American Quilt Study Group
- Assets
- $935.5k
- Revenue
- $524.8k
- Investments
- $869.2k
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 47-0813103
Organization Overview
American Quilt Study Group is located in Lincoln, NE. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, American Quilt Study Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Quilt Study Group 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 12/2023, American Quilt Study Group generated $524.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $450.2k during the year ending 12/2023. While expenses have increased by 6.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN QUILT STUDY GROUP ESTABLISHES AND PROMOTES THE HIGHEST STANDARDS FOR INTERDISCIPLINARY QUILT-RELATED STUDIES, PROVIDING OPPORTUNITIES FOR STUDY, RESEARCH AND PUBLICATION OF WORKS THAT ADVANCE THE KNOWLEDGE OF QUILTS AND RELATED SUBJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF QUILT RESEARCH, WORKSHOPS, LECTURES FOR SPECIFIC BENEFIT; MEMBERS ARE QUILT HISTORIANS, RESEARCHERS, HOBBYISTS WHO RECEIVE VALUED INFORMATION AND ADVICE; PUBLICATION OF ORIGINAL QUILT HISTORY RESEARCH FOR PUBLIC BENEFIT; OFFER RESEARCH GRANTS.
PRESENTATION OF QUILT RESEARCH, WORKSHOPS, LECTURES FOR SPECIFIC BENEFIT; MEMBERS ARE QUILT HISTORIANS, RESEARCHERS, HOBBYISTS WHO RECEIVE VALUED INFORMATION AND ADVICE; PUBLICATION OF ORIGINAL QUILT HISTORY RESEARCH FOR PUBLIC BENEFIT; OFFER RESEARCH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Dell Executive Di | OfficerTrustee | 40 | $81,252 |
Kristin Barrus Treasurer | OfficerTrustee | $0 | |
Nancy Bavor President | OfficerTrustee | $0 | |
Jodi Bratch Director | Trustee | $0 | |
Deb Dahab 1st Vice Pre | OfficerTrustee | $0 | |
Lisa Elrandson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $79,723 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,680 |
| Total Program Service Revenue | $204,220 |
| Investment income | $17,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,928 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,751 |
| 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 | $132,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,018 |
| Fees for services: Other | $11,075 |
| Advertising and promotion | $0 |
| Office expenses | $24,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,866 |
| Travel | $2,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176,683 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245 |
| Insurance | $2,388 |
| All other expenses | $0 |
| Total functional expenses | $450,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,171 |
| Prepaid expenses and deferred charges | $2,532 |
| Net Land, buildings, and equipment | $519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $869,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $935,485 |
| Accounts payable and accrued expenses | $1,424 |
| Grants payable | $0 |
| Deferred revenue | $40,766 |
| 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 | $42,190 |
| Net assets without donor restrictions | $628,742 |
| Net assets with donor restrictions | $264,553 |
| 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 | $935,485 |