Studio Art Quilt Assoc Inc
- Assets
- $925.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Hebron, CT
- Founding
- 06/1995
- Data as of
- 12/2023
- EIN
- 77-0271652
Organization Overview
Studio Art Quilt Assoc Inc is located in Hebron, CT. The organization was established in 1995. As of 12/2023, Studio Art Quilt Assoc Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Art Quilt Assoc 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, Studio Art Quilt Assoc Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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
TO PROMOTE THE ART QUILT THROUGH EDUCATION, EXHIBITIONS, PROFESSIONAL DEVELOPMENT, DOCUMENTATION, AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: FOUNDED IN 1989, STUDIO ART QUILT ASSOCIATES IS AN INTERNATIONAL NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING THE ART QUILT, "A CREATIVE VISUAL WORK THAT IS LAYERED AND STITCHED OR THAT REFERENCES THIS FORM OF STITCHED LAYERED STRUCTURE." WE OFFER OUR 4,000 + MEMBERS A WIDE RANGE OF EXCLUSIVE RESOURCES AND PROFESSIONAL OPPORTUNITIES TO FURTHER THEIR CREATIVE GROWTH. THIS INCLUDES A QUARTERLY JOURNAL, ONLINE RESOURCES, SEMINARS, MENTORSHIP, ANNUAL CONFERENCE, AND REGIONAL MEETINGS.
OTHER PROGRAMS, INCLUDING ART QUILT QUARTERLY AND TEXTILE TALKS.
EXHIBITIONS: SAQA'S EXHIBITION PROGRAM TRAVELS MEMBER ARTWORK TO VENUES ACROSS THE GLOBE (MUSEUMS, GALLERIES, QUILT SHOWS, AND REGIONAL LOCATIONS). THESE EXHIBITIONS (18-20 DIFFERENT ONES) ARE JURIED FROM MEMBER SUBMISSIONS AND SUPPORT OUR MISSION TO PROMOTE THE ART QUILT.
ANNUAL CONFERENCE: SAQA'S ANNUAL CONFERENCE PROVIDES NETWORKING OPPORTUNITIES AND INSPIRATION TO OUR MEMBERS. PRESENTATIONS FROM KEY LEADERS IN THE ART QUILT WORLD ARE OFFERED ALONG WITH ORGANIZATIONAL RETREATS AND LEARNING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Sielman Executive Director | Officer | 40 | $119,657 |
Mel Beach President | OfficerTrustee | 2 | $0 |
Lilo Bowman Vice-President | OfficerTrustee | 2 | $0 |
Shannon Conley Treasurer | OfficerTrustee | 2 | $0 |
Claire Passmore Secretary | OfficerTrustee | 2 | $0 |
Gwyned Trefethen Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,402 |
| Total Program Service Revenue | $702,111 |
| Investment income | $11,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,624 |
| Net Income from Fundraising Events | $102,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,391 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,330,771 |
| 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. | $119,840 |
| Compensation of current officers, directors, key employees. | $18,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,583 |
| Payroll taxes | $33,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,574 |
| Advertising and promotion | $97,175 |
| Office expenses | $228,964 |
| Information technology | $30,691 |
| Royalties | $0 |
| Occupancy | $36,429 |
| Travel | $81,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,663 |
| Insurance | $4,898 |
| All other expenses | $1,000 |
| Total functional expenses | $1,452,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $23,319 |
| Net Land, buildings, and equipment | $26,835 |
| Investments—publicly traded securities | $594,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,213 |
| Total assets | $925,133 |
| Accounts payable and accrued expenses | $12,024 |
| Grants payable | $0 |
| Deferred revenue | $316,267 |
| 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 | $191,887 |
| Total liabilities | $520,178 |
| Net assets without donor restrictions | $277,951 |
| Net assets with donor restrictions | $127,004 |
| 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 | $925,133 |