Civic Intelligence

Handmade in America Foundation

990 • Fiscal year 2011 • EIN 56-1946403

Jan 01, 2011 to Dec 31, 2011 • Filed on Sep 07, 2012

125 South Lexington AvenueRoom/Suite 10128801
Siviq Scores

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

Liabilities / Assets

86th percentile

0.67x

Higher debt load relative to assets than 86% of similar nonprofits.

2011 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

69th percentile

8.9%

Faster asset growth than 69% of similar nonprofits.

2011 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$810,748

Up $66,299 (+8.9%) from 2010

Net Assets

Up

$265,727

Up $111,438 (+72%) from 2010

Liabilities

Down

$545,021

Down $45,139 (-7.6%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$174,991

Down $166,395 (-49%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $744,449Liabilities 2010: $590,160Net Assets 2010: $154,2892010Assets 2011: $810,748Liabilities 2011: $545,021Net Assets 2011: $265,7272011Assets 2012: $738,123Liabilities 2012: $482,151Net Assets 2012: $255,9722012Assets 2013: $689,722Liabilities 2013: $421,747Net Assets 2013: $267,9752013

Highlighted filing

2011

Assets$810,748
Liabilities$545,021
Net Assets$265,727

Operations Trend

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

$400K$300K$200K$100K$0Expenses 2010: $341,3862010Expenses 2011: $174,9912011Expenses 2012: $152,5822012Revenue 2013: $137,640Expenses 2013: $125,637Net Income 2013: $12,0032013

Highlighted filing

2011

Revenue-
Expenses$174,991
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Sep 7, 2012
Return Version
2011v1.2
Gross Receipts
$317,724
Mission and Program Overview

Major Activities

Activity 2
General entrepreneurs - this program provides professional and industry development classes to artists living in western north carolina.
Activity 3
Exhibitions - this program provides guidance and training on applying exhibition techniques and provides opportunities for craftspeople of western north carolina to showcase their cultural heritage through displaying their handiwork and crafts.
Filing and Contact Details

Filer

EIN
56-1946403
Raw XML AppendixShowing 400 of 536 raw XML fields

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IRS990/Description0CRAFTS ACROSS CURRICULUM: THIS PROGRAM IS A COLLABORATIVE EFFORT THAT BRINGS TEACHERS AND LOCAL CRAFT ARTISTS TOGETHER IN SCHOOLS AND COMMUNITIES. THROUGH HANDS-ON WORKSHOPS, RESIDENCIES, MENTORING, AND PERFORMANCES, THE PROGRAM TRANSFORMS THE REGION'S CRAFT HERITAGE INTO VALUABLE EDUCATIONAL TOOLS FOR K-12 STUDENTS. ARTISTS, TEACHERS, AND STUDENTS BENEFIT FROM THE PROGRAM'S ABILITY TO USE CRAFT AS A TOOL TO NOT ONLY EDUCATE, BUT BUILD CONFIDENCE, CREATIVE EXPRESSION, CULTURAL ENRICHMENT AND A GREATER SENSE OF COMMUNITY.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THE CODE, HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION BELIEVES THEY HAVE APPROPRIATE SUPPORT FOR ALL TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION'S FORMS 990 FOR 2009, 2010 AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER BEING FILED.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1-60,000 DEPRECIATION -147 60,000
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation5PART XII LINE 4B AND PART XIII LINE 4B SHOW AN ADJUSTMENT RELATED TO 60,000 ASSOCIATED WITH COSTS CHARGED TO HANDMADE IN AMERICA COMMUNITY DEVELOPMENT CORPORATION FOR ESTIMATED USE OF THE FOUNDATION'S BUILDING. THIS IS AN ALLOCATION AND IS ELIMINATED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE TWO ENTITIES. THE TAX RETURN SHOWS THIS DIFFERENTLY BY REPORTING THE 60,000 AS REVENUE VERSUS AS A REDUCTION IN EXPENDITURES (NETTING) AS SHOWN ON THE FINANCIAL STATEMENT.
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IRS990ScheduleD/OtherLiabilities/Description0CAPITAL LEASE OBLIGATION - LONG TERM
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IRS990ScheduleO/GeneralExplanation/Explanation0HANDMADE IN AMERICA FOUNDATION (HIA-FOUNDATION) PROMOTES THE CULTURAL HERITAGE AND CRAFTS PEOPLE OF WESTERN NORTH CAROLINA. IT WORKS TO CREATE COLLABORATIONS IN EDUCATION AND ENHANCED OPPORTUNITIES FOR MAKERS OF THE HANDMADE OBJECT AND HERITAGE TOURISM. THE ORGANIZATION DOES NOT MAKE OR SELL OBJECTS, BUT SERVES AS A SUPPORT SYSTEM FOR CRAFTS PEOPLE AND THE CRAFT INDUSTRY. HIA-FOUNDATION ALSO WORKS CLOSELY WITH HANDMADE IN AMERICA COMMUNITY DEVELOPMENT CORPORATION (EIN: 31-1604083) TO CREATE INITIATIVES IN ECONOMIC DEVELOPMENT AND SMALL TOWN REVITALIZATION AND TO INCORPORATE CRAFTS INTO BUILDING DESIGN AND FURNISHINGS.
IRS990ScheduleO/GeneralExplanation/Explanation1VARIOUS VOLUNTEERS PERFORMED SERVICES AT THE PROGRAM LEVEL.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CONFLICT OF INTEREST POLICY IS ENFORCED AS NECESSARY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST ON ANY SPECIFIC ISSUE INFORMS THE BOARD AND ABSTAINS FROM VOTING ON THE ISSUE.
IRS990ScheduleO/GeneralExplanation/Explanation4COMPENSATION WAS DETERMINED BY COMPARISON TO PEERS AND THE SURROUNDING MARKET CONDITIONS. IN THE ANNUAL BUDGETING PROCESS, THE BOARD APPROVES A BUDGET LINE FOR COMPENSATION. THEREAFTER, COMPENSATION AND INCREASES FOR EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. FORM 990, PART V, LINE 1B AND 2A - HIA-FOUNDATION USES AN OUTSIDE EMPLOYMENT SERVICE FIRM, INSPERITY, TO CARRY OUT ALL OF ITS EMPLOYMENT AND BENEFITS-RELATED FUNCTIONS. IN UTILIZING THIS SERVICE, ALL HIA-FOUNDATION PERSONNEL ARE EMPLOYEES OF INSPERITY. DURING 2011, GWYNNE RUKENBROD SERVED AS THE EXECUTIVE DIRECTOR FOR TWO HANDMADE IN AMERICA ORGANIZATIONS, THE COMMUNITY DEVELOPMENT CORPORATION (CDC) & THE FOUNDATION (FDN). RUKENBROD'S TOTAL COMPENSATION OF 62,580 WAS PAID BY BOTH THE CDC & FDN THROUGH INSPERITY. RUKENBROD'S COMPENSATION IS ALLOCATED BETWEEN THE CDC & FDN AS FOLLOWS: 25% OF 62,580 OR 15,645 IS ALLOCATED TO THE FDN AND 75% OR 46,935 IS ALLOCATED TO THE CDC.
IRS990ScheduleO/GeneralExplanation/Explanation5FORMS 1023, 990 AND 990-T ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation66LINE 5 - NET ASSETS AS OF DECEMBER 31, 2010 WAS RESTATED BY DECREASING NET ASSETS BY 31,031 FOR ACCRUED INTEREST ON BUILDING CAPITAL LEASE.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier6OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 5
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