |
50can Inc Washington, DC | $11,451,169 | $14,699,448 |
Working America Education Fund Washington, DC | $15,449,080 | $11,091,684 |
Wine & Spirits Wholesalers Of America Inc Washington, DC | $19,124,215 | $8,637,291 |
American Federation For Children Inc Columbia, MD | $4,734,302 | $8,920,295 |
Council For Exceptional Children Arlington, VA | $4,293,509 | $5,157,244 |
International Bridge Tunnel And Turnpike Association Washington, DC | $5,612,025 | $5,095,410 |
Council Of Graduate Schools Washington, DC | $15,477,083 | $4,356,151 |
Tesseract Research Center Inc Washington, DC | $8,180,925 | $2,226,497 |
National Indian Education Association Washington, DC | $1,350,427 | $3,831,899 |
National Coalition For Public School Options Haymarket, VA | $398,047 | $3,479,643 |
American Pilots Association Inc Washington, DC | $1,788,450 | $3,376,581 |