Piedmont Craftsmen Inc
- Assets
- $552.1k
- Revenue
- $343.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Winstonsalem, NC
- Founding
- 06/1965
- Data as of
- 12/2023
- 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 12/2023, Piedmont Craftsmen Inc employed 15 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 12/2023, Piedmont Craftsmen Inc generated $343.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $430.5k 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
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 | $46,583 |
Erika Von Isenburg Director | Trustee | 0.3 | $0 |
Tom Skinner Director | Trustee | 0.3 | $0 |
Elizabeth Gledhill Director | Trustee | 0.3 | $0 |
Cindy Miller Director | Trustee | 0.3 | $0 |
Tim Sullivan Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $44,500 |
| Membership dues | $18,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,150 |
| Noncash contributions included in lines 1a–1f | $4,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,575 |
| Total Program Service Revenue | $77,931 |
| Investment income | $2,059 |
| 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 | $66,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,015 |
| 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. | $46,583 |
| Compensation of current officers, directors, key employees. | $17,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,429 |
| Payroll taxes | $14,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,352 |
| Advertising and promotion | $22,340 |
| Office expenses | $24,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,877 |
| Travel | $2,210 |
| 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 | $25,004 |
| Insurance | $13,001 |
| All other expenses | $17,125 |
| Total functional expenses | $430,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,794 |
| Accounts receivable, net | $2,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,805 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $367,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,605 |
| Total assets | $552,102 |
| Accounts payable and accrued expenses | $36,680 |
| Grants payable | $0 |
| Deferred revenue | $6,682 |
| 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 | $6,590 |
| Total liabilities | $49,952 |
| Net assets without donor restrictions | $405,811 |
| Net assets with donor restrictions | $96,339 |
| 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 | $552,102 |