Texas Folklife Resources
- Assets
- $662.7k
- Revenue
- $653.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Austin, TX
- Founding
- 07/1985
- Data as of
- 12/2021
- EIN
- 74-2360058
Organization Overview
Texas Folklife Resources is located in Austin, TX. The organization was established in 1985. 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 12/2021, Texas Folklife Resources employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Folklife Resources 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 12/2021, Texas Folklife Resources generated $653.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $641.8k during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A STATEWIDE NON-PROFIT ORGANIZATION DEDICATED TO PRESERVING AND PRESENTING THE DIVERSE CULTURES AND LIVING HERITAGE OF THE LONE STAR STATE.
Describe the Organization's Program Activity:
TEXAS FOLKLIFE WORKS ACROSS THE STATE WITH A VARIETY OF COMMUNITY PARTNERS TO CULTIVATE, PRESENT, AND EMBOLDEN THE STATE'S RICH CULTURAL LEGACY THROUGH A VIBRANT MIX OF PUBLIC PROGRAMS AND INITIATIVES, INCLUDING:*PERFORMANCES*EXHIBITIONS*EDUCATION PROGRAMS & CURRICULUM MATERIALS*APPRENTICESHIPS*MULTIMEDIA PROJECTS*FISCAL SPONSORSHIPS*FOLK AND TRADITIONAL ARTS INFRASTRUCTURE BUILDING*ARCHIVE PRESERVATION PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Lockwood Executive Dir. | Officer | 40 | $58,400 |
Armando Sanchez Vice Chair | OfficerTrustee | 5 | $0 |
Jeff Jackson Chairman | OfficerTrustee | 5 | $0 |
Sean Hale Treasurer | OfficerTrustee | 5 | $0 |
Nydia Tapia-Gonzales Secretary | OfficerTrustee | 5 | $0 |
Derek Garson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,978 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,231 |
| Total Program Service Revenue | $22,734 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $131,901 |
| 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 | $1,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $31,057 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,504 |
| Compensation of current officers, directors, key employees. | $38,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,261 |
| Pension plan accruals and contributions | $1,350 |
| Other employee benefits | $3,624 |
| Payroll taxes | $16,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $26,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,283 |
| Advertising and promotion | $10,452 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,546 |
| Travel | $8,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,178 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,921 |
| Insurance | $3,600 |
| All other expenses | $8,918 |
| Total functional expenses | $641,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,575 |
| Savings and temporary cash investments | $19,985 |
| Pledges and grants receivable | $91,213 |
| Accounts receivable, net | $1,700 |
| 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 | $33,845 |
| Net Land, buildings, and equipment | $325,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $662,734 |
| Accounts payable and accrued expenses | $29,038 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $378,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,230 |
| Total liabilities | $456,173 |
| Net assets without donor restrictions | $147,528 |
| Net assets with donor restrictions | $59,033 |
| 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 | $662,734 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Texas Folklife Resources has recieved totaling $53,827.
| Awarding Organization | Amount |
|---|---|
Bbb Serving The Heart Of Texas Austin, TX PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Burdine Johnson Foundation Buda, TX PURPOSE: OPERATING FUNDS WITH EMPHASIS ON HAYS COUNTY PROGRAMS | $15,000 |
Miller Theatre Advisory Board Inc Houston, TX PURPOSE: Accordion Kings & Queens | $10,000 |
Mid-America Arts Alliance Kansas City, MO PURPOSE: ART SUPPORT | $8,765 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimbell Art Foundation Fort Worth, TX | $668,076,057 | $22,208,896 |
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |