Philadelphia Folk Song Society in Philadelphia, Pennsylvania (PA)

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Philadelphia Folk Song Society
Employer Identification Number (EIN)236296972
Name of OrganizationPhiladelphia Folk Song Society
Address7113 Emlen St, Philadelphia, PA 19119-2913
ActivitiesOther school related activities, Scholarships (other)
SubsectionEducational Organization
Ruling Date09/1962
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2012
Assets$500,000 to $999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$639,259
Amount of Income$1,612,309
Form 990 Revenue Amount$1,517,424
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2012: $1,612,309
Philadelphia Folk Song Society: 

 $1,612,309
Other organizations performing similar types of work: 

 $182,080

Assets in 2012: $639,259
Philadelphia Folk Song Society: 

 $639,259
Other organizations performing similar types of work: 

 $149,770

Expenses in 2003: $1,177,385
This organization: 

 $1,177,385
Other organizations performing similar types of work: 

 $1,674,264

Income to expenses ratio in 2003: 0.9
Philadelphia Folk Song Society: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2003: 98.1%
Philadelphia Folk Song Society: 

 98.1%
Other organizations performing similar types of work: 

 78.4%

Number of employees in 2003: 1
Philadelphia Folk Song Society: 

 1
Other organizations performing similar types of work: 

 24

Employees paid over $50,000 in 2003: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 7.7%

Grants share in income in 2003: 2.7%
This organization: 

 2.7%
Other organizations performing similar types of work: 

 43.1%

Financial snapshot ($)

Revenue for 2003

Assets at end of 2003

Expenses for 2003

Functional Expenses for 2003 ($)

Income-Producing Activities for 2003

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003
Total revenue$1,221,253$1,353,252$503,896$1,020,023
Contributions, gifts, grants, and similar amounts received$35,717$80,242$27,732$27,949
Contributions to donor advised funds
Direct public support$35,717$80,242$27,732$27,949
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$801,584$1,063,001$808,408$825,603
Membership dues and assessments$53,711$58,292$58,104$43,632
Interest on savings and temporary cash investments$2,811$273$49$20
Dividends and interest from securities$228,586$22,733$16,569$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$14,262$2,156$-503,147$-1,606
Gross amount from sales of assets other than inventory$159,221$25,000$866,600$578,813
Less: cost or other basis and sales expenses$144,959$22,844$1,369,747$580,419
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$84,582$126,555$96,181$124,425
Gross sales of inventory, less returns and allowances$156,069$363,213$244,175$260,885
Less: cost of goods sold$71,487$236,658$147,994$136,460
Other revenue$0$0$0$0
Total expenses$1,073,078$1,288,933$1,251,382$1,177,385
Program services$947,189$1,155,065$1,231,889$1,155,183
Management and general$125,889$133,868$19,493$22,202
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$1,597,835$1,443,096$1,181,906$1,032,755
Excess or (deficit) for the year$148,175$64,319$-747,486$-157,362
Net assets or fund balances at beginning of year$1,979,762$1,597,835$1,443,096$1,181,906
Other changes in net assets or fund balances$-530,102$-219,058$486,296$8,211
Statement of Functional Expenses (for 2003)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,177,385$1,155,183$22,202$0
Grants paid from donor advised funds
Other grants and allocations$9,897
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$38,055$38,055$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$802$802$0$0
Payroll taxes$3,698$3,698$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,010$14,010$0$0
Legal fees$0$0$0$0
Supplies$62,341$62,341$0$0
Telephone$15,531$15,531$0$0
Postage and shipping$25,242$25,242$0$0
Occupancy$134,786$134,786$0$0
Equipment rental and maintenance$157,516$157,516$0$0
Printing and publications$36,003$36,003$0$0
Travel$5,316$5,316$0$0
Conferences, conventions, and meetings$1,960$1,960$0$0
Interest$57$57$0$0
Depreciation, depletion, etc.$41,519$19,317$22,202$0
Other expenses not covered above$630,652$630,652$0$0
Balance Sheets
2000200120022003
Total assets$1,644,840$1,542,726$1,275,039$1,070,551
Cash - non-interest-bearing$15,700$18,190$57,879$10,620
Savings and temporary cash investments$3,264$17,344$4,669$3,611
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$101,275$44,070$83,833$83,560
Prepaid expenses and deferred charges$58,172$28,164$12,832$9,137
Investments - publicly-traded securities
Investments - other securities$1,057,599$900,098$580,419$472,526
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$408,830$534,860$535,407$491,097
Other assets, including program-related investments$0$0$0$0
Total liabilities$47,005$99,630$93,133$37,796
Accounts payable and accrued expenses$0$2,465$25,692$8,960
Grants payable$10,350$0$0$0
Deferred revenue$35,196$43,261$67,441$18,702
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$10,134
Other liabilities$1,459$53,904$0$0
Total liabilities and net assets/fund balances$1,644,840$1,542,726$1,275,039$1,070,551
Total net assets or fund balances$1,597,835$1,443,096$1,181,906$1,032,755
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003
Total revenue$1,221,253$1,353,252$503,896$1,020,023
Total revenue, gains, and other support per audited financial statements$691,151$1,130,860$989,597$1,032,549
Other expenses$-530,102$-222,391$485,702$12,526
Net unrealized gains on investments$0$0$0$12,526
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$-530,102$-222,391$485,702$0
Other revenue$0$1$1$0
Investment expenses$0$0$0$0
Other$0$1$1$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003
Total expenses$1,073,078$1,288,933$1,251,382$1,177,385
Total expenses and losses per audited financial statements$1,073,078$1,285,600$1,250,787$1,181,700
Other revenue$0$0$0$4,315
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$4,315
Other expenses$0$3,333$595$0
Investment expenses$0$0$0$0
Other$0$3,333$595$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20061
Analysis of Income-Producing Activities (for 2003)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$20$992,054
Program service revenue
Program service revenue 1000000$000$0$775,946
Program service revenue 2000000$000$0$3,025
Program service revenue 3000000$000$0$35,511
Program service revenue 4000000$000$0$3,629
Program service revenue 5000000$000$0$7,492
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$43,632
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$20$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$-1,606
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$124,425
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2003)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2003)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2003)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
1999200020012002
Total$1,125,729$1,278,478$1,587,753$1,155,036
Gifts, grants, and contributions received$3,224$35,717$80,242$27,732
Membership fees received$41,418$53,711$58,292$58,104
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$923,545$957,653$1,426,213$1,052,582
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$157,542$231,397$23,006$16,618
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2003)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,118,449
Contributions, Gifts, Grants and Other Similar Amounts$167,773
Program Service Revenue$857,147
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,543
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$90,648
Gross sales of inventory, less returns and allowances$174,978
Less: cost of goods sold$84,330
Miscellaneous Revenue$1,338
Statement of Functional Expenses (for 2011)
Total functional expenses$1,245,046
Compensation of current officers, directors, trustees, and key employees$56,512
Other salaries and wages$34,132
Payroll taxes$6,254
Professional fundraising services$0
Other$1,148,148
Balance Sheet (for 2011)
Total assets$695,550
Total liabilities$137,377
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$137,377
Total net assets or fund balances$558,173
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$5,438,032
Gifts, grants, contributions, and membership fees received$691,989
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$4,681,767
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$16,179
Other$48,097
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Pittsburgh Trust For Cultural Resources803 Liberty Ave, Pittsburgh, PA 15222-3703PA1984-07$56,306,221
2Walker Art Center Inc1750 Hennepin Ave, Minneapolis, MN 55403-2115MN1946-09$31,745,319
3Munson-Williams-Proctor Institute310 Genesee St, Utica, NY 13502-4764NY1942-07$20,012,067
4Dia Center For The Arts Inc535 W 22nd St Fl 4, New York, NY 10011-1119NY1974-09$18,766,814
5Artsquest25 West Third St Suite 300, Bethlehem, PA 18015-1238PA1987-02$18,739,449
6Montalvo Association15400 Montalvo Rd, Saratoga, CA 95070-6327CA1955-05$12,997,561
7John Michael Kohler Arts Center Inc608 New York Ave, Sheboygan, WI 53081-4507WI1961-03$12,928,828
8Clay Center For The Arts & Sciences Of West Virginia Inc1 Clay Sq, Charleston, WV 25301-2424WV1991-12$7,105,044
9Philadelphia Folk Song Society7113 Emlen St, Philadelphia, PA 19119-2913PA1962-09$1,612,309
10Philadelphia Art Alliance251 S 18th Street, Philadelphia, PA 19103-6168PA1949-05$826,475
11Philadelphia Fringe Festival32 N Front St, Philadelphia, PA 19106-2239PA1998-03$3,404,158
12Community Arts Center414 Plush Mill Rd, Wallingford, PA 19086-6025PA1950-02$1,453,120
13Laurel ArtsPO BOX 414, Somerset, PA 15501-0414PA1975-11$703,017
14Central Pennsylvania Festival Of The Arts IncPO BOX 1023, State College, PA 16804-1023PA1970-12$687,178
15Mayfair Inc2141 Downyflake Ln Ste 2, Allentown, PA 18103-4774PA1986-11$560,459
16Community Arts Center Of Cambria County1217 Menoher Blvd, Johnstown, PA 15905-2145PA1971-12$501,976
17Institute For CulturalPO BOX 1425, Harrisburg, PA 17105-1425PA1996-08$344,055
18Philadelphia Folklore Project735 S 50th St, Philadelphia, PA 19143-3328PA1989-10$325,319
19Allens Lane Art Center Association104 W Front St, Media, PA 19063-3208PA1955-03$312,773
20Cheltenham Township Art Centre439 Ashbourne Rd, Cheltenham, PA 19012-1705PA1941-04$267,721
Number of organizations performing similar types of work
Alaska4
Alabama6
Arkansas10
Arizona10
California79
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida32
Georgia11
Hawaii12
Iowa7
Idaho2
Illinois21
Indiana5
Kansas11
Kentucky4
Louisiana11
Massachusetts30
Maryland19
Maine6
Michigan21
Minnesota17
Missouri11
Mississippi3
Montana7
North Carolina26
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York76
Ohio23
Oklahoma4
Oregon11
Pennsylvania39
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas35
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total733

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