Totals
- Total revenue
- $7,379
- Total expenses
- $9,299
- Contributions and grants received
- $11,167
- Grants paid
- not reported
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- $1,691
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- -$5,479
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $109,248
- Total liabilities, end of year
- $36,600
- Net assets or fund balances, end of year
- $72,648
- Program service expenses (Part III)
- $17,198
Program services were 184.9% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2023
Primary exempt purpose
THE MEMPHIS FOOD AND WINE FESTIVAL ("THE FESTIVAL") WAS CREATED IN 2015 TO SHOWCASE CULINARY EXCELLENCE OF LOCAL, ACCLAIMED REGIONAL, NATIONAL AND INTERNATIONAL CHEFS, VINTNERS, AND CERTIFIED SOMMELIERS IN ORDER TO BENEFIT THE MEMPHIS COMMUNITY. THE PROCEEDS FROM EACH FESTIVAL WILL BE USED TO BENEFIT A LOCAL CHARITY.
-
THE FESTIVAL IS USED AS A TOOL TO RAISE FUNDS FOR A CHARITY LOCATED IN THE MEMPHIS/SHELBY COUNTY, TENNESSEE COMMUNITY THAT IS SELECTED BY THE BOARD OF DIRECTORS EACH YEAR WHICH REPRESENTS THE ORGANIZATION'S ONLY PROGRAM.FROM TIME TO TIME THE FORMAL FESTIVAL IS NOT HELD FOR VARIOUS REASONS SUCH AS AVAILABILITY OF LOCAL, REGIONAL AND WORLD RENOWNED CHEFS, SECURING AN APPROPRIATE VENUE OR SPECIAL LOGISTICS REQUIRED FOR THE EVENT. IN 2023, A FORMAL EVENT WAS NOT HELD; THEREFORE, THE REVENUE FROM THE EVENT, CONTRIBUTIONS, EXPENSES AND THE LOCAL CHARITY GRANT ARE SIGNIFICANTLY LOWER THAN A YEAR IN WHICH THE EVENT IS HELD.
Expenses $17,198
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Jose GutierrezJOSE GUTIERREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Wally JoeWALLY JOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Albert LaroccaALBERT LAROCCA
CHAIRMAN/TREASURER/DIRECTO
- Total calculated
- $0
- Hours/week
- 5
-
David BensonDAVID BENSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Robert ChimentiROBERT CHIMENTI
SECRETARY/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443119349200104
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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