Michigan Folk School
- Assets
- $197.7k
- Revenue
- $186.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-5403575
Organization Overview
Michigan Folk School is located in Ypsilanti, MI. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan 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, Michigan Folk School generated $186.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $160.6k during the year ending 12/2022. While expenses have increased by 20.8% per year over the past 4 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
ENTITY IS ORGANIZED TO EDUCATE THE PUBLIC REGARDING FARM LIFE AND WILL HOLD EDUCATIONAL SEMINARS AND DEMONSTRATIONS OF VARIOUS TECHNIQUES OF FARMING AND HAND MADE CRAFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOSTED WORKSHOPS AND CLASSES. AS A NON-PROFIT, OUR FINANCIAL FOCUS IS BREAKING EVEN PER COURSE, WHICH ENABLES US TO LOWER OUR TUITION AND INCREASE OUR PATRONAGE. FURTHER, AS A NON-PROFIT, WE OFTEN INVITE THE PUBLIC TO RALLY THEIR COURSE IDEAS INTO CLASSES AND WORKSHOPS THAT ADVANCE COMMUNITY OPPORTUNITIES, SUCH AS CANNING PARTIES AND FREE WORKSHOPS WITH AREA CRAFTSPEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Gold Chairman | OfficerTrustee | 2.5 | $36,200 |
Julia Gold Treasurer | OfficerTrustee | 1 | $3,825 |
Anne Stevenson Vice-Chairma | OfficerTrustee | 5 | $0 |
Tom Freeman Board Member | Trustee | 2 | $0 |
Theo Eggermont Board Member | Trustee | 5 | $0 |
Stephanie Ariganello Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675 |
| Total Program Service Revenue | $186,228 |
| Investment income | $3 |
| 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 | $186,906 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,810 |
| Advertising and promotion | $2,679 |
| Office expenses | $1,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $1,181 |
| 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 | $3,683 |
| Insurance | $2,038 |
| All other expenses | $2,863 |
| Total functional expenses | $160,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,484 |
| Savings and temporary cash investments | $79,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $111,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,702 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $197,702 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $197,702 |