Folk Art Society Of America
- Assets
- $194.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 54-1415937
Organization Overview
Folk Art Society Of America is located in Richmond, VA. The organization was established in 1989. 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. Folk Art Society Of America 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, Folk Art Society Of America generated $41.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $51.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PUBLICATION OF FOLK ART MESSENGER, MAGAZINE, 600 CLIENTS, 3 TIMES A YEAR, EDUCATIONAL ARTICLE, REVIEWS, NEWS, PHOTOS, CALENDAR OF NATIONAL EVENTS, NO ADVERTISING. REVISION AND MAINTENANCE OF WEBSITE AND FACEBOOK PAGE, 60,000 VISITS A YEAR, ARTICLES, NEWS, PHOTOS, VIDEOS, CALENDAR, HISTORY OF ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Oppenhimer Executive Director | 40 | $0 | |
James Sellman President | 1 | $0 | |
William Oppenhimer Chief Financial Officer | 10 | $0 | |
Mary K Mcdonald Vice President | 0 | $0 | |
Barbara Sellman Member At Large | 0 | $0 | |
Mary Anne Deane Member At Large | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,369 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,760 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,129 |
| 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 | $17,795 |
| Occupancy, rent, utilities, and maintenance | $10,011 |
| Printing, publications, postage, and shipping | $22,147 |
| Other expenses | $1,556 |
| Total expenses | $51,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,010 |
| Other assets | $0 |
| Total assets | $194,010 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,010 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Folk Art Society Of America has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Foundation To Promote Self Taught Art Inc New York, NY PURPOSE: CHARITABLECHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |