Tryon Arts And Crafts Inc
- Assets
- $799.1k
- Revenue
- $295.4k
- Investments
- $270.2k
- Employees
- 4
- Location
- Tryon, NC
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 56-0946889
Organization Overview
Tryon Arts And Crafts Inc is located in Tryon, 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 12/2021, Tryon Arts And Crafts Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Arts And Crafts 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 12/2021, Tryon Arts And Crafts Inc generated $295.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $276.9k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CREATIVE OPPORTUNITIES FOR EVERYONE THROUGH EDUCATION, INSTRUCTION, AND EXPRESSION OF HERITAGE AND CONTEMPORARY ARTS AND CRAFTS IN A FRIENDLY, STIMULATING AND ENRICHING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
228 MEMBERS AND 52 GIFT SHOP ARTISTS PROVIDED 43 WORKSHOPS, 98 WEEKLY CLASSES AND 5 YOUTH PROGRAMS IN ADDITION TO INDEPENDENT STUDY. THESE SITUATIONS IMPACTED 231 STUDENTS IN WORKSHOPS AND 359 IN CLASSES. 3 GALLERY EXHIBITIONS DREW 1,225 VIEWERS AND FESTIVALS DREW 1,250 ATTENDEES. ALL SERVICES COMBINED TO GENERATE OVER 5,192 OPPORTUNITIES FOR INDIVIDUAL ARTS AND CRAFTS VISITOR EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karoline S Orourke Vice President | OfficerTrustee | 1 | $0 |
Julie Mcintyre President | OfficerTrustee | 1 | $0 |
Leigh Nodine Secretary | OfficerTrustee | 1 | $0 |
Jamie Carpenter Treasurer | OfficerTrustee | 2 | $0 |
Will Barclift Executive Director | Officer | 40 | $0 |
Tari Gerst Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,794 |
| Total Program Service Revenue | $99,839 |
| Investment income | $16,037 |
| 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 | $4,129 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,447 |
| 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 | $103,840 |
| Pension plan accruals and contributions | $10,000 |
| Other employee benefits | $0 |
| Payroll taxes | $7,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,210 |
| Fees for services: Other | $35,100 |
| Advertising and promotion | $10,654 |
| Office expenses | $9,817 |
| Information technology | $4,325 |
| Royalties | $0 |
| Occupancy | $30,622 |
| 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 | $20,965 |
| Insurance | $13,767 |
| All other expenses | $6,209 |
| Total functional expenses | $276,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,597 |
| 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 | $463,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $270,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $799,077 |
| Accounts payable and accrued expenses | $8,703 |
| 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 | $0 |
| Total liabilities | $8,703 |
| Net assets without donor restrictions | $773,265 |
| Net assets with donor restrictions | $17,109 |
| 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 | $799,077 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tryon Arts And Crafts Inc has recieved totaling $71,700.
| Awarding Organization | Amount |
|---|---|
Polk County Community Foundation Inc Tryon, NC PURPOSE: COMMUNITY ART FACILITY (SOLAR PANELS, FREE CLASSES, SUSTAINABILITY) | $36,700 |
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
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 |