Civic Intelligence

International Folk Art Foundation

990 • Fiscal year 2013 • EIN 85-6000853

Jul 01, 2012 to Jun 30, 2013 • Filed on May 13, 2014

Organization ProfileN/A
PO Box 8807Santa Fe, NM 87504-8807
Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2013 filings • NTEE A • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

63rd percentile

7.5%

Faster asset growth than 63% of similar nonprofits.

2013 filings • NTEE A • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$23,489,648

Up $1,643,722 (+7.5%) from 2012

Net Assets

Up

$23,474,015

Up $1,641,337 (+7.5%) from 2012

Liabilities

Up

$15,633

Up $2,385 (+18%) from 2012

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin85th percentile

Revenue

$1,094,390

No earlier filing loaded for comparison.

Expenses

Down

$717,343

Down $65,043 (-8.3%) from 2012

Net Income

$377,047

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$40M$30M$20M$10M$0Assets 2010: $19,215,211Liabilities 2010: $7,316Net Assets 2010: $19,207,8952010Assets 2011: $23,388,540Liabilities 2011: $49,969Net Assets 2011: $23,338,5712011Assets 2012: $21,845,926Liabilities 2012: $13,248Net Assets 2012: $21,832,6782012Assets 2013: $23,489,648Liabilities 2013: $15,633Net Assets 2013: $23,474,0152013Assets 2014: $27,053,044Liabilities 2014: $3,523Net Assets 2014: $27,049,5212014Assets 2015: $26,212,119Liabilities 2015: $20,861Net Assets 2015: $26,191,2582015Assets 2016: $24,505,751Liabilities 2016: $7,485Net Assets 2016: $24,498,2662016Assets 2017: $27,336,599Liabilities 2017: $0Net Assets 2017: $27,336,5992017Assets 2018: $29,501,304Liabilities 2018: $33,970Net Assets 2018: $29,467,3342018Assets 2019: $30,068,919Liabilities 2019: $0Net Assets 2019: $30,068,9192019Assets 2020: $29,075,892Liabilities 2020: $7,790Net Assets 2020: $29,068,1022020Assets 2021: $38,080,422Liabilities 2021: $20,636Net Assets 2021: $38,059,7862021Assets 2022: $32,176,768Liabilities 2022: $3,701Net Assets 2022: $32,173,0672022Assets 2023: $33,617,186Liabilities 2023: $38,533Net Assets 2023: $33,578,6532023Assets 2024: $36,666,070Liabilities 2024: $49,168Net Assets 2024: $36,616,9022024

Highlighted filing

2013

Assets$23,489,648
Liabilities$15,633
Net Assets$23,474,015
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $766,6362010Expenses 2011: $612,7922011Expenses 2012: $782,3862012Revenue 2013: $1,094,390Expenses 2013: $717,343Net Income 2013: $377,0472013Revenue 2014: $3,570,873Expenses 2014: $863,878Net Income 2014: $2,706,9952014Revenue 2015: $2,556,294Expenses 2015: $1,706,180Net Income 2015: $850,1142015Revenue 2016: $482,828Expenses 2016: $1,062,539Net Income 2016: -$579,7112016Revenue 2017: $858,829Expenses 2017: $1,114,778Net Income 2017: -$255,9492017Revenue 2018: $1,430,873Expenses 2018: $863,928Net Income 2018: $566,9452018Revenue 2019: $1,344,487Expenses 2019: $776,872Net Income 2019: $567,6152019Revenue 2020: $1,380,032Expenses 2020: $823,032Net Income 2020: $557,0002020Revenue 2021: $894,003Expenses 2021: $708,548Net Income 2021: $185,4552021Revenue 2022: $2,786,006Expenses 2022: $785,531Net Income 2022: $2,000,4752022Revenue 2023: $880,247Expenses 2023: $825,902Net Income 2023: $54,3452023Revenue 2024: $1,189,756Expenses 2024: $1,000,738Net Income 2024: $189,0182024

Highlighted filing

2013

Revenue$1,094,390
Expenses$717,343
Net Income$377,047
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$1,400,796
Mission and Program Overview

Mission

To provide financial assistance to the museum of international folk art and further the understanding of folk art as it relates to the people of the world.

Major Activities

Activity 2
The international folk art foundation provided educational programs to approximately 180,000 people through school outreach and volunteer support.
Activity 3
The foundation provided management, design, and support of the museum's website and other social media sites. Approximately 60,000 people visited the museum's website.
Filing and Contact Details

Filer

EIN
85-6000853
Raw XML AppendixShowing 400 of 472 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOUNDATION COLLECTION CONSISTS OF FOLK ART PIECES. THE FOUNDATION HAS CHOSEN NOT TO CAPITALIZE THE COLLECTION; THIS IS AN ALLOWED PRACTICE UNDER GENERALLY ACCEPTED ACCOUNTING PRACTICES. COLLECTION ACQUISITIONS ARE EXPENSED OUT IN THE YEAR OF PURCHASE. DONATED COLLECTION PIECES ARE ACCOUNTED FOR BY AN IN-KIND DONATION OF THE VALUE OF THE PIECE, WITH AN EQUAL AMOUNT IN THE COLLECTION ACQUISITION EXPENSE ACCOUNT. THE FOUNDATION'S COLLECTION IS HOUSED AT THE MUSEUM OF INTERNATIONAL FOLK ART IN ACCORDANCE WITH AN AGREEMENT BETWEEN THE PARTIES. THE COLLECTION IS COVERED UNDER THE RISK MANAGEMENT PROGRAM OF THE STATE OF NEW MEXICO. DURING THE YEARS ENDED JUNE 30, 2013 AND 2012, THERE WERE NO ITEMS IN THE FOUNDATION'S COLLECTION THAT WERE DAMAGED, DESTROYED, OR LOST.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2ENDOWMENT-RELATED EARNINGS ARE TRANSFERRED TO THE GENERAL FUND FOR OPERATIONS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3TAX STATUS THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN DETERMINED TO BE AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3). THE FOUNDATION ADOPTED ASC 40-10 WHICH REQUIRES DISCLOSURE OF TAXABLE UNRELATED BUSINESS INCOME. NONE OF THE PRESENT OR ANTICIPATED FUTURE ACTIVITIES OF THE FOUNDATION ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AND THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4DONATED COLLECTION ITEMS 22,500.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation5PURCHASED COLLECTION ITEMS NOT CAPITALIZED 49,116. DONATED COLLECTION ITEMS 22,500.
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IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02329838
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10404 KIVA COURT SUITE G
IRS990ScheduleI/RecipientTable/AddressUS/City0SANTA FE
IRS990ScheduleI/RecipientTable/AddressUS/State0NM
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode087505
IRS990ScheduleI/RecipientTable/AmountOfCashGrant010000
IRS990ScheduleI/RecipientTable/EINOfRecipient0352285824
IRS990ScheduleI/RecipientTable/PurposeOfGrant0SUPPORT AN ARTIST OR CO-OP BY PAYING THEIR TRAVEL EXPENSES TO ATTEND THE FOLK ART MARKET.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10INTERNATIONAL FOLK ART ALLIANCE
IRS990ScheduleI/RecordsMaintained00
IRS990/ScheduleJRequired00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction010500
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0RENT RCD - FORMER BOARD MEMBER/TRUSTEE RECEIVED $10,500 FOR THE YEAR FOR THE RENTAL OF OFFICE SPACE.
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0JIM DOWNEY
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER BOARD MEMBER/TRUSTEE
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleM/AnyPropertyThatMustBeHeld00
IRS990ScheduleM/NumberOf8283Received00
IRS990ScheduleM/OtherNonCashContributionsTable/Description0JEWELRY
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues0APPRAISAL
IRS990ScheduleM/OtherNonCashContributionsTable/NonCashCheckbox0X
IRS990ScheduleM/OtherNonCashContributionsTable/NoncashContribsRptdF9900500
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions01
IRS990ScheduleM/ReviewProcessUnusualNCGifts00
IRS990ScheduleM/ThirdPartiesUsed00
IRS990ScheduleM/WorksOfArt/MethodOfDeterminingRevenues0APPRAISAL
IRS990ScheduleM/WorksOfArt/NonCashCheckbox0X
IRS990ScheduleM/WorksOfArt/NoncashContribsRptdF990022000
IRS990ScheduleM/WorksOfArt/NumberOfContributions01
IRS990ScheduleO/GeneralExplanation/Explanation0THE TRUSTEES REVIEW THE RETURN VIA EMAIL OR AT A SPECIAL MEETING, IF NECESSARY, PRIOR TO ITS FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD MEETS AND DISCUSSES ANY POTENTIAL CONFLICTS OF INTEREST. THE DISCUSSION AND VOTE TAKES PLACE WHILE THE SUBJECT IS OUT OF THE ROOM.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD MEETS IN EXECUTIVE SESSION AND DISCUSSES AND DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. MINUTES ARE TAKEN BY A BOARD MEMBER. THE BOARD ATTEMPTS TO FIND COMPARABLES AND THEY ARE INCLUDED DURING DISCUSSION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FOUNDATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST BY TELEPHONE OR IN WRITING.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NM
IRS990/StatesWhereCopyOfReturnIsFiled0NM
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0134848
IRS990/TemporarilyRestrictedNetAssets/EOY0146393
IRS990/Terminated00
IRS990/TermOrPermanentEndowments01
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101121 PASEO DE PERALTA
IRS990/TheBooksAreInCareOf/AddressUS/City0SANTA FE
IRS990/TheBooksAreInCareOf/AddressUS/State0NM
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode087501
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10LAUREL SETH
IRS990/TheBooksAreInCareOf/TelephoneNumber05059832612
IRS990/TotalAssets/BOY021845926

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$23,489,648
Liabilities
$15,633
Net assets
$23,474,015
Revenue
$1,094,390
Expenses
$717,343
Net income
$377,047
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.7$0.05$36.6$1.19$1.00$0.19
2023Detailed filing. Detailed filing data is available for this year.$33.6$0.04$33.6$0.88$0.83$0.05
2022Detailed filing. Detailed filing data is available for this year.$32.2$0.00$32.2$2.79$0.79$2.00
2021Detailed filing. Detailed filing data is available for this year.$38.1$0.02$38.1$0.89$0.71$0.19
2020Detailed filing. Detailed filing data is available for this year.$29.1$0.01$29.1$1.38$0.82$0.56
2019Detailed filing. Detailed filing data is available for this year.$30.1$0.00$30.1$1.34$0.78$0.57
2018Detailed filing. Detailed filing data is available for this year.$29.5$0.03$29.5$1.43$0.86$0.57
2017Detailed filing. Detailed filing data is available for this year.$27.3$0.00$27.3$0.86$1.11$0.26
2016Detailed filing. Detailed filing data is available for this year.$24.5$0.01$24.5$0.48$1.06$0.58
2015Detailed filing. Detailed filing data is available for this year.$26.2$0.02$26.2$2.56$1.71$0.85
2014Detailed filing. Detailed filing data is available for this year.$27.1$0.00$27.0$3.57$0.86$2.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$0.02$23.5$1.09$0.72$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$0.01$21.8$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$0.05$23.3$0.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$0.01$19.2$0.77