2026-01-28T12:11:49-00:00 2025-06-30 611313575 William W Cox CPA 131 Nahm St 4 Paducah KY 42001 990 2024-07-01 611193387 The National Quilt Museum Inc NATI 2704428856 215 Jefferson Street Paducah KY 42001 Bonnie Schrock Executive Director 2704428856 2026-01-19 true true William W Cox P00294009 2704440410 2026-01-28 X 2024 2025-03-06 01:10:19Z Bonnie Schrock 215 Jefferson Paducah KY 42001 1653004 false X quiltmuseum.org X 1991 KY To promote the study and appreciation of comtemporary quilts 4 4 17 30 0 -22987 400781 721804 398658 440449 10575 12799 187300 241845 997314 1416897 0 0 426832 524566 0 94936 491451 513330 918283 1037896 79031 379001 5979104 6863795 55015 560705 5924089 6303090 The National Quilt Museum is a non-profit institution established to educate, promote, and honor todays quiltmakers. false false 735904 656732 Museum provided programs and services educating the local, national, and international public about the art, history, and heritage of quiltmaking. 41625 27646 Presented exhibits on site and throughout the country to educate the public about the art, history, and heritage of quiltmaking, including the diversity of quilts and their makers. 777529 true true false false false false false true false true true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false true true false false false false false false false true 0 0 true 17 true true true false false false false false false false false false false false X 4 4 true false false false false false false true true false false true true true true true true true true false X The National Quilt Museum Inc 2704428856 215 Jefferson Street Paducah KY 42001 Bonnie Schrock Executive Director 040.00 X X 114386 0 0 Meredith Schroeder Board President 005.00 X X 0 0 0 Barbara Veazey Vice President 005.00 X X 0 0 0 Lynn Loyd Secretary 005.00 X X 0 0 0 John Durbin Treasurer 005.00 X X 0 0 0 114386 1 false false false 8997 40338 672469 31500 721804 Admissions 900099 408103 412803 Exhibits and misc. 900099 27646 27646 Other revenue 900099 4700 4700 440449 12799 12799 8997 2084 -2084 477952 234023 243929 243929 1416897 701877 0 0 0 0 114386 11439 68631 34316 0 368361 314918 34977 18466 0 469 317 101 51 41350 27954 8875 4521 0 0 15722 15722 0 0 16400 10279 1303 4818 151271 125555 3025 22691 13940 9061 4182 697 0 0 99956 93204 4878 1874 3792 3792 0 0 126 126 0 111014 105464 3330 2220 39023 28877 10146 Other expenses 13198 8836 4152 210 Exhibit and workshop expenses 48888 41625 2191 5072 0 1037896 777529 165431 94936 309770 449868 506536 164805 130314 10019 11030 4752743 1527587 2986833 3225156 8266 9980 36750 36750 2462661 2494161 5979104 6863795 55015 40705 520000 55015 560705 X 5883110 6261584 40979 41506 5924089 6303090 5979104 6863795 379001 X false true X true false X 408401 578944 458912 353581 332913 2132751 404046 712662 731565 880828 886055 3615156 812447 1291606 1190477 1234409 1218968 5747907 40000 40000 80250 20492 40338 221080 40000 40000 80250 20492 40338 221080 5526827 1051 908 6207 10575 12799 31540 0 1051 908 6207 10575 12799 31540 0 0 813498 1292514 1196684 1244984 1231767 5779447 0.95630 0.95710 0.00550 0.00360 X Part III Section A Line 1 Received an unusal grant to replace the roof of the museum. The amount of this grant was 348,394. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31500 2347216 X X X X false false 36750 36750 36750 36750 36750 36750 36750 36750 36750 36750 1.00000 false false 660000 660000 3887996 1327578 2560418 204747 200009 4738 3225156 Financial derivatives and other financial products Closely-held equity interests Quilt collection 2347216 Non-depreciable artwork 146945 2494161 Federal income taxes Deferred revenue- workshops, exhibits, and grants 520000 520000 X 1416897 1416897 1416897 1037896 1037896 1037896 III 4 The collection of the musuem is composed of over 700 quilts which are valued at either their cost or at the appraised fair value at the time of the contributions. Quilts are displayed in the gallery of the museum on a rotating basis. They may also be on loan as traveling exhibits to other musuems. The collection serves to allow the public to discover the art, history, and heritage of quiltmaking and preserves the art for future generations. V 4 The endowment funds was donor established to provide scholarships for quilters to attend the NQM workshops. During FYE 2016, the donor agreed to amend the purpose to state that earnings may provide funding for youth and adult educational efforts. X 2 From footnotes to audited financial statements- The museum is exempt from Federal income tax under IRS Code Section 501C3, except for net income derived from unrelated business activities. The museum incurs a nominal amount of unrelated business income tax UBIT which is not material to the financial statements and is not reported as a separate provision for income tax expense but is included in other expenses. Management believes that is has appropriate support for any tax positions taken, and as such, does not have any uncertain tax postions that are material to the financial statements. XI 4B Special events expense netted with income -2,084 XII 4b Special events expenses netted with income -2084 false false false false false false X 1 31500 Opinion of expert false true false Form 990, Part VI, Section Section A, Line Line 2 Board member Meredith Schroeder is the mother of board member Lynn Loyd. Form 990, Part VI, Section Section B, Line Line 11B Copy of the form 990 was provided to board members for review prior to its submission Form 990, Part VI, Section Section B, Line Line 12C Reviewed annually by Board of Directors. Form 990, Part VI, Section Section B, Line Line 15 Policy not in place at the time of hiring current key employee, but salary reviews currently include comparison to available studies and date compiled from local sources. Form 990, Part VI, Section Section C, Line Line 19 Form 990 available upon request at the business office.