Mississippi School Of Folk Arts
- Assets
- $51.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Natchez, MS
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-1652649
Organization Overview
Mississippi School Of Folk Arts is located in Natchez, MS. The organization was established in 2019. 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. Mississippi School Of Folk Arts 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, Mississippi School Of Folk Arts generated $63.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $73.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MISSISSIPPI SCHOOL OF FOLK ARTS IS A 501(C)3 NON PROFIT ORGANIZATION DEDICATED TO THE FINEST INSTRUCTION IN BOTH FINE ARTS AND TRADITIONAL CRAFTS. FOCUSING ON REGIONAL ARTISTS, WORKING WITH MISSISSIPPI ARTS COMMISSION, MISSISSIPPI ARTIST GUILDS, AND OTHER REGIONAL ART ORGANIZATIONS, MSFA STRIVES TO BRING THE BEST ARTIST INSTRUCTORS TO THEIR STUDIOS TO ENHANCE THE LIVES OF THOSE COMING TO NATCHEZ TO LEARN SOMETHING NEW OR HONE THEIR CRAFT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Freeman President | 20 | $12,000 | |
Paul Sullivan Secretary | 0 | $0 | |
Elizabeth Blalock Treasurer | 0 | $0 | |
Neifa Hardy Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $59,642 |
| Membership dues | $555 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,995 |
| Total Revenue | $63,192 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,000 |
| Professional fees and other payments to independent contractors | $15,567 |
| Occupancy, rent, utilities, and maintenance | $40,033 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,117 |
| Total expenses | $73,717 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,034 |
| Other assets | $0 |
| Total assets | $51,482 |
| Total liabilities | $2,100 |
| Net assets or fund balances | $49,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Oz Arts Inc Nashville, TN | $1,496,568 | $2,618,121 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Dogwood Arts Festival Inc Knoxville, TN | $1,363,959 | $2,091,446 |
Gadsden Cultural Arts Foundation Inc Gadsden, AL | $3,782,043 | $1,493,599 |
French Quarter Festival Inc New Orleans, LA | $3,644,496 | $2,861,776 |
Red River Revel Arts Festival Shreveport, LA | $880,187 | $1,819,546 |
Songwritingwith Inc Nashville, TN | $915,938 | $1,229,591 |