Anchorage Folk Festival Inc
- Assets
- $133.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1997
- Data as of
- 03/2022
- 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 03/2022, Anchorage Folk Festival Inc generated $26.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $18.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 6 years. 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
2022
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 |
|---|---|---|---|
Michael Allwright Vice President | 5 | $0 | |
Martin Severin Directoer | 3 | $0 | |
Johnse Ostman President | 5 | $0 | |
Lucy Peckham Director | 3 | $0 | |
Jedediah Smith Secretary | 5 | $0 | |
Peter Johnson Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,984 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $267 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,269 |
| Other Revenue | $0 |
| Total Revenue | $26,456 |
| 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 | $2,043 |
| Occupancy, rent, utilities, and maintenance | $786 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,467 |
| Total expenses | $18,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,380 |
| Other assets | $0 |
| Total assets | $133,329 |
| Total liabilities | $1,500 |
| Net assets or fund balances | $131,829 |
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