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Nonprofit · EIN 56-1303596

CRAFT YARN COUNCIL OF AMERICA INC

Tax-exempt · CARROLLTON, TX 75007

Financials

$275K$223K2023$257K$216K2024
Revenue Expenses · by fiscal year end
Financials of CRAFT YARN COUNCIL OF AMERICA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$256,851$216,436$40,415$226,187$2,522$223,665
March 31, 2024990$274,951$222,890$52,061$193,325$10,075$183,250
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$211,500
Membership dues
$211,500
Program service revenue
$45,348
Investment income
$3
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$92,378
Other salaries and wages
$52,734
Salaries, compensation and benefits (total)
$157,422
Professional fundraising fees
$0
Occupancy
$14,454
Program services (functional)
$95,507
Management and general (functional)
$120,929

Balance sheet and other

Total assets, start of year
$193,325
Total assets, end of year
$226,187
Total liabilities, end of year
$2,522
Net assets, end of year
$223,665
Net assets without donor restrictions
$223,665
Gross receipts
$256,851
Employees
2
Year formed
1981
State of legal domicile
TX

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Jenny A BessonetteExecutive Director
Officer
40$92,377
David BlumenthalDirector
Trustee or director
0$0
Jan KahnDirector
Trustee or director
0$0
Paulo SantosDirector
Trustee or director
0$0
Kylee PetersDirector
Trustee or director
0$0
Richard EzraChairman
Trustee or director
0$0
Chris MillsDirector
Trustee or director
0$0
Adam BlumenthalDirector
Trustee or director
0$0
Tyra DerrDirector
Trustee or director
0$0
Laura ZanderDirector
Trustee or director
0$0
990 for the year ended March 31, 2024: 10 people
NameTitleHours / weekCompensation
Jenny A BessonetteExecutive Director
Officer
40$89,197
Adam BlumenthalDirector
Trustee or director
0$0
Chris MillsDirector
Trustee or director
0$0
Laura ZanderDirector
Trustee or director
0$0
Tyra DerrDirector
Trustee or director
0$0
Richard EzraChairman
Trustee or director
0$0
Jan KahnDirector
Trustee or director
0$0
David BlumenthalDirector
Trustee or director
0$0
Kylee PetersDirector
Trustee or director
0$0
Paulo SantosDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
3740 N JOSEY LN STE 126, CARROLLTON, TX 75007-2495
In care of
% JENNY A BESSONETTE
Principal officer (990 for 2024)
Jenny A Bessonette, 3740 N Josey LN Ste 126, Carrollton, TX 750072406
Signed the 990
JENNY A BESSONETTE, Executive Director
Phone
(469) 964-4525
Return prepared by
Stokes and Powell CPAs LLC

Mission

See Sch O

990 for the year ended March 31, 2025

Program accomplishments

  • The council also maintains a database of CIP graduates and alerts them to job opportunities in the communities. In addition, many graduates go on to find jobs teaching in retail stores or volunteering in schools and other venues on their own. By training teachers, the council is fulfilling the mandate of its members to raise awareness of yarn related skills such as knitting and crocheting while reaching and teaching new generations these worthwhile skills.
    Expenses $78,711
  • Industry Promotion Overview We actively promote and raise awareness for the yarn industry through educational workshops and participation in craft shows. Our current awareness campaigns include: Yarnsgiving A seasonal initiative that showcases a variety of yarn-based crafts to inspire creativity and encourage giving during the Thanksgiving holiday. I Love Yarn Day This campaign celebrates the joy and satisfaction that yarn and yarn-related crafts bring. Consumers are invited to express their Love for Yarn by creating a yarn project or craft. Stitch Away Stress Focused on mental wellness, this campaign highlights the therapeutic benefits of knitting and crochet, helping raise awareness about how these crafts can support mental health.
    Expenses $11,167 · revenue $148,728
  • Classes are offered on-site or via correspondence and cover technical skills as well as the specifics of how to teach these skills to others. An on-site class includes between 15-17 hours of intensive hands-on instruction with a master teacher. The correspondence program covers the same information. Participants work is review personally by one of the programs master teachers through a combination of written work and telephone interviews. The program is also offered as part of the Fashion Institute of Technologys (FIT) continuing education program. FIT, which is based in New York City, offers CIP participants who complete the program degree credit(s).
    Expenses $5,629 · revenue $76,545
  • FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS Discover program this program, which launched in 2010, continues to be successful as an educational and promotional tool to increase knit and crochet projects. The craft yarn council has implemented a series of knit and crochet classes from beginner to advanced classes and from kids to senior adults available for all through the internet. Graduates of the councils certified Instructors program (CIP) teach classes and share a passion for knitting and crocheting and for teaching others to discover the fun and therapeutics of knitting and crocheting. The CYC staff works with the teachers, Crafts Associates in the U.S. and Canada, and the members of the council. Together they designed a series of knit and crochet classes.
    revenue $30,365
  • FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES DESCRIPTION Certified Instructors Program (CIP) initiated in 1982. The goal of the CIP is to train knitters and crocheters who have good basic skills in these craft to gain the knowledge and confidence to teach others. There are two separate programs: a) knitting and b) crocheting. There are three levels to each CIP Program: instructor, teacher, and professional.
    revenue $9

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 yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
56-1303596
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1983
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$226,187
Income (IRS master file)
$256,851

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$256,851$216,436$226,187IRS
990March 2024$274,951$222,890$193,325XML
990March 2023$176,554$301,336$136,361IRS
990March 2022–––IRS
990March 2021–––IRS
990March 2019–––IRS
990March 2018–––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 56-1303596).

Questions about CRAFT YARN COUNCIL OF AMERICA INC

What is the EIN of CRAFT YARN COUNCIL OF AMERICA INC?
The employer identification number (EIN) of CRAFT YARN COUNCIL OF AMERICA INC is 56-1303596.
Is CRAFT YARN COUNCIL OF AMERICA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
Are donations to CRAFT YARN COUNCIL OF AMERICA INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CRAFT YARN COUNCIL OF AMERICA 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 CRAFT YARN COUNCIL OF AMERICA INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CRAFT YARN COUNCIL OF AMERICA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of CRAFT YARN COUNCIL OF AMERICA INC?
The 990 for the year ended March 31, 2025 names Jenny A Bessonette.
Who are the officers and directors of CRAFT YARN COUNCIL OF AMERICA INC?
The 990 for the year ended March 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $92,377 (Jenny A Bessonette, Executive Director).
How much revenue does CRAFT YARN COUNCIL OF AMERICA INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $256,851, expenses of $216,436 and total assets of $226,187 at year end.

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