Overview
What is Wine Spectator California Scholarship Foundation?
The Wine Spectator California Scholarship Foundation is a nonprofit organization based in New York City, specifically at 825 8th Avenue, New York, NY 10019. Their primary mission is to award scholarships and honors annually to secondary school students with the aim of helping them pursue careers in the wine industry. This is achieved through a three-day seminar and wine tasting event, known as 'The Wine Experience,' which raises funds for the foundation. The proceeds from this event also contribute to educational programs conducted by grant beneficiaries. Overall, the Wine Spectator California Scholarship Foundation aims to support and nurture future talents in the wine industry.
Is Wine Spectator California Scholarship Foundation legitimate?
Wine Spectator California Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wine Spectator California Scholarship Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $914,585
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What is the mission statement of Wine Spectator California Scholarship Foundation?
The Wine Spectator California Scholarship Foundation's mission is centered around providing financial aid to students who wish to pursue a career in the wine industry. They achieve this by awarding scholarships and honorariums on an annual basis. The organization raises funds for these scholarships through events such as a 3-day seminar and wine tasting event held in New York City. Additionally, the foundation supports educational programs conducted by grant beneficiaries, further contributing to the development of the wine industry's future talent pool.
What is the revenue of Wine Spectator California Scholarship Foundation?
Wine Spectator California Scholarship Foundation's revenue in 2024 was $6,873,926.
Who are the executives of Wine Spectator California Scholarship Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wine Spectator California Scholarship Foundation?
Wine Spectator California Scholarship Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Wine Spectator California Scholarship Foundation
The Wine Spectator California Scholarship Foundation is committed to providing scholarships and awards annually to students who demonstrate a strong interest in pursuing a career within the wine industry. This nonprofit organization's mission is to support the educational aspirations of these individuals, enabling them to gain the necessary knowledge and skills to succeed in this field.
To achieve its mission, the Wine Spectator California Scholarship Foundation organizes various events, such as the Wine Experience held in New York City. This three-day seminar and wine tasting event not only raises funds for the foundation but also contributes to educational programs conducted by grant beneficiaries. The funds raised through these events are then used to award scholarships to deserving secondary school students, enabling them to pursue their dreams in the wine industry.
In essence, the Wine Spectator California Scholarship Foundation serves as a beacon of hope and opportunity for those with a passion for the wine industry. By providing financial support and educational opportunities, the foundation aims to foster the next generation of wine industry professionals, ensuring that the industry continues to thrive and evolve.
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Impact
October, 2024
The Wine Spectator California Scholarship Foundation plays a significant role in advancing education and career opportunities within the wine industry. By awarding scholarships and honorariums annually, the foundation supports secondary school students who aspire to enter this field. Through fundraising events like The Wine Experience, held in New York City, the foundation generates essential funds that directly benefit students pursuing education in viticulture, enology, and other wine-related disciplines.
Moreover, the foundation's impact extends beyond individual scholarships. It contributes to various educational programs conducted by grant beneficiaries, ensuring a broader reach in fostering knowledge and skills essential for success in the wine industry. Overall, the foundation not only empowers students to achieve their educational goals but also enriches the workforce within the wine sector, promoting growth and innovation in this vibrant industry.
This information is meant to be a general summary of Wine Spectator California Scholarship Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,093,116
- Program Service Revenue: $4,817,124
- Gross Receipts: $14,798,444
Assets and Liabilities:
- Total Assets: $28,268,866
- Total Liabilities: $2,477,718
- Net Assets: $25,791,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WINE EXPERIENCE
Revenue
$4,817,124
Organization Details
Founding Year
1983
Principal Officer
Marvin R Shanken
NTEE Category
Code: B82 - Education
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