Vero Beach Wine And Film Festival Inc
- Assets
- $100.5k
- Revenue
- $165.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3287885
Organization Overview
Vero Beach Wine And Film Festival Inc is located in Vero Beach, FL. The organization was established in 2018. According to its NTEE Classification (A31) the organization is classified as: Film & Video, 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. Vero Beach Wine And Film 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 12/2022, Vero Beach Wine And Film Festival Inc generated $165.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $164.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VERO BEACH WINE AND FILM FESTIVAL IS TO CONNECT ARTISTS AND AUDIENCES TO CREATE INSPIRED ACTION. IT CELEBRATES INDEPENDENT CINEMATIC STORYTELLING AND ENRICHES THE COMMUNITY CULTURALLY AND ECONOMICALLY. THE ANNUAL WORLD-CLASS INTERNATIONAL FILM FESTIVAL HAS GROWN INTO A COMMUNITY ARTS ORGANIZATION WHICH PRESENTS COMPELLING PROGRAMMING THROUGHOUT THE YEAR. INCREASE OVERALL TOURISM IN INDIAN RIVER COUNTY BY BRINGING TOGETHER WINE, FOOD AND FILM AND GIVING INDIAN RIVER COUNTY RESIDENTS THE OPPORTUNITY TO SUPPORT THE GROWTH OF INDEPENDENT FILMMAKING WORLDWIDE. THE EXHIBITIONS OF INDEPENDENT FILMS ARE ENJOYED BY 2500+ INDIVIDUALS YEAR-ROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERO BEACH FILM FESTIVAL IS A NON-PROFIT ARTS ORGANIZATION THAT CELEBRATES INDEPENDENT FILMMAKING AND ENRICHES OUR COMMUNITY, BOTH CULTURALLY AND ECONOMICALLY. WE LOVE FILM BECAUSE IT INTRODUCES US TO NEW PLACES, TOUCHES OUR HEARTS, AND CAN HELP US TO FIND SOLUTIONS IN THESE CHALLENGING TIMES.WE HAVE HOSTED HUNDREDS OF FILMMAKERS FROM AROUND THE GLOBE AND SCREENED HUNDREDS OF FILMS, FROM COMEDIES AND DRAMAS TO DOCUMENTARIES AND SHORTS.DURING THE FESTIVAL, THE COASTAL TOWN OF VERO BEACH OFFERS RED-CARPET SCREENINGS, WELL-ATTENDED PARTIES, AND FILMMAKER EVENTS SUPPORTING INDEPENDENT AND STUDENT FILMMAKERS.MOST IMPORTANTLY, THE FESTIVAL GIVES BACK TO VERO BEACH WITH FREE COMMUNITY SCREENINGS AND THOUSANDS OF DOLLARS IN DONATIONS TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Yakir President | OfficerTrustee | 60 | $0 |
Gary Mastro Secretary | OfficerTrustee | 10 | $0 |
Kelly P Kite Jr Director | Trustee | 10 | $0 |
Anthony Aruffo Treasurer | OfficerTrustee | 10 | $0 |
Heather Stapleton Director | Trustee | 5 | $0 |
Xaque Gruber Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,508 |
| Total Program Service Revenue | $98,758 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,541 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,295 |
| Advertising and promotion | $37,389 |
| Office expenses | $1,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,663 |
| Travel | $914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,182 |
| All other expenses | $16,212 |
| Total functional expenses | $164,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $100,511 |
| Accounts payable and accrued expenses | $21,920 |
| Grants payable | $0 |
| Deferred revenue | $495 |
| 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 | $126,128 |
| Other liabilities | $0 |
| Total liabilities | $148,543 |
| 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 | -$48,032 |
| Total liabilities and net assets/fund balances | $100,511 |