Folk Art Society Of America
- Assets
- $173.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1989
- Data as of
- 12/2023
- EIN
- 54-1415937
Organization Overview
Folk Art Society Of America is located in Richmond, VA. The organization was established in 1989. 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. Folk Art Society Of America 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 12/2023, Folk Art Society Of America generated $50.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $60.1k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PUBLICATION OF FOLK ART MESSENGER, MAGAZINE, 600 CLIENTS, 3 TIMES A YEAR, EDUCATIONAL ARTICLE, REVIEWS, NEWS, PHOTOS, CALENDAR OF NATIONAL EVENTS, NO ADVERTISING. REVISION AND MAINTENANCE OF WEBSITE AND FACEBOOK PAGE, 60,000 VISITS A YEAR, ARTICLES, NEWS, PHOTOS, VIDEOS, CALENDAR, HISTORY OF ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Oppenhimer Executive Director | 40 | $0 | |
James Sellman President | 1 | $0 | |
William Oppenhimer Chief Financial Officer | 10 | $0 | |
Mary K Mcdonald Vice President | 1 | $0 | |
Vernon Carter Member At Large | 1 | $0 | |
Barbara Sellman Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,178 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,263 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,687 |
| Other Revenue | $0 |
| Total Revenue | $50,128 |
| 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 | $3,878 |
| Occupancy, rent, utilities, and maintenance | $10,364 |
| Printing, publications, postage, and shipping | $42,790 |
| Other expenses | $2,719 |
| Total expenses | $60,101 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,797 |
| Other assets | $0 |
| Total assets | $173,797 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,797 |