Capital Quilters Guild
- Assets
- $70.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 56-1229908
Organization Overview
Capital Quilters Guild is located in Raleigh, NC. The organization was established in 1984. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Capital Quilters Guild 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 06/2022, Capital Quilters Guild generated $49.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $45.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND PERPETUATE THE ART OF QUILTING BY TEACHING AND SPONSORING EVENTS. THE WORK OF THE GUILD IS DESIGNED TO BENEFIT AND EDUCATE PERSONS INTERESTED IN PRESERVING, CONTINUING, AND ADVANCING THIS ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Grasso Member At Large | 1 | $0 | |
Ginny Nugent Charity & Community | 1 | $0 | |
Lisa Mclaughlin Communications | 1 | $0 | |
Sandra Wilson Vice President | 1 | $0 | |
Anna Norris President | 1 | $0 | |
Betsy Proctor-Roose Membership Coordinator | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,116 |
| Total Program Service Revenue | $30,205 |
| Membership dues | $7,250 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,379 |
| Other Revenue | $0 |
| Total Revenue | $48,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $10,211 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,738 |
| Total expenses | $45,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,307 |
| Other assets | $0 |
| Total assets | $70,945 |
| Total liabilities | $9,100 |
| Net assets or fund balances | $61,845 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Bascom Corporation Highlands, NC | $11,572,802 | $1,588,338 |
Friends Of Southwest Virginia Abingdon, VA | $1,122,100 | $1,695,532 |