Fort Worth Food & Wine Foundation
- Assets
- $206.2k
- Revenue
- $64.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 46-2798419
Organization Overview
Fort Worth Food & Wine Foundation is located in Fort Worth, TX. The organization was established in 2014. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Food & Wine 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 06/2021, Fort Worth Food & Wine Foundation generated $64.3k 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 (15.4%) each year. All expenses for the organization totaled $146.7k during the year ending 06/2021. 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
THE MISSION STATEMENT OF THE FORT WORTH FOOD & WINE FOUNDATION IS TO HONOR THE DISTINCTIVE NATURE OF FORT WORTH COOKING, FOOD, BEVERAGE, AND CULINARY TRADITIONS BY PROMOTING NATIONAL AND REGIONAL ATTENTION TO THE FORT WORTH SCENE AND ASSISTING AND SUSTAINING CHEFS, RESTAURANTS, AND THE LOCAL RANCHING AND FARMING COMMUNITIES TO RAISE FUNDS FOR LOCAL GRANT PROGRAMS AND CULINARY SCHOLARSHIPS; TO ELEVATE THE SKILLS AND CULINARY KNOWLEDGE OF THE GENERAL CONSUMER; AND TO PROVIDE INTERNSHIP EXPERIENCES FOR THOSE INTERESTED IN PURSUING A CAREER IN PUBLIC RELATIONS OR MARKETING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AIMS TO HONOR THE DISTINCTIVE NATURE OF FORT WORTH COOKING, FOOD, BEVERAGE, AND CULINARY TRADITIONS BY PROMOTING NATIONAL AND REGIONAL ATTENTION TO THE FORT WORTH SCENE AND ASSISTING AND SUSTAINING CHEFS, RESTAURANTS, AND THE LOCAL RANCHING AND FARMING COMMUNITIES TO RAISE FUNDS FOR LOCAL GRANT PROGRAMS AND CULINARY SCHOLARSHIPS; TO ELEVATE THE SKILLS AND CULINARY KNOWLEDGE OF THE GENERAL CONSUMER; AND TO PROVIDE INTERNSHIP EXPERIENCES FOR THOSE INTERESTED IN PURSUING A CAREER IN PUBLIC RELATIONS OR MARKETING.
FORT WORTH FOOD & WINE FESTIVAL - THE FOUNDATION HOSTS PARTICIPANTS, INCLUDING CHEFS TO COOK APPETIZERS, DINNERS, AND DESSERTS, VARIOUS ALCOHOL VENDORS TO PROVIDE DRINKS, RESTAURANTS TO PROVIDE MEALS, AND MUSICIANS TO PROVIDE ENTERTAINMENT FOR ATTENDEES TO PROMOTE THE LOCAL CULINARY TRADITIONS.
FORT WORTH AREA CULINARY CAREER CONFERENCE - THE CONFERENCE GATHERS THE FOODIE COMMUNITY'S BRIGHTEST STARS TO HELP 50 LOCAL HIGH SCHOOL STUDENTS EXPLORE THEIR CAREER OPTIONS, EXPAND THEIR KNOWLEDGE AND INCREASE THEIR CHANCES FOR CULINARY SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lanni Julie Eastman Executive Director | OfficerTrustee | 40 | $55,000 |
Russell Kirkpatrick President | OfficerTrustee | 5 | $0 |
Richard King Director | Trustee | 1 | $0 |
June Naylor Director | Trustee | 1 | $0 |
Mitch Whitten Director | Trustee | 1 | $0 |
Michele Sanchez-Soriano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,580 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,096 |
| Total Program Service Revenue | $0 |
| Investment income | $185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation of current officers, directors, key employees. | $8,250 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,795 |
| Advertising and promotion | $29,830 |
| Office expenses | $492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,616 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,561 |
| All other expenses | $2,929 |
| Total functional expenses | $146,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,925 |
| 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 | $21,284 |
| 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 | $206,209 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $7,100 |
| 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 | $7,100 |
| Net assets without donor restrictions | $199,109 |
| 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 | $206,209 |
Grants Awarded
Over the last fiscal year, Fort Worth Food & Wine Foundation has awarded $10,922 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $5,922 |
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Worth Food & Wine Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR RESTAURANT EMPLOYEE RELIEF FUND | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Equal Heart Dallas, TX | $4,344,123 | $9,037,240 |
Oklahoma Restaurant Association Oklahoma City, OK | $968,278 | $1,465,043 |
Manna House Midlothian, TX | $859,835 | $1,086,475 |
Texas Future Farmers Of America Foundation Inc Austin, TX | $14,218,746 | $1,810,105 |
Grow Dat Youth Farm New Orleans, LA | $794,685 | $1,279,279 |
Cafe Hope Inc Marrero, LA | $300,312 | $1,047,663 |
Three Sisters Kitchen Albuquerque, NM | $741,147 | $1,214,959 |
Cleverley Stone Foundation Houston, TX | $138,342 | $960,323 |
Vaad Hakashrus Of Dallas Inc Dallas, TX | $456,990 | $849,064 |
Longview Dream Center Inc Longview, TX | $1,173,110 | $488,981 |
The Souper Bowl Of Caring Inc Houston, TX | $129,844 | $395,422 |
Natural Soybean And Grain Alliance Inc Fayetteville, AR | $123,126 | $320,288 |