Civic Intelligence

The Folkus Project Inc

EIN 56-2375261 • 501(c)3 • Syracuse, NY

Profile

To foster and promote traditional, contemporary, and multicultural folk music and related performing arts in Syracuse and Central NY.

4465 E Genesee St Box 197Syracuse, NY 13214

www.folkus.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.00x

Higher debt load relative to assets than 67% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Source year 2024

Net Margin

69th percentile

19%

Higher net margin than 69% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

NTEE A68 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

38%

Faster asset growth than 77% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

NTEE A68 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$18,665

Up $2,351 (+14%) from 2020

Liabilities

Flat

$125

Flat from 2020

Net Assets

Up

$18,540

Up $2,351 (+15%) from 2020

Operations
Liabilities / Revenue65th percentileNet Margin69th percentile

Revenue

Down

$28,425

Down $9,849 (-26%) from 2020

Expenses

Down

$24,358

Down $7,437 (-23%) from 2020

Net Income

Down

$4,067

Down $2,412 (-37%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2011: $8,623Liabilities 2011: $2002011Assets 2012: $6,131Liabilities 2012: $0Net Assets 2012: $6,1312012Assets 2013: $6,269Liabilities 2013: $0Net Assets 2013: $6,2692013Assets 2018: $11,706Liabilities 2018: $0Net Assets 2018: $11,7062018Assets 2020: $16,314Liabilities 2020: $125Net Assets 2020: $16,1892020Assets 2022: $18,665Liabilities 2022: $125Net Assets 2022: $18,5402022

Highlighted filing

2022

Assets$18,665
Liabilities$125
Net Assets$18,540
Open 2022 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0Revenue 2011: $31,730Expenses 2011: $29,474Net Income 2011: $2,2562011Expenses 2012: $30,9192012Expenses 2013: $30,8102013Revenue 2018: $31,435Expenses 2018: $31,351Net Income 2018: $842018Revenue 2020: $38,274Expenses 2020: $31,795Net Income 2020: $6,4792020Revenue 2022: $28,425Expenses 2022: $24,358Net Income 2022: $4,0672022

Highlighted filing

2022

Revenue$28,425
Expenses$24,358
Net Income$4,067
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,665
Liabilities
$125
Net assets
$18,540
Revenue
$28,425
Expenses
$24,358
Net income
$4,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$18.7$0.13$18.5$28.4$24.4$4.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$0.13$16.2$38.3$31.8$6.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.00$11.7$31.4$31.4$0.08
2013Detailed filing. Detailed filing data is available for this year.$6.27$0.00$6.27$30.8
2012Detailed filing. Detailed filing data is available for this year.$6.13$0.00$6.13$30.9
2011Summary only. Only limited summary data is available for this year.$8.62$0.20$31.7$29.5$2.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 2, 2023
Return Version
2021v4.1
Gross Receipts
$28,425
Mission and Program Overview

Mission

To foster and promote traditional, contemporary, and multicultural folk music and related performing arts in Syracuse and Central NY.

Program Services

DescriptionGrantsExpenses
Host approximately 16 shows per year, open to the public, featuring folk artists. Note: no show held for 7/1/2020 to 6/30/2021 due to COVID.-$23,550
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy Susan WeissPresidentPT$0--
Jan PenestonTreasurerPT$0--
Wendy SteinDirectorPT$0--
Jeff PenestonDirectorPT$0--
MaryAnn GormanDirectorPT$0--
Jackie DowningDirectorPT$0--
Marilyn SmithSecretaryPT$0--
Robert BeckerVice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
The Folkus Project Inc
EIN
56-2375261
Address
4465 E Genesee St Box 197, Syracuse, NY 13214

Signing Officer

Name
Jan Peneston
Title
Treasurer
Signed
2023-11-02
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $25”

Other Expenses.1002

“Office Expenses $210”

Other Expenses.1012

“Insurance $748”

Other Expenses.1

“Payments to performers $12002”

Other Expenses.2

“Website $5011”

Other Expenses.3

“Donation in lieu of rent $2000”

Other Expenses.4

“Supplies and misc $1236”

Other Expenses.5

“Lodging for performers $1211”

Other Expenses.7

“Meals for artists $364”

Other Expenses.8

“Licenses $332”

Other Expenses.10

“Bank Charges $60”

Other Assets.1

“Deposit - Beginning $600 Deposit - Ending $600”

Total Liabilities.1

“Gift Certificates - Beginning $125 Gift Certificates - Ending $125”

Raw XML Appendix180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Jan Peneston
IRS990EZ/BooksInCareOfDetail/PhoneNum03156574982
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04465 E Genesee St Box 197
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Syracuse
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd013214
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013998
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt018065
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt017911
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04067
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt014598
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018665
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt028425
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014473
IRS990EZ/NetAssetsOrFundBalancesEOYAmt018540
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt014473
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt018540
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt55.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt65.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt75.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Nancy Susan Weiss
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jan Peneston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Wendy Stein
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jeff Peneston
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MaryAnn Gorman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Jackie Downing
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Marilyn Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Robert Becker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0600
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0600
IRS990EZ/OtherExpensesTotalAmt023199
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To foster and promote traditional, contemporary, and multicultural folk music and related performing arts in Syracuse and Central NY.
IRS990EZ/PrintingPublicationsPostageAmt01159
IRS990EZ/ProgramServiceRevenueAmt010514
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Host approximately 16 shows per year, open to the public, featuring folk artists. Note: no show held for 7/1/2020 to 6/30/2021 due to COVID.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt023550
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0125
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0125
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt024358
IRS990EZ/TotalProgramServiceExpensesAmt023550
IRS990EZ/TotalRevenueAmt028425
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.folkus.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Ticket sales from shows put on by the organization to further the access to folk music to the community.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1In addition to the contributions shown in Part 11, the organization receives revenue from ticket sales from concerts that is related to its exempt function. The ticket sale revenue for the 5 year period was as follows: 2015 $37,342; 2016 $33,367; 2017 $27,622; 2018 $25,480; 2019 $24,649; 2020 $0 (due to COVID); 2021 $10,514.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Other Income Explanation
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt017911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt013625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt041765
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt088265
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt041765
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt017911
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt013625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03813
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt041765
IRS990ScheduleA/TotalSupportAmt041768
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $210
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $748
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payments to performers $12002
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Website $5011
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donation in lieu of rent $2000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies and misc $1236
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Lodging for performers $1211
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Meals for artists $364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Licenses $332
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank Charges $60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Deposit - Beginning $600 Deposit - Ending $600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Gift Certificates - Beginning $125 Gift Certificates - Ending $125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jan Peneston
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Folkus Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0FOLK
ReturnHeader/Filer/EIN0562375261
ReturnHeader/Filer/USAddress/AddressLine1Txt04465 E Genesee St Box 197
ReturnHeader/Filer/USAddress/CityNm0Syracuse
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013214
ReturnHeader/ReturnTs02023-11-02T06:57:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jan
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Peneston
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.