Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
EIN 56-1303596 • 501(c)6 • Carrollton, TX
Profile
The Craft Yarn Council was formed in 1981 to raise awareness of yarns. Council members that represent leading yarn, tools, books, magazines, and accessories companies sponsor a wide range of educational and promotional programs, including its highly acclaimed Certified Instructors Program, teacher training programs, Discover Knit and Crochet classes, and its popular I Love YARN Day event, which offers a virtual meeting place for the nation's knitters and crocheters.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Assets
Up$226,187
Up $32,862 (+17%) from 2024
Liabilities
Down$2,522
Down $7,553 (-75%) from 2024
Net Assets
Up$223,665
Up $40,415 (+22%) from 2024
Revenue
Down$256,851
Down $18,100 (-6.6%) from 2024
Expenses
Down$216,436
Down $6,454 (-2.9%) from 2024
Net Income
Down$40,415
Down $11,646 (-22%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The Craft Yarn Council was formed in 1981 to raise awareness of yarns. Council members that represent leading yarn, tools, books, magazines, and accessories companies sponsor a wide range of educational and promotional programs, including its highly acclaimed Certified Instructors Program, teacher training programs, Discover Knit and Crochet classes, and its popular I Love YARN Day event, which offers a virtual meeting place for the nation's knitters and crocheters.
See Sch O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $132,331 | $162,491 | ▲ $30,160 |
| Accounts Receivable | $35,655 | $38,354 | ▲ $2,699 |
| Savings and Temporary Cash Investments | $23,359 | $23,362 | ▲ $3 |
| Total Assets | $193,325 | $226,187 | ▲ $32,862 |
| Other Assets Total | $1,980 | $1,980 | → $0 |
| Liabilities | |||
| Other Liabilities | $8,967 | $1,747 | ▼ $7,220 |
| Accounts Payable and Accrued Expenses | $1,108 | $775 | ▼ $333 |
| Total Liabilities | $10,075 | $2,522 | ▼ $7,553 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $183,250 | $223,665 | ▲ $40,415 |
| Total Net Assets Fund Balance | $183,250 | $223,665 | ▲ $40,415 |
| Total Liabilities and Net Assets / Fund Balance | $193,325 | $226,187 | ▲ $32,862 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | - | $13,351 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jenny A Bessonette | Executive Director | FT | $92,377 | $92,377 |
| Name | Title |
|---|---|
| Richard Ezra | Chairman |
| Adam Blumenthal | Director |
| Chris Mills | Director |
| David Blumenthal | Director |
| Jan Kahn | Director |
| Kylee Peters | Director |
| Laura Zander | Director |
| Paulo Santos | Director |
| Tyra Derr | Director |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $157,422 |
| Other Expenses | $59,014 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $46,189 | $46,189 | - | $92,378 |
| Other Salaries and Wages | $26,367 | $26,367 | - | $52,734 |
| Occupancy | - | $14,454 | - | $14,454 |
| Conferences and Meetings | - | $14,167 | - | $14,167 |
| Payroll Taxes | $6,155 | $6,155 | - | $12,310 |
| Advertising | $8,436 | $945 | - | $9,381 |
| Information Technology | $2,730 | $1,731 | - | $4,461 |
| Insurance | - | $4,026 | - | $4,026 |
| Fees for Services Management | $3,448 | - | - | $3,448 |
| All Other Expenses | - | $2,267 | - | $2,267 |
| Other Expenses | $886 | $11,206 | - | $886 |
| Office Expenses | - | $458 | - | $458 |
| Fees for Services Other | $1,296 | $-7,036 | - | $-5,740 |
| Total Functional Expenses | $95,507 | $120,929 | $0 | $216,436 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Payroll Liabilities | $1,747 |
“FORM 990, PART VI, LINE 11B FORM 990 REVIEW PROCESS Secretary/Treasurer or designated board member(s) will review and sign the Form 990 and it will be made available to members of the CYC Executive committee, which is the body of members who reviews finances and financial reports.”
“FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE No other documents available to the public.”
“FORM 990, PART I, LINE 1 ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES The Craft Yarn Council was formed in 1981 to raise awareness of yarns. Council members, representing leading yarn, tools, books, magazines, and accessories companies, sponsor a wide range of education and promotional programs, including its highly acclaimed certified instructors program, teacher training programs, Discover kit and crochet classes, and its popular I Love Yarn Day Event, which offers a virtual meeting place for the nations knitters and crocheters.”
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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| IRS990/Desc | 0 | The council also maintains a database of CIP graduates and alerts them to job opportunities in the communities. In addition, many graduates go on to find jobs teaching in retail stores or volunteering in schools and other venues on their own. By training teachers, the council is fulfilling the mandate of its members to raise awareness of yarn related skills such as knitting and crocheting while reaching and teaching new generations these worthwhile skills. |
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| IRS990/FormationYr | 0 | 1981 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Class Registration |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Services (WUA) |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Industry Promotion Overview We actively promote and raise awareness for the yarn industry through educational workshops and participation in craft shows. Our current awareness campaigns include: Yarnsgiving A seasonal initiative that showcases a variety of yarn-based crafts to inspire creativity and encourage giving during the Thanksgiving holiday. I Love Yarn Day This campaign celebrates the joy and satisfaction that yarn and yarn-related crafts bring. Consumers are invited to express their Love for Yarn by creating a yarn project or craft. Stitch Away Stress Focused on mental wellness, this campaign highlights the therapeutic benefits of knitting and crochet, helping raise awareness about how these crafts can support mental health. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 11167 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 148728 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Classes are offered on-site or via correspondence and cover technical skills as well as the specifics of how to teach these skills to others. An on-site class includes between 15-17 hours of intensive hands-on instruction with a master teacher. The correspondence program covers the same information. Participants work is review personally by one of the programs master teachers through a combination of written work and telephone interviews. The program is also offered as part of the Fashion Institute of Technologys (FIT) continuing education program. FIT, which is based in New York City, offers CIP participants who complete the program degree credit(s). |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 5629 |
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| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS Discover program this program, which launched in 2010, continues to be successful as an educational and promotional tool to increase knit and crochet projects. The craft yarn council has implemented a series of knit and crochet classes from beginner to advanced classes and from kids to senior adults available for all through the internet. Graduates of the councils certified Instructors program (CIP) teach classes and share a passion for knitting and crocheting and for teaching others to discover the fun and therapeutics of knitting and crocheting. The CYC staff works with the teachers, Crafts Associates in the U.S. and Canada, and the members of the council. Together they designed a series of knit and crochet classes. |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 1 | FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES DESCRIPTION Certified Instructors Program (CIP) initiated in 1982. The goal of the CIP is to train knitters and crocheters who have good basic skills in these craft to gain the knowledge and confidence to teach others. There are two separate programs: a) knitting and b) crocheting. There are three levels to each CIP Program: instructor, teacher, and professional. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990, PART VI, LINE 11B FORM 990 REVIEW PROCESS Secretary/Treasurer or designated board member(s) will review and sign the Form 990 and it will be made available to members of the CYC Executive committee, which is the body of members who reviews finances and financial reports. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE No other documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990, PART I, LINE 1 ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES The Craft Yarn Council was formed in 1981 to raise awareness of yarns. Council members, representing leading yarn, tools, books, magazines, and accessories companies, sponsor a wide range of education and promotional programs, including its highly acclaimed certified instructors program, teacher training programs, Discover kit and crochet classes, and its popular I Love Yarn Day Event, which offers a virtual meeting place for the nations knitters and crocheters. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | General explanation attachment |
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