Craftstudies Inc
- Assets
- $1.1m
- Revenue
- $342.4k
- Investments
- $0.0
- Employees
- 30
- Location
- White River Junction, VT
- Founding
- 12/1999
- Data as of
- 03/2024
- EIN
- 02-0238690
Organization Overview
Craftstudies Inc is located in White River Junction, VT. The organization was established in 1999. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Craftstudies Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craftstudies Inc 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 03/2024, Craftstudies Inc generated $342.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $307.8k during the year ending 03/2024. While expenses have increased by 3.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION IN ARTS & CRAFTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION TO NUMEROUS INDIVIDUALS IN VARIOUS ARTS & CRAFTS. THE CLASSES ARE TAUGHT BY INSTRUCTORS THAT WERE COMPENSATED BY TUITION AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Wendon President | OfficerTrustee | 4 | $0 |
Sharon Gouveia Comeau Vice President | OfficerTrustee | 2 | $0 |
David Allen Treasurer | OfficerTrustee | 2 | $0 |
Chris Mcleod Secretary | OfficerTrustee | 2 | $0 |
Rosemary Orgren Past President | OfficerTrustee | 2 | $0 |
Mark Hardie Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,455 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,915 |
| Total Program Service Revenue | $215,583 |
| Investment income | $22,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,690 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,404 |
| 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. | $80,039 |
| Compensation of current officers, directors, key employees. | $8,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,095 |
| Pension plan accruals and contributions | $2,401 |
| Other employee benefits | $0 |
| Payroll taxes | $12,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,362 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,794 |
| Insurance | $7,100 |
| All other expenses | $27,492 |
| Total functional expenses | $307,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,449 |
| Savings and temporary cash investments | $471,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,457 |
| Net Land, buildings, and equipment | $457,547 |
| Investments—publicly traded securities | $86,381 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,327 |
| Total assets | $1,057,841 |
| Accounts payable and accrued expenses | $3,408 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $0 |
| Total liabilities | $18,408 |
| Net assets without donor restrictions | $1,019,208 |
| Net assets with donor restrictions | $20,225 |
| 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 | $1,057,841 |