Rochester Folk Art Guild Inc

EIN: 166069240 501(c)(3) Arts, Culture & Humanities

Middlesex, NY

Total Revenue
$427,098
Total Expenses
$269,379
Total Assets
$1,430,444
Net Assets
$1,034,375
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
Paul Schliffer
Phone
5855543539
Tax Period
2023-01-01 to 2023-12-31

Rochester Folk Art Guild Inc, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 37% operating margin.

Mission

The purpose of the Guild is to have resident and non-resident members as well as apprentices and helpers working together in the study of intellectual, physical, emotional, and spiritual self-development through the production and sale of quality handicrafts and the shared communal responsibilities of maintaining its farm and facilities. The knowledge and skills gained are offered to the public through craft sales, apprenticeships, and educational programs.

Program Service Accomplishments

Program 1
Expenses: $250,065 Revenue: $130,150

The Guild serves 1,000 clients annually through its exhibitions, demonstrations of handicrafts, workshops, and sales in the Metropolitan areas of Upstate New York and at its home in Middlesex. In...

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The Guild serves 1,000 clients annually through its exhibitions, demonstrations of handicrafts, workshops, and sales in the Metropolitan areas of Upstate New York and at its home in Middlesex. In addition, over 300 men and women throughout the U.S. and abroad have studied traditional handcrafts in the Guild's apprenticeship programs, many of whom are now nationally recognized craftspeople. This program is also supported through contributions and investment income.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $279,124
Program Service Revenue $45,774
Investment Income $17,824
Other Revenue $84,376
TOTAL REVENUE $427,098

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,033
Fundraising Expenses $3,165
Program Expenses $250,065
Other Expenses $215,346
TOTAL EXPENSES $269,379

Year-over-Year Comparison

2023 2022 Change
Revenue $427,098 $259,239 +0.6%
Expenses $269,379 $255,038 +0.1%
Net Income $157,719 $4,201 +36.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
8
Volunteers
15

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
3
$21,000
Total Directors
13
$21,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen Runner President 0.50
Officer Director
$0 $0 $0
Paul Schliffer Treasurer 0.50
Officer Director
$15,000 $0 $15,000
Martin Runner Vice President (Ended 11/23) 0.50
Officer Director
$6,000 $0 $6,000
David Barnet Director 0.50
Director
$0 $0 $0
William Glasner Director 0.50
Director
$0 $0 $0
Sara Jedd-Burnett Director 0.50
Director
$0 $0 $0
Aaron Oldweiler Director (Ended 06/23) 0.50
Director
$0 $0 $0
Nicole Hummel Director 0.50
Director
$0 $0 $0
Michael Hunter Director 0.50
Director
$0 $0 $0
Howard Blair Director 0.50
Director
$0 $0 $0
Samuel Radford Director (Started 06/23) 0.50
Director
$0 $0 $0
Kymberly Finkle Director (Started 06/23) 0.50
Director
$0 $0 $0
Cordelia Machanoff Director (Started 06/23) 0.50
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
2024 No data No data No data No data
2023 $427,098 $269,379 $1,430,444 $157,719
2022 $259,239 $255,038 $1,308,043 $4,201
2021 $386,147 $237,843 $1,274,076 $148,304
2020 $171,522 $188,629 $1,116,059 $-17,107
2019 $168,726 $186,567 $1,032,325 $-17,841
2018 $200,665 $175,742 $1,031,990 $24,923
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