Society Of Wine Educators Inc
- Assets
- $672.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 07/1979
- Data as of
- 12/2023
- EIN
- 22-2238037
Organization Overview
Society Of Wine Educators Inc is located in Washington, DC. The organization was established in 1979. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Society Of Wine Educators Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Wine Educators 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 12/2023, Society Of Wine Educators Inc generated $1.0m 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 (6.6%) each year. All expenses for the organization totaled $874.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE MEMBERS AND OTHERS ABOUT WINE AND SPIRITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CLASSES AND CERTIFICATIONS
ANNUAL CONFERENCE: A THREE-DAY MEETING FOCUSING ON SOCIETY ACTIVITIES AND EDUCATIONAL SEMINARS.
COMMUNICATIONS AND SOCIAL MEDIA OUTREACH TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margie Ferree Jones President | OfficerTrustee | 5 | $0 |
Margaret Hansen First Vice President | OfficerTrustee | 2 | $0 |
Lisa Kozloff Second Vice President | OfficerTrustee | 2 | $0 |
Adam Acquistapace Treasurer | OfficerTrustee | 2 | $0 |
Madison Kreamer Secretary | OfficerTrustee | 2 | $0 |
Missi Holle Imm Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $212,186 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,106 |
| Noncash contributions included in lines 1a–1f | $5,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,292 |
| Total Program Service Revenue | $774,685 |
| Investment income | $19,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,022,151 |
| 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. | $323,543 |
| Compensation of current officers, directors, key employees. | $80,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,422 |
| Pension plan accruals and contributions | $7,500 |
| Other employee benefits | $88,136 |
| Payroll taxes | $47,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,558 |
| Fees for services: Accounting | $26,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,297 |
| Advertising and promotion | $0 |
| Office expenses | $12,533 |
| Information technology | $2,400 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,432 |
| Insurance | $11,698 |
| All other expenses | $3,826 |
| Total functional expenses | $874,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,788 |
| 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 | $4,980 |
| Net Land, buildings, and equipment | $907 |
| Investments—publicly traded securities | $573,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,714 |
| Total assets | $672,217 |
| Accounts payable and accrued expenses | $125,377 |
| Grants payable | $0 |
| Deferred revenue | $2,314 |
| 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 | $0 |
| Total liabilities | $127,691 |
| Net assets without donor restrictions | $544,526 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $672,217 |