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Nonprofit · EIN 13-3129027

WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION

Also known as CALIFORNIA WINE EXERIENCE

Tax-exempt · NEW YORK, NY 10019

Financials

$5.4M$3.6M2022$6.9M$4.4M2023$6.8M$6.9M2024
Revenue Expenses · by fiscal year end
Financials of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$6,844,867$6,890,455-$45,588$44,463,507$3,100,971$41,362,536
June 30, 2024990$6,873,926$4,381,181$2,492,745$42,179,528$3,414,184$38,765,344
June 30, 2023990$5,387,532$3,638,629$1,748,903$34,394,251$3,366,327$31,027,924
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,054,691
Program service revenue
$0
Investment income
$3,908,450
Net gain from sales of assets
$2,728,947
Net income from fundraising events
$1,881,642
Other revenue
$1,881,726

Expenses

Grants and similar amounts paid
$6,308,308
Other salaries and wages
$118,328
Salaries, compensation and benefits (total)
$118,328
Professional fundraising fees
$0
Accounting fees
$9,793
Occupancy
$300,000
Program services (functional)
$6,308,308
Management and general (functional)
$582,147

Balance sheet and other

Total assets, start of year
$42,179,528
Total assets, end of year
$44,463,507
Total liabilities, end of year
$3,100,971
Net assets, end of year
$41,362,536
Publicly traded securities
$44,443,783
Gross unrelated business income
$84
Gross receipts
$18,495,419
Employees
0
Volunteers
0
Year formed
1983
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MARVIN SHANKENTRUSTEE
Trustee or director
5$0
MEL MANNIONTRUSTEE
Trustee or director
5$0
MICHAEL MOABATRUSTEE
Trustee or director
5$0
990 for the year ended June 30, 2024: 3 people
NameTitleHours / weekCompensation
MARVIN SHANKENTRUSTEE
Officer
5$0
MEL MANNIONTRUSTEE
Officer
5$0
MICHAEL MOABATRUSTEE
Officer
5$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
MARVIN SHANKENTRUSTEE
Officer
5$0
MEL MANNIONTRUSTEE
Officer
5$0
MICHAEL MOABATRUSTEE
Officer
5$0

Address and contacts

Address (IRS master file)
825 8TH AVE, NEW YORK, NY 10019-7416
Principal officer (990 for 2024)
MARVIN R SHANKEN, 825 EIGHTH AVENUE, NEW YORK, NY 10019
Signed the 990
MARVIN R SHANKEN, TRUSTEE
Phone
(212) 684-4224
Return prepared by
LH FRISHKOFF & CO LLP

Mission

TO PROVIDE SCHOLARSHIPS AND AWARDS TO STUDENTS WHO INTEND TO PURSUE A COURSE OF STUDY IN THE WINE INDUSTRY.

990 for the year ended June 30, 2025

Program accomplishments

  • THE FOUNDATION AWARDED SCHOLARSHIPS ON AN ANNUAL BASIS TO SECONDARY SCHOOL STUDENTS TO ENABLE THEM TO PURSUE CAREERS IN THE WINE INDUSTRY, AND ALSO CONTRIBUTES TO EDUCATIONAL PROGRAMS CONDUCTED BY GRANT BENEFICIARIES.
    Expenses $6,308,308 · grants $6,308,308

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
13-3129027
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$44,463,507
Income (IRS master file)
$18,495,419

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$6,844,867$6,890,455$44,463,507IRS
990June 2024$6,873,926$4,381,181$42,179,528IRS
990June 2023$5,387,532$3,638,629$34,394,251XML
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3129027).

Questions about WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION

What is the EIN of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION is 13-3129027.
Is WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 names MARVIN R SHANKEN.
Who are the officers and directors of WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does WINE SPECTATOR CALIFORNIA SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $6,844,867, expenses of $6,890,455 and total assets of $44,463,507 at year end.

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