Civic Intelligence

Piedmont Folk Legacies Inc.

EIN 74-3155165 • 501(c)3 • Eden, NC

Pub. 78 Eligible990-N CoverageNTEE A80

Profile

The purpose of piedmont folk legacies, inc. Is the celebration and continuity of the historical music and culture of the north carolina piedmont through the annual charlie pool music festival.

PO Box 867Eden, NC 27289-0867

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

7th percentile

-125%

Higher net margin than 7% of similar nonprofits.

NTEE A80 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

NTEE A80 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$282,635

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$282,635

No earlier filing loaded for comparison.

Revenue

$58,128

No earlier filing loaded for comparison.

Expenses

$130,809

No earlier filing loaded for comparison.

Net Income

-$72,681

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2024: $282,635Net Assets 2024: $282,6352024

Highlighted filing

2024

Assets$282,635
Liabilities-
Net Assets$282,635

Operations Trend

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

$200K$100K$0-$100KRevenue 2024: $58,128Expenses 2024: $130,809Net Income 2024: -$72,6812024

Highlighted filing

2024

Revenue$58,128
Expenses$130,809
Net Income-$72,681

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.83$2.83$0.58$1.31$0.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2024
Return Version
2023v6.0
Gross Receipts
$58,128
Mission and Program Overview

Mission

The purpose of piedmont folk legacies, inc. Is the celebration and continuity of the historical music and culture of the north carolina piedmont through the annual charlie pool music festival.

Program Services

DescriptionGrantsExpenses
THE PURPOSE OF THESE EXPENSES IS TO PROVIDE THE NECESSARY SUPPLIES AND PERSONNEL TO ALLOW PIEDMONT FOLK LEGACIES, INC. TO CONTRIBUTE IN THE CELEBRATION AND CONTINUITY OF THE HISTORICAL MUSIC AND CULTURE OF THE NORTH CAROLINA PIEDMONT THROUGH THE ANNUAL CHARLIE POOL MUSIC FESTIVAL.-$129,656
THE PURPOSE OF THESE EXPENSES IS TO PROVIDE THE NECESSARY SUPPLIES AND PERSONNEL TO ALLOW PIEDMONT FOLK LEGACIES, INC. TO CONTRIBUTE IN THE CELEBRATION AND CONTINUITY OF THE HISTORICAL MUSIC AND CULTURE OF THE NORTH CAROLINA PIEDMONT THROUGH THE ANNUAL CHARLIE POOL MUSIC FESTIVAL.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LOUISE W PRICEPresident/Tr-$0--
SHELDON BALBIRERVice-Preside-$0--
MARIANNE S AIKENSecretary-$0--
JENNIFER GRIFFINDirector-$0--
Filing and Contact Details

Filer

Filer Name
Piedmont Folk Legacies Inc
EIN
74-3155165
Address
PO BOX 867, EDEN, NC 27289-0867

Signing Officer

Name
Louise W Price
Title
President/treasurer
Signed
2024-02-13
Discuss with paid preparer
Yes

Preparer

Firm
Barham & Associates Cpas Pc
Address
PO BOX 899, EDEN, NC 27289-0899
Preparer
Thomas E Mabe
Phone
3366232151
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 7,758 website 2,199 supplies 3,452 event insurance 1,153 merchandise -329 workshops 200 contributions 100 dues 399 gifts 100 meals & entertainment 41 bank card fee 39 house expenses 3,601 park refurbishment 6,640 storage 1,274 pick instruments 828 hospitality 50 total 27,505

Form 990-ez, Part I, Line 20

CHANGE IN VALUE 6,397

Form 990-ez, Part II, Line 24

Tony rice scholarship fund 0 30,745 total 0 30,745

Form 990-ez, Part III

The purpose of piedmont folk legacies, inc. Is the celebration and continuity of the historical music and culture of the north carolina piedmont through the annual charlie pool music festival.

Form 990-ez, Part III, Line 28

The purpose of these expenses is to provide the necessary supplies and personnel to allow piedmont folk legacies, inc. To contribute in the celebration and continuity of the historical music and culture of the north carolina piedmont through the annual charlie pool music festival.

Form 990-ez, Part III, Line 31

The purpose of these expenses is to provide the necessary supplies and personnel to allow piedmont folk legacies, inc. To contribute in the celebration and continuity of the historical music and culture of the north carolina piedmont through the annual charlie pool music festival.

Raw XML Appendix131 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0EDEN
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 7,758 WEBSITE 2,199 SUPPLIES 3,452 EVENT INSURANCE 1,153 MERCHANDISE -329 WORKSHOPS 200 CONTRIBUTIONS 100 DUES 399 GIFTS 100 MEALS & ENTERTAINMENT 41 BANK CARD FEE 39 HOUSE EXPENSES 3,601 PARK REFURBISHMENT 6,640 STORAGE 1,274 PICK INSTRUMENTS 828 HOSPITALITY 50 TOTAL 27,505
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE 6,397
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TONY RICE SCHOLARSHIP FUND 0 30,745 TOTAL 0 30,745
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PURPOSE OF PIEDMONT FOLK LEGACIES, INC. IS THE CELEBRATION AND CONTINUITY OF THE HISTORICAL MUSIC AND CULTURE OF THE NORTH CAROLINA PIEDMONT THROUGH THE ANNUAL CHARLIE POOL MUSIC FESTIVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PURPOSE OF THESE EXPENSES IS TO PROVIDE THE NECESSARY SUPPLIES AND PERSONNEL TO ALLOW PIEDMONT FOLK LEGACIES, INC. TO CONTRIBUTE IN THE CELEBRATION AND CONTINUITY OF THE HISTORICAL MUSIC AND CULTURE OF THE NORTH CAROLINA PIEDMONT THROUGH THE ANNUAL CHARLIE POOL MUSIC FESTIVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PURPOSE OF THESE EXPENSES IS TO PROVIDE THE NECESSARY SUPPLIES AND PERSONNEL TO ALLOW PIEDMONT FOLK LEGACIES, INC. TO CONTRIBUTE IN THE CELEBRATION AND CONTINUITY OF THE HISTORICAL MUSIC AND CULTURE OF THE NORTH CAROLINA PIEDMONT THROUGH THE ANNUAL CHARLIE POOL MUSIC FESTIVAL.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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