Craft Yarn Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561303596 ✦ Carrollton, TX ✦ Designated as a 501(c)(6)

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Overview

What is Craft Yarn Council Inc?

Craft Yarn Council Inc is a nonprofit organization that has made significant strides in promoting knitting and crochet activities. Established in 2010, they launched the Discover program, which has since been successful in educating and showcasing various knit and crochet projects. This initiative involves collaborative efforts with Mic, fostering a broader appreciation for these crafts. Yearly, the council celebrates I Love Yarn Day, an event aimed at raising awareness about the joy and positive experiences derived from engaging in yarn-related crafts. By doing so, Craft Yarn Council Inc plays a vital role in encouraging creativity and fostering a community around these traditional arts.


Official website here: www.craftyarncouncil.com

Is Craft Yarn Council Inc legitimate?

Craft Yarn Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Craft Yarn Council 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: $86,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,865

For more financial information, click here


Official website here: www.craftyarncouncil.com

What is the mission statement of Craft Yarn Council Inc?

The Craft Yarn Council Inc, through its initiatives, aims to educate and promote knit and crochet projects. This mission was initiated with the launch of the Discover program in 2010, which has continued to be successful due to collaborations with Mic. Additionally, the council annually hosts an event known as I Love Yarn Day to spread awareness about the positive experiences derived from engaging in yarn-related crafts. The council's activities are centered around promoting the benefits of yarn crafts.


Official website here: www.craftyarncouncil.com

Who is the CEO of Craft Yarn Council Inc?

Jenny A Bessonette is the Director of Craft Yarn Council Inc.


Official website here: www.craftyarncouncil.com

What is the revenue of Craft Yarn Council Inc?

Craft Yarn Council Inc's revenue in 2023 was $176,554.


Official website here: www.craftyarncouncil.com

Who are the executives of Craft Yarn Council Inc and what are their salaries?

The average compensation at Craft Yarn Council Inc during 2023 was $41,038. There are 4 employees and 5000 volunteers at Craft Yarn Council Inc.


Here are 9 key members and their salaries:


Chris Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ezra (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sajive Jain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Salazar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Newell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Blumenthal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Kahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paulo Santos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny A Bessonette (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.craftyarncouncil.com

Where can I find the form 990 for Craft Yarn Council Inc?

Craft Yarn Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.craftyarncouncil.com

Learn more at the official website: www.craftyarncouncil.com

Mission Statement of Craft Yarn Council Inc

The Craft Yarn Council Inc, through its initiatives, aims to educate and promote knit and crochet projects. This mission was kickstarted with the launch of their Discover program in 2010, which has since proven successful in its objective. The council collaborates with various entities, such as Mic, to achieve this goal. Furthermore, each year, the Craft Yarn Council Inc celebrates I Love Yarn Day, an event designed to raise awareness about the positive experiences that can stem from engaging in yarn-related crafts.

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Impact




October, 2024

Craft Yarn Council Inc has significantly impacted the knitting and crochet community by launching the Discover program in 2010, aimed at educating and promoting yarn-related projects. This initiative fosters collaboration with various stakeholders to enhance the visibility and appreciation of these crafts. Additionally, the annual celebration of I Love Yarn Day serves to raise awareness about the positive experiences these crafts bring to individuals and communities, encouraging engagement and creativity. Through its efforts, the Craft Yarn Council contributes to community improvement and cultivates a vibrant culture around yarn crafts.




This information is meant to be a general summary of Craft Yarn Council 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.

Revenue
$176,554 (2023)
Expenses
$301,336 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $10
  • Program Service Revenue: $28,044
  • Gross Receipts: $176,554

Assets and Liabilities:

  • Total Assets: $136,361
  • Total Liabilities: $5,171
  • Net Assets: $131,190

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Class Registration

Revenue

$15,135

Services WUA

Revenue

$12,909

Organization Details

Founding Year

1981

Principal Officer

Jenny A Bessonette

Main Address

3740 N Josey LN STE 126, Carrollton, TX, 750072406

NTEE Category

Code: S40 - Community improvement

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