Penland School Of Craft
- Assets
- $77.3m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 89
- Location
- Penland, NC
- Founding
- 12/1940
- Data as of
- 04/2023
- EIN
- 56-0623948
Organization Overview
Penland School Of Craft is located in Penland, NC. The organization was established in 1940. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, Penland School Of Craft employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penland School Of Craft 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 04/2023, Penland School Of Craft generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $9.0m during the year ending 04/2023. While expenses have increased by 5.3% 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 MISSION OF PENLAND SCHOOL OF CRAFT IS TO MAKE LIVES MEANINGFUL THROUGH MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY, PRINTMAKING, TEXTILES, WOOD AND LETTERPRESS STUDIOS. THE SCHOOL ALSO SPONSORS ARTISTS' RESIDENCIES, EDUCATIONAL OUTREACH PROGRAMS, AND A CRAFT GALLERY. IN A TYPICAL YEAR, WE SERVE APPROXIMATELY 1,400 STUDENTS AND 16,000 VISITORS. PLEASE SEE SCHEDULE O FOR A CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS.STUDIO CLASSES: PENLAND'S ADULT CRAFT EDUCATION PROGRAM OFFERS PROFESSIONAL TRAINING IN BOOKS, PAPER, CLAY, DRAWING, PAINTING, GLASS, IRON, LETTERPRESS, PRINT, METALS, PHOTOGRAPHY, TEXTILES, AND WOOD IN 16 STUDIOS. IN FY23, PENLAND SERVED 1,328 STUDENTS IN ADULT CRAFT WORKSHOPS. EIGHT PROFESSIONAL ARTISTS WORKED AND LIVED AT PENLAND IN FY23 AS PART OF OUR THREE-YEAR RESIDENT ARTIST PROGRAM. RESIDENT ARTISTS 2021-2024: DANIEL GARVER (CERAMICS), BFA, UNIVERSITY OF WISCONSIN-MILWAUKEE; SEAN O'CONNELL (CERAMICS), MFA, ROCHESTER INSTITUTE OF TECHNOLOGY; AND SARAH VAUGHAN (GLASS), MFA, ROCHESTER INSTITUTE OF TECHNOLOGY. RESIDENTS 2020-2023: ADAM ATKINSON (MIXED MEDIA), MFA, EAST CAROLINA UNIVERSITY; EVERETT HOFFMAN (MIXED MEDIA), MFA, VIRGINIA COMMONWEALTH UNIVERSITY; ELLIE RICHARDS (WOOD), MFA, ARIZONA STATE UNIVERSITY; ADAM WHITNEY (METALS), BFA, VIRGINIA COMMONWEALTH UNIVERSITY; AND JULIA HARRISON (METALS), MFA, UNIVERSITY OF WASHINGTON. PENLAND'S CORE FELLOWSHIP PROGRAM CONTINUES TO SUPPORT 8 EMERGING ARTISTS WHO EXCHANGE TWO YEARS OF PART-TIME WORK FOR TUITION, ROOM, BOARD, AND STUDIO SPACE. CORE FELLOWS 2021-2023: LISA NGUYEN (WOOD), BA, SAN DIEGO STATE UNIVERSITY; CELIA SHAHEEN (TEXTILES); AND LILY WILKINS (MIXED MEDIA), BFA, MARYLAND INSTITUTE COLLEGE OF ART. CORE FELLOWS 2023-2025: KIMBERLY JO (CROSS-DISCIPLINARY), BFA, HARTFORD ART SCHOOL; BRADON LOPEZ (GLASS), BFA, TYLER SCHOOL OF ART; NICHOLAS MCDONALD (MIXED MEDIA), BA, LYON COLLEGE; GRACE ANNE ODOM (METALS, PHOTOGRAPHY), BA, HENDRIX COLLEGE; AND AMAL TAMARI (CLAY), BA, EARLHAM COLLEGE. WINTER RESIDENCIES PROVIDED 131 ARTISTS WITH INDEPENDENT CREATIVE TIME IN PENLAND'S 16 STATE-OF-THE-ART STUDIOS DURING JANUARY 2023. WE OFFERED TWELVE DISTINGUISHED FELLOWSHIPS TO ARTISTS OF COLOR, AND FELLOWSHIPS TO TWO HBCU EDUCATORS, FOR TWO-WEEK WINTER RESIDENCIES AT NO COST TO THE ARTISTS. WE ALSO OFFERED 62 ADDITIONAL PARTIAL FELLOWSHIPS TO REMOVE THE WINTER RESIDENCY FEE.THE PENLAND GALLERY & VISITORS CENTER HOSTED 6,528 VISITORS AND EXHIBITED THE WORK OF 189 ARTISTS. COMMUNITY COLLABORATIONS PROGRAMS PROVIDED EXPERIENTIAL ARTS EDUCATION FOR 1,676 CHILDREN AND 1,876 ADULTS THROUGH TEACHING ARTIST IN THE SCHOOLS, SUBS WITH SUITCASES, SUMMER CAMP, AFTERSCHOOL WORKSHOPS, COMMUNITY OPEN HOUSE, COMMUNITY EVENTS, AND OTHER INITIATIVES. THE JANE KESSLER MEMORIAL ARCHIVES AT PENLAND COLLECTS AND PRESERVES UNIQUE MATERIALS THAT CAPTURE THE RICH HISTORY OF THE SCHOOL; WE NOW PROVIDE LINKS TO OUR DIGITIZED AUDIOVISUAL MATERIALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Sanders Chair | OfficerTrustee | 15 | $0 |
Rich Osborne Past Chair | OfficerTrustee | 15 | $0 |
Lillian Giornelli Vice Chair | OfficerTrustee | 15 | $0 |
David Brody Treasurer | OfficerTrustee | 15 | $0 |
Cathy Adelman Secretary | OfficerTrustee | 15 | $0 |
Judy Alexander Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mt Construction Of Wnc Construction | 4/29/22 | $328,183 |
Stitch Design Shop Architectural | 4/29/22 | $132,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,124 |
| Related organizations | $0 |
| Government grants | $106,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,221,987 |
| Noncash contributions included in lines 1a–1f | $186,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,345,103 |
| Total Program Service Revenue | $3,258,240 |
| Investment income | $449,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,485 |
| Net Gain/Loss on Asset Sales | $369,851 |
| Net Income from Fundraising Events | $173,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $122,049 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,885,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,467 |
| Compensation of current officers, directors, key employees. | $177,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,744,548 |
| Pension plan accruals and contributions | $61,664 |
| Other employee benefits | $513,971 |
| Payroll taxes | $224,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $224,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,329,109 |
| Advertising and promotion | $27,781 |
| Office expenses | $482,481 |
| Information technology | $99,101 |
| Royalties | $0 |
| Occupancy | $387,866 |
| Travel | $36,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,303 |
| Interest | $65,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,353,147 |
| Insurance | $280,309 |
| All other expenses | $76,019 |
| Total functional expenses | $8,959,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,003 |
| Savings and temporary cash investments | $7,284,926 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $295,904 |
| Prepaid expenses and deferred charges | $144,128 |
| Net Land, buildings, and equipment | $22,140,588 |
| Investments—publicly traded securities | $43,977,335 |
| Investments—other securities | $0 |
| Investments—program-related | $2,824,960 |
| Intangible assets | $0 |
| Other assets | $26,260 |
| Total assets | $77,304,858 |
| Accounts payable and accrued expenses | $709,348 |
| Grants payable | $0 |
| Deferred revenue | $2,046,444 |
| 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 | $1,702,898 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,458,690 |
| Net assets without donor restrictions | $25,659,914 |
| Net assets with donor restrictions | $47,186,254 |
| 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 | $77,304,858 |