Civic Intelligence

The Folk School

990 • Fiscal year 2021 • EIN 45-2974643

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

PO Box 83572Fairbanks, AK 99708

(907) 457-1219

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.44x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

88th percentile

92%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

72nd percentile

41%

Faster revenue growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$364,222

Up $174,494 (+92%) from 2020

Net Assets

Up

$202,307

Up $110,507 (+120%) from 2020

Liabilities

Up

$161,915

Up $63,987 (+65%) from 2020

Revenue

Up

$314,311

Up $91,610 (+41%) from 2020

Expenses

Up

$203,804

Up $30,486 (+18%) from 2020

Net Income

Up

$110,507

Up $61,124 (+124%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2013: $20,986Net Assets 2013: $20,9862013Assets 2014: $48,051Liabilities 2014: $3,784Net Assets 2014: $44,2672014Assets 2015: $46,106Liabilities 2015: $5,394Net Assets 2015: $40,7122015Assets 2016: $68,121Liabilities 2016: $636Net Assets 2016: $67,4852016Assets 2017: $44,061Liabilities 2017: $2,736Net Assets 2017: $41,3252017Assets 2018: $36,906Liabilities 2018: $12,251Net Assets 2018: $24,6552018Assets 2019: $106,605Liabilities 2019: $64,188Net Assets 2019: $42,4172019Assets 2020: $189,728Liabilities 2020: $97,928Net Assets 2020: $91,8002020Assets 2021: $364,222Liabilities 2021: $161,915Net Assets 2021: $202,3072021Assets 2022: $383,134Liabilities 2022: $157,683Net Assets 2022: $225,4512022Assets 2023: $391,734Liabilities 2023: $147,575Net Assets 2023: $244,1592023Assets 2024: $584,625Liabilities 2024: $344,885Net Assets 2024: $239,7402024

Highlighted filing

2021

Assets$364,222
Liabilities$161,915
Net Assets$202,307

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2013: $62,436Expenses 2013: $42,688Net Income 2013: $19,7482013Revenue 2014: $86,966Expenses 2014: $77,285Net Income 2014: $9,6812014Revenue 2015: $102,063Expenses 2015: $105,693Net Income 2015: -$3,6302015Revenue 2016: $178,312Expenses 2016: $151,539Net Income 2016: $26,7732016Revenue 2017: $210,989Expenses 2017: $237,149Net Income 2017: -$26,1602017Revenue 2018: $190,778Expenses 2018: $207,448Net Income 2018: -$16,6702018Revenue 2019: $226,141Expenses 2019: $208,379Net Income 2019: $17,7622019Revenue 2020: $222,701Expenses 2020: $173,318Net Income 2020: $49,3832020Revenue 2021: $314,311Expenses 2021: $203,804Net Income 2021: $110,5072021Revenue 2022: $240,581Expenses 2022: $217,437Net Income 2022: $23,1442022Revenue 2023: $274,648Expenses 2023: $269,126Net Income 2023: $5,5222023Revenue 2024: $292,492Expenses 2024: $309,670Net Income 2024: -$17,1782024

Highlighted filing

2021

Revenue$314,311
Expenses$203,804
Net Income$110,507
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$314,311
Mission and Program Overview

Mission

The Folk School, in keeping with a 200-year-old tradition, is dedicated to enriching lives and building community by passing on skills and personal knowledge in a nurturing environment. The Folk School provides year-round, affordable programs in a variety of hands-on disciplines

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$91,800$202,307▲ $110,507
Savings and Temporary Cash Investments-$173,344-
Cash and Non-Interest-Bearing Accounts$172,756$147,544▼ $25,212
Land, Buildings, and Equipment, Net$2,615$26,287▲ $23,672
Accounts Receivable$9,685$10,986▲ $1,301
Prepaid Expenses and Deferred Charges$4,552$5,941▲ $1,389
Total Assets$189,728$364,222▲ $174,494
Other Assets Total$120$120→ $0
Liabilities
Other Liabilities$97,928$161,915▲ $63,987
Total Liabilities$97,928$161,915▲ $63,987
Net Assets / Fund Balance
Total Net Assets Fund Balance$91,800$202,307▲ $110,507
Total Liabilities and Net Assets / Fund Balance$189,728$364,222▲ $174,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,744$74$13,818
Land$11,006-$11,006
Equipment$1,537$1,644$3,181
Other Assets Org$120--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randall RozierPresident
Michael WhalenVice President
Allison WyldeBoard Member
Gordon WilliamsBoard Member
Jessica AustinBoard Member
Matt LabrenzSecretary
Douglas BishopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,864
Program Service Revenue
$106,048
Investment Income
$399
Other Revenue
$0
All Other Contributions
$146,038
Change in Net Assets
$110,507

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$24,592Borough Valuation
Other Non Cash Contri Table1$14,145Labor Value
Other Non Cash Contri Table1$1,350Purchase Value
Other Non Cash Contri Table1$500Labor Value
Other Non Cash Contri Table1$120Service Value
Total Noncash Contributions5$40,707-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,842
Salaries, Compensation, and Employee Benefits$64,962
Total Fundraising Expense$4,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$59,505-$59,505
Fees for Services Other$43,467$8,265-$51,732
Other Expenses$17,718$14,145$477$14,145
Occupancy-$10,954-$10,954
Advertising$2,297$4,545-$6,842
Insurance$372$6,327$46$6,745
Office Expenses$1,214$2,438$2,587$6,239
Fees for Services Accounting-$5,666-$5,666
Payroll Taxes-$5,457-$5,457
Conferences and Meetings-$149$1,082$1,231
Depreciation Depletion$284$868-$1,152
Total Functional Expenses$69,436$130,176$4,192$203,804
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Dedicated Funds Liability$108,871
Scholarship Liability$20,044
New Home Fund Liability$15,080
Rohde Campus Fund$10,000
Alaska Cello Intensive Liability$4,149
FolkBucks$3,167
Other Current Liabilities$604
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Each Board Member will receive a draft copy of the Form 990 for review prior to filing.

Governing documents etc available to public Part VI line 19

All governing documents and financial statements are available to the public upon individual request. Meetings of the governing body are often times open to the public to attend.

Filing and Contact Details

Filer

Filer Name
The Folk School
EIN
45-2974643
Address
PO Box 83572, Fairbanks, AK 99708

Signing Officer

Name
Douglas Bishop
Title
Treasurer
Phone
9074571219
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Ak
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
25

Preparer

Firm
Norbu Accounting Services LLC
Address
3445 Wolf Run, Fairbanks, AK 99709
Preparer
Vicki Stegall EA
Phone
9079788447
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Instructor Fees $51,190Instructor Per Diem $1,160Instructor Travel & Lodging $7,539Web Design & Hosting $9,284

Part IX response or note to any line in Part IX

Instructor fees to pay for local experts to teach craft-specific courses to general public.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0578684
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0399
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0288
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0106183
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt055997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0130339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0104885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0141279
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0538683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0399
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0288
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0749
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt01117367
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0287750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0140742
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0287155
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0190763
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0210957
IRS990ScheduleA/Total509Grp/TotalAmt01117367
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0288149
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0141030
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0287170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0190778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0210989
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01118116
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt013744
IRS990ScheduleD/BuildingsGrp/DepreciationAmt074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013818
IRS990ScheduleD/EquipmentGrp/BookValueAmt01537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01644
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03181
IRS990ScheduleD/LandGrp/BookValueAmt011006
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011006
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0120
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Security Deposits Paid
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3108871
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt415080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt520044
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt610000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FolkBucks
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Current Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Alaska Cello Intensive Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Dedicated Funds Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4New Home Fund Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Scholarship Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Rohde Campus Fund
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026287
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0120
IRS990ScheduleD/TotalLiabilityAmt0161915
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt31
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Class Materials
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Craftsman Services
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2Web Hosting Services
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3Volunteer Services
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Purchase Value
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Labor Value
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2Service Value
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3Labor Value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt01350
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1500
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt2120
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt314145
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0Borough Valuation
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt024592
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each Board Member will receive a draft copy of the Form 990 for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All governing documents and financial statements are available to the public upon individual request. Meetings of the governing body are often times open to the public to attend.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Instructor Fees $51,190Instructor Per Diem $1,160Instructor Travel & Lodging $7,539Web Design & Hosting $9,284
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Instructor fees to pay for local experts to teach craft-specific courses to general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IX response or note to any line in Part IX
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0189728
IRS990/TotalAssetsEOYAmt0364222
IRS990/TotalAssetsGrp/BOYAmt0189728
IRS990/TotalAssetsGrp/EOYAmt0364222
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207864
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04192
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130176
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069436
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt097928
IRS990/TotalLiabilitiesEOYAmt0161915
IRS990/TotalLiabilitiesGrp/BOYAmt097928

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$3.45$2.40$2.92$3.10$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$1.48$2.44$2.75$2.69$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$1.58$2.25$2.41$2.17$0.23
2021Detailed filing. Detailed filing data is available for this year.$3.64$1.62$2.02$3.14$2.04$1.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.98$0.92$2.23$1.73$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.64$0.42$2.26$2.08$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.12$0.25$1.91$2.07$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.03$0.41$2.11$2.37$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.01$0.67$1.78$1.52$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.46$0.05$0.41$1.02$1.06$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.04$0.44$0.87$0.77$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.21$0.62$0.43$0.20
Peer Organizations

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