Louisiana Folk Roots Inc
- Assets
- $112.8k
- Revenue
- $140.6k
- Investments
- $34.5k
- Employees
- 1
- Location
- Lafayette, LA
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 72-1463318
Organization Overview
Louisiana Folk Roots Inc is located in Lafayette, LA. The organization was established in 2001. 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. Louisiana Folk Roots 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 12/2022, Louisiana Folk Roots Inc generated $140.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $142.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NURTURE, SHARE AND PERPETUATE TRADITIONAL EXPRESSIONS OF CAJUN AND CREOLE HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAJUN AND CREOLE HERITAGE WEEK: A WEEK LONG PROGRAM PROVISING FESTIVAL EVENTS, PUBLIC EXHIBITIONS, DEMONSTRATIONS OF THE FOLK ARTS, PERFORMANCES AND WORKSHOPS.
CAJUN CREOLE CAMP FOR KIDS: A WEEK LONG PROGRAM TO PRESENT CAJUN AND CREOLE FOLKLORE TO CHILDREN.
EVENTS PRESENTED TO THE PUBLIC TO HIGHLIGHT CAJUN AND CREOLE CULTURE INCLUDING BLACKPOT FESTIVAL,ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Justus President | OfficerTrustee | 4 | $0 |
Corey Porche Vice President | OfficerTrustee | 2 | $0 |
Jennifer Hamilton Secretary | OfficerTrustee | 2 | $0 |
Blake Castille Board Member | Trustee | 2 | $0 |
Jean Johnson Treasurer | OfficerTrustee | 2 | $0 |
Shamus Fuller Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,345 |
| Total Program Service Revenue | $84,226 |
| Investment income | $1,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,620 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,481 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,998 |
| Travel | $0 |
| 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 | $519 |
| Insurance | $4,390 |
| All other expenses | $7,929 |
| Total functional expenses | $141,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,884 |
| Savings and temporary cash investments | $44,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $121 |
| Net Land, buildings, and equipment | $454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $112,831 |
| Accounts payable and accrued expenses | $2,419 |
| Grants payable | $0 |
| Deferred revenue | $9,469 |
| 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 | $11,888 |
| Net assets without donor restrictions | $46,522 |
| Net assets with donor restrictions | $54,421 |
| 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 | $112,831 |