Sew Valley FY2023 filing

Tax-deductible

Cincinnati, OH501(c)(3)Arts & CultureEIN 82-2721314

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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.
73¢ of each $1 spent went to programs.
$49K 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

FY2023 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
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
$1K
0.5% of total assets
Looks good: liabilities are 0% 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
$496K
+0.3% vs prior year
Spent
$478K
To programs
73%
Net assets
$230K
By yearFY2020–FY2024
Revenue
$496K
FY2023+0.3%
Revenue by fiscal year
FY2020$375K
FY2021$392K
FY2022$494K
FY2023$496K
FY2024$604K
Expenses
$478K
FY2023▲ +23%
Expenses by fiscal year
FY2020$321K
FY2021$352K
FY2022$389K
FY2023$478K
FY2024$606K
Net assets
$230K
FY2023▲ +8%
Net assets by fiscal year
FY2020$66K
FY2021$106K
FY2022$212K
FY2023$230K
FY2024$226K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

73 cents of each dollar spent went to programs.

Program services 73% · $349K Management & general 22% · $106K Fundraising 5% · $23K

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; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Founder, COO
$49,385Pt VII · Sec A
Co-Founder, CEO
$0Pt VII · Sec A
Board President
$0Pt 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

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.

Provided by the organization

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1 program service account for $349K of program spending, described in the organization's own filed words · FY2023.
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.

$349Kprogram 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 · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$496K
Ln 12
Other incomeLn 4–11$418K
Gifts and grantsLn 1h$68K
Fees for servicesLn 2g$8K
Money outPt IX
$478K
Ln 25
Programscol B$349K
Managementcol C$106K
Fundraisingcol D$23K
Owns and owesPt X
$230K
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$231K
LiabilitiesLn 26$1K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Fees for servicesLn 2g$8K
Investment incomeLn 3$2K
Other incomeLn 4–11$418K
Total revenueLn 12$496K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$103K
Cash and savings togetherLn 1–2$146K
Total assetsLn 16$231K
LiabilitiesLn 26$1K
Net assetsLn 32$230K
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 FY23End FY23
Cash and savingsLn 1–2$152K$146K
Total assetsLn 16$212K$231K
LiabilitiesLn 26$189$1K
Net assetsLn 32$212K$230K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K$7K$25K$17K
Other salaries and wagesLn 7$202K$172K$30K
Payroll taxesLn 10$90K$79K$11K
Legal feesLn 11b$3K$3K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$744$595$149
OccupancyLn 16$27K$21K$5K
TravelLn 17$634$634
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$86K$69K$17K
All other expensesLn 24e$6K$123$3K$3K
Total functional expensesLn 25$478K$349K$106K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $604K$606K−$2K$226K 990 PDF
FY2023 Viewing $496K$478K$18K$230K 990 PDF
FY2022 $494K$389K$106K$212K 990 PDF
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $495,729 across 6 lines filed
Lines not itemized here account for $416,896 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$67,537
VIII-1h Total contributions, gifts and grants$67,537
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,454$8,454
VIII-3 Investment incomeExcluded from tax $1,505$1,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,337$1,337
VIII-12 Total revenueRelated to mission $426,687 · Unrelated business $0 · Excluded from tax $1,505$495,729
Part IX · Statement of functional expenses $477,980 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,408 · Management $24,693 · Fundraising $17,285$49,386
IX-7 Other salaries and wagesPrograms $171,959 · Management $30,346$202,305
IX-10 Payroll taxesPrograms $79,007 · Management $10,774$89,781
IX-11b Legal feesManagement $3,200$3,200
IX-11g Other fees for servicesManagement $7,899$7,899
IX-12 Advertising and promotionFundraising $2,947$2,947
IX-13 Office expensesPrograms $595 · Management $149$744
IX-16 OccupancyPrograms $21,225 · Management $5,306$26,531
IX-17 TravelManagement $634$634
IX-23 InsuranceManagement $2,685$2,685
IX-24 Other expenses (24a–d)Programs $69,071 · Management $17,268$86,339
IX-24e All other expensesPrograms $123 · Management $2,621 · Fundraising $2,785$5,529
IX-25 Total functional expensesPrograms $349,388 · Management $105,575 · Fundraising $23,017$477,980
Part X · Balance sheet $230,573 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $62,933$43,812
X-2 Savings and temporary cash investmentsStart of year $89,004$102,509
X-4 Accounts receivableStart of year $60,018$84,252
X-16 Total assetsStart of year $211,955$230,573
X-17 Accounts payable and accrued expensesStart of year $189$1,058
X-26 Total liabilitiesStart of year $189$1,058
X-27 Net assets without donor restrictionsStart of year $211,766$229,515
X-32 Total net assets or fund balancesStart of year $211,766$229,515
X-33 Total liabilities and net assetsStart of year $211,955$230,573
Part XI · Reconciliation of net assets $229,515 net assets at year end
XI-1 Total revenue$495,729
XI-2 Total expenses$477,980
XI-3 Revenue less expenses$17,749
XI-4 Net assets at start of year$211,766
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$229,515

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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