Totals
- Total revenue
- $10,699,059
- Total expenses
- $10,797,378
- Contributions and grants received
- $4,879,434
- Grants paid
- $0
- Program service revenue
- $3,096,488
- Investment income
- $1,680,655
- Other revenue
- $1,042,482
- Total assets, end of year
- $81,567,394
- Total liabilities, end of year
- $3,545,334
- Net assets or fund balances, end of year
- $78,022,060
- Program services expenses (Part IX)
- $7,619,822
- Management and general expenses
- $2,566,170
- Fundraising expenses
- $611,386
- Program service expenses (Part III)
- $7,619,822
Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$9,712
-
1e · Government grants (contributions)
$62,500
-
1f · All other contributions, gifts and grants
$4,807,222
-
1g · Noncash contributions included above
$667,366
-
2a · Program service revenue: TUITION, ROOM/BOARD, FEES
total $2,734,015 · related or exempt $2,734,015
-
2b · Program service revenue: GALLERY
total $362,473 · related or exempt $362,473
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $837,785 · excluded $837,785
-
6a · Gross rents
real property $89,837
-
6c · Rental income or loss
real property $89,837 · personal property $0
-
6d · Net rental income or loss
total $89,837 · related or exempt $89,837
-
7a · Gross sales of assets other than inventory
securities $845,370
-
7b · Less cost or other basis and sales expenses
other assets $2,500
-
7c · Gain or loss
securities $845,370 · other assets -$2,500
-
7d · Net gain or loss
total $842,870 · excluded $842,870
-
8a · Fundraising events: gross income
$462,882
-
8a · Fundraising events: contributions included on line 1c
$9,712
-
8b · Fundraising events: direct expenses
$251,812
-
8c · Net income from fundraising events
total $211,070 · excluded $211,070
-
10a · Gross sales of inventory
$265,315
-
10b · Cost of goods sold
$147,921
-
10c · Net income from sales of inventory
total $117,394 · excluded $117,394
-
11a · Other revenue: MISCELLANEOUS
total $490,418 · excluded $490,418
-
11b · Other revenue: INSURANCE PROCEEDS, NET
total $128,920 · excluded $128,920
-
11c · Other revenue: VISITOR MEALS
total $3,475 · excluded $3,475
-
11d · All other revenue
total $1,368 · related or exempt $0 · unrelated business $0 · excluded $1,368
-
11e · Other revenue, total
$624,181
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $644,804 · management and general $483,603 · fundraising $161,201
-
7 · Other salaries and wages
total $3,363,063 · program services $2,843,546 · management and general $296,384 · fundraising $223,133
-
8 · Pension plan contributions
total $79,560 · program services $55,394 · management and general $18,405 · fundraising $5,761
-
9 · Other employee benefits
total $534,038 · program services $367,236 · management and general $125,194 · fundraising $41,608
-
10 · Payroll taxes
total $271,900 · program services $191,748 · management and general $51,601 · fundraising $28,551
-
11c · Fees: accounting
total $279,753 · program services $149,328 · management and general $95,085 · fundraising $35,340
-
11g · Fees: other
total $1,121,837 · program services $921,401 · management and general $200,436 · fundraising $0
-
12 · Advertising and promotion
total $37,122 · program services $29,147 · fundraising $7,975
-
13 · Office expenses
total $171,848 · program services $64,434 · management and general $107,414
-
14 · Information technology
total $107,837 · program services $8,757 · management and general $51,273 · fundraising $47,807
-
16 · Occupancy
total $392,079 · program services $365,659 · management and general $26,420
-
17 · Travel
total $53,298 · program services $10,561 · management and general $1,571 · fundraising $41,166
-
19 · Conferences, conventions and meetings
total $3,618 · program services $2,126 · management and general $29 · fundraising $1,463
-
20 · Interest
total $54,540 · management and general $54,540
-
22 · Depreciation, depletion and amortization
total $1,508,765 · program services $1,508,765
-
23 · Insurance
total $348,754 · program services $145,487 · management and general $203,267
-
24a · Other expenses: Equipment and Maintenance
total $1,012,689 · program services $177,116 · management and general $835,140 · fundraising $433
-
24b · Other expenses: Supplies and Materials
total $390,872 · program services $378,225 · management and general $5,799 · fundraising $6,848
-
24c · Other expenses: Commissions
total $266,653 · program services $266,653
-
24d · Other expenses: Class Materials
total $82,893 · program services $82,893
-
24e · All other expenses
total $71,455 · program services $51,346 · management and general $10,009 · fundraising $10,100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $651,366 · end of year $342,868
-
2 · Savings and temporary cash investments
beginning of year $6,349,560 · end of year $5,705,798
-
3 · Pledges and grants receivable
end of year $250,000
-
4 · Accounts receivable
beginning of year $177,794 · end of year $248,053
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $334,698 · end of year $332,091
-
9 · Prepaid expenses and deferred charges
beginning of year $110,674 · end of year $80,343
-
10a · Land, buildings and equipment: cost or other basis
$40,002,209
-
10b · Land, buildings and equipment: accumulated depreciation
$18,438,125
-
10c · Land, buildings and equipment, net
beginning of year $22,434,414 · end of year $21,564,084
-
11 · Investments: publicly traded securities
beginning of year $46,689,465 · end of year $50,013,803
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $2,974,802 · end of year $3,022,439
-
15 · Other assets
beginning of year $10,211 · end of year $7,915
-
17 · Accounts payable and accrued expenses
beginning of year $700,475 · end of year $513,154
-
19 · Deferred revenue
beginning of year $2,036,084 · end of year $1,445,185
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,628,139 · end of year $1,586,995
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $25,474,644 · end of year $26,490,870
-
28 · Net assets with donor restrictions
beginning of year $49,893,642 · end of year $51,531,190
Mission and programs · 2024
Mission
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY, PRINTMAKING, TEXTILES, WOOD AND LETTERPRESS STUDIOS. THE SCHOOL ALSO SPONSORS ARTISTS' RESIDENCIES, EDUCATIONAL OUTREACH PROGRAMS, AND A CRAFT GALLERY. IN A TYPICAL YEAR, WE SERVE APPROXIMATELY 1,400 STUDENTS AND 16,000 VISITORS.
Activities or mission (Part I)
THE MISSION OF PENLAND SCHOOL OF CRAFT IS TO MAKE LIVES MEANINGFUL THROUGH MAKING.
-
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY, PRINTMAKING, TEXTILES, WOOD AND LETTERPRESS STUDIOS. THE SCHOOL ALSO SPONSORS ARTISTS' RESIDENCIES, EDUCATIONAL OUTREACH PROGRAMS, AND A CRAFT GALLERY. IN A TYPICAL YEAR, WE SERVE APPROXIMATELY 1,400 STUDENTS AND 16,000 VISITORS. STUDIO CLASSES: PENLAND'S ADULT CRAFT EDUCATION PROGRAM OFFERS PROFESSIONAL TRAINING IN BOOKS, PAPER, CLAY, DRAWING, PAINTING, GLASS, IRON, LETTERPRESS, PRINT, METALS, PHOTOGRAPHY, TEXTILES, AND WOOD IN 16 STUDIOS. IN FY25, PENLAND SERVED 1,500 STUDENTS IN ADULT CRAFT WORKSHOPS.
Expenses $7,619,822 · Revenue $3,186,325
As filed on the 2024 return.
Listed in Part VII
-
Fred SandersFRED SANDERS
PAST-CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Lillian GiornelliLILLIAN GIORNELLI
CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Merrily OrsiniMERRILY ORSINI
TREASURER
- Total calculated
- $0
- Hours/week
- 15
-
Vince WatchornVINCE WATCHORN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Virginia KrausVIRGINIA KRAUS
SECRETARY
- Total calculated
- $0
- Hours/week
- 15
-
Abraham ThomasABRAHAM THOMAS
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Althea Murphy-PriceALTHEA MURPHY-PRICE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Brenda WheelerBRENDA WHEELER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cathy AbbottCATHY ABBOTT
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cathy AdelmanCATHY ADELMAN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Che RhodesCHE RHODES
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Corey PembertonCOREY PEMBERTON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dail DixonDAIL DIXON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Diane CharnovDIANE CHARNOV
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Doug QuackenbushDOUG QUACKENBUSH
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
E Vincent MartinezE VINCENT MARTINEZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Edward BreslerEDWARD BRESLER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ilasahai ProutyILASAHAI PROUTY
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jackie JonesJACKIE JONES
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
James HackneyJAMES HACKNEY
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Julia WilsonJULIA WILSON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Katharine DeshawKATHARINE DESHAW
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Lois RussellLOIS RUSSELL
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Matthew PriceMATTHEW PRICE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Mercedes JelinekMERCEDES JELINEK
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Nancy BurlesonNANCY BURLESON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Onay Cruz GutierrezONAY CRUZ GUTIERREZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Philip PaynePHILIP PAYNE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Russell SizemoreRUSSELL SIZEMORE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sara McDonnellSARA MCDONNELL
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Wei SunWEI SUN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Wendy MaruyamaWENDY MARUYAMA
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Beth ShupeBETH SHUPE
Director of Finance
- Total calculated
- $123,507
- From this org
- $123,507
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Maria Hall
Executive Director
- Total calculated
- $222,658
- From this org
- $200,158
- From related orgs
- $0
- Other
- $22,500
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $200,158
- Bonus
- $0
- Other
- $0
- Deferred
- $22,500
- Nontaxable benefits
- $0
- Filer's total
- $222,658
-
Leslie NoellLESLIE NOELL
Creative Director
- Total calculated
- $121,262
- From this org
- $121,262
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Matthew MooreMATTHEW MOORE
Director of Facilities and Grounds
- Total calculated
- $102,361
- From this org
- $102,361
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- THE ORGANIZATION REQUIRES THE EXECUTIVE DIRECTOR TO RESIDE ON CAMPUS AND THEREFORE HOUSING IS PROVIDED. DUE TO THIS BEING A REQUIREMENT OF THE ORGANIZATION AND FOR THE EMPLOYERS CONVENIENCE IT IS EXCLUDED FROM TAXABLE INCOME. THE ESTIMATED VALUE OF THE HOUSING PROVIDED IS $12,000 ANNUALLY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 March 2026
- IRS schema version
- 2024v5.1
- Source object
- 202610699349300806
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