Civic Intelligence

Modern Quilt Guild Inc.

990 • Fiscal year 2018 • EIN 45-4151809

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 09, 2019

4470 W Sunset Blvd No 226Los Angeles, CA 90027

(503) 847-9418

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.06x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

64th percentile

9.0%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$59,896

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$385,501

Flat from 2018

Net Assets

Flat

$362,576

Flat from 2018

Liabilities

Flat

$22,925

Flat from 2018

Revenue

Flat

$1,158,256

Flat from 2018

Expenses

Flat

$1,054,041

Flat from 2018

Net Income

Flat

$104,215

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2011: $4,276Liabilities 2011: $02011Assets 2012: $217,778Liabilities 2012: -$1,588Net Assets 2012: $219,3662012Assets 2013: $54,380Liabilities 2013: $17,139Net Assets 2013: $37,2412013Assets 2014: $345,253Liabilities 2014: $47,414Net Assets 2014: $297,8392014Assets 2015: $393,617Liabilities 2015: $64,051Net Assets 2015: $329,5662015Assets 2016: $361,013Liabilities 2016: $29,402Net Assets 2016: $331,6112016Assets 2017: $284,186Liabilities 2017: $25,825Net Assets 2017: $258,3612017Assets 2018: $385,501Liabilities 2018: $22,925Net Assets 2018: $362,5762018Assets 2018: $385,501Liabilities 2018: $22,925Net Assets 2018: $362,5762018Assets 2019: $372,427Liabilities 2019: $0Net Assets 2019: $372,4272019Assets 2020: $865,750Liabilities 2020: $909,836Net Assets 2020: -$44,0862020Assets 2021: $757,477Liabilities 2021: $364,099Net Assets 2021: $393,3782021Assets 2022: $471,322Liabilities 2022: $403,791Net Assets 2022: $67,5312022Assets 2023: $491,664Liabilities 2023: $427,718Net Assets 2023: $63,9462023

Highlighted filing

2018

Assets$385,501
Liabilities$22,925
Net Assets$362,576

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $8,676Expenses 2011: $4,400Net Income 2011: $4,2762011Expenses 2012: $73,7162012Revenue 2013: $302,610Expenses 2013: $484,778Net Income 2013: -$182,1682013Revenue 2014: $777,978Expenses 2014: $516,979Net Income 2014: $260,9992014Revenue 2015: $874,309Expenses 2015: $826,247Net Income 2015: $48,0622015Revenue 2016: $929,195Expenses 2016: $927,150Net Income 2016: $2,0452016Revenue 2017: $940,461Expenses 2017: $1,013,711Net Income 2017: -$73,2502017Revenue 2018: $1,158,256Expenses 2018: $1,054,041Net Income 2018: $104,2152018Revenue 2018: $1,158,256Expenses 2018: $1,054,041Net Income 2018: $104,2152018Revenue 2019: $1,243,957Expenses 2019: $1,234,106Net Income 2019: $9,8512019Revenue 2020: $1,251,110Expenses 2020: $1,237,131Net Income 2020: $13,9792020Revenue 2021: $1,066,612Expenses 2021: $629,148Net Income 2021: $437,4642021Revenue 2022: $1,206,669Expenses 2022: $1,532,516Net Income 2022: -$325,8472022Revenue 2023: $1,616,556Expenses 2023: $1,620,141Net Income 2023: -$3,5852023

Highlighted filing

2018

Revenue$1,158,256
Expenses$1,054,041
Net Income$104,215
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$1,195,475
Mission and Program Overview

Mission

The modern quilt guild's mission is to support and encourage the growth and development of modern quilting through art, education and community.

To support and encourage the development of modern quilting through art,education and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$280,010$385,501▲ $105,491
Rtn Earn Endowment Incm Other Fnds$258,361$362,576▲ $104,215
Accounts Receivable$4,176--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$284,186$385,501▲ $101,315
Liabilities
Accounts Payable and Accrued Expenses$25,825$22,925▼ $2,900
Total Liabilities$25,825$22,925▼ $2,900
Net Assets / Fund Balance
Total Net Assets Fund Balance$258,361$362,576▲ $104,215
Total Liabilities and Net Assets / Fund Balance$284,186$385,501▲ $101,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alissa Haight CarltonExecutive DirectorFT$59,896$59,896

Board Members and Trustees

NameTitle
Andrew JoslynPresident
Cheryl BradyBoard Member
Greg StewartRegional Board Rep
Heather KinionRegional Board Rep
Mary Anne WilliamsRegional Board Rep
Michelle WilkieRegional Board Rep
Shruti DandekarRegional Board Rep
Susanne WoodsSecretary
Jillian Lombard Ended 12312018Treasurer
Vikki GrayTreasurer (started 1/1/2019)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,605
Program Service Revenue
$1,130,620
Investment Income
$62
Other Revenue
$25,969
All Other Contributions
$1,605
Change in Net Assets
$104,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$718,559
Salaries, Compensation, and Employee Benefits$335,482
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$552,296--$552,296
Other Salaries and Wages$138,991$51,012-$190,003
Payroll Taxes$51,584$21,453-$73,037
Current Officers, Directors, Trustees, and Key Employees$40,020$26,680-$66,700
Office Expenses$28,869$12,373-$41,242
Information Technology$28,797$12,341-$41,138
Travel$4,000$14,099-$18,099
Advertising$6,439--$6,439
Insurance$2,772$1,848-$4,620
Pension Plan Contributions$3,276$1,147-$4,423
Fees for Services Other$3,638--$3,638
Other Employee Benefits$966$353-$1,319
Other Expenses$6,189$628-$628
Total Functional Expenses$909,454$144,587$0$1,054,041
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The modern quilt guild has individual members and guild members who pay annual membership dues.

Form 990, Part VI, Section A, Line 7A

The membership of the modern quilt guild elects their regional representative who will sit on the board of directors.

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

A draft copy of the form 990 is furnished to each member of the executive committee for review and approval. A final copy is also provided to each member of the board of directors prior to filing

Form 990, Part VI, Section B, Line 12C

A conflict of interest policy is in place. All board members are required to sign and agree to it annually.

Form 990, Part VI, Section B, Line 15

The compensation of the executive director and top management is made by a review by the executive committee and review of comparability data and it is contemporaneously substantiated by the executive board.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Modern Quilt Guild Inc
EIN
45-4151809
Phone
5038479418
Address
4470 W SUNSET BLVD NO 226, LOS ANGELES, CA 90027

Signing Officer

Name
Vikki Gray
Title
Treasurer
Phone
5038479418
Signed
2019-10-09

Organization Details

Principal Officer
Vikki Gray
Formed
2011
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
500
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt0696517
IRS990/PYOtherRevenueAmt0658
IRS990/PYProgramServiceRevenueAmt0706079
IRS990/PYRevenuesLessExpensesAmt0-73250
IRS990/PYSalariesCompEmpBnftPaidAmt0317194
IRS990/PYTotalExpensesAmt01013711
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0940461
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0104215
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0935872
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0258361
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0362576
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0233692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0271917
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0239902
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0292355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01039471
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01130620
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0707198
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0656905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0633783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03128506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0108
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0-461
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0359
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0624
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0522
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt04167977
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01132225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0940890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0928822
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0873685
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0292355
IRS990ScheduleA/Total509Grp/TotalAmt04167977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01132287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0940461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0929195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0874309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0292355
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04168607
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MODERN QUILT GUILD HAS INDIVIDUAL MEMBERS AND GUILD MEMBERS WHO PAY ANNUAL MEMBERSHIP DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE MODERN QUILT GUILD ELECTS THEIR REGIONAL REPRESENTATIVE WHO WILL SIT ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE FORM 990 IS FURNISHED TO EACH MEMBER OF THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. A FINAL COPY IS ALSO PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A CONFLICT OF INTEREST POLICY IS IN PLACE. ALL BOARD MEMBERS ARE REQUIRED TO SIGN AND AGREE TO IT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT IS MADE BY A REVIEW BY THE EXECUTIVE COMMITTEE AND REVIEW OF COMPARABILITY DATA AND IT IS CONTEMPORANEOUSLY SUBSTANTIATED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0284186
IRS990/TotalAssetsEOYAmt0385501
IRS990/TotalAssetsGrp/BOYAmt0284186
IRS990/TotalAssetsGrp/EOYAmt0385501
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01605
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0144587
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0909454
IRS990/TotalFunctionalExpensesGrp/TotalAmt01054041
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025825
IRS990/TotalLiabilitiesEOYAmt022925
IRS990/TotalLiabilitiesGrp/BOYAmt025825
IRS990/TotalLiabilitiesGrp/EOYAmt022925
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0258361
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0362576
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt020000
IRS990/TotalOtherProgSrvcRevenueAmt021825
IRS990/TotalProgramServiceExpensesAmt0909454
IRS990/TotalProgramServiceRevenueAmt01130620
IRS990/TotalReportableCompFromOrgAmt059896
IRS990/TotalRevenueGrp/ExclusionAmt062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01156589
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01158256
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0284186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0385501
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt014099
IRS990/TravelGrp/ProgramServicesAmt04000
IRS990/TravelGrp/TotalAmt018099
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04470 W SUNSET BLVD226
IRS990/USAddress/CityNm0LOS ANGELES

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.49$0.43$0.06$1.62$1.62$0.00
2022Summary only. Only limited summary data is available for this year.$0.47$0.40$0.07$1.21$1.53$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.36$0.39$1.07$0.63$0.44
2020Summary only. Only limited summary data is available for this year.$0.87$0.91$0.04$1.25$1.24$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$1.24$1.23$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.36$1.16$1.05$0.10
2018Summary only. Only limited summary data is available for this year.$0.39$0.02$0.36$1.16$1.05$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.03$0.26$0.94$1.01$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.03$0.33$0.93$0.93$0.00
2015Summary only. Only limited summary data is available for this year.$0.39$0.06$0.33$0.87$0.83$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.78$0.52$0.26
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.04$0.30$0.48$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.07
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.00$0.00