Sew Valley FY2021 filing

Tax-deductible

Cincinnati, OH501(c)(3)Arts & CultureEIN 82-2721314Revenue $392K in FY2021

On file with the IRSsewvalley.org1010 Hulbert Ave, 45214-2125 · Cincinnati, OHTax-exempt since Sep 2017Publicly supported — 509(a)(2)

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Sew Valley is an art and design nonprofit service organization with the mission to provide the midwest community of fashion designer/entrepreneurs with resources and technology to build a scalable, sustainable and responsibly sewn product and brand. Through our flexible work space, we provide opportunities for membership, production services, and education.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$64K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $43K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
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
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $157K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$392K
+4% vs prior year
Spent
$352K
To programs
77%
Net assets
$106K
By yearFY2020–FY2024
Revenue
$392K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$375K
FY2021$392K
FY2022$494K
FY2023$496K
FY2024$604K
Expenses
$352K
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$321K
FY2021$352K
FY2022$389K
FY2023$478K
FY2024$606K
Net assets
$106K
FY2021▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$106K
FY2022$212K
FY2023$230K
FY2024$226K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $269K Management & general 17% · $59K Fundraising 7% · $24K

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

7 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Founder,
$35,361Pt VII · Sec A
Co-Founder,
$28,493Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Presid
$0Pt VII · Sec A

Shailah Maynard’s $54K as Co-Founder, COO is at the 49th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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

NameFY2024FY2023FY2022FY2021FY2020
Shailah Maynard$53,846$49,385$39,235$28,493$25,302
Brittany Kovacs——$5,610$35,361$35,044

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 Sew Valley 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 15aYes

Programs and updates

Empowers Midwest fashion entrepreneurs with resources, technology, and workspace for sustainable brand building.

Questions for Sew Valley

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Provided by the organization

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1 program · $269K · in their own filed words · FY2021
01

To advance apparel designers and entrepreneurs in growing their brands in a sustainable and thoughtful way by offering physical workspace, educational workshops and contract services such as pattern making, sample making, and small batch production.

$269Kprogram expense

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 · FY2024
See all 6 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$392K
Ln 12
Other incomeLn 4–11$305K
Gifts and grantsLn 1h$78K
Fees for servicesLn 2g$9K
Money outPt IX
$352K
Ln 25
Programscol B$269K
Managementcol C$59K
Fundraisingcol D$24K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$110K
LiabilitiesLn 26$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Fees for servicesLn 2g$9K
Other incomeLn 4–11$305K
Total revenueLn 12$392K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Other assetsLn 15$836
Total assetsLn 16$110K
LiabilitiesLn 26$4K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 515
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$57K$67K
Total assetsLn 16$66K$110K
LiabilitiesLn 26$0$4K
Net assetsLn 32$66K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$64K$23K$22K$19K
Other salaries and wagesLn 7$127K$111K$15K
Other employee benefitsLn 9$5K$4K$598
Payroll taxesLn 10$59K$52K$7K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$2K$1K$185
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$3K
OccupancyLn 16$23K$18K$5K
TravelLn 17$752$752
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$8K$947$3K$4K
Total functional expensesLn 25$352K$269K$59K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $604K$606K−$2K$226K 990 PDF
FY2023 $496K$478K$18K$230K 990 PDF
FY2022 $494K$389K$106K$212K 990 PDF
FY2021 Viewing $392K$352K$40K$106K 990 PDF
FY2020 $375K$321K$54K$66K 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 FY2021 990 (6 parts)
Part I · Summary $391,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,046$78,414
I-9 Program service revenuePrior year $8,034$8,844
I-10 Investment income$0
I-11 Other revenuePrior year $219,194$304,539
I-12 Total revenuePrior year $375,274$391,797
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $219,032$254,789
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $102,156$97,079
I-18 Total expensesPrior year $321,188$351,868
I-19 Revenue less expensesPrior year $54,086$39,929
Part VI · Governance 5 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $391,797 across 4 lines filed
Lines not itemized here account for $304,539 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$78,414
VIII-1h Total contributions, gifts and grants$78,414
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,844$8,844
VIII-12 Total revenueRelated to mission $313,383$391,797
Part IX · Statement of functional expenses $351,868 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $23,380 · Management $21,662 · Fundraising $18,813$63,855
IX-7 Other salaries and wagesPrograms $111,399 · Management $15,191$126,590
IX-9 Other employee benefitsPrograms $4,382 · Management $598$4,980
IX-10 Payroll taxesPrograms $52,240 · Management $7,124$59,364
IX-11c Accounting feesManagement $4,738$4,738
IX-11g Other fees for servicesPrograms $1,359 · Management $185$1,544
IX-12 Advertising and promotionFundraising $1,384$1,384
IX-13 Office expensesPrograms $3,112$3,112
IX-16 OccupancyPrograms $18,288 · Management $4,560$22,848
IX-17 TravelManagement $752$752
IX-23 InsuranceManagement $1,093$1,093
IX-24 Other expenses (24a–d)Programs $54,097$54,097
IX-24e All other expensesPrograms $947 · Management $2,896 · Fundraising $3,668$7,511
IX-25 Total functional expensesPrograms $269,204 · Management $58,799 · Fundraising $23,865$351,868
Part X · Balance sheet $109,676 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $56,817$67,308
X-4 Accounts receivableStart of year $7,774$41,532
X-15 Other assetsStart of year $1,508$836
X-16 Total assetsStart of year $66,099$109,676
X-17 Accounts payable and accrued expenses$3,648
X-26 Total liabilitiesStart of year $0$3,648
X-27 Net assets without donor restrictionsStart of year $66,099$106,028
X-32 Total net assets or fund balancesStart of year $66,099$106,028
X-33 Total liabilities and net assetsStart of year $66,099$109,676
Part XI · Reconciliation of net assets $106,028 net assets at year end
XI-1 Total revenue$391,797
XI-2 Total expenses$351,868
XI-3 Revenue less expenses$39,929
XI-4 Net assets at start of year$66,099
XI-10 Net assets at end of year$106,028

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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