Woolmark Americas Inc
- Assets
- $388.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 06/1950
- Data as of
- 06/2022
- EIN
- 13-1589984
Organization Overview
Woolmark Americas Inc is located in New York, NY. The organization was established in 1950. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Woolmark Americas Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woolmark Americas Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Woolmark Americas Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. 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
WOOLMARK AMERICAS, INC. MISSION IS TO, ON BEHALF OF WOOLGROWERS IN AUSTRALIA, CREATE, BUILD AND MAINTAIN DEMAND FOR WOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AUSTRALIAN MERINO WOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Schlenger R&d Commercialisation Manager | Officer | 40 | $140,268 |
Elin Arnott Business Development Manager | Officer | 40 | $101,225 |
Michelle Lee Head Of America-Usa(thru10/20) | 0 | $58,217 | |
Stuart Mccullough Director | OfficerTrustee | 1 | $0 |
John Roberts Director | OfficerTrustee | 1 | $0 |
Tracy Marshall Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,856 |
| Investment income | $14,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,469,607 |
| 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. | $269,637 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,128 |
| Pension plan accruals and contributions | $24,192 |
| Other employee benefits | $60,773 |
| Payroll taxes | $36,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,283 |
| Advertising and promotion | $219,637 |
| Office expenses | $8,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,421 |
| Travel | $90,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92 |
| Insurance | $3,295 |
| All other expenses | $0 |
| Total functional expenses | $1,316,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,868 |
| Savings and temporary cash investments | $0 |
| 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 | $152,194 |
| Prepaid expenses and deferred charges | $3,531 |
| Net Land, buildings, and equipment | $461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,479 |
| Total assets | $388,533 |
| Accounts payable and accrued expenses | $25,187 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $338,198 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,015 |
| Total liabilities | $437,900 |
| Net assets without donor restrictions | $0 |
| 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 | -$49,367 |
| Total liabilities and net assets/fund balances | $388,533 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |