International Organization Of Lace Inc
- Assets
- $404.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 84-0824544
Organization Overview
International Organization Of Lace Inc is located in Alexandria, VA. The organization was established in 1981. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, 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. International Organization Of Lace 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 06/2022, International Organization Of Lace Inc generated $41.4k 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 (19.1%) each year. All expenses for the organization totaled $47.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.0%) 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
2022
Describe the Organization's Program Activity:
Part 3
DISTRIBUTION, PRESERVATION AND CONTRIBUTION OF LACES, BOOKS, AND MATERIAL WHICH ARE DEEMED TO BE EDUCATION TO THE COMMUNITY AND THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Provencher President | 1 | $0 | |
Sherry Mathers Vice President | 1 | $0 | |
Sandra Maier Recording Secretary | 1 | $0 | |
Deborah Van Dieren Corresponding Secretary | 1 | $0 | |
Nancy Razzino Treasurer | 1 | $0 | |
Karen Hickman Membership Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $911 |
| Total Program Service Revenue | $2,111 |
| Membership dues | $38,398 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,438 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,792 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $24,492 |
| Other expenses | $19,086 |
| Total expenses | $46,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $394,357 |
| Other assets | $0 |
| Total assets | $404,705 |
| Total liabilities | $104,723 |
| Net assets or fund balances | $299,982 |