New York Folklore Society
- Assets
- $95.9k
- Revenue
- $755.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Schenectady, NY
- Founding
- 11/1980
- Data as of
- 12/2023
- 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 12/2023, New York Folklore Society employed 6 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 12/2023, New York Folklore Society generated $755.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $681.0k during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
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 Director | OfficerTrustee | 40 | $71,523 |
Wildredo Morel President | OfficerTrustee | 2 | $0 |
Maria Kennedy Vice President | OfficerTrustee | 2 | $0 |
James Hall Treasurer | OfficerTrustee | 2 | $0 |
Aaron Paige Secretary | OfficerTrustee | 2 | $0 |
Evelyn D'agostino-Sasso Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,545 |
| Fundraising events | $330 |
| Related organizations | $0 |
| Government grants | $528,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $706,951 |
| Total Program Service Revenue | $38,775 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $469 |
| 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 | $8,878 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,250 |
| Grants and other assistance to domestic individuals. | $177,852 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,523 |
| Compensation of current officers, directors, key employees. | $7,152 |
| Compensation to disqualified persons | $115,866 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,657 |
| Other employee benefits | $9,651 |
| Payroll taxes | $14,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $460 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,779 |
| Advertising and promotion | $2,641 |
| Office expenses | $5,026 |
| Information technology | $10,142 |
| Royalties | $0 |
| Occupancy | $22,392 |
| Travel | $10,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,257 |
| Interest | $443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,644 |
| Insurance | $2,937 |
| All other expenses | $1,076 |
| Total functional expenses | $681,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8,912 |
| Savings and temporary cash investments | $25 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,263 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $95,930 |
| Accounts payable and accrued expenses | $49 |
| Grants payable | $0 |
| Deferred revenue | $2,308 |
| 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 | $12,447 |
| Total liabilities | $14,804 |
| Net assets without donor restrictions | $81,126 |
| 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 | $95,930 |
Grants Awarded
Over the last fiscal year, New York Folklore Society has awarded $33,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WEST HILL REFUGEE WELCOME CENTER PURPOSE: Sponsor | $14,250 |
1368 E 89TH ST PURPOSE: Sponsor | $19,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reka Darida Foundation New York, NY | $10,982,188 | $2,070,120 |
Mudflat Pottery School Inc Somerville, MA | $3,747,035 | $1,347,172 |
New York Folklore Society Schenectady, NY | $95,930 | $755,484 |
Danceflurry Organization Inc Latham, NY | $370,787 | $480,990 |
Rose Valley Folk Rose Valley Rose Valley, PA | $1,157,937 | $323,428 |
Stillwood Study Center Palmyra, NY | $1,170,959 | $108,797 |
Bayberry Quilters Of Cape Cod East Dennis, MA | $113,368 | $0 |
Country Dance And Song Society Inc Montague, MA | $166,298 | $0 |
The Folk Song Society Of Greater Boston Inc Acton, MA | $28,533 | $0 |
Schuylkill County Quilters Guild Schuylkill Haven, PA | $14,083 | $0 |
Dublin Seminar For New England Folklife Inc Attleboro, MA | $43,063 | $4,250 |