John C Campbell Folk School
- Assets
- $18.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 106
- Location
- Brasstown, NC
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 56-0552780
Organization Overview
John C Campbell Folk School is located in Brasstown, NC. The organization was established in 1943. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, John C Campbell Folk School employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John C Campbell 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 12/2023, John C Campbell Folk School generated $7.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOLK SCHOOL TRANSFORMS LIVES, BRINGING PEOPLE TOGETHER IN A NURTURING ENVIRONMENT FOR EXPERIENCES IN LEARNING AND COMMUNITY LIFE THAT SPARK SELF-DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 THE FOLK SCHOOL PROVIDED 733 COURSES TO 5,765 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dina Norris President | Trustee | 2 | $0 |
Janet Davis Secretary | Trustee | 2 | $0 |
Jesse Austin Treasurer | Trustee | 2 | $0 |
Joanna Haas Vice President | Trustee | 2 | $0 |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,625,691 |
| Noncash contributions included in lines 1a–1f | $20,701 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,716,191 |
| Total Program Service Revenue | $5,241,850 |
| Investment income | $368,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $1,800 |
| Net Income from Fundraising Events | $246,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $173,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,761,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $139,425 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $313,749 |
| Compensation of current officers, directors, key employees. | $100,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,569,740 |
| Pension plan accruals and contributions | $175,844 |
| Other employee benefits | $481,494 |
| Payroll taxes | $237,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,768 |
| Advertising and promotion | $343,875 |
| Office expenses | $117,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,483 |
| Travel | $360,567 |
| 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 | $353,521 |
| Insurance | $97,607 |
| All other expenses | $716,279 |
| Total functional expenses | $7,795,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,673 |
| Savings and temporary cash investments | $2,535,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $385,905 |
| Prepaid expenses and deferred charges | $127,052 |
| Net Land, buildings, and equipment | $4,402,441 |
| Investments—publicly traded securities | $10,817,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,144 |
| Total assets | $18,736,493 |
| Accounts payable and accrued expenses | $322,303 |
| Grants payable | $0 |
| Deferred revenue | $1,897,362 |
| 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 | $27,942 |
| Total liabilities | $2,247,607 |
| Net assets without donor restrictions | $15,107,905 |
| Net assets with donor restrictions | $1,380,981 |
| 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 | $18,736,493 |