LIVING TRADITIONS INC

EIN: 113193909 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$1,392,995
Total Expenses
$1,386,965
Total Assets
$439,493
Net Assets
$98,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
LYNETTE WOOD
Phone
7185416464
Tax Period
2024-07-01 to 2025-06-30

LIVING TRADITIONS INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

LIVING TRADITIONS, INC. IS A MULTI-FACETED ARTS SPACE SHOWCASING EVOLVING FOLK AND TRADITIONAL MUSIC AND ART FROM NEW YORK CITY, THE AMERICAS, AND THE WORLD. OUR PROGRAMMING SUPPORTS ARTISTS, FOSTERS MUTI-GENERATIONAL COMMUNITY AND PROVIDES ENRICHMENT AND EDUCATION ABOUT OUR SHARED MUSICAL HERITAGE.

Program Service Accomplishments

Program 1
Expenses: $1,112,621 Revenue: $601,581

IN FY25, JALOPY'S ANNUAL SEASON INCLUDED 6 FESTIVALS, 3-5 WEEKLY CONCERTS AT ITS HOME LOCATION AND NUMEROUS PERFORMANCES AT STAGES ACROSS THE CITY AND STATE. THE BROOKLYN FOLK FESTIVAL CELEBRATED ITS...

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IN FY25, JALOPY'S ANNUAL SEASON INCLUDED 6 FESTIVALS, 3-5 WEEKLY CONCERTS AT ITS HOME LOCATION AND NUMEROUS PERFORMANCES AT STAGES ACROSS THE CITY AND STATE. THE BROOKLYN FOLK FESTIVAL CELEBRATED ITS 15TH YEAR, PARTNERING WITH SMITHSONIAN FOLKWAYS FOR THEIR 75TH ANNIVERSARY AND BRINGING LEGENDARY ARTISTS TO THE STAGE. IN-HOUSE CONCERTS FEATURED BOTH LOCAL EMERGING ARTISTS, TRAVELING BANDS AND RECOGNIZED LEADERS. JALOPY BEGAN A NEW SERIES, CALLED FOLK MUSIC MASTERS, AND HOSTED 4 CONCERTS WITH AN ARRAY OF ARTISTS. JALOPY PRODUCED CONCERTS AT VENUES IN MANHATTAN, BROOKLYN, QUEENS, HUDSON NY AND SHEFFIELD MASS. JALOPY HOSTED DOZENS OF WEEKLY MUSIC CLASSES AND WORKSHOPS EACH WEEK, EMPLOYING 35 TEACHING ARTISTS AND SERVING OVER 800 ADULTS AND CHILDREN. THROUGH THE COMMUNITY THROUGH MUSIC PROGRAM, JALOPY SERVED 1200 BROOKLYN PUBLIC SCHOOL CHILDREN WITH 8-12 WEEKS OF MUSIC ENRICHMENT. JALOPY RECORDS RELEASED 6 NEW ALBUMS OF FOLK AND TRADITIONAL MUSIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $642,855
Program Service Revenue $601,581
Investment Income $1,513
Other Revenue $147,046
TOTAL REVENUE $1,392,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $745,130
Fundraising Expenses $131,695
Program Expenses $1,112,621
Other Expenses $641,835
TOTAL EXPENSES $1,386,965

Year-over-Year Comparison

2024 2023 Change
Revenue $1,392,995 $1,150,225 +0.2%
Expenses $1,386,965 $1,295,119 +0.1%
Net Income $6,030 $-144,894 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
7
Employees
48
Volunteers
280

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$106,303
Total Directors
9
$54,403
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNETTE WOOD EXECUTIVE DI 40.00
Officer
$52,500 $0 $52,500
JULIA DEL PALACIO PRESIDENT 2.00
Officer Director
$1,000 $0 $1,000
ESTHER LUCILLE POOSER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
CHAD DICKERSON TREASURER 2.00
Officer Director
$0 $0 $0
ELI B SMITH SECRETARY 30.00
Officer Director
$52,803 $0 $52,803
GEORGE FUCHS TRUSTEE 2.00
Director
$0 $0 $0
ERNESTO GOMEZ TRUSTEE 5.00
Director
$0 $0 $0
ANNIE KEATING TRUSTEE 3.00
Director
$0 $0 $0
EVA PRIMACK TRUSTEE 3.00
Director
$600 $0 $600
GEOFFREY WOOD TRUSTEE 15.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,392,995 $1,386,965 $439,493 $6,030
2024 No data No data No data No data
2023 $1,078,791 $1,087,905 $583,944 $-9,114
2023 $1,079,899 $1,070,819 $268,311 $9,080
2022 $977,589 $781,318 $270,190 $196,271
2021 $468,555 $453,728 $187,700 $14,827
2020 $620,675 $601,339 $112,726 $19,336
2019 $640,801 $642,569 $10,864 $-1,768
2019 $639,016 $639,829 $8,996 $-813
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