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FOLKLORE VILLAGE FARM INC

Passing it On...

aka Folklore Village   |   Dodgeville, WI   |  www.folklorevillage.org
GuideStar Charity Check

FOLKLORE VILLAGE FARM INC

EIN: 39-1167942


Mission

TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES TO HONOR, EXPERIENCE AND SUPPORT ETHNIC AND TRADITIONAL FOLKLIFE

Ruling year info

1973

Board President

Beth Atkinson

Executive Director

Terri Van Orman

Main address

3210 County Road BB

Dodgeville, WI 53533 USA

Show more contact info

EIN

39-1167942

Subject area info

Arts and culture

Population served info

Children and youth

Seniors

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Folk Life...Your Life

Children's school field trip program, focusing on the role of folklife in children's lives, which includes folk music, folk dancing, traditional crafts, and traditional games.

Population(s) Served
Children and youth

To provide musical experiences for our treasured seniors.

Population(s) Served
Seniors

Where we work

Financials

FOLKLORE VILLAGE FARM INC
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

32.71

Average of 15.78 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.2

Average of 5.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 10% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

FOLKLORE VILLAGE FARM INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

FOLKLORE VILLAGE FARM INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

FOLKLORE VILLAGE FARM INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of FOLKLORE VILLAGE FARM INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$72,372 $19,862 $67,401 $82,795 $12,595
As % of expenses -30.0% 8.0% 34.1% 45.2% 4.4%
Unrestricted surplus (deficit) after depreciation -$82,144 $11,603 $59,836 $76,137 $4,362
As % of expenses -32.8% 4.5% 29.1% 40.1% 1.5%
Revenue composition info
Total revenue (unrestricted & restricted) $253,937 $257,467 $265,179 $169,142 $311,924
Total revenue, % change over prior year -2.7% 1.4% 3.0% -36.2% 84.4%
Program services revenue 37.0% 37.5% 10.6% 17.8% 23.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.8% 0.8% 5.8% 1.2% 0.7%
All other grants and contributions 48.3% 49.2% 59.8% 73.8% 59.3%
Other revenue 14.0% 12.5% 23.8% 7.2% 16.6%
Expense composition info
Total expenses before depreciation $240,874 $248,104 $197,778 $183,045 $285,075
Total expenses, % change over prior year -3.9% 3.0% -20.3% -7.4% 55.7%
Personnel 43.7% 41.6% 51.6% 60.0% 40.5%
Professional fees 0.1% 2.4% 1.3% 1.3% 1.1%
Occupancy 14.9% 9.2% 11.4% 10.4% 10.2%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 41.2% 46.7% 35.7% 28.3% 48.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $250,646 $256,363 $205,343 $189,703 $293,308
One month of savings $20,073 $20,675 $16,482 $15,254 $23,756
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $10,404 $0 $26,362 $30,270
Total full costs (estimated) $270,719 $287,442 $221,825 $231,319 $347,334

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.0 4.7 9.7 13.7 7.2
Months of cash and investments 5.0 4.7 9.7 14.3 7.9
Months of estimated liquid unrestricted net assets 4.0 4.4 9.6 14.1 8.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $100,427 $98,043 $160,301 $208,266 $170,963
Investments $0 $0 $0 $10,238 $17,496
Receivables $0 $0 $1,065 $1,065 $1,065
Gross land, buildings, equipment (LBE) $805,787 $816,191 $816,191 $830,261 $860,531
Accumulated depreciation (as a % of LBE) 81.5% 81.5% 82.4% 80.3% 78.5%
Liabilities (as a % of assets) 5.1% 3.0% 1.4% 1.4% 1.4%
Unrestricted net assets $230,128 $241,731 $301,567 $377,704 $382,066
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $52,608 N/A N/A N/A N/A
Total restricted net assets $52,608 $52,608 $52,608 $52,608 $40,446
Total net assets $282,736 $294,339 $354,175 $430,312 $422,512

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Board President

Beth Atkinson

Beth Atkinson is a bio-statistician for the Mayo clinic.

Executive Director

Terri Van Orman

Terri Van Orman is a folk artist, folklorist and non-profit administrator who, before becoming Executive Director of Folklore Village, was the Executive Director of the Arkansas Craft School. She has a deep understanding of Folklife, in America and internationally, and she brings long-standing experience, and passion for community building and cultural ecology.

Number of employees

Source: IRS Form 990

FOLKLORE VILLAGE FARM INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

FOLKLORE VILLAGE FARM INC

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Beth Atkinson

Mayo Clinic

Term: 2021 - 2023


Board co-chair

Steve Pike

Retired

Term: 2022 - 2023

Tamara Funk

Wisconsin Historical Society

Jason Busniewski

Ph.D candidate ethnomusicology

Matt Hayden

Retired

John C. Van Orman

Ozarka College; Independent musician

Organizational demographics

SOURCE: Self-reported; last updated 7/14/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

The organization's co-leader identifies as:

Race & ethnicity
Decline to state
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data