New York Folklore Society
- Assets
- $22.3k
- Revenue
- $363.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Schenectady, NY
- Founding
- 11/1980
- Data as of
- 12/2021
- EIN
- 22-2172604
Organization Overview
New York Folklore Society is located in Schenectady, NY. The organization was established in 1980. According to its NTEE Classification (A24) the organization is classified as: Folk Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, New York Folklore Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Folklore Society 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, New York Folklore Society generated $363.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $369.0k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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
NEW YORK FOLKLORE SOCIETY PROVIDES TECHNICAL ASSISTANCE TO PROFESSIONAL FOLKLORISTS, TRADITIONAL ARTISTS, AND OTHER INDIVIDUALS AND ORGANIZATIONS INVOLVED WITH FOLKLORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ENCOURAGE THE STUDY AND CONTINUATION OF FOLKLORE OF THE DIVERSE CULTURES OF NEW YORK STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Mchale Executive Di | Officer | 40 | $67,258 |
Sandra A M Bell Director | Trustee | $0 | |
Aaron Paige Director | Trustee | $0 | |
Wilfredo Morel Director | Trustee | $0 | |
Maria Kennedy President | Trustee | 2 | $0 |
Mackenzie Kwok Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $244,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,906 |
| Total Program Service Revenue | $3,300 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $819 |
| Net Rental Income | $0 |
| 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 | $13,103 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $362,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $67,258 |
| Compensation of current officers, directors, key employees. | $6,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,095 |
| Pension plan accruals and contributions | $3,125 |
| Other employee benefits | $16,642 |
| Payroll taxes | $11,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,245 |
| Advertising and promotion | $1,666 |
| Office expenses | $11,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,659 |
| Travel | $25,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $475 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,667 |
| Insurance | $3,175 |
| All other expenses | $555 |
| Total functional expenses | $369,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,204 |
| Savings and temporary cash investments | $5,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $269 |
| Net Land, buildings, and equipment | $5,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $22,320 |
| Accounts payable and accrued expenses | $394 |
| Grants payable | $0 |
| Deferred revenue | $2,945 |
| 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 | $13,121 |
| Total liabilities | $16,460 |
| Net assets without donor restrictions | $5,860 |
| Net assets with donor restrictions | $0 |
| 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 | $22,320 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Folklore Society has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mudflat Pottery School Inc Somerville, MA | $3,797,378 | $1,147,770 |
Reka Darida Foundation New York, NY | $11,391,153 | $10,250,000 |
New York Folklore Society Schenectady, NY | $22,320 | $362,967 |
Rose Valley Folk Rose Valley Rose Valley, PA | $1,119,838 | $316,260 |
Stillwood Study Center Palmyra, NY | $1,118,881 | $75,457 |
Danceflurry Organization Inc Latham, NY | $187,105 | $0 |
Country Dance & Song Society Inc Lowell, VT | $15,388 | $0 |
Country Dance And Song Society Inc Montague, MA | $161,932 | $0 |
Bayberry Quilters Of Cape Cod Orleans, MA | $100,623 | $0 |
The Folk Song Society Of Greater Boston Inc Acton, MA | $25,819 | $0 |
Dublin Seminar For New England Folklife Inc Attleboro, MA | $44,331 | $5 |
Schuylkill County Quilters Guild Schuylkill Haven, PA | $14,083 | $0 |