American Craft Council
- Assets
- $5.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Minneapolis, MN
- Founding
- 12/1957
- Data as of
- 09/2023
- EIN
- 13-1566058
Organization Overview
American Craft Council is located in Minneapolis, MN. The organization was established in 1957. 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 09/2023, American Craft Council employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Craft Council 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 09/2023, American Craft Council generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $4.5m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN CRAFT COUNCIL FOSTERS LIVELIHOODS AND WAYS OF LIVING GROUNDED IN THE ARTFUL WORK OF THE HUMAN HAND, CREATING A MORE JOYFUL, HUMANE, AND REGENERATIVE WORLD.
Describe the Organization's Program Activity:
AMERICAN CRAFT MADE IS A SERIES OF MARKETPLACE EVENTS PRODUCED BY THE AMERICAN CRAFT COUNCIL, A NATIONAL NONPROFIT DEDICATED TO SUPPORTING CRAFT AND ITS ARTISTS. IN 2023, ACC RETURNED TO BALTIMORE TO HOST OUR FLAGSHIP IN PERSON MARKETPLACE. NEARLY 11,000 TICKETS WERE PURCHASED FOR THE EVENT THAT HOSTED OVER 375 ARTISTS SELLING THEIR CRAFT. THE MARKETPLACES ARE OPEN TO ARTISTS FROM ACROSS THE COUNTRY WHO ARE CREATING WORK THAT REFLECTS THE DIVERSITY OF CONTEMPORARY CRAFT. WE ALSO HOSTED 3 ONLINE MARKETPLACE EVENTS FOR OUR ONLINE ARTIST DIRECTORY PARTICIPANTS, WHICH EXPANDED THE DIVERSITY OF ARTISTS WHO WERE ABLE TO EXHIBIT AND SELL THEIR WORK THROUGH ACC BY REMOVING TRAVEL EXPENSES, COSTLY BOOTH FEES, AND OTHER BARRIERS ASSOCIATED WITH IN-PERSON SHOWS.
AMERICAN CRAFT IS A QUARTERLY MAGAZINE THAT CELEBRATES THE MODERN MAKERS WHO SHAPE THE WORLD AROUND US. WITH 80,000 READERS PER PRINT ISSUE, 2,500 WEEKLY VIEWS OF DIGITAL CONTENT, OVER 100,000 UNIQUE READERS, 40,000 SUBSCRIBERS TO OUR BI-WEEKLY ARTIST INTERVIEW NEWSLETTER, AND ATTENDANCE UPWARDS OF 400 AT THE MAGAZINE'S PUBLIC ONLINE FORUMS, ACC PROVIDES A LARGE AUDIENCE AND WIDE VISIBILITY FOR THE VOICE AND TALENTS OF AMERICAN MAKERS. AMERICAN CRAFT ALSO GENERATES IMPORTANT REVENUE FOR OUR WORK. IN ADDITION TO FUNDS GENERATED BY OUR MEMBERSHIP PROGRAM, OF WHICH AMERICAN CRAFT IS THE MAIN BENEFIT, OUR MAGAZINE ALSO BRINGS IN ADVERTISING SALES AND GRANT SUPPORT FROM FOUNDATIONS, CULMINATING IN FUNDS THAT WE USE TO SUPPORT CRAFT ARTISTS AT EVERY STAGE OF THEIR DEVELOPMENT.
MEMBERSHIP IN THE AMERICAN CRAFT COUNCIL SERVES OVER 10,000 PEOPLE ANNUALLY WITH THE QUARTERLY MAGAZINE, AMERICAN CRAFT, ADVANTAGEOUS TRAVEL BENEFITS, DISCOUNTS ON SELECT CRAFT BOOKS, SPECIAL INVITATIONS TO ACC VIRTUAL EVENTS AND OTHER DISCOUNTS AS THEY PRESENT THEMSELVES THROUGH AD HOC OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Garceau Trustee | Trustee | 1 | $0 |
Pearl Dick Trustee | Trustee | 1 | $0 |
Miguel Gomez-Ibanez Trustee | Trustee | 1 | $0 |
Harriett Green Secretary | OfficerTrustee | 1 | $0 |
Preeti Gopinath Trustee | Trustee | 1 | $0 |
Sarah Owen Mcdonnell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hopkins Bauman Graphic Design | 9/29/20 | $139,703 |
Shepard Exposition Services Design | 9/29/20 | $151,260 |
Concord Direct Creative Design | 9/29/20 | $118,231 |
Global Security Security | 9/29/20 | $198,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $582,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,562,024 |
| Total Program Service Revenue | $1,627,648 |
| Investment income | $98,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,203 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,924,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $137,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,940 |
| Compensation of current officers, directors, key employees. | $86,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,409,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,089 |
| Payroll taxes | $123,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,268 |
| Fees for services: Other | $844,005 |
| Advertising and promotion | $89,397 |
| Office expenses | $362,750 |
| Information technology | $207,475 |
| Royalties | $0 |
| Occupancy | $163,722 |
| Travel | $74,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,858 |
| Insurance | $22,638 |
| All other expenses | $0 |
| Total functional expenses | $4,511,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,843 |
| Savings and temporary cash investments | $39,141 |
| Pledges and grants receivable | $430,716 |
| 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 | $132,945 |
| Net Land, buildings, and equipment | $23,710 |
| Investments—publicly traded securities | $4,183,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,082 |
| Total assets | $5,119,966 |
| Accounts payable and accrued expenses | $218,756 |
| Grants payable | $0 |
| Deferred revenue | $490,627 |
| 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 | $178,865 |
| Total liabilities | $888,248 |
| Net assets without donor restrictions | $2,995,738 |
| Net assets with donor restrictions | $1,235,980 |
| 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 | $5,119,966 |
Grants Awarded
Over the last fiscal year, American Craft Council has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FURNITURE SOCIETY PURPOSE: SPEAKER HONORARIUMS FOR LEGACY SERIES | $5,000 |
PILCHUCK GLASS SCHOOL PURPOSE: SPEAKER HONORARIUMS FOR LEGACY SERIES | $8,000 |