Totals
- Total revenue
- $285,389
- Total expenses
- $284,278
- Contributions and grants received
- $19,821
- Grants paid
- $0
- Program service revenue
- $263,483
- Investment income
- $2,085
- Other revenue
- $0
- Total assets, end of year
- $81,026
- Total liabilities, end of year
- $817
- Net assets or fund balances, end of year
- $80,209
- Program services expenses (Part IX)
- $234,349
- Management and general expenses
- $49,867
- Fundraising expenses
- $62
- Program service expenses (Part III)
- $234,349
Program services were 82.4% 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.
-
1b · Membership dues
$13,581
-
1f · All other contributions, gifts and grants
$6,240
-
2a · Program service revenue: RETAIL SPACE
total $125,443 · related or exempt $125,443
-
2b · Program service revenue: WORKSHOPS
total $62,361 · related or exempt $62,361
-
2c · Program service revenue: BLANKET SALES
total $19,725 · related or exempt $19,725
-
2d · Program service revenue: RESIDENT ARTIST RENTALS
total $16,352 · related or exempt $16,352
-
2e · Program service revenue: RETAIL SALES - TAX COLLECTED
total $8,771 · related or exempt $8,771
-
2f · All other program service revenue
total $30,831 · related or exempt $30,831
-
3 · Investment income
total $2,085 · related or exempt $2,085
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $29,216 · management and general $29,216
-
11c · Fees: accounting
total $4,510 · program services $1,800 · management and general $2,710
-
11e · Fees: professional fundraising services
total $62 · fundraising $62
-
11g · Fees: other
total $29,577 · program services $29,577
-
13 · Office expenses
total $347 · program services $347
-
14 · Information technology
total $247 · management and general $247
-
16 · Occupancy
total $47,520 · program services $47,520
-
19 · Conferences, conventions and meetings
total $525 · program services $525
-
23 · Insurance
total $1,279 · program services $1,279
-
24a · Other expenses: STUDIO
total $123,232 · program services $123,232
-
24b · Other expenses: BLUE RIDGE BLANKETS
total $36,763 · program services $19,069 · management and general $17,694
-
24c · Other expenses: SPECIAL EVENTS
total $11,000 · program services $11,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $79,590 · end of year $81,026
-
17 · Accounts payable and accrued expenses
beginning of year $492 · end of year $817
-
27 · Net assets without donor restrictions
beginning of year $59,434 · end of year $60,545
-
28 · Net assets with donor restrictions
beginning of year $19,664 · end of year $19,664
Mission and programs · 2023
Mission
LOCAL CLOTH IS DEDICATED TO GROWING AND SUPPORTING THE FIBER ECONOMY IN WESTERN NORTH CAROLINA THROUGH EDUCATION, INCLUSIVE PROGRAMMING, AND SERVICES WHICH ADD VALUE TO LOCAL PRODUCTS. WE ADVOCATE FOR OUR REGIONAL COMMUNITY OF FARMERS, ARTISTS, MAKERS AND DESIGNERS.
-
SEE OTHER PROGRAM ACCOMPLISHMENTS
-
TO RAISE AWARENESS AND APPRECIATION FOR LOCAL PLANT AND ANIMAL FIBER AND FIBER ART PRODUCTS, TO INCREASE ACCESS TO, AND AVAILABILITY OF, LOCAL TEXTILES AND FIBER, TO STRENGTHEN THE ECONOMIC VIABILITY OF OUR LOCAL CREATIVE COMMUNITY AND HELP REINVEST IN THE TEXTILE INDUSTRY, TO ADVOCATE FOR NEW MARKETS, PROGRAMS AND SERVICES TO ADD VALUE TO LOCAL PRODUCTS AND CREATE JOBS.
Expenses $234,349 · Revenue $269,723
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Denise ArcuriDENISE ARCURI
OFFICER
- Total calculated
- $0
-
Judi JetsonJUDI JETSON
CHAIRMAN
- Total calculated
- $0
-
Joann StanleyJOANN STANLEY
OFFICER
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423199349315922
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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