Civic Intelligence

Kerrville Folk Festival Foundation

EIN 74-2938648 • 501(c)3 • Kerrville, TX

Profile

To promote public appreciation and support for songwriters, the songwriting craft, and folk music by creating a community where songcraft is supported and folk music is enjoyed by people of all ages.

3876 Medina HighwayKerrville, TX 78028

www.kerrvillefolkfestival.org

Siviq Scores

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

Liabilities / Assets

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

80th percentile

21%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$2,007,837

Up $348,844 (+21%) from 2024

Liabilities

Down

$108,201

Down $72,870 (-40%) from 2024

Net Assets

Up

$1,899,636

Up $421,714 (+29%) from 2024

Revenue

Up

$1,440,842

Up $278,557 (+24%) from 2024

Expenses

Down

$1,050,192

Down $16,055 (-1.5%) from 2024

Net Income

Up

$390,650

Up $294,612 (+307%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $486,598Liabilities 2010: $36,736Net Assets 2010: $449,8622010Assets 2011: $517,920Liabilities 2011: $78,666Net Assets 2011: $439,2542011Assets 2012: $450,295Liabilities 2012: $88,274Net Assets 2012: $362,0212012Assets 2013: $577,063Liabilities 2013: $83,537Net Assets 2013: $493,5262013Assets 2014: $512,562Liabilities 2014: $21,127Net Assets 2014: $491,4352014Assets 2015: $883,985Liabilities 2015: $247,524Net Assets 2015: $636,4612015Assets 2016: $763,843Liabilities 2016: $269,896Net Assets 2016: $493,9472016Assets 2017: $788,465Liabilities 2017: $237,798Net Assets 2017: $550,6672017Assets 2018: $834,306Liabilities 2018: $234,637Net Assets 2018: $599,6692018Assets 2019: $855,595Liabilities 2019: $220,861Net Assets 2019: $634,7342019Assets 2020: $970,485Liabilities 2020: $237,753Net Assets 2020: $732,7322020Assets 2021: $1,351,248Liabilities 2021: $395,696Net Assets 2021: $955,5522021Assets 2022: $1,558,540Liabilities 2022: $160,861Net Assets 2022: $1,397,6792022Assets 2023: $1,664,996Liabilities 2023: $343,015Net Assets 2023: $1,321,9812023Assets 2024: $1,658,993Liabilities 2024: $181,071Net Assets 2024: $1,477,9222024Assets 2025: $2,007,837Liabilities 2025: $108,201Net Assets 2025: $1,899,6362025

Highlighted filing

2025

Assets$2,007,837
Liabilities$108,201
Net Assets$1,899,636

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $778,966Expenses 2010: $704,231Net Income 2010: $74,7352010Expenses 2011: $768,5182011Expenses 2012: $798,7352012Revenue 2013: $900,838Expenses 2013: $769,333Net Income 2013: $131,5052013Revenue 2014: $711,493Expenses 2014: $713,584Net Income 2014: -$2,0912014Revenue 2015: $1,025,155Expenses 2015: $880,129Net Income 2015: $145,0262015Revenue 2016: $666,444Expenses 2016: $808,958Net Income 2016: -$142,5142016Revenue 2017: $858,870Expenses 2017: $802,150Net Income 2017: $56,7202017Revenue 2018: $870,117Expenses 2018: $821,115Net Income 2018: $49,0022018Revenue 2019: $885,698Expenses 2019: $850,633Net Income 2019: $35,0652019Revenue 2020: $496,803Expenses 2020: $398,805Net Income 2020: $97,9982020Revenue 2021: $701,907Expenses 2021: $487,011Net Income 2021: $214,8962021Revenue 2022: $1,646,197Expenses 2022: $1,197,596Net Income 2022: $448,6012022Revenue 2023: $1,118,109Expenses 2023: $1,196,318Net Income 2023: -$78,2092023Revenue 2024: $1,162,285Expenses 2024: $1,066,247Net Income 2024: $96,0382024Revenue 2025: $1,440,842Expenses 2025: $1,050,192Net Income 2025: $390,6502025

Highlighted filing

2025

Revenue$1,440,842
Expenses$1,050,192
Net Income$390,650

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.01$0.11$1.90$1.44$1.05$0.39
2024Detailed filing. Detailed filing data is available for this year.$1.66$0.18$1.48$1.16$1.07$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.66$0.34$1.32$1.12$1.20$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.16$1.40$1.65$1.20$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.40$0.96$0.70$0.49$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.24$0.73$0.50$0.40$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.22$0.63$0.89$0.85$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.23$0.60$0.87$0.82$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.24$0.55$0.86$0.80$0.06
2016Summary only. Only limited summary data is available for this year.$0.76$0.27$0.49$0.67$0.81$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.25$0.64$1.03$0.88$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$0.71$0.71$0.00
2013Summary only. Only limited summary data is available for this year.$0.58$0.08$0.49$0.90$0.77$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.09$0.36$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.08$0.44$0.77
2010Summary only. Only limited summary data is available for this year.$0.49$0.04$0.45$0.78$0.70$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 12, 2026
Return Version
2024v5.0
Gross Receipts
$1,571,511
Mission and Program Overview

Mission

To promote public appreciation and support for songwriters, the songwriting craft, and folk music by creating a community where songcraft is supported and folk music is enjoyed by people of all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$385,298$693,099▲ $307,801
Land, Buildings, and Equipment, Net$646,844$690,920▲ $44,076
Investments in Publicly Traded Securities$563,945$619,363▲ $55,418
Prepaid Expenses and Deferred Charges$55,589--
Intangible Assets$7,317$4,455▼ $2,862
Total Assets$1,658,993$2,007,837▲ $348,844
Liabilities
Other Liabilities$123,062$99,479▼ $23,583
Accounts Payable and Accrued Expenses$1,822$4,872▲ $3,050
Deferred Revenue$56,187$3,850▼ $52,337
Total Liabilities$181,071$108,201▼ $72,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,477,922$1,899,636▲ $421,714
Total Net Assets Fund Balance$1,477,922$1,899,636▲ $421,714
Total Liabilities and Net Assets / Fund Balance$1,658,993$2,007,837▲ $348,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,483$205,785$1,276
Buildings$66,139$76,982-
Other Land Buildings$69,265$59,776-
Land$198,340--
Leasehold Improvements$283,693$223,358-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Val StinsonPresident
Dave WilmothBoard Member
Hilary AdamsonBoard Member
Kate PrejeanBoard Member
Teel Star FlemingBoard Member
Valerie LeibermanBoard Member
Jovita RoyBoard Memebe
J Frank WebsterSecretary
David ObermannTreasurer
Sami BurkVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$658,149
Program Service Revenue
$562,163
Investment Income
$30,987
Other Revenue
$189,543
All Other Contributions
$457,964
Change in Net Assets
$390,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$863,975
Salaries, Compensation, and Employee Benefits$186,217
Total Fundraising Expense$3,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,401$24,278$1,734$173,413
Office Expenses$63,903--$63,903
Advertising$53,694$9,476-$63,170
Depreciation Depletion$48,291$8,522-$56,813
Occupancy$40,548$6,678$477$47,703
All Other Expenses$39,920$6,094$322$46,336
Insurance$34,929$5,753$411$41,093
Other Expenses$17,535$9,405-$17,535
Payroll Taxes$10,883$1,793$128$12,804
Fees for Services Accounting-$3,000-$3,000
Total Functional Expenses$972,121$74,999$3,072$1,050,192
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$102,032
Fundraising Direct Expenses$98,954
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Flood Relief$103,846-$5,986-
Fall Festival$93,792$93,792$91,943$1,849
Total Events$205,378$101,532$97,929$3,603
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lamb Creek Property Loan$99,479
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Kerrville folk festival foundation is a membership driven organization.

Form 990, Page 6, Part VI, Line 7A

The members elect the board of directors, which is the governing body.

Form 990, Page 6, Part VI, Line 7B

Certain decisions, such as changes in the amount of membership dues, are decided by membership majority vote.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 is provided to the executive director, chairman and treasurer for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Monitoring and enforcing the conflict of interest policy is done by excluding members from voting on related matters, disclosing any conflict of interest prior to discussions, keeping record of any member with a conflict of interest and stating the policy from time to time that board members are obligated to disclose a conflict of interest on any topic under discussion.

Form 990, Page 6, Part VI, Line 19

All minutes, documents and financial statements are available to the public upon request. All board and committee meetings are also open to the public.

Filing and Contact Details

Filer

Filer Name
Kerrville Folk Festival Foundation
EIN
74-2938648
Phone
8302573600
Address
3876 MEDINA HIGHWAY, KERRVILLE, TX 78028
Doing Business As
Kerrville Folk Festival

Signing Officer

Name
Deb Rouse
Title
Executive Director
Phone
8302573600
Signed
2026-02-12

Organization Details

Principal Officer
Val Stinson
Formed
2000
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
750

Preparer

Firm
Pressler Thompson and Company LLC
Address
819 WATER STREET SUITE 320, KERRVILLE, TX 78028-5343
Preparer
Brenda G Beaty CPA
Phone
8302577241
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Annually, the kerrville folk festival foundation ("kff foundation- or "foundation") normally produces the 18-day kerrville folk festival (may 22 - june 8, 2025) and a 3-day event called welcome home fest (october 9-11). Because of severe flooding impacts in the region this year, we canceled welcome home fest to focus on supporting our local community. The kerrville folk festival ("kff") is the foundation's flagship event. Established in 1972, the kff is among the longest continuously running music festivals in the country and, in 2025, we celebrated our 53rd annual festival. During kff, the foundation hosts the kerrville folk festival grassy hill singer songwriter competition. The foundation received almost 1200 entries, from which 24 finalists were selected to perform at the festival. From those 24 finalists, 6 winners are selected; winners receive a cash prize and are invited to participate in a 10-day tour, performing at texas venues. During the festival, we also host a number of seminars and workshops, including instrument specific workshops (harmonica, ukulele and guitar) as well as songwriting workshops on topics such as co-writing and creative process. We also hosted a number of events geared toward the younger generation, including family concerts, a golf cart parade, a young artist performance incubator ("yapi") and pre-teen/teenage songwriting workshops. We were scheduled to hold our three-day welcome home fest in october but on july 4, the kerr county area was hit by devastating floods. While the property where the festival is held was not directly impacted, we recognized that we needed to shift our focus to helping our local community. As part of that effort, we canceled welcome home fest and pivoted to doing what we could to help those impacted. To that end, in july, our staff kitchen and a dedicated team of volunteers prepared and delivered hot meals to rescue workers, fire departments and impacted citizens, sometimes providing as many as 1,000 meals a day. We also worked with our far-ranging festival community to raise money for flood relief efforts and to provide needed supplies such as work gloves, generators and chain saws. In addition, we opened the property where the festival occurs to house displaced individuals and debris removal personnel. The foundation also participated in musical fund-raising events for the community held in austin, tx (with michael martin murphy and lyle lovett) and san antonio, tx (lyle lovett, los lonely boys, reckless kelly and bri bagwell). We also worked with a local partner, arcadia live, to present a number of shows in kerrville, completely free of charge to residents of kerr county (shinyribs, josh & christy grider and james mcmurtry).

Form 990, Part XI, Line 9

Book / tax depreciation difference 4,891

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IRS990/Desc0ANNUALLY, THE KERRVILLE FOLK FESTIVAL FOUNDATION ("KFF FOUNDATION- OR "FOUNDATION") NORMALLY PRODUCES THE 18-DAY KERRVILLE FOLK FESTIVAL (MAY 22 - JUNE 8, 2025) AND A 3-DAY EVENT CALLED WELCOME HOME FEST (OCTOBER 9-11). BECAUSE OF SEVERE FLOODING IMPACTS IN THE REGION THIS YEAR, WE CANCELED WELCOME HOME FEST TO FOCUS ON SUPPORTING OUR LOCAL COMMUNITY. THE KERRVILLE FOLK FESTIVAL ("KFF") IS THE FOUNDATION'S FLAGSHIP EVENT. ESTABLISHED IN 1972, THE KFF IS AMONG THE LONGEST CONTINUOUSLY RUNNING MUSIC FESTIVALS IN THE COUNTRY AND, IN 2025, WE CELEBRATED OUR 53RD ANNUAL FESTIVAL. DURING KFF, THE FOUNDATION HOSTS THE KERRVILLE FOLK FESTIVAL GRASSY HILL SINGER SONGWRITER COMPETITION. THE FOUNDATION RECEIVED ALMOST 1200 ENTRIES, FROM WHICH 24 FINALISTS WERE SELECTED TO PERFORM AT THE FESTIVAL. FROM THOSE 24 FINALISTS, 6 WINNERS ARE SELECTED; WINNERS RECEIVE A CASH PRIZE AND ARE INVITED TO PARTICIPATE IN A 10-DAY TOUR, PERFORMING AT TEXAS VENUES. DURING THE FESTIVAL, WE ALSO HOST A NUMBER OF SEMINARS AND WORKSHOPS, INCLUDING INSTRUMENT SPECIFIC WORKSHOPS (HARMONICA, UKULELE AND GUITAR) AS WELL AS SONGWRITING WORKSHOPS ON TOPICS SUCH AS CO-WRITING AND CREATIVE PROCESS. WE ALSO HOSTED A NUMBER OF EVENTS GEARED TOWARD THE YOUNGER GENERATION, INCLUDING FAMILY CONCERTS, A GOLF CART PARADE, A YOUNG ARTIST PERFORMANCE INCUBATOR ("YAPI") AND PRE-TEEN/TEENAGE SONGWRITING WORKSHOPS. WE WERE SCHEDULED TO HOLD OUR THREE-DAY WELCOME HOME FEST IN OCTOBER BUT ON JULY 4, THE KERR COUNTY AREA WAS HIT BY DEVASTATING FLOODS. WHILE THE PROPERTY WHERE THE FESTIVAL IS HELD WAS NOT DIRECTLY IMPACTED, WE RECOGNIZED THAT WE NEEDED TO SHIFT OUR FOCUS TO HELPING OUR LOCAL COMMUNITY. AS PART OF THAT EFFORT, WE CANCELED WELCOME HOME FEST AND PIVOTED TO DOING WHAT WE COULD TO HELP THOSE IMPACTED. TO THAT END, IN JULY, OUR STAFF KITCHEN AND A DEDICATED TEAM OF VOLUNTEERS PREPARED AND DELIVERED HOT MEALS TO RESCUE WORKERS, FIRE DEPARTMENTS AND IMPACTED CITIZENS, SOMETIMES PROVIDING AS MANY AS 1,000 MEALS A DAY. WE ALSO WORKED WITH OUR FAR-RANGING FESTIVAL COMMUNITY TO RAISE MONEY FOR FLOOD RELIEF EFFORTS AND TO PROVIDE NEEDED SUPPLIES SUCH AS WORK GLOVES, GENERATORS AND CHAIN SAWS. IN ADDITION, WE OPENED THE PROPERTY WHERE THE FESTIVAL OCCURS TO HOUSE DISPLACED INDIVIDUALS AND DEBRIS REMOVAL PERSONNEL. THE FOUNDATION ALSO PARTICIPATED IN MUSICAL FUND-RAISING EVENTS FOR THE COMMUNITY HELD IN AUSTIN, TX (WITH MICHAEL MARTIN MURPHY AND LYLE LOVETT) AND SAN ANTONIO, TX (LYLE LOVETT, LOS LONELY BOYS, RECKLESS KELLY AND BRI BAGWELL). WE ALSO WORKED WITH A LOCAL PARTNER, ARCADIA LIVE, TO PRESENT A NUMBER OF SHOWS IN KERRVILLE, COMPLETELY FREE OF CHARGE TO RESIDENTS OF KERR COUNTY (SHINYRIBS, JOSH & CHRISTY GRIDER AND JAMES MCMURTRY).
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FALL FESTIVAL 302,753 SILENT AUCTION 41,061 RAFFLE TICKETS 6,204 MISC INCOME 85,772 KERRCLIPSE 268,549
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANNUALLY, THE KERRVILLE FOLK FESTIVAL FOUNDATION ("KFF FOUNDATION- OR "FOUNDATION") NORMALLY PRODUCES THE 18-DAY KERRVILLE FOLK FESTIVAL (MAY 22 - JUNE 8, 2025) AND A 3-DAY EVENT CALLED WELCOME HOME FEST (OCTOBER 9-11). BECAUSE OF SEVERE FLOODING IMPACTS IN THE REGION THIS YEAR, WE CANCELED WELCOME HOME FEST TO FOCUS ON SUPPORTING OUR LOCAL COMMUNITY. THE KERRVILLE FOLK FESTIVAL ("KFF") IS THE FOUNDATION'S FLAGSHIP EVENT. ESTABLISHED IN 1972, THE KFF IS AMONG THE LONGEST CONTINUOUSLY RUNNING MUSIC FESTIVALS IN THE COUNTRY AND, IN 2025, WE CELEBRATED OUR 53RD ANNUAL FESTIVAL. DURING KFF, THE FOUNDATION HOSTS THE KERRVILLE FOLK FESTIVAL GRASSY HILL SINGER SONGWRITER COMPETITION. THE FOUNDATION RECEIVED ALMOST 1200 ENTRIES, FROM WHICH 24 FINALISTS WERE SELECTED TO PERFORM AT THE FESTIVAL. FROM THOSE 24 FINALISTS, 6 WINNERS ARE SELECTED; WINNERS RECEIVE A CASH PRIZE AND ARE INVITED TO PARTICIPATE IN A 10-DAY TOUR, PERFORMING AT TEXAS VENUES. DURING THE FESTIVAL, WE ALSO HOST A NUMBER OF SEMINARS AND WORKSHOPS, INCLUDING INSTRUMENT SPECIFIC WORKSHOPS (HARMONICA, UKULELE AND GUITAR) AS WELL AS SONGWRITING WORKSHOPS ON TOPICS SUCH AS CO-WRITING AND CREATIVE PROCESS. WE ALSO HOSTED A NUMBER OF EVENTS GEARED TOWARD THE YOUNGER GENERATION, INCLUDING FAMILY CONCERTS, A GOLF CART PARADE, A YOUNG ARTIST PERFORMANCE INCUBATOR ("YAPI") AND PRE-TEEN/TEENAGE SONGWRITING WORKSHOPS. WE WERE SCHEDULED TO HOLD OUR THREE-DAY WELCOME HOME FEST IN OCTOBER BUT ON JULY 4, THE KERR COUNTY AREA WAS HIT BY DEVASTATING FLOODS. WHILE THE PROPERTY WHERE THE FESTIVAL IS HELD WAS NOT DIRECTLY IMPACTED, WE RECOGNIZED THAT WE NEEDED TO SHIFT OUR FOCUS TO HELPING OUR LOCAL COMMUNITY. AS PART OF THAT EFFORT, WE CANCELED WELCOME HOME FEST AND PIVOTED TO DOING WHAT WE COULD TO HELP THOSE IMPACTED. TO THAT END, IN JULY, OUR STAFF KITCHEN AND A DEDICATED TEAM OF VOLUNTEERS PREPARED AND DELIVERED HOT MEALS TO RESCUE WORKERS, FIRE DEPARTMENTS AND IMPACTED CITIZENS, SOMETIMES PROVIDING AS MANY AS 1,000 MEALS A DAY. WE ALSO WORKED WITH OUR FAR-RANGING FESTIVAL COMMUNITY TO RAISE MONEY FOR FLOOD RELIEF EFFORTS AND TO PROVIDE NEEDED SUPPLIES SUCH AS WORK GLOVES, GENERATORS AND CHAIN SAWS. IN ADDITION, WE OPENED THE PROPERTY WHERE THE FESTIVAL OCCURS TO HOUSE DISPLACED INDIVIDUALS AND DEBRIS REMOVAL PERSONNEL. THE FOUNDATION ALSO PARTICIPATED IN MUSICAL FUND-RAISING EVENTS FOR THE COMMUNITY HELD IN AUSTIN, TX (WITH MICHAEL MARTIN MURPHY AND LYLE LOVETT) AND SAN ANTONIO, TX (LYLE LOVETT, LOS LONELY BOYS, RECKLESS KELLY AND BRI BAGWELL). WE ALSO WORKED WITH A LOCAL PARTNER, ARCADIA LIVE, TO PRESENT A NUMBER OF SHOWS IN KERRVILLE, COMPLETELY FREE OF CHARGE TO RESIDENTS OF KERR COUNTY (SHINYRIBS, JOSH & CHRISTY GRIDER AND JAMES MCMURTRY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KERRVILLE FOLK FESTIVAL FOUNDATION IS A MEMBERSHIP DRIVEN ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS, SUCH AS CHANGES IN THE AMOUNT OF MEMBERSHIP DUES, ARE DECIDED BY MEMBERSHIP MAJORITY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR, CHAIRMAN AND TREASURER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY IS DONE BY EXCLUDING MEMBERS FROM VOTING ON RELATED MATTERS, DISCLOSING ANY CONFLICT OF INTEREST PRIOR TO DISCUSSIONS, KEEPING RECORD OF ANY MEMBER WITH A CONFLICT OF INTEREST AND STATING THE POLICY FROM TIME TO TIME THAT BOARD MEMBERS ARE OBLIGATED TO DISCLOSE A CONFLICT OF INTEREST ON ANY TOPIC UNDER DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL MINUTES, DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL BOARD AND COMMITTEE MEETINGS ARE ALSO OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 4,891
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B

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