Ten Thousand Village Iowa City
- Assets
- $134.3k
- Revenue
- $310.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Iowa City, IA
- Founding
- 09/2014
- Data as of
- 03/2024
- EIN
- 46-3292169
Organization Overview
Ten Thousand Village Iowa City is located in Iowa City, IA. The organization was established in 2014. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 03/2024, Ten Thousand Village Iowa City employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten Thousand Village Iowa City 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 03/2024, Ten Thousand Village Iowa City generated $310.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $323.4k during the year ending 03/2024. While expenses have increased by 29.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO CREATE OPPORTUNITIES FOR ARTISANS IN DEVELOPING COUNTRIES TO EARN INCOME BY BRINGING THEIR PRODUCTS AND STORIES TO OUR MARKETS THROUGH LONG-TERM FAIR TRADING RELATIONSHIPS. THE ORGANIZATION SELLS MERCHANDISE, SUBSTANTIALLY ALL OF WHICH HAS BEEN HAND- CRAFTED BY PERSONS OF LOW-INCOME, IN ORDER TO PROVIDE INCREASED SELF- EMPLOYMENT AND A BETTER QUALITY OF LIFE FOR LOW-INCOME PERSONS AND THEIR FAMILIES. THE GOAL IS TO RAISE THE PUBLIC'S AWARENESS OF AND CONCERN FOR ECONOMIC JUSTICE FOR THE POOR IN IMPOVERISHED PARTS OF THE WORLD, AND FOR SUSTAINABLE ECONOMIC DEVELOPMENT AND APPROPRIATE TECHNOLOGY WHICH PROTECTS THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION PURCHASED FAIR TRADE GOODS FROM ARTISANS IN 30 DEVELOPING COUNTRIES. THE ORGANIZATION ALSO HELD ARTISAN CRAFT CLASSES AND EDUCATIONAL EVENTS. THERE WERE 32 VOLUNTEER DONATING 414 HOURS.
HOSTED THE 7TH ANNUAL RUG EVENTS THAT PUT 38608 DIRECTLY INTO THE HANDS OF OUR ARTISANS PARTNERS IN PAKISTAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Guirolagarcia-Prendes Board Member | Trustee | $0 | |
Allison Hall Board Member | Trustee | $0 | |
Thushan Hemachandra Board Member | Trustee | $0 | |
Elizabeth Jackson Secretary | OfficerTrustee | $0 | |
Mike Mckay Board Member | Trustee | $0 | |
Muriel Nisly Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,974 |
| Total Program Service Revenue | $302,655 |
| Investment income | $1,713 |
| 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 | $310,342 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,755 |
| Pension plan accruals and contributions | $1,420 |
| Other employee benefits | $0 |
| Payroll taxes | $7,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,883 |
| Advertising and promotion | $6,513 |
| Office expenses | $13,933 |
| Information technology | $2,465 |
| Royalties | $0 |
| Occupancy | $21,892 |
| Travel | $1,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $567 |
| Insurance | $9,315 |
| All other expenses | $0 |
| Total functional expenses | $323,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,484 |
| Savings and temporary cash investments | $44,179 |
| 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 | $48,835 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $134,349 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $9,310 |
| Total liabilities | $9,310 |
| Net assets without donor restrictions | $125,039 |
| 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 | $134,349 |