Mountain And Valley Wool Association Inc
- Assets
- $28.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Taos, NM
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 84-0981259
Organization Overview
Mountain And Valley Wool Association Inc is located in Taos, NM. The organization was established in 2016. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain And Valley Wool Association 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 12/2023, Mountain And Valley Wool Association Inc generated $46.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $45.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2023
Describe the Organization's Program Activity:
Part 3
THE TAOS WOOL FESTIVAL IS AN ANNUAL EVENT PRODUCED BY THE MOUNTAIN AND VALLEY WOOL ASSOCIATION, WHICH TAKES PLACE THE FIRST WEEKEND IN OCTOBER. THE EVENT TAKES PLACE IN KIT CARSON PARK ON WITH APPROXIMATELY 60 FIBER VENDORS AND APPROXIMATELY 5 FOOD VENDOR BOOTHS. WORKSHOPS ARE HELD DURING THE 2 TO 3 DAYS PRIOR TO THE WOOL FESTIVAL WEEKEND, IN LOCATIONS IN THE TOWN OF TAOS. WOOL FESTIVAL EVENTS INCLUDE SHEEP SHEARING DEMONSTRATIONS, A FIBER ANIMAL EXHIBIT, FIBER ART DEMONSTRATIONS, HANDS-ON PROJECTS FOR CHILDREN, LIVE MUSIC, COMPETITIONS (DESCRIBED IN MORE DETAIL BELOW) AND A SILENT AUCTION.COMPETITIONS INCLUDE THE WOOL/FLEECE COMPETITION AND SHOW, THE YARN COMPETITION AND SHOW AND THE GARMENT AND HOME ACCESSORIES CONTEST. WOOL GROWERS, HAND SPINNERS AND FIBER ARTISANS ARE INVITED TO SUBMIT THEIR PRODUCTS AND WORK FOR JUDGING AND EXHIBIT. THERE ARE TYPYCALLY OVER 100 PARTICIPANTS IN THESE COMPETITIONS EACH YEAR.WORKSHOPS FEATURE REGIONAL AND NATIONALLY KNOWN FIBER ARTISTS AND INSTRUCTORS. PARTICIPANTS AND INSTRUCTORS FOR THESE WORKSHOPS COME FROM ACROSS THE US. MANY OF THE WORKSHOPS TAKE PLACE OVER MULTIPLE DAYS. THERE ARE TYPICALLY 100 TO 150 WORKSHOP ATTENDEES EACH YEAR.THE TAOS WOOL FESTIVAL HAS AN ANNUAL ATTENDANCE OF APPROXIMATELY 4000-5000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Perkins Treasurer | 5 | $0 | |
Jeff Doney Chairman | 5 | $0 | |
Lise Poulsen Secretary | 5 | $0 | |
Deb Tewell Director | 5 | $0 | |
Brian Perkins Vice Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,660 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,693 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,504 |
| Total Revenue | $45,988 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,508 |
| Total expenses | $45,508 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,114 |
| Other assets | $0 |
| Total assets | $28,124 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,124 |