Craftstudies Inc
- Assets
- $1.0m
- Revenue
- $993.1k
- Investments
- $0.0
- Employees
- 4
- Location
- White River Junction, VT
- Founding
- 12/1999
- Data as of
- 03/2022
- 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 03/2022, Craftstudies Inc employed 4 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 03/2022, Craftstudies Inc generated $993.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $219.8k during the year ending 03/2022. 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
2022
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 |
|---|---|---|---|
Rachel Obbard Vice President | OfficerTrustee | 2 | $0 |
Sarah Glass President | OfficerTrustee | 4 | $0 |
Peter Haubrich Treasurer | OfficerTrustee | 2 | $0 |
Rosemary Orgren Director | OfficerTrustee | 2 | $0 |
Chris Mcleod Secretary | OfficerTrustee | 2 | $0 |
Russell Edwards Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,008 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,817 |
| Total Program Service Revenue | $46,400 |
| Investment income | $1,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,416 |
| Net Gain/Loss on Asset Sales | $917,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,102 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $63,417 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $313 |
| Other employee benefits | $0 |
| Payroll taxes | $5,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,376 |
| Fees for services: Accounting | $9,969 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,750 |
| Insurance | $4,140 |
| All other expenses | $70,940 |
| Total functional expenses | $219,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,067 |
| Savings and temporary cash investments | $680,552 |
| 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 | $0 |
| Net Land, buildings, and equipment | $314,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,012,100 |
| Accounts payable and accrued expenses | $1,935 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,935 |
| Net assets without donor restrictions | $1,010,165 |
| Net assets with donor restrictions | $0 |
| 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 | $1,012,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Craftstudies Inc has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY | $375,628,094 | $51,526,373 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Williamstown Art Conservation Center Inc Williamstown, MA | $5,527,048 | $2,431,960 |
Sculpture Center Inc Long Island City, NY | $6,449,144 | $2,106,254 |