American Association Of Woodturners
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- St Paul, MN
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 45-3809279
Organization Overview
American Association Of Woodturners is located in St Paul, MN. The organization was established in 2012. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Association Of Woodturners employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Woodturners 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, American Association Of Woodturners generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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 PROVIDE EDUCATION, INFORMATION AND ORGANIZATION TO THOSE INTERESTED IN WOODTURNING.
Describe the Organization's Program Activity:
THE AAW INTERNATIONAL SYMPOSIUM, SCHEDULED FOR OMAHA, NE IN JUNE WAS CANCELLED DUE TO THE COVID-19 PANDEMIC. FOR THE SECOND CONSEQUTIVE YEAR, ARRANGEMENTS WERE MADE TO PRESENT OUR TRADITIONAL WOODTURNING SYMPOSIUM PROGRAMMING VIRTUALLY. THE VIRTUAL EVENT GENERATED NEARLY 3,000 REGISTRANTS AND WAS VIEWED BY INDIVDIUALS IN 25 DIFFERENT COUNTRIES. HELD OVER TWO DAYS, THIS VIRTUAL EVENT OFFERED A PREMIER LEARNING OPPORTUNITY AND WAS THE WORLD'S LARGEST GATHERING OF WOODTURNING ENTHUSIASTS IN 2021.
THE AAW IS THE LEADING AUTHORITY IN WOODTURNING EDUCATION AND EXECUTING OUR STRATEGY TO BECOME THE PREMIER WORLD-WIDE ONLINE WOODTURNING EDUCATOR. THE AAW PUBLISHES A HIGH-QUALITY EDUCATIONAL JOURNAL, AMERICAN WOODTURNER, WHICH IS DISTRIBUTED TO ALL MEMBERS. CONTENT COVERS AN EXTREMELY BROAD RANGE OF TOPICS IMPORTANT TO THE WOODTURNING COMMUNITY. THE AAW IS ALSO HEAVILY VESTED IN THE ONLINE LEARNING SPACE ENABLING ACCESS TO MORE THAN 35 YEARS OF INTELLECTUAL PROPERTIES.
TOTAL MEMBERSHIP AT THE END OF 2021 WAS APPROXIMATELY 14,700. MEMBERSHIP RETENTION AND ACQUISITION OF NEW MEMBERS ARE CRITICAL PERFORMANCE MEASURES.
IN 2021, THE AAW DISBURSED $14,296 IN CASH GRANTS UNDER OUR EDUCATIONAL OPPORTUNITY GRANTS PROGRAM TO INDIVIDUALS, AFFILIATED LOCAL CHAPTERS AND SCHOOLS AND EDUCATIONAL INSTITUTIONS. THESE EOG GRANTS SUBSTANTIALLY INCREASE THE AAW'S REACH TO PROVIDE TANGIBLE LEARNING AND SERVICE OPPORTUNITIES. CHARITABLE DONATIONS OF ARTWORK BY OUR MEMBERS PROVIDE THE SOURCE OF GRANT FUNDING FOR THIS IMPORTANT EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Mcdonald Executive Director | Officer | 40 | $97,119 |
Greg Schramek Through 7921 President/past President | OfficerTrustee | 30 | $0 |
Mike Summerer President 71021 Vice President/president | OfficerTrustee | 20 | $0 |
Linda Britt Vp 71021 Director/vice President | OfficerTrustee | 20 | $0 |
Joseph Dickey Treasurer | OfficerTrustee | 20 | $0 |
Jay Brown Secretary | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,979 |
| Noncash contributions included in lines 1a–1f | $4,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,367 |
| Total Program Service Revenue | $1,148,810 |
| Investment income | $11,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,128 |
| Net Income from Fundraising Events | $34,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,435,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,296 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,119 |
| Compensation of current officers, directors, key employees. | $23,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,124 |
| Advertising and promotion | $19,300 |
| Office expenses | $108,760 |
| Information technology | $72,977 |
| Royalties | $0 |
| Occupancy | $52,852 |
| Travel | $36,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,284 |
| Insurance | $51,226 |
| All other expenses | $7,219 |
| Total functional expenses | $1,329,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $533,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,766 |
| Prepaid expenses and deferred charges | $47,629 |
| Net Land, buildings, and equipment | $56,485 |
| Investments—publicly traded securities | $1,325,535 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $448,690 |
| Total assets | $2,442,172 |
| Accounts payable and accrued expenses | $76,101 |
| Grants payable | $0 |
| Deferred revenue | $555,987 |
| 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 | $632,088 |
| Net assets without donor restrictions | $1,355,275 |
| Net assets with donor restrictions | $454,809 |
| 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 | $2,442,172 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Association Of Woodturners has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Peckham Family Foundation Katonah, NY PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE IN ARTS | $1,000 |
Endowment Analysis
| Beg. Balance | $278,535 |
| Earnings | $45,212 |
| Net Contributions | $38,078 |
| Other Expense | $37,487 |
| Ending Balance | $324,338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Craft Council Minneapolis, MN | $6,869,826 | $3,121,094 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Union Construction Crafts Workers Compensation Fund Bloomington, MN | $541,374 | $1,672,771 |
American Association Of Woodturners St Paul, MN | $2,442,172 | $1,435,170 |
Urban Roots Mn St Paul, MN | $649,457 | $875,121 |
Forecast Public Artworks St Paul, MN | $1,063,412 | $1,010,564 |
Franconia Sculpture Park Shafer, MN | $3,377,116 | $636,537 |
Southeastern Minnesota Arts Council Inc Rochester, MN | $706,176 | $777,550 |
Public Art Saint Paul St Paul, MN | $739,376 | $339,805 |
Iowa Arts In Education Des Moines, IA | $212,952 | $511,979 |
Elys Historic State Theater Ely, MN | $396,462 | $439,135 |
Civa Christians In Visual Arts Monona, WI | $175,361 | $429,048 |