Weave a Real Peace

Nonprofit profile at a glance

EIN
731482301
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Seagrove, NC, USA
Phone
6606263154
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
International Cultural Exchange

Official website

Reported finances

Revenue
$113,966
Expenses
$136,055
Assets
$150,933

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

People named in this filing

  • BETH DAVIS (BOARD CO-CHA)
  • ROCIO MENA GUTIERREZ (BOARD CO-CHA)
  • CHERYL MUSCH (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educational: networking organization working to raise awareness of the importance of textile traditions to grass roots economies worldwide.

What it reported doing in 2024

Warp's annual meeting is an opportunity for members to meet in person to network, and is an essential part of how we achieve our networking and educational goals. We host 6-8 speakers from the local and international textile community, and the programs are live-broadcast for those who are not able to attend in person. Our scholarship program provides full funding for up to 5 students or young professionals who are invested in warp's mission to attend the meeting, and present their work. The meeting also includes discussion forms for networking, an international textile marketplace, and hands-on workshops.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 72.4%; rating input score 72

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -19.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 1.11; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 25.9%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 28.7% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 72.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $98K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.