Civic Intelligence

Folkwest Incorporated

EIN 84-1433591 • 501(c)3 • Pagosa Springs, CO

Profile

the mission of Folkwest is to culturally & economically enhance the

PO Box 3665Pagosa Springs, CO 81147

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 2019

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

64th percentile

$41,038

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-12%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $37,963 (-100%) from 2018

Liabilities

Down

$0

Down $12,497 (-100%) from 2018

Net Assets

Down

$0

Down $25,466 (-100%) from 2018

Revenue

Down

$523,835

Down $70,785 (-12%) from 2018

Expenses

Down

$549,301

Down $32,822 (-5.6%) from 2018

Net Income

Down

-$25,466

Down $37,963 (-304%) from 2018

Trend Graphs

Balance Sheet Trend

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

$40K$20K$0-$20KAssets 2010: -$1,383Liabilities 2010: $13,539Net Assets 2010: -$14,9222010Assets 2011: $6,307Liabilities 2011: $19,610Net Assets 2011: -$13,3032011Assets 2012: $7,948Liabilities 2012: $19,626Net Assets 2012: -$11,6782012Assets 2013: $27,404Liabilities 2013: $28,489Net Assets 2013: -$1,0852013Assets 2014: $18,519Liabilities 2014: $16,338Net Assets 2014: $2,1812014Assets 2015: $26,113Liabilities 2015: $34,873Net Assets 2015: -$8,7602015Assets 2016: $14,261Liabilities 2016: $13,124Net Assets 2016: $1,1372016Assets 2017: $24,061Liabilities 2017: $11,092Net Assets 2017: $12,9692017Assets 2018: $37,963Liabilities 2018: $12,497Net Assets 2018: $25,4662018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $467,3742010Expenses 2011: $552,6222011Expenses 2012: $526,0352012Revenue 2013: $534,236Expenses 2013: $527,930Net Income 2013: $6,3062013Revenue 2014: $533,975Expenses 2014: $524,961Net Income 2014: $9,0142014Revenue 2015: $544,168Expenses 2015: $555,109Net Income 2015: -$10,9412015Revenue 2016: $549,761Expenses 2016: $539,864Net Income 2016: $9,8972016Revenue 2017: $569,237Expenses 2017: $557,405Net Income 2017: $11,8322017Revenue 2018: $594,620Expenses 2018: $582,123Net Income 2018: $12,4972018Revenue 2019: $523,835Expenses 2019: $549,301Net Income 2019: -$25,4662019

Highlighted filing

2019

Revenue$523,835
Expenses$549,301
Net Income-$25,466

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 21, 2017
Return Version
2016v3.0
Gross Receipts
$549,761
Mission and Program Overview

Mission

The mission of folkwest is to culturally & economically enhance the

FolkWest promotes live acoustic, roots, folk and bluegrass music through its two annual music festivals (Pagosa Folk 'n Bluegrass and the Four Corners Folk Festival) and educational music camp held each June in Pagosa Springs, Colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,651$12,971▼ $10,680
Prepaid Expenses and Deferred Charges$1,290$1,290→ $0
Accounts Receivable$1,172$0▼ $1,172
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$26,113$14,261▼ $11,852
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$34,873$13,124▼ $21,749
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$34,873$13,124▼ $21,749
Net Assets / Fund Balance
Unrestricted Net Assets$-8,760$1,137▲ $9,897
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-8,760$1,137▲ $9,897
Total Liabilities and Net Assets / Fund Balance$26,113$14,261▼ $11,852
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Crista A MunroExecutive DirectorFT$45,368$12,796$58,164
Daniel J AppenzellerEvent Director & PresPT$42,294$9,274$51,568
Ann Marie BubbBoard Member-$1,325-$1,325

Board Members and Trustees

NameTitle
Brian W SmithVice President
Claudia RosenbaumBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$50,287
Program Service Revenue
$499,474
Investment Income
$0
Other Revenue
$0
All Other Contributions
$41,787
Change in Net Assets
$9,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$405,612
Salaries, Compensation, and Employee Benefits$134,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$94,861$0$0$94,861
Current Officers, Directors, Trustees, and Key Employees$79,817$9,170$0$88,987
Fees for Services Other$20,238$3,200$0$23,438
Other Employee Benefits$21,265$886$0$22,151
Advertising$17,656$0$0$17,656
Other Salaries and Wages$15,075$0$0$15,075
Payroll Taxes$7,798$241$0$8,039
All Other Expenses$7,905$0$0$7,905
Office Expenses$3,666$1,200-$4,866
Insurance$4,526$300$0$4,826
Interest$3,235$1,200$0$4,435
Travel$2,813$0$0$2,813
Information Technology$1,072$0$0$1,072
Conferences and Meetings$600$0$0$600
Fees for Services Accounting$250$0$0$250
Total Functional Expenses$523,667$16,197$0$539,864
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Part VI, Section A, Line 2

Dan Appenzeller and Crista Munro are married.

Form 990, Part VI, Section A, Line 9

Ann Bubb, 145 Woodland Drive, Pagosa Springs, CO 81147, Crista Munro - 4469 Calumet Way, Eugene, OR 97404; Dan Appenzeller, 4469 Calumet Way, Eugene, OR 97404; Claudia Rosenbaum - P.O. Box 1389, Pagosa Springs, CO 81147; Brian Smith, P.O. Box 5258, Pagosa Springs, CO 81147

Form 990, Part VI, Section B, Line 11B

PDF copies are distributed to board members, along with organization's financial statements, for review prior to IRS filing.

Form 990, Part VI, Section C, Line 19

FolkWest is required to post a financial report on the Colorado Secretary of State website each year.

Filing and Contact Details

Filer

Filer Name
Folkwest Incorporated
EIN
84-1433591
Phone
9707315582
Address
PO Box 3665, Pagosa Springs, CO 81147

Signing Officer

Name
Crista Munro
Title
Executive Director
Phone
9707315582
Signed
2017-07-21

Organization Details

Principal Officer
Crista Munro
Formed
1998
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
750
Raw XML AppendixShowing 400 of 539 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Event Director & Pres
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IRS990/MissionDesc0The mission of FolkWest is to culturally and economically benefit the community of Pagosa Springs, Colorado and the surrounding region with cultural tourism through the production of two roots music festivals and an educational music camp.
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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01200
IRS990/OfficeExpensesGrp/ProgramServicesAmt03666
IRS990/OfficeExpensesGrp/TotalAmt04866
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0886
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021265
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022151
IRS990/OtherExpensesGrp/Desc0Musician Fees & Hospitality
IRS990/OtherExpensesGrp/Desc1Equipment Rental (Tents, Sound, Lights)
IRS990/OtherExpensesGrp/Desc2Cost of Goods Sold
IRS990/OtherExpensesGrp/Desc3Event Services & Supplies
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0156685
IRS990/OtherExpensesGrp/ProgramServicesAmt143505
IRS990/OtherExpensesGrp/ProgramServicesAmt242700
IRS990/OtherExpensesGrp/ProgramServicesAmt394861
IRS990/OtherExpensesGrp/TotalAmt0156685
IRS990/OtherExpensesGrp/TotalAmt143505
IRS990/OtherExpensesGrp/TotalAmt242700
IRS990/OtherExpensesGrp/TotalAmt394861
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015075
IRS990/OtherSalariesAndWagesGrp/TotalAmt015075
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0241
IRS990/PayrollTaxesGrp/ProgramServicesAmt07798
IRS990/PayrollTaxesGrp/TotalAmt08039
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01290
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01290
IRS990/PrincipalOfficerNm0Crista Munro
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The 11th Annual Pagosa Folk 'N Bluegrass festival was held in the first weekend of June. The musical lineup included 14 national and regional acts who performed and taught traditional folk, bluegrass and old time music to an all-ages audience. Musical lineup included Eileen Ivers, Aoife O'Donovan, Caravan of Thieves, Rob Ickes & Trey Hensley, Tony Furtado and many others.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0178155
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0162638
IRS990/ProgSrvcAccomActy3Grp/Desc0The Pagosa Springs Bluegrass Jam Camps were held during the 3-day period immediately preceding the Pagosa Folk 'N Bluegrass festival. Camp was attended by 42 youths age 8-16 and 34 adults, who participated in intensive instructional sessions culminating in a camp performance for family and friends on the festival stage. The youth camp is facilitated by Bluegrass Camp for Kids, a nonprofit organization that teaches bluegrass camps all over the country. The adult camp was taught by Colorado bluegrass band FY5.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt021594
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt018040
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt035515
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0423349
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0508653
IRS990/PYRevenuesLessExpensesAmt0-10941
IRS990/PYSalariesCompEmpBnftPaidAmt0131760
IRS990/PYTotalExpensesAmt0555109
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0544168
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt09897
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0368865
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00

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