Embroiderers Guild Of America Inc
- Assets
- $3.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 03/1976
- Data as of
- 12/2023
- EIN
- 51-0201050
Organization Overview
Embroiderers Guild Of America Inc is located in Louisville, KY. The organization was established in 1976. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Embroiderers Guild Of America 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 12/2023, Embroiderers Guild Of America Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
TO STIMULATE APPRECIATION FOR AND CELEBRATE THE HERITAGE OF EMBROIDERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTIVATION, PROMOTION AND DISSEMINATION OF KNOWLEDGE AND INFORMATION CONCERNING THE ART OF EMBROIDERY AND ASSOCIATED ARTS THROUGH LOCAL AND REGIONAL SEMINARS, EXHIBITS AND OTHER EDUCATIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Overton Aiken Stitchin | Officer | 1 | $0 |
Connie Beveridge Alabama | Officer | 1 | $0 |
Susan A Ankeney Ann Arbor | Officer | 1 | $0 |
Amy Draper Austin Stitchery Guild | Officer | 1 | $0 |
Heidi Peterson Azure Verde | Officer | 1 | $0 |
Mary Jo Homanich B. C. Stitchers | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $392,616 |
| Fundraising events | $98,289 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,883 |
| Total Program Service Revenue | $945,859 |
| Investment income | $13,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,544,720 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,201 |
| Office expenses | $3,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,223 |
| Travel | $31,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,758 |
| Interest | $0 |
| Payments to affiliates | $266,484 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $71,640 |
| Total functional expenses | $1,394,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,742,292 |
| Savings and temporary cash investments | $1,328,209 |
| 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 | $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 | $3,070,501 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,070,501 |
| 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 | $3,070,501 |