Albany Food And Wine Festival Inc
- Assets
- $12.0k
- Revenue
- $106.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 27-1439426
Organization Overview
Albany Food And Wine Festival Inc is located in Albany, NY. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Food And Wine Festival 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 06/2022, Albany Food And Wine Festival Inc generated $106.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $98.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albany Food And Wine Festival Inc has awarded 25 individual grants totaling $503,439. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CONDUCTS A FOOD AND WINE FESTIVAL EACH JANUARY TO SHOWCASE AREA CHEFS, RESTAURANTS, WINE & SPIRIT COMPANIES IN AND AROUND DOWNTOWN ALBANY AND AS A FUNDRAISER FOR LOCAL ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S ANUUAL FESTIVAL RAISED REVENUE TO FUND CONTRIBUTIONS TO LOCAL ARTS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Widjiono Purnomo Board Chair | OfficerTrustee | 1 | $0 |
Robert Macnamara Vice Chairma | OfficerTrustee | 1 | $0 |
Marcus Pryor President | OfficerTrustee | 3 | $0 |
Neerav Patel Vice Preside | OfficerTrustee | 1 | $0 |
Brian Murphy Secretary | OfficerTrustee | 1 | $0 |
Marie Zimmerman Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,443 |
| Total Program Service Revenue | $0 |
| 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 | $11,574 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,750 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $1,080 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,160 |
| Advertising and promotion | $14,501 |
| Office expenses | $3,285 |
| Information technology | $2,132 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,363 |
| All other expenses | $0 |
| Total functional expenses | $97,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $12,023 |
| Accounts payable and accrued expenses | $2,964 |
| 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 | $0 |
| Total liabilities | $2,964 |
| Net assets without donor restrictions | $9,059 |
| 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 | $12,023 |
Grants Awarded
Over the last fiscal year, Albany Food And Wine Festival Inc has awarded $43,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE PALACE PERFORMING ARTS PURPOSE: GENERAL SUPPORT | $9,000 |
CAPITAL REPERTORY COMPANY PURPOSE: GENERAL SUPPORT | $13,000 |
ALBANY BARN INC PURPOSE: GENERAL SUPPORT | $12,000 |
PARK PLAYHOUSE INC PURPOSE: GENERAL SUPPORT | $9,000 |