New Mexico Winegrowers Association Inc
- Assets
- $508.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 85-0393236
Organization Overview
New Mexico Winegrowers Association Inc is located in Albuquerque, NM. The organization was established in 1991. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, New Mexico Winegrowers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Winegrowers Association 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 12/2022, New Mexico Winegrowers Association Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE WINE INDUSTRY OF NEW MEXICO THROUGH ALL THE STAGES, FROM VINEYARDS TO RETAIL, THROUGH MARKETING, EDUCATION, LEGISLATION, AND COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW MEXICO WINE PRODUCED MULTIPLE EDUCATION PROGRAMS IN 2022 INCLUDING A THREE-DAY WINE EDUCATION CONFERENCE IN ALBUQUERQUE IN FEBRUARY WITH OVER 100 ATTENDEES. THE PROGRAM BROUGHT IN EXPERT SPEAKERS TO HOST WORKSHOPS AND PRESENT DATA ON GRAPE RESEARCH AND WINEMAKING. THE ASSOCIATION ALSO PRODUCED "GRAPE DAY", A ONE-DAY WORKSHOP IN PARTNERSHIP WITH NEW MEXICO STATE UNIVERSITY EXTENSIONS WITH 40 IN ATTENDANCE. GRAPE DAY COVERED A VARIETY OF NEW MEXICO VITICULTURE PRACTICES, GRAPE GENETICS, AND ENOLOGICAL RESEARCH.
NEW MEXICO WINE'S STAFF AUTHORED AND SUBMITTED TWO LARGER GRANTS, AND BOTH WERE AWARDED. THE GRANT FUNDING WILL BE USED TO SUPPORT THE WINE AND GRAPE INDUSTRY IN 2022 AND BEYOND. IN 2022, NEW MEXICO WINE WAS AWARDED $1,000,000 IN VINEYARD REPLANTING AND RESTORATION FUNDS FOR VINEYARD EXPANSION. NEW MEXICO WINE WILL BE THE PASS THRU ENTITY THAT PROVIDES GRANTS TO WINERIES AND VINEYARDS ON A REIMBURSEMENT BASIS. STAFF DRAFTED THE PROGRAM PARAMETERS AND AWARDED 11 GRANTS, BUT DID NOT PAY OUT ANY GRANT REIMBURSEMENTS, AND THERE WERE NO FINANCIAL TRANSACTIONS OR REVENUE, UNTIL 2023.
THE RETURN OF OUTDOOR PUBLIC EVENTS IN 2022 ALLOWED NEW MEXICO WINE THE OPPORTUNITY TO BRING BACK THE HARVEST WINE FESTIVAL, WHICH IS ONE OF THE LARGEST CONSUMER WINE EVENTS IN THE SOUTHWEST AND ONE OF THE KEY WAYS NEW MEXICO WINERIES CAN SAMPLE AND SELL THEIR PRODUCTS DIRECTLY TO CONSUMERS. THE ANNUAL EVENT ALSO FEATURES ENGAGING ACTIVITIES LIKE FOOD AND WINE PAIRING, GRAPE STOMP, AND WINE PRODUCTION CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Padberg Director | Trustee | 0.5 | $0 |
Jasper Riddle Vice President | OfficerTrustee | 1 | $0 |
Rebecca Lescombes Treasurer | OfficerTrustee | 1 | $0 |
Sean Sheehan Director | Trustee | 0.5 | $0 |
Paolo Dandrea Director | Trustee | 0.5 | $0 |
Joshua Arnold Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,627 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,476 |
| Total Program Service Revenue | $1,253,229 |
| Investment income | $178 |
| 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 | $1,283,883 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,773 |
| Fees for services: Lobbying | $19,404 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72 |
| Advertising and promotion | $39,146 |
| Office expenses | $28,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,114 |
| Travel | $19,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,367 |
| All other expenses | $0 |
| Total functional expenses | $1,054,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,102 |
| Savings and temporary cash investments | $121,533 |
| 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 | $0 |
| 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 | $508,635 |
| Accounts payable and accrued expenses | $1,760 |
| 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 | $5,612 |
| Total liabilities | $7,372 |
| 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 | $501,263 |
| Total liabilities and net assets/fund balances | $508,635 |