FOLK ARTS CENTER OF NEW ENGLAND INC

EIN: 510151827 501(c)(3) Arts, Culture & Humanities

Stoneham, MA

Total Revenue
$401,858
Total Expenses
$403,808
Total Assets
$370,703
Net Assets
$301,321
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MA
Principal Officer
Carl Lazarus
Phone
7814384387
Tax Period
2024-08-01 to 2025-07-31

FOLK ARTS CENTER OF NEW ENGLAND INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $402K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

To promote traditional folk dance and music

Program Service Accomplishments

Program 1
Expenses: $327,312 Revenue: $389,106

To present classes, workshops, parties, concerts, and camps that provide opportunities to learn, practice, and appreciate folk dance, music, and culture from around the word, as well as support to...

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To present classes, workshops, parties, concerts, and camps that provide opportunities to learn, practice, and appreciate folk dance, music, and culture from around the word, as well as support to dancers and musicians

Program 2
Expenses: $0 Revenue: $0

To provide information and referral services on dance resources available in the greater Boston area

Program 3
Expenses: $10,060 Revenue: $13,106

To make available folk dance recordings, sheet music, and instructions for the dance community

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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 $97,615
Program Service Revenue $288,844
Investment Income $9,942
Other Revenue $5,457
TOTAL REVENUE $401,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,858
Fundraising Expenses $19,449
Program Expenses $337,372
Other Expenses $283,950
TOTAL EXPENSES $403,808

Year-over-Year Comparison

2024 2023 Change
Revenue $401,858 $428,717 -0.1%
Expenses $403,808 $352,402 +0.1%
Net Income $-1,950 $76,315 -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
8
Independent Members
8
Employees
3
Volunteers
50

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
4
$0
Total Directors
8
$0
Key Employees
1
$83,579
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marcie Van Cleave Executive Director 40
Key Emp
$83,579 $0 $83,579
James Madigan President 3
Officer Director
$0 $0 $0
Almas Dossa Vice President 1
Officer Director
$0 $0 $0
Carl Lazarus Treasurer 3
Officer Director
$0 $0 $0
Ron Wilkinson Secretary 1
Officer Director
$0 $0 $0
Barbara Merson Director 1
Director
$0 $0 $0
Carolyn Ramm Director 1
Director
$0 $0 $0
David Salstein Director 1
Director
$0 $0 $0
Susan White Director 1
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 $401,858 $403,808 $370,703 $-1,950
2024 $428,717 $352,402 $364,995 $76,315
2023 $377,918 $379,625 $267,353 $-1,707
2022 $243,489 $257,367 $253,940 $-13,878
2021 $267,248 $228,390 $281,123 $38,858
2020 $298,229 $284,306 $225,626 $13,923
2019 $372,362 $369,117 $226,913 $3,245
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