Quilt Institute Inc

Organization Overview

Quilt Institute Inc is located in La Grange, TX. The organization was established in 2011. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Quilt Institute Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quilt Institute 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, Quilt Institute Inc generated $219.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $283.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A MUSEUM DEDICATED TO PRESERVING, PUBLICIZING, AND ENHANCING THE ART OF QUILTING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM WAS OPEN TO THE PUBLIC IN THE 4TH QUARTER OF 2011. THE PRIMARY SERVICE ACCOMPLISHMENTS INCLUDE THE EXHIBITION OF BOTH ARTISTIC AND HISTORICAL QUILTS TO THE PUBLIC. IN ADDITION, THE MUSEUM IS COLLECTING RESEARCH MATERIALS FOR USE BY THE PUBLIC. A NUMBER OF TOURS FROM OUTSIDE THE CITY AND COUNTY ARE HOSTED DURING THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Karey Bresenhan
President
$0
Nancy O'bryant Puentes
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,512
Fundraising events$0
Related organizations$0
Government grants $6,909
All other contributions, gifts, grants, and similar amounts not included above$96,401
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$106,822
Total Program Service Revenue$112,192
Investment income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $219,014

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