KERRVILLE FOLK FESTIVAL FOUNDATION

EIN: 742938648 501(c)(3) Arts, Culture & Humanities

KERRVILLE, TX

Total Revenue
$1,440,842
Total Expenses
$1,050,192
Total Assets
$2,007,837
Net Assets
$1,899,636
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
VAL STINSON
Phone
8302573600
Tax Period
2024-10-01 to 2025-09-30

KERRVILLE FOLK FESTIVAL FOUNDATION, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 27% operating margin.

Mission

TO PROMOTE PUBLIC APPRECIATION AND SUPPORT FOR SONGWRITERS, THE SONGWRITING CRAFT, AND FOLK MUSIC BY CREATING A COMMUNITY WHERE SONGCRAFT IS SUPPORTED AND FOLK MUSIC IS ENJOYED BY PEOPLE OF ALL AGES.

Program Service Accomplishments

Program 1
Expenses: $972,121 Revenue: $562,163

ANNUALLY, THE KERRVILLE FOLK FESTIVAL FOUNDATION ("KFF FOUNDATION- OR "FOUNDATION") NORMALLY PRODUCES THE 18-DAY KERRVILLE FOLK FESTIVAL (MAY 22 - JUNE 8, 2025) AND A 3-DAY EVENT CALLED WELCOME HOME...

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ANNUALLY, THE KERRVILLE FOLK FESTIVAL FOUNDATION ("KFF FOUNDATION- OR "FOUNDATION") NORMALLY PRODUCES THE 18-DAY KERRVILLE FOLK FESTIVAL (MAY 22 - JUNE 8, 2025) AND A 3-DAY EVENT CALLED WELCOME HOME FEST (OCTOBER 9-11). BECAUSE OF SEVERE FLOODING IMPACTS IN THE REGION THIS YEAR, WE CANCELED WELCOME HOME FEST TO FOCUS ON SUPPORTING OUR LOCAL COMMUNITY. THE KERRVILLE FOLK FESTIVAL ("KFF") IS THE FOUNDATION'S FLAGSHIP EVENT. ESTABLISHED IN 1972, THE KFF IS AMONG THE LONGEST CONTINUOUSLY RUNNING MUSIC FESTIVALS IN THE COUNTRY AND, IN 2025, WE CELEBRATED OUR 53RD ANNUAL FESTIVAL. DURING KFF, THE FOUNDATION HOSTS THE KERRVILLE FOLK FESTIVAL GRASSY HILL SINGER SONGWRITER COMPETITION. THE FOUNDATION RECEIVED ALMOST 1200 ENTRIES, FROM WHICH 24 FINALISTS WERE SELECTED TO PERFORM AT THE FESTIVAL. FROM THOSE 24 FINALISTS, 6 WINNERS ARE SELECTED; WINNERS RECEIVE A CASH PRIZE AND ARE INVITED TO PARTICIPATE IN A 10-DAY TOUR, PERFORMING AT TEXAS VENUES. DURING THE FESTIVAL, WE ALSO HOST A NUMBER OF SEMINARS AND WORKSHOPS, INCLUDING INSTRUMENT SPECIFIC WORKSHOPS (HARMONICA, UKULELE AND GUITAR) AS WELL AS SONGWRITING WORKSHOPS ON TOPICS SUCH AS CO-WRITING AND CREATIVE PROCESS. WE ALSO HOSTED A NUMBER OF EVENTS GEARED TOWARD THE YOUNGER GENERATION, INCLUDING FAMILY CONCERTS, A GOLF CART PARADE, A YOUNG ARTIST PERFORMANCE INCUBATOR ("YAPI") AND PRE-TEEN/TEENAGE SONGWRITING WORKSHOPS. WE WERE SCHEDULED TO HOLD OUR THREE-DAY WELCOME HOME FEST IN OCTOBER BUT ON JULY 4, THE KERR COUNTY AREA WAS HIT BY DEVASTATING FLOODS. WHILE THE PROPERTY WHERE THE FESTIVAL IS HELD WAS NOT DIRECTLY IMPACTED, WE RECOGNIZED THAT WE NEEDED TO SHIFT OUR FOCUS TO HELPING OUR LOCAL COMMUNITY. AS PART OF THAT EFFORT, WE CANCELED WELCOME HOME FEST AND PIVOTED TO DOING WHAT WE COULD TO HELP THOSE IMPACTED. TO THAT END, IN JULY, OUR STAFF KITCHEN AND A DEDICATED TEAM OF VOLUNTEERS PREPARED AND DELIVERED HOT MEALS TO RESCUE WORKERS, FIRE DEPARTMENTS AND IMPACTED CITIZENS, SOMETIMES PROVIDING AS MANY AS 1,000 MEALS A DAY. WE ALSO WORKED WITH OUR FAR-RANGING FESTIVAL COMMUNITY TO RAISE MONEY FOR FLOOD RELIEF EFFORTS AND TO PROVIDE NEEDED SUPPLIES SUCH AS WORK GLOVES, GENERATORS AND CHAIN SAWS. IN ADDITION, WE OPENED THE PROPERTY WHERE THE FESTIVAL OCCURS TO HOUSE DISPLACED INDIVIDUALS AND DEBRIS REMOVAL PERSONNEL. THE FOUNDATION ALSO PARTICIPATED IN MUSICAL FUND-RAISING EVENTS FOR THE COMMUNITY HELD IN AUSTIN, TX (WITH MICHAEL MARTIN MURPHY AND LYLE LOVETT) AND SAN ANTONIO, TX (LYLE LOVETT, LOS LONELY BOYS, RECKLESS KELLY AND BRI BAGWELL). WE ALSO WORKED WITH A LOCAL PARTNER, ARCADIA LIVE, TO PRESENT A NUMBER OF SHOWS IN KERRVILLE, COMPLETELY FREE OF CHARGE TO RESIDENTS OF KERR COUNTY (SHINYRIBS, JOSH & CHRISTY GRIDER AND JAMES MCMURTRY).

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $658,149
Program Service Revenue $562,163
Investment Income $30,987
Other Revenue $189,543
TOTAL REVENUE $1,440,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,217
Fundraising Expenses $3,072
Program Expenses $972,121
Other Expenses $863,975
TOTAL EXPENSES $1,050,192

Year-over-Year Comparison

2024 2023 Change
Revenue $1,440,842 $1,162,285 +0.2%
Expenses $1,050,192 $1,066,247 0.0%
Net Income $390,650 $96,038 +3.1%
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
10
Independent Members
10
Employees
4
Volunteers
750

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VAL STINSON PRESIDENT 5.00
Officer
$0 $0 $0
SAMI BURK VICE PRESIDE 5.00
Officer
$0 $0 $0
DAVID OBERMANN TREASURER 5.00
Officer
$0 $0 $0
J FRANK WEBSTER SECRETARY 5.00
Officer
$0 $0 $0
HILARY ADAMSON BOARD MEMBER 5.00
Director
$0 $0 $0
TEEL STAR FLEMING BOARD MEMBER 5.00
Director
$0 $0 $0
VALERIE LEIBERMAN BOARD MEMBER 5.00
Director
$0 $0 $0
DAVE WILMOTH BOARD MEMBER 5.00
Director
$0 $0 $0
KATE PREJEAN BOARD MEMBER 5.00
Director
$0 $0 $0
JOVITA ROY BOARD MEMEBE 5.00
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 $1,440,842 $1,050,192 $2,007,837 $390,650
2024 $1,162,285 $1,066,247 $1,658,993 $96,038
2023 $1,118,109 $1,196,318 $1,664,996 $-78,209
2022 $1,646,197 $1,197,596 $1,558,540 $448,601
2021 $701,907 $487,011 $1,351,248 $214,896
2020 $496,803 $398,805 $970,485 $97,998
2019 $885,698 $850,633 $855,595 $35,065
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