Story Tapestries Inc
- Assets
- $161.3k
- Revenue
- $724.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Poolesville, MD
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3352560
Organization Overview
Story Tapestries Inc is located in Poolesville, MD. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Story Tapestries Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Story Tapestries 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 12/2021, Story Tapestries Inc generated $724.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $683.9k during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO USE THE ARTS AS A POWERFUL TOOL TO CREATE ACCESSIBLE, OPEN SPACES AND OPPORTUNITIES FOR INDIVIDUALS TO REACH THEIR HIGHEST POTENTIAL AND TO WORK TOGETHER FOR A MORE INCLUSIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL BASED: BRINGING ARTS-FOCUSED LEARNING EXPERIENCES INTO THE HANDS OF CHILDREN AND ADULTS BY PROVIDING AN OPPORTUNITY TO EXPLORE SKILLS THROUGH GROUP ACTIVITIES.
COMMUNITY BASED: EMPOWERS, EDUCATES, AND ENGAGES COMMUNITY MEMBERS TO FIND THEIR VOICE THROUGH THE PERFORMING, MEDIA, AND VISUAL ARTS BY COMBINING ARTS, LANGUAGE, AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arianna Ross CEO | Officer | 40 | $94,158 |
Dr Sue Snyder Director | Trustee | 1.2 | $500 |
Faith Klareich Chair | OfficerTrustee | 2.3 | $0 |
Tony Spearman-Leach Vice Chair | OfficerTrustee | 2.3 | $0 |
Suzanne Richard Treasurer | OfficerTrustee | 1.1 | $0 |
Michelle Clark Secretary | OfficerTrustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,267 |
| Noncash contributions included in lines 1a–1f | $9,511 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,138 |
| Total Program Service Revenue | $203,587 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,740 |
| 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. | $92,008 |
| Compensation of current officers, directors, key employees. | $16,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,362 |
| Payroll taxes | $30,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,665 |
| Advertising and promotion | $17,832 |
| Office expenses | $17,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,849 |
| All other expenses | $0 |
| Total functional expenses | $683,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,869 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,263 |
| Accounts payable and accrued expenses | $53,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $39,400 |
| Other liabilities | $5,852 |
| Total liabilities | $98,590 |
| Net assets without donor restrictions | $25,413 |
| Net assets with donor restrictions | $37,260 |
| 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 | $161,263 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Story Tapestries Inc has recieved totaling $132,932.
| Awarding Organization | Amount |
|---|---|
Jim And Carol Trawick Founation Inc Bethesda, MD PURPOSE: HEALTH AND HUMAN SERVICES GRANT | $48,796 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $30,072 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $21,875 |
Arts And Humanities Council Of Montgomery County In Silver Spring, MD PURPOSE: GENERAL OPERATING SUPPORT | $18,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,439 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |