National Council Of Textile Organizations is located in Washington, DC. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2024, National Council Of Textile Organizations employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Council Of Textile Organizations is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2024, National Council Of Textile Organizations generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.3m during the year ending 03/2024. While expenses have increased by 3.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL COUNCIL OF TEXTILE ORGANIZATIONS IS A UNIQUE ASSOCIATION REPRESENTING THE ENTIRE SPECTRUM OF THE TEXTILE SECTOR. FROM FIBERS TO FINISHED PRODUCTS, FROM MACHINERY MANUFACTURERS TO POWER SUPPLIERS, NCTO IS THE VOICE OF THE U.S. TEXTILE INDUSTRY.NCTO'S MISSION IS FOCUSED ON CREATING POWERFUL NATIONAL AND INTERNATIONAL ALLIANCES TO ADVANCE THE INTERESTS OF THE U.S. TEXTILE SECTOR. AS AN ORGANIZATION, IT IS UNRIVALED IN ITS COMPOSITION WHICH ALLOWS EACH SEGMENT OF THE INDUSTRY TO HAVE A VOTE IN DETERMINING NTCO POLICY. THE CENTERPIECE OF NCTO IS THE FOUR SEPARATE COUNCILS REPRESENTING THE FIBER, YARN, FABRIC, AND SUPPLIER INDUSTRIES, EACH WITH ITS OWN BOARD REPRESENTATION. AS A LOBBYING GROUP, NCTO IS HARNESSING THE INFLUENCE OF AN ARRAY OF ASSOCIATIONS AND BUSINESS GROUPS THAT HAVE A STAKE IN THE SURVIVAL AND PROSPERITY OF THE U.S. TEXTILE SECTOR TO LEVERAGE OUR IMPACT IN THE HALLS OF OUR NATION'S CAPITAL. NCTO IS ALSO MOBILIZING GLOBAL RESOURCES IN ITS EFFORTS TO PRESERVE THE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM 1 TRADE CONSULTING: WORKING ON TRADE ISSUES FACING THE TEXTILE INDUSTRY IS THE PRIMARY REASON NCTO OFTEN COMMISSIONS STUDIES OR RETAINS LEGAL AND PROFESSIONAL SERVICES OF OUTSIDE CONSULTANTS, CONTRACT LABOR, AND LAW FIRMS AS NEEDED TO RESEARCH AND REVIEW THESE ISSUES. MONITORING MARKET DISRUPTION FROM IMPORTS AND PROVIDING FUNDS FOR MARKET RESEARCH AND STUDIES TO SUBSTANTIATE AND REMEDY SUCH DISRUPTIONS CONTINUES TO BE ONE OF THE MOST IMPORTANT FUNCTIONS OF NCTO AND IS NOT ONLY EXTREMELY BENEFICIAL TO DOMESTIC MANUFACTURERS BUT CRITICAL TO THE HEALTH AND WELL BEING OF THE MEMBERS OF NCTO. ANY BENEFICIAL ACTION FOR DOMESTIC MANUFACTURERS GREATLY BENEFITS SUPPLIERS AND AFFILIATED MEMBERS AS WELL SINCE THEY ARE MANY TIMES THE CUSTOMER BASE. THEREFORE, THIS TYPE OF SERVICE AND ACTION ULTIMATELY BENEFITS ALL NCTO MEMBERS TO SOME DEGREE. ON BEHALF OF THE NCTO MEMBERS AND AFFILIATES, NCTO IS AN IMPORTANT RESOURCE TO GOVERNMENT ON ISSUES AFFECTING THE DOMESTIC TEXTILE INDUSTRY.
PROGRAM 2 PUBLIC RELATIONS CAMPAIGN: A CONTINUATION OF THE INDUSTRY REBRANDING CAMPAIGN ENTITLED AMERICAN TEXTILES -- WE MAKE AMAZINGTM WAS DESIGNED TO ACCURATELY DEFINE THE 21ST CENTURY U.S. TEXTILE INDUSTRY. THEMES AND MATERIALS HAVE BEEN UTILIZED THAT CORRECT OUTDATED AND MISLEADING IMPRESSIONS OF THE INDUSTRY AND THAT ESTABLISH A BASELINE APPRECIATION FOR THE INDUSTRY AS A MAJOR EMPLOYER, INVESTOR, INNOVATOR, PRODUCER, EXPORTER, AND COMPETITOR IN THE GLOBAL MARKETPLACE. THE CAMPAIGN FOCUS CONTINUES TO ENGAGE NCTO MEMBERS, MEDIA AND INFLUENCERS OF INDUSTRY POLICY.NCTOS PR CAMPAIGN CONTINUES TO BE A MAJOR FOCUS TO AMPLIFY THROUGH SOCIAL MEDIA THE U.S. TEXTILE INDUSTRYS EFFORTS ON PPE AND THE CALL FOR A LONG-TERM NATIONAL STRATEGY TO SUPPORT DOMESTIC PRODUCTION AND PAINT A PORTRAIT FOR U.S. LAWMAKERS, WHO MAY HAVE NEVER STEPPED INTO A TEXTILE FACTORY. OUR PR AND SOCIAL MEDIA EFFORTS ARE AIMED AT SHOWING MEMBERS OF CONGRESS HOW THE U.S. TEXTILE INDUSTRY CONTRIBUTED TO THE NATIONS PPE CRISIS AFTER THE ONSET OF THE COVID-19 PANDEMIC AND ALSO DEMONSTRATING THE IMPORTANCE OF IMMEDIATE POLICIES AND LEGISLATION, SUCH AS BUY AMERICAN MANDATES, TO ESTABLISH A SUSTAINABLE DOMESTIC SUPPLY CHAIN FOR THE FUTURE. THERE CONTINUE TO BE ALLIED ORGANIZATIONS WHO HAVE PARTNERED WITH NCTO ON THIS CAMPAIGN BROADENING THE REACH TO GO WELL BEYOND NCTO MEMBERS ONLY. THE OBJECTIVE OF ENGAGING MULTIPLE ORGANIZATIONS IS TO FURTHER SPREAD A MORE POSITIVE MESSAGE ON BEHALF OF THE TEXTILE INDUSTRY.TO ENHANCE THE EXPOSURE OF THE TEXTILE INDUSTRY IN THE MEDIAL, NCTO CONTINUES TO SHOWCASE THE REBRANDING EFFORTS THROUGH ITS WEBSITE WWW.TEXTILESINTHENEWS.ORG WHICH IS LARGELY USED FOR THE DISSEMINATION OF ARTICLES RELATING TO THE TEXTILE INDUSTRY. A WEEKLY PUBLICATION OF TEXTILES IN THE NEWS IS PROVIDED TO ALL MEMBERS AND ASSOCIATED AFFILIATES AND THEN STORED ON THE WEBSITE. THIS SITE IS INTENDED TO EDUCATE A WIDE AUDIENCE.THERE IS ALSO A WEEKLY PRESS ROUND UP THAT IS ASSIMILATES NEWS ARTICLES WHICH MAKE MENTION OF NCTO AND/OR ANY OF ITS MEMBER COMPANIES. THE PRESS ROUND UP IS THEN WIDELY DISTRIBUTED TO NCTO ALL MEMBERS AND AFFILIATES.
PROGRAM 3 PAUL ODAY MEMORIAL SCHOLARSHIP NCTO SPONSORS AN ANNUAL SCHOLARSHIP PROGRAM WHICH WAS CREATED IN HONOR OF PAUL T. ODAY WHO WAS A LEADER IN THE FIBER INDUSTRY FOR MORE THAN THREE DECADES. NCTOS FIBER COUNCIL ADMINISTERS THE SCHOLARSHIP PROGRAM WHERE RECIPIENTS RECEIVE A $5,000 AWARD EACH YEAR, TOTALING $20,000 FOR FOUR YEARS OF STUDY. APPLICANTS ARE VETTED AND A WINNER SELECTED BY THE NCTO BOARD MEMBERS WHO REPRESENT THE FIBER COUNCIL. CHILDREN OF NCTOS MEMBER COMPANY EMPLOYEES ARE ELIGIBLE TO APPLY AS THIS PROGRAM IS OPEN TO ALL NCTO MEMBERS WHO HAVE QUALIFYING STUDENTS SEEKING GRADUATE AND POST GRADUATE DEGREES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kimberly Glas President & CEO | Officer | 40 | $591,562 |
Merl T Ethington | 40 | $180,000 | |
Augustine Tantillo President & CEO | 40 | $183,000 | |
Kristi L Ellis | 40 | $136,750 | |
Sara Beatty Secretary | Officer | 40 | $135,000 |
Robin Haynes Treasurer | Officer | 40 | $101,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sara O Beatty Trade Consulting | 3/30/23 | $0 |
Augustine Tantillo Management Consulting | 3/30/23 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,654,245 |
Investment income | $161,552 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $18,681 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,861,931 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
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. | $837,438 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $426,000 |
Pension plan accruals and contributions | $38,651 |
Other employee benefits | $94,489 |
Payroll taxes | $65,878 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,905 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $37,135 |
Fees for services: Other | $494,129 |
Advertising and promotion | $0 |
Office expenses | $2,539 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $97,471 |
Travel | $36,197 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,820 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,257 |
Insurance | $4,352 |
All other expenses | $7,370 |
Total functional expenses | $2,276,423 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,696 |
Savings and temporary cash investments | $967,714 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $75,322 |
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 | $99,259 |
Net Land, buildings, and equipment | $2,536 |
Investments—publicly traded securities | $4,589,534 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $151,480 |
Total assets | $5,917,541 |
Accounts payable and accrued expenses | $44,600 |
Grants payable | $0 |
Deferred revenue | $43,900 |
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 | $144,772 |
Total liabilities | $233,272 |
Net assets without donor restrictions | $5,585,544 |
Net assets with donor restrictions | $98,725 |
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 | $5,917,541 |