To foster, enhance, and extend the cultural heritage of west virginia by providing services and opportunities to west virignian artisans. The foundation's purposes are purely educational and charitable.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $23K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $92K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$428K
-3% vs prior year
Spent
$522K
To programs
71%
Net assets
$374K
By yearFY2020–FY2024
Revenue
$428K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$147K
FY2021$453K
FY2022$473K
FY2023$443K
FY2024$428K
Expenses
$522K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$284K
FY2022$476K
FY2023$570K
FY2024$522K
Net assets
$374K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$429K
FY2021$598K
FY2022$595K
FY2023$468K
FY2024$374K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $371K Management & general 29% · $151K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$74,131Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Renee Margocee’s $74K as Executive Director is at the 69th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Renee Margocee$74,131$74,131$73,813$70,341$72,028

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tamarack Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports West Virginia artisans to foster and extend the state's cultural heritage.

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Provided by the organization

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1 program · $371K · in their own filed words · FY2024
01

Help create and deliver business development, arts and crafts training, and artisan relief aid programs to benefit artisan entrepreneurs.

$371Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$92K
Grants paid · 19 grants · $275K · 2022–2024
Unitemized GrantFY2024$15,060
Unitemized GrantFY2023$37,500
The Heart of West VirginiaFY2023$10,000
Elkins Main Street INCWV · FY2023$10,000
Step by Step INCWV · FY2023$7,500
Coda Mountain Academy INCWV · FY2023$7,500
City of SmithersFY2023$7,500
Reconnecting McDowell INCDC · FY2023$7,500
Unitemized GrantFY2022$90,000
Step by Step INCWV · FY2022$7,500
Guitars in the ClassroomCA · FY2022$7,500
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$428K
Ln 12
Gifts and grantsLn 1h$401K
Fees for servicesLn 2g$14K
Investment incomeLn 3$13K
Money outPt IX
$522K
Ln 25
Programscol B$371K
Managementcol C$151K
Owns and owesPt X
$374K
net assets · Ln 32
Cash and savingsLn 1–2$366K
Total assetsLn 16$395K
LiabilitiesLn 26$22K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$401K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$14K
Investment incomeLn 3$13K
Total revenueLn 12$428K
Assets in detailPt X, end of year
CashLn 1$50K
SavingsLn 2$316K
Cash and savings togetherLn 1–2$366K
Total assetsLn 16$395K
LiabilitiesLn 26$22K
Net assetsLn 32$374K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$443K$366K
Total assetsLn 16$500K$395K
LiabilitiesLn 26$31K$22K
Net assetsLn 32$468K$374K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$74K$33K$42K
Other salaries and wagesLn 7$108K$74K$35K
Payroll taxesLn 10$32K$26K$7K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$68K$54K$14K
Office expensesLn 13$11K$7K$5K
OccupancyLn 16$11K$7K$5K
TravelLn 17$8K$6K$2K
InsuranceLn 23$3K$2K$1K
Other expenses (24a–d)Ln 24$158K$124K$34K
Total functional expensesLn 25$522K$371K$151K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $428K$522K−$95K$374K 990 PDF
FY2023 $443K$570K−$127K$468K 990 PDF
FY2022 $473K$476K−$3K$595K 990 PDF
FY2021 $453K$284K$169K$598K 990 PDF
FY2020 $147K$209K−$62K$429K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $427,725 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,187$401,341
I-9 Program service revenuePrior year $5,534$13,634
I-10 Investment incomePrior year $10,414$12,750
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $443,135$427,725
I-13 Grants and similar amounts paidPrior year $125,000$40,060
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,908$214,830
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $404,940$267,496
I-18 Total expensesPrior year $569,848$522,386
I-19 Revenue less expensesPrior year −$126,713−$94,661
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $427,725 across 6 lines filed
Lines not itemized here account for $11,102 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$401,341
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$401,341
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,532$2,532
VIII-3 Investment incomeExcluded from tax $12,750$12,750
VIII-12 Total revenueRelated to mission $11,102 · Unrelated business $0 · Excluded from tax $15,282$427,725
Part IX · Statement of functional expenses $522,386 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-2 Grants to domestic individualsPrograms $15,060$15,060
IX-5 Pay of current officers, directors and key staffPrograms $32,501 · Management $41,630$74,131
IX-7 Other salaries and wagesPrograms $73,589 · Management $34,739$108,328
IX-10 Payroll taxesPrograms $25,722 · Management $6,649$32,371
IX-11c Accounting feesManagement $7,500$7,500
IX-12 Advertising and promotionPrograms $53,978 · Management $14,348$68,326
IX-13 Office expensesPrograms $6,860 · Management $4,625$11,485
IX-16 OccupancyPrograms $6,860 · Management $4,573$11,433
IX-17 TravelPrograms $6,217 · Management $1,653$7,870
IX-23 InsurancePrograms $1,603 · Management $1,069$2,672
IX-24 Other expenses (24a–d)Programs $123,891 · Management $34,319$158,210
IX-25 Total functional expensesPrograms $371,281 · Management $151,105 · Fundraising $0$522,386
Part X · Balance sheet $395,203 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $82,415$49,844
X-2 Savings and temporary cash investmentsStart of year $361,062$316,421
X-4 Accounts receivableStart of year $55,007$27,492
X-9 Prepaid expenses and deferred chargesStart of year $1,162$1,446
X-16 Total assetsStart of year $499,646$395,203
X-17 Accounts payable and accrued expensesStart of year $31,369$21,587
X-26 Total liabilitiesStart of year $31,369$21,587
X-27 Net assets without donor restrictionsStart of year $280,943$228,559
X-28 Net assets with donor restrictionsStart of year $187,334$145,057
X-32 Total net assets or fund balancesStart of year $468,277$373,616
X-33 Total liabilities and net assetsStart of year $499,646$395,203
Part XI · Reconciliation of net assets $373,616 net assets at year end
XI-1 Total revenue$427,725
XI-2 Total expenses$522,386
XI-3 Revenue less expenses−$94,661
XI-4 Net assets at start of year$468,277
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$373,616

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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