Overview
What is Washington Wine Industry Foundation?
The Washington Wine Industry Foundation is a nonprofit organization, established in 2001, dedicated to supporting and enhancing the Washington wine industry. They achieve this mission through various activities, such as providing scholarships, organizing educational events, and engaging in industry outreach. In 2022, they awarded $46,000 in scholarships to students pursuing careers in the wine industry. The foundation raises funds through events like the Party and Auction and the Wine Cup Golf Tournament. They also work on grants, including one from USDA APHIS Farm Bill FY 2018 and another for FY 2019, aimed at harmonizing grape vine nursery stock certification programs in the Pacific Northwest. Additionally, they were awarded two new grants, one from WSDA and another from the National Clean Plant Network. As a 501(C)(3), the foundation serves as a platform for individuals who care about the wine industry to contribute to scholarships, education, outreach, and research, thereby advancing the excellence of the Washington wine industry.
Official website here: www.washingtonwinefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Washington Wine Industry Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid score based entirely on its Accountability & Finance beacon. This score signifies that the organization has demonstrated a satisfactory level of fiscal responsibility and transparency, which is crucial for potential donors assessing the charity's credibility.
Strengths of the foundation include a fully independent board of directors, with 100% of members being independent, and no material diversion of assets reported. The organization has also shown strong financial ratios, including a liabilities to assets ratio of just 1.44% and a program expense ratio of 69.48%, indicating a healthy financial structure that effectively allocates funds towards its mission.
However, there are notable limitations in governance policies; the foundation lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for ensuring ethical practices. Addressing these gaps could further enhance the organization's accountability and trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Wine Industry Foundation legitimate?
Washington Wine Industry Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Wine Industry 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.
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For more financial information, click here
Official website here: www.washingtonwinefoundation.org
What is the mission statement of Washington Wine Industry Foundation?
The Washington Wine Industry Foundation, as a nonprofit organization, serves as a fundraising and gift-receiving entity for the Washington wine industry and other donor-designated organizations. Established in 2001, it operates as a 501(C)(3), aiming to engage individuals who care about the wine industry. The foundation's mission is to enhance scholarships, education, outreach, and research within the industry. By supporting the foundation, individuals contribute to the advancement of the excellence in the Washington wine industry, providing opportunities for scholarly pursuits, educational events, and industry outreach. The foundation also promotes research in the field, ultimately contributing to the development and growth of the Washington wine and grape industry.
Official website here: www.washingtonwinefoundation.org
Who is the CEO of Washington Wine Industry Foundation?
Cory Brown is the Director of Washington Wine Industry Foundation.
Official website here: www.washingtonwinefoundation.org
What is the revenue of Washington Wine Industry Foundation?
Washington Wine Industry Foundation's revenue in 2022 was $550,628.
Official website here: www.washingtonwinefoundation.org
Who are the executives of Washington Wine Industry Foundation and what are their salaries?
There 12 volunteers at Washington Wine Industry Foundation.
Here are 12 key members and their salaries:
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Official website here: www.washingtonwinefoundation.org
Where can I find the form 990 for Washington Wine Industry Foundation?
Washington Wine Industry Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.washingtonwinefoundation.org
Learn more at the official website: www.washingtonwinefoundation.org
Mission Statement of Washington Wine Industry Foundation
The Washington Wine Industry Foundation, established as a 501(c)(3) organization in 2001, serves as the fundraising and gift-receiving entity for the Washington wine industry and other designated organizations. Its primary mission is to provide opportunities that enhance scholarships, education, outreach, and research within the wine industry. The foundation engages individuals who are passionate about the industry, aiming to advance its excellence. By supporting the Washington Wine Industry Foundation, contributors help strengthen various aspects of the sector, including scholarships, educational events, and industry outreach. The organization's activities also extend to information donations, research, and promotion, ensuring the continuous growth and recognition of the Washington wine and grape industry.
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Impact
July, 2024
The Washington Wine Industry Foundation positively impacts the Washington wine and grape industry by providing scholarships, educational events, industry outreach, information donations, research, and promotion of the industry. In 2022, the foundation awarded $46,000 in scholarship funds to 11 students pursuing careers in the wine industry. They also organized fundraisers to support general operations and the scholarship program. Additionally, the foundation worked on securing grants for important projects, such as harmonizing grapevine nursery stock certification programs in the Pacific Northwest. Overall, the foundation plays a key role in advancing the excellence of the Washington wine industry and supporting its community improvement.
This information is meant to be a general summary of Washington Wine Industry 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 2022.
- Investment Income: $13,830
- Program Service Revenue: $43,388
- Gross Receipts: $627,015
Assets and Liabilities:
- Total Assets: $563,659
- Total Liabilities: $4,650
- Net Assets: $559,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$43,388
Organization Details
Founding Year
2001
Phone
(509) 782-1108Principal Officer
Cory Brown
Main Address
PO BOX 716, CASHMERE, WA, 98815
NTEE Category
Code: S20 - Community improvement
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