Civic Intelligence

Modern Quilt Guild Inc.

990 • Fiscal year 2019 • EIN 45-4151809

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$41,704

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

7.4%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$372,427

Down $13,074 (-3.4%) from 2018

Net Assets

Up

$372,427

Up $9,851 (+2.7%) from 2018

Liabilities

Down

$0

Down $22,925 (-100%) from 2018

Revenue

Up

$1,243,957

Up $85,701 (+7.4%) from 2018

Expenses

Up

$1,234,106

Up $180,065 (+17%) from 2018

Net Income

Down

$9,851

Down $94,364 (-91%) 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 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

2019

Assets$372,427
Liabilities$0
Net Assets$372,427

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 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

2019

Revenue$1,243,957
Expenses$1,234,106
Net Income$9,851
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.1
Gross Receipts
$1,295,086
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$385,501$372,427▼ $13,074
Rtn Earn Endowment Incm Other Fnds$362,576$372,427▲ $9,851
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$385,501$372,427▼ $13,074
Liabilities
Accounts Payable and Accrued Expenses$22,925$0▼ $22,925
Total Liabilities$22,925$0▼ $22,925
Net Assets / Fund Balance
Total Net Assets Fund Balance$362,576$372,427▲ $9,851
Total Liabilities and Net Assets / Fund Balance$385,501$372,427▼ $13,074
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alissa Haight CarltonExecutive Director-end9/3/19-then PtFT$35,604$6,100$41,704
Karen CooperExecutive Director-start 9/3/19FT$23,333-$23,333

Board Members and Trustees

NameTitle
Andrew JoslynPresident
Carol ChoBoard Member
Cheryl BradyBoard Member
Greg StewartRegional Board Rep
Heather KinionRegional Board Rep
Michelle WilkieRegional Board Rep
Shruti DandekarRegional Board Rep
Mary Anne WilliamsRegional Board Rep/secretary
Vikki GrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,145
Program Service Revenue
$1,219,310
Investment Income
$2,029
Other Revenue
$19,473
All Other Contributions
$3,145
Change in Net Assets
$9,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$853,586
Salaries, Compensation, and Employee Benefits$380,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$675,070--$675,070
Other Salaries and Wages$155,049$58,030-$213,079
Payroll Taxes$57,649$24,707-$82,356
Current Officers, Directors, Trustees, and Key Employees$39,023$26,015-$65,038
Office Expenses$30,344$13,005-$43,349
Fees for Services Other$27,669--$27,669
Information Technology$15,015$6,435-$21,450
Travel$4,000$14,782-$18,782
Other Employee Benefits$10,705$3,864-$14,569
Advertising$12,187--$12,187
Pension Plan Contributions$3,938$1,540-$5,478
Insurance$2,471$1,647-$4,118
Other Expenses$2,980$1,077-$1,077
Total Functional Expenses$1,081,727$152,379$0$1,234,106
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 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
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
2020-07-14

Organization Details

Principal Officer
Vikki Gray
Formed
2011
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
0
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IRS990/PYOtherRevenueAmt025969
IRS990/PYProgramServiceRevenueAmt01130620
IRS990/PYRevenuesLessExpensesAmt0104215
IRS990/PYSalariesCompEmpBnftPaidAmt0335482
IRS990/PYTotalExpensesAmt01054041
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01158256
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt09851
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0906948
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0362576
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0372427
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03145
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0233692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0271917
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0239902
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0750261
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02029
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01219310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01130620
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0707198
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0656905
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0633783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04347816
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02029
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02137
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0-461
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0359
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0624
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0522
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt05098077
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01222455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01132225
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0940890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0928822
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0873685
IRS990ScheduleA/Total509Grp/TotalAmt05098077
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01224484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01132287
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0940461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0929195
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0874309
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05100736
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/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0385501
IRS990/TotalAssetsEOYAmt0372427
IRS990/TotalAssetsGrp/BOYAmt0385501
IRS990/TotalAssetsGrp/EOYAmt0372427
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03145
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152379
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01081727
IRS990/TotalFunctionalExpensesGrp/TotalAmt01234106
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022925
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt022925
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0362576
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0372427
IRS990/TotalOtherCompensationAmt06100
IRS990/TotalOtherProgSrvcExpenseAmt019738
IRS990/TotalOtherProgSrvcRevenueAmt054575
IRS990/TotalProgramServiceExpensesAmt01081727
IRS990/TotalProgramServiceRevenueAmt01219310
IRS990/TotalReportableCompFromOrgAmt058937
IRS990/TotalRevenueGrp/ExclusionAmt02029
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01238783
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01243957
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0385501
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0372427
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt014782
IRS990/TravelGrp/ProgramServicesAmt04000
IRS990/TravelGrp/TotalAmt018782
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04470 W SUNSET BLVD226
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090027
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09

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
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$1.24$1.23$0.01
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