Colorado Quilting Council
- Assets
- $91.6k
- Revenue
- $28.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wheat Ridge, CO
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 84-0840730
Organization Overview
Colorado Quilting Council is located in Wheat Ridge, CO. The organization was established in 1999. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Colorado Quilting Council 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 12/2020, Colorado Quilting Council generated $28.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COLORADO QUILTING COUNCIL IS A STATE-WIDE ORGANIZATION WHOSE OBJECTIVE IS TO ASSIST IN PRESERVING THE HERITAGE OF QUILTING TO BE A SOURCE OF INFORMATION AND INSPIRATION AND TO ENCOURAGE A HIGH STANDARD OF EXCELLENC
Describe the Organization's Program Activity:
Part 3
RETREATS AND MEETINGS - WEEKEND RETREATS AND PERIODIC MEETINGS OFFERING EDUCATIONAL CLASSES AND AN OPPORTUNITY TO SHARE KNOWLEDGE OF THE CRAFT AND NETWORK WITH OTHERS WHO SHARE A COMMITMENT TO THE ORGANIZATION. RETREATS ARE FOR MEMBERS ONLY. MEETINGS ARE OPEN TO THE PUBLIC FOR A 10 NONMEMBER FEE.
NEWSLETTER PRODUCTION-MEMBER PUBLICATION TO PROVIDE INFORMATION RELATED TO UPCOMING EVENTS, LOCATIONS AND MAPS.
CHARITY QUILT PROJECTS, DOCUMENTATION COMMITTEE, GIFTS GRANTS, COMPETITION JUDGING AND EXPENSES RELATED TO MEMBERSHIP FEES AND OTHER SMALL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Jones 2nd VP Programs | 4 | $0 | |
Betty Andrews Secretart | 1 | $0 | |
Laural Hoppes President | 5 | $0 | |
Pat Cleveland 1st VP Membership | 2 | $0 | |
Karen Truesdell Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,168 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $130 |
| 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 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 | $0 |
| Fees for services: Accounting | $5,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800 |
| Advertising and promotion | $0 |
| Office expenses | $504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,569 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,555 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $982 |
| All other expenses | $0 |
| Total functional expenses | $31,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,296 |
| 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 | $2,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,588 |
| Accounts payable and accrued expenses | $550 |
| Grants payable | $0 |
| Deferred revenue | $675 |
| 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 | $1,225 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $90,363 |
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