Tryon Arts And Crafts Inc
- Assets
- $794.0k
- Revenue
- $348.5k
- Investments
- $229.2k
- Employees
- 4
- Location
- Tryon, NC
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 56-0946889
Organization Overview
Tryon Arts And Crafts Inc is located in Tryon, NC. The organization was established in 1967. 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 12/2022, Tryon Arts And Crafts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Arts And Crafts 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 12/2022, Tryon Arts And Crafts Inc generated $348.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $304.7k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CREATIVE OPPORTUNITIES FOR EVERYONE THROUGH EDUCATION, INSTRUCTION, AND EXPRESSION OF HERITAGE AND CONTEMPORARY ARTS AND CRAFTS IN A FRIENDLY, STIMULATING AND ENRICHING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
245 MEMBERS AND 46 GIFT SHOP ARTISTS PROVIDED 56 WORKSHOPS, 64 WEEKLY CLASSES AND 5 YOUTH PROGRAMS IN ADDITION TO INDEPENDENT STUDY. THESE SITUATIONS IMPACTED 264 STUDENTS IN WORKSHOPS AND 333 IN CLASSES. 1 GALLERY EXHIBITIONS DREW 200 VIEWERS AND FESTIVALS DREW 1,100 ATTENDEES. ALL SERVICES COMBINED TO GENERATE OVER 4,396 OPPORTUNITIES FOR INDIVIDUAL ARTS AND CRAFTS VISITOR EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Justice Board Member | Trustee | 1 | $0 |
Tari Gerst Board Member | Trustee | 1 | $0 |
Shelley Sperka Board Member | Trustee | 1 | $0 |
Lauren Roy Board Member | Trustee | 1 | $0 |
Ben Waddell Board Member | Trustee | 1 | $0 |
Cinda Austin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,152 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,965 |
| Total Program Service Revenue | $109,472 |
| Investment income | $10,658 |
| 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 | $7,734 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,516 |
| 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 | $124,006 |
| Pension plan accruals and contributions | $12,067 |
| Other employee benefits | $0 |
| Payroll taxes | $9,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,990 |
| Fees for services: Other | $45,693 |
| Advertising and promotion | $8,530 |
| Office expenses | $8,711 |
| Information technology | $4,987 |
| Royalties | $0 |
| Occupancy | $39,557 |
| Travel | $0 |
| 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 | $16,465 |
| Insurance | $9,676 |
| All other expenses | $7,442 |
| Total functional expenses | $304,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,067 |
| 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 | $460,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $793,971 |
| Accounts payable and accrued expenses | $18,480 |
| 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 | $18,480 |
| Net assets without donor restrictions | $712,249 |
| Net assets with donor restrictions | $63,242 |
| 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 | $793,971 |