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International Folk Art Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.19M (2024)

Expenses
$1M (2024)

Total Assets
$36.7M (2024)

Total Liabilities
$49.2k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,189,756
Expenses
$1,000,738
Net Income
$189,018
Net Assets
$36,616,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $650
0.1%
Program Services $0
Investment Income $712,078
59.9%
Bond Proceeds $0
Royalties $571
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $476,457
40.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $94,312
9.4%
Assets/Debt
Total Assets $36,666,070
Total Liabilities $49,168
Net Assets $36,616,902
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $83,750 $0 $0
Julia Catron (President) $0 $0 $0
David Davenport (Vice President) $0 $0 $0
Rosalind Doherty (Secretary) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Randall Bell (Member) $0 $0 $0
John Draper (Member) $0 $0 $0
Edelma Huntley (Member) $0 $0 $0
Lisa Mayer (Member(unill August 2023)) $0 $0 $0
Roberta Syme (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$880,247
Expenses
$825,902
Net Income
$54,345
Net Assets
$33,578,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,250
4.6%
Program Services $743
0.1%
Investment Income $691,341
78.5%
Bond Proceeds $0
Royalties $1,946
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $145,967
16.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,000
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,617,186
Total Liabilities $38,533
Net Assets $33,578,653
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $77,499 $0 $7,500
Julia Catron (President) $0 $0 $0
David Davenport (Vice President) $0 $0 $0
Rosalind Doherty (Secretary) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Randall Bell (Member) $0 $0 $0
John Draper (Member) $0 $0 $0
Edelma Huntley (Member (Beginning Aug 2022)) $0 $0 $0
Lisa Mayer (Member) $0 $0 $0
Roberta Syme (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,786,006
Expenses
$785,531
Net Income
$2,000,475
Net Assets
$32,173,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,000
0.9%
Program Services $0
Investment Income $807,333
29.0%
Bond Proceeds $0
Royalties $1,050
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,952,623
70.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,999
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,176,768
Total Liabilities $3,701
Net Assets $32,173,067
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $73,000 $0 $4,300
Roberta Syme (Secretary) $0 $0 $0
David Davenport (President) $0 $0 $0
Rosalind Doherty (Member) $0 $0 $0
Lisa Mayer (Member) $0 $0 $0
Randall Bell (Treasurer) $0 $0 $0
Julia Catron (Vice President) $0 $0 $0
John Draper (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$894,003
Expenses
$708,548
Net Income
$185,455
Net Assets
$38,059,786
Notable Sources of Revenue Percent of Total Revenue
Contributions $140
0.0%
Program Services $15,787
1.8%
Investment Income $272,623
30.5%
Bond Proceeds $0
Royalties $1,477
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $603,976
67.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,000
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,080,422
Total Liabilities $20,636
Net Assets $38,059,786
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $70,000 $0 $3,700
Roberta Syme (Pres To 8/20, Then Sec) $0 $0 $0
David Davenport (Vp To 8/20, Then Pres) $0 $0 $0
Rosalind Doherty (Sec To 8/20, Then Member) $0 $0 $0
Lisa Mayer (Treas To 8/20, Then Member) $0 $0 $0
Randall Bell (Member To 8/20, Then Treas) $0 $0 $0
Julia Catron (Member To 8/20, Then Vp) $0 $0 $0
John Draper (Member) $0 $0 $0
David Matthews (Member) $0 $0 $0
Jim Snead (Member From 8/20) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,380,032
Expenses
$823,032
Net Income
$557,000
Net Assets
$29,068,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,516
4.2%
Investment Income $605,698
43.9%
Bond Proceeds $0
Royalties $3,753
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $712,065
51.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,813
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,075,892
Total Liabilities $7,790
Net Assets $29,068,102
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $73,502 $0 $3,813
Roberta Syme (President) $0 $0 $0
David Davenport (Vice President) $0 $0 $0
Rosalind Doherty (Secretary) $0 $0 $0
Lisa Mayer (Treasurer) $0 $0 $0
John Draper (Member) $0 $0 $0
David Matthews (Member) $0 $0 $0
Randall Bell (Member) $0 $0 $0
Julia Catron (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,344,487
Expenses
$776,872
Net Income
$567,615
Net Assets
$30,068,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $524,885
39.0%
Program Services $43,846
3.3%
Investment Income $605,774
45.1%
Bond Proceeds $0
Royalties $5,835
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $164,147
12.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,536
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,068,919
Total Liabilities $0
Net Assets $30,068,919
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $62,000 $0 $7,200
Roberta Syme (President) $0 $0 $0
David Davenport (Vice President) $0 $0 $0
Rosalind Doherty (Secretary) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Randall Bell (Member) $0 $0 $0
Julia Catron (Member) $0 $0 $0
Jim Snead (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,430,873
Expenses
$863,928
Net Income
$566,945
Net Assets
$29,467,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,000
1.7%
Program Services $32,769
2.3%
Investment Income $591,747
41.4%
Bond Proceeds $0
Royalties $3,021
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $778,336
54.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,727
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,501,304
Total Liabilities $33,970
Net Assets $29,467,334
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $62,500 $0 $11,000
Jim Snead (President) $0 $0 $0
John Draper (Vice President) $0 $0 $0
Lisa Mayer (Secretary) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Julia Catron (Member) $0 $0 $0
David Davenport (Member) $0 $0 $0
Rosalind Doherty (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$858,829
Expenses
$1,114,778
Net Income
-$255,949
Net Assets
$27,336,599
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,096
4.2%
Program Services $94,238
11.0%
Investment Income $723,220
84.2%
Bond Proceeds $0
Royalties $5,275
0.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,090
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,336,599
Total Liabilities $0
Net Assets $27,336,599
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $55,161 $0 $11,000
Jim Snead (President) $0 $0 $0
John Draper (Vice President) $0 $0 $0
Roberta Syme (Treasurer) $0 $0 $0
Georgia Carson (Secretary (Jul Aug 2016)) $0 $0 $0
Lisa Mayer (Secretary (Sep 2016 Jun 2017)) $0 $0 $0
Julia Catron (Member) $0 $0 $0
David Davenport (Member) $0 $0 $0
Ray Dewey (Member (Jul Aug 2016)) $0 $0 $0
Rosalind Doherty (Member) $0 $0 $0
David Matthews (Member) $0 $0 $0
Carmella Padilla (Member (Jul Aug 2016)) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$482,828
Expenses
$1,062,539
Net Income
-$579,711
Net Assets
$24,498,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,273
4.2%
Program Services $77,543
16.1%
Investment Income $1,058,109
> 100%
Bond Proceeds $0
Royalties $112,887
23.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$785,984
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,582
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,505,751
Total Liabilities $7,485
Net Assets $24,498,266
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $53,052 $0 $12,000
John Draper (President) $0 $0 $0
Lisa Mayer (Vice President) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Georgia Carson (Secretary) $0 $0 $0
Ray Dewey (Member) $0 $0 $0
Carmella Padilla (Member) $0 $0 $0
Jim Snead (Member) $0 $0 $0
Roberta Syme (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,556,294
Expenses
$1,706,180
Net Income
$850,114
Net Assets
$26,191,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,140
0.3%
Program Services $572,906
22.4%
Investment Income $1,074,533
42.0%
Bond Proceeds $0
Royalties $33,732
1.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $867,983
34.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,063
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,212,119
Total Liabilities $20,861
Net Assets $26,191,258
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $47,857 $0 $13,172
John Draper (President) $0 $0 $0
Lisa Mayer (Vice President) $0 $0 $0
David Matthews (Treasurer) $0 $0 $0
Georgia Carson (Secretary) $0 $0 $0
Ray Dewey (Member) $0 $0 $0
Willard Lewis (Member (July August)) $0 $0 $0
Carmella Padilla (Member) $0 $0 $0
Jim Snead (Member) $0 $0 $0
Roberta Syme (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,570,873
Expenses
$863,878
Net Income
$2,706,995
Net Assets
$27,049,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,425
0.0%
Program Services $74,353
2.1%
Investment Income $979,986
27.4%
Bond Proceeds $0
Royalties $15,840
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,499,269
70.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,750
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,053,044
Total Liabilities $3,523
Net Assets $27,049,521
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Laurel Seth (Executive Director) $47,857 $0 $11,000
James Snead (President) $0 $0 $0
Willard Lewis (Vice President) $0 $0 $0
Carmella Padilla (Secretary) $0 $0 $0
Roberta Syme (Treasurer) $0 $0 $0
Georgia Carson (Member) $0 $0 $0
Ray Dewey (Member) $0 $0 $0
John Draper (Member) $0 $0 $0
David Matthews (Member) $0 $0 $0
Lisa Mayer (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,094,390
Expenses
$717,343
Net Income
$377,047
Net Assets
$23,474,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,500
2.1%
Program Services $54,769
5.0%
Investment Income $832,200
76.0%
Bond Proceeds $0
Royalties $11,762
1.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $173,159
15.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $62,010
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,489,648
Total Liabilities $15,633
Net Assets $23,474,015

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,753,959
Expenses
$782,386
Net Income
$971,573
Net Assets
$21,832,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $126,715
7.2%
Investment Income $788,531
45.0%
Bond Proceeds $0
Royalties $8,767
0.5%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $829,946
47.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,123
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,845,926
Total Liabilities $13,248
Net Assets $21,832,678

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,224,096
Expenses
$612,792
Net Income
$611,304
Net Assets
$23,338,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,500
0.1%
Program Services $33,133
2.7%
Investment Income $787,477
64.3%
Bond Proceeds $0
Royalties $4,615
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $397,371
32.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $52,013
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,388,540
Total Liabilities $49,969
Net Assets $23,338,571

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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