Skip to content
Nonprofiteer
← INTERNATIONAL FOLK ART ALLIANCE INC

Form 990 for tax year 2022

Filed by INTERNATIONAL FOLK ART ALLIANCE INC.

Totals

Total revenue
$3,982,562
Total expenses
$2,183,465
Contributions and grants received
$2,951,725
Grants paid
$0
Program service revenue
$976,919
Investment income
$37,889
Other revenue
$16,029
Total assets, end of year
$7,523,511
Total liabilities, end of year
$136,503
Net assets or fund balances, end of year
$7,387,008
Program services expenses (Part IX)
$1,746,277
Management and general expenses
$189,540
Fundraising expenses
$247,648
Program service expenses (Part III)
$1,746,277

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $10,245

  • 1e · Government grants (contributions)

    $14,987

  • 1f · All other contributions, gifts and grants

    $2,926,493

  • 1g · Noncash contributions included above

    $105,486

  • 2a · Program service revenue: HANDLING FEE

    total $565,533 · related or exempt $565,533

  • 2b · Program service revenue: TICKET SALES

    total $251,626 · related or exempt $251,626

  • 2c · Program service revenue: BOOTH REVENUE

    total $159,760 · related or exempt $159,760

  • 3 · Investment income

    total $37,889 · excluded $37,889

  • 8a · Fundraising events: gross income

    $15,141

  • 8a · Fundraising events: contributions included on line 1c

    $10,245

  • 8b · Fundraising events: direct expenses

    $14,421

  • 8c · Net income from fundraising events

    total $720 · excluded $720

  • 10a · Gross sales of inventory

    $17,895

  • 10b · Cost of goods sold

    $38,519

  • 10c · Net income from sales of inventory

    total -$20,624 · excluded -$20,624

  • 11a · Other revenue: MISC INCOME

    total $35,933 · related or exempt $35,933

  • 11e · Other revenue, total

    $35,933

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $172,731 · program services $105,397 · management and general $48,612 · fundraising $18,722

  • 7 · Other salaries and wages

    total $334,975 · program services $211,188 · management and general $60,390 · fundraising $63,397

  • 8 · Pension plan contributions

    total $8,966 · program services $5,660 · management and general $1,581 · fundraising $1,725

  • 9 · Other employee benefits

    total $29,245 · program services $18,355 · management and general $5,686 · fundraising $5,204

  • 10 · Payroll taxes

    total $39,161 · program services $24,433 · management and general $8,340 · fundraising $6,388

  • 11b · Fees: legal

    total $151 · program services $138 · management and general $7 · fundraising $6

  • 11c · Fees: accounting

    total $45,845 · program services $41,690 · management and general $2,195 · fundraising $1,960

  • 11g · Fees: other

    total $147,355 · program services $126,706 · management and general $11,273 · fundraising $9,376

  • 14 · Information technology

    total $69,852 · program services $56,098 · management and general $2,478 · fundraising $11,276

  • 16 · Occupancy

    total $259,910 · program services $208,835 · management and general $24,105 · fundraising $26,970

  • 22 · Depreciation, depletion and amortization

    total $115,048 · program services $84,395 · management and general $14,347 · fundraising $16,306

  • 23 · Insurance

    total $13,625 · program services $11,183 · management and general $1,302 · fundraising $1,140

  • 24a · Other expenses: PROGRAM EXPENSES

    total $846,091 · program services $770,159 · management and general $1,778 · fundraising $74,154

  • 24b · Other expenses: IN-KIND GOODS

    total $58,792 · program services $58,595 · management and general $112 · fundraising $85

  • 24c · Other expenses: BANKING

    total $32,911 · program services $22,703 · management and general $585 · fundraising $9,623

  • 24d · Other expenses: MISC. EXPENSE

    total $8,807 · program services $742 · management and general $6,749 · fundraising $1,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,411,885 · end of year $2,042,793

  • 3 · Pledges and grants receivable

    beginning of year $314,186 · end of year $164,785

  • 8 · Inventories for sale or use

    beginning of year $143,418 · end of year $161,353

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,967 · end of year $17,317

  • 10a · Land, buildings and equipment: cost or other basis

    $3,956,394

  • 10b · Land, buildings and equipment: accumulated depreciation

    $684,739

  • 10c · Land, buildings and equipment, net

    beginning of year $973,918 · end of year $3,271,655

  • 11 · Investments: publicly traded securities

    beginning of year $1,093,846 · end of year $1,640,525

  • 15 · Other assets

    beginning of year $133,686 · end of year $225,083

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,517 · end of year $45,496

  • 25 · Other liabilities

    beginning of year $162,880 · end of year $91,007

  • 27 · Net assets without donor restrictions

    beginning of year $2,313,464 · end of year $5,568,267

  • 28 · Net assets with donor restrictions

    beginning of year $3,538,045 · end of year $1,818,741

Mission and programs · 2022

Mission

CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE WHO CELEBRATE AND PRESERVE FOLK ART TRADITIONS. WE ENVISION A WORLD THAT VALUES THE DIGNITY AND HUMANITY OF THE HANDMADE, HONORS TIMELESS CULTURAL TRADITIONS, AND SUPPORTS THE WORK OF FOLK ARTISTS SERVING AS ENTREPRENEURS AND CATALYSTS FOR POSITIVE SOCIAL CHANGE. TO AUGMENT THIS PURSUIT, THE ORGANIZATION MOVED TO A LARGER HEADQUARTERS, INVESTING IN TENANT IMPROVEMENTS AS THE FIRST PHASE OF A CAMPAIGN TO OWN THE BUILDING OUTRIGHT.

Activities or mission (Part I)

ORGANIZATION'S MISSION: CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE WHO CELEBRATE AND PRESERVE FOLK ART TRADITIONS. WE ENVISION A WORLD THAT VALUES THE DIGNITY AND HUMANITY OF THE HANDMADE, HONORS TIMELESS CULTURAL TRADITIONS, AND SUPPORTS THE WORK OF FOLK ARTISTS SERVING AS ENTREPRENEURS AND CATALYSTS FOR POSITIVE SOCIAL CHANGE. TO AUGMENT THIS PURSUIT, THE ORGANIZATION PURCHASED THE HEADQUARTERS BUILDING.

  • INTERNATIONAL FOLK ART MARKET: PRODUCING INTERNATIONAL FOLK ART MARKETS AS A PROGRAMMATIC OUTCOME OF HIGHLY CURATED ARTIST SELECTION AND ENTREPRENEURISM EDUCATION. IN 2021, IFAA WAS ABLE TO RETURN TO ITS ANNUAL EVENT IN JULY BUT MODIFICATIONS WERE MADE IN ORDER TO COMPLY WITH HEALTH ORDERS FROM THE STATE OF NEW MEXICO. IN 2022, IFAA RETURNED TO MORE NORMAL OPERATIONS WITH FEW HEALTH ORDER- DRIVEN MODIFICATIONS. THE ORGANIZATION WAS STILL IN A FINANCIAL AND OPERATIONAL REBUILDING PHASE THOUGH.

    Expenses $1,693,972 · Revenue $976,919

  • THE IFAM COLLECTION AT DALLAS MARKET CENTER: EXPANDING OPPORTUNITIES FOR ARTISANS BY OFFERING ADVANCED ENTREPRENEURISM EDUCATION, INCLUDING SOCIAL ENTERPRISE MODELS AND IN-COUNTRY CURRICULUM DELIVERY, AND SALES VENUES, INCLUDING WHOLESALE AND VIRTUAL CHANNELS. THIS WAS NOT PROVIDED IN 2021 HOWEVER THE MARKET IN THE DALLAS MARKET CENTER RESUMED IN 2022.

    Expenses $6,333

  • MENTOR TO MARKET (M2M): TRAINING PROGRAM THAT TEACHES ARTISTS CRITICAL MARKETING AND BUSINESS SKILLS TO HELP THEM IMPROVE THEIR SALES, THUS SUSTAINING THEIR TRADITIONS AND CREATING STRONGER ECONOMY FOR THEMSELVES AND THEIR COMMUNITIES. IN 2021, THESE TRAINING PROGRAMS CONTINUED ONLINE BUT RETURNED TO IN-PERSON TRAINING IN 2022.

    Expenses $24,208

  • FOLK ART MATTERS LECTURES: PROMOTING CULTURAL EXCHANGE BY PROVIDING THE GENERAL PUBLIC OPPORTUNITIES TO LEARN ABOUT INTERNATIONAL FOLK ART AS A TRANSMISSION OF METHODS, MATERIALS AND TECHNIQUES PASSED ON THROUGH GENERATIONS. IFAA RETURNED TO A LIMITED SCHEDULE OF LECTURES IN THE 3RD QUARTER OF 2021 AND QUARTERLY LECTURES AND WORKSHOPS IN 2022. LECTURES WERE FREE TO THE PUBLIC AND A SMALL MATERIALS FEE WAS CHARGED FOR WORKSHOPS.

    Expenses $21,764

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Kimball

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Hank Coleman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Adelman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Nancy Bern

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Ahmad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judith Benkendorf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marty Braniff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leigh Ann Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Anne Chognard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Domenici

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Durkovich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ardith Eicher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Philip Fimmano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maggie Hanson-Muse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Horowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monique Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gurmeet Kaur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antonio Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Mindling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Makenzie Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judith Pelham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shobhan Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helena Ribe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Sugg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kaki Grubbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Mann

    CEO

    Total calculated
    $172,731
    From this org
    $160,000
    From related orgs
    $0
    Other
    $12,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $4,800
    Nontaxable benefits
    $7,931
    Filer's total
    $172,731

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
WE USE REGIONAL COMPENSATION DATA; AN AD HOC COMMITTEE MADE UP OF MEMBERS OF THE BOARD REVIEW COMPENSATION AND EVALUATE THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349308572

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.