Philadelphia Folklore Project
- Assets
- $759.8k
- Revenue
- $186.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 10/1989
- Data as of
- 08/2021
- EIN
- 23-2568080
Organization Overview
Philadelphia Folklore Project is located in Philadelphia, PA. The organization was established in 1989. 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 08/2021, Philadelphia Folklore Project employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Folklore Project 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 08/2021, Philadelphia Folklore Project generated $186.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $273.8k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 years. 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
THE PHILADELPHIA FOLKLORE PROJECT WORKS TO SUSTAIN VITAL AND DIVERSE LIVING CULTURAL HERITAGE IN COMMUNITIES IN OUR REGION THROUGH COLLABORATIVE PROJECTS, RESEARCH, DOCUMENTATION AND EDUCATION, PRIORITIZING FOLK AND TRADITIONAL ARTS IN SERVICE OF SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, RESOURCES, TECHNICAL SUPPORT, PUBLIC PROGRAMS, WORKSHOPS AND PERFORMANCES PROVIDED TO THE GENERAL PUBLIC AND FOLK ARTISTS TO ENHANCE PUBLIC AWARENESS OF LOCAL FOLK CULTURES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naomi Sturm-Wijesinghe Current Director | OfficerTrustee | 40 | $67,000 |
Jeannine Osayande Co-Board Chair | OfficerTrustee | 2 | $0 |
Saundra Gilliard Co-Board Chair | OfficerTrustee | 2 | $0 |
Rechelle Mcjett Beatty Treasurer & Secretery | OfficerTrustee | 2 | $0 |
Dr Fariha Khan Member | Trustee | 2 | $0 |
Carole Boughter Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,713 |
| Total Program Service Revenue | $27,000 |
| Investment income | $446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $3,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,667 |
| Payroll taxes | $15,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,528 |
| Office expenses | $11,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,300 |
| Travel | $704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,397 |
| Insurance | $6,186 |
| All other expenses | $9,354 |
| Total functional expenses | $273,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,314 |
| Savings and temporary cash investments | $334,888 |
| Pledges and grants receivable | $139,500 |
| 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 | $888 |
| Net Land, buildings, and equipment | $180,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $759,838 |
| Accounts payable and accrued expenses | $16,032 |
| Grants payable | $0 |
| Deferred revenue | $11,034 |
| 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 | $0 |
| Total liabilities | $27,066 |
| Net assets without donor restrictions | $626,105 |
| Net assets with donor restrictions | $106,667 |
| 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 | $759,838 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Philadelphia Folklore Project has recieved totaling $135,000.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT FOR FISCAL YEARS 2020, 2021, AND 2022 | $50,000 |
University Of The Arts Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $48,000 |
William Penn Foundation Philadelphia, PA PURPOSE: RELIEF AND RECOVERY SUPPORT | $35,000 |
The Nararo Foundation Philadelphia, PA PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Shed Nyc Inc New York, NY | $621,442,218 | $102,270,782 |
Westchester Academic Library Directors Organization Inc New York, NY | $47,276,623 | $38,534,511 |
Pro Publica Inc New York, NY | $60,782,681 | $36,005,300 |
Pittsburgh Trust For Cultural Resources Pittsburgh, PA | $189,016,990 | $50,601,813 |
Dia Center For The Arts Inc New York, NY | $215,209,262 | $19,693,933 |
Munson-Williams-Proctor Arts Institute Utica, NY | $139,434,457 | $25,944,561 |
Bethel Woods Center For The Arts Inc Liberty, NY | $30,099,296 | $24,809,456 |
Artsquest Bethlehem, PA | $46,615,180 | $27,430,533 |
Lincoln Park Performing Arts Center Midland, PA | $37,610,958 | $11,880,429 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |