AI Transparency Report
The Des Moines Wine Festival Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $300,000 to $500,000 over the past decade. The organization's assets have fluctuated, peaking at $321,214 in 2021 and currently standing at $213,548 as of the 2023 filing. While the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($504,119 expenses vs. $452,388 revenue) and 2022 ($430,412 expenses vs. $418,293 revenue), these deficits appear manageable given its asset base and consistent revenue streams. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for donor confidence regarding executive pay.
The foundation's financial health appears stable, albeit with some operational deficits in recent years. Its liabilities are consistently low, indicating good financial management and minimal debt burden. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. The NTEE code A23 (Cultural & Artistic Events) suggests a focus on community engagement through events, which often have higher direct costs.