Civic Intelligence

Arrowmont School of Arts & Crafts

EIN 58-2007394 • 501(c)3 • Gatlinburg, TN

Profile

Devoted to the encouragement, education and understanding of excellence in creative arts and crafts.

PO Box 567Gatlinburg, TN 37738

www.arrowmont.org

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.05x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$187,354

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

41st percentile

3.7%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$54,297,958

Up $1,923,764 (+3.7%) from 2023

Liabilities

Down

$404,536

Down $21,691 (-5.1%) from 2023

Net Assets

Up

$53,893,422

Up $1,945,455 (+3.7%) from 2023

Revenue

Up

$8,749,560

Up $2,858,437 (+49%) from 2023

Expenses

Up

$6,868,818

Up $682,033 (+11%) from 2023

Net Income

Up

$1,880,742

Up $2,176,404 (+736%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $9,523,397Liabilities 2010: $228,052Net Assets 2010: $9,295,3452010Assets 2011: $9,324,262Liabilities 2011: $163,943Net Assets 2011: $9,160,3192011Assets 2012: $9,656,253Liabilities 2012: $190,616Net Assets 2012: $9,465,6372012Assets 2013: $10,811,092Liabilities 2013: $182,692Net Assets 2013: $10,628,4002013Assets 2014: $15,718,338Liabilities 2014: $1,574,972Net Assets 2014: $14,143,3662014Assets 2015: $14,720,980Liabilities 2015: $1,173,718Net Assets 2015: $13,547,2622015Assets 2016: $16,362,766Liabilities 2016: $866,610Net Assets 2016: $15,496,1562016Assets 2017: $17,242,970Liabilities 2017: $829,813Net Assets 2017: $16,413,1572017Assets 2018: $24,492,924Liabilities 2018: $510,536Net Assets 2018: $23,982,3882018Assets 2019: $31,886,412Liabilities 2019: $554,189Net Assets 2019: $31,332,2232019Assets 2020: $49,658,197Liabilities 2020: $804,606Net Assets 2020: $48,853,5912020Assets 2021: $53,053,900Liabilities 2021: $482,560Net Assets 2021: $52,571,3402021Assets 2022: $49,279,824Liabilities 2022: $435,438Net Assets 2022: $48,844,3862022Assets 2023: $52,374,194Liabilities 2023: $426,227Net Assets 2023: $51,947,9672023Assets 2024: $54,297,958Liabilities 2024: $404,536Net Assets 2024: $53,893,4222024

Highlighted filing

2024

Assets$54,297,958
Liabilities$404,536
Net Assets$53,893,422

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,638,3622010Expenses 2011: $2,405,0522011Revenue 2012: $2,897,797Expenses 2012: $2,376,014Net Income 2012: $521,7832012Revenue 2013: $3,205,165Expenses 2013: $2,318,491Net Income 2013: $886,6742013Revenue 2014: $6,210,474Expenses 2014: $2,573,712Net Income 2014: $3,636,7622014Revenue 2015: $2,536,615Expenses 2015: $2,910,383Net Income 2015: -$373,7682015Revenue 2016: $4,820,764Expenses 2016: $3,156,229Net Income 2016: $1,664,5352016Revenue 2017: $4,094,655Expenses 2017: $3,405,413Net Income 2017: $689,2422017Revenue 2018: $12,568,661Expenses 2018: $3,904,858Net Income 2018: $8,663,8032018Revenue 2019: $10,832,499Expenses 2019: $4,765,516Net Income 2019: $6,066,9832019Revenue 2020: $16,730,957Expenses 2020: $3,371,642Net Income 2020: $13,359,3152020Revenue 2021: $4,804,249Expenses 2021: $3,722,610Net Income 2021: $1,081,6392021Revenue 2022: $9,014,224Expenses 2022: $5,192,726Net Income 2022: $3,821,4982022Revenue 2023: $5,891,123Expenses 2023: $6,186,785Net Income 2023: -$295,6622023Revenue 2024: $8,749,560Expenses 2024: $6,868,818Net Income 2024: $1,880,7422024

Highlighted filing

2024

Revenue$8,749,560
Expenses$6,868,818
Net Income$1,880,742

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.3$0.40$53.9$8.75$6.87$1.88
2023Summary only. Only limited summary data is available for this year.$52.4$0.43$51.9$5.89$6.19$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$0.44$48.8$9.01$5.19$3.82
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.1$0.48$52.6$4.80$3.72$1.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.7$0.80$48.9$16.7$3.37$13.4
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.9$0.55$31.3$10.8$4.77$6.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$0.51$24.0$12.6$3.90$8.66
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$0.83$16.4$4.09$3.41$0.69
2016Summary only. Only limited summary data is available for this year.$16.4$0.87$15.5$4.82$3.16$1.66
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$1.17$13.5$2.54$2.91$0.37
2014Detailed filing. Detailed filing data is available for this year.$15.7$1.57$14.1$6.21$2.57$3.64
2013Detailed filing. Detailed filing data is available for this year.$10.8$0.18$10.6$3.21$2.32$0.89
2012Summary only. Only limited summary data is available for this year.$9.66$0.19$9.47$2.90$2.38$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.32$0.16$9.16$2.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.52$0.23$9.30$2.64
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 8, 2023
Return Version
2022v5.0
Gross Receipts
$9,199,760
Mission and Program Overview

Mission

Devoted to the encouragement, education and understanding of excellence in creative arts and crafts.

Arrowmont is a national art education center that is devoted (continued on p. 47 on schedule o) to the encouragement, education and understanding of excellence in creative arts and crafts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$34,053,970$25,559,640▼ $8,494,330
Land, Buildings, and Equipment, Net$10,706,325$10,421,295▼ $285,030
Cash and Non-Interest-Bearing Accounts$1,767,233$5,408,358▲ $3,641,125
Savings and Temporary Cash Investments$1,627,071$3,790,723▲ $2,163,652
Investments Program Related$4,037,936$3,363,473▼ $674,463
Investments Other Securities$335,982$301,536▼ $34,446
Inventories for Sale or Use$54,265$64,251▲ $9,986
Prepaid Expenses and Deferred Charges$25,997$32,978▲ $6,981
Pledges and Grants Receivable$193,540$23,500▼ $170,040
Accounts Receivable-$8,139-
Total Assets$53,053,900$49,279,824▼ $3,774,076
Other Assets Total$251,581$305,931▲ $54,350
Liabilities
Accounts Payable and Accrued Expenses$303,699$281,323▼ $22,376
Deferred Revenue$178,861$130,968▼ $47,893
Other Liabilities$0$23,147▲ $23,147
Total Liabilities$482,560$435,438▼ $47,122
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,216,334$24,819,934▼ $4,396,400
Net Assets Without Donor Restrictions$23,355,006$24,024,452▲ $669,446
Total Net Assets Fund Balance$52,571,340$48,844,386▼ $3,726,954
Total Liabilities and Net Assets / Fund Balance$53,053,900$49,279,824▼ $3,774,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,209,115$5,189,272$13,398,387
Equipment$602,378$1,162,794$1,765,172
Land$1,599,125-$1,599,125
Leasehold Improvements$10,677$692,997$703,674
Investment Program Related Org$3,363,473--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$30,904,312$1,145,592▼ $3,747,867$530,593$27,389,478
2021$26,971,508$1,577,777▲ $2,779,857$297,961$30,904,312
2020$11,830,510$11,271,872▲ $3,974,248$101,017$26,971,508
2019$8,774,334$1,886,550▲ $1,357,661$133,400$11,830,510
2018$9,386,216$3,663,414▼ $586,208$3,652,258$8,774,334
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trudy HughesChief Executive OfficerFT$166,009$10,896$176,905
Frances DayChief Officer of Institutional AdvancementFT$131,435$3,981$135,416
Julia ClintonChief Financial OfficerFT$114,402$9,434$123,836
Nicholas DefordChief Officer of ProgramsFT$105,836$9,142$114,978
Abraham MccauleyChief Officer of Facilities and OperationsFT$100,938$9,106$110,044

Board Members and Trustees

NameTitle
Steve GottliebPresident - Board of Gover
Barbara BullardVice President - Board of
Craig NuttMember - Board of Governor
Deborah Coburn RiceMember - Board of Governor
George W Jones IiiMember - Board of Governor
Harry FordMember - Board of Governor
Jim BoveMember - Board of Governor
Lola Harrison LlewellynMember - Board of Governor
Maggie Edwards BowersMember - Board of Governor
Margit WorshamMember - Board of Governor
Maribel KoellaMember - Board of Governor
Patty PyleMember - Board of Governor
Rb Summitt IiMember - Board of Governor
Steve ThompsonMember - Board of Governor
Susie GlennMember - Board of Governor
Ted GreenMember - Board of Governor
Tina CurryMember - Board of Governor
Janet HarperSecretary - Board of Gover
Shirley HoganTreasurer - Board of Gover
Revenue and Support

Revenue Composition

Contributions and Grants
$4,011,448
Program Service Revenue
$1,840,791
Investment Income
$3,089,800
Other Revenue
$72,185
All Other Contributions
$1,744,599
Change in Net Assets
$3,821,498

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art87$60,843Fair Market Value
Other Non Cash Contri Table5$17,821Cost
Other Non Cash Contri Table1$500Cost
Total Noncash Contributions93$79,164-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,166,481
Revenue Not Reported on Financial Statements
$5,847,743
Revenue Not Reported on Form 990
$2,725,251
Other Revenue Adjustments
$5,817,931
Total Revenue per Audited Statements
$5,891,732
Total Revenue per Form 990
$9,014,224
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,656,595
Salaries, Compensation, and Employee Benefits$2,154,165
Grants and Similar Amounts Paid$381,966
Total Fundraising Expense$373,662
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$660,450$706,116$185,470$1,552,036
Depreciation Depletion$505,051$94,067$77$599,195
Grants to Domestic Individuals$381,966--$381,966
Current Officers, Directors, Trustees, and Key Employees$127,976$136,825$35,939$300,740
Occupancy$217,061$61,374$20,180$298,615
Travel$135,904$43,541$13,519$192,964
Fees for Services Other$16,367$140,867$2,911$160,145
Other Employee Benefits$56,403$60,302$15,839$132,544
Payroll Taxes$56,070$59,947$15,746$131,763
Insurance$92,020$29,481$9,154$130,655
Other Expenses$88,241$28,271$8,778$125,290
Office Expenses$71,398$22,875$7,103$101,376
Conferences and Meetings$58,255$18,664$5,795$82,714
Advertising$28,971$10,057$2,118$41,146
Pension Plan Contributions$15,780$16,871$4,431$37,082
All Other Expenses$20,736$11,308$3,511$35,555
Fees for Services Accounting-$32,075-$32,075
Fees for Service Investment Mgmnt Fees-$29,812-$29,812
Fees for Services Legal-$3,217-$3,217
Total Functional Expenses$3,137,036$1,682,028$373,662$5,192,726

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,222,288
Total Expenses per Form 990$5,192,726
Expenses per Audited Statements$5,137,681
Expenses Not Reported on Form 990$84,607
Expenses Not Reported on Financial Statements$55,045
Other Expense Adjustments$25,233
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$128,411
Fundraising Gross Income$91,520
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Meet the Artist$104,740$49,470$16,503$32,967
Starry Night$111,644$42,050$24,053$17,997
Total Events$287,468$91,520$128,411$-36,891
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$23,147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Each member of the organization's governing body is provided a copy of the form 990 to review before it is filed.

Form 990, Part VI, Section B, Line 12C

Each year all board members are required to sign a conflict of interest policy that states that no member of the board of directors, or any of the organization's advisory committees, shall derive any personal profit or gain, directly or indirectly, by reason of his or her participation on the board or on an advisory committee. Any personal interest a member may have in matters pending before the board of governors shall be fully disclosed, and the member shall refrain from participation in any decision on such matter.

Form 990, Part VI, Section C, Line 19

The organization provides its governing documents, conflict of interest policy, and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Arrowmont School of Arts & Crafts
EIN
58-2007394
Phone
8654365860
Address
PO BOX 567, GATLINBURG, TN 37738

Signing Officer

Name
Trudy Hughes
Title
CEO
Phone
8654365860
Signed
2023-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trudy Hughes
Formed
1991
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
47
Volunteers
10

Preparer

Firm
Pya P C
Address
2220 SUTHERLAND AVE, KNOXVILLE, TN 37919
Preparer
Abigail L Campbell
Phone
8656730844
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

In 1945, the signature summer workshop program was launched during a period of revival in craft education and the school was opened to people from all over the united states who traveled to take art classes in the beautiful great smoky mountains. Seventy-seven years later, that workshop program has evolved into the extensive year round course offerings of more than 150 classes in contemporary art and crafts to include various artreach, community, and other educational programming activities. In a time when many are seeking fresh ways of problem-solving, seeing differently and communicating effectively, arrowmont offers an opportunity for people of all skill levels to spend a few hours a day, a weekend, a week or two weeks immersed in art-making, experimenting, learning new techniques, exploring a variety of media and forms of expression or simply taking time to be fully focused and present in a creative manner without the distractions of daily life. For some, it is the opportunity to study with leading, nationally recognized artists who travel to the campus to teach specific workshops and serve as the school's foundation in ensuring the highest quality of innovative instruction. For others, it is the exceptional, well-equipped studios where students can work safely and confidently in a professional-level environment. For many, it is the daily engagement among a diverse group of people from different backgrounds, coming together to learn and work in a supportive, creative environment. Arrowmont offers classes, workshops, conferences and other programs to further student education and promote excellence and enrichment in the arts.

FORM 990, PART XI, LINE 9:

Net gain on beneficial interest held by others -7,548,452.

Form 990, Part XII, Line 2C

The organization's finance committee is responsible for oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process this committee employs to meet its responsibilities concerning these matters has not changed from the prior year.

Financial Statement Notes

PART III, LINE 1A:

Arrowmont school of arts & crafts does not capitalize additions to the traveling art collection and, accordingly, the value of the permanent traveling art collection is not reflected in the accompanying consolidated statement of financial position.

PART III, LINE 4:

Instructor-created art is contributed to the display exhibits to demonstrate the quality of work produced by the school. Also, students learn from the exhibits by observing the pieces and understanding the techniques instructors used to create them.

PART V, LINE 4:

The organization primarily uses the endowment funds to provide scholarships to students. Secondary uses include funding public exhibits, maintenance, and campus projects.

PART X, LINE 2:

The school is exempt from federal income taxes as an organization other than a private foundation as described in section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been made in the accompanying consolidated financial statements. The school has no uncertain tax positions at december 31, 2022 and 2021. At december 31 2022, tax returns filed for 2019 through 2021 are subject to examination by the internal revenue service.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Net assets released from restriction 3,773,763. Fundraising expenses netted with revenues 83,338.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Contributions in net assets 3,200,785. Investment income in net assets 2,591,913. Scholarship expenses netted with revenue 25,233.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted with revenues 83,338.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships expenses netted with revenue 25,233.

Raw XML AppendixShowing 400 of 785 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.

Path#Value
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IRS990/ActivityOrMissionDesc0ARROWMONT IS A NATIONAL ART EDUCATION CENTER THAT IS DEVOTED (CONTINUED ON P. 47 ON SCHEDULE O) TO THE ENCOURAGEMENT, EDUCATION AND UNDERSTANDING OF EXCELLENCE IN CREATIVE ARTS AND CRAFTS.
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IRS990/Desc0IN 2022, THE HISTORIC CAMPUS OF THE ARROWMONT SCHOOL OF ARTS AND CRAFTS MARKED ITS 110TH YEAR AS A PLACE OF EDUCATION. THE SPIRIT OF THIS HERITAGE PERMEATES THE GROUNDS, BUILDINGS AND EVEN THE MOUNTAIN AIR. THE EARLY YEARS WERE ABOUT GENERAL EDUCATION IN A SETTLEMENT SCHOOL SETTING, BUT CURRICULUM WAS SOON ADDED IN MOUNTAIN HANDICRAFTS TO PRESERVE SKILLS AND PROVIDE VEHICLES OF LIVELIHOOD FOR AREA RESIDENTS. SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION.
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