Knitting Guild Association
- Assets
- $308.1k
- Revenue
- $324.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 81-3004152
Organization Overview
Knitting Guild Association is located in Plano, TX. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knitting Guild Association 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, Knitting Guild Association generated $324.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $297.7k during the year ending 12/2023. While expenses have increased by 20.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSES OF THE CORPORATION ARE TO PROVIDE EDUCATION AND RESOURCES TO KNITTERS TO INCREASE THEIR MASTERY OF THE CRAFT OF KNITTING. OUR MISSION IS TO SUPPORT SERIOUS KNITTERS IN THEIR EFFORTS TO LEARN THE HISTORY, PERPETUATE THE TRADITIONAL TECHNIQUES, AND KEEP THE ARTISAN ASPECT AND HIGH QUALITY STANDARDS OF THE CRAFT ALIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TKGA PROVIDES EDUCATIONAL CONFERENCES, SPECIFICALLY AN EDUCATIONAL ONLINE CONFERENCE CALLED NEXT LEVEL KNITTING CONFERENCE AS WELL AS AN IN-PERSON RETREAT. THE ONLINE CONFERENCE HAS A PURCHASE PRICE AND PROVIDES THREE DAYS OF ONLINE CLASSES- SOME LIVE AND SOME PRE-RECORDED- AS WELL AS BREAK OUT ROOMS, AND 6 MONTHS ACCESS TO RECORDED CONTENT. THERE IS NO LIMIT ON HOW MANY CAN JOIN THE ONLINE CONFERENCE. THE IN-PERSON RETREAT IS ROTATED IN VARYING LOCALS FROM EAST COAST, MIDWEST, AND WEST COAST AND HAS A 50-PERSON LIMIT.
TKGA OFFERS EDUCATIONAL CLASSES THAT ARE DONE REMOTELY AS CORRESPONDENCE COURSES. A CORNERSTONE OF TKGA IS ITS MASTER HAND KNITTING CERTIFICATION PROGRAM, COMPRISED OF THREE LEVELS. KNITTERS SUBMIT THEIR KNITTING, WRITING, AND TECHNICAL KNOWLEDGE TO A PANEL OF MASTER HAND KNITTERS FOR THEIR REVIEW AND COMMENTS. UPON SUCCESSFUL COMPLETION OF ALL THREE CERTIFICATION LEVELS, THE STUDENT BECOMES A MASTER KNITTER.
TKGA PRODUCES A QUARTERLY, ELECTRONIC EDUCATIONAL JOURNAL, CAST ON, TO MEMBERS THAT CONTAINS EDUCATIONAL ARTICLES, BOOK REVIEWS, YARN REVIEWS, PATTERNS WITH EDUCATIONAL ASPECTS, AND TECHNICAL ARTICLES. MEMBERS ALSO RECEIVE THE MONTHLY NEWSLETTER CALLED K2TOG NEWSLETTER, WHICH HAS EDUCATIONAL OFFERINGS AS WELL AS MEMBER NEWS.TKGA HAD 3,138 MEMBERS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arenda Holladay Pres & Exec Dir | OfficerTrustee | 3 | $38,613 |
Mary E Jacobs Treasurer | OfficerTrustee | 3 | $23,081 |
Heather Storta Vp-Education | OfficerTrustee | 3 | $10,353 |
Donna Estin Vp-Comm. | OfficerTrustee | 8 | $7,353 |
Leslie Gonzalez Vp-Cert. | OfficerTrustee | 10 | $6,166 |
Celia Cahill Vp-Off-Site Ed. | OfficerTrustee | 6 | $1,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,396 |
| Noncash contributions included in lines 1a–1f | $17,756 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,396 |
| Total Program Service Revenue | $305,345 |
| 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 | $324,741 |
| 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. | $105,640 |
| Compensation of current officers, directors, key employees. | $19,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,750 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,600 |
| Advertising and promotion | $4,000 |
| Office expenses | $834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,751 |
| Total functional expenses | $297,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,653 |
| 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 | $15,441 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,094 |
| Accounts payable and accrued expenses | $32,866 |
| Grants payable | $0 |
| Deferred revenue | $53,095 |
| 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 | $85,961 |
| Net assets without donor restrictions | $222,133 |
| 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 | $308,094 |