New England Folk Festival Association Inc
- Assets
- $354.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Acton, MA
- Founding
- 09/1954
- Data as of
- 07/2022
- EIN
- 04-6073082
Organization Overview
New England Folk Festival Association Inc is located in Acton, MA. The organization was established in 1954. 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. New England Folk Festival Association 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 07/2022, New England Folk Festival Association Inc generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $49.5k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
SEE PRIMARY EXEMPT PURPOSE, SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Yeracaris President | 15 | $0 | |
Nancy Smith Worthen Secretary | 10 | $0 | |
Lori Fassman Treasurer | 15 | $0 | |
Liz Nelson Director | 2 | $0 | |
Rich Sbardella Director-Nominating Comm | 2 | $0 | |
Dana Sussman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,966 |
| Total Program Service Revenue | $5,897 |
| Membership dues | $1,723 |
| Investment income | $17,523 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,275 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,650 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,886 |
| Total expenses | $49,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $354,459 |
| Other assets | $0 |
| Total assets | $354,459 |
| Total liabilities | $0 |
| Net assets or fund balances | $354,459 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New England Folk Festival Association Inc has recieved totaling $20,200.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,100 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,100 |
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Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
City Lore Inc New York, NY | $1,966,661 | $4,516,520 |
New Haven International Festival Of Arts & Ideas Inc New Haven, CT | $2,354,201 | $4,042,570 |
Restart Factory Inc New York, NY | $6,049,280 | $3,828,840 |
Worcester Center For Performing Arts Inc Worcester, MA | $9,482,034 | $7,443,487 |
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