Overview
What is Nashville Wine Auction?
Nashville Wine Auction is a nonprofit organization situated in Nashville, Tennessee, specifically at 2416 21st Avenue South Suite 101. Their primary focus is to unite local and international wine enthusiasts by organizing various wine-related events. The primary objective of these events is to generate funds intended for combating cancer. The organization, with a team of eight dedicated individuals, leverages its events to make a significant impact in this noble cause.
Official website here: www.nashvillewineauction.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
Nashville Wine Auction has received a commendable Four-Star rating from Charity Navigator, reflecting a robust commitment to accountability and finance. With a high score of 93% in this area, the organization demonstrates effective management and a transparent operational structure. The rating emphasizes the charity's strong governance, as evidenced by its fully independent board and comprehensive oversight measures.
Strengths of the Nashville Wine Auction include its solid financial health, with a program expense ratio of 76.04%, indicating that a significant portion of its funds directly supports its mission. The organization also excels in fundraising efficiency, operating at a cost of just $0.16 for every dollar raised, highlighting its effective approach to generating support. Additionally, the presence of well-defined policies for conflict of interest and whistleblower protection showcases a commitment to ethical practices.
One limitation noted is the liabilities to assets ratio of 43.10%, which suggests some potential financial risk; however, this figure remains relatively manageable. The working capital ratio of 0.55 years indicates a slight concern regarding liquidity. Overall, while Nashville Wine Auction exhibits strong financial and operational practices, stakeholders may want to keep an eye on these financial ratios for ongoing stability.
This AI summary has been generated from information found on Charity Navigator.
Is Nashville Wine Auction legitimate?
Nashville Wine Auction is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nashville Wine Auction 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: $145,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $413,508
For more financial information, click here
Official website here: www.nashvillewineauction.com
What is the mission statement of Nashville Wine Auction?
The Nashville Wine Auction's mission involves engaging both local and global wine communities to organize wine-related events. The primary objective of these events is to generate funds for the fight against cancer. By bringing together wine enthusiasts, the organization aims to make a significant impact in cancer research and treatment efforts. The Nashville Wine Auction serves as a platform that leverages the passion for wine to contribute to a noble cause. It is an initiative that fosters a sense of unity among wine lovers, while simultaneously making strides in cancer research and patient care.
Official website here: www.nashvillewineauction.com
Who is the CEO of Nashville Wine Auction?
Loren L Chumley is the President & Ceo of Nashville Wine Auction. The CEO's salary of Nashville Wine Auction is $145,357 and their total compensation is $145,357.
Official website here: www.nashvillewineauction.com
What is the revenue of Nashville Wine Auction?
Nashville Wine Auction's revenue in 2022 was $3,838,079.
Official website here: www.nashvillewineauction.com
Who are the executives of Nashville Wine Auction and what are their salaries?
The average compensation at Nashville Wine Auction during 2022 was $69,858. There are 8 employees and 101 volunteers at Nashville Wine Auction.
Here are 24 key members and their salaries (Nashville Wine Auction's CEO's salary is $145,357 and their total compensation is $145,357):
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Official website here: www.nashvillewineauction.com
Where can I find the form 990 for Nashville Wine Auction?
Nashville Wine Auction's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nashvillewineauction.com
Learn more at the official website: www.nashvillewineauction.com
Mission Statement of Nashville Wine Auction
Nashville Wine Auction is an organization that brings together local and global wine enthusiasts to organize wine-centric events. Their primary objective is to utilize these events as a platform to raise funds in the fight against cancer. By engaging with the wine community, Nashville Wine Auction aims to make a significant impact in combating this disease.
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Impact
July, 2024
Nashville Wine Auction's impact can be seen in its efforts to engage local and world wine communities to raise money to fight cancer. Through wine-related events, this organization contributes to supporting medical research and making a difference in the battle against cancer.
This information is meant to be a general summary of Nashville Wine Auction. 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: $8,169
- Gross Receipts: $3,838,079
Assets and Liabilities:
- Total Assets: $3,146,228
- Total Liabilities: $1,542,480
- Net Assets: $1,603,748
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Organization Details
Founding Year
1980
Phone
(615) 329-1760Principal Officer
Loren L Chumley
Main Address
2416 21st Avenue South Suite 101, Nashville, TN, 37212
Website
www.nashvillewineauction.comNTEE Category
Code: H123 - Medical research
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