Civic Intelligence

The Center for Craft Creativity & Design Inc

EIN 56-2096677 • 501(c)3 • Asheville, NC

Profile

The mission of The Center for Craft, Creativity & Design is to advance the understanding of craft by

67 Broadway StAsheville, NC 28801

craftcreativitydesign.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

24th percentile

0.04x

Higher debt load relative to revenue than 24% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$174,490

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

NTEE A • $10M-$25M nonprofits • Source year 2025

Asset Growth

55th percentile

4.4%

Faster asset growth than 55% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

121%

Faster revenue growth than 89% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$15,176,540

Down $152,563 (-1.0%) from 2022

Liabilities

Down

$84,336

Down $8,333 (-9.0%) from 2022

Net Assets

Down

$15,092,204

Down $144,230 (-0.9%) from 2022

Revenue

Down

$1,946,778

Down $439,615 (-18%) from 2022

Expenses

Up

$2,524,533

Up $374,070 (+17%) from 2022

Net Income

Down

-$577,755

Down $813,685 (-345%) from 2022

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $488,942Liabilities 2011: $5,693Net Assets 2011: $483,2492011Assets 2012: $298,407Liabilities 2012: $2,130Net Assets 2012: $296,2772012Assets 2013: $256,866Liabilities 2013: $5,011Net Assets 2013: $251,8552013Assets 2014: $3,852,033Liabilities 2014: $4,471Net Assets 2014: $3,847,5622014Assets 2015: $4,642,362Liabilities 2015: $14,448Net Assets 2015: $4,627,9142015Assets 2016: $4,946,850Liabilities 2016: $80,268Net Assets 2016: $4,866,5822016Assets 2017: $5,362,813Liabilities 2017: $90,543Net Assets 2017: $5,272,2702017Assets 2018: $6,525,803Liabilities 2018: $120,850Net Assets 2018: $6,404,9532018Assets 2019: $13,952,636Liabilities 2019: $368,632Net Assets 2019: $13,584,0042019Assets 2020: $15,146,658Liabilities 2020: $916,630Net Assets 2020: $14,230,0282020Assets 2021: $16,230,503Liabilities 2021: $213,550Net Assets 2021: $16,016,9532021Assets 2022: $15,329,103Liabilities 2022: $92,669Net Assets 2022: $15,236,4342022Assets 2023: $15,176,540Liabilities 2023: $84,336Net Assets 2023: $15,092,2042023

Highlighted filing

2023

Assets$15,176,540
Liabilities$84,336
Net Assets$15,092,204

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $178,5402011Expenses 2012: $226,8762012Revenue 2013: $155,104Expenses 2013: $199,526Net Income 2013: -$44,4222013Revenue 2014: $4,015,914Expenses 2014: $420,207Net Income 2014: $3,595,7072014Revenue 2015: $1,410,623Expenses 2015: $630,271Net Income 2015: $780,3522015Revenue 2016: $1,392,683Expenses 2016: $1,154,015Net Income 2016: $238,6682016Revenue 2017: $1,705,453Expenses 2017: $1,299,765Net Income 2017: $405,6882017Revenue 2018: $2,537,612Expenses 2018: $1,404,929Net Income 2018: $1,132,6832018Revenue 2019: $8,533,852Expenses 2019: $1,385,999Net Income 2019: $7,147,8532019Revenue 2020: $2,397,287Expenses 2020: $1,789,096Net Income 2020: $608,1912020Revenue 2021: $2,413,313Expenses 2021: $1,817,077Net Income 2021: $596,2362021Revenue 2022: $2,386,393Expenses 2022: $2,150,463Net Income 2022: $235,9302022Revenue 2023: $1,946,778Expenses 2023: $2,524,533Net Income 2023: -$577,7552023

Highlighted filing

2023

Revenue$1,946,778
Expenses$2,524,533
Net Income-$577,755

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$15.2$0.08$15.1$1.95$2.52$0.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.09$15.2$2.39$2.15$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.21$16.0$2.41$1.82$0.60
2020Summary only. Only limited summary data is available for this year.$15.1$0.92$14.2$2.40$1.79$0.61
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$0.37$13.6$8.53$1.39$7.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$0.12$6.40$2.54$1.40$1.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.36$0.09$5.27$1.71$1.30$0.41
2016Detailed filing. Detailed filing data is available for this year.$4.95$0.08$4.87$1.39$1.15$0.24
2015Summary only. Only limited summary data is available for this year.$4.64$0.01$4.63$1.41$0.63$0.78
2014Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$4.02$0.42$3.60
2013Summary only. Only limited summary data is available for this year.$0.26$0.01$0.25$0.16$0.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.00$0.30$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.01$0.48$0.18
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 23, 2023
Return Version
2021v4.0
Gross Receipts
$4,264,876
Mission and Program Overview

Mission

The mission of The Center for Craft, Creativity & Design

To advance the understanding of craft by encouraging and supporting research, critical dialogue, and professional development in the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,440,740$6,278,474▼ $162,266
Cash and Non-Interest-Bearing Accounts$1,204,169$1,235,008▲ $30,839
Savings and Temporary Cash Investments$863,955$945,028▲ $81,073
Pledges and Grants Receivable$703,900$918,414▲ $214,514
Accounts Receivable$4,711$8,282▲ $3,571
Prepaid Expenses and Deferred Charges$5,042$6,205▲ $1,163
Inventories for Sale or Use$1,745--
Total Assets$16,230,503$15,329,103▼ $901,400
Other Assets Total$7,006,241$5,937,692▼ $1,068,549
Liabilities
Other Liabilities$118,164--
Accounts Payable and Accrued Expenses$64,388$88,119▲ $23,731
Deferred Revenue$30,998$4,550▼ $26,448
Total Liabilities$213,550$92,669▼ $120,881
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,387,668$7,741,049▲ $353,381
Net Assets With Donor Restrictions$8,629,285$7,495,385▼ $1,133,900
Total Net Assets Fund Balance$16,016,953$15,236,434▼ $780,519
Total Liabilities and Net Assets / Fund Balance$16,230,503$15,329,103▼ $901,400

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,057,096$1,016,399$6,073,495
Land$1,020,000-$1,020,000
Equipment$201,378$333,734$535,112
Other Assets Org$14,205--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$7,006,241-▼ $1,057,215-$5,639,026
2020$5,787,930-▲ $1,449,311-$7,006,241
2019$5,851,420-▲ $169,213$81,000$5,787,930
2018-$5,700,000▲ $160,559-$5,851,420
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie MooreExecutive DiFT$107,764$38,958$146,722

Board Members and Trustees

NameTitle
Ray HemachandraDeai Chair
Doug BeckstettPresident
Bernard HermanPresident -
Aaron McintoshBoard Member
Cindi StraussBoard Member
Diane CharnovBoard Member
Emily ZilberBoard Member
Hope HuskeyBoard Member
Jennifer Calvert HallBoard Member
Laura WayBoard Member
Lisbeth EvansBoard Member
Margaret ConradsBoard Member
Meaghan RoddyBoard Member
Peter AlbericeBoard Member
Steve AcetoBoard Member
Stoney LamarBoard Member
Edward BreslerPast Preside
Cheri HoffmanResource CHA
DIANA N'DIAYESecretary
David WorleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,926,871
Program Service Revenue
$9,562
Investment Income
$278,482
Other Revenue
$171,478
All Other Contributions
$325,907
Change in Net Assets
$235,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,354,186
Revenue Not Reported on Financial Statements
$32,207
Revenue Not Reported on Form 990
$-1,015,749
Total Revenue per Audited Statements
$1,338,437
Total Revenue per Form 990
$2,386,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$932,587
Salaries, Compensation, and Employee Benefits$720,175
Grants and Similar Amounts Paid$497,701
Total Fundraising Expense$160,148
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$316,133$54,825$84,515$455,473
Grants to Domestic Individuals$446,181--$446,181
Depreciation Depletion$299,440$9,357$3,119$311,916
Current Officers, Directors, Trustees, and Key Employees$36,680$87,493$22,548$146,721
Fees for Services Other$55,379$34,047$599$90,025
Office Expenses$38,989$22,001$24,529$85,519
Occupancy$80,990$1,198$844$83,032
Other Employee Benefits$43,598$1,015$10,677$55,290
Grants to Domestic Orgs$51,520--$51,520
Fees for Services Accounting-$47,152-$47,152
Other Expenses$44,590--$44,590
Payroll Taxes$27,113$9,443$7,957$44,513
Information Technology$39,221$3,085$1,762$44,068
Fees for Service Investment Mgmnt Fees-$32,207-$32,207
Advertising$16,819$1,803-$18,622
Pension Plan Contributions$15,143-$3,035$18,178
All Other Expenses$15,742$2,040$180$17,962
Insurance$8,059$1,355$383$9,797
Fees for Services Legal$153$3,261-$3,414
Total Functional Expenses$1,680,033$310,282$160,148$2,150,463

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,150,463
Total Expenses per Audited Statements$2,118,956
Expenses per Audited Statements$2,118,256
Expenses Not Reported on Financial Statements$32,207
Expenses Not Reported on Form 990$700
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
George Washington UniversityAshburn, VA501c3Craft Research$10,500
Museum of Arts & DesignNew York, NY-Craft Research$8,653
Eliot School of Fine & Applied ArtsBoston, MA501c3Craft Research$7,500
Geex IncMadison, WI501c3Craft Research$7,350
Kismet Collaborative LLCDenham Springs, LA501c3Craft Research$7,350
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
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return was prepared by an independent accountant with assistance and oversight by management. Upon completion, the finance committee of the board reviews and approves the form 900 prior to its filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Annual conflict of interest statements are required to be signed by each board member. The statements affirm that the policy has been read and either that no conflict of interest exists or discloses any such conflict.

Form 990, Page 6, Part VI, Line 15A

The executive committee reviews the performance of the executive director on an annual basis to include full board input with progress towards goals reviewed a minimum of twice per year. In the annual budgeting process, the board approved a budget line for aggregate salary expense and sets the salary of the executive director. Thereafter, individual salaries and salary increases for the remaining employees are established by the executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and audited financial statements are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
The Center for Craft Creativity &
EIN
56-2096677
Phone
8287851357
Address
67 BROADWAY ST, ASHEVILLE, NC 28801
Doing Business As
Center for Craft

Signing Officer

Name
Libba Evans
Title
Treasurer (2022-23)
Phone
8287851357
Signed
2023-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Beckstett
Formed
1998
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
17
Volunteers
29

Preparer

Firm
Carter P C
Address
301 COLLEGE ST STE 320, ASHEVILLE, NC 28801-2449
Preparer
Rufus W Dollar
Phone
8282599900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The center for craft's national grant programs are keystones in the craft field's development, providing support to emerging and established craft artists, scholars, educators, and organizations across the country. In fy22 the center received a total of 310 grant applications and awarded 44 grants, providing a total of 502,135 in grants. Now in its sixteenth year and permanently endowed, the center for craft's windgate-lamar fellowship marks 2.4 million awarded to 170 graduating college seniors with exemplary skill in craft. Grants to artists expanded to include the career advancement grants, the pilot year of which supported a diverse cohort of mid-career craft artists in creating sustainable careers and regenerative practices. A visionary program dedicated to supporting scholarly craft research in the united states, the craft research fund is the center's longest-running grant program. The center received a total of 154 grant applications and awarded 13 recipients a total of 137,135.00. Grants to scholars recently expanded to include the craft archive fellowships, which broadens archival research and advances underrepresented craft histories in the united states. In october 2021, the center produced a seminal craft think tank, "craft can," which formalized seven critical intersections through a final series of reflections about what craft can do. Throughout this discussion, the goal was to acknowledge the multi-potentiality of craft and recognize the various aspects of discussion that had grounded a diverse group of participants. These findings informed the 2023-2027 center for craft's strategic plan "craft matters" which was launched in december 2022. The center for craft has become a vital community resource in western north carolina, serving thousands of visitors annually through top-notch programming in the form of exhibitions, lectures, workshops, and community programs. Free to the public, our galleries bring the latest cutting-edge exhibitions to the region and serve as a catalyst for discovery and learning about craft for all ages, backgrounds, and interest levels. In fy22, the center welcomed 7,989 gallery visitors, exhibited 213 artists, and received 1,718 virtual program attendees through exhibition-related programming and community initiatives. The center for craft's historic 1912 historic facility offers over 10,000 square feet of additional space to host programs, meetings, and events with two galleries, event and meeting spaces, additional classroom and conference spaces, an engagement area to explore the craft research fund's publications, and a co-working space ("cowork"). The center for craft is a creative destination and resource for international visitors and the local community by fulfilling the cultural sector's need for optimum space for programs and networking, and shared office space for like-minded organizations, small businesses, and creative professionals. With the help of generous funders and donors, the center continues to build its endowed funds to remain a beacon of support for the makers, scholars, and craft community. To learn more about our programs and how you can support the center, please visit www.centerforcraft.org.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment fund was established by the donor to be used in perpetuity by the organization foor the purpose of supporting operating, program, and grant award expenses related to the annual fellowships to emerging artists and curators.

Schedule D, Page 3, Part X

The center and foundation are exempt from federal income taxes under section 501(c)(3) of the interal revenue code, except on net income derived from unrelated business activities. Management believes that it has appropriate support for any tax position taken and, as such, does not have any uncertain tax positions material to the consolidated financial statements. The center's return of organization exempt from income tax (form 990) for the years ended june 30, 2021, 2020, and 2019, are open and subject to examination by the irs, generally for three years after they were filed.

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IRS990/Desc0THE CENTER FOR CRAFT'S NATIONAL GRANT PROGRAMS ARE KEYSTONES IN THE CRAFT FIELD'S DEVELOPMENT, PROVIDING SUPPORT TO EMERGING AND ESTABLISHED CRAFT ARTISTS, SCHOLARS, EDUCATORS, AND ORGANIZATIONS ACROSS THE COUNTRY. IN FY22 THE CENTER RECEIVED A TOTAL OF 310 GRANT APPLICATIONS AND AWARDED 44 GRANTS, PROVIDING A TOTAL OF 502,135 IN GRANTS. NOW IN ITS SIXTEENTH YEAR AND PERMANENTLY ENDOWED, THE CENTER FOR CRAFT'S WINDGATE-LAMAR FELLOWSHIP MARKS 2.4 MILLION AWARDED TO 170 GRADUATING COLLEGE SENIORS WITH EXEMPLARY SKILL IN CRAFT. GRANTS TO ARTISTS EXPANDED TO INCLUDE THE CAREER ADVANCEMENT GRANTS, THE PILOT YEAR OF WHICH SUPPORTED A DIVERSE COHORT OF MID-CAREER CRAFT ARTISTS IN CREATING SUSTAINABLE CAREERS AND REGENERATIVE PRACTICES. A VISIONARY PROGRAM DEDICATED TO SUPPORTING SCHOLARLY CRAFT RESEARCH IN THE UNITED STATES, THE CRAFT RESEARCH FUND IS THE CENTER'S LONGEST-RUNNING GRANT PROGRAM. THE CENTER RECEIVED A TOTAL OF 154 GRANT APPLICATIONS AND AWARDED 13 RECIPIENTS A TOTAL OF 137,135.00. GRANTS TO SCHOLARS RECENTLY EXPANDED TO INCLUDE THE CRAFT ARCHIVE FELLOWSHIPS, WHICH BROADENS ARCHIVAL RESEARCH AND ADVANCES UNDERREPRESENTED CRAFT HISTORIES IN THE UNITED STATES. IN OCTOBER 2021, THE CENTER PRODUCED A SEMINAL CRAFT THINK TANK, "CRAFT CAN," WHICH FORMALIZED SEVEN CRITICAL INTERSECTIONS THROUGH A FINAL SERIES OF REFLECTIONS ABOUT WHAT CRAFT CAN DO. THROUGHOUT THIS DISCUSSION, THE GOAL WAS TO ACKNOWLEDGE THE MULTI-POTENTIALITY OF CRAFT AND RECOGNIZE THE VARIOUS ASPECTS OF DISCUSSION THAT HAD GROUNDED A DIVERSE GROUP OF PARTICIPANTS. THESE FINDINGS INFORMED THE 2023-2027 CENTER FOR CRAFT'S STRATEGIC PLAN "CRAFT MATTERS" WHICH WAS LAUNCHED IN DECEMBER 2022. THE CENTER FOR CRAFT HAS BECOME A VITAL COMMUNITY RESOURCE IN WESTERN NORTH CAROLINA, SERVING THOUSANDS OF VISITORS ANNUALLY THROUGH TOP-NOTCH PROGRAMMING IN THE FORM OF EXHIBITIONS, LECTURES, WORKSHOPS, AND COMMUNITY PROGRAMS. FREE TO THE PUBLIC, OUR GALLERIES BRING THE LATEST CUTTING-EDGE EXHIBITIONS TO THE REGION AND SERVE AS A CATALYST FOR DISCOVERY AND LEARNING ABOUT CRAFT FOR ALL AGES, BACKGROUNDS, AND INTEREST LEVELS. IN FY22, THE CENTER WELCOMED 7,989 GALLERY VISITORS, EXHIBITED 213 ARTISTS, AND RECEIVED 1,718 VIRTUAL PROGRAM ATTENDEES THROUGH EXHIBITION-RELATED PROGRAMMING AND COMMUNITY INITIATIVES. THE CENTER FOR CRAFT'S HISTORIC 1912 HISTORIC FACILITY OFFERS OVER 10,000 SQUARE FEET OF ADDITIONAL SPACE TO HOST PROGRAMS, MEETINGS, AND EVENTS WITH TWO GALLERIES, EVENT AND MEETING SPACES, ADDITIONAL CLASSROOM AND CONFERENCE SPACES, AN ENGAGEMENT AREA TO EXPLORE THE CRAFT RESEARCH FUND'S PUBLICATIONS, AND A CO-WORKING SPACE ("COWORK"). THE CENTER FOR CRAFT IS A CREATIVE DESTINATION AND RESOURCE FOR INTERNATIONAL VISITORS AND THE LOCAL COMMUNITY BY FULFILLING THE CULTURAL SECTOR'S NEED FOR OPTIMUM SPACE FOR PROGRAMS AND NETWORKING, AND SHARED OFFICE SPACE FOR LIKE-MINDED ORGANIZATIONS, SMALL BUSINESSES, AND CREATIVE PROFESSIONALS. WITH THE HELP OF GENEROUS FUNDERS AND DONORS, THE CENTER CONTINUES TO BUILD ITS ENDOWED FUNDS TO REMAIN A BEACON OF SUPPORT FOR THE MAKERS, SCHOLARS, AND CRAFT COMMUNITY. TO LEARN MORE ABOUT OUR PROGRAMS AND HOW YOU CAN SUPPORT THE CENTER, PLEASE VISIT WWW.CENTERFORCRAFT.ORG.
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