Midwest Textile Services Association
- Assets
- $110.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 36-0901670
Organization Overview
Midwest Textile Services Association is located in Chicago, IL. The organization was established in 1944. 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. Midwest Textile Services 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 12/2021, Midwest Textile Services Association generated $31.7k 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 (6.6%) each year. All expenses for the organization totaled $50.1k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
CONDUCT MEMBER MEETINGS AT WHICH INDUSTRY ISSUES ARE DISCUSSED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Rohn President | 1 | $0 | |
Jim Buik Vice President | 1 | $0 | |
Doug Trolian Secretary/treas | 1 | $0 | |
Paul Brady Director | 1 | $0 | |
Paul Stratton Director | 1 | $0 | |
David Tingue Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,716 |
| Investment income | $3,377 |
| Gain or Loss | $7,755 |
| Net Income from Gaming & Fundraising | $12,886 |
| Other Revenue | $0 |
| Total Revenue | $31,734 |
| 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 | $400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,651 |
| Total expenses | $50,051 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,373 |
| Other assets | $0 |
| Total assets | $110,923 |
| Total liabilities | $10,775 |
| Net assets or fund balances | $100,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |