Surface Design Association EIN 48-0840731 Form 990 (PDF) Claim this org

Surface Design Association

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Promotes textile art and design through publications, exhibitions, and conferences. For fiscal year 2025 it reported $313K in revenue, $313K in expenses, and $35K in net assets.Pt I

Founded
1977
Type
Public charity (501(c)(3)) · Nonprofit
Location
Albuquerque, NM
Website
www.surfacedesign.org
Filings
6 on file (2020–2025)
Revenue
$313KFY2025
Expenses
$313K
Net assets
$35K
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  48-0840731 Public charity (501(c)(3)) Albuquerque, NM Founded 1977
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes textile art and design through publications, exhibitions, and conferences.
Leadership
Karena Bennett · Executive Director · $68K
Money in and out
$313K revenue, $313K expenses
Bottom line
87% program efficiency
Where the money goes · FY2025
Total revenue
$313K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$755
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program efficiency
87%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
-0.2%
revenue over expenses, this year▲ +98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$313K
FY2025▲ +16%
Expenses
$313K
FY2025▲ +1%
Total assets
$69K
FY2025▲ +30%
Total liabilities
$35K
FY2025▲ +82%
Total revenue
$313K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$755
Total assetsPt X · Ln 16$69K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSurface Design Association
EINHdr · item D48-0840731
Principal addressHdr · item CAlbuquerque, NM
WebsiteHdr · item Jwww.surfacedesign.org
Year of formationHdr · item L1977
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$68,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karena Bennett$68,500$66,313$66,313$61,500$51,000$42,000

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $273K of program spending, described in the organization's own filed words · FY2025.
01

Promote the education and awareness of surface design by offering newsletters, publications, and conferences to the membership and general public, as well as offer members the ability to promote their individual surface design creations by offering a forum for them to be seen.

$273Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$233K · 75%
Program service revenue$79K · 25%
Contributions & grants75%$233K
Program service revenue25%$79K
Investment income$31
Other revenue$34
Total revenueLn 12$313K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program services87%$273K
Management & general11%$35K
Fundraising2%$5K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$69K
Total liabilitiesLn 26$35K
Total net assetsLn 32$35K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $66K · Operating expenses/yr $313K
2.5 months
Where the money goes
Program services
Program services $273K · Total expenses $313K
87%
Management & General
Management & general $35K · Total expenses $313K
11%
Fundraising
Fundraising $5K · Total expenses $313K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $229K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $313K
75%
Government reliance
Government grants — · Total revenue $313K
Earned-income share
Program service revenue $79K · Total revenue $313K
25%
Investment reliance
Investment income $31 · Total revenue $313K
<0.01%
Program self-sufficiency
Program service revenue $79K · Total expenses $313K
25%
Growth & trend
Revenue growth (YoY)
This year $313K · Prior year $268K
+16%
Revenue CAGR
FY2020 $274K · FY2025 $313K
+3%
Net-asset trend (YoY)
End of year $35K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $313K · Expenses $313K
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $69K
Net-asset ratio
Net assets $35K · Total assets $69K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $69K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karena Bennett · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $68K · Total expenses $313K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $107K · Total expenses $313K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 11%
Fundraising cost ratio 2%
Revenue growth 16%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$5K
Grants paid · 2 grants · $11K · 2021–2022
Unitemized GrantFY2022$5,100
Unitemized GrantFY2021$5,900

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$313K revenue · viewing · ⤓ 990 PDF
FY2024$268K revenue · ⤓ 990 PDF
FY2023$327K revenue · ⤓ 990 PDF
FY2022$309K revenue · ⤓ 990 PDF
FY2021$321K revenue · ⤓ 990 PDF
FY2020$274K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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