Ely Folk School
- Assets
- $109.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ely, MN
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-2706626
Organization Overview
Ely Folk School is located in Ely, MN. The organization was established in 2015. 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. Ely 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 12/2022, Ely Folk School generated $172.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $138.5k during the year ending 12/2022. While expenses have increased by 6.0% 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.
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 |
|---|---|---|---|
Rick Anderson Member | 5 | $0 | |
Ozzie Reif Member | 5 | $0 | |
Steve Klar Member | 5 | $0 | |
Sarah Paro Member | 5 | $0 | |
Johnna Hyde Member | 5 | $0 | |
Chris Clemens Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,480 |
| Total Program Service Revenue | $57,403 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,509 |
| Other Revenue | $12,403 |
| Total Revenue | $172,433 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,620 |
| Professional fees and other payments to independent contractors | $6,916 |
| Occupancy, rent, utilities, and maintenance | $19,883 |
| Printing, publications, postage, and shipping | $2,121 |
| Other expenses | $69,921 |
| Total expenses | $138,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,304 |
| Other assets | $0 |
| Total assets | $109,585 |
| Total liabilities | $24,079 |
| Net assets or fund balances | $85,506 |