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Cccd Foundation FY2024 filing

Tax-deductible

Asheville, NC501(c)(3)Arts & Culture EIN 83-0571951Revenue $421K in FY2024

On file with the IRS67 Broadway St, 28801-2919 · Asheville, NCTax-exempt since Jun 2019Supporting org, Type I — 509(a)(3)

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The CCCD Foundation receives and maintains funds to be used and applied exclusively toward the programs and grantmaking activities of the Center for Craft whose mission is to advance the understanding of craft in the US.

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

Before you give

FY2024 · 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 6
filings with a surplus
Average surplus $2.4M a year · 77% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 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
Plus $14.5M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $14.5M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$324K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$421K
-3% vs prior year
Spent
$518K
To programs
85%
Net assets
$14.2M
By yearFY2020–FY2025
Revenue
$421K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$15.6M
FY2022$325K
FY2023$435K
FY2024$421K
FY2025$942K
Expenses
$518K
FY2024▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$482K
FY2021$10K
FY2022$1.5M
FY2023$899K
FY2024$518K
FY2025$943K
Net assets
$14.2M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$542K
FY2021$16.2M
FY2022$12.9M
FY2023$13.2M
FY2024$14.2M
FY2025$15.2M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.

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% · $439K Management & general 15% · $79K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
David Worley
Vice Preside
$0Pt VII · Sec A
Patricia Smith
Treasurer/Se
$0Pt VII · Sec A
Michael Andry
Board Member
$0Pt VII · Sec A
Lisbeth Evans
Board Member
$0Pt VII · Sec A
Doug Beckstett
President Th
$0Pt VII · Sec A
Margaret Conrads
Brd Mbr Thru
$0Pt VII · Sec A
Stephanie Moore
Executive Di
$0Pt VII · Sec A
See Cccd Foundation 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

Funds craft programs and grants advancing understanding of US craft.

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Provided by the organization

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1 program · $439K · in their own filed words · FY2023
01

The supported organization is primarily an educational organization that advances the understanding of craft through awarding grants, offering exhibitions and public programs, building strategic community and national partnerships, and spearheading initiatives in the united states.

$439Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Windgate Charitable TrustFY2024$500K
Total grants receivedfrom 1 funder$500K
Grants paid · 21 grants · $4.1M · 2019–2024
The Center for Craft Creativity & Design INCNC · FY2024$405,000
The Center for Craft Creativity & Design INCNC · FY2024$350,000
Firefly Gathering INCNC · FY2024$10,000
Arrowhead Artists and Artisans League INCNC · FY2024$10,000
Apple Country WoodcraftersNC · FY2024$10,000
Southern Highland Handicraft Guild INCNC · FY2024$10,000
Asheville Glass Art SchoolNC · FY2024$10,000
Madison County Arts Council INCOH · FY2024$10,000
Local Cloth INCNC · FY2024$10,000
Haywood County Arts Council INCNC · FY2024$10,000
Hart Square Foundation INCNC · FY2024$10,000
Art League of Henderson County INCNC · FY2024$10,000
Asheville Creative Arts INCNC · FY2024$10,000
The Center for Craft Creativity & Design INCNC · FY2023$300,000
The Center for Craft Creativity & Design INCNC · FY2023$139,000
The Center for Craft Creativity & Design INCNC · FY2022$675,000
The Center for Craft Creativity & Design INCNC · FY2022$145,050
The Center for Craft Creativity & Design INCNC · FY2021$600,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$421K
Ln 12
Investment incomeLn 3$421K
Money outPt IX
$518K
Ln 25
Programscol B$439K
Managementcol C$79K
Owns and owesPt X
$14.2M
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$14.5M
LiabilitiesLn 26$324K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$421K
Gains on assetsLn 7$28K
Total revenueLn 12$421K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$14.5M
Total assetsLn 16$14.5M
LiabilitiesLn 26$324K
Net assetsLn 32$14.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$304K$16K
InvestmentsLn 11–13$13.7M$14.5M
Total assetsLn 16$14.0M$14.5M
LiabilitiesLn 26$844K$324K
Net assetsLn 32$13.2M$14.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$439K$439K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$73K$73K
Office expensesLn 13$100$100
InsuranceLn 23$4K$4K
Total functional expensesLn 25$518K$439K$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $942K$943K−$590$15.2M 990 PDF
FY2024 Viewing $421K$518K−$96K$14.2M 990 PDF
FY2023 $435K$899K−$465K$13.2M 990 PDF
FY2022 $325K$1.5M−$1.2M$12.9M 990 PDF
FY2021 $15.6M$10K$15.6M$16.2M 990 PDF
FY2020 $1.0M$482K$542K$542K 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 FY2024 990 (6 parts)
Part I · Summary $421,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $434,535$421,264
I-11 Other revenue$0
I-12 Total revenuePrior year $434,551$421,264
I-13 Grants and similar amounts paidPrior year $820,050$439,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,181$78,508
I-18 Total expensesPrior year $899,231$517,508
I-19 Revenue less expensesPrior year −$464,680−$96,244
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $421,264 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $393,019$393,019
VIII-7 Net gain or loss on sales of assetsExcluded from tax $28,245$28,245
VIII-12 Total revenueExcluded from tax $421,264$421,264
Part IX · Statement of functional expenses $517,508 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $439,000$439,000
IX-11c Accounting feesManagement $1,500$1,500
IX-11f Investment management feesManagement $73,335$73,335
IX-13 Office expensesManagement $100$100
IX-23 InsuranceManagement $3,573$3,573
IX-25 Total functional expensesPrograms $439,000 · Management $78,508 · Fundraising $0$517,508
Part X · Balance sheet $14,484,237 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $304,346$15,894
X-11 Publicly traded securitiesStart of year $13,729,406$14,468,343
X-16 Total assetsStart of year $14,033,752$14,484,237
X-18 Grants payableStart of year $825,000$300,000
X-25 Other liabilitiesStart of year $18,773$23,847
X-26 Total liabilitiesStart of year $843,773$323,847
X-27 Net assets without donor restrictionsStart of year −$678,427−$307,952
X-28 Net assets with donor restrictionsStart of year $13,868,406$14,468,342
X-32 Total net assets or fund balancesStart of year $13,189,979$14,160,390
X-33 Total liabilities and net assetsStart of year $14,033,752$14,484,237
Part XI · Reconciliation of net assets $14,160,390 net assets at year end
XI-1 Total revenue$421,264
XI-2 Total expenses$517,508
XI-3 Revenue less expenses−$96,244
XI-4 Net assets at start of year$13,189,979
XI-5 Net unrealized gains (losses) on investments$1,066,655
XI-10 Net assets at end of year$14,160,390

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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