Folk Art International
- Assets
- $419.0k
- Revenue
- $40.3k
- Investments
- $412.9k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 03/1984
- Data as of
- 09/2023
- EIN
- 94-2716028
Organization Overview
Folk Art International is located in San Francisco, CA. The organization was established in 1984. According to its NTEE Classification (A24) the organization is classified as: Folk 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. Folk Art International 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 09/2023, Folk Art International generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $23.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS EDUCATIONAL PROGRAMS AT PUBLIC NON-PROFIT ORGANIZATIONS AND MUSEUMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Vargas Handley President & CEO | 0 | $0 | |
Houston A Cummings Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,840 |
| Interest on Savings | $1 |
| Dividends & Interest | $9,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,641 |
| Capital Gain Net Income | $1,676 |
| Net ST Capital Gain | $407 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $42 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $8,426 |
| Contributions, gifts, grants paid | $15,500 |
| Total expenses and disbursements | $23,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $600 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $412,894 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,475 |
| Total assets | $418,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Folk Art International has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE METROPOLITAIN MUSEUM OF ART PURPOSE: ARTISTIC & EDUCATION PROG | $5,000 |
ASIAN ART MUSEUM PURPOSE: ARTISTIC & EDUCATION PROG | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foster Art & Wilderness Foundation Palo Alto, CA | $9,054,559 | $1,886,368 |
Folkwest Incorporated Sisters, OR | $0 | $523,835 |
Whippoorwill Arts Inc San Rafael, CA | $81,434 | $505,565 |
Mandala Publishing San Rafael, CA | $18,833 | $36 |
Topanga Banjo Fiddle Contest And Folk Festival Inc Tarzana, CA | $123,823 | $0 |
Portland Folklore Society Portland, OR | $73,243 | $0 |
Kings Regional Traditional Folk Arts Inc Hanford, CA | $140,134 | $0 |
Ancient Ways Scio, OR | $15,595 | $0 |
Pajaro Valley Quilt Association Aptos, CA | $125,138 | $0 |
Show Folks Of America Inc Oroville, CA | $865,471 | $23,037 |
Folk Art International San Francisco, CA | $418,969 | $40,348 |
Sacramento Guitar Society Folsom, CA | $16,850 | $0 |
American Tamil Media Irvine, CA | $13,100 | $0 |
Xochipilli De Santa Barbara Santa Barbara, CA | $0 | $0 |
San Francisco Basque Folkloric Groups Corte Madera, CA | $6,930 | $6,930 |
Center For Contemporary Art & Culture Portland, OR | $1,551,159 | $0 |