Studio Art Quilt Assoc Inc
- Assets
- $920.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Hebron, CT
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 77-0271652
Organization Overview
Studio Art Quilt Assoc Inc is located in Hebron, CT. The organization was established in 1995. As of 12/2021, Studio Art Quilt Assoc Inc employed 8 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 12/2021, Studio Art Quilt Assoc Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 6.2% 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
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.
EXHIBITIONS - SAQA'S EXHIBITION PROGRAM TRAVELS MEMBER ARTWORK TO VENUES ACROSS THE GLOBE (MUSEUMS, GALLERIES, QUILT SHOWS, AND REGIONAL LOCATIONS). THESE EXHIBITIONS (12-16 DIFFERENT ONES) ARE JURIED FROM MEMBER SUBMISSIONS AND SUPPORT OUR MISSION TO PROMOTE THE ART QUILT.
ART QUILT QUARTERLY - THROUGH OUR PUBLICATIONS (INCLUDING ART QUILT QUARTERLY), SAQA BRINGS VISIBILITY TO THE ART QUILT MEDIUM TO A BROADER AUDIENCE WHICH INCLUDE 1000+ CURRENT SUBSCRIBERS AND ADDITIONAL MARKETING OUTREACH TO VENUES, OTHER ORGANIZATIONS, AND MORE.
OTHER PROGRAMS INCLUDING ANNUAL CONFERENCE, AND TEXTILE TALKS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Sielman Executive Director | Officer | 40 | $104,904 |
Deborah Boschert President | OfficerTrustee | 2 | $950 |
Mel Beach Vice-President | OfficerTrustee | 2 | $800 |
Dolores Miller Vice-President | OfficerTrustee | 2 | $0 |
Gwyned Trefethen Treasurer | OfficerTrustee | 2 | $0 |
Jayne Gaskins Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,764 |
| Noncash contributions included in lines 1a–1f | $1,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,401 |
| Total Program Service Revenue | $616,569 |
| Investment income | $8,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,470 |
| Net Income from Fundraising Events | $107,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,649 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,174 |
| 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. | $106,654 |
| Compensation of current officers, directors, key employees. | $19,206 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,825 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,609 |
| Payroll taxes | $21,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,275 |
| Fees for services: Accounting | $44,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,998 |
| Advertising and promotion | $66,645 |
| Office expenses | $164,659 |
| Information technology | $33,691 |
| Royalties | $0 |
| Occupancy | $32,744 |
| Travel | $5,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,520 |
| Insurance | $4,669 |
| All other expenses | $0 |
| Total functional expenses | $1,005,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,611 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,879 |
| 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 | $51,631 |
| Net Land, buildings, and equipment | $7,724 |
| Investments—publicly traded securities | $655,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $920,044 |
| Accounts payable and accrued expenses | $29,028 |
| Grants payable | $0 |
| Deferred revenue | $281,223 |
| 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 | $77,434 |
| Total liabilities | $387,685 |
| Net assets without donor restrictions | $192,865 |
| Net assets with donor restrictions | $339,494 |
| 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 | $920,044 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Studio Art Quilt Assoc Inc has recieved totaling $11,161.
| Awarding Organization | Amount |
|---|---|
The Fuller Foundation Pasadena, CA PURPOSE: GENERAL SUPPORT | $8,000 |
Tourville Foundation Marquette, MI PURPOSE: GENERAL OPERATIONS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $661 |
Endowment Analysis
| Beg. Balance | $285,697 |
| Earnings | $43,997 |
| Ending Balance | $329,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New 42nd Street Inc New York, NY | $46,201,671 | $18,353,998 |
Mann Center For The Performing Arts Philadelphia, PA | $32,818,014 | $23,395,696 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Boston Ballet Inc Boston, MA | $56,996,958 | $26,750,107 |
Us India Friendship Alliance Inc New York, NY | $3,250,782 | $21,813,031 |
Buffalo Fine Arts Academy Buffalo, NY | $293,134,468 | $30,844,940 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Preservation Society Of Newport County Newport, RI | $83,597,126 | $27,874,827 |