Patricia Arscott La Farge Foundation For Folk Art
- Assets
- $273.6k
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 10/2008
- Data as of
- 12/2021
- EIN
- 26-2964357
Organization Overview
Patricia Arscott La Farge Foundation For Folk Art is located in Santa Fe, NM. The organization was established in 2008. 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. Patricia Arscott LA Farge Foundation For Folk Art 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, Patricia Arscott LA Farge Foundation For Folk Art generated $54.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $64.5k during the year ending 12/2021. While expenses have increased by 16.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH CENTER - HAVING THE PAL GIFT SHOP OPEN AT LEAST SEVERAL DAYS A WEEK HAS HELPED IMPROVE AWARENESS AND UTILIZATION OF THE RESEARCH CENTER (LIBRARY AND ARCHIVE). THERE WERE NO SIGNIFICANT PROJECTS UNDERTAKEN IN THE RESEARCH CENTER IN 2021. WE SIMPLY MAINTAINED THE LIBRARY AND THE ARCHIVE AND ENCOURAGED USE OF THESE RESOURCES.
INTERNSHIP - THE FOUNDATION HOSTED A HIGH SCHOOL INTERN FROM SANTA FE, NEW MEXICO FROM JANUARY THROUGH MAY OF 2021. THE INTERN LEARNED ABOUT LATIN AMERICAN FOLK ART, MET COLLECTORS AND ARTISTS, AND GOT HER FEET WET WITH RUNNING A SMALL RETAIL OPERATION.
PAL GIFT SHOP - THE GIFT SHOP SOLD FOLK ART MADE BY INDIGENOUS ARTISTS, BOTH PROVIDING FINANCIAL ASSISTANCE TO THOSE ARTISTS AND IMPROVING AWARENESS OF FOLK ART IN THE SANTA FE COMMUNITY.
EXHIBITION - THE OAXACA FILM WAS COMPLETED DURING THE FIRST HALF OF 2021. IT IS AVAILABLE ON THE FOUNDATION'S WEBSITE. WORK WAS ALSO BEGUN ON A NEW WEBSITE THAT WILL INCLUDE AN ONLINE SHOP. THE NEW WEBSITE WILL LAUNCH IN JANUARY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Arscott Lafarge Founder & Honorary President | 2 | $0 | |
Sarah Lincoln Heartt President & Treasurer | 20 | $0 | |
Connie Jaquith Director | 0.25 | $0 | |
Kenneth Bateman Secretary | 0.25 | $0 | |
Barbara Mauldin PHD Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,773 |
| Interest on Savings | $25 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $9,943 |
| Other Income | $0 |
| Total Revenue | $54,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $119 |
| Occupancy | $33,619 |
| Travel, conferences, and meetings | $202 |
| Printing and publications | $0 |
| Other expenses | $20,951 |
| Total operating and administrative expenses | $59,480 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $64,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,950 |
| Savings and temporary cash investments | $58,202 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $182,665 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $72 |
| Other assets | $23,708 |
| Total assets | $273,597 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Patricia Arscott La Farge Foundation For Folk Art has awarded $5,093 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Fe, NM PURPOSE: SUPPORT CONTINUATION OF THE AFTER-SCHOOL PROGRAM HOSTED BY THE MUSEUM OF INTERNATIONAL FOLK ART. | $5,000 |
Santa Fe, NM PURPOSE: DONATE PRINTER FOR TRANSFER BY TFD TO ONE OF ITS PARTNER ORGANIZATIONS. | $93 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patricia Arscott La Farge Foundation For Folk Art has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
East Texas Communties Foundation Inc Tyler, TX PURPOSE: Arts, Culture | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mijente Support Committee Phoenix, AZ | $11,714,923 | $5,386,402 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |