Surface Design Association FY2023 filing

EIN 48-0840731 Public charity (501(c)(3)) Albuquerque, NM
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Revenue & expenses by yearFY2020–FY2025
Revenue
$327K
FY2023▲ +6%
Expenses
$317K
FY2023▼ -0.9%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Promotes textile art and design through publications, exhibitions, and conferences. For fiscal year 2023 it reported $327K in revenue, $317K in expenses, and $83K 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 (2020–2023)
Revenue
$327KFY2023
Expenses
$317K
Net assets
$83K
People
14
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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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 · $66K
Money in and out
$327K revenue, $317K expenses
Bottom line
90% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Yes — filed FY2025

Details →

Foundation funders?

good 2 funders, incl. The Lordi Marker Family Foundation

$5K in the latest grant year. Details →

Spent on programs?

good 90% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↑ +6% vs prior year Details →

Where the money goes · FY2023
Total revenue
$327K
Pt VIII · Ln 12
Total expenses
$317K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program efficiency
90%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$90K
FY2023▲ +5%
Total liabilities
$7K
FY2023▼ -24%
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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
$66,313Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$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 $286K of program spending, described in the organization's own filed words · FY2023.
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.

$286Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$267K · 82%
Program service revenue$60K · 18%
Contributions & grants82%$267K
Program service revenue18%$60K
Investment income$91
— government grantsLn 1e$20K
Total revenueLn 12$327K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$286K
Management & general9%$27K
Fundraising1%$4K
Total functional expensesLn 25$317K

Balance Sheet

Part X · end of year
CashLn 1$89K
Total assetsLn 16$90K
Total liabilitiesLn 26$7K
Total net assetsLn 32$83K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $89K · Operating expenses/yr $317K
3.4 months
Where the money goes
Program services
Program services $286K · Total expenses $317K
90%
Management & General
Management & general $27K · Total expenses $317K
9%
Fundraising
Fundraising $4K · Total expenses $317K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $245K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $267K · Total revenue $327K
82%
Government reliance
Government grants $20K · Total revenue $327K
6%
Earned-income share
Program service revenue $60K · Total revenue $327K
18%
Investment reliance
Investment income $91 · Total revenue $327K
+0.03%
Program self-sufficiency
Program service revenue $60K · Total expenses $317K
19%
Growth & trend
Revenue growth (YoY)
This year $327K · Prior year $309K
+6%
Net-asset trend (YoY)
End of year $83K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $327K · Expenses $317K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
—
Net-asset ratio
Net assets $83K · Total assets $90K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $90K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karena Bennett · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $66K · Total expenses $317K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $103K · Total expenses $317K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 9%——
Fundraising cost ratio 1%——
Revenue growth 6%——
Accounting fee ratio 5%——

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 · ⤓ 990 PDF
FY2024$268K revenue · ⤓ 990 PDF
FY2023$327K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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