Dfw Fiber Fest INC

Tax-deductible

Corinth, TX501(c)(3)Since 2005EducationEIN 61-1498521

DFW Fiber Fest is an Annual Fiber Fest event. We offer classes from both nationally known and local teachers in the fiber arts, primarily in knitting, crochet, spinning, and weaving for the purpose of providing education to fiber enthusiasts

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 3
filings with a surplus
Average deficit $4K a year · 2% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% 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
Named funders
1
named funder · $88
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330K
+28% vs prior year
Spent
$311K
To programs
85%
Net assets
$38K
By yearFY2021–FY2025
Revenue
$330K
FY2025▲ +28%
Revenue by fiscal year
FY2021$7K
FY2022$153K
FY2023$238K
FY2024$258K
FY2025$330K
Expenses
$311K
FY2025▲ +24%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$276K
FY2024$252K
FY2025$311K
Net assets
$38K
FY2025▲ +71%
Net assets by fiscal year
FY2021$47K
FY2022$54K
FY2023$16K
FY2024$22K
FY2025$38K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $264K Management & general 15% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sponsorship
$0Pt VII · Sec A
Teachers
$0Pt VII · Sec A
Volunteers
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Registration
$0Pt VII · Sec A
Fiberatory Director
$0Pt VII · Sec A
See Dfw Fiber Fest INC 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

Offers classes in knitting, crochet, spinning, and weaving for fiber art enthusiasts.

Provided by the organization

This section is blank until Dfw Fiber Fest INC claims this page.

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2 program services account for $264K of program spending, described in the organization's own filed words · FY2025.
01

National and local teachers to provide classes to further the education of fiber enthusiasts

$158Kprogram expense
02

Venue to hold classes taught by National and Local teachers

$106Kprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$88

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$330K
Ln 12
Fees for servicesLn 2g$330K
Money outPt IX
$311K
Ln 25
Programscol B$264K
Managementcol C$47K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$38K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$330K
Total revenueLn 12$330K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$38K
LiabilitiesLn 26$0
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
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$21K$27K
Total assetsLn 16$22K$38K
LiabilitiesLn 26$0$0
Net assetsLn 32$22K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$41$41
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$65K$26K$39K
Information technologyLn 14$4K$4K
OccupancyLn 16$99K$99K
Conferences, conventions and meetingsLn 19$139K$139K
Total functional expensesLn 25$311K$264K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $330K$311K$20K$38K 990 PDF
FY2024 $258K$252K$6K$22K 990 PDF
FY2023 $238K$276K−$38K$16K 990 PDF
FY2022 $153K$54K 990 PDF
FY2021 $7K$47K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $330,448 across 2 lines filed
Lines not itemized here account for $330,448 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-12 Total revenueRelated to mission $330,448 · Unrelated business $0 · Excluded from tax $0$330,448
Part IX · Statement of functional expenses $310,896 across 6 lines filed
IX-11c Accounting feesManagement $41$41
IX-12 Advertising and promotionManagement $4,543$4,543
IX-13 Office expensesPrograms $25,706 · Management $38,866$64,572
IX-14 Information technologyManagement $3,565$3,565
IX-16 OccupancyPrograms $99,416$99,416
IX-19 Conferences, conventions and meetingsPrograms $138,759$138,759
IX-25 Total functional expensesPrograms $263,881 · Management $47,015 · Fundraising $0$310,896
Part X · Balance sheet $37,622 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $20,619$27,079
X-9 Prepaid expenses and deferred charges$10,543
X-16 Total assetsStart of year $21,959$37,622
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $21,959$37,622
X-33 Total liabilities and net assetsStart of year $21,959$37,622
Part XI · Reconciliation of net assets $37,622 net assets at year end
XI-1 Total revenue$330,448
XI-2 Total expenses$310,896
XI-3 Revenue less expenses$19,552
XI-4 Net assets at start of year$21,959
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$3,889
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,622

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

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