Haystack Mountain School Of Crafts
- Assets
- $22.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Deer Isle, ME
- Founding
- 01/1954
- Data as of
- 10/2023
- EIN
- 01-0243548
Organization Overview
Haystack Mountain School Of Crafts is located in Deer Isle, ME. The organization was established in 1954. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 10/2023, Haystack Mountain School Of Crafts employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haystack Mountain School Of Crafts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Haystack Mountain School Of Crafts generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.1m during the year ending 10/2023. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH FINE CRAFTSMANSHIP AND CARRY ON RESEARCH AND DEVELOPMENT IN CONNECTION WITH THE CRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HAYSTACK MOUNTAIN SCHOOL OF CRAFTS OFFERS WORKSHOPS IN A VARIETY OF CRAFT BASED DISCIPLINES TO PARTICIPANTS OF ALL SKILL LEVELS AS WELL AS THE TWO-WEEK, OPEN STUDIO RESIDENCY, A SUMMER CONFERENCE, AND DEDICATED PROGRAMS FOR MAINE RESIDENTS. THE SCHOOL MAINTAINS DEDICATED STUDIO SPACES FOR CERAMICS, GLASS, WOOD, FIBERS, METALS, GRAPHICS, BLACKSMITHING, AND DIGITAL MANUFACTURING. NOTED AMERICAN ARCHITECT, EDWARD LARRABEE BARNES, DESIGNED OUR AWARD WINNING CAMPUS AND THE SCHOOL ATTRACTS FACULTY AND STUDENTS FROM ACROSS THE COUNTRY AND INTERNATIONALLY. ROUGHLY 500 STUDENTS ATTEND OUR CORE SUMMER PROGRAMS PER YEAR AND NEARLY ONE QUARTER RECEIVE FULL FINANCIAL AID. APPROXIMATELY 30 PEOPLE ARE EMPLOYED BY THE SCHOOL ON A YEAR-ROUND AND SEASONAL BASIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ayumi Horie President | OfficerTrustee | 1.5 | $0 |
Fabio Fernandez Vice President | OfficerTrustee | 1.5 | $0 |
Laura Galaida Treasurer | OfficerTrustee | 1.5 | $0 |
M Rachael Arauz Trustee | Trustee | 1 | $0 |
Abigail Barrows Trustee | Trustee | 1 | $0 |
Brett Bentson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,565 |
| Related organizations | $0 |
| Government grants | $32,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,603 |
| Noncash contributions included in lines 1a–1f | $32,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $953,668 |
| Total Program Service Revenue | $1,127,502 |
| Investment income | $441,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$407,212 |
| Net Income from Fundraising Events | $1,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $122,550 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,257,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,486 |
| Compensation of current officers, directors, key employees. | $65,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,072,899 |
| Pension plan accruals and contributions | $41,042 |
| Other employee benefits | $125,147 |
| Payroll taxes | $105,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,072 |
| Fees for services: Accounting | $181,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,377 |
| Advertising and promotion | $44,885 |
| Office expenses | $104,317 |
| Information technology | $48,910 |
| Royalties | $0 |
| Occupancy | $124,880 |
| Travel | $28,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,817 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,790 |
| Insurance | $65,713 |
| All other expenses | $0 |
| Total functional expenses | $3,079,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,259 |
| Savings and temporary cash investments | $942,272 |
| Pledges and grants receivable | $172,583 |
| Accounts receivable, net | $7,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $124,116 |
| Prepaid expenses and deferred charges | $33,871 |
| Net Land, buildings, and equipment | $2,315,410 |
| Investments—publicly traded securities | $18,251,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,586,233 |
| Accounts payable and accrued expenses | $134,074 |
| Grants payable | $0 |
| Deferred revenue | $125 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,154 |
| Total liabilities | $208,353 |
| Net assets without donor restrictions | $5,390,611 |
| Net assets with donor restrictions | $16,987,269 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,586,233 |