Southern Highland Handicraft Guild Inc
- Assets
- $7.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Asheville, NC
- Founding
- 10/1967
- Data as of
- 12/2022
- 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 12/2022, Southern Highland Handicraft Guild Inc employed 60 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 12/2022, Southern Highland Handicraft Guild Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
2022
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 |
|---|---|---|---|
Ruthie Cohen Secretary | OfficerTrustee | $0 | |
Jude Stuecker Vice Preside | OfficerTrustee | $0 | |
Jason Janow President | OfficerTrustee | $0 | |
Peter Werner Treasurer | OfficerTrustee | $0 | |
Tom Bailey Exec Directr | Officer | $0 | |
Lorraine Cathey Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,220 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,375 |
| Total Program Service Revenue | $298,102 |
| Investment income | $24,672 |
| 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 | $1,766,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,199,830 |
| 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 | $778,963 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,441 |
| Office expenses | $29,320 |
| Information technology | $37,872 |
| Royalties | $0 |
| Occupancy | $190,701 |
| Travel | $406 |
| 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 | $87,486 |
| Insurance | $22,741 |
| All other expenses | $106,658 |
| Total functional expenses | $1,771,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250 |
| Savings and temporary cash investments | $2,819,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $609,135 |
| Prepaid expenses and deferred charges | $2,206 |
| Net Land, buildings, and equipment | $1,649,868 |
| Investments—publicly traded securities | $1,507,224 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $612,062 |
| Total assets | $7,206,278 |
| Accounts payable and accrued expenses | $128,898 |
| Grants payable | $0 |
| Deferred revenue | $161,637 |
| 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 | $290,535 |
| Net assets without donor restrictions | $6,915,743 |
| 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 | $7,206,278 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southern Highland Handicraft Guild Inc has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Asheville Area Arts Council Asheville, NC PURPOSE: Support Community Arts | $6,750 |
Asheville Area Arts Council Asheville, NC PURPOSE: Support Community Arts | $6,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts & Science Council Charlotte Mecklenburg Inc Charlotte, NC | $42,519,495 | $11,600,726 |
Frist Art Museum Nashville, TN | $27,247,403 | $12,277,490 |
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Textile Rental Services Association Of America Inc Alexandria, VA | $12,660,390 | $5,781,606 |
Inda Association Of The Non Woven Fabrics Industry Cary, NC | $9,846,018 | $4,859,607 |
Andreas H Bechtler Arts Foundation Charlotte, NC | $39,434,021 | $2,461,495 |
Virginia Museum Of Contemporary Art Virginia Beach, VA | $2,164,198 | $3,254,466 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
The Center For Craft Creativity & Design Inc Asheville, NC | $15,329,103 | $2,386,393 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Southern Highland Handicraft Guild Inc Asheville, NC | $7,206,278 | $2,199,830 |
Mccoll Center For Art & Innovation Charlotte, NC | $14,043,354 | $2,439,387 |