Piedmont Craftsmen Inc
- Assets
- $708.6k
- Revenue
- $446.4k
- Investments
- $0.0
- Employees
- 14
- Location
- Winstonsalem, NC
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 56-0818342
Organization Overview
Piedmont Craftsmen Inc is located in Winstonsalem, NC. The organization was established in 1965. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Piedmont Craftsmen Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Craftsmen 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 12/2021, Piedmont Craftsmen Inc generated $446.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $382.6k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE PUBLIC APPRECIATION OF REGION-WIDE FINE TRADITIONAL AND CONTEMPORARY CRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRAFT SHOP PROGRAMS: PROVIDES A WIDER APPRECIATION AND DEEPER UNDERSTANDING OF THE FINE TRADITIONAL AND CONTEMPORARY ARTS THROUGH THE OPERATION OF A SHOP WHERE ARTISTS RESIDING IN THE UNITED STATES DISPLAY THEIR WORK.
WORKSHOPS AND GALLARY EXHIBITS: PROVIDE A MEDIUM FOR ARTS EDUCATION IN THE COMMUNITY.
CONSIGNMENT AND GALLERY COSTS: PROVIDES A WIDER APPRECIATION AND DEEPER UNDERSTANDING OF THE FINE TRADITIONAL CONTEMPORARY ARTS THROUGH THE OPERATION OF A SHOP WHERE SOUTHEASTERN ARTISTS DISPLAY THEIR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Doub President An | OfficerTrustee | 40 | $44,733 |
Linda Garboczi Chair | OfficerTrustee | 0.3 | $0 |
Mary Gunyuzlu 1st Vice Cha | OfficerTrustee | 0.3 | $0 |
Sharon Hamilton 2nd Vice Cha | OfficerTrustee | 0.3 | $0 |
John Cain Treasurer | OfficerTrustee | 0.3 | $0 |
Wendy Allen Secretary | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,289 |
| Membership dues | $21,262 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,253 |
| Noncash contributions included in lines 1a–1f | $2,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,249 |
| Total Program Service Revenue | $65,171 |
| Investment income | $2,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,448 |
| 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. | $52,347 |
| Compensation of current officers, directors, key employees. | $24,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,900 |
| Payroll taxes | $14,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,278 |
| Advertising and promotion | $15,659 |
| Office expenses | $19,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,835 |
| Travel | $172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,931 |
| Insurance | $10,926 |
| All other expenses | $6,595 |
| Total functional expenses | $382,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,850 |
| Accounts receivable, net | $2,620 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,240 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $400,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,724 |
| Total assets | $708,641 |
| Accounts payable and accrued expenses | $36,592 |
| Grants payable | $0 |
| Deferred revenue | $10,148 |
| 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 | $46,740 |
| Net assets without donor restrictions | $591,815 |
| Net assets with donor restrictions | $70,086 |
| 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 | $708,641 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Piedmont Craftsmen Inc has recieved totaling $45,450.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 19 GRANT(S) FOR VARYING PURPOSES | $40,950 |
Flow Foundation Inc Winstonsalem, NC PURPOSE: COMMUNITY INVOLVEMENT PROGRAMS | $2,500 |
Kooken Family Foundation Winstonsalem, NC PURPOSE: TO FUND ARTIST PANEL DISCUSSIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $32,834 |
| Earnings | $890 |
| Ending Balance | $33,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |