National Wood Carvers Association
- Assets
- $109.7k
- Revenue
- $118.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 31-0829675
Organization Overview
National Wood Carvers Association, operating under the name Chip Chats Magazine, is located in Cincinnati, OH. The organization was established in 1992. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Chip Chats Magazine employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chip Chats Magazine 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, Chip Chats Magazine generated $118.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $109.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 years. 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
GUIDING, EDUCATING, PROMOTING THE ART OF WOODCARVING SCULPTING, BURNING, TURNING, FRETWORK, CHAIN SAW, CHIP, BARK, CARICATURES IN USA INTERNATIONALLY VIA CHIP CHATS MAG ENDOWED SCHOLARSHIP AT MIAMI UNIV-OXFORD OH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONIES RECEIVED FROM MEMBERSHIP DUES,DONATIONS, NWCA PATCHESDECALS, SALE OF BACK ISSUES ENABLE US TO PUBLISH CHIP CHATS MAGAZINE QUARTERLY 4 ISSUES A YEAR WHICH PROMOTES THE ART OF WOODCARVING TO OVER 5000 MEMBERS WORLDWIDE. MEMBERS CAN SEE WHATS NEW IN THE CARVING WORLD. FIND PATTERNS SOURCES OF SUPPLIES SUCH AS BOOKS, TOOLS, PATTERNS, ROUGHOUTS WOODS. MEMBERS CAN TRAVEL TO AREA CLUBS AND SHOWS AROUND THE WORLD TO DISPLAY, SELL AND BUY WORKS OF ART. THEY CAN OBSERVE AND PARTICIPATE IN CARVING DEMONSTRATIONS, TAKE CLASSES LEARN/ MENTOR NEW CARVERS HELPING BOY SCOUTS TO COMPLETE THEIR CARVING MERIT BADGE AID THOSE IN THE RESTORATION FIELD TO REPAIR/REPLACE BROKEN PIECES AND/OR PARTS CARVE CANES FOR OUR WOUNDED VETERANS OF WAR CARVE PLAQUES OF HISTORICAL SIGNIFICANCE. MEMBERS WITH DISABILITIES AND SIGHT IMPAIRMENTS HAVE FOUND WAYS TO ADAPT USING TOOLS AND SERVICES MEMBERS HAVE MADE AVAILABLE TO THEM. CARVING WHITTLING CAN BE THERAPEUTIC FOR OUR RETURNING COMBAT VETERANS, KEN C OF IDAHO HAS BEEN INSTRUMENTAL REACHING OUT INTRODUCING THEM TO CARVING CHIP CHATS MAG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie A Potluri Cincinnati Oh 45243 Editor | Officer | 35 | $44,352 |
L C Frye Cincinnati Oh 45243 Sec-Treasurer | Officer | 18 | $14,400 |
Keith Radick Delaware Oh 43015 Director/trustee 21 | Trustee | 4 | $0 |
Charles Sapp St Charles Mo 63303 Director/trustee 21 | Trustee | 7 | $0 |
Bob Mcginnis Amarillo Tx 79101 Director/trustee 21 | Trustee | 1 | $0 |
Donna Thomas Nevada Mo 64772 Director/trustee 22 | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $84,574 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,893 |
| Total Program Service Revenue | $10,695 |
| Investment income | $3,724 |
| 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 | $118,365 |
| 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. | $42,846 |
| Compensation of current officers, directors, key employees. | $5,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $750 |
| Office expenses | $39,727 |
| Information technology | $2,459 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $364 |
| All other expenses | $0 |
| Total functional expenses | $109,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,506 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $60,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $109,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $122,469 |
| 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 | $122,469 |
| Net assets without donor restrictions | -$21,467 |
| Net assets with donor restrictions | $0 |
| 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 | $109,742 |