The Vermont Quilt Festival Incorporated
- Assets
- $107.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Essex Junction, VT
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 22-2506055
Organization Overview
The Vermont Quilt Festival Incorporated, operating under the name Vermont Quilt Festival, is located in Essex Junction, VT. The organization was established in 1985. 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 12/2022, Vermont Quilt Festival employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Quilt Festival 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, Vermont Quilt Festival generated $30.2k 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 (25.6%) each year. All expenses for the organization totaled $48.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
QUILT FESTIVAL TO PROMOTE, EDUCATE, AND DEVELOP THE CRAFTOF QUILT MAKING WITHIN THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Harmon Bookkeeper | 3 | $3,140 | |
Name Not Listed Education Chair | 1 | $500 | |
Carrie Zizza Contest Chair | 1 | $500 | |
Marti Del Nevo Board Chair | 1 | $500 | |
Laura Robinson Clements Exhibits Chair | 1 | $500 | |
Sandy Salazar Board Member | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $276 |
| Total Program Service Revenue | $29,909 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,213 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,706 |
| Professional fees and other payments to independent contractors | $938 |
| Occupancy, rent, utilities, and maintenance | $4,396 |
| Printing, publications, postage, and shipping | $1,809 |
| Other expenses | $16,104 |
| Total expenses | $47,953 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,338 |
| Other assets | $0 |
| Total assets | $107,338 |
| Total liabilities | $858 |
| Net assets or fund balances | $106,480 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Vermont Quilt Festival Incorporated has recieved totaling $91.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Laundromat Project Inc Brooklyn, NY | $6,741,143 | $5,175,800 |