Court Of Master Sommeliers Americas
- Assets
- $2.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Napa, CA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 68-0398505
Organization Overview
Court Of Master Sommeliers Americas is located in Napa, CA. The organization was established in 1998. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Court Of Master Sommeliers Americas employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Court Of Master Sommeliers Americas 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, Court Of Master Sommeliers Americas generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS THE EDUCATION OF SERVICE INDUSTRY PROFESSIONALS ABOUT WINE AND WINE SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT EDUCATION COURSES ON FOUR LEVELS LEADING TO MASTER SOMMELIER DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lewis Executive Director | 45 | $146,316 | |
Shayn Bjornholm Examination Dir | 45 | $141,436 | |
Melissa Monosoff Education Director | 45 | $133,317 | |
Keith Goldston Director | Trustee | 2 | $7,000 |
Kathryn Morgan Director | Trustee | 2 | $6,500 |
David Yoshida Director | Trustee | 2 | $6,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Wright Tremainellp Legal | 12/30/21 | $200,695 |
Lagasse Branch Bell Legal | 12/30/21 | $125,669 |
Susan Magrino Agency Inc Public Relations | 12/30/21 | $116,101 |
Master The World Inc Beverage Kit Producer | 12/30/21 | $368,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,033 |
| 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 | $82,033 |
| Total Program Service Revenue | $2,055,072 |
| Investment income | $80,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,448 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,223,324 |
| 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. | $43,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,012 |
| Payroll taxes | $44,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264,759 |
| Fees for services: Accounting | $16,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,468 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,020 |
| Office expenses | $1,766 |
| Information technology | $6,650 |
| Royalties | $0 |
| Occupancy | $153,560 |
| Travel | $214,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,597 |
| Insurance | $8,204 |
| All other expenses | $123,781 |
| Total functional expenses | $2,745,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,744 |
| Savings and temporary cash investments | $80,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,732 |
| Prepaid expenses and deferred charges | $176,462 |
| Net Land, buildings, and equipment | $2,695 |
| Investments—publicly traded securities | $1,700,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $145,555 |
| Other assets | $1 |
| Total assets | $2,386,089 |
| Accounts payable and accrued expenses | $114,497 |
| Grants payable | $0 |
| Deferred revenue | $485,347 |
| 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 | $150,000 |
| Total liabilities | $749,844 |
| 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 | $1,636,245 |
| Total liabilities and net assets/fund balances | $2,386,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worldwide Broker Network Us Inc San Francisco, CA | $1,656,895 | $3,985,774 |
Court Of Master Sommeliers Americas Napa, CA | $2,386,089 | $2,223,324 |
Humboldt Lodging Alliance Inc Eureka, CA | $2,445,778 | $1,031,701 |
District Hospital Leadership Forum Sacramento, CA | $1,610,339 | $2,002,679 |
Broadband Forum Fremont, CA | $3,420,246 | $1,816,286 |
Northwest Gas Association West Linn, OR | $593,942 | $1,164,361 |
California Korean American Pharmacists Association Los Angeles, CA | $77,639 | $1,061,092 |
Us Apple Export Council Sacramento, CA | $415,852 | $1,024,965 |
Guildsomm Inc Petaluma, CA | $935,763 | $1,276,326 |
American Agents Alliance Inc Sacramento, CA | $2,141,964 | $992,230 |
San Mateo County Deputy Sheriffs Association Redwood City, CA | $3,447,948 | $1,009,895 |
East Valley Association Of Realtors Redlands, CA | $2,612,105 | $1,180,628 |