FOLKLORE SOCIETY OF GREATER WASHINGTON

EIN: 526059782 501(c)(3) Arts, Culture & Humanities

Cabin John, MD

Total Revenue
$152,869
Total Expenses
$173,027
Total Assets
$142,586
Net Assets
$118,830
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MD
Phone
3016968333
Tax Period
2024-09-01 to 2025-08-31

FOLKLORE SOCIETY OF GREATER WASHINGTON, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $153K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 13% operating deficit.

Mission

FURTHER THE UNDERSTANDING, INVESTIGATION, APPRECIATION, AND PERFORMANCE OF THE TRADITIONAL FOLK MUSIC AND FOLK LORE OF THE AMERICAN PEOPLE

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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 $36,332
Program Service Revenue $102,488
Investment Income $13,849
Other Revenue $200
TOTAL REVENUE $152,869

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $172,758
Other Expenses $170,027
TOTAL EXPENSES $173,027

Year-over-Year Comparison

2024 2023 Change
Revenue $152,869 $240,424 -0.4%
Expenses $173,027 $261,674 -0.3%
Net Income $-20,158 $-21,250 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
100

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCIA SCHAEFER PRESIDENT 10
Officer Director
$0 $0 $0
JAMIE PLATT VICE PRESIDENT 10
Officer Director
$0 $0 $0
JOEL BLUESTEIN TREASURER 10
Officer Director
$0 $0 $0
ALYSSA HEMLER SECRETARY 10
Officer Director
$0 $0 $0
ARISTHIDE NOBANZA DANCE CHAIR 5
Director
$0 $0 $0
PAUL LIEBERMAN PUBLICATIONS CHAIR 5
Director
$0 $0 $0
BETSY PLATT PROGRAM CHAIR 5
Director
$0 $0 $0
SHERRY SMITH MEMBERSHIP CHAIR 5
Director
$0 $0 $0
INGRID GORMAN PUBLICITY CHAIR 5
Director
$0 $0 $0
AYAN KISHORE AT LARGE 5
Director
$0 $0 $0
LIZ DONALDSON AT LARGE 5
Director
$0 $0 $0
TIM LIVENGOOD AT LARGE 5
Director
$0 $0 $0
JACKIE HOGLUND PAST TREASURER 5
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 $152,869 $173,027 $142,586 $-20,158
2024 $240,424 $261,674 $164,233 $-21,250
2023 $251,652 $271,049 $221,177 $-19,397
2021 $176,859 $140,392 $208,837 $36,467
2021 $108,694 $97,804 $174,202 $10,890
2020 $163,976 $163,365 $162,362 $611
2018 $274,846 $363,277 $195,815 $-88,431
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