Folk Education Association Of America Inc is located in Bighill, KY. The organization was established in 2019. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folk Education Association Of America 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, Folk Education Association Of America Inc generated $81.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $77.0k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTION OF FOLK EDUCATION
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Escobar President/director | 10 | $0 | |
Mary Cattani VP | 5 | $0 | |
Dawn Murphy Sec/director | 30 | $16,563 | |
Ryan Sartor Treas/director | 5 | $0 | |
Jerry Jackson Director | 2 | $0 | |
Kimberly Koburn Director | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,127 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,127 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,786 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,230 |
| Total expenses | $77,016 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,570 |
| Other assets | $0 |
| Total assets | $2,570 |
| Total liabilities | $889 |
| Net assets or fund balances | $1,681 |