Overview
What is The Embroiderers' Guild Of America Inc?
The Embroiderers' Guild of America Inc, located in Louisville, Kentucky, is a distinguished nonprofit organization with a focus on nurturing and promoting the art of embroidery and related crafts. They achieve this through various educational and promotional activities such as seminars, exhibits, publications, and other events. The guild's mission is to cultivate appreciation and celebrate the rich heritage of embroidery by upholding the highest standards of excellence in its practice. This is achieved through education, exhibition, preservation, collection, and research. The organization operates with a modest workforce of three dedicated individuals.
Official website here: www.egausa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Embroiderers' Guild Of America Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 100% in the Accountability & Finance beacon, demonstrating a strong commitment to transparency and responsible management of resources.
Strengths highlighted in the assessment include a fully independent board of directors, robust financial oversight, and effective policies in place such as a conflict of interest policy and a whistleblower policy. Additionally, the organization maintains a low liabilities to assets ratio of 8.77% and allocates a significant portion of its expenses—80.55%—towards its programs, which reflects its dedication to fulfilling its mission.
While the positive rating speaks volumes about the financial practices and governance of The Embroiderers' Guild Of America Inc, it is essential for potential donors and stakeholders to continue monitoring the organization’s performance and impact in the community to ensure ongoing effectiveness and alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is The Embroiderers' Guild Of America Inc legitimate?
The Embroiderers' Guild Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Embroiderers' Guild Of America Inc 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: $63,359
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,815
For more financial information, click here
Official website here: www.egausa.org
What is the mission statement of The Embroiderers' Guild Of America Inc?
The Embroiderers' Guild of America Inc's mission is centered around fostering appreciation and celebrating the rich heritage of embroidery. They achieve this by upholding the highest standards of excellence in embroidery through various educational, exhibitional, preservation, collection, and research initiatives. The organization actively cultivates, promotes, and disseminates knowledge and information about embroidery and related arts through seminars, exhibits, publications, and other educational and promotional activities.
Official website here: www.egausa.org
What is the revenue of The Embroiderers' Guild Of America Inc?
The Embroiderers' Guild Of America Inc's revenue in 2023 was $850,718.
Official website here: www.egausa.org
Who are the executives of The Embroiderers' Guild Of America Inc and what are their salaries?
The average compensation at The Embroiderers' Guild Of America Inc during 2023 was $43,044. There are 4 employees and 1920 volunteers at The Embroiderers' Guild Of America Inc.
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- Compensation: $63,359
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Official website here: www.egausa.org
Where can I find the form 990 for The Embroiderers' Guild Of America Inc?
The Embroiderers' Guild Of America Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.egausa.org
Learn more at the official website: www.egausa.org
Mission Statement of The Embroiderers' Guild Of America Inc
The Embroiderers' Guild of America Inc is committed to fostering an appreciation and celebration of the rich heritage of embroidery. Their mission, in essence, is to uphold the highest standards of excellence in the practice of embroidery. They achieve this goal through various means, including education, exhibition, preservation, collection, and research. This organization actively cultivates, promotes, and disseminates knowledge and information about embroidery and related arts. They accomplish this by organizing seminars, hosting exhibitions, publishing materials, and engaging in other educational and promotional activities. In essence, The Embroiderers' Guild of America Inc is dedicated to advancing the appreciation and celebration of embroidery, ensuring its continued relevance and importance in contemporary culture.
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Impact
July, 2024
The Embroiderers' Guild of America Inc has a significant impact on the art of embroidery by stimulating appreciation for and celebrating its heritage. Through its cultivation, promotion, and dissemination of knowledge and information concerning embroidery and associated arts, the Guild advances the highest standards of excellence in the practice of embroidery. By organizing seminars, exhibits, publications, and other educational and promotional activities, the Guild plays a crucial role in preserving, collecting, and researching embroidery techniques and designs. This impact contributes to the enrichment and promotion of the arts, specifically within the realm of embroidery.
This information is meant to be a general summary of The Embroiderers' Guild Of America Inc. 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 2023.
- Investment Income: $94,352
- Program Service Revenue: $297,772
- Gross Receipts: $866,678
Assets and Liabilities:
- Total Assets: $3,152,012
- Total Liabilities: $340,958
- Net Assets: $2,811,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL ACTIVITIES
Revenue
$242,054
ANNUAL SEMINAR
Revenue
$36,581
MAGAZINE INCOME
Revenue
$19,137
Organization Details
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