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Seams Association

Not tax-deductible

Wake Forest, NC501(c)(6)Mutual / membership EIN 57-0517235Revenue $322K in FY2025

On file with the IRSseams.org3650 Rogers Rd 302, 27587-9306 · Wake Forest, NCTax-exempt since Jul 1972

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Seams association's mission is to improve the apparel manufacturing business by offering up to date information and resources to help members better manage their business.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 deficit $11K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$322K
-8% vs prior year
Spent
$399K
To programs
97%
Net assets
$75K
By yearFY2020–FY2025
Revenue
$322K
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$291K
FY2022$475K
FY2023$466K
FY2024$350K
FY2025$322K
Expenses
$399K
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$246K
FY2021$266K
FY2022$453K
FY2023$465K
FY2024$350K
FY2025$399K
Net assets
$75K
FY2025▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2020$102K
FY2021$127K
FY2022$150K
FY2023$151K
FY2024$152K
FY2025$75K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1972.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $388K Management & general 3% · $11K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Marty Bailey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Hopkins
Secretary/Tr
$0Pt VII · Sec A
Brent Jones
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Seams Association 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

Improves apparel manufacturing by providing members with up-to-date business management information and resources.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2025
01

Industry improvements & provide means for members to acquire information on up to date methods to better manage their companies. Other benefits are non-measurable. Some members have stated that they would have gone out of business if seams had not provided valuable timely assistance.

$240Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$322K
Ln 12
Fees for servicesLn 2g$312K
Other incomeLn 4–11$9K
Investment incomeLn 3$172
Money outPt IX
$399K
Ln 25
Programscol B$388K
Managementcol C$11K
Owns and owesPt X
$75K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$76K
LiabilitiesLn 26$1K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$312K
Investment incomeLn 3$172
Other incomeLn 4–11$9K
Total revenueLn 12$322K
Assets in detailPt X, end of year
SavingsLn 2$34K
Cash and savings togetherLn 1–2$34K
Other assetsLn 15$963
Total assetsLn 16$76K
LiabilitiesLn 26$1K
Net assetsLn 32$75K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$122K$34K
Total assetsLn 16$257K$76K
LiabilitiesLn 26$105K$1K
Net assetsLn 32$152K$75K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$970$970
InsuranceLn 23$991$991
Other expenses (24a–d)Ln 24$375K$375K
All other expensesLn 24e$22K$13K$9K
Total functional expensesLn 25$399K$388K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $322K$399K−$77K$75K 990 PDF
FY2024 $350K$350K$451$152K 990 PDF
FY2023 $466K$465K$2K$151K 990 PDF
FY2022 $475K$453K$22K$150K 990 PDF
FY2021 $291K$266K$25K$127K 990 PDF
FY2020 $207K$246K−$39K$102K 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 FY2025 990 (6 parts)
Part I · Summary $321,885 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $322,866$312,442
I-10 Investment incomePrior year $209$172
I-11 Other revenuePrior year $26,987$9,271
I-12 Total revenuePrior year $350,062$321,885
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $349,611$398,789
I-18 Total expensesPrior year $349,611$398,789
I-19 Revenue less expensesPrior year $451−$76,904
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $321,885 across 4 lines filed
Lines not itemized here account for $810 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $312,442$312,442
VIII-3 Investment incomeExcluded from tax $172$172
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,461$8,461
VIII-12 Total revenueRelated to mission $9,271 · Excluded from tax $312,614$321,885
Part IX · Statement of functional expenses $398,789 across 4 lines filed
IX-11c Accounting feesManagement $970$970
IX-23 InsuranceManagement $991$991
IX-24 Other expenses (24a–d)Programs $375,158$375,158
IX-24e All other expensesPrograms $13,127 · Management $8,543$21,670
IX-25 Total functional expensesPrograms $388,285 · Management $10,504 · Fundraising $0$398,789
Part X · Balance sheet $76,185 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $121,592$33,995
X-4 Accounts receivableStart of year $12,162−$1,012
X-9 Prepaid expenses and deferred chargesStart of year $117,782$42,239
X-15 Other assetsStart of year $5,639$963
X-16 Total assetsStart of year $257,175$76,185
X-17 Accounts payable and accrued expensesStart of year $543$1,337
X-26 Total liabilitiesStart of year $105,423$1,337
X-27 Net assets without donor restrictionsStart of year $151,752$74,848
X-32 Total net assets or fund balancesStart of year $151,752$74,848
X-33 Total liabilities and net assetsStart of year $257,175$76,185
Part XI · Reconciliation of net assets $74,848 net assets at year end
XI-1 Total revenue$321,885
XI-2 Total expenses$398,789
XI-3 Revenue less expenses−$76,904
XI-4 Net assets at start of year$151,752
XI-10 Net assets at end of year$74,848

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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