Embroiderers Guild Of America Inc
- Assets
- $3.2m
- Revenue
- $684.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 13-1914577
Organization Overview
Embroiderers Guild Of America Inc is located in Louisville, KY. The organization was established in 1976. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Embroiderers Guild Of America Inc employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Embroiderers Guild Of America 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 12/2022, Embroiderers Guild Of America Inc generated $684.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $849.2k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE APPRECIATION FOR AND CELEBRATE THE HERITAGE OF EMBROIDERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATION, PROMOTION AND DISSEMINATION OF KNOWLEDGE AND INFORMATION CONCERNING THE ART OF EMBROIDERY AND ASSOCIATED ARTS THROUGH SEMINARS, EXHIBITS, PUBLICATIONS AND OTHER EDUCATIONAL AND PROMOTIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Hall Director, Metropolitan | Trustee | 6 | $0 |
Gail Smith Director, Carolinas | Trustee | 6 | $0 |
Wendy Lynn Director Membership/mkt | Trustee | 25 | $0 |
Donna Pence Director, Mid-Atlantic | Trustee | 6 | $0 |
Robin Berry Director, Greater Pacific | Trustee | 6 | $0 |
Deborah Powell Director, Heartland | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $322,694 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,201 |
| Total Program Service Revenue | $230,274 |
| Investment income | $76,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $7,979 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $684,441 |
| 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. | $61,360 |
| Compensation of current officers, directors, key employees. | $15,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,418 |
| Pension plan accruals and contributions | $5,023 |
| Other employee benefits | $7,198 |
| Payroll taxes | $13,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,309 |
| Fees for services: Accounting | $27,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,865 |
| Fees for services: Other | $7,429 |
| Advertising and promotion | $88,362 |
| Office expenses | $23,513 |
| Information technology | $24,399 |
| Royalties | $0 |
| Occupancy | $69,830 |
| Travel | $31,975 |
| 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 | $13,070 |
| Insurance | $31,681 |
| All other expenses | $25,705 |
| Total functional expenses | $849,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $51,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,845 |
| Prepaid expenses and deferred charges | $36,110 |
| Net Land, buildings, and equipment | $9,327 |
| Investments—publicly traded securities | $2,314,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,812 |
| Other assets | $590,950 |
| Total assets | $3,152,012 |
| Accounts payable and accrued expenses | $19,570 |
| Grants payable | $0 |
| Deferred revenue | $231,575 |
| 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 | $89,813 |
| Total liabilities | $340,958 |
| Net assets without donor restrictions | $2,738,502 |
| Net assets with donor restrictions | $72,552 |
| 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 | $3,152,012 |