Anchorage Folk Festival Inc
- Assets
- $133.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1997
- Data as of
- 03/2024
- EIN
- 92-0142926
Organization Overview
Anchorage Folk Festival Inc is located in Anchorage, AK. The organization was established in 1997. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Folk Festival 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 03/2024, Anchorage Folk Festival Inc generated $88.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $70.0k during the year ending 03/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
ORGANIZE, PROMOTE AND PRODUCE A 10-DAY WINTER MUSIC FESTIVAL WHICH PROVIDES WORKSHOPS FOR LEARNING, A STAGE FOR PERFOMING, AND PROFESSIONAL GUEST ARTISTS FOR ENTERTAINMENT. AN ESTIMATED 10,000 PEOPLE ATTEND THE FESTIVAL ANNUALLY FROM ALL OVER ALASKA, AND ROUGHLY 250 LOCAL ARTISTS PARTICIPATE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnse Ostman President | 5 | $0 | |
Pam Pope Vice President | 5 | $0 | |
Marianne See Past President | 5 | $0 | |
Jill Phelps Treasurer | 5 | $0 | |
Jennifer Anderson Secretary | 5 | $0 | |
Peter Johnson Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,202 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $785 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $430 |
| Other Revenue | $13,600 |
| Total Revenue | $88,538 |
| 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 | $12,004 |
| Occupancy, rent, utilities, and maintenance | $660 |
| Printing, publications, postage, and shipping | $443 |
| Other expenses | $55,755 |
| Total expenses | $69,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,471 |
| Other assets | $0 |
| Total assets | $133,109 |
| Total liabilities | $2,841 |
| Net assets or fund balances | $130,268 |