Capital Quilters Guild in Raleigh, North Carolina (NC)

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Capital Quilters Guild
Employer Identification Number (EIN)561229908
Name of OrganizationCapital Quilters Guild
AddressPO BOX 20331, Raleigh, NC 27619-0331
ActivitiesOther cultural or historical activities, Discussion groups, forums, panels lectures, etc., Other instruction and training
SubsectionEducational Organization
Ruling Date05/1984
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$65,286
Amount of Income$26,572
Form 990 Revenue Amount$26,550
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations

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Amount of income in 2014: $26,572 (it was $44,112 in 2013)
This organization: 

Other organizations performing similar types of work: 


Assets in 2014: $65,286 (it was $71,829 in 2013)
Capital Quilters Guild: 

Other organizations performing similar types of work: 


Expenses in 2014: $37,200
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2014: 0.7
Capital Quilters Guild: 

Other organizations performing similar types of work: 


Grants share in income in 2014: 0.2%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$31,966$190,066$29,159$44,112$26,550
Contributions, gifts, grants, and similar amounts received$0$0$0$0$50
Program service revenue including government fees and contracts$13,162$168,736$8,876$18,868$22,750
Membership dues and assessments$5,498$8,401$7,558$6,955$413
Investment income$710$389$123$134$26
Gain/Loss from sale of assets other than inventory$0$0$0$0$0
Net income/loss from gaming and fundraising events$12,596$12,540$12,603$18,155$3,311
Gross income from gaming$0$0$0$0$0
Gross income from fundraising events$13,606$15,676$13,366$20,618$3,333
Less: direct expenses from gaming and fundraising events$1,011$3,136$763$2,463$22
Gross profit/loss from sales of inventory$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$40,492$173,588$37,488$32,005$37,200
Total net assets$49,794$69,473$65,267$71,829$61,179
Excess/Deficit for the year$-8,526$16,478$-8,329$12,107$-10,650
Net assets or fund balances at beginning of year$58,320$52,995$73,596$59,722$71,829
Other changes in net assets or fund balances$0$0$0$0$0
Net assets or fund balances at end of year$49,148$66,272$61,144$71,829$61,179
Balance Sheets
Total assets$49,794$69,473$65,267$71,829$65,286
Total liabilities$0$0$0$0$4,107
Net assets or fund balances$49,794$69,473$65,267$71,829$61,179
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNoNoNo
Amount of political expenditures, direct or indirect$0$0$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNoNoNo
Total amount involved$0$0$0$0$0
Initiation fees and capital contributions$0$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNoNoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$523,234
Gifts, grants, contributions, and membership fees received$36,793
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$486,441
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$524,934
Public support$523,234
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,700
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Southern Highland Handicraft Guild IncPO BOX 9545, Asheville, NC 28815-0545NC1967-10$3,893,868
2Sculpture Center Inc4419 Purves St, Long Is City, NY 11101-2907NY1944-09$3,445,176
3The Bascom Corporation323 Franklin Rd, Highlands, NC 28741-8551NC2000-03$2,807,306
4Mccoll Center For Art & Innovation721 N Tryon St, Charlotte, NC 28202-2221NC1976-07$2,691,462
5Williamstown Art Conservation Center Inc227 South St, Williamstown, MA 01267-2878MA1978-04$2,190,396
6The Sawtooth School For Visual Art251 N Spruce St, Winston Salem, NC 27101-2735NC1970-10$1,158,237
7Green Hill Center For Nc Art200 N Davie St, Greensboro, NC 27401-2819NC1977-03$939,081
8Tryon Arts And Crafts Inc373 Harmon Field Rd, Tryon, NC 28782-9631NC1967-10$692,637
9Piedmont Craftsmen Inc601 North Trade Street, Winston Salem, NC 27101-2959NC1965-06$532,488
10Light Factory345 N College St, Charlotte, NC 28202-2113NC1977-11$499,743
11Dogwood Crafters Incorporated90 Webster St, Dillsboro, NC 28725NC1979-07$194,450
12Alliance For American Quilts Inc125 S Lexington Ave Ste 101 Suite 1, Asheville, NC 28801-3661NC1996-03$153,594
13Wilkes Art Gallery Inc913 C St, N Wilkesboro, NC 28659-4119NC1973-05$135,005
14Upstairs ArtspacePO BOX 553, Tryon, NC 28782-0553NC1980-02$98,506
15Charlotte Art League Inc1517 Camden Rd, Charlotte, NC 28203-4753NC1987-07$82,808
16North Carolina Basketmakers Association Inc1325 Oakview Dr, Williamston, NC 27892-8664NC1990-03$82,247
17Mineral And Lapidary Museum Of Henderson County Inc400 N Main St, Hendersonvlle, NC 28792-4901NC1998-01$73,138
18Embroiderers Guild Of America Inc, Charlotte Chapter2823 Providence Rd Unit 221, Charlotte, NC 28211-2276NC1976-03$0
19Western North Carolina Quilters GuildP O Box 2231, Hendersonville, NC 28722NC1984-05$0
20Advocates For The Arts Of Henderson County IncPo Box 2229, Hendersonville, NC 28793NC1997-12$-53,757
Number of organizations performing similar types of work
District of Columbia8
North Carolina19
New Hampshire2
New Jersey10
New Mexico6
New York54
Rhode Island4
South Carolina4
West Virginia2
Total484 is not associated with, endorsed by, or sponsored by Capital Quilters Guild and has no official or unofficial affiliation with Capital Quilters Guild