Folk Alliance International
- Assets
- $992.7k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Kansas City, MO
- Founding
- 09/1996
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Folk Alliance International generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE FOLK MUSIC AND DANCE
Describe the Organization's Program Activity:
THE ORGANIZATION PRODUCED AN INTERNATIONAL FOLK ALLIANCE CONFERENCE.
THE ORGANIZATION PRODUCED A PEER-TO-PEER LEARNING AND INTERNATIONAL MUSIC CAMP CALLED ETHNO USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aengus Finnian Executive Dir. | Officer | 60 | $132,917 |
Catalina Maria Johnson Director | Trustee | 2 | $0 |
Guillermo Subauste Director | Trustee | 3 | $0 |
Ashley Shabankareh President | OfficerTrustee | 2 | $0 |
Iona Fyfe Director | Trustee | 2 | $0 |
Kevin Dalton Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,368 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $574,072 |
| Noncash contributions included in lines 1a–1f | $3,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,440 |
| Total Program Service Revenue | $825,550 |
| Investment income | $421 |
| 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 | $1,471,181 |
| 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. | $114,496 |
| Compensation of current officers, directors, key employees. | $37,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $468,577 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,644 |
| Advertising and promotion | $60,202 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,526 |
| Travel | $43,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $566,649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,800 |
| Insurance | $6,941 |
| All other expenses | $30,954 |
| Total functional expenses | $1,471,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,500 |
| Accounts receivable, net | $48,801 |
| 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 | $18,486 |
| Net Land, buildings, and equipment | $91,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $992,724 |
| Accounts payable and accrued expenses | $191,072 |
| Grants payable | $0 |
| Deferred revenue | $111,144 |
| 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 | $302,216 |
| Net assets without donor restrictions | $664,270 |
| Net assets with donor restrictions | $26,238 |
| 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 | $992,724 |