American Quilt Study Group FY2023 filing

Tax-deductible

Lincoln, NE501(c)(3)Since 1980EducationEIN 47-0813103Revenue $525K in FY2023

On file with the IRSamericanquiltstudygroup.org1610 L St, 68508-2509 · Lincoln, NETax-exempt since Apr 2001Publicly supported — 509(a)(2)

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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.
74¢ of each $1 spent went to programs.
$81K 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

FY2023 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
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
$42K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$525K
+59% vs prior year
Spent
$450K
To programs
74%
Net assets
$893K
By yearFY2020–FY2025
Revenue
$525K
FY2023▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$208K
FY2021$377K
FY2022$331K
FY2023$525K
FY2024$660K
FY2025$453K
Expenses
$450K
FY2023▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$292K
FY2022$334K
FY2023$450K
FY2024$498K
FY2025$469K
Net assets
$893K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$752K
FY2021$888K
FY2022$737K
FY2023$893K
FY2024$1.1M
FY2025$1.2M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

74 cents of each dollar spent went to programs.

Program services 74% · $333K Management & general 25% · $114K Fundraising 1% · $3K

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

11 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$81,252Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
1st Vice Pre
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$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.

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Provided by the organization

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1 program · $333K · in their own filed words · FY2023
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.

$333Kprogram 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
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$525K
Ln 12
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$204K
Investment incomeLn 3$47K
Money outPt IX
$450K
Ln 25
Programscol B$333K
Managementcol C$114K
Fundraisingcol D$3K
Owns and owesPt X
$893K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$935K
LiabilitiesLn 26$42K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$204K
Investment incomeLn 3$47K
Other incomeLn 4–11$15K
Gains on assetsLn 7$29K
Total revenueLn 12$525K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
InvestmentsLn 11–13$869K
Land, buildings, equipmentLn 10c$519
Other assetsLn 15$7K
Total assetsLn 16$935K
LiabilitiesLn 26$42K
Net assetsLn 32$893K
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 FY23End FY23
Cash and savingsLn 1–2$121K$40K
InvestmentsLn 11–13$755K$869K
Land, buildings, equipmentLn 10c$764$519
Total assetsLn 16$907K$935K
LiabilitiesLn 26$170K$42K
Net assetsLn 32$737K$893K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Other salaries and wagesLn 7$132K$106K$24K$3K
Payroll taxesLn 10$10K$8K$2K$197
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$25K$60$25K
OccupancyLn 16$8K$8K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$177K$177K
Depreciation, depletion and amortizationLn 22$245$245
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$57K$23K$34K
Total functional expensesLn 25$450K$333K$114K$3K

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 Viewing $525K$450K$75K$893K 990 PDF
FY2022 $331K$334K−$3K$737K 990 PDF
FY2021 $377K$292K$85K$888K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $524,772 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $167,148$258,680
I-9 Program service revenuePrior year $139,307$204,220
I-10 Investment incomePrior year $18,125$46,900
I-11 Other revenuePrior year $5,940$14,972
I-12 Total revenuePrior year $330,520$524,772
I-13 Grants and similar amounts paidPrior year $3,192$7,751
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $121,990$142,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,644$300,202
I-18 Total expensesPrior year $333,826$450,187
I-19 Revenue less expensesPrior year −$3,306$74,585
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $524,772 across 8 lines filed
Lines not itemized here account for $13,044 of total revenue; see the IRS return.
VIII-1b Membership dues$79,723
VIII-1f All other contributions, gifts and grants$178,957
VIII-1h Total contributions, gifts and grants$258,680
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $204,220$204,220
VIII-3 Investment incomeExcluded from tax $17,572$17,572
VIII-5 RoyaltiesRelated to mission $1,928$1,928
VIII-7 Net gain or loss on sales of assetsRelated to mission $29,328$29,328
VIII-12 Total revenueRelated to mission $248,520 · Excluded from tax $17,572$524,772
Part IX · Statement of functional expenses $450,187 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $7,751$7,751
IX-7 Other salaries and wagesPrograms $105,883 · Management $23,518 · Fundraising $2,736$132,137
IX-10 Payroll taxesPrograms $8,197 · Management $1,703 · Fundraising $197$10,097
IX-11c Accounting feesPrograms $8,964$8,964
IX-11f Investment management feesManagement $9,018$9,018
IX-11g Other fees for servicesManagement $11,075$11,075
IX-13 Office expensesPrograms $60 · Management $24,603$24,663
IX-16 OccupancyManagement $7,866$7,866
IX-17 TravelPrograms $2,259$2,259
IX-19 Conferences, conventions and meetingsPrograms $176,683$176,683
IX-22 Depreciation, depletion and amortizationPrograms $245$245
IX-23 InsuranceManagement $2,388$2,388
IX-24 Other expenses (24a–d)Programs $22,948 · Management $34,093$57,041
IX-25 Total functional expensesPrograms $332,990 · Management $114,264 · Fundraising $2,933$450,187
Part X · Balance sheet $935,485 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $121,304$39,892
X-4 Accounts receivable$135
X-8 Inventories for sale or useStart of year $14,666$16,171
X-9 Prepaid expenses and deferred chargesStart of year $12,760$2,532
X-10c Land, buildings and equipment, netStart of year $764$519
X-12 Other securitiesStart of year $755,015$869,236
X-15 Other assetsStart of year $2,000$7,000
X-16 Total assetsStart of year $906,509$935,485
X-17 Accounts payable and accrued expensesStart of year $6,285$1,424
X-19 Deferred revenueStart of year $115,609$40,766
X-26 Total liabilitiesStart of year $169,509$42,190
X-27 Net assets without donor restrictionsStart of year $472,447$628,742
X-28 Net assets with donor restrictionsStart of year $264,553$264,553
X-32 Total net assets or fund balancesStart of year $737,000$893,295
X-33 Total liabilities and net assetsStart of year $906,509$935,485
Part XI · Reconciliation of net assets $893,295 net assets at year end
XI-1 Total revenue$524,772
XI-2 Total expenses$450,187
XI-3 Revenue less expenses$74,585
XI-4 Net assets at start of year$737,000
XI-5 Net unrealized gains (losses) on investments$81,710
XI-10 Net assets at end of year$893,295

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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