Capital Quilters Guild
- Assets
- $70.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/1984
- EIN
- 56-1229908
Organization Overview
Capital Quilters Guild is located in Raleigh, NC. The organization was established in 1984. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Quilters Guild 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 undefined, Capital Quilters Guild generated $49.0k 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 (15.2%) each year. All expenses for the organization totaled $45.4k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND PERPETUATE THE ART OF QUILTING BY TEACHING AND SPONSORING EVENTS. THE WORK OF THE GUILD IS DESIGNED TO BENEFIT AND EDUCATE PERSONS INTERESTED IN PRESERVING, CONTINUING, AND ADVANCING THIS ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Prow Member At Large | 1 | $0 | |
Carolyn Ruby Member At Large | 1 | $0 | |
Betsy Proctor-Roose Membership | 1 | $0 | |
Lisa Mclaughlin Communications | 1 | $0 | |
Cathy Alvis Charity & Community Outreach | 1 | $0 | |
Irene Thomas Fundraising | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,116 |
| Total Program Service Revenue | $30,205 |
| Membership dues | $7,250 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,379 |
| Other Revenue | $0 |
| Total Revenue | $48,955 |
| Statement of Expenses | |
|---|---|
| Total expenses | $45,449 |
| Balance Sheet | |
|---|---|
| Total assets | $70,945 |
| Total liabilities | $9,100 |
| Net assets or fund balances | $61,845 |