American Quilt Study Group FY2020 filing

Tax-deductible

Lincoln, NE501(c)(3)Since 1980EducationEIN 47-0813103

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The American Quilt Study Group establishes and promotes the highest standards for interdisciplinary Quilt-related studies, providing opportunities for Study, research and publication of works that advance the knowledge of quilts and related subjects.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$61K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $59K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$61K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$176K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
Spent
$159K
To programs
76%
Net assets
$752K
By yearFY2020–FY2025
Revenue
$208K
FY2020
Revenue by fiscal year
FY2020$208K
FY2021$377K
FY2022$331K
FY2023$525K
FY2024$660K
FY2025$453K
Expenses
$159K
FY2020
Expenses by fiscal year
FY2020$159K
FY2021$292K
FY2022$334K
FY2023$450K
FY2024$498K
FY2025$469K
Net assets
$752K
FY2020
Net assets by fiscal year
FY2020$752K
FY2021$888K
FY2022$737K
FY2023$893K
FY2024$1.1M
FY2025$1.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2001.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $121K Management & general 23% · $36K Fundraising 2% · $2K

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

15 people listed on the 990; $61K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,980Pt VII · Sec A
$0Pt VII · Sec A
First Vice President
$0Pt VII · Sec A
Second Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Carrie Dell’s $94K as Executive Di is at the 80th percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carrie Dell$93,713$87,800$81,252$64,615——
Judy Brott Buss————$70,693$60,980

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 American Quilt Study Group 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 15aNo

Programs and updates

Promotes high standards for interdisciplinary quilt studies, research, and publication.

Provided by the organization

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1 program service account for $121K of program spending, described in the organization's own filed words · FY2020.
01

Presentation of quilt research, workshops, lectures for specific benefit; members are quilt historians, researchers, hobbyists who receive valued information and advice; publication of original quilt history research for public benefit; offer research grants.

$121Kprogram expense

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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
See all 3 funders →
Grants paid · 3 grants · $8K · 2023–2023
Unitemized GrantFY2023$4,496
Unitemized GrantFY2023$2,400
Unitemized GrantFY2023$855

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$208K
Ln 12
Gifts and grantsLn 1h$150K
Fees for servicesLn 2g$33K
Investment incomeLn 3$23K
Money outPt IX
$159K
Ln 25
Programscol B$121K
Managementcol C$36K
Fundraisingcol D$2K
Owns and owesPt X
$752K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$928K
LiabilitiesLn 26$176K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$19K
Fees for servicesLn 2g$33K
Investment incomeLn 3$23K
Other incomeLn 4–11$2K
Gains on assetsLn 7$6K
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$793K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$4K
Total assetsLn 16$928K
LiabilitiesLn 26$176K
Net assetsLn 32$752K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$94K$96K
InvestmentsLn 11–13$711K$793K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$823K$928K
LiabilitiesLn 26$181K$176K
Net assetsLn 32$642K$752K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$63K$52K$9K$1K
Other salaries and wagesLn 7$28K$23K$4K$565
Pension plan contributionsLn 8$254$211$38$5
Payroll taxesLn 10$7K$6K$1K$141
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$6K$240$6K
OccupancyLn 16$8K$8K
Conferences, conventions and meetingsLn 19$350$350
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$27K$26K$206$469
Total functional expensesLn 25$159K$121K$36K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $453K$469K−$16K$1.2M 990 PDF
FY2024 $660K$498K$162K$1.1M 990 PDF
FY2023 $525K$450K$75K$893K 990 PDF
FY2022 $331K$334K−$3K$737K 990 PDF
FY2021 $377K$292K$85K$888K 990 PDF
FY2020 Viewing $208K$159K$49K$752K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $207,904 across 9 lines filed
Lines not itemized here account for $2,226 of total revenue; see the IRS return.
VIII-1b Membership dues$71,643
VIII-1e Government grants$19,400
VIII-1f All other contributions, gifts and grants$58,782
VIII-1h Total contributions, gifts and grants$149,825
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,065$33,065
VIII-3 Investment incomeExcluded from tax $16,343$16,343
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,367$6,367
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $78$78
VIII-12 Total revenueRelated to mission $35,369 · Unrelated business $0 · Excluded from tax $22,710$207,904
Part IX · Statement of functional expenses $159,077 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $3,746$3,746
IX-5 Pay of current officers, directors and key staffPrograms $52,132 · Management $9,421 · Fundraising $1,256$62,809
IX-7 Other salaries and wagesPrograms $23,431 · Management $4,235 · Fundraising $565$28,231
IX-8 Pension plan contributionsPrograms $211 · Management $38 · Fundraising $5$254
IX-10 Payroll taxesPrograms $5,891 · Management $1,064 · Fundraising $141$7,096
IX-11c Accounting feesManagement $9,425$9,425
IX-11g Other fees for servicesManagement $3,185$3,185
IX-13 Office expensesPrograms $240 · Management $6,177$6,417
IX-16 OccupancyPrograms $8,379$8,379
IX-19 Conferences, conventions and meetingsPrograms $350$350
IX-23 InsuranceManagement $2,120$2,120
IX-24 Other expenses (24a–d)Programs $26,390 · Management $206 · Fundraising $469$27,065
IX-25 Total functional expensesPrograms $120,770 · Management $35,871 · Fundraising $2,436$159,077
Part X · Balance sheet $928,002 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $93,955$96,032
X-8 Inventories for sale or useStart of year $12,490$11,609
X-9 Prepaid expenses and deferred chargesStart of year $3,248$23,646
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $710,918$792,715
X-15 Other assetsStart of year $2,000$4,000
X-16 Total assetsStart of year $822,976$928,002
X-17 Accounts payable and accrued expensesStart of year $4,179$2,174
X-19 Deferred revenueStart of year $107,349$115,742
X-25 Other liabilitiesStart of year $69,525$57,847
X-26 Total liabilitiesStart of year $181,053$175,763
X-27 Net assets without donor restrictionsStart of year $401,377$510,743
X-28 Net assets with donor restrictionsStart of year $240,546$241,496
X-32 Total net assets or fund balancesStart of year $641,923$752,239
X-33 Total liabilities and net assetsStart of year $822,976$928,002
Part XI · Reconciliation of net assets $752,239 net assets at year end
XI-1 Total revenue$207,904
XI-2 Total expenses$159,077
XI-3 Revenue less expenses$48,827
XI-4 Net assets at start of year$641,923
XI-5 Net unrealized gains (losses) on investments$61,489
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$752,239

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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