Nonprofit · EIN 02-0238690
CRAFTSTUDIES INC
Tax-exempt · WHITE RIV JCT, VT 05001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $498,071 | $362,161 | $135,910 | $1,175,431 | $3,411 | $1,172,020 |
| March 31, 2025 | 990 | $359,913 | $353,861 | $6,052 | $1,049,933 | $4,575 | $1,045,358 |
| March 31, 2024 | 990 | $342,404 | $307,816 | $34,588 | $1,057,841 | $18,408 | $1,039,433 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $114,945
- Program service revenue
- $343,993
- Investment income
- $39,133
- Net gain from sales of assets
- $406
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,220
- Other salaries and wages
- $100,972
- Salaries, compensation and benefits (total)
- $204,180
- Professional fundraising fees
- $0
- Accounting fees
- $9,511
- Occupancy
- $72,358
- Depreciation
- $3,861
- Program services (functional)
- $328,118
- Management and general (functional)
- $33,117
- Fundraising (functional)
- $926
Balance sheet and other
- Total assets, start of year
- $1,049,933
- Total assets, end of year
- $1,175,431
- Total liabilities, end of year
- $3,411
- Net assets, end of year
- $1,172,020
- Land, buildings and equipment
- $60,963
- Publicly traded securities
- $653,180
- Net assets without donor restrictions
- $1,145,667
- Net assets with donor restrictions
- $26,353
- Gross receipts
- $509,244
- Employees
- 28
- Volunteers
- 20
- Year formed
- 1999
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Brahms | Executive Director Trustee or director, Officer | 40 | $84,252 |
| Sharon Gouveia Comeau | President Trustee or director, Officer | 4 | $0 |
| David Allen | Treasurer Trustee or director, Officer | 2 | $0 |
| Patricia Palao | Secretary Trustee or director, Officer | 2 | $0 |
| Mark Hardie | Director Trustee or director, Officer | 2 | $0 |
| Patricia Glowa | Director Trustee or director, Officer | 2 | $0 |
| David Goudy | Director Trustee or director, Officer | 2 | $0 |
| Amy Somerstein | Director Trustee or director, Officer | 2 | $0 |
| Tina Wendon | Director Trustee or director, Officer | 2 | $0 |
990 for the year ended March 31, 2025: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Brahms | Executive Director Trustee or director, Officer | 40 | $81,200 |
| Christina Wendon | President Trustee or director, Officer | 4 | $0 |
| Sharon Gouveia Comeau | Vice President Trustee or director, Officer | 2 | $0 |
| David Allen | Treasurer Trustee or director, Officer | 2 | $0 |
| Patricia Palao | Secretary Trustee or director, Officer | 2 | $0 |
| Mark Hardie | Director Trustee or director, Officer | 2 | $0 |
| Patricia Glowa | Director Trustee or director, Officer | 2 | $0 |
| Sarah Glass | Director Trustee or director, Officer | 2 | $0 |
| Amy Somerstein | Director Trustee or director, Officer | 2 | $0 |
990 for the year ended March 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Brahms | Executive Director Trustee or director, Officer | 40 | $80,039 |
| Tina Wendon | President Trustee or director, Officer | 4 | $0 |
| Sharon Gouveia Comeau | Vice President Trustee or director, Officer | 2 | $0 |
| David Allen | Treasurer Trustee or director, Officer | 2 | $0 |
| Chris McLeod | Secretary Trustee or director, Officer | 2 | $0 |
| Rosemary Orgren | Past President Trustee or director, Officer | 2 | $0 |
| Mark Hardie | Director Trustee or director, Officer | 2 | $0 |
| Patricia Glowa | Director Trustee or director, Officer | 2 | $0 |
| Patricia Palao | Director Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 87 MAPLE ST, WHITE RIV JCT, VT 05001-7039
- In care of
- % DONNA WILLIAMS
- Principal officer (990 for 2025)
- Lisa Brahms, 87 Maple Street, White River Junction, VT 05001
- Signed the 990
- Sharon Comeau, President
- Phone
- (802) 281-6273
- Return prepared by
- Charles F Morgan CPA PC
Mission
Education in Arts & Crafts
Program accomplishments
- Education to numerous individuals in various arts & crafts. The classes are taught by instructors that were compensated by tuition and grants.Expenses $328,118 · revenue $382,720
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0238690
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A400)
- Assets (IRS master file)
- $1,175,431
- Income (IRS master file)
- $509,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $498,071 | $362,161 | $1,175,431 | XML |
| 990 | March 2025 | $359,913 | $353,861 | $1,049,933 | XML |
| 990 | March 2024 | $342,404 | $307,816 | $1,057,841 | XML |
| 990 | March 2023 | $220,585 | $225,905 | $1,012,755 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0238690).
Questions about CRAFTSTUDIES INC
- What is the EIN of CRAFTSTUDIES INC?
- The employer identification number (EIN) of CRAFTSTUDIES INC is 02-0238690.
- Is CRAFTSTUDIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CRAFTSTUDIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CRAFTSTUDIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CRAFTSTUDIES INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRAFTSTUDIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of CRAFTSTUDIES INC?
- The 990 for the year ended March 31, 2026 names Lisa Brahms.
- Who are the officers and directors of CRAFTSTUDIES INC?
- The 990 for the year ended March 31, 2026 lists 9 people; 1 received compensation from the organization, the highest $84,252 (Lisa Brahms, Executive Director).
- How much revenue does CRAFTSTUDIES INC have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $498,071, expenses of $362,161 and total assets of $1,175,431 at year end.
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All nonprofits in WHITE RIV JCT · Vermont · Arts, culture and humanities