Craftsmens Guild Of Mississippi Inc
- Assets
- $181.2k
- Revenue
- $290.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Ridgeland, MS
- Founding
- 10/1979
- Data as of
- 06/2023
- EIN
- 23-7321077
Organization Overview
Craftsmens Guild Of Mississippi Inc is located in Ridgeland, MS. The organization was established in 1979. 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 06/2023, Craftsmens Guild Of Mississippi Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craftsmens Guild Of Mississippi 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 06/2023, Craftsmens Guild Of Mississippi Inc generated $290.3k 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 (12.8%) each year. All expenses for the organization totaled $263.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, PROMOTE, EDUCATE & ENCOURAGE THE HIGHEST STANDARD OF EXCELLENCE IN REGIONAL CRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - ENHANCED MISSISSIPPIAN'S UNDERSTANDING AND APPRECIATION OF CRAFTS BY PRESENTING EDUCATIONAL PROGRAMS AND DEMOSTRATIONS FOR THE PUBLIC. MORE THAN 200 DEMONSTRATIONS WERE GIVEN DURING THE PAST YEAR AND CLASSES ARE HELD EVERY WEEK AT THE CENTER.
MARKETING AND RETAIL - THE GUILD SUPPORTED LOCAL CRAFTSMEN THROUGH THEIR GALLERY WHICH SELLS AND DISPLAYS THE WORK OF ITS MEMBERS. THE GUILD HOLDS THE CHIMNEYVILLE CRAFTS FESTIVAL WHICH WAS NAMED A TOP 20 EVENT IN THE SOUTHEAST TOURISM SOCIETY.
ECONOMIC DEVELOPMENT - THE GUILD PROMOTED ECONOMIC DEVELOPMENT IN THE AREA OF FINE CRAFTS. IT IS ESTIMATED THAT IN EXCESS OF $9 MILLION ANNUALLY WILL BE SPENT IN HOTELS, RESTAURANTS, ATTRACTIONS, AND RETAIL SALES IN MISSISSIPPI BECAUSE OF THE CENTER. DURING THE PAST YEAR, VISITORS CAME FROM ALL 50 U.S. STATES AND VARIOUS FOREIGN COUNTRIES TO THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Campbell Board Member | Trustee | 1 | $0 |
Brian Beckham Board Member | Trustee | 1 | $0 |
Alma Ellis Board Member | Trustee | 1 | $0 |
Kit White Board Member | Trustee | 1 | $0 |
Carolyn Hudson Board Member | Trustee | 1 | $0 |
Katie Clark Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,442 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,631 |
| Total Program Service Revenue | $25,066 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,025 |
| 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 | $59,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,329 |
| 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. | $53,401 |
| Compensation of current officers, directors, key employees. | $11,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,450 |
| Payroll taxes | $4,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,500 |
| Fees for services: Accounting | $16,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,969 |
| Office expenses | $26,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,335 |
| Travel | $36 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,860 |
| Insurance | $4,634 |
| All other expenses | $0 |
| Total functional expenses | $263,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $24,118 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $93,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $181,225 |
| Accounts payable and accrued expenses | $5,227 |
| Grants payable | $0 |
| Deferred revenue | $15,961 |
| 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 | $12,897 |
| Other liabilities | $0 |
| Total liabilities | $34,085 |
| Net assets without donor restrictions | $147,140 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $181,225 |