Folklore Village Farm Inc
- Assets
- $436.4k
- Revenue
- $227.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Dodgeville, WI
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 39-1167942
Organization Overview
Folklore Village Farm Inc is located in Dodgeville, WI. The organization was established in 1973. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Folklore Village Farm Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folklore Village Farm Inc 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 12/2021, Folklore Village Farm Inc generated $227.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $189.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO HONOR, EXPERIENCE AND SUPPORT ETHNIC AND TRADITIONAL FOLKLIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS - CELEBRATIONS OF SEASONAL ETHNIC/CULTURAL TRADIONS; ETHNIC MUSIC, DANCE AND FOOD
PROGRAMS - FOLKLIFE EDUCATION PROGRAMS AND WORKSHOPS
SCHOOL PROGRAMS - PROGRAMS FOR ELEMENTARY SCHOOL CHILDREN THAT TEACH HISTORY AND CULTURE THROUGH CRAFTS, MUSIC AND DANCE.
FESTIVALS - CELEBRATIONS OF SEASONAL ETHNIC/CULTURAL TRADIONS; ETHNIC MUSIC, DANCE AND FOOD
PROGRAMS - FOLKLIFE EDUCATION PROGRAMS AND WORKSHOPS
SCHOOL PROGRAMS - PROGRAMS FOR ELEMENTARY SCHOOL CHILDREN THAT TEACH HISTORY AND CULTURE THROUGH CRAFTS, MUSIC AND DANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Helt-Baldwin President Treasurer | Officer | 2 | $0 |
Maria Terres Past Presdient | Officer | 1 | $0 |
Kim Murphy Kantor Director | Trustee | 1 | $0 |
Hank Kulesza Director | Trustee | 1 | $0 |
Jason Busniewski Directo | Trustee | 1 | $0 |
Steve Pike Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $462 |
| Related organizations | $0 |
| Government grants | $60,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,916 |
| Total Program Service Revenue | $30,064 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,372 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,232 |
| 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. | $49,637 |
| Compensation of current officers, directors, key employees. | $7,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,434 |
| Fees for services: Management | $112 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,909 |
| Advertising and promotion | $912 |
| Office expenses | $6,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,953 |
| Travel | $0 |
| 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 | $6,658 |
| Insurance | $15,558 |
| All other expenses | $10,133 |
| Total functional expenses | $189,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,693 |
| Savings and temporary cash investments | $81,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,021 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $163,237 |
| Investments—publicly traded securities | $10,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,608 |
| Total assets | $436,435 |
| Accounts payable and accrued expenses | $5,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,065 |
| Total liabilities | $6,123 |
| Net assets without donor restrictions | $377,704 |
| Net assets with donor restrictions | $52,608 |
| 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 | $436,435 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Folklore Village Farm Inc has recieved totaling $10,055.
| Awarding Organization | Amount |
|---|---|
Morton Foundation Lafayette, CA PURPOSE: TO SUPPORT EDUCATIONAL OPPORTUNITIES | $5,000 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: FOLKLORE VILLAGE "HEALTHY HOEDOWN" BARN DANCES AND SATURDAY NIGHT SOCIALS | $3,500 |
Claremont S Jackman Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
Flint Cultural Center Corporation Inc Flint, MI | $82,664,438 | $21,920,278 |
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Brucemore Inc Cedar Rapids, IA | $18,035,244 | $1,902,736 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |