Civic Intelligence

Madison Knitters Guild Inc

EIN 41-2151727 • 501(c)7 • Madison, WI

Profile

The purpose of madison knitter's guild (mkg) is to promote interest, appreciation, and skill in knitting.

PO Box 14443Madison, WI 53708-0443

madisonknittersguild.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

35%

Higher net margin than 90% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

86th percentile

33%

Faster asset growth than 86% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-23%

Faster revenue growth than 18% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$56,320

Up $13,885 (+33%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Up

$56,320

Up $13,885 (+33%) from 2020

Revenue

Down

$39,633

Down $11,714 (-23%) from 2020

Expenses

Down

$25,748

Down $36,854 (-59%) from 2020

Net Income

Up

$13,885

Up $25,140 (+223%) from 2020

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2015: $43,154Liabilities 2015: $02015Assets 2016: $42,038Liabilities 2016: $0Net Assets 2016: $42,0382016Assets 2017: $48,092Liabilities 2017: $0Net Assets 2017: $48,0922017Assets 2018: $52,249Liabilities 2018: $0Net Assets 2018: $52,2492018Assets 2019: $53,690Liabilities 2019: $0Net Assets 2019: $53,6902019Assets 2020: $42,435Liabilities 2020: $0Net Assets 2020: $42,4352020Assets 2021: $56,320Liabilities 2021: $0Net Assets 2021: $56,3202021

Highlighted filing

2021

Assets$56,320
Liabilities$0
Net Assets$56,320

Operations Trend

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

$100K$50K$0-$50KRevenue 2015: $79,440Expenses 2015: $66,149Net Income 2015: $13,2912015Revenue 2016: $75,294Expenses 2016: $77,467Net Income 2016: -$2,1732016Revenue 2017: $88,378Expenses 2017: $82,324Net Income 2017: $6,0542017Revenue 2018: $82,321Expenses 2018: $78,164Net Income 2018: $4,1572018Revenue 2019: $88,935Expenses 2019: $87,494Net Income 2019: $1,4412019Revenue 2020: $51,347Expenses 2020: $62,602Net Income 2020: -$11,2552020Revenue 2021: $39,633Expenses 2021: $25,748Net Income 2021: $13,8852021

Highlighted filing

2021

Revenue$39,633
Expenses$25,748
Net Income$13,885

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 21, 2021
Return Version
2020v4.1
Gross Receipts
$39,633
Mission and Program Overview

Mission

The purpose of madison knitter's guild is to promote interest, appreciation, and skill in knitting.

The purpose of madison knitter's guild (mkg) is to promote interest, appreciation, and skill in knitting.

Program Services

DescriptionGrantsExpenses
GUILD MEETINGS WERE HELD VIRTUALLY DURING 2020 AND FEATURED SPEAKERS KNOWLEDGEABLE ON A VARIETY OF TOPICS OF INTEREST TO THE MEMBERS. SPEAKERS ARE PREVIEWED AND SUMMARIZED IN A MONTHLY NEWSLETTER SENT TO ALL MEMBERS. MEMBER DIRECTORIES AND INFORMATION RELATED TO GUILD ACTIVITIES ARE AVAILABLE ON THE GUILD WEBSITE.$0$0
MKG'S MISSION IS TO CONNECT KNITTERS OF ALL LEVELS TO SHARE, EXPLORE AND CELEBRATE THE WORLD OF KNITTING THROUGH EDUCATION. MKG OFFERS SKILL-BASED INSTRUCTION FROM BEGINNER TO EXPERT LEVEL IN LOCAL CLASSES. EACH YEAR WE HOST A 3-DAY MINI CONFERENCE OFFERING CLASSES AND LECTURES TO ENHANCE SKILLS.$0$0
MKG SUPPORTS SEVERAL LOCAL AND NATIONAL ORGANIZATIONS WITH THE DONATION OF KNITTED ITEMS SUCH AS TOYS FOR A LOCAL LIBRARY, SCARVES FOR VICTIMS OF DOMESTIC VIOLENCE, AND CAPS, SOCKS AND MITTENS FOR LOCAL CHILDREN AND ADULTS. MKG ALSO SUPPORTS A LOCAL FOOD BANK.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AMANDA E M HAYNESPresidentPT$0--
POLLY SHOEMAKERVice PresidentPT$0--
COURTNEY GRADELSecretary-$0--
JULIE VINCENTTreasurer-$0--
KAY SIMMONSProgramming ChairPT$0--
DENISE SOBERINGKnit-In Committee Chair-$0--
AMY BLUMAWeb Communications-$0--
VICKI DELACOURTCommunity Projects ChairPT$0--
KIM LANGLEYEducation Chair-$0--
CAROLYN GREDENewsletter Chair-$0--
GINGER SWARTSpecial Events Chair-$0--
Filing and Contact Details

Filer

Filer Name
Madison Knitters Guild Inc
EIN
41-2151727
Phone
6088292595
Address
PO BOX 14443, MADISON, WI 53708-0443

Signing Officer

Name
Amanda E M Haynes
Title
President
Phone
6088292595
Signed
2021-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 95.

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 350. Returns and allowances: 0. Less cost of goods sold: 0. Gross profit: 350.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: advertising. Amount: 1,650. Description: miscellaneous. Amount: 81. Total to form 990-ez, line 8: 1,731.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 2,755. Description: conferences, conventions, and meetings. Amount: 8,092. Description: information technology. Amount: 4,910. Description: insurance. Amount: 1,348. Description: miscellaneous. Amount: 77. Total to form 990-ez, line 16: 17,182.

Raw XML Appendix174 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9NEWSLETTER CHAIR
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IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF MADISON KNITTER'S GUILD (MKG) IS TO PROMOTE INTEREST, APPRECIATION, AND SKILL IN KNITTING.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GUILD MEETINGS WERE HELD VIRTUALLY DURING 2020 AND FEATURED SPEAKERS KNOWLEDGEABLE ON A VARIETY OF TOPICS OF INTEREST TO THE MEMBERS. SPEAKERS ARE PREVIEWED AND SUMMARIZED IN A MONTHLY NEWSLETTER SENT TO ALL MEMBERS. MEMBER DIRECTORIES AND INFORMATION RELATED TO GUILD ACTIVITIES ARE AVAILABLE ON THE GUILD WEBSITE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MKG'S MISSION IS TO CONNECT KNITTERS OF ALL LEVELS TO SHARE, EXPLORE AND CELEBRATE THE WORLD OF KNITTING THROUGH EDUCATION. MKG OFFERS SKILL-BASED INSTRUCTION FROM BEGINNER TO EXPERT LEVEL IN LOCAL CLASSES. EACH YEAR WE HOST A 3-DAY MINI CONFERENCE OFFERING CLASSES AND LECTURES TO ENHANCE SKILLS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2MKG SUPPORTS SEVERAL LOCAL AND NATIONAL ORGANIZATIONS WITH THE DONATION OF KNITTED ITEMS SUCH AS TOYS FOR A LOCAL LIBRARY, SCARVES FOR VICTIMS OF DOMESTIC VIOLENCE, AND CAPS, SOCKS AND MITTENS FOR LOCAL CHILDREN AND ADULTS. MKG ALSO SUPPORTS A LOCAL FOOD BANK.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 95.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INCOME: GROSS RECEIPTS: 350. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 0. GROSS PROFIT: 350.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING. AMOUNT: 1,650. DESCRIPTION: MISCELLANEOUS. AMOUNT: 81. TOTAL TO FORM 990-EZ, LINE 8: 1,731.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,755. DESCRIPTION: CONFERENCES, CONVENTIONS, AND MEETINGS. AMOUNT: 8,092. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 4,910. DESCRIPTION: INSURANCE. AMOUNT: 1,348. DESCRIPTION: MISCELLANEOUS. AMOUNT: 77. TOTAL TO FORM 990-EZ, LINE 16: 17,182.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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