Civic Intelligence

National Council of Textile Organizations

EIN 20-0767664 • 501(c)6 • Washington, DC

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Profile

The National Council of Textile Organizations is a unique association representing the entire spectrum of the textile sector. From fibers to finished products, from machinery manufacturers to power suppliers, NCTO is the voice of the U.S. textile industry.NCTO's mission is focused on creating powerful national and international alliances to advance the interests of the U.S. textile sector. As an organization, it is unrivaled in its composition which allows each segment of the industry to have a vote in determining NTCO policy. The centerpiece of NCTO is the four separate councils representing the fiber, yarn, fabric, and supplier industries, each with its own board representation. As a lobbying group, NCTO is harnessing the influence of an array of associations and business groups that have a stake in the survival and prosperity of the U.S. textile sector to leverage our impact in the halls of our nation's capital. NCTO is also mobilizing global resources in its efforts to preserve the

1701 K St NW Ste 625Washington, DC 20006

www.ncto.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.05x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.11x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Net Margin

36th percentile

0.7%

Higher net margin than 36% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

95th percentile

$734,750

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Asset Growth

41st percentile

2.7%

Faster asset growth than 41% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

0.2%

Faster revenue growth than 30% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$6,078,447

Up $160,906 (+2.7%) from 2024

Liabilities

Up

$311,655

Up $78,383 (+34%) from 2024

Net Assets

Up

$5,766,792

Up $82,523 (+1.5%) from 2024

Operations
Liabilities / Revenue26th percentileNet Margin36th percentile

Revenue

Up

$2,866,477

Up $4,546 (+0.2%) from 2024

Expenses

Up

$2,845,449

Up $569,026 (+25%) from 2024

Net Income

Down

$21,028

Down $564,480 (-96%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $398,464Liabilities 2012: $121,530Net Assets 2012: $276,9342012Assets 2013: $1,030,792Liabilities 2013: $236,596Net Assets 2013: $794,1962013Assets 2014: $1,027,394Liabilities 2014: $350,139Net Assets 2014: $677,2552014Assets 2015: $1,274,929Liabilities 2015: $158,053Net Assets 2015: $1,116,8762015Assets 2016: $1,881,174Liabilities 2016: $540,537Net Assets 2016: $1,340,6372016Assets 2017: $1,777,735Liabilities 2017: $77,309Net Assets 2017: $1,700,4262017Assets 2018: $2,290,705Liabilities 2018: $253,469Net Assets 2018: $2,037,2362018Assets 2019: $2,897,905Liabilities 2019: $121,866Net Assets 2019: $2,776,0392019Assets 2020: $3,044,560Liabilities 2020: $202,193Net Assets 2020: $2,842,3672020Assets 2021: $3,645,582Liabilities 2021: $192,219Net Assets 2021: $3,453,3632021Assets 2022: $4,364,519Liabilities 2022: $148,246Net Assets 2022: $4,216,2732022Assets 2023: $5,161,394Liabilities 2023: $352,283Net Assets 2023: $4,809,1112023Assets 2024: $5,917,541Liabilities 2024: $233,272Net Assets 2024: $5,684,2692024Assets 2025: $6,078,447Liabilities 2025: $311,655Net Assets 2025: $5,766,7922025

Highlighted filing

2025

Assets$6,078,447
Liabilities$311,655
Net Assets$5,766,792
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $925,663Expenses 2012: $1,015,301Net Income 2012: -$89,6382012Expenses 2013: $1,426,8752013Revenue 2014: $2,326,257Expenses 2014: $2,448,885Net Income 2014: -$122,6282014Revenue 2015: $2,024,406Expenses 2015: $1,584,614Net Income 2015: $439,7922015Revenue 2016: $1,956,860Expenses 2016: $1,719,718Net Income 2016: $237,1422016Revenue 2017: $2,147,183Expenses 2017: $1,804,970Net Income 2017: $342,2132017Revenue 2018: $1,938,500Expenses 2018: $1,614,564Net Income 2018: $323,9362018Revenue 2019: $2,445,410Expenses 2019: $1,704,901Net Income 2019: $740,5092019Revenue 2020: $2,182,226Expenses 2020: $2,085,961Net Income 2020: $96,2652020Revenue 2021: $2,150,578Expenses 2021: $1,603,332Net Income 2021: $547,2462021Revenue 2022: $2,890,648Expenses 2022: $1,992,430Net Income 2022: $898,2182022Revenue 2023: $3,059,941Expenses 2023: $2,341,613Net Income 2023: $718,3282023Revenue 2024: $2,861,931Expenses 2024: $2,276,423Net Income 2024: $585,5082024Revenue 2025: $2,866,477Expenses 2025: $2,845,449Net Income 2025: $21,0282025

Highlighted filing

2025

Revenue$2,866,477
Expenses$2,845,449
Net Income$21,028
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,078,447
Liabilities
$311,655
Net assets
$5,766,792
Revenue
$2,866,477
Expenses
$2,845,449
Net income
$21,028
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.08$0.31$5.77$2.87$2.85$0.02
2024Detailed filing. Detailed filing data is available for this year.$5.92$0.23$5.68$2.86$2.28$0.59
2023Detailed filing. Detailed filing data is available for this year.$5.16$0.35$4.81$3.06$2.34$0.72
2022Detailed filing. Detailed filing data is available for this year.$4.36$0.15$4.22$2.89$1.99$0.90
2021Detailed filing. Detailed filing data is available for this year.$3.65$0.19$3.45$2.15$1.60$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.04$0.20$2.84$2.18$2.09$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.90$0.12$2.78$2.45$1.70$0.74
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.25$2.04$1.94$1.61$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.78$0.08$1.70$2.15$1.80$0.34
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.54$1.34$1.96$1.72$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.27$0.16$1.12$2.02$1.58$0.44
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.35$0.68$2.33$2.45$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.24$0.79$1.43
2012Summary only. Only limited summary data is available for this year.$0.40$0.12$0.28$0.93$1.02$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 9, 2026
Return Version
2024v5.2
Gross Receipts
$4,674,670
Mission and Program Overview

Mission

The National Council of Textile Organizations is a unique association representing the entire spectrum of the textile sector. From fibers to finished products, from machinery manufacturers to power suppliers, NCTO is the voice of the U.S. textile industry.NCTO's mission is focused on creating powerful national and international alliances to advance the interests of the U.S. textile sector. As an organization, it is unrivaled in its composition which allows each segment of the industry to have a vote in determining NTCO policy. The centerpiece of NCTO is the four separate councils representing the fiber, yarn, fabric, and supplier industries, each with its own board representation. As a lobbying group, NCTO is harnessing the influence of an array of associations and business groups that have a stake in the survival and prosperity of the U.S. textile sector to leverage our impact in the halls of our nation's capital. NCTO is also mobilizing global resources in its efforts to preserve the

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,577,344$2,778,341▼ $799,003
Investments Other Securities$1,012,190$1,857,785▲ $845,595
Savings and Temporary Cash Investments$967,714$961,757▼ $5,957
Cash and Non-Interest-Bearing Accounts$31,696$145,442▲ $113,746
Accounts Receivable$75,322$72,176▼ $3,146
Prepaid Expenses and Deferred Charges$99,259$42,052▼ $57,207
Land, Buildings, and Equipment, Net$2,536$4,149▲ $1,613
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,917,541$6,078,447▲ $160,906
Other Assets Total$151,480$216,745▲ $65,265
Liabilities
Other Liabilities$144,772$222,901▲ $78,129
Accounts Payable and Accrued Expenses$44,600$82,254▲ $37,654
Deferred Revenue$43,900$6,500▼ $37,400
Total Liabilities$233,272$311,655▲ $78,383
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,585,544$5,678,067▲ $92,523
Net Assets With Donor Restrictions$98,725$88,725▼ $10,000
Total Net Assets Fund Balance$5,684,269$5,766,792▲ $82,523
Total Liabilities and Net Assets / Fund Balance$5,917,541$6,078,447▲ $160,906

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,149$29,816$33,965
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly GlasPresident & CEOFT$498,000$218,050$734,750
Merl T EthingtonPresident & CEOFT$200,000$37,300$237,300
Merl T Ethington--$190,000-$237,300
Augustine TantilloSecretaryFT$183,000-$183,000
Augustine TantilloPresident & CEO-$180,000$55,300$183,000
Kristi L EllisTreasurerFT$148,000$23,600$171,600
Kristi L Ellis--$140,000$45,300$171,600
Sara BeattyDirectorFT$140,000-$140,000
Robin HaynesChairmanFT$108,000$24,500$132,500
Rebecca TantilloDirectorFT$110,000$13,080$123,080

Board Members and Trustees

NameTitle
Geoffrey HietpasVice Chairman
Allen JacobyDirector
Blake MillinorDirector
Charles HeiligDirector
Chuck HallDirector
Dan RussianDirector
Eddie IngleDirector
Greg DuncanDirector
James MckinnonDirector
Jay ToddDirector
John FreemanDirector
Justin FerdinandDirector
Leib OehmigDirector
Mark DoyonDirector
Marvin SmithDirector
Todd BassettDirector
Walter SpiegelDirector
Eric Noe-
Jim Reed-
Marisa Fumei-south-
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,325,321
Investment Income
$238,190
Other Revenue
$302,966
Change in Net Assets
$21,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,664,503
Other Expenses$1,170,946
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$947,991
Fees for Services Other---$545,607
Other Salaries and Wages---$493,917
Conferences and Meetings---$320,242
Other Employee Benefits---$106,823
Occupancy---$92,666
Payroll Taxes---$76,032
Fees for Service Investment Mgmnt Fees---$42,856
Pension Plan Contributions---$39,740
Travel---$38,116
Other Expenses---$18,792
Office Expenses---$10,352
Grants to Domestic Orgs---$10,000
Fees for Services Accounting---$9,070
All Other Expenses---$8,682
Insurance---$5,478
Depreciation Depletion---$1,081
Total Functional Expenses$0$0$0$2,845,449
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aatcc FoundationR Triangle Park, NC501(c)(3)Education$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$107,313
Total Nondeductible Lobbying and Political Cost$107,313
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$222,901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Both the NCTO president and treasurer review the tax returns, and the president or treasurer signs the Form 990 which is kept on file and made available for review upon request for Executive Committee and Board members.”

Form 990, Part VI, Section B, Line 15A

“NCTOs Compensation Committee reviews management staff salaries and determines compensation changes.”

Form 990, Part VI, Section B, Line 15B

“NCTOs Compensation Committee reviews management staff salaries and determines compensation changes.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements are made available for review upon request.”

Filing and Contact Details

Filer

Filer Name
National Council of Textile
EIN
20-0767664
Phone
7048243522
Address
1701 K ST NW STE 625, WASHINGTON, DC 20006

Signing Officer

Name
Robin Haynes
Title
Treasurer
Signed
2026-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Glas
Formed
2004
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
19
Employees
5

Preparer

Firm
Arrowood & Associates PA
Address
1546A Union Road, Gastonia, NC 28054
Preparer
William W Arrowood
Phone
7048611420
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“NCTO is a tax-exempt organization under Internal Revenue Code Section 501(c)(6). As such, NCTO is not taxed on income derived from its exempt functions.NCTO has evaluated its tax positions for all open tax years. Currently, the tax years open and subject to examination by the Internal Revenue Service are the 2017, 2018 and 2019 tax years. However, NCTO is not currently under audit nor has NCTO been contacted by any jurisdiction. Based on the evaluation of NCTOs tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provisions for the effects of uncertain tax positions have been recorded for the years ended March 31, 2020 and 2021.Accrued taxes in the accompanying statements of financial position represent estimated federal taxes due on lobbying expenses.”

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IRS990/MissionDesc0The National Council of Textile Organizations is a unique association representing the entire spectrum of the textile sector. From fibers to finished products, from machinery manufacturers to power suppliers, NCTO is the voice of the U.S. textile industry.NCTO's mission is focused on creating powerful national and international alliances to advance the interests of the U.S. textile sector. As an organization, it is unrivaled in its composition which allows each segment of the industry to have a vote in determining NTCO policy. The centerpiece of NCTO is the four separate councils representing the fiber, yarn, fabric, and supplier industries, each with its own board representation. As a lobbying group, NCTO is harnessing the influence of an array of associations and business groups that have a stake in the survival and prosperity of the U.S. textile sector to leverage our impact in the halls of our nation's capital. NCTO is also mobilizing global resources in its efforts to preserve the
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