GOLD2024

Española Valley Fiber Arts Center

Enriching and sustaining all fiber art traditions in beautiful Northern New Mexico.

aka EVFAC, New Mexico Fiber Arts Center, NMFAC   |   Española, NM   |  www.evfac.org
GuideStar Charity Check

Española Valley Fiber Arts Center

EIN: 85-0442395


Mission

Cultivating and supporting multi-generational participation in local, traditional, and contemporary Fiber Arts.

Notes from the nonprofit

Since achieving financial sustainability in 2022 and now with a slightly more robust staff, we are beginning to look optimistically towards long term strategic planning, and greater investments of time and energy into community outreach and education, specifically youth programs.

Ruling year info

1997

Director

Kim Zitzow

Main address

325 Paseo de Oñate

Española, NM 87532 USA

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EIN

85-0442395

Subject area info

Arts education

Visual arts

Population served info

Adults

Children and youth

NTEE code info

Visual Arts Organizations (A40)

Arts Education/Schools (A25)

Programs and results

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?

Education

The Española Valley Fiber Arts Center offers diverse programs for youth and adults in traditional fiber arts techniques, including weaving, spinning, dyeing, and colcha embroidery. The Center provides community education through demonstrations and workshops; and supports fiber artists economically via shows, consignment opportunities in our retail space, the Chimayo Weaving Apprenticeship program, and paid teacher trainings for our youth education program. We offer affordable equipment rental, supplies for purchase, free lectures, and reasonably priced classes with some scholarships available.

Population(s) Served
Adults
Children and youth

Where we work

  • Espanola, NM

  • New Mexico

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.

ary, table space, more than 30 looms, and can accommodate groups of 50 adults and 20 children at one time.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

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Financials

Española Valley Fiber Arts Center
Fiscal year: Jan 01 - Dec 31

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

Average of 1.33 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

Average of 0.6 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

%

Average of 5% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Española Valley Fiber Arts Center

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Española Valley Fiber Arts Center

Balance sheet

Fiscal Year: Jan 01 - Dec 31

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

Española Valley Fiber Arts Center

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Española Valley Fiber Arts Center’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.

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Business model indicators

Profitability info 2014 2015 2016 2017 2018
Unrestricted surplus (deficit) before depreciation $19,697 $26,677 $9,183 -$50,818 -$1,870
As % of expenses 9.2% 8.8% 3.0% -12.8% -0.4%
Unrestricted surplus (deficit) after depreciation $5,432 $12,406 -$4,992 -$64,510 -$19,975
As % of expenses 2.4% 3.9% -1.5% -15.7% -4.5%
Revenue composition info
Total revenue (unrestricted & restricted) $233,809 $328,598 $317,395 $345,484 $399,106
Total revenue, % change over prior year 9.1% 40.5% -3.4% 8.8% 15.5%
Program services revenue 52.7% 45.0% 60.3% 55.9% 61.4%
Membership dues 6.8% 4.7% 4.6% 5.2% 4.7%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 2.2% 9.7% 5.9% 9.1% 8.2%
All other grants and contributions 38.2% 38.4% 28.2% 29.9% 25.7%
Other revenue 0.0% 2.2% 1.1% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $214,112 $301,921 $308,212 $396,302 $427,566
Total expenses, % change over prior year 40.0% 41.0% 2.1% 28.6% 7.9%
Personnel 43.5% 36.0% 28.6% 31.2% 30.3%
Professional fees 11.9% 5.8% 2.1% 2.0% 13.6%
Occupancy 0.0% 0.0% 0.1% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 44.7% 58.2% 69.1% 66.8% 56.2%
Full cost components (estimated) info 2014 2015 2016 2017 2018
Total expenses (after depreciation) $228,377 $316,192 $322,387 $409,994 $445,671
One month of savings $17,843 $25,160 $25,684 $33,025 $35,631
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $57,671
Total full costs (estimated) $246,220 $341,352 $348,071 $443,019 $538,973

Capital structure indicators

Liquidity info 2014 2015 2016 2017 2018
Months of cash 1.7 2.0 1.2 0.7 0.8
Months of cash and investments 1.7 2.0 1.2 0.7 0.8
Months of estimated liquid unrestricted net assets 5.7 4.8 4.9 2.4 0.7
Balance sheet composition info 2014 2015 2016 2017 2018
Cash $29,532 $49,337 $31,232 $21,817 $28,652
Investments $0 $0 $0 $0 $0
Receivables $18 $0 $0 $0 -$817
Gross land, buildings, equipment (LBE) $401,868 $409,499 $415,440 $415,779 $473,450
Accumulated depreciation (as a % of LBE) 21.8% 24.9% 28.0% 31.2% 31.2%
Liabilities (as a % of assets) 1.3% 3.1% 2.1% 9.6% 17.0%
Unrestricted net assets $416,688 $429,094 $424,102 $359,592 $339,617
Temporarily restricted net assets $0 $0 $0 $0 $0
Permanently restricted net assets $0 $0 $0 $0 $0
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $416,688 $429,094 $424,102 $359,592 $339,617

Key data checks

Key data checks info 2014 2015 2016 2017 2018
Material data errors No No No No No

Operations

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

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Director

Kim Zitzow

Number of employees

Source: IRS Form 990

Española Valley Fiber Arts Center

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Española Valley Fiber Arts Center

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Española Valley Fiber Arts Center

Board of directors
as of 11/19/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dain Daller

Mark Bond

Leigh Alexander

Maria Jonsson

Roy Kady

Mary Pahl

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? Not applicable
  • 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? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 11/13/2023

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
Non-binary, Not transgender
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.