Wine Market Council
- Assets
- $418.2k
- Revenue
- $369.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Yountville, CA
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 68-0344776
Organization Overview
Wine Market Council is located in Yountville, CA. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Wine Market Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wine Market Council 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 06/2023, Wine Market Council generated $369.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $357.5k during the year ending 06/2023. 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
WINE MARKET COUNCIL IS THE LEADER IN FORWARD LOOKING MARKET RESEARCH ON U.S. WINE CONSUMER BUYING HABITS, ATTITUDES AND TRENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT RESEARCH COSTS - FEES PAID TO OUTSIDE VENDORS AND CONTRACTORS PROVIDING SERVICES INCLUDING THE FIELDING OF SURVEYS, SUPPLYING QUALIFIED RESPONDENTS TO SURVEYS, AND RELATED SUPPORT SERVICES FOR THE RESEARCH INITIATIVES CONDUCTED OR DIRECTED BY WINE MARKET COUNCIL DURING THE FISCAL YEAR INCLUDING THE DEVELOPMENT, DESIGN, ANALYSIS, AND REPORTING.
MARKETING OF RESEARCH, RESEARCH INITIATIVES AND THE WINE MARKET COUNCIL ORGANIZATION TO POTENTIAL NEW MEMBERS.
PRESENTATION AND DISSEMINATION OF RESEARCH FINDINGS - ANNUAL PRESENTATION OF WMC RESEARCH PROJECTS AND FINDINGS TO MEMBERS AND INDUSTRY AS WELL AS CONTRACTOR WORK, SERVICES AND STAFF HOURS DEVOTED TO DISSEMINATE RESEARCH AND PRESENT THE RESEARCH PROJECTS UNDERTAKEN BY WINE MARKET COUNCIL DURING THE FISCAL YEAR. DUE TO COVID-19 WMC UPGRADED ZOOM CAPABILITIES TO ACCOMMODATE LARGER ATTENDANCE FOR WEBINARS IN LIEU OF LIVE EVENTS.
WINE EXECUTIVE EXCHANGE - THE PLANNED FEASIBILITY STUDY WAS COMPLETED BY THE WINE EXECUTIVE EXCHANGE (WEX) WHICH ENDED THE NEED FOR THE WEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Bergkim Cox Board Member | Trustee | 2 | $0 |
Adam Strum Board Member | Trustee | 2 | $0 |
Michaela Rodeno Board Member | Trustee | 2 | $0 |
Mike Jaeger Board Member | Trustee | 2 | $0 |
Adam Pizere Lloyd Sobel Board Member | Trustee | 2 | $0 |
Heather Jordanjerry Douglas Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $369,621 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,621 |
| Total Program Service Revenue | $0 |
| Investment income | $58 |
| 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 | $369,679 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,381 |
| Information technology | $4,811 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,430 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,517 |
| All other expenses | $0 |
| Total functional expenses | $357,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,231 |
| Savings and temporary cash investments | $0 |
| 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 | $418,231 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,075 |
| 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 | $3,075 |
| Net assets without donor restrictions | $415,156 |
| 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 | $418,231 |