Praxis Integrated Fiber Workshop
- Assets
- $210.0k
- Revenue
- $306.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Cleveland, OH
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-3033270
Organization Overview
Praxis Integrated Fiber Workshop is located in Cleveland, OH. The organization was established in 2015. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Praxis Integrated Fiber Workshop employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praxis Integrated Fiber Workshop 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 12/2022, Praxis Integrated Fiber Workshop generated $306.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $230.3k during the year ending 12/2022. While expenses have increased by 14.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PRAXIS IS TO REVITALIZE THE FIELD OF FIBER ART IN THE CLEVELAND AREA BY GIVING LOCAL ARTISTS AND COMMUNITY MEMBERS ACCESS TO FIBER RELATED EQUIPMENT, CLASSES AND STUDIO SPACE. PRAXIS IS DEDICATED TO INCREASING AWARENESS AND EXPANDING THE FIELD OF CONTEMPORARY FIBER ART BY CREATING AN ENVIRONMENT OF EXPERIMENTATION, EXHIBITION AND COMMUNICATION LOCALLY AND WITHIN THE BROADER ART COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CLASSES. PRAXIS OFFERS A VARIETY OF COURSES OPEN TO ALL COMMUNITY MEMBERS. THESE COURSES SPECIALIZE IN THE PROCESSES OF TEXTILE ARTS SUCH AS WEAVING, FABRIC SURFACE DESIGN AND YARN SPINNING. THERE ARE 3, 3 MONTH SESSIONS DURING THE YEAR WHERE 1 DAY WORKSHOPS RUN ON SATURDAYS AND 4 WEEK COURSES RUN IN THE EVENINGS (APPROX. 75 CLASSES)
COMMUNAL SPACE AND MEMBERSHIP. PRAXIS OFFERS 3 TIERS OF MEMBERSHIP FOR ARTS WHO WISH TO USE OUR WORKSHOP AS STUDIO SPACE. THE BASIC MEMBERSHIP LEVEL AT 55/MONTH ALLOWS ACCESS DURING OPEN STUDIO HOURS ONLY WHEN PRAXIS STAFF IS PRESENT. THE SECOND TIER, WORKING MEMBERSHIP FOR 125/MO ALLOWS 24/7 ACCESS TO THE FACILITY. FINALLY, THERE ARE 5 PRIVATE STUDIOS AVAILABLE AT 275/MO (30 TOTAL MEMBERS).
COMMUNITY ENGAGEMENT. PRAXIS USES ITS RESOURCES TO BRING ART TO THE LOCAL COMMUNITY FOR LOW COST OR FREE WORKSHOPS AND CLASSES. SOME OF THESE PROGRAMS INCLUDE, NATURAL DYE GARDENS IN THE RESIDENTIAL NEIGHBORHOODS OF COLLINWOOD TO ENGAGE THE COMMUNITY ABOUT THE IMPORTANCE OF USING PLANT BASED DYE FOR THE ENVIRONMENT, MOBILE LOOM TO BRING INTO THE NEIGHBORHOODS AND FREE CLASSES FOR RESIDENTS OF OUR NEIGHBORHOOD (APPROX. 400 PEOPLE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pinsky Executive Di | OfficerTrustee | 32 | $29,000 |
Christy Gray President | Officer | 1 | $0 |
Joyce Jentoft Treasurer | Officer | 1 | $0 |
Dru Thompson Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,483 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,612 |
| Total Program Service Revenue | $45,805 |
| 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 | $305,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,317 |
| Advertising and promotion | $2,119 |
| Office expenses | $11,788 |
| Information technology | $4,065 |
| Royalties | $0 |
| Occupancy | $36,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,050 |
| Interest | $6,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,956 |
| Insurance | $8,846 |
| All other expenses | $0 |
| Total functional expenses | $230,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,010 |
| 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 | $80,987 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $209,997 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $95,803 |
| Total liabilities | $95,803 |
| Net assets without donor restrictions | $114,194 |
| 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 | $209,997 |