Philadelphia Folksong Society
- Assets
- $146.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 09/1962
- Data as of
- 12/2022
- EIN
- 23-6296972
Organization Overview
Philadelphia Folksong Society is located in Philadelphia, PA. The organization was established in 1962. 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 12/2022, Philadelphia Folksong Society employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Folksong 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 12/2022, Philadelphia Folksong Society generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PHILADELPHIA FOLKSONG SOCIETY (PFS) IS DEDICATED TO PRESERVING THE PAST, PROMOTING THE PRESENT, AND SECURING THE FUTURE OF FOLK MUSIC AND RELATED FORMS OF EXPRESSION THROUGH EDUCATION, PRESENTATION AND PARTICIPATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHILADELPHIA FOLK FESTIVAL IS THE MOST VISIBLE OF THE PROGRAMS THAT PFS EXECUTES. PFF IS THE OLDEST CONTINUOUSLY RUN OUTDOOR MUSIC FESTIVAL IN ALL OF NORTH AMERICA, HELD IN AUGUST EACH YEAR. THE FESTIVAL SHOWCASES OVER 100 ARTISTS. THE FESTIVAL PRESENTS MUSIC GENRES OF ALTERNATIVE FOLK AMERICANA, BLUEGRASS, BLUES, CAJUN, CELTIC, COUNTRY FOLK, INDIE FOLK, JAZZ NATIVE, SINGER/SONGWRITER, WORLD, AND MORE. THE FESITIVAL ALSO PRESENTS A WIDE ARRAY OF EDUCTIONAL OPPORTUNITIES IN THE AREA OF PLAYING, SONGWRITING, PARTICIPATION, HISTORY AND TRADITIONS THROUGH WORKSHOPS AND PRESENTATIONS OF ARTISTS WHO SHARE BOTH HISTORY AND ORAL STORYTELLING.
THROUGHOUT THE YEAR, THE SOCIETY CONTINUES THEIR CORE MISSION THROUGH SEVERAL PROGRAMS. THE ODYSSEY OF AMERICAN MUSIC EDUCATION PROGRAM BRINGS MUSIC LESSONS, INSTRUMENT LESSONS, AND CONCERTS TO CLASSROOMS. PROGRAMS ARE STRONGLY SITUATED IN THE HISTORY AND PLACE OF MUSIC HISTORY. THROUGH ITS SEASONAL HERITAGE RETREATS, PROGRAMS SUCH AS SPRING THING AND FALL FLING HAVE TRADITIONALLY PROVIDED MUSIC EDUCATION AND PARTICIPATION GIVING THE PUBLIC AN OPPORTUNITY FOR FOLK EXPRESSION. DUE TO COVID THESE PROGRAMS HAVE BEEN SUBSTANTIALLY SCALED BACK IF NOT PUT ON HOLD UNTIL IT IS SAFE TO GATHER AGAIN.
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Diamondstone President | OfficerTrustee | 3 | $0 |
Miles Thompson Vice President | OfficerTrustee | 3 | $0 |
Brenda Hillegas Secretary | OfficerTrustee | 3 | $0 |
Tim Snyder Treasurer | OfficerTrustee | 3 | $0 |
George Ehrgott Board Member | Trustee | 3 | $0 |
Constance Magnuson Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,226 |
| Total Program Service Revenue | $1,159,027 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,501,253 |
| 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. | $88,269 |
| Compensation of current officers, directors, key employees. | $8,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,784 |
| Payroll taxes | $0 |
| Fees for services: Management | $77,380 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,709 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,054 |
| Interest | $6,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,638 |
| Insurance | $24,985 |
| All other expenses | $824,292 |
| Total functional expenses | $1,774,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,785 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $67,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,027 |
| Total assets | $146,242 |
| Accounts payable and accrued expenses | $102,007 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $202,007 |
| Net assets without donor restrictions | -$70,040 |
| Net assets with donor restrictions | $14,275 |
| 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 | $146,242 |