Wine Empowered Inc
- Assets
- $35.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-3185109
Organization Overview
Wine Empowered Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wine Empowered 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 12/2022, Wine Empowered Inc generated $17.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $9.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE PROVIDE TUITION-FREE WINE EDUCATION, MENTORING SERVICES, AND ACCESS TO A WIDER NETWORK OF SOMMELIERS AND HOSPITALITY PROFESSIONALS. WE BEGAN CLASSES FOR OUR INAUGURAL CLASS OF 23 STUDENTS. WE WERE ABLE TO HOST 5 CLASSES FROM FEBRUARY 3, 2020 UNTIL MARCH 2, 2021. DUE TO COVID-19 PANDEMIC, WE WERE UNABLE TO CONTINUE CLASSES. CLASSES HAVE BEEN POSTPONED TO 2022. WE JUST STARTED OUR CLASSES IN FEBRUARY 2022. CLASSES ARE ONGOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria James President And Member Of The Board | 1 | $0 | |
Amy R Zhou Vice President And Member Of The Board | 1 | $0 | |
Cynthia Cheng Treasurer | 2 | $0 | |
Patricia Murphy Secretary And Member Of The Board | 0.5 | $0 | |
Sijun Kim Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,439 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,439 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,116 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,892 |
| Total expenses | $9,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,339 |
| Other assets | $0 |
| Total assets | $35,339 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,339 |