Tales Of The Cocktail Foundation Inc
- Assets
- $1.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Metairie, LA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 84-1701381
Organization Overview
Tales Of The Cocktail Foundation Inc is located in Metairie, LA. The organization was established in 2007. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Tales Of The Cocktail Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tales Of The Cocktail Foundation 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, Tales Of The Cocktail Foundation Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ADVANCE, AND SUPPORT THE GLOBAL HOSPITALITY INDUSTRY.
Describe the Organization's Program Activity:
TALES OF THE COCKTAIL: TALES OF THE COCKTAIL IS EQUAL PARTS COCKTAIL CONFERENCE AND FAMILY REUNION, FEATURING A SCHEDULE OF EDUCATIONAL SEMINARS, TASTINGS, COMPETITIONS, AND NETWORKING EVENTS REPRESENTING THE LATEST THE GLOBAL DRINKS INDUSTRY HAS TO OFFER. SUPPORTED BY THE EDUCATION COMMITTEE AND COCKTAIL APPRENTICE PROGRAM (RECRUITING AND TRAINING AND EXECUTING THOUSANDS OF DRINKS FOR THE CONFERENCE), THIS ANNUAL EVENT PROVIDES EDUCATION, TRAINING AND RESOURCES (INCLUDING MENTAL HEALTH AND WELLNESS ACTIVATIONS THROUGH BEYOND THE BAR) TO THE DRINKS COMMUNITY.SINGAPORE X TALES: IN JULY 2022, TALES OF THE COCKTAIL FOUNDATION ANNOUNCED A PARTNERSHIP WITH THE SINGAPORE TOURISM BOARD TO HIGHLIGHT THE CULTURE AND TALENT WITHIN THE ISLAND NATION. FEATURING TWO ACTIVATIONS AT TALES OF THE COCKTAIL IN 2022, SINGAPORE BARS AND TALENT WERE INTEGRATED ACROSS MULTIPLE FOUNDATION PROGRAMS IN 2023 INCLUDING THE ANNOUNCEMENT OF THE SPIRITED AWARDS NOMINATION PERIOD AND REGIONAL HONOREES, A DIGITAL MARKETING CAMPAIGN, AND A RESIDENCY AT TALES OF THE COCKTAIL 2023.EDUCATION: GUIDED BY THE EDUCATION COMMITTEE, THE FOUNDATION PROVIDES WORLD CLASS EDUCATION THROUGH SEMINARS. MODERATORS AND PANELISTS ARE CONVENED AT TALES OF THE COCKTAIL TO PRESENT IDEAS, TRENDS, BEST PRACTICES TO THE GLOBAL DRINKS INDUSTRY.GRANTS: THROUGH THE FOUNDATIONS GRANT-MAKING PROGRAM, THE FOUNDATION SUPPORTS EMERGING AND EXISTING PROGRAMS AND ORGANIZATIONS THAT DEMONSTRATE A VISION, DETERMINATION, AND ABILITY TO MAKE MEANINGFUL CHANGE IN THE GLOBAL DRINKS INDUSTRY ACROSS A SPECTRUM OF DIVERSE TOPICS. GRANTS ARE EVALUATED AND SELECTED BY THE PHILANTHROPY AND DEVELOPMENT COMMITTEE.POLICY: THE FOUNDATION CONTINUED ITS WORK RESEARCHING AND ADVOCATING FOR BETTER SUPPORT OF U.S. BASED HOSPITALITY WORKERS WITHIN THE DRINKS INDUSTRY, WITH SUPPORTING FUNDS FROM THE CONRAD N. HILTON FOUNDATION.PARTNERSHIP PROGRAMS: THE FOUNDATION PARTNERS WITH BRANDS TO PROVIDE BRAND AWARENESS, SUPPORT CAMPAIGNS AND/OR COMPETITIONS THAT ARE ALIGNED WITH THE FOUNDATIONS MISSION AND OFFER OPPORTUNITIES TO THE GLOBAL DRINKS INDUSTRY.COCKTAIL APPRENTICE PROGRAM: THE COCKTAIL APPRENTICE PROGRAM IS AN EXCLUSIVE MENTORSHIP PROGRAM FOR UP-AND-COMING BARTENDERS TO LEARN ALONGSIDE SOME OF THE BIGGEST NAMES IN THE BUSINESS DURING FIVE DAYS OF TALES OF THE COCKTAIL. SINCE 2008, NEARLY 500 APPRENTICES HAVE GAINED EXTENSIVE EXPERIENCE WORKING AND MANAGING LARGE-SCALE, HIGH-VOLUME EVENTS WHILE PROVIDING AN INVALUABLE SERVICE TO TALES OF THE COCKTAIL FOUNDATION AND THE INDUSTRY AS A WHOLE. THE FOUNDATION CONTINUES TO SUPPORT THE GROWING FRATERNITY OF PAST APPRENTICES BY OFFERING EXCLUSIVE OPPORTUNITIES FOR SCHOLARSHIPS AND FINANCIAL AID TO FURTHER SUPPORT THEIR GROWTH WITHIN THE INDUSTRY.
TALES OF THE COCKTAIL: TALES OF THE COCKTAIL IS EQUAL PARTS COCKTAIL CONFERENCE AND FAMILY REUNION, FEATURING A SCHEDULE OF EDUCATIONAL SEMINARS, TASTINGS, COMPETITIONS, AND NETWORKING EVENTS REPRESENTING THE LATEST THE GLOBAL DRINKS INDUSTRY HAS TO OFFER. SUPPORTED BY THE EDUCATION COMMITTEE AND COCKTAIL APPRENTICE PROGRAM (RECRUITING AND TRAINING AND EXECUTING THOUSANDS OF DRINKS FOR THE CONFERENCE), THIS ANNUAL EVENT PROVIDES EDUCATION, TRAINING AND RESOURCES (INCLUDING MENTAL HEALTH AND WELLNESS ACTIVATIONS THROUGH BEYOND THE BAR) TO THE DRINKS COMMUNITY.SINGAPORE X TALES: IN JULY 2022, TALES OF THE COCKTAIL FOUNDATION ANNOUNCED A PARTNERSHIP WITH THE SINGAPORE TOURISM BOARD TO HIGHLIGHT THE CULTURE AND TALENT WITHIN THE ISLAND NATION. FEATURING TWO ACTIVATIONS AT TALES OF THE COCKTAIL IN 2022, SINGAPORE BARS AND TALENT WERE INTEGRATED ACROSS MULTIPLE FOUNDATION PROGRAMS IN 2023 INCLUDING THE ANNOUNCEMENT OF THE SPIRITED AWARDS NOMINATION PERIOD AND REGIONAL HONOREES, A DIGITAL MARKETING CAMPAIGN, AND A RESIDENCY AT TALES OF THE COCKTAIL 2023.EDUCATION: GUIDED BY THE EDUCATION COMMITTEE, THE FOUNDATION PROVIDES WORLD CLASS EDUCATION THROUGH SEMINARS. MODERATORS AND PANELISTS ARE CONVENED AT TALES OF THE COCKTAIL TO PRESENT IDEAS, TRENDS, BEST PRACTICES TO THE GLOBAL DRINKS INDUSTRY.GRANTS: THROUGH THE FOUNDATIONS GRANT-MAKING PROGRAM, THE FOUNDATION SUPPORTS EMERGING AND EXISTING PROGRAMS AND ORGANIZATIONS THAT DEMONSTRATE A VISION, DETERMINATION, AND ABILITY TO MAKE MEANINGFUL CHANGE IN THE GLOBAL DRINKS INDUSTRY ACROSS A SPECTRUM OF DIVERSE TOPICS. GRANTS ARE EVALUATED AND SELECTED BY THE PHILANTHROPY AND DEVELOPMENT COMMITTEE.POLICY: THE FOUNDATION CONTINUED ITS WORK RESEARCHING AND ADVOCATING FOR BETTER SUPPORT OF U.S. BASED HOSPITALITY WORKERS WITHIN THE DRINKS INDUSTRY, WITH SUPPORTING FUNDS FROM THE CONRAD N. HILTON FOUNDATION.PARTNERSHIP PROGRAMS: THE FOUNDATION PARTNERS WITH BRANDS TO PROVIDE BRAND AWARENESS, SUPPORT CAMPAIGNS AND/OR COMPETITIONS THAT ARE ALIGNED WITH THE FOUNDATIONS MISSION AND OFFER OPPORTUNITIES TO THE GLOBAL DRINKS INDUSTRY.COCKTAIL APPRENTICE PROGRAM: THE COCKTAIL APPRENTICE PROGRAM IS AN EXCLUSIVE MENTORSHIP PROGRAM FOR UP-AND-COMING BARTENDERS TO LEARN ALONGSIDE SOME OF THE BIGGEST NAMES IN THE BUSINESS DURING FIVE DAYS OF TALES OF THE COCKTAIL. SINCE 2008, NEARLY 500 APPRENTICES HAVE GAINED EXTENSIVE EXPERIENCE WORKING AND MANAGING LARGE-SCALE, HIGH-VOLUME EVENTS WHILE PROVIDING AN INVALUABLE SERVICE TO TALES OF THE COCKTAIL FOUNDATION AND THE INDUSTRY AS A WHOLE. THE FOUNDATION CONTINUES TO SUPPORT THE GROWING FRATERNITY OF PAST APPRENTICES BY OFFERING EXCLUSIVE OPPORTUNITIES FOR SCHOLARSHIPS AND FINANCIAL AID TO FURTHER SUPPORT THEIR GROWTH WITHIN THE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Wayner Chief Executive Officer | 40 | $142,600 | |
Gary N Solomon Sr Director | OfficerTrustee | 5 | $0 |
Gary N Solomon Jr Director | OfficerTrustee | 10 | $0 |
Neal Bodenheimer Director | OfficerTrustee | 10 | $0 |
Eileen Wayner Chief Executive Officer | 40 | $142,600 | |
Gary N Solomon Sr Director | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Team Enterprises Brand Development And Mai | 12/30/22 | $505,800 |
Zehender Communications Media | 12/30/22 | $399,808 |
The Ritz Carlton Lodging | 12/30/22 | $361,880 |
Offsite Llc It Services | 12/30/22 | $278,140 |
Design Foundry Event Design | 12/30/22 | $164,994 |
Team Enterprises Brand Development And Mai | 12/30/22 | $505,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,018 |
| Total Program Service Revenue | $4,048,807 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $4,556,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,600 |
| Grants and other assistance to domestic individuals. | $41,793 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,079,741 |
| Compensation of current officers, directors, key employees. | $56,918 |
| 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 | $29,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $408,523 |
| Office expenses | $143,203 |
| Information technology | $70,032 |
| Royalties | $0 |
| Occupancy | $3,174 |
| Travel | $127,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,218 |
| Interest | $70,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,539 |
| Insurance | $13,512 |
| All other expenses | $0 |
| Total functional expenses | $4,679,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,725 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $792,621 |
| 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 | $71,346 |
| Net Land, buildings, and equipment | $3,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,594 |
| Total assets | $1,572,536 |
| Accounts payable and accrued expenses | $437,193 |
| Grants payable | $0 |
| Deferred revenue | $363,172 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $846,403 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $746,958 |
| Other liabilities | $1 |
| Total liabilities | $2,393,727 |
| Net assets without donor restrictions | -$1,101,362 |
| Net assets with donor restrictions | $280,171 |
| 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 | $1,572,536 |
Grants Awarded
Over the last fiscal year, Tales Of The Cocktail Foundation Inc has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING TABLES PURPOSE: TO PROVIDE HANDS-ONTRAINING, MENTORSHIP, INDUSTRY EXPOSURE, AND WRAP-AROUND SUPPORT SERVICES ENABLING YOUNG PEOPLE OF COLOR TO LAUNCH SUCCESSFUL CAREERS IN THE DRINKS INDUSTRY. | $12,500 |
MADE IN NEW ORLEANS (MINO) FOUNDATION INC PURPOSE: TO BENEFIT MINO'SEQUITY PROGRAM, PROVIDING PRACTICAL TOOLS TO CREATE UNIFIED AND EQUITABLE WORKSPACES. THEEIGHT-MONTH PROGRAM WILL PROVIDE CUSTOMIZED SOLUTIONS TO IMPROVE BUSINESS AND DRIVE GROWTHFOR MANAGEMENT, STAFF, AND PATRONS. | $12,500 |
HISTORIC LOCUST GROVE INC PURPOSE: TO, IN PARTNERSHIP WITH HISTORIC LOCUST GROVE, BEGIN THE FARM DISTILLED PROJECT. THE PROJECT WILL EQUIP UNDERREPRESENTED FOOD AND BEVERAGE TALENT, WOMEN AND PEOPLE OF COLOR, TO EXPLORE PROFESSIONAL DEVELOPMENT AND ENTREPRENEURSHIP IN THE SPIRITS INDUSTRY THROUGH THE EXPLORATION OF HISTORY AND TRADE. IN ADDITION, THE PROJECT AIMS TO ADVOCATE FOR THE EMPLOYMENT OF THIS TALENT POOL TO FULFILL PROJECTED WORKFORCE SHORTAGES. | $25,000 |
ANOTHER ROUND ANOTHER RALLY PURPOSE: HURRICANE IDA RELIEF | $10,000 |