Embroiderers Guild Of America Inc
- Assets
- $3.6m
- Revenue
- $656.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Louisville, KY
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 13-1914577
Organization Overview
Embroiderers Guild Of America Inc is located in Louisville, KY. The organization was established in 1976. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Embroiderers Guild Of America Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Embroiderers Guild Of America 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, Embroiderers Guild Of America Inc generated $656.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $952.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE APPRECIATION FOR AND CELEBRATE THE HERITAGE OF EMBROIDERY.
Describe the Organization's Program Activity:
CULTIVATION, PROMOTION AND DISSEMINATION OF KNOWLEDGE AND INFORMATION CONCERNING THE ART OF EMBROIDERY AND ASSOCIATED ARTS THROUGH SEMINARS, EXHIBITS, PUBLICATIONS AND OTHER EDUCATIONAL AND PROMOTIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Welch Administrator | Officer | 40 | $58,185 |
Marge Kelly Vice President | OfficerTrustee | 30 | $0 |
Kathy Melville Secretary | OfficerTrustee | 10 | $0 |
Karen Hamilton President | OfficerTrustee | 30 | $0 |
Pam Coller Treasurer | OfficerTrustee | 20 | $0 |
Celeste Chalasani Director Of Education (prior) | Trustee | 28 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $322,719 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,865 |
| Noncash contributions included in lines 1a–1f | $6,945 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,584 |
| Total Program Service Revenue | $224,628 |
| Investment income | $41,922 |
| 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 | $9,239 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $656,475 |
| 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. | $58,185 |
| Compensation of current officers, directors, key employees. | $14,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,270 |
| Pension plan accruals and contributions | $4,170 |
| Other employee benefits | $6,952 |
| Payroll taxes | $12,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,746 |
| Fees for services: Accounting | $21,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,015 |
| Fees for services: Other | $8,107 |
| Advertising and promotion | $130,759 |
| Office expenses | $28,245 |
| Information technology | $17,994 |
| Royalties | $0 |
| Occupancy | $63,911 |
| Travel | $32,860 |
| 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 | $12,544 |
| Insurance | $30,296 |
| All other expenses | $36,820 |
| Total functional expenses | $952,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,250 |
| Accounts receivable, net | $40,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,210 |
| Prepaid expenses and deferred charges | $27,852 |
| Net Land, buildings, and equipment | $22,397 |
| Investments—publicly traded securities | $2,668,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,812 |
| Other assets | $502,361 |
| Total assets | $3,586,074 |
| Accounts payable and accrued expenses | $58,562 |
| Grants payable | $0 |
| Deferred revenue | $225,520 |
| 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 | $284,082 |
| Net assets without donor restrictions | $3,230,859 |
| Net assets with donor restrictions | $71,133 |
| 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 | $3,586,074 |
Endowment Analysis
| Beg. Balance | $53,925 |
| Net Contributions | $1,575 |
| Ending Balance | $55,500 |
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|---|---|---|
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