Beaufort Wine And Food Weekend Inc

Beaufort Wine And Food Weekend Inc operates with consistent revenue, occasional deficits, and no reported officer compensation.

EIN: 202583979 · Beaufort, NC · NTEE: T30 · Updated: 2026-03-28

$331KRevenue

$73KAssets

80/100Mission Score (Excellent)

T30

About Beaufort Wine And Food Weekend Inc

Beaufort Wine And Food Weekend Inc (EIN: 202583979) is a nonprofit organization based in Beaufort, NC, classified under NTEE code T30. The organization reported total revenue of $331K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beaufort Wine And Food Weekend Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Beaufort Wine And Food Weekend Inc demonstrates a consistent operational pattern, with revenues and expenses generally in the $200,000-$400,000 range over the past decade. The organization's financial health appears stable, though it has experienced periods of operating deficits, such as in 2023 where expenses ($315,973) exceeded revenue ($305,633), and in 2022 where expenses ($396,531) significantly outpaced revenue ($338,268). Despite these deficits, the organization maintains a modest asset base, with $73,070 in assets as of its latest filing, indicating some financial resilience. The consistent reporting of 0% officer compensation across all filings suggests a strong volunteer-driven model or that executive roles are not compensated, which is a positive indicator for donor confidence regarding administrative overhead.

Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent lack of officer compensation suggests a lean administrative structure at the top. The organization's ability to continue operations despite occasional deficits implies effective management of resources, likely through careful budgeting and community support. The relatively low liabilities, such as $2,248 in 2023, also point to responsible financial management.

In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The public availability of these filings contributes to its transparency. The absence of officer compensation is a clear and transparent financial practice that can reassure donors about where their contributions are being directed. Overall, while there are periods of deficit spending, the organization appears to be a well-managed entity with a commitment to financial reporting.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Beaufort Wine And Food Weekend Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Beaufort Wine And Food Weekend Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of this size ($331,136 latest revenue) and suggests a volunteer-led or very lean leadership structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Beaufort Wine And Food Weekend Inc's IRS 990 filings:

Recurring operational deficits in recent years (e.g., 2023, 2022, 2021, 2018, 2017) where expenses exceeded revenue.

Strengths

The following positive indicators were identified for Beaufort Wine And Food Weekend Inc:

Consistent 0% officer compensation across all filings, indicating efficient use of funds at the leadership level.
Long and consistent IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.
Maintains a positive asset balance despite occasional operational deficits, showing some financial resilience.
Relatively low liabilities, indicating responsible debt management.

Frequently Asked Questions about Beaufort Wine And Food Weekend Inc

How does Beaufort Wine And Food Weekend Inc manage to operate with recurring deficits, such as in 2023 and 2022?

The organization likely covers these deficits through accumulated reserves from prior profitable years (e.g., 2019, 2020, 2014) or through careful management of cash flow and timing of expenses and revenues. Its asset base, though modest, provides some buffer.

What is the primary source of revenue for the organization?

While not explicitly detailed in the provided data, given its name 'Beaufort Wine And Food Weekend Inc' and NTEE code T30 (Recreational, Sports, Leisure, & Hobby Clubs), it's highly probable that event ticket sales, sponsorships, and related activities are the primary revenue sources.

Does the organization have sufficient reserves to cover future operational needs?

With $73,070 in assets and latest annual expenses of $315,973, the organization holds approximately 2.7 months of operating expenses in reserves (calculated as Assets / (Expenses/12)). This is a reasonable, though not extensive, reserve level for a small nonprofit.

Filing History

IRS 990 filing history for Beaufort Wine And Food Weekend Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Beaufort Wine And Food Weekend Inc's revenue has grown by 131.3%, moving from $132K to $306K. Total assets increased by 351.7% over the same period, from $13K to $58K. Total functional expenses rose by 136.9%, from $133K to $316K. In its most recent filing year (2023), Beaufort Wine And Food Weekend Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2K in liabilities against $58K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $56K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$306K	$316K	$58K	$2K	—	—
2022	$338K	$397K	$66K	$0	—	View 990
2021	$231K	$275K	$124K	$0	—	—
2020	$196K	$170K	$168K	$13K	—	View 990
2019	$395K	$303K	$128K	$0	—	—
2018	$370K	$391K	$38K	$2K	—	View 990
2017	$343K	$371K	$58K	$2K	—	View 990
2016	$318K	$306K	$93K	$10K	—	View 990
2015	$295K	$297K	$82K	$13K	—	View 990
2014	$305K	$253K	$78K	$7K	—	View 990
2013	$168K	$161K	$23K	$4K	—	View 990
2012	$152K	$151K	$14K	$1K	—	View 990
2011	$132K	$133K	$13K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $306K, expenses of $316K, and assets of $58K (revenue -9.6% year-over-year).
2022: Revenue of $338K, expenses of $397K, and assets of $66K (revenue +46.2% year-over-year).
2021: Revenue of $231K, expenses of $275K, and assets of $124K (revenue +18.2% year-over-year).
2020: Revenue of $196K, expenses of $170K, and assets of $168K (revenue -50.5% year-over-year).
2019: Revenue of $395K, expenses of $303K, and assets of $128K (revenue +6.7% year-over-year).
2018: Revenue of $370K, expenses of $391K, and assets of $38K (revenue +7.8% year-over-year).
2017: Revenue of $343K, expenses of $371K, and assets of $58K (revenue +8.1% year-over-year).
2016: Revenue of $318K, expenses of $306K, and assets of $93K (revenue +7.8% year-over-year).
2015: Revenue of $295K, expenses of $297K, and assets of $82K (revenue -3.5% year-over-year).
2014: Revenue of $305K, expenses of $253K, and assets of $78K (revenue +82.3% year-over-year).
2013: Revenue of $168K, expenses of $161K, and assets of $23K (revenue +9.9% year-over-year).
2012: Revenue of $152K, expenses of $151K, and assets of $14K (revenue +15.3% year-over-year).
2011: Revenue of $132K, expenses of $133K, and assets of $13K.

Data Sources and Methodology

This transparency report for Beaufort Wine And Food Weekend Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.