Civic Intelligence

Memphis Food & Wine Festival

EIN 47-5456623 • 501(c)3 • Memphis, TN

Pub. 78 Eligible

Profile

The memphis food and wine festival ("the festival") was created in 2015 to showcase culinary excellence of local and regional chefs, vintners, and certified sommeliers in order to benefit the memphis community. Each year the proceeds from the festival will be used to benefit a local charity.

Attn David BensonMemphis, TN 38120

www.memphisfoodwinefestival.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.35x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

430%

Higher net margin than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

33rd percentile

-19%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$89,016

Down $20,232 (-19%) from 2023

Liabilities

Down

$31,225

Down $5,375 (-15%) from 2023

Net Assets

Down

$57,791

Down $14,857 (-20%) from 2023

Revenue

Down

-$3,455

Down $10,834 (-147%) from 2023

Expenses

Up

$11,402

Up $2,103 (+23%) from 2023

Net Income

Down

-$14,857

Down $12,937 (-674%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $172,045Liabilities 2016: $4,968Net Assets 2016: $167,0772016Assets 2017: $286,044Liabilities 2017: $2,000Net Assets 2017: $284,0442017Assets 2018: $385,998Liabilities 2018: $1,564Net Assets 2018: $384,4342018Assets 2019: $241,355Liabilities 2019: $625Net Assets 2019: $240,7302019Assets 2020: $259,090Liabilities 2020: $50,000Net Assets 2020: $209,0902020Assets 2021: $222,827Liabilities 2021: $11,671Net Assets 2021: $211,1562021Assets 2022: $128,796Liabilities 2022: $54,228Net Assets 2022: $74,5682022Assets 2023: $109,248Liabilities 2023: $36,600Net Assets 2023: $72,6482023Assets 2024: $89,016Liabilities 2024: $31,225Net Assets 2024: $57,7912024

Highlighted filing

2024

Assets$89,016
Liabilities$31,225
Net Assets$57,791

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2016: $382,845Expenses 2016: $215,768Net Income 2016: $167,0772016Revenue 2017: $381,591Expenses 2017: $264,624Net Income 2017: $116,9672017Revenue 2018: $189,694Expenses 2018: $89,304Net Income 2018: $100,3902018Revenue 2019: $165,896Expenses 2019: $309,600Net Income 2019: -$143,7042019Revenue 2020: $1,989Expenses 2020: $33,629Net Income 2020: -$31,6402020Revenue 2021: $109,359Expenses 2021: $107,293Net Income 2021: $2,0662021Revenue 2022: $70,379Expenses 2022: $206,967Net Income 2022: -$136,5882022Revenue 2023: $7,379Expenses 2023: $9,299Net Income 2023: -$1,9202023Revenue 2024: -$3,455Expenses 2024: $11,402Net Income 2024: -$14,8572024

Highlighted filing

2024

Revenue-$3,455
Expenses$11,402
Net Income-$14,857

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$6,558
Mission and Program Overview

Mission

The memphis food and wine festival ("the festival") was created in 2015 to showcase culinary excellence of local and regional chefs, vintners, and certified sommeliers in order to benefit the memphis community. Each year the proceeds from the festival will be used to benefit a local charity.

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.

Program Services

DescriptionGrantsExpenses
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.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSE GUTIERREZDirectorPT$0--
WALLY JOEDirector-$0--
ALBERT LAROCCAChairman/Treasurer/DirectoPT$0--
DAVID BENSONPresidentPT$0--
ROBERT CHIMENTISecretary/DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Memphis Food & Wine Festival
EIN
47-5456623
Phone
9014826085
Address
ATTN DAVID BENSON, MEMPHIS, TN 38120

Signing Officer

Name
David Benson
Title
President
Phone
9014826085
Signed
2025-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 2,358.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance. Amount: 903. Description: website/social media. Amount: 1,259. Total to form 990-ez, line 16: 2,162.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable and accrued expenses. Beg. Of year amount: 11,600. End of year amount: 6,225. Description: deferred revenue. Beg. Of year amount: 25,000. End of year amount: 25,000.

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 2,358.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE. AMOUNT: 903. DESCRIPTION: WEBSITE/SOCIAL MEDIA. AMOUNT: 1,259. TOTAL TO FORM 990-EZ, LINE 16: 2,162.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 11,600. END OF YEAR AMOUNT: 6,225. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 25,000. END OF YEAR AMOUNT: 25,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09014826085
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS FOOD & WINE FESTIVAL
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0475456623
ReturnHeader/Filer/PhoneNum09014826085
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01755 KIRBY PARKWAY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016834234
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L WEBB CPA
ReturnHeader/ReturnTs02025-11-12T14:08:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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