Southern Highland Handicraft Guild Inc
- Assets
- $7.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Asheville, NC
- Founding
- 10/1967
- Data as of
- 12/2023
- EIN
- 56-0474967
Organization Overview
Southern Highland Handicraft Guild Inc is located in Asheville, NC. The organization was established in 1967. 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 12/2023, Southern Highland Handicraft Guild Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Highland Handicraft Guild 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 12/2023, Southern Highland Handicraft Guild Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
TO CONSERVE AND PERPETUATE THE LIVING ARTS AND PRACTICES OF INDIVIDUAL HAND CRAFTSMANSHIP NATIVE TO THE SOUTHERN MOUNTAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED CRAFT SHOPS TO SELL HANDMADE CRAFTS AND RELATED MATERIALS REPRESENTATIVE OF ITS PERMANENT COLLECTION.
PROMOTED THE APPALACHIAN REGION'S HANDMADE CRAFTS THROUGH VARIOUS EDUCATIONAL ACTIVITIES AT THE GUILD-SPONSORED CRAFT FAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zan Barnes Vice Preside | OfficerTrustee | $0 | |
Katherine Caldwell Secretary | OfficerTrustee | $0 | |
Lee Entrekin Board Member | Trustee | $0 | |
Ray Jones Board Member | Trustee | $0 | |
Mary Nichols Board Member | Trustee | $0 | |
Jude Stuecker President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,935 |
| Total Program Service Revenue | $286,243 |
| Investment income | $70,979 |
| 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 | $1,665,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,113,049 |
| 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 | $847,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,004 |
| Office expenses | $22,434 |
| Information technology | $33,181 |
| Royalties | $0 |
| Occupancy | $184,006 |
| Travel | $557 |
| 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 | $86,666 |
| Insurance | $29,918 |
| All other expenses | $102,535 |
| Total functional expenses | $1,861,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250 |
| Savings and temporary cash investments | $2,824,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $665,798 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,636,500 |
| Investments—publicly traded securities | $1,899,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646,202 |
| Total assets | $7,680,157 |
| Accounts payable and accrued expenses | $119,458 |
| Grants payable | $0 |
| Deferred revenue | $27,870 |
| 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 | $147,328 |
| Net assets without donor restrictions | $7,532,829 |
| 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 | $7,680,157 |