Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
EIN 47-5456623 • 501(c)3 • Memphis, TN
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
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
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
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.
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSE GUTIERREZ | Director | PT | $0 | - | - |
| WALLY JOE | Director | - | $0 | - | - |
| ALBERT LAROCCA | Chairman/Treasurer/Directo | PT | $0 | - | - |
| DAVID BENSON | President | PT | $0 | - | - |
| ROBERT CHIMENTI | Secretary/Director | PT | $0 | - | - |
“Description: interest income. Amount: 2,358.”
“Description: insurance. Amount: 903. Description: website/social media. Amount: 1,259. Total to form 990-ez, line 16: 2,162.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9014826085 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | ATTN DAVID BENSON |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MEMPHIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38120 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 109248 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 89016 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14857 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 9240 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 109248 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 89016 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 4200 |
| IRS990EZ/GrossReceiptsAmt | 0 | 6558 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2358 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 72648 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 57791 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 72648 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 57791 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSE GUTIERREZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | WALLY JOE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ALBERT LAROCCA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DAVID BENSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ROBERT CHIMENTI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CHAIRMAN/TREASURER/DIRECTO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY/DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2162 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 10013 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -5813 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 36600 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 31225 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 11402 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | -3455 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MEMPHISFOODWINEFESTIVAL.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 11167 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 201700 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 328960 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 541827 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1691 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1562 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1347 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1989 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 6589 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 474736 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.38070 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.42630 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 208808 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 333019 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 11167 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 201700 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 328960 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 541827 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 548416 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 2,358. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: INSURANCE. AMOUNT: 903. DESCRIPTION: WEBSITE/SOCIAL MEDIA. AMOUNT: 1,259. TOTAL TO FORM 990-EZ, LINE 16: 2,162. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID BENSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9014826085 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MEMPHIS FOOD & WINE FESTIVAL |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MEMP |
| ReturnHeader/Filer/EIN | 0 | 475456623 |
| ReturnHeader/Filer/PhoneNum | 0 | 9014826085 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | ATTN DAVID BENSON |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MEMPHIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 38120 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621114363 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HENDERSON HUTCHERSON & MCCULLOUGH PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1755 KIRBY PARKWAY SUITE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MEMPHIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 38120 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9016834234 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RICHARD L WEBB CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-12T14:08:00-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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