Synthetic Yarn And Fabric Association
- Assets
- $99.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lyman, SC
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-7191130
Organization Overview
Synthetic Yarn And Fabric Association is located in Lyman, SC. The organization was established in 1973. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synthetic Yarn And Fabric Association 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 12/2023, Synthetic Yarn And Fabric Association generated $106.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $111.4k during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOSTS TWO CONFERENCES ANNUALLY. THEY ARE OPEN TO MEMBERS AND NONMEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney D Turner Managing Director | 12 | $0 | |
Meredith Boyd 2nd Vice President | 1 | $0 | |
Kim Hall Director | 1 | $0 | |
Dan Sistrunk Immediate Past President | 1 | $0 | |
Chris Schultz 1st Vice President | 1 | $0 | |
Hardy Sullivan President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,980 |
| Total Program Service Revenue | $77,100 |
| Membership dues | $23,320 |
| Investment income | $121 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,521 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $28,722 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $228 |
| Other expenses | $82,416 |
| Total expenses | $111,366 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,643 |
| Other assets | $0 |
| Total assets | $99,643 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,643 |