Piedmont Craftsmen Inc in Winston Salem, North Carolina (NC)

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Piedmont Craftsmen Inc
Employer Identification Number (EIN)560818342
Name of OrganizationPiedmont Craftsmen Inc
Address601 North Trade Street, Winston Salem, NC 27101-2959
ActivitiesDiscussion groups, forums, panels lectures, etc., Other instruction and training, Cultural performances
SubsectionEducational Organization
Ruling Date06/1965
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$645,833
Amount of Income$511,236
Form 990 Revenue Amount$302,424
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations

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Amount of income in 2012: $511,236 (it was $493,988 in 2011)
Piedmont Craftsmen Inc: 

Other organizations performing similar types of work: 


Assets in 2012: $645,833 (it was $659,535 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$253,568
Contributions, Gifts, Grants and Other Similar Amounts$190,837
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$478
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net loss from fundraising events$-27,996
Gross income from fundraising events$82,633
Less: direct expenses$110,629
Net income from gaming activities$0
Net income from sales of inventory$87,576
Gross sales of inventory, less returns and allowances$217,367
Less: cost of goods sold$129,791
Miscellaneous Revenue$2,673
Statement of Functional Expenses (for 2011)
Total functional expenses$303,054
Compensation of current officers, directors, trustees, and key employees$47,826
Other salaries and wages$90,925
Payroll taxes$8,665
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$659,535
Total liabilities$42,367
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$617,168
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$931,374
Gifts, grants, contributions, and membership fees received$927,251
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,123
Gross receipts from related activities, etc.$1,599,584
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Frist Center For The Visual Arts In C919 Broadway, Nashville, TN 37203-3822TN1998-07$11,551,959
2American Ceramic Society Inc600 N Cleveland Ave Ste 210, Westerville, OH 43082-6921OH1982-07$10,851,630
3Arts Club Of Chicago201 E Ontario St, Chicago, IL 60611-3204IL1937-05$7,724,585
4Grounds For Sculpture Inc14 Fairgrounds Road Suite A, Hamilton, NJ 08619-3447NJ2000-05$4,304,717
5Museum Of Contemporary Art Cleveland8501 Carnegie Ave, Cleveland, OH 44106-2919OH1974-10$3,730,909
6Textile Museum Of D C2320 S St Nw, Washington, DC 20008-4088DC1929-03$3,473,810
7The American Architectural Foundation Inc2101 L Street Nw, Washington, DC 20037-1526DC1960-06$3,188,188
8Pratt Fine Arts Center1902 S Main St, Seattle, WA 98144-2206WA1983-10$2,253,963
9Virginia Museum Of Contemporary Art2200 Parks Ave, Virginia Bch, VA 23451-4062VA1971-06$2,017,613
10Parkersburg Art Center Inc725 Market St, Parkersburg, WV 26101-4628WV1965-01$1,398,822
11Kentucky Museum Of Art And Craft Inc715 W Main St, Louisville, KY 40202-2633KY1981-07$1,354,169
12The Studios Of Key West Inc600 White St, Key West, FL 33040-7153FL2007-04$1,017,387
13Elizabeth Lane Oliver Center For The ArtsPO BOX 1513, Frankfort, MI 49635-1513MI1984-07$542,431
14Quinlan Arts Inc514 Green St Ne, Gainesville, GA 30501-3314GA1964-09$368,708
15The Center For Emerging Visual Artists Ltd237 S 18th St Apt 3a, Philadelphia, PA 19103-6112PA1983-11$296,421
16Midcoast Fine ArtsPO BOX 4142, Rock Island, IL 61204-4142IL1996-02$203,676
17Sculpture Center1834 E 123rd St, Cleveland, OH 44106-1910OH1994-05$156,748
18Laguna Beach Festival Of Arts Foundation650 Laguna Canyon Rd, Laguna Beach, CA 92651-1837CA1989-03$137,983
19Market Five Gallery7th And N Carolina Ave Se, Washington, DC 20003DC1974-12$98,221
20The Bascom Corporation323 Franklin Rd, Highlands, NC 28741-8551NC2000-03$2,664,786
21Mccoll Center For Visual Art721 N Tryon St, Charlotte, NC 28202-2221NC1976-07$2,048,236
22Green Hill Center For Nc Art200 N Davie St, Greensboro, NC 27401-2819NC1977-03$784,225
23Light Factory345 N College St, Charlotte, NC 28202-2113NC1977-11$729,722
24Piedmont Craftsmen Inc601 North Trade Street, Winston Salem, NC 27101-2959NC1965-06$511,236
25Dogwood Crafters IncorporatedPO BOX 604, Dillsboro, NC 28725-0604NC1979-07$220,402
26Alliance For American Quilts Inc125 S Lexington Ave, Asheville, NC 28801-3661NC1996-03$144,503
27North Carolina Basketmakers Association Inc6790 River Bend Rd, Linden, NC 28356-9442NC1990-03$98,616
28Charlotte Art League Inc1517 Camden Rd, Charlotte, NC 28203-4753NC1987-07$81,899
29Mineral And Lapidary Museum Of Henderson County Inc400 N Main St, Hendersonvlle, NC 28792-4901NC1998-01$64,265
30Capital Quilters GuildPO BOX 20331, Raleigh, NC 27619-0331NC1984-05$29,922
Number of organizations performing similar types of work
District of Columbia8
North Carolina20
New Hampshire2
New Jersey11
New Mexico6
New York54
Rhode Island4
South Carolina4
West Virginia2

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