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Folk Time Inc

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: Human Services — Multipurpose and Other / Human Service Organizations - Multipurpose (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.12M (2023)

Expenses
$1.06M (2023)

Total Assets
$776k (2023)

Total Liabilities
$120k (2023)

Source: Form 990 tax filings from 2011 to 2023

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
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,120,426
Expenses
$1,062,810
Net Income
$57,616
Net Assets
$656,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,113,823
99.4%
Program Services $0
Investment Income $35
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,568
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $36,845
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $670,764
63.1%
Assets/Debt
Total Assets $776,081
Total Liabilities $119,520
Net Assets $656,561
Compensation
Key Employees and Officers Compensation Related Other
Peter Starkey (Executive Director) $0 $0 $0
Leslie Ford (Chair) $0 $0 $0
Tina Farley (Vice Board Chair) $0 $0 $0
Ilyse Ball (Board Member) $0 $0 $0
Braunwynn Franklin (Board Member) $0 $0 $0
Nybelle Caruso (Board Member) $0 $0 $0
Susan Palmer (Board Member) $0 $0 $0
Catherine Fettig (Board Member) $0 $0 $0
Deborah Parker (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,353,029
Expenses
$1,245,699
Net Income
$107,330
Net Assets
$598,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,345,639
99.5%
Program Services $0
Investment Income $7,390
0.5%
Bond Proceeds $0
Royalties $0
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 $94,800
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $725,920
58.3%
Assets/Debt
Total Assets $729,629
Total Liabilities $130,684
Net Assets $598,945
Compensation
Key Employees and Officers Compensation Related Other
Michael Hlebechuk (Executive Director) $79,391 $0 $6,600
Leslie Ford (Chair) $0 $0 $0
Tina Farley (Vice Board Chair) $0 $0 $0
Jay Dudley (Treasurer 7/1/21 8/31/21) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Braunwynn Franklin (Board Memeber) $0 $0 $0
Marianne Tutor (Board Member 7/1/21 8/31/21) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,580,857
Expenses
$1,177,985
Net Income
$402,872
Net Assets
$516,795
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,580,758
100.0%
Program Services $0
Investment Income $99
0.0%
Bond Proceeds $0
Royalties $0
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 $94,014
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $758,609
64.4%
Assets/Debt
Total Assets $647,395
Total Liabilities $130,600
Net Assets $516,795
Compensation
Key Employees and Officers Compensation Related Other
Angel Prater 070120 122820 (Executive Director) $49,853 $0 $3,360
Michael Hlebechuk 122820 063021 (Executive Director) $38,000 $0 $2,800
Lynn Jones (Chair) $0 $0 $0
Tina Farley (Vice Board Chair) $0 $0 $0
Jay Dudley (Treasurer) $0 $0 $0
Leslie Ford (Board Memeber) $0 $0 $0
Devon Rose (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Braunwynn Franklin (Board Memeber) $0 $0 $0
Marianne O'neill Tutor (Board Memeber) $0 $0 $0
Alton Harvey (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,415,917
Expenses
$1,480,558
Net Income
-$64,641
Net Assets
$104,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,415,845
100.0%
Program Services $0
Investment Income $72
0.0%
Bond Proceeds $0
Royalties $0
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 $91,486
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $943,228
63.7%
Assets/Debt
Total Assets $493,524
Total Liabilities $389,429
Net Assets $104,095
Compensation
Key Employees and Officers Compensation Related Other
Angel Prater (Executive Director) $84,975 $0 $6,840
Lynn Jones (Chair) $0 $0 $0
Tina Farley (Vice Board Chair) $0 $0 $0
Jay Dudley (Treasurer) $0 $0 $0
Leslie Ford (Board Memeber) $0 $0 $0
Devon Rose (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Braunwynn Franklin (Board Memeber) $0 $0 $0
Marianne O'neill Tutor (Board Memeber) $0 $0 $0
Alton Harvey (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,481,797
Expenses
$1,492,154
Net Income
-$10,357
Net Assets
$168,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,481,728
100.0%
Program Services $0
Investment Income $69
0.0%
Bond Proceeds $0
Royalties $0
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 $91,989
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $897,507
60.1%
Assets/Debt
Total Assets $314,475
Total Liabilities $145,739
Net Assets $168,736
Compensation
Key Employees and Officers Compensation Related Other
Angel Prater (Executive Director) $83,907 $0 $0
Tina Farley (Chair) $0 $0 $0
Royce Bowlin (Vice Board Chair) $0 $0 $0
John Custer (Secretary) $0 $0 $0
Matt Farley (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Jay Dudley (Board Memeber) $0 $0 $0
Lynn Jones (Board Memeber) $0 $0 $0
Kelsey Jorgensen (Board Memeber) $0 $0 $0
Marianne O'neill Tutor (Board Memeber) $0 $0 $0
Alton Harvey (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,388,294
Expenses
$1,333,954
Net Income
$54,340
Net Assets
$179,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,374,965
99.0%
Program Services $0
Investment Income $38
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,584
1.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$293
Notable Expenses Percent of Total Expenses
Executive Compensation $66,690
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $812,155
60.9%
Assets/Debt
Total Assets $339,189
Total Liabilities $160,096
Net Assets $179,093
Compensation
Key Employees and Officers Compensation Related Other
Angel Prater (Executive Director) $27,477 $0 $0
Tina Farley (Chair) $0 $0 $0
Royce Bowlin (Vice Board Chair) $0 $0 $0
John Custer (Secretary) $0 $0 $0
Matt Farley (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Jay Dudley (Board Memeber) $0 $0 $0
Lynn Jones (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,354,900
Expenses
$1,295,868
Net Income
$59,032
Net Assets
$124,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,353,844
99.9%
Program Services $0
Investment Income $24
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,032
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $73,037
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $734,926
56.7%
Assets/Debt
Total Assets $247,768
Total Liabilities $123,015
Net Assets $124,753
Compensation
Key Employees and Officers Compensation Related Other
Karleen Mc Cabe (Former Executive Director) $44,110 $0 $0
Dawn Coleman (Executive Director) $24,722 $0 $0
Tina Farley (Chair) $0 $0 $0
Royce Bowlin (Vice Board Chair) $0 $0 $0
John Custer (Secretary) $0 $0 $0
Matt Farley (Board Memeber) $0 $0 $0
William Lam (Board Memeber) $0 $0 $0
Jay Dudley (Board Memeber) $0 $0 $0
Kathy Robertson (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,591,217
Expenses
$1,518,025
Net Income
$73,192
Net Assets
$65,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,591,233
> 100%
Program Services $0
Investment Income $65
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$81
Sales of Assets $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 $938,370
61.8%
Assets/Debt
Total Assets $206,964
Total Liabilities $141,243
Net Assets $65,721
Compensation
Key Employees and Officers Compensation Related Other
Kathy Lee Robertson (Chair) $0 $0 $0
Tina Farley (Interim Vice Chair) $0 $0 $0
Mark Gaskill (Board Memeber) $0 $0 $0
Jay Dudly (Board Memeber) $0 $0 $0
Matt Farley (Board Memeber) $0 $0 $0
Royce Bowlin (Board Memeber) $0 $0 $0
Nick Ridenour (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
William Lam (Board Memeber) $0 $0 $0
John Custer (Board Memeber) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,212,887
Expenses
$1,285,161
Net Income
-$72,274
Net Assets
-$7,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,214,856
> 100%
Program Services $0
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,979
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,000
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $732,548
57.0%
Assets/Debt
Total Assets $137,461
Total Liabilities $144,932
Net Assets -$7,471

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2015

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
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$969,822
Expenses
$996,910
Net Income
-$27,088
Net Assets
$64,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $961,931
99.2%
Program Services $0
Investment Income $38
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $7,853
0.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $69,241
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $522,236
52.4%
Assets/Debt
Total Assets $175,618
Total Liabilities $110,815
Net Assets $64,803
Compensation
Key Employees and Officers Compensation Related Other
Thomas Brady (Executive Director) $69,241 $0 $0
Tina Farley (Chair) $0 $0 $0
Mark Gaskill (Vice Chair & Developement Chair) $0 $0 $0
Herbert Ozer (Treasurer) $0 $0 $0
Maret Pfohman (Secretary) $0 $0 $0
Jay Dudly (Board Memeber) $0 $0 $0
Matt Farley (Board Memeber) $0 $0 $0
Lynn Jones (Board Memeber) $0 $0 $0
Michelle Madison (Board Memeber) $0 $0 $0
Ilyse Ball (Board Memeber) $0 $0 $0
Kathy Lee Robertson (Board Memeber) $0 $0 $0
Liz Waddle (Board Memeber) $0 $0 $0
Bobbi Jo Yarborough (Board Memeber) $0 $0 $0
Catherine Saunders (Board Memeber) $0 $0 $0
Kris Moore (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$910,294
Expenses
$785,825
Net Income
$124,469
Net Assets
$89,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $927,010
> 100%
Program Services $0
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$16,731
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,751
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $334,382
42.6%
Assets/Debt
Total Assets $184,756
Total Liabilities $94,980
Net Assets $89,776

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$422,155
Expenses
$478,674
Net Income
-$56,519
Net Assets
-$36,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $438,077
> 100%
Program Services $0
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$15,958
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,560
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $138,835
29.0%
Assets/Debt
Total Assets $148,951
Total Liabilities $185,080
Net Assets -$36,129

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$387,934
Expenses
$376,865
Net Income
$11,069
Net Assets
$20,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $401,488
> 100%
Program Services $0
Investment Income $117
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$13,671
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,717
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $89,447
23.7%
Assets/Debt
Total Assets $40,809
Total Liabilities $20,196
Net Assets $20,613

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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

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.

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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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