Adirondack Folk School Incorporated
- Assets
- $348.9k
- Revenue
- $402.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Lake Luzerne, NY
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-2281324
Organization Overview
Adirondack Folk School Incorporated is located in Lake Luzerne, NY. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Adirondack Folk School Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack Folk School Incorporated 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, Adirondack Folk School Incorporated generated $402.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $355.5k during the year ending 12/2022. While expenses have increased by 8.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SINGLE PURPOSE ENTITY FORMED TO TEACH THE TRADITIONAL ARTS, CRAFTS AND CULTURE OF THE ADIRONDACK MOUNTAIN REGION OF THE STATE OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING YEAR ROUND CLASSES IN ADIRONDACK ARTS, CRAFTS AND CULTURE AT THE LAKE LUZERNE, NY LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Shea Trustee | Trustee | 3 | $0 |
Frank Lagace Thru July 2022 Trustee | Trustee | 3 | $0 |
Ginny Franzen Thru July 2022 Trustee | Trustee | 3 | $0 |
Jim Schreiner Trustee | Trustee | 3 | $0 |
John Kingsley Trustee | Trustee | 3 | $0 |
Karen Goldberg Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,546 |
| Total Program Service Revenue | $167,521 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,761 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,471 |
| Advertising and promotion | $33,279 |
| Office expenses | $17,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,290 |
| Travel | $7,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,645 |
| Insurance | $3,748 |
| All other expenses | $0 |
| Total functional expenses | $355,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,680 |
| Prepaid expenses and deferred charges | $1,564 |
| Net Land, buildings, and equipment | $78,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,965 |
| Total assets | $348,909 |
| Accounts payable and accrued expenses | $24,005 |
| Grants payable | $0 |
| Deferred revenue | $68,126 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,965 |
| Total liabilities | $102,096 |
| Net assets without donor restrictions | $51,298 |
| Net assets with donor restrictions | $195,515 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $348,909 |