PLATINUM2024

LOCAL CLOTH INC

Growing the Fiber Economy

aka Local Cloth   |   Asheville, NC   |  localcloth.org
GuideStar Charity Check

LOCAL CLOTH INC

EIN: 45-5399614


Mission

To support and sustain the regional fiber and textile arts economy and professions through collaboration, education and innovation. And to grow the fiber economy in the Southern Appalachian region,within 100 miles of the project's Asheville headquarters, focusing on craft artists, fiber animal farmers and small scale fiber mills and processing businesses.

Ruling year info

2013

Chair and CEO

Judi Jetson

Main address

408 Depot Street, #100

Asheville, NC 28801 USA

Show more contact info

EIN

45-5399614

Subject area info

Arts and culture

Agriculture

Economic development

Population served info

Adults

Farmers

Artists and performers

NTEE code info

Economic Development (S30)

Arts, Cultural Organizations - Multipurpose (A20)

Agricultural Programs (K20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Textile Study Group

At monthly meetings, we engage, study and discuss a wide range of textile subjects and invite everyone interested to participate.

Population(s) Served
Adults

Exhibits featuring locally grown fiber, local dye, local weaving and sewing and knitting, etc.

Population(s) Served
Adults

Annual yard sale type of event featuring everything from looms and spinning wheels to fiber animals.

Population(s) Served
Adults

This project will develop a supply network linking fiber farmers, processors, dyers
and weavers in order to produce yarn and blankets made from animals raised in Western North
Carolina. Bed and lap blankets will be sold in the Local Cloth retail shop and in other fine retail shops in the region.
Local Cloth will identify processing and production sources, buy 50-100 pounds of
fleece for processing, connect with processors, arrange for natural dyeing of about 1/3 of
the resultant fiber and fairly compensate designers and weavers to produce 20 blanket samples.
We will market the samples to take orders for a production run of 500 pounds. Proceeds from
sales will be put back into the project, enabling this nonprofit to continue to
purchase wool, and pay for processing and weaving the next year’s clip.
Farmers will benefit as the market for their fiber increases.

Population(s) Served
Artists and performers
Farmers
Self-employed people
Students

Spring Festival celebrating the regional growers and fiber farmers.

Population(s) Served
Artists and performers
Farmers
Self-employed people
Students

Where we work

Affiliations & memberships

Fibershed affiliate 2020

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Increased membership

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students, Farmers, Artists and performers, Self-employed people

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Local Cloth is a 501(c)3 non-profit organization built and sustained by a passion for fiber. Rooted in local resources and talent, we strive to increase awareness of and access to regional production and artisan practices.

Local Cloth is dedicated to growing and supporting the fiber economy in Western North Carolina through education, inclusive programming, and services which add value to local products. We advocate for our regional community of farmers, artists, makers and designers.

Increase Community Outreach -Raise the visibility and highlight the relevance of Local Cloth to prospective members and the broader community.
Grow Educational Opportunities - Expand the types, skill levels, and price points of classes and other learning opportunities.
Expand Human Capacity – Determine and secure adequate staffing levels, nurture volunteers, and strengthen the board of directors.
Deepen Collaborative Partnerships – Determine how to offer additional complementary, collaborative programs with other like-minded organizations.
Develop Financial Sustainability - Ensure larger and more diverse revenue streams for the organization as well as grow the income of local fiber artists and farmers.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

161.77

Average of 80.88 over 2 years

Months of cash in 2023 info

SOURCE: IRS Form 990

4.5

Average of 2.3 over 2 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

0%

Average of 0% over 2 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

LOCAL CLOTH INC

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

LOCAL CLOTH INC

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

LOCAL CLOTH INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of LOCAL CLOTH INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2023
Unrestricted surplus (deficit) before depreciation $91,199
As % of expenses 43.4%
Unrestricted surplus (deficit) after depreciation $91,199
As % of expenses 43.4%
Revenue composition info
Total revenue (unrestricted & restricted) $207,334
Total revenue, % change over prior year 0.0%
Program services revenue 93.3%
Membership dues 6.5%
Investment income 0.2%
Government grants 0.0%
All other grants and contributions 0.0%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $210,167
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 13.7%
Occupancy 17.8%
Interest 0.0%
Pass-through 0.0%
All other expenses 68.5%
Full cost components (estimated) info 2023
Total expenses (after depreciation) $210,167
One month of savings $17,514
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $227,681

Capital structure indicators

Liquidity info 2023
Months of cash 4.5
Months of cash and investments 4.5
Months of estimated liquid unrestricted net assets 3.4
Balance sheet composition info 2023
Cash $79,590
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 0.6%
Unrestricted net assets $59,434
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $19,664
Total net assets $79,098

Key data checks

Key data checks info 2023
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Chair and CEO

Judi Jetson

Judi Jetson is a fiberactivist with a community economic development focus. She's worked in job creation programs, for a national public interest group addressing issues like the farm crisis and rural economic development, joined the US Small Business Administration to develop a rural small business creation initiative, and in 2010 she combined of craft with her profession as an economic developer and went to work for HandMade in America. For 30 years she worked to help reinvent the economy in rural communities in order for them to survive and thrive, working in Appalachia, in medium and small towns throughout America, and for states in the Midwest and Southern US. For the past 10 years she’s led a nonprofit she helped found – Local Cloth - to grow the fiber economy in the mountains of Western North Carolina. Today she likes to knit, spin, dye, weave and make paper and loves yarnbombing.

Number of employees

Source: IRS Form 990

LOCAL CLOTH INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

LOCAL CLOTH INC

Board of directors
as of 02/02/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Judi Jetson

Joyce Tromba

Caroline Williford

Elizabeth Bell Strub

JoAnn Stanley

Beth Sellars

Denise Arcuri

Mary Euler

Peggy Newell

Ann Brown

Betsy Skinner

Peggy Eckel

Cecile Weta Jensen

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 11/18/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 03/09/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.