Baltimore Folk Music Society Inc
- Assets
- $63.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1976
- Data as of
- 06/2024
- EIN
- 52-1063458
Organization Overview
Baltimore Folk Music Society Inc is located in Baltimore, MD. The organization was established in 1976. 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. Baltimore Folk Music Society 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 06/2024, Baltimore Folk Music Society Inc generated $34.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $40.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quintin Aspin Board Member | 4 | $0 | |
Joyce Duffy-Bilanow Secretary | 3 | $0 | |
Tom Bryson Treasurer | 6 | $0 | |
Ann Fallon Board Member | 3 | $0 | |
Sara Glik Board Member | 4 | $0 | |
Lisa Kornberg President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,511 |
| Total Program Service Revenue | $25,699 |
| Membership dues | $4,182 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,195 |
| Occupancy, rent, utilities, and maintenance | $9,757 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $7,405 |
| Total expenses | $40,821 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,751 |
| Other assets | $0 |
| Total assets | $63,874 |
| Total liabilities | $7,061 |
| Net assets or fund balances | $56,813 |