Sommfoundation EIN 59-3770368

Sommfoundation

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Funds scholarships for beverage professionals to achieve master sommelier status. For fiscal year 2024 it reported $402K in revenue, $440K in expenses, and $181K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Napa, CA
Website
www.sommfoundation.com
Filings
5 on file (2020–2024)
Revenue
$402KFY2024
Expenses
$440K
Net assets
$181K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-3770368 Public charity (501(c)(3)) Napa, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds scholarships for beverage professionals to achieve master sommelier status.
Leadership
Carlin Karr · Director
Money in and out
$402K revenue, $440K expenses
Bottom line
45% program efficiency
Where the money goes · FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$440K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$38K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.50 Fundraising $0.05
Program efficiency
45%
of spending reaches programs▼ -20% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -82% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +71% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$402K
FY2024▲ +2%
Expenses
$440K
FY2024▼ -16%
Total assets
$190K
FY2024▼ -16%
Total liabilities
$9K
FY2024▲ +50%
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$440K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$38K
Total assetsPt X · Ln 16$190K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $198K of program spending, described in the organization's own filed words · FY2024.
01

Events

The sommfoundation hosts various fundraising events throughout the year. The purpose of these events are to encourage improved standards of beverage KNOWLEDGE.BELOW is the list of fundraiser events: rudd foundation patron foundation sommgeo gulbronsen aspen art crush boulder burgundy festival

$163Kprogram expense
02

Scholarship Grants

The purpose of the sommfoundation is to provide scholarships to encourage improved standards of beverage knowledge and service in hotels and restaurants. The sommfoundation will fund the educational endeavors of those individuals in the service of wine, spirits, and other alcoholic beverages who are seeking to reach the highest level of…

$28Kprogram expense
03

University Course Expense

In keeping with the purpose to improve the standards of beverage knowledge the sommfoundation conducts courses for graduating seniors at four-year universities. These courses are underwritten by the sommfoundation. Instructors consist of sommeliers who volunteer their time.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSommfoundation
EINHdr · item D59-3770368
Principal addressHdr · item CNapa, CA
WebsiteHdr · item Jwww.sommfoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFDec 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Sommfoundation executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$300K · 74%
Contributions & grants$123K · 30%
Program service revenue74%$300K
Contributions & grants30%$123K
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.50 Fundraising $0.05
Program services45%$198K
Management & general50%$221K
Fundraising5%$22K
Total functional expensesLn 25$440K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$190K
Total liabilitiesLn 26$9K
Total net assetsLn 32$181K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses/yr $440K
0.2 months
Where the money goes
Program services
Program services $198K · Total expenses $440K
45%
Management & General
Management & general $221K · Total expenses $440K
50%
Fundraising
Fundraising $22K · Total expenses $440K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $189K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $123K · Total revenue $402K
30%
Government reliance
Government grants — · Total revenue $402K
Earned-income share
Program service revenue $300K · Total revenue $402K
74%
Investment reliance
Investment income $0 · Total revenue $402K
0%
Program self-sufficiency
Program service revenue $300K · Total expenses $440K
68%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $396K
+2%
Revenue CAGR
FY2020 $166K · FY2024 $402K
+25%
Net-asset trend (YoY)
End of year $181K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $440K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $190K
Net-asset ratio
Net assets $181K · Total assets $190K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $190K
0%
People & payroll
Highest Reported Total Compensation
Individual Carlin Karr · Reported title Director · Highest reported compensation $0 · Total expenses $440K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $168K · Total expenses $440K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 50%
Fundraising cost ratio 18%
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 5 grants · $500K · 2020–2024
Unitemized GrantFY2024$28,436
Unitemized GrantFY2023$107,345
Unitemized GrantFY2022$98,469
Unitemized GrantFY2021$94,999
Unitemized GrantFY2020$170,419

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$402K revenue · viewing · ⤓ 990 PDF
FY2023$396K revenue · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$114K revenue · ⤓ 990 PDF
FY2020$166K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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