Colorado Folk Arts Council
- Assets
- $54.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wheat Ridge, CO
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 84-0683218
Organization Overview
Colorado Folk Arts Council is located in Wheat Ridge, CO. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Colorado Folk Arts Council 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, Colorado Folk Arts Council generated $69.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $99.8k during the year ending 12/2022. While expenses have increased by 26.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Gehauf President | 15 | $0 | |
Renee Fajardo Vice-President | 12 | $0 | |
Arlette Lucero Secretary | 2 | $0 | |
Marc Lytle Program Assistant | 8 | $0 | |
Asia Diamond Program Assistant | 6 | $0 | |
Carl Ruby Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,394 |
| Total Program Service Revenue | $11,705 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,779 |
| Other Revenue | $0 |
| Total Revenue | $69,320 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $35,936 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $755 |
| Other expenses | $62,489 |
| Total expenses | $99,780 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,565 |
| Other assets | $0 |
| Total assets | $54,565 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Folk Arts Council has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Mile High United Way Inc Denver, CO PURPOSE: OTHER GRANT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |
Spencer Theater For The Performing Arts Inc Alto, NM | $16,060,098 | $2,857,669 |
Utah Arts Alliance Salt Lake City, UT | $1,603,300 | $1,841,835 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Culture House Olathe, KS | $1,423,663 | $1,449,924 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Hutchinsons Historic Fox Theatre Inc Hutchinson, KS | $2,272,995 | $1,289,288 |
Lake Dillon Foundation For The Performing Arts Silverthorne, CO | $3,674,810 | $1,325,094 |
Sheridan Arts Foundation Telluride, CO | $2,967,332 | $1,721,240 |