Tennessee Association of Craft Artists (Tennessee Craft)
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615-736-7600
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2423 Eugenia Ave
Nashville, TN 37211
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2021

Fiscal Year End

06/30/2022

Projected Revenue

$478,050.00

Projected Expenses

$473,237.49

Organizational Budgets and Other Documents

Tennessee Craft FY22 Budget 2022
Tennessee Craft FY21 Budget 2021
Tennessee Craft FY 2020 Budget 2020
TN Assoc of Craft Artists, DBA Tennessee Craft FY2019 BUDGET 2019
TN Assoc of Craft Artists, DBA Tennessee Craft FY2018 BUDGET 2018
TN Assoc of Craft Artists, DBA Tennessee Craft FY2017 BUDGET 2017
TNAssocOfCraftArtists DBA TennesseeCraft FY2016 Budget 2016
TN Assoc of Craft Artists (DBA Tennessee Craft) 2015 Budget 2015
Tennessee Association of Craft Artists (TACA) 2014 Budget 2014
tennessee association of craft artists (taca) 2013 budget 2013
tennessee association of craft artists (taca) 2012 budget 2012
tennessee association of craft artists (taca) 2011 budget 2011
tennessee association of craft artists (taca) 2010 budget 2010
tennessee association of craft artist (taca) 2008 budget 2008
tennessee association of craft artist (taca) 2005 budget 2005
tennessee association of craft artist (taca)2005 budget 2005

IRS Letter of Exemption

tennessee association of craft artist (taca) irs ltr

Detailed Financials

Revenue and Expenses
Fiscal Year202120202019
Total Revenue $390,303.00$374,711.00$520,556.00
Total Expenses $384,224.00$431,041.00$503,730.00
Revenue Less Expenses $6,079.00($56,330.00)$16,826.00

Revenue Sources
Fiscal Year202120202019
Foundation and Corporation Contributions $35,000.00$8,000.00$16,000.00
Government - Federal $0.00$0.00$0.00
Government - State $42,840.00$54,400.00$51,600.00
Government - Local $61,588.00$74,985.00$75,140.00
Government - Unspecified $20,357.00$0.00$0.00
Individual Contributions $98,270.00$46,402.00$69,495.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $166,930.00$189,304.00$305,982.00
Investment Income, Net of Losses $318.00$1,620.00$2,339.00
Membership Dues $0.00$0.00$0.00
Special Events $0.00$0.00$0.00
Revenue In-Kind $0.00$0.00$0.00
Other $0.00$0.00$0.00

Expense Allocation
Fiscal Year202120202019
Program Expense $247,212.00$271,602.00$382,510.00
Administration Expense $105,193.00$136,888.00$105,359.00
Fundraising Expense $31,819.00$22,551.00$15,861.00
Total Revenue/Total Expenses 102%87%103%
Program Expense/Total Expenses 64%63%76%
Fundraising Expense/Contributed Revenue 8%5%3%

Top Funding Sources
Fiscal Year202120202019
Top Funding Source & Dollar Amount Program Revenue
$166,930.00
Program Revenue
$189,304.00
Program Revenue
$305,982.00
Second Highest Funding Source & Dollar Amount Contributions, Gifts, and Grants
$98,270.00
Local Government Grants
$74,985.00
Local Government Grants
$75,140.00
Third Highest Funding Source & Dollar Amount Local Government Grants
$61,588.00
State Government Grants
$54,400.00
Contributions, Gifts and Grants
$69,495.00

Assets and Liabilities
Fiscal Year202120202019
Total Assets $252,133.00$266,034.00$267,751.00
Current Assets $233,017.00$251,151.00$250,671.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $38,322.00$63,101.00$9,118.00
Total Net Assets $213,811.00$202,933.00$258,633.00

Endowment Info

Do you have an endowment?

No

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2022

Form 990s

TN Assoc of Craft Artists (DBA Tennessee Craft) 2020 (FYE21) 990 2021
Tennessee Craft Form 990 FY20 2020
TN Assoc of Craft Artists (DBA Tennessee Craft) 2020 (FYE21) 990 2020
990 Return of Organization Exempt From Income Tax for FY19 2019
TN Assoc of Craft Artists (DBA Tennessee Craft) 2018 Form 990 2018
IRS Tax Form 990 2018
TN Assoc of Craft Artists (DBA Tennessee Craft) 2017 Form 990 2017
TN Assoc of Craft Artists (DBA Tennessee Craft) 2016 Form 990 2016
TN Assoc. of Craft Artists (DBA Tennessee Craft) 2015 Form 990 2015
TN Assoc of Craft Artists (DBA Tennessee Craft) 2014 Form 990 2014
Tennessee Association of Craft Artists (TACA) 2013 Form 990 2013
Tennessee Association of Craft Artists (TACA) 2012 Form 990 2012
Tennessee Association of Craft Artists (TACA) 2011 Form 990 2011
Tennessee Association of Craft Artists (TACA) 2010 Form 990 2010
tennessee association of craft artists (taca) 2009 990 2009
tennessee association of craft artist (taca) 2008 990 2008
tennessee association of craft artist (taca) 2007 990 2007
tennessee association of craft artist (taca)2006 990 2006
tennessee association of craft artist (taca) 2005 990 2005
tennessee association of craft artist (taca) 2004 990 2004
tennessee association of craft artist (taca)2003 990 2003

Audit Documents

TENNESSEE ASSOCIATION OF CRAFT ARTISTS D/B/A TENNESSEE CRAFT FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT 2020
TACA - Audit Reports 6-30-2019 Final 2019
TN Assoc of Craft Artists (DBA Tennessee Craft) 2018 Audit+Ltr 2018
TN Assoc of Craft Artists (DBA Tennessee Craft) 2017 Audit+Ltr 2017
TN Assoc of Craft Artists (DBA Tennessee Craft) 2016 Audit 2016
TN Assoc of Craft Artists (DBA Tennessee Craft) 2015 Audit 2015
TN Assoc of Craft Artists (DBA Tennessee Craft) 2014 Audit 2014
Tennessee Association of Craft Artists (TACA) 2013 Audit 2013
Tennessee Association of Craft Artists (TACA) 2012 Audit 2012
Tennessee Association of Craft Artists (TACA) 2011 Audit 2011
tennessee association of craft artists (taca) 2010 audit 2010
tennessee association of craft artists (taca) 2009 audit 2009
tennessee association of craft artists (taca) 2008 audit 2008
tennessee association of craft artist (taca) 2007 audit 2007
tennessee association of craft artist (taca) 2006 audit 2006
tennessee association of craft artist (taca) 2005 audit 2005
tennessee association of craft artist (taca) 2004 audit 2004

CEO/Executive Director/Board Comments


Tennessee Craft's most immediate financial challenge, like our peer arts and other organizations, constituents and partners has been to remain resilient, vital, flexible, innovative and present during the past year and the coming months, years through the global pandemic and through the recovery stages of the post-pandemic. Recovery is underway with our first, COVID-protocol-implemented in-person craft since the onset of the pandemic. The outdoors event brought high enthusiasm among exhibiting artists, volunteers, staff, sponsors and craft art enthusiasts who enjoyed presenting the fair outdoors. A successful fair for those we serve - both artists and the arts community. We are grateful to our governing board, grantors, government partners, state-wide and regional focused partners and supporters for the opportunities they have afforded us to do so. And we have done so organizationally working creating a "tight ship" in terms of personnel capacity and finances, while bearing a reduction in earned income revenues of over 50% in FY2020. We are grateful for federal payroll protection program and emergency disaster funding to allow us to maintain our small number, although effective and experienced staff. We are grateful during these extraordinary times, we were able to shift programming in compliance and prudent to public health to continue executing our mission at the state organization level and at our chapter regional levels.

The board approved in June 2021 our FY22-24 Strategic Plan that includes the building a broad base of donor support. Fundraising wisdom claims long-term donors, however low the donation amount are the foundation on which nonprofits should rely. Tennessee Craft's numbers are low but rising. An active Development Committee and Development staff member has begun turning the board's culture toward acknowledging their fundraising responsibility, and that has already helped build our donor base. Sustained emphasis on this responsibility at each board meeting has brought more board support to Tennessee Craft's fundraising efforts. Sponsorships of the craft fairs and other public and stakeholder engaging and visible programming that have potential to garner so much in support are a revenue stream that should be easy to increase, and with the current investment in a full-time Development and Community Engagement position, including increased DEI engagement, increasing opportunities to sustain and advance financial health and increase social capital have become to emerge toward fruition. Overall revenue will allow for increased value for donors and sponsors through increased reach, visibility and mission impact.

Foundation Staff Comments


Financials taken from the 990. Financials prepared by Bellenfant PLLC. Comments provided by Nicole Rose 01/04/2022.