Folk Alliance International
- Assets
- $847.7k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Kansas City, MO
- Founding
- 09/1996
- Data as of
- 06/2020
- EIN
- 56-1698333
Organization Overview
Folk Alliance International is located in Kansas City, MO. The organization was established in 1996. 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 06/2021, Folk Alliance International employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Folk Alliance International 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 06/2020, Folk Alliance International generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.6m during the year ending 06/2020. While expenses have increased by 8.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE FOLK MUSIC AND DANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRODUCED AN INTERNATIONAL FOLK ALLIANCE CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aengus Finnan Executive Dir. | Officer | 60 | $110,000 |
Deana Mccloud Secretary | OfficerTrustee | 3 | $0 |
Matt Sever Vice President | OfficerTrustee | 3 | $0 |
Lisa Schwartz President | OfficerTrustee | 3 | $0 |
Alka Sharma Treasurer | OfficerTrustee | 3 | $0 |
Ashley Shabankareh Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,083 |
| Investment income | $7,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,239 |
| Statement of Expenses | |
|---|---|
| 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. | $105,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,644 |
| Pension plan accruals and contributions | $18,997 |
| Other employee benefits | $46,771 |
| Payroll taxes | $41,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,821 |
| Advertising and promotion | $105,451 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,103 |
| Travel | $47,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $546,304 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,644 |
| Insurance | $6,667 |
| All other expenses | $0 |
| Total functional expenses | $1,618,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,057 |
| Accounts receivable, net | $13,862 |
| 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 | $20,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $847,677 |
| Accounts payable and accrued expenses | $159,744 |
| Grants payable | $0 |
| Deferred revenue | $6,095 |
| 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 | $8,000 |
| Other liabilities | $0 |
| Total liabilities | $173,839 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $673,838 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Folk Alliance International has recieved totaling $44,187.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $11,000 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR THE ETHNO PROGRAM, AIR PROJECT, OR GENERAL OPERATING SUPPORT, WHICHEVER NEED IS GREATEST OR MOST TIMELY, TO BE DECIDED AT YOUR DISCRETION | $10,000 |
Enid & Crosby Kemper Foundation Kansas City, MO PURPOSE: GIFT FOR 2022 CONFERENCE | $10,000 |
Brookside Irish Fest Inc Kansas City, MO | | $6,000 |
J B Reynolds Foundation Kansas City, MO PURPOSE: VARIOUS | $5,000 |
Martin Guitar Charitable Foundation Nazareth, PA PURPOSE: GENERAL DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |