Institute Of Masters Of Wine North America Ltd
- Assets
- $119.5k
- Revenue
- $6.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2003
- Data as of
- 03/2024
- EIN
- 13-4179518
Organization Overview
Institute Of Masters Of Wine North America Ltd is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Masters Of Wine North America Ltd 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 03/2024, Institute Of Masters Of Wine North America Ltd generated $6.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $1.6k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (32.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EXCELLENCE IN THE ART, SCIENCE AND BUSINESS OF WINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Sauter-Morano President | 1 | $0 | |
Mary Gorman-Mcadams Vice President | 1 | $0 | |
Mary Gorman-Mcadams Treasurer | 1 | $0 | |
Drew Jaglom Assistant Secretary | 1 | $0 | |
Drew Jaglom Legal Counsel | 1 | $0 | |
Bree Stock Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,304 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92 |
| Total operating and administrative expenses | $1,592 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,515 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $119,515 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Institute Of Masters Of Wine North America Ltd has awarded $36,200 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREN MCPHATE PURPOSE: SCHOLARSHIP | $1,000 |
KIMBERLY SCARPONE PURPOSE: SCHOLARSHIP | $3,500 |
BRANDON SPARKS-GILLIS PURPOSE: SCHOLARSHIP | $3,500 |
NAPA VALLEY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $5,050 |
COMMUNITY FOUNDATION SONOMA COUNTY PURPOSE: GENERAL OPERATING EXPENSES | $5,050 |
LAUREN MCPHATE PURPOSE: SCHOLARSHIP | $1,000 |