Civic Intelligence

Craft Yarn Council

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.

3740 N Josey LN STE 126Carrollton, TX 75007-2406

www.craftyarncouncil.com

Siviq Scores

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

Liabilities / Assets

58th percentile

0.01x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

-6.6%

Faster revenue growth than 36% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

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

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $55,198Liabilities 2012: $19,627Net Assets 2012: $35,5712012Assets 2013: $81,455Liabilities 2013: $7,273Net Assets 2013: $74,1822013Assets 2014: $122,216Liabilities 2014: $6,994Net Assets 2014: $115,2222014Assets 2015: $216,266Liabilities 2015: $110,005Net Assets 2015: $106,2612015Assets 2016: $189,692Liabilities 2016: $76,692Net Assets 2016: $113,0002016Assets 2017: $227,641Liabilities 2017: $93,944Net Assets 2017: $133,6972017Assets 2018: $247,396Liabilities 2018: $4,363Net Assets 2018: $243,0332018Assets 2019: $228,174Liabilities 2019: $22,133Net Assets 2019: $206,0412019Assets 2020: $269,584Liabilities 2020: $5,256Net Assets 2020: $264,3282020Assets 2021: $327,332Liabilities 2021: $8,127Net Assets 2021: $319,2052021Assets 2022: $263,531Liabilities 2022: $7,559Net Assets 2022: $255,9722022Assets 2023: $136,361Liabilities 2023: $5,171Net Assets 2023: $131,1902023Assets 2024: $193,325Liabilities 2024: $10,075Net Assets 2024: $183,2502024Assets 2025: $226,187Liabilities 2025: $2,522Net Assets 2025: $223,6652025

Highlighted filing

2025

Assets$226,187
Liabilities$2,522
Net Assets$223,665

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $503,649Expenses 2012: $466,341Net Income 2012: $37,3082012Expenses 2013: $511,4672013Revenue 2014: $546,117Expenses 2014: $505,077Net Income 2014: $41,0402014Revenue 2015: $520,778Expenses 2015: $529,739Net Income 2015: -$8,9612015Revenue 2016: $468,929Expenses 2016: $462,190Net Income 2016: $6,7392016Revenue 2017: $497,190Expenses 2017: $476,493Net Income 2017: $20,6972017Revenue 2018: $527,000Expenses 2018: $417,664Net Income 2018: $109,3362018Revenue 2019: $368,701Expenses 2019: $403,693Net Income 2019: -$34,9922019Revenue 2020: $413,021Expenses 2020: $354,734Net Income 2020: $58,2872020Revenue 2021: $373,896Expenses 2021: $318,077Net Income 2021: $55,8192021Revenue 2022: $267,798Expenses 2022: $331,031Net Income 2022: -$63,2332022Revenue 2023: $176,554Expenses 2023: $301,336Net Income 2023: -$124,7822023Revenue 2024: $274,951Expenses 2024: $222,890Net Income 2024: $52,0612024Revenue 2025: $256,851Expenses 2025: $216,436Net Income 2025: $40,4152025

Highlighted filing

2025

Revenue$256,851
Expenses$216,436
Net Income$40,415

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.03$2.24$2.57$2.16$0.40
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.93$0.10$1.83$2.75$2.23$0.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.05$1.31$1.77$3.01$1.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$0.08$2.56$2.68$3.31$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.08$3.19$3.74$3.18$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.05$2.64$4.13$3.55$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.22$2.06$3.69$4.04$0.35
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.04$2.43$5.27$4.18$1.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.94$1.34$4.97$4.76$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.77$1.13$4.69$4.62$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.16$1.10$1.06$5.21$5.30$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.07$1.15$5.46$5.05$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.07$0.74$5.11
2012Summary only. Only limited summary data is available for this year.$0.55$0.20$0.36$5.04$4.66$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Oct 25, 2025
Return Version
2024v5.2
Gross Receipts
$256,851
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Equipment-$13,351-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jenny A BessonetteExecutive DirectorFT$92,377$92,377

Board Members and Trustees

NameTitle
Richard EzraChairman
Adam BlumenthalDirector
Chris MillsDirector
David BlumenthalDirector
Jan KahnDirector
Kylee PetersDirector
Laura ZanderDirector
Paulo SantosDirector
Tyra DerrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$211,500
Program Service Revenue
$45,348
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$40,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,747
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

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.

Governing documents etc available to public Part VI line 19

FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Craft Yarn Council Inc
EIN
56-1303596
In Care Of
% Jenny A Bessonette
Phone
4699644525
Address
3740 N Josey LN STE 126, Carrollton, TX 75007-2406

Signing Officer

Name
Jenny a Bessonette
Title
Executive Director
Phone
9724926106
Signed
2025-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny A Bessonette
Formed
1981
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
2

Preparer

Firm
Stokes and Powell CPAs LLC
Address
3740 N Josey LN STE 118, Carrollton, TX 75007
Preparer
Wayne P Powell CPA
Phone
9724920744
Supplemental Narrative

Additional Explanations

General explanation attachment

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.

Raw XML Appendix378 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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IRS990/ProgSrvcAccomActy2Grp/Desc0Industry 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Classes 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).
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FORM 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/Desc1FORM 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/ExplanationTxt0FORM 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/ExplanationTxt1FORM 990, PART VI, LINE 19 OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 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.
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