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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Morris Treasurer | 1 | $0 | |
Bruce Harmon Bookkeeper | 3 | $3,140 | |
Carrie Zizza Contest Chair | 1 | $500 | |
Ellen Leff Registrar | 1 | $0 | |
Name Not Listed Education Chair | 1 | $500 | |
Marti Del Nevo Board Chair | 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 |