American Needlepoint Guild Inc
- Assets
- $1.5m
- Revenue
- $597.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 10/1973
- Data as of
- 04/2021
- EIN
- 23-7245127
Organization Overview
American Needlepoint Guild Inc is located in Springfield, IL. 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. American Needlepoint Guild 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 04/2021, American Needlepoint Guild Inc generated $597.0k 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 (6.0%) each year. All expenses for the organization totaled $777.9k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACHING, PROMOTING AND PRESERVING THE ART OF NEEDLEPOINT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL SEMINAR THAT PROVIDES EDUCATIONAL AND CULTURAL ACTIVITIES.
EDUCATIONAL PROGRAMS AND PUBLICATIONS - THE ORGANIZATION HAS PROGRAMS AND SERVICES FOR APPROXIMATELY 5,400 MEMBERS OFFERED THROUGH NEEDLEPOINT CORRESPONDENCE, AUDIOVISUAL COURSES AND TEACHING AND JUDGING CERTIFICATION PROGRAMS. THE ORGANIZATION ALSO PUBLISHES A NATIONAL NEEDLEPOINT MAGAZINE, WHICH IS A BI-MONTHLY MAGAZINE DISTRIBUTED TO ITS MEMBERS THAT INCLUDES EDUCATIONAL ARTICLES AND LOCAL, CHAPTER AND AREA EVENTS THAT PROMOTE NEEDLEPOINT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Rand President | OfficerTrustee | 5 | $0 |
Barbara Evans VP Membership | OfficerTrustee | 5 | $0 |
Janet Casey VP Education | OfficerTrustee | 5 | $0 |
Janice Geipel VP Operations | OfficerTrustee | 5 | $0 |
Nancy Perry Secretary | OfficerTrustee | 5 | $0 |
Carley Linn Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunwest Publishing Magazine Publisher | 4/29/16 | $287,087 |
The Rees Group Management Company | 4/29/16 | $141,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,506 |
| Investment income | $22,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,955 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $272,533 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,616 |
| Fees for services: Other | $125,950 |
| Advertising and promotion | $0 |
| Office expenses | $38,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,558 |
| All other expenses | $0 |
| Total functional expenses | $777,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,224 |
| Savings and temporary cash investments | $67,759 |
| Pledges and grants receivable | $32,444 |
| 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 | $2,206 |
| Prepaid expenses and deferred charges | $45,811 |
| Investments—publicly traded securities | $1,251,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,451,437 |
| Accounts payable and accrued expenses | $94,516 |
| Grants payable | $0 |
| Deferred revenue | $198,890 |
| 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 | $0 |
| Total liabilities | $293,406 |
| 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 |
| Total liabilities and net assets/fund balances | $1,158,031 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Needlepoint Guild Inc has recieved totaling $385.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $385 |
Endowment Analysis
| Beg. Balance | $1,075,892 |
| Earnings | -$65,082 |
| Net Contributions | $31,085 |
| Ending Balance | $1,041,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Architecture Foundation Chicago, IL | $18,456,323 | $14,699,492 |
Fenestration And Glazing Industry Alliance Schaumburg, IL | $6,384,205 | $4,966,632 |
Fibre Box Association Itasca, IL | $1,560,987 | $3,611,412 |
Hyde Park Art Center Chicago, IL | $13,112,741 | $7,741,893 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Arts Club Of Chicago Chicago, IL | $22,777,301 | $152,339 |
Graham Foundation For Advanced Studies In The Fine Arts Chicago, IL | $0 | $687,158 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Lillian Florsheim Foundation for Fine Arts Chicago, IL | $0 | $525,901 |
Intuit The Center For Intuitive And Outside Art Chicago, IL | $2,150,549 | $1,698,097 |