The Folk Project
- Assets
- $220.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 22-2249977
Organization Overview
The Folk Project is located in Morristown, NJ. The organization was established in 1982. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folk Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Folk Project generated $121.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $156.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Lachowicz President | 2 | $0 | |
Paul Fisher Vice President | 2 | $0 | |
Margaret Karr Treasurer | 2 | $0 | |
Jeff Cantor Secretary | 2 | $0 | |
Michael Agranoff Chair | 2 | $0 | |
Mark Schaffer Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,173 |
| Total Program Service Revenue | $87,158 |
| Membership dues | $9,473 |
| Investment income | $4,376 |
| Gain or Loss | $6,942 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $146 |
| Total Revenue | $121,268 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $48,426 |
| Occupancy, rent, utilities, and maintenance | $45,499 |
| Printing, publications, postage, and shipping | $2,053 |
| Other expenses | $60,365 |
| Total expenses | $156,343 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $216,614 |
| Other assets | $0 |
| Total assets | $220,314 |
| Total liabilities | $7,777 |
| Net assets or fund balances | $212,537 |