Folklore Village Farm Inc
- Assets
- $428.3k
- Revenue
- $311.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Dodgeville, WI
- Founding
- 01/1973
- Data as of
- 12/2022
- EIN
- 39-1167942
Organization Overview
Folklore Village Farm Inc is located in Dodgeville, WI. The organization was established in 1973. 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, Folklore Village Farm Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folklore Village Farm Inc 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, Folklore Village Farm Inc generated $311.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $293.3k during the year ending 12/2022. While expenses have increased by 2.6% 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
TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO HONOR, EXPERIENCE AND SUPPORT ETHNIC AND TRADITIONAL FOLKLIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS - CELEBRATIONS OF SEASONAL ETHNIC/CULTURAL TRADIONS; ETHNIC MUSIC, DANCE AND FOOD
PROGRAMS - FOLKLIFE EDUCATION PROGRAMS AND WORKSHOPS
SCHOOL PROGRAMS - PROGRAMS FOR ELEMENTARY SCHOOL CHILDREN THAT TEACH HISTORY AND CULTURE THROUGH CRAFTS, MUSIC AND DANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Murphy Kantor Director | Trustee | 1 | $0 |
Jason Busniewski Director | Trustee | 1 | $0 |
John Parejko Director | Trustee | 1 | $0 |
Hank Kulesza Director | Trustee | 1 | $0 |
Tamara Funk Director | Trustee | 1 | $0 |
Steve Pike Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,089 |
| Related organizations | $0 |
| Government grants | $2,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,171 |
| Total Program Service Revenue | $72,878 |
| Investment income | $149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,257 |
| 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 | $1,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,924 |
| 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. | $52,444 |
| Compensation of current officers, directors, key employees. | $7,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,891 |
| Advertising and promotion | $0 |
| Office expenses | $7,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,152 |
| Travel | $458 |
| 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 | $8,233 |
| Insurance | $16,708 |
| All other expenses | $10,167 |
| Total functional expenses | $293,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,048 |
| Savings and temporary cash investments | $30,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $185,274 |
| Investments—publicly traded securities | $17,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,608 |
| Total assets | $428,306 |
| Accounts payable and accrued expenses | $4,729 |
| 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 | $0 |
| Other liabilities | $1,065 |
| Total liabilities | $5,794 |
| Net assets without donor restrictions | $382,066 |
| Net assets with donor restrictions | $40,446 |
| 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 | $428,306 |