New Jersey Folk Festival in New Brunswick, New Jersey (NJ)

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New Jersey Folk Festival
Employer Identification Number (EIN)223590399
Name of OrganizationNew Jersey Folk Festival
In Care of NameDr Angus Kress Gillespie
Address131 George St, New Brunswick, NJ 08901-1414
SubsectionEducational Organization
Ruling Date03/1999
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$42,560
Amount of Income$43,466
Form 990 Revenue Amount$43,466
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2014: $43,466 (it was $35,866 in 2013)
New Jersey Folk Festival: 

 $43,466
Other organizations performing similar types of work: 

 $195,015

Assets in 2014: $42,560 (it was $34,900 in 2013)
New Jersey Folk Festival: 

 $42,560
Other organizations performing similar types of work: 

 $137,152

Expenses in 2014: $36,005
This organization: 

 $36,005
Other organizations performing similar types of work: 

 $181,390

Income to expenses ratio in 2014: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 23.9%
This organization: 

 23.9%
Other organizations performing similar types of work: 

 49.7%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2011201220132014
Total revenue$16,287$35,858$35,866$43,466
Contributions, gifts, grants, and similar amounts received$11,250$9,529$3,000$10,390
Program service revenue including government fees and contracts$0$26,309$32,854$32,914
Membership dues and assessments$0$0$0$150
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$1,857$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$3,180$20$12$12
Total expenses$21,802$38,974$40,374$36,005
Total net assets$42,487$39,371$34,863$42,324
Excess/Deficit for the year$-5,515$-3,116$-4,508$7,461
Net assets or fund balances at beginning of year$48,002$42,487$39,371$34,863
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$39,371$34,863$42,324
Balance Sheets
2011201220132014
Total assets$42,487$39,407$34,900$42,560
Total liabilities$0$36$37$236
Net assets or fund balances$42,487$39,371$34,863$42,324
Other Information
2011201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$201,135
Subtotal$201,135
Gifts, grants, contributions, and membership fees received$46,901
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$146,082
Gross receipts from activities that are not an unrelated trade or business under section 513$8,152
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$201,179
Public support$201,135
Subtotal$44
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$44
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1St Anns Warehouse Inc55 Washington St Ste 458, Brooklyn, NY 11201-1059NY1984-01$5,107,486
2The Wichita Center For The Arts Inc9112 E Central Ave, Wichita, KS 67206-2506KS1935-07$3,431,371
3Long Beach Island Foundation Of The Arts And Sciences120 Long Beach Blvd, Long Bch Twp, NJ 08008-6131NJ1951-03$750,225
4Ocean City Arts Center A New Jersey Nonprofit Corporation1735 Simpson Avenue, Ocean City, NJ 08226-3070NJ1969-01$284,493
5Oakeside Bloomfield Cultural Center240 Belleville Ave, Bloomfield, NJ 07003-3547NJ1983-05$185,636
6First Night Morris IncPO BOX 9009, Morristown, NJ 07963-9009NJ1994-02$153,272
7Haddonfield Cultural Events Commission Inc336 N Haddon Ave, Westmont, NJ 08108NJ1998-05$115,656
8Somerset County Cultural Arts Center Inc, Brook Arts Center10 Hamilton St, Bound Brook, NJ 08805-2015NJ2000-05$115,174
9First Night Ocean County IncPO BOX 5263, Toms River, NJ 08754-5263NJ1995-03$73,299
10Sumei Multidisciplinary Center61 New Jersey Railroad Ave Apt 2, Newark, NJ 07105-8400NJ1998-02$49,213
11New Jersey Folk Festival131 George St, New Brunswick, NJ 08901-1414NJ1999-03$43,466
12Artsbridge A Not-For-Profit CorporationPO BOX 354, Lambertville, NJ 08530-0354NJ1999-09$19,097
13Delaware Valley Rhythm & Blues Society Inc428 S 30th St, Camden, NJ 08105-2802NJ2003-05$9,836
14Battleground Arts Center Inc122 Wild Dunes Way, Jackson, NJ 08527NJ1976-06$0
15Clover Community Foundation503 N Cornwall Ave, Ventour, NJ 08406-1357NJ1997-03$0
16First Night Maplewood-South Orange IncP O Box 668, South Orange, NJ 07079NJ1993-05$0
17Hameed African Drum & Dance Co Inc118 Van Arsdale Place, Teaneck, NJ 07666NJ1998-03$0
18New Jersey Shore Arts Association Inc47 N Tallahassee Avenue, Atlantic City, NJ 08401NJ1995-01$0
19Ocean County Irish Association IncPO BOX 185, Forked River, NJ 08731NJ2009-07$0
20Ridgewood First Night Inc112 Prospect St, Ridgewood, NJ 07450-4489NJ1995-12$0
Number of organizations performing similar types of work
Alaska4
Alabama5
Arkansas8
Arizona9
California76
Colorado18
Connecticut14
District of Columbia5
Delaware1
Florida33
Georgia11
Hawaii12
Iowa6
Idaho2
Illinois20
Indiana5
Kansas10
Kentucky4
Louisiana11
Massachusetts31
Maryland19
Maine6
Michigan21
Minnesota15
Missouri11
Mississippi2
Montana7
North Carolina27
North Dakota2
Nebraska6
New Hampshire4
New Jersey18
New Mexico4
Nevada2
New York75
Ohio23
Oklahoma4
Oregon11
Pennsylvania38
Rhode Island3
South Carolina5
South Dakota2
Tennessee15
Texas34
Utah8
Virginia24
Vermont10
Washington16
Wisconsin13
West Virginia9
International1
Total720

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