Overview
What is American Craft Council?
The American Craft Council is a prominent national nonprofit organization, situated in Minneapolis, Minnesota. Their mission is to foster and promote contemporary craft art, supporting its artists and preserving various craft traditions. They achieve this by producing a series of marketplace events, such as the one held in Baltimore in 2022, which attracted over 12,000 attendees and showcased 315 artists. The American Craft Council extends its opportunities to artists across the country by hosting online marketplaces as well, which eliminated travel expenses and booth fees, thereby broadening the reach of artists. Their activities align with their mission, which is to connect and inspire diverse craft communities, keeping both artists and the community thriving in contemporary American life. The American Craft Council, with a workforce of 24 individuals, is dedicated to advancing and celebrating the impact of craft in modern-day America.
Official website here: www.craftcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The American Craft Council has achieved a high rating of 95%, reflecting strong accountability and financial performance. This rating is entirely based on their accountability and finance score, indicating a robust governance structure and financial practices. Notably, the organization has a fully independent board and has effectively implemented policies for conflict of interest and whistleblower protections.
Strengths include excellent financial ratios, such as a low liabilities-to-assets ratio of 19.20% and a program expense ratio of 74.48%, demonstrating a commitment to using funds effectively for their mission. Their fundraising efficiency is fairly strong, although it could be improved, as indicated by a fundraising efficiency ratio of $0.262.
Despite the impressive overall score, there is a minor limitation in fundraising efficiency. This suggests that while they are managing their finances well, there may be room for enhancement in their fundraising strategies to maximize income for their programs. Overall, the American Craft Council is well-regarded for its transparency and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is American Craft Council legitimate?
American Craft Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Craft Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $199,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,294,494
For more financial information, click here
Official website here: www.craftcouncil.org
What is the mission statement of American Craft Council?
The American Craft Council, as a national nonprofit organization, aims to bring together and energize various craft communities and traditions. Their mission is to amplify the role of craft in contemporary American life and ensure the continued success and inspiration of craft artists. Through their activities, they strive to connect craft artists and the community, fostering a sense of unity and thriving within the craft sector.
The American Craft Council organizes marketplace events, such as American Craft Made Marketplaces, which offer a platform for artists nationwide to showcase and sell their diverse craft work. In 2022, they returned to in-person events with their inaugural show in Baltimore, attracting over 12,000 visitors and featuring 315 artists. Additionally, they introduced an online marketplace to accommodate a wider range of artists, removing travel expenses and other barriers associated with in-person shows. This digital platform was well-received, allowing people to appreciate and support craft art during the pandemic without risking their health.
Official website here: www.craftcouncil.org
Who is the CEO of American Craft Council?
Andrea Specht is the Executive Director of American Craft Council.
Official website here: www.craftcouncil.org
What is the revenue of American Craft Council?
American Craft Council's revenue in 2022 was $3,810,082.
Official website here: www.craftcouncil.org
Who are the executives of American Craft Council and what are their salaries?
The average compensation at American Craft Council during 2022 was $62,237. There are 24 employees and 14 volunteers at American Craft Council.
Here are 27 key members and their salaries:
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Official website here: www.craftcouncil.org
Where can I find the form 990 for American Craft Council?
American Craft Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.craftcouncil.org
Learn more at the official website: www.craftcouncil.org
Mission Statement of American Craft Council
The American Craft Council is a national nonprofit organization that plays a significant role in connecting and energizing various craft communities and traditions. Its mission is to amplify the impact of craft in contemporary American life and to ensure that craft artists and the community remain connected, inspired, and prosperous. The American Craft Council achieves this by fostering connections and mobilizing diverse craft communities and traditions, ultimately promoting the growth and success of craft artists and the broader craft community. By doing so, the organization aims to preserve and celebrate the rich heritage of craft, while also promoting its relevance and importance in modern society.
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Impact
July, 2024
The American Craft Council's impact lies in its ability to connect and galvanize diverse craft communities and traditions to advance craft's influence in contemporary American life. Through initiatives like American Craft Made marketplaces, the organization supports craft artists by providing opportunities for them to showcase and sell their work. By hosting events both in-person and online, the American Craft Council expands the reach and diversity of artists, enabling them to share their creations with a wider audience. This not only benefits the artists themselves but also enriches the craft community and inspires individuals to engage with and appreciate craft art.
This information is meant to be a general summary of American Craft Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $384,704
- Program Service Revenue: $1,546,313
- Gross Receipts: $4,099,899
Assets and Liabilities:
- Total Assets: $5,725,506
- Total Liabilities: $1,099,695
- Net Assets: $4,625,811
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHOW REVENUE
Revenue
$848,721
MEMBERSHIP REVENUE
Revenue
$423,900
ADVERTISING
Revenue
$265,980
PUBLICATION SALES
Revenue
$7,712
Organization Details
Founding Year
1943
Phone
(612) 206-3100Principal Officer
Andrea Specht
Main Address
1224 MARSHALL STREET NE 200, MINNEAPOLIS, MN, 55413
Website
www.craftcouncil.orgNTEE Category
Code: A400 - Arts
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