The Folk School is located in Fairbanks, AK. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Folk School employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folk School 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, Folk School generated $314.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $203.8k during the year ending 12/2021. While expenses have increased by 9.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOLK SCHOOL, IN KEEPING WITH A 200-YEAR-OLD TRADITION, IS DEDICATED TO ENRICHING LIVES AND BUILDING COMMUNITY BY PASSING ON SKILLS AND PERSONAL KNOWLEDGE IN A NURTURING ENVIRONMENT. THE FOLK SCHOOL PROVIDES YEAR-ROUND, AFFORDABLE PROGRAMS IN A VARIETY OF HANDS-ON DISCIPLINES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A NON-COMPETITIVE, NURTURING, MULTIGENERATIONAL EDUCATIONAL MODEL THAT FOSTERS THE USE OF INDIGENOUS MATERIALS AND PROVIDES UNIQUE LEARNING OPPORTUNITIES, AND HONES SKILL-BASED CRAFTS SUCH AS WOODWORKING, SEWING, ART, COOKING, MUSIC, CREATIVE WRITING, AND MORE. PROVIDING AN ORGANIZATIONAL STRUCTURE AND SPACE FOR REGULAR, ONGOING HOME-SCHOOL CLASSES AND ACTIVITIES. SERVING AS A MEETING PLACE FOR CLUBS AND ORGANIZATIONS. ESTABLISHING LONG-TERM PROGRAMS THAT ENCOURAGE COMMUNITY INVOLVEMENT. PROVIDING SPACE FOR FAMILIES TO CREATE AND LEARN TOGETHER IN A HEALTHY, SLOW-PACED, HANDS-ON WAY. CREATING A SLOW, CREATIVE, THOUGHTFUL SPACE WHERE PEOPLE OF ALL AGES CAN LEARN SKILLS THAT TAKE TIME, PATIENCE, AND BASIC HUMAN CONNECTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Whalen Vice President | Officer | 1 | $0 |
Matt Labrenz Secretary | Officer | 2 | $0 |
Randall Rozier President | Officer | 1 | $0 |
Douglas Bishop Treasurer | Officer | 1 | $0 |
Jessica Austin Board Member | Trustee | 1 | $0 |
Gordon Williams Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $61,826 |
All other contributions, gifts, grants, and similar amounts not included above | $146,038 |
Noncash contributions included in lines 1a–1f | $40,707 |
Total Revenue from Contributions, Gifts, Grants & Similar | $207,864 |
Total Program Service Revenue | $106,048 |
Investment income | $399 |
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 | $314,311 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $59,505 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,457 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,666 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $51,732 |
Advertising and promotion | $6,842 |
Office expenses | $6,239 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $10,954 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,231 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,152 |
Insurance | $6,745 |
All other expenses | $0 |
Total functional expenses | $203,804 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $147,544 |
Savings and temporary cash investments | $173,344 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,986 |
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 | $5,941 |
Net Land, buildings, and equipment | $26,287 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $120 |
Total assets | $364,222 |
Accounts payable and accrued expenses | $0 |
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 | $161,915 |
Total liabilities | $161,915 |
Net assets without donor restrictions | $0 |
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 | $202,307 |
Total liabilities and net assets/fund balances | $364,222 |
Over the last fiscal year, we have identified 3 grants that The Folk School has recieved totaling $32,760.
Awarding Organization | Amount |
---|---|
Alaska Community Foundation Anchorage, AK | | $25,000 |
Fairbanks Arts Association 483 Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
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