Overview
What is The Cincinnati International Wine Festival Inc?
The Cincinnati International Wine Festival Inc is a nonprofit organization situated in Cincinnati, Ohio, specifically at 11159 KENWOOD RD STE F, 45242. Their primary mission revolves around promoting the wine industry while raising funds for local charities. They accomplish this by hosting various wine-themed fundraising events. During the fiscal year ending on June 30, 2022, the organization generously donated a substantial sum of $522,100 to 32 charities that focus on arts, education, and health and human services. The organization annually publishes a "Report to the Community" to highlight their events and the charities they impact. Since its inception, they have granted over $6.7 million to worthy causes over the past 32 years. Their activities primarily involve organizing wine-centered events, with the profits from these events contributing to their charitable endeavors. The nonprofit currently employs a team of five individuals. You can learn more about their achievements and upcoming events by visiting their website, winefestival.com.
Official website here: www.winefestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
The Cincinnati International Wine Festival Inc has received a Two-Star rating, indicating some areas of concern in its operational practices. While the organization exhibits strong accountability in certain metrics, such as having a majority of independent board members and no material diversion of assets, it lacks several key policies like a conflict of interest policy, a whistleblower policy, and a document retention policy. These gaps could raise concerns about governance and transparency.
On the positive side, the festival shows a healthy program expense ratio of 87.10%, demonstrating that a significant portion of its budget is allocated towards its mission-related activities. The organization boasts a low liabilities to assets ratio of 8.92%, which suggests financial stability. Furthermore, documentation practices appear to be adequate, with board meeting minutes being maintained properly.
However, the absence of essential governance policies could pose risks to the organization’s operational integrity and stakeholder trust. As the charity aims to grow and improve its impact, addressing these shortcomings would be crucial for enhancing its overall effectiveness and accountability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Cincinnati International Wine Festival Inc legitimate?
The Cincinnati International Wine Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cincinnati International Wine Festival Inc 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: $109,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,868
For more financial information, click here
Official website here: www.winefestival.com
What is the mission statement of The Cincinnati International Wine Festival Inc?
The Cincinnati International Wine Festival Inc's mission is centered around promoting the wine industry while raising funds for local charities. To achieve this, the organization hosts a series of wine-themed fundraising events. A substantial portion of the earnings from these events is donated annually to various charities, supporting causes in arts, education, and health and human services. For instance, during the fiscal year ending in June 2022, they contributed $522,100 to 32 such charities. The organization regularly publishes a report to the community to showcase their events and the charities they impact. Over the past 32 years, they have granted more than $6.7 million to these causes.
Official website here: www.winefestival.com
Who is the CEO of The Cincinnati International Wine Festival Inc?
Constance Wiles is the Treasurer of The Cincinnati International Wine Festival Inc.
Official website here: www.winefestival.com
What is the revenue of The Cincinnati International Wine Festival Inc?
The Cincinnati International Wine Festival Inc's revenue in 2022 was $1,047,504.
Official website here: www.winefestival.com
Who are the executives of The Cincinnati International Wine Festival Inc and what are their salaries?
The average compensation at The Cincinnati International Wine Festival Inc during 2022 was $34,799. There are 5 employees and 225 volunteers at The Cincinnati International Wine Festival Inc.
Here are 13 key members and their salaries:
- Compensation: $18,170
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $23,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $78,658
- Related: $0
- Other: $2,360
- Compensation: $11,667
- Related: $0
- Other: $0
Official website here: www.winefestival.com
Where can I find the form 990 for The Cincinnati International Wine Festival Inc?
The Cincinnati International Wine Festival Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winefestival.com
Learn more at the official website: www.winefestival.com
Mission Statement of The Cincinnati International Wine Festival Inc
The Cincinnati International Wine Festival Inc is committed to promoting the wine industry and raising funds for local charities. This organization achieves its mission by organizing various wine-themed fundraising events. The profits generated from these events are then distributed to a variety of charities that focus on arts, education, and health and human services. In the fiscal year ending June 30, 2022, the organization contributed an impressive $522,100 to 32 such charities. The Cincinnati International Wine Festival Inc takes pride in its transparency, annually publishing a "Report to the Community" to showcase its events and the charities they impact. Over the past 32 years, the organization has granted more than $6.7 million to these worthy causes.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Cincinnati International Wine Festival Inc significantly enhances both the wine industry and local communities. By sponsoring various wine-themed fundraising events, the organization successfully raises funds that are then distributed to support local charities. In the fiscal year ending June 30, 2022, it contributed $522,100 to 32 different charities focused on arts, education, and health and human services.
Over its 32-year history, the festival has granted more than $6.7 million to a wide range of charitable organizations, underscoring its long-term commitment to community betterment. The annual "Report to the Community" highlights the impact of their efforts and the recipients of their generosity, fostering transparency and community engagement. The festival not only promotes appreciation for wine but also plays a vital role in supporting and uplifting local initiatives that benefit residents in Cincinnati and beyond.
This information is meant to be a general summary of The Cincinnati International Wine Festival Inc. 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 2022.
- Investment Income: $107,720
- Program Service Revenue: $541,919
- Gross Receipts: $1,276,141
Assets and Liabilities:
- Total Assets: $1,438,995
- Total Liabilities: $291,065
- Net Assets: $1,147,930
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WINE FESTIVAL
Revenue
$541,919
Organization Details
Founding Year
1994
Phone
(513) 241-3434Principal Officer
Constance Wiles
Main Address
11159 KENWOOD RD STE F, CINCINNATI, OH, 45242
Website
www.winefestival.comNTEE Category
Code: N520 - Recreation
If you are a representative of The Cincinnati International Wine Festival Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.