Patricia Arscott La Farge Foundation For Folk Art
- Assets
- $261.9k
- Revenue
- $37.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-2964357
Organization Overview
Patricia Arscott La Farge Foundation For Folk Art is located in Santa Fe, NM. The organization was established in 2008. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Patricia Arscott LA Farge Foundation For Folk Art 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 12/2022, Patricia Arscott LA Farge Foundation For Folk Art generated $37.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $49.6k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH CENTER - HAVING THE PAL GIFT SHOP OPEN AT LEAST SEVERAL DAYS A WEEK HAS HELPED IMPROVE AWARENESS AND UTILIZATION OF THE RESEARCH CENTER (LIBRARY AND ARCHIVE). IN 2022, THE FOUNDATION ACQUIRED LIBRARY AND ARCHIVAL SUPPLIES NECESSARY TO PROCESS AND STORE DONATED BOOKS.
YOUTH - THE FOUNDATION HOSTED A HIGH SCHOOL INTERN FROM SANTA FE, NEW MEXICO FROM IN THE SUMMER OF 2022. THE FOUNDATION SUBSEQUENTLY ESTABLISHED A TRAVEL GRANT PROGRAM THAT HELPED DEFRAY THE COST OF A SCHOOL TRIP TO OAXACA, MEXICO FOR FIVE STUDENTS.
PAL GIFT SHOP - THE GIFT SHOP SOLD FOLK ART MADE BY INDIGENOUS ARTISTS, BOTH PROVIDING FINANCIAL ASSISTANCE TO THOSE ARTISTS AND IMPROVING AWARENESS OF FOLK ART IN THE SANTA FE COMMUNITY. DAY OF THE DEAD PROPS AND OFRENDA ELEMENTS WERE LOANED TO A LIBRARY FOR A MOVIE ABOUT MULTI-CULTURAL FRIENDSHIPS.
EXHIBITION - THE OAXACA FILM WAS COMPLETED DURING THE FIRST HALF OF 2021. IT IS AVAILABLE ON THE FOUNDATION'S WEBSITE. WORK WAS ALSO COMPLETED ON A NEW WEBSITE THAT INCLUDED AN ONLINE SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Arscott Lafarge President Emeritus | 2 | $0 | |
Sarah Lincoln Heartt President & Treasurer | 20 | $0 | |
Barbara Mauldin PHD Secretary | 0.25 | $0 | |
Connie Jaquith Director | 0.25 | $0 | |
Cathy Campbell Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,901 |
| Interest on Savings | $13 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,944 |
| Other Income | $0 |
| Total Revenue | $37,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $50 |
| Occupancy | $24,785 |
| Travel, conferences, and meetings | $643 |
| Printing and publications | $0 |
| Other expenses | $14,758 |
| Total operating and administrative expenses | $44,569 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $49,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,170 |
| Savings and temporary cash investments | $53,215 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $178,771 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $22 |
| Other assets | $23,708 |
| Total assets | $261,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Patricia Arscott La Farge Foundation For Folk Art has awarded $10,186 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF NEW MEXICO FOUNDATION PURPOSE: SUPPORT CONTINUATION OF THE AFTER-SCHOOL PROGRAM HOSTED BY THE MUSEUM OF INTERNATIONAL FOLK ART. | $5,000 |
THE FOOD DEPOT PURPOSE: DONATE PRINTER FOR TRANSFER BY TFD TO ONE OF ITS PARTNER ORGANIZATIONS. | $93 |
THE FOOD DEPOT PURPOSE: DONATE PRINTER FOR TRANSFER BY TFD TO ONE OF ITS PARTNER ORGANIZATIONS. | $93 |
MUSEUM OF NEW MEXICO FOUNDATION PURPOSE: SUPPORT CONTINUATION OF THE AFTER-SCHOOL PROGRAM HOSTED BY THE MUSEUM OF INTERNATIONAL FOLK ART. | $5,000 |