Civic Intelligence

Knitting Guild Association

990 • Fiscal year 2023 • EIN 81-3004152

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 31, 2024

Organization ProfileWWW.TKGA.ORG
4824 Sunnybrook DrivePlano, TX 75093

(214) 923-2837

Siviq Scores

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

Liabilities / Assets

86th percentile

0.28x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

8.3%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$38,613

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

67th percentile

13%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

50%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$308,094

Up $34,568 (+13%) from 2022

Net Assets

Up

$222,133

Up $27,002 (+14%) from 2022

Liabilities

Up

$85,961

Up $7,566 (+9.7%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin59th percentile

Revenue

Up

$324,741

Up $108,237 (+50%) from 2022

Expenses

Up

$297,739

Up $106,632 (+56%) from 2022

Net Income

Up

$27,002

Up $1,605 (+6.3%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$400K$300K$200K$100K$0Assets 2017: $143,619Liabilities 2017: $93,823Net Assets 2017: $49,7962017Assets 2018: $212,138Liabilities 2018: $74,325Net Assets 2018: $137,8132018Assets 2019: $217,640Liabilities 2019: $67,484Net Assets 2019: $150,1562019Assets 2020: $237,169Liabilities 2020: $102,000Net Assets 2020: $135,1692020Assets 2021: $247,530Liabilities 2021: $77,796Net Assets 2021: $169,7342021Assets 2022: $273,526Liabilities 2022: $78,395Net Assets 2022: $195,1312022Assets 2023: $308,094Liabilities 2023: $85,961Net Assets 2023: $222,1332023Assets 2024: $333,518Liabilities 2024: $94,904Net Assets 2024: $238,6142024

Highlighted filing

2023

Assets$308,094
Liabilities$85,961
Net Assets$222,133
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $135,135Expenses 2017: $80,350Net Income 2017: $54,7852017Revenue 2018: $168,653Expenses 2018: $80,636Net Income 2018: $88,0172018Revenue 2019: $152,124Expenses 2019: $139,781Net Income 2019: $12,3432019Revenue 2020: $143,611Expenses 2020: $158,598Net Income 2020: -$14,9872020Revenue 2021: $269,842Expenses 2021: $235,277Net Income 2021: $34,5652021Revenue 2022: $216,504Expenses 2022: $191,107Net Income 2022: $25,3972022Revenue 2023: $324,741Expenses 2023: $297,739Net Income 2023: $27,0022023Revenue 2024: $349,095Expenses 2024: $332,614Net Income 2024: $16,4812024

Highlighted filing

2023

Revenue$324,741
Expenses$297,739
Net Income$27,002
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 31, 2024
Return Version
2023v5.1
Gross Receipts
$324,741
Mission and Program Overview

Mission

The specific purposes of the Corporation are to provide education and resources to knitters to increase their mastery of the craft of knitting. Our mission is to support serious knitters in their efforts to learn the history, perpetuate the traditional techniques, and keep the artisan aspect and high quality standards of the craft alive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$263,103$292,653▲ $29,550
Prepaid Expenses and Deferred Charges$10,423$15,441▲ $5,018
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$273,526$308,094▲ $34,568
Other Assets Total-$0-
Liabilities
Deferred Revenue$50,924$53,095▲ $2,171
Accounts Payable and Accrued Expenses$27,471$32,866▲ $5,395
Total Liabilities$78,395$85,961▲ $7,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$195,131$222,133▲ $27,002
Total Net Assets Fund Balance$195,131$222,133▲ $27,002
Total Liabilities and Net Assets / Fund Balance$273,526$308,094▲ $34,568

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$12,308$12,308
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arenda HolladayPres & Exec Director-$38,613$38,613
Mary E JacobsTreasurer-$23,081$23,081
Heather StortaVP-education-$10,353$10,353
Donna EstinVP-comm.PT$7,353$7,353
Leslie GonzalezVP-cert.PT$6,166$6,166
Celia CahillVP-off-site Ed.PT$1,450$1,450

Board Members and Trustees

NameTitle
Christina K HangerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$19,396
Program Service Revenue
$305,345
Investment Income
$0
Other Revenue
$0
All Other Contributions
$19,396
Change in Net Assets
$27,002

Audited Revenue Reconciliation

Revenue per Audited Statements
$324,741
Total Revenue per Audited Statements
$324,741
Total Revenue per Form 990
$324,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,099
Salaries, Compensation, and Employee Benefits$105,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$115,151--$115,151
Current Officers, Directors, Trustees, and Key Employees$86,390$19,250-$105,640
Fees for Services Other$25,600--$25,600
Fees for Services Accounting-$7,000-$7,000
Fees for Services Legal-$6,750-$6,750
Advertising-$4,000-$4,000
Other Expenses$2,623$581-$3,204
All Other Expenses-$2,751-$2,751
Office Expenses-$834-$834
Total Functional Expenses$253,285$44,454$0$297,739

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$297,739
Total Expenses per Audited Statements$297,739
Total Expenses per Form 990$297,739
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Arenda HolladayDirectorCast on EditorNo$38,613
Mary JacobsDirectorBookkeeping FeesNo$23,081

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Form 990 will be shared via email with all the board of directors. Any questions will be addressed via email and board approval will be documented through the email process.”

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

“Board members are required to disclose any conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Knitting Guild Association
EIN
81-3004152
Phone
2149232837
Address
4824 SUNNYBROOK DRIVE, PLANO, TX 75093

Signing Officer

Name
Christina K Hanger
Title
Secretary
Signed
2024-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina K Hanger
Formed
2016
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
5
Employees
0

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Guild is a nonprofit publicly supported organization, as defined in Section 501(c)(3) of the Internal Revenue Code (IRC) that is exempt from federal income taxes under Section 501(a) of the IRC. For years ended December 31, 2023 and 2022, the Guild did not conduct any unrelated business activities that would be subject to federal income taxes and had no uncertain tax positions. Therefore, no tax provision or liability has been reported in the accompanying financial statements.GAAP requires the evaluation of tax positions taken in the course of preparing the Guilds tax returns and recognition of a tax liability (or asset) if the Guild has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Guild, and has concluded that as of December 31, 2023 and 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990/ProgramServiceRevenueGrp/Desc0KNITTING COURSES
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106994
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106994
IRS990/ProgSrvcAccomActy2Grp/Desc0TKGA offers educational classes that are done remotely as correspondence courses. A cornerstone of TKGA is its Master Hand Knitting certification program, comprised of three levels. Knitters submit their knitting, writing, and technical knowledge to a panel of Master Hand Knitters for their review and comments. Upon successful completion of all three certification levels, the student becomes a Master Knitter.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TKGA produces a quarterly, electronic educational journal, Cast On, to members that contains educational articles, book reviews, yarn reviews, patterns with educational aspects, and technical articles. Members also receive the monthly newsletter called K2tog Newsletter, which has educational offerings as well as member news.TKGA had 3,138 members in 2023.
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IRS990ScheduleA/Total509Grp/TotalAmt01106822
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt012308
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Guild is a nonprofit publicly supported organization, as defined in Section 501(c)(3) of the Internal Revenue Code (IRC) that is exempt from federal income taxes under Section 501(a) of the IRC. For years ended December 31, 2023 and 2022, the Guild did not conduct any unrelated business activities that would be subject to federal income taxes and had no uncertain tax positions. Therefore, no tax provision or liability has been reported in the accompanying financial statements.GAAP requires the evaluation of tax positions taken in the course of preparing the Guilds tax returns and recognition of a tax liability (or asset) if the Guild has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Guild, and has concluded that as of December 31, 2023 and 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ARENDA HOLLADAY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MARY JACOBS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CAST ON EDITOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BOOKKEEPING FEES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 will be shared via email with all the board of directors. Any questions will be addressed via email and board approval will be documented through the email process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0253285
IRS990/TotalFunctionalExpensesGrp/TotalAmt0297739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078395
IRS990/TotalLiabilitiesEOYAmt085961
IRS990/TotalLiabilitiesGrp/BOYAmt078395
IRS990/TotalLiabilitiesGrp/EOYAmt085961
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IRS990/TotalProgramServiceExpensesAmt0253285
IRS990/TotalProgramServiceRevenueAmt0305345
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IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04824 SUNNYBROOK DRIVE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,094
Liabilities
$85,961
Net assets
$222,133
Revenue
$324,741
Expenses
$297,739
Net income
$27,002
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.95$2.39$3.49$3.33$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.86$2.22$3.25$2.98$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.78$1.95$2.17$1.91$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.78$1.70$2.70$2.35$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$1.02$1.35$1.44$1.59$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.67$1.50$1.52$1.40$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.74$1.38$1.69$0.81$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.94$0.50$1.35$0.80$0.55