Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $7,649,344 · related or exempt $7,649,344

• 2b · Program service revenue: ANNUAL CONVENTION

  total $556,866 · related or exempt $556,866

• 2c · Program service revenue: PUBLICATIONS

  total $394,295 · related or exempt $394,295

• 3 · Investment income

  total $238,620 · excluded $238,620

• 5 · Royalties

  total $27,151 · excluded $27,151

• 7a · Gross sales of assets other than inventory

  securities $30,328,862

• 7b · Less cost or other basis and sales expenses

  securities $31,266,901

• 7c · Gain or loss

  securities -$938,039

• 7d · Net gain or loss

  total -$938,039 · excluded -$938,039

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $5,850 · excluded $5,850

• 11e · Other revenue, total

  $5,850

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,131,926

• 7 · Other salaries and wages

  total $3,053,390

• 8 · Pension plan contributions

  total $123,439

• 9 · Other employee benefits

  total $289,032

• 10 · Payroll taxes

  total $263,115

• 11b · Fees: legal

  total $30,107

• 11c · Fees: accounting

  total $123,732

• 11f · Fees: investment management

  total $104,312

• 11g · Fees: other

  total $1,781,845

• 12 · Advertising and promotion

  total $79,013

• 13 · Office expenses

  total $127,104

• 14 · Information technology

  total $64,232

• 16 · Occupancy

  total $460,188

• 17 · Travel

  total $440,083

• 19 · Conferences, conventions and meetings

  total $656,784

• 22 · Depreciation, depletion and amortization

  total $132,466

• 23 · Insurance

  total $33,065

• 24a · Other expenses: MEMBERSHIP DUES

  total $475,660

• 24b · Other expenses: BAD DEBT EXPENSE

  total $36,082

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $10,546

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,054,187 · end of year $3,024,796

• 2 · Savings and temporary cash investments

  beginning of year $1,863,092 · end of year $0

• 4 · Accounts receivable

  beginning of year $60,732 · end of year $164,059

• 9 · Prepaid expenses and deferred charges

  beginning of year $119,098 · end of year $424,175

• 10a · Land, buildings and equipment: cost or other basis

  $2,505,614

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,882,270

• 10c · Land, buildings and equipment, net

  beginning of year $649,563 · end of year $623,344

• 11 · Investments: publicly traded securities

  beginning of year $6,328,260 · end of year $30,690,628

• 12 · Investments: other securities

  beginning of year $2,651,165 · end of year $1,205,354

• 15 · Other assets

  beginning of year $4,398,118 · end of year $3,569,603

• 17 · Accounts payable and accrued expenses

  beginning of year $1,164,085 · end of year $880,399

• 19 · Deferred revenue

  beginning of year $0 · end of year $1,149,280

• 25 · Other liabilities

  beginning of year $1,877,348 · end of year $4,465,667

• 27 · Net assets without donor restrictions

  beginning of year $16,082,782 · end of year $33,206,613

The filer's explanations (Part III)

PART I, LINE 1A

WSWA PAID MONTLY DUES FOR METROPOLITAN CLUB FOR MICHELLE KORSMO AND FOR MONTHLY DUES TO ARMY NAVY COUNTRY CLUB (CATHERINE MCDANIEL) AND MOUNT VERNON COUNTRY CLUB (DAWSON HOBBS).

PART I, LINE 1B

COMPANION EXPENSES ARE REIMBURSED ONLY AS DEFINED IN EMPLOYMENT CONTRACTS. SOCIAL CLUB FEES ARE FOR PURPOSES OF PUBLIC RELATIONS WORK.

PART I, LINE 4B

MICHELLE KORSMO, PRESIDENT AND CEO, RECEIVED A PAYMENT OF $50,000 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE YEAR ENDING DECEMBER 31, 2022.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WSWA SERVICES LLC

  ALCOHOL E-COMMERCE THAT SUPPORTS THE THREE-TIER SYSTEM · DC · income -$33,126,609 · assets $1,323,448

  Directly controlled by WINE & SPIRITS WHOLESALERS OF AMERICA INC