Kerrville Folk Festival Foundation Inc, operating under the name Kerrville Folk Festival, is located in Kerrville, TX. The organization was established in 2000. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Kerrville Folk Festival employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kerrville Folk Festival 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 09/2022, Kerrville Folk Festival generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC APPRECIATION AND SUPPORT FOR SONGWRITERS, THE SONGWRITING CRAFT, AND FOLK MUSIC BY CREATING A COMMUNITY WHERE SONGCRAFT IS SUPPORTED AND FOLK MUSIC IS ENJOYED BY PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUALLY, THE KFF FOUNDATION PRODUCES: THE 18-DAY KERRVILLE FOLK FESTIVAL (KFF), THE GRASSY HILL NEW FOLK SONGWRITING COMPETITION, AND A FALL EVENT CALLED WELCOME HOME FESTIVAL (WHF). THE FOUNDATION ALSO CO-PRODUCES MUSIC CAMP FOR TEENS WITH THE BOYS & GIRLS CLUB AND A CONCERT SERIES, "MUSIC AT THE MANSION," WITH SCHREINER UNIVERSITY. THE KERRVILLE FOLK FESTIVAL IS THE FOUNDATION'S FLAGSHIP EVENT. ESTABLISHED IN 1972, KFF IT IS AMONG THE LONGEST RUNNING MUSIC FESTIVAL IN THE UNITED STATES. IN 2023, WE CELEBRATED THE 51ST KERRVILLE FOLK FESTIVAL. DURING THE 18-DAY FESTIVAL THE FOUNDATION HOSTS THE GRASSY HILL NEW FOLK COMPETITION IN WHICH 950 SONGWRITERS FROM ACROSS THE COUNTRY SUBMIT TWO SONGS THEY HAVE WRITTEN. OF THOSE, 24 ARE SELECTED TO COMPETE AT THE FESTIVAL IN THE GRASSY HILL NEW FOLK CONTEST. OF THOSE, 6 FINALISTS ARE SELECTED AS WINNERS. WINNERS RECEIVE A CASH PRIZE AND ARE HOSTED ON A WEEK-LONG TOUR IN TEXAS. THE FESTIVALS FEATURE BETWEEN 100 AND 200 PERFORMING SONGWRITERS FROM AROUND THE WORLD, A SONGWRITING SCHOOL, AND INSTRUMENT WORKSHOPS. THE KFF FOUNDATION HOSTED ITS SECOND WELCOME HOME FESTIVAL FROM OCTOBER 7 - 16, 2022. IT WAS WELL RECEIVED BY THOSE WHO ATTENDED; HOWEVER, ATTENDANCE WAS LOW, IN PART DUE TO COMPETITION FROM OTHER COMMUNITY GATHERINGS IN THE AREA. MUSIC CAMP FOR TEENS IS A 5-DAY CAMP FOR YOUTH AGED 13 - 18. FACULTY IS COMPRISED OF SONGWRITERS, MUSICIANS AND POETS THAT FOCUS ON HELPING STUDENTS "FIND THEIR OWN VOICE AND SOUND" WHILE INTEGRATING LESSONS THAT HELP TEENS BUILD SELF-ESTEEM, ENGAGE IN POSITIVE LEISURE TIME ACTIVITIES, AND DEVELOP LEADERSHIP SKILLS FOR UP TO 70 TEENS, MANY OF WHOM ARE FROM LOW INCOME AND SINGLE PARENT HOUSEHOLDS. CO-SPONSORED WITH THE BOYS & GIRLS CLUB (BGC), THE FOUNDATION COVERS THE FACULTY AND FACILITY EXPENSES. THE BGC COVERS THE FOOD, TRANSPORTATION, AND CAMP COUNSELOR EXPENSES. DUE TO COVID, CAMPS WERE NOT HOSTED IN 2020 AND 2021. ATTENDANCE WAS DOWN; HOWEVER WE KNOW THAT MANY TEENS RETURN AS MANY YEARS AS THEY CAN, AND WE LOST TWO YEARS OF BUILDING ATTENDEES. MUSIC AT THE MANSION IS A YEARLONG CONCERT SERIES COMPRISED OF SIX SHOWS EACH YEAR, EACH SHOW FEATURING TWO PERFORMING SONGWRITERS. THIS SERIES IS HELD IN PARTNERSHIP WITH SCHREINER UNIVERSITY, AND THE SHOWS ARE HOSTED ON THE UNIVERSITY CAMPUS. 2023 WAS THE 11TH YEAR FOR THIS SERIES.
SINCE 2011, EXCEPT FOR THE YEARS 2020 & 2021 DUE TO COVID, THE KERRVILLE FOLK FESTIVAL FOUNDATION ALONG WITH THE BOYS & GIRLS CLUBS HAS HOSTED A FIVE-DAY MUSIC CAMP FOR TEENS EACH YEAR IN JULY. FACULTY IS COMPRISED OF SONGWRITERS, MUSICIANS AND POETS THAT FOCUS ON HELPING STUDENTS 'FIND THEIR OWN VOICE AND SOUND' WHILE INTEGRATING LESSONS THAT HELP TEENS BUILD SELF- ESTEEM, ENGAGE IN POSITIVE LEISURE TIME ACTIVITIES, AND DEVELOP LEADERSHIP SKILLS. THE CAMP IS TYPICALLY ATTENDED BY 70 TEENS, MANY OF WHOM ARE FROM LOW INCOME AND SINGLE PARENT HOUSEHOLDS. THE CAMP RESUMED IN 2022 AND FEWER TEENS ATTENDED IN 2022 AND 2023. WE ARE WORKING WITH BOYS & GIRLS CLUBS TO REBUILD OUR ATTENDANCE AT THIS EVENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Val Stinson President | Officer | 5 | $0 |
Sami Burk Vice Preside | Officer | 5 | $0 |
Michael Bowers Treasurer | Officer | 5 | $0 |
J Frank Webster Secretary | Officer | 5 | $0 |
Tom Prasada-Rao Board Member | Trustee | 5 | $0 |
David Obermann Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $75,185 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $365,090 |
All other contributions, gifts, grants, and similar amounts not included above | $569,511 |
Noncash contributions included in lines 1a–1f | $5,002 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,009,786 |
Total Program Service Revenue | $546,083 |
Investment income | $755 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,870 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $61,478 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $20,321 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,646,197 |
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 | $118,156 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,134 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $50,899 |
Office expenses | $4,204 |
Information technology | $8,131 |
Royalties | $0 |
Occupancy | $30,596 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $250 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,181 |
Insurance | $22,317 |
All other expenses | $67,045 |
Total functional expenses | $1,197,596 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $858,222 |
Savings and temporary cash investments | $0 |
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 | $6,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $624,363 |
Investments—publicly traded securities | $37,714 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $32,241 |
Other assets | $0 |
Total assets | $1,558,540 |
Accounts payable and accrued expenses | -$5,788 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $166,649 |
Total liabilities | $160,861 |
Net assets without donor restrictions | $1,397,679 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,558,540 |