Texas Folklife Resources
- Assets
- $662.7k
- Revenue
- $653.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 07/1985
- Data as of
- 12/2021
- EIN
- 74-2360058
Organization Overview
Texas Folklife Resources is located in Austin, TX. The organization was established in 1985. 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 12/2023, Texas Folklife Resources employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Folklife Resources 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, Texas Folklife Resources generated $653.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $641.8k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A STATEWIDE NON-PROFIT ORGANIZATION DEDICATED TO PRESERVING AND PRESENTING THE DIVERSE CULTURES AND LIVING HERITAGE OF THE LONE STAR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS FOLKLIFE WORKS ACROSS THE STATE OF TEXAS WITH A VARIETY OF COMMUNITY PARTNERS TO CULTIVATE PRESENT AND EMBOLDEN THE STATE'S RICH CULTURAL LEGACY THROUGH A VIBRANT MIX OF PUBLIC PROGRAMS AND INITIATIVES INCLUDING: *PERFORMANCES *EXHIBITIONS *EDUCATION PROGRAMS & CURRICULUM MATERIALS *APPRENTICESHIPS *MULTIMEDIA PROJECTS *FISCAL SPONSORSHIPS *FOLK AND TRADITIONAL ARTS INFRASTRUCTURE BUILDING *ARCHIVE PRESERVATION PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Jackson Board Chair | OfficerTrustee | 1 | $0 |
Linda Ho Peche Vicechair | OfficerTrustee | 1 | $0 |
Sean Hale Treasurer | OfficerTrustee | 1 | $0 |
Nydia Tapiagonzales Secretary | OfficerTrustee | 1 | $0 |
Lisa Marie Avendano Member | Trustee | 1 | $0 |
Tom Ellis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,978 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,231 |
| Total Program Service Revenue | $22,734 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $131,901 |
| 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 | $1,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $31,057 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,504 |
| Compensation of current officers, directors, key employees. | $38,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,261 |
| Pension plan accruals and contributions | $1,350 |
| Other employee benefits | $3,624 |
| Payroll taxes | $16,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $26,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,283 |
| Advertising and promotion | $10,452 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,546 |
| Travel | $8,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,178 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,921 |
| Insurance | $3,600 |
| All other expenses | $8,918 |
| Total functional expenses | $641,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,575 |
| Savings and temporary cash investments | $19,985 |
| Pledges and grants receivable | $91,213 |
| Accounts receivable, net | $1,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,845 |
| Net Land, buildings, and equipment | $325,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $662,734 |
| Accounts payable and accrued expenses | $29,038 |
| 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 | $378,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,230 |
| Total liabilities | $456,173 |
| Net assets without donor restrictions | $147,528 |
| Net assets with donor restrictions | $59,033 |
| 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 | $662,734 |