Sew Valley
- Assets
- $109.7k
- Revenue
- $391.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Cincinnati, OH
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-2721314
Organization Overview
Sew Valley is located in Cincinnati, OH. The organization was established in 2017. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Sew Valley employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sew Valley 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, Sew Valley generated $391.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $351.9k during the year ending 12/2021. While expenses have increased by 31.1% per year over the past 4 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
SEW VALLEY IS AN ART AND DESIGN NONPROFIT SERVICE ORGANIZATION WITH THE MISSION TO PROVIDE THE MIDWEST COMMUNITY OF FASHION DESIGNER/ENTREPRENEURS WITH RESOURCES AND TECHNOLOGY TO BUILD A SCALABLE, SUSTAINABLE AND RESPONSIBLY SEWN PRODUCT AND BRAND. THROUGH OUR FLEXIBLE WORK SPACE, WE PROVIDE OPPORTUNITIES FOR MEMBERSHIP, PRODUCTION SERVICES, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE APPAREL DESIGNERS AND ENTREPRENEURS IN GROWING THEIR BRANDS IN A SUSTAINABLE AND THOUGHTFUL WAY BY OFFERING PHYSICAL WORKSPACE, EDUCATIONAL WORKSHOPS AND CONTRACT SERVICES SUCH AS PATTERN MAKING, SAMPLE MAKING, AND SMALL BATCH PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Kovacs Co-Founder, | OfficerTrustee | 40 | $35,361 |
Shailah Maynard Co-Founder, | OfficerTrustee | 32 | $28,493 |
Craig Davis Board Member | Trustee | 1 | $0 |
Ashley Kubley Board Member | Trustee | 1 | $0 |
Ollie Kroner Board Member | Trustee | 1 | $0 |
Jessie Cundiff Board Member | Trustee | 1 | $0 |
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 | $78,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,414 |
| Total Program Service Revenue | $8,844 |
| 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 | $304,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,797 |
| 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. | $63,855 |
| Compensation of current officers, directors, key employees. | $21,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,980 |
| Payroll taxes | $59,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,544 |
| Advertising and promotion | $1,384 |
| Office expenses | $3,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,848 |
| Travel | $752 |
| 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 | $0 |
| Insurance | $1,093 |
| All other expenses | $7,511 |
| Total functional expenses | $351,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,532 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $836 |
| Total assets | $109,676 |
| Accounts payable and accrued expenses | $3,648 |
| 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 | $3,648 |
| Net assets without donor restrictions | $106,028 |
| 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 | $109,676 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sew Valley has recieved totaling $75,027.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT (2021-2022) | $50,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saveartspace Grand Blanc, MI | $216,862 | $790,017 |
Newark Sport And Event Commission Newark, OH | $1,160,361 | $569,037 |
Passion Works Athens, OH | $255,327 | $633,062 |
Radiant Hall Studios Pittsburgh, PA | $175,357 | $431,597 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Nickel Plate Arts Inc Noblesville, IN | $138,591 | $422,458 |
Sew Valley Cincinnati, OH | $109,676 | $391,797 |
Zygote Press Inc Cleveland, OH | $317,709 | $287,825 |
Detroit Artists Market Detroit, MI | $358,384 | $246,278 |
Chester County Bar Foundation West Chester, PA | $1,653,992 | $260,556 |
Hoosier Salon Patrons Association Indianapolis, IN | $235,840 | $346,649 |
3 Dots Downtown State College, PA | $16,104 | $0 |