Nonprofit · EIN 35-2285824
INTERNATIONAL FOLK ART ALLIANCE INC
Also known as IFAA
Tax-exempt · SANTA FE, NM 87505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,009,886 | $2,864,468 | $145,418 | $8,145,589 | $84,220 | $8,061,369 |
| December 31, 2023 | 990 | $2,406,701 | $2,362,088 | $44,613 | $7,751,961 | $92,735 | $7,659,226 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,722,603
- of which government grants
- $204,898
- Program service revenue
- $1,140,405
- Investment income
- $150,580
- Net gain from sales of assets
- $18,321
- Net income from sales of inventory
- -$3,702
- Other revenue
- -$3,702
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $180,966
- Other salaries and wages
- $668,265
- Salaries, compensation and benefits (total)
- $940,211
- Professional fundraising fees
- $0
- Legal fees
- $6,824
- Accounting fees
- $74,249
- Occupancy
- $124,788
- Depreciation
- $135,978
- Program services (functional)
- $2,173,170
- Management and general (functional)
- $313,759
- Fundraising (functional)
- $377,539
Balance sheet and other
- Total assets, start of year
- $7,751,961
- Total assets, end of year
- $8,145,589
- Total liabilities, end of year
- $84,220
- Net assets, end of year
- $8,061,369
- Land, buildings and equipment
- $3,279,265
- Publicly traded securities
- $3,324,337
- Net assets without donor restrictions
- $6,180,670
- Net assets with donor restrictions
- $1,880,699
- Gross receipts
- $3,378,676
- Employees
- 14
- Volunteers
- 1,400
- Year formed
- 2006
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACEY EDGAR | EXECUTIVE DIRECTOR Officer | 40 | $180,000 | $966 |
| HANK COLEMAN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| HELENA RIBE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| NANCY BERN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ERIC MINDLING | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LISA ADELMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA AHMAD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMANDA ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHY ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY BRANIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE CHOGNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVENDRA CONTRACTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN DOMENICI | DIRECTOR Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARDITH EICHER | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP FIMMANO | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE HANSON-MUSE | DIRECTOR Trustee or director | 1 | $0 |
| SARAH HOROWITZ | DIRECTOR Trustee or director | 1 | $0 |
| BETTY HUDSON | DIRECTOR Trustee or director | 1 | $0 |
| GURMEET KAUR | DIRECTOR Trustee or director | 1 | $0 |
| ANTONIO LOPEZ | DIRECTOR Trustee or director | 2 | $0 |
| MAKENZIE MUELLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MULLINS | DIRECTOR Trustee or director | 1 | $0 |
| JUDITH PELHAM | DIRECTOR Trustee or director | 2 | $0 |
| RODMAN PRIMACK | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE SUGG | DIRECTOR Trustee or director | 2 | $0 |
| COURTNEY TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| CHARLOTTE WHITMORE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELISSA MANN END 072024 | CEO Officer | 40 | $105,891 | $15,671 |
| HANK COLEMAN | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| LEIGH ANN BROWN | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| NANCY BERN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA ADELMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CATHY ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA AHMAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTY BRANIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE CHOGNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVENDRA CONTRACTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN DOMENICI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN DURKOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARDITH EICHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP FIMMANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM GARCIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAGGIE HANSON-MUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH HOROWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GURMEET KAUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER KIMBALL | DIRECTOR Trustee or director | 10 | $0 | $0 |
| ANTONIO LOPEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC MINDLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MULLINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAKENZIE MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDITH PELHAM | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| HELENA RIBE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COURTNEY TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLOTTE WHITMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONI PARMAN BEGAN 072024 | INTERIM CEO Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 620 CERRILLOS RD, SANTA FE, NM 87505-3028
- In care of
- % J EDD STEPP JR
- Principal officer (990 for 2024)
- FRANCIS COLEMAN, 620 CERRILLOS ROAD, SANTA FE, NM 87505
- Signed the 990
- HELENA RIBE, CHAIR
- Phone
- (505) 992-7600
- Website
- WWW.FOLKARTMARKET.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
CREATE ECONOMIC OPPORTUNITIES FOR AND WITH FOLK ARTISTS WORLDWIDE WHO CELEBRATE AND PRESERVE FOLK ART TRADITIONS. WE ENVISION A WORLD THAT VALUES THE DIGNITY AND HUMANITY OF THE HANDMADE, HONORS TIMELESS CULTURAL TRADITIONS, AND SUPPORTS THE WORK OF FOLK ARTISTS SERVING AS ENTREPRENEURS AND CATALYSTS FOR POSITIVE SOCIAL CHANGE. TO AUGMENT THIS PURSUIT, THE ORGANIZATION MOVED TO A LARGER HEADQUARTERS, INVESTING IN TENANT IMPROVEMENTS AS THE FIRST PHASE OF A CAMPAIGN TO OWN THE BUILDING OUTRIGHT.
Program accomplishments
- INTERNATIONAL FOLK ART MARKET: PRODUCING INTERNATIONAL FOLK ART MARKET AS A PROGRAMMATIC OUTCOME OF HIGHLY CURATED ARTIST SELECTION AND ENTREPRENEURISM EDUCATION. IN 2023, IFAA WAS ABLE TO RETURN TO NORMAL OPERATIONS, WITH VERY FEW HEALTH ORDER DRIVEN MODIFICATIONS. THE ORGANIZATION WAS STILL IN A FINANCIAL AND OPERATIONAL REBUILDING PHASE THOUGH. THE ORGANIZATION MOVED THE EVENT TO A NEW VENUE: RAILYARD PARK, A MORE CENTRALLY LOCATED VENUE.Expenses $2,150,708 · revenue $1,137,238
- MENTOR TO MARKET (M2M): TRAINING PROGRAM THAT TEACHES ARTISTS CRITICAL MARKETING AND BUSINESS SKILLS TO HELP THEM IMPROVE THEIR SALES, THUS SUSTAINING THEIR TRADITIONS AND CREATING STRONGER ECONOMY FOR THEMSELVES AND THEIR COMMUNITIES. IN 2021, THESE TRAINING PROGRAMS CONTINUED ONLINE BUT RETURNED TO IN-PERSON TRAINING IN 2022. IN 2023, A NEW PILOT CURRICULUM WAS DEVELOPED AND TESTED WITH A SMALL NUMBER OF ARTISTS WITH A PLAN FOR A BROADER IMPLEMENTATION IN 2024/2025.Expenses $18,270
- FOLK ART MATTERS LECTURES: PROMOTING CULTURAL EXCHANGE BY PROVIDING THE GENERAL PUBLIC OPPORTUNITIES TO LEARN ABOUT INTERNATIONAL FOLK ART AS A TRANSMISSION OF METHODS, MATERIALS AND TECHNIQUES PASSED ON THROUGH GENERATIONS. IFAA RETURNED TO A MORE ROBUST SCHEDULE OF LECTURES AND WORKSHOPS IN 2023. LECTURES WERE FREE TO THE PUBLIC AND A SMALL MATERIALS FEE WAS CHARGED FOR WORKSHOPS.Expenses $4,192 · revenue $3,167
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2285824
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A24)
- Assets (IRS master file)
- $8,145,589
- Income (IRS master file)
- $3,378,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,009,886 | $2,864,468 | $8,145,589 | XML |
| 990 | December 2023 | $2,406,701 | $2,362,088 | $7,751,961 | XML |
| 990 | December 2022 | $3,982,562 | $2,183,465 | $7,523,511 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2285824).
Questions about INTERNATIONAL FOLK ART ALLIANCE INC
- What is the EIN of INTERNATIONAL FOLK ART ALLIANCE INC?
- The employer identification number (EIN) of INTERNATIONAL FOLK ART ALLIANCE INC is 35-2285824.
- Is INTERNATIONAL FOLK ART ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to INTERNATIONAL FOLK ART ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL FOLK ART ALLIANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INTERNATIONAL FOLK ART ALLIANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL FOLK ART ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INTERNATIONAL FOLK ART ALLIANCE INC?
- The 990 for the year ended December 31, 2024 names FRANCIS COLEMAN.
- Who are the officers and directors of INTERNATIONAL FOLK ART ALLIANCE INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 1 received compensation from the organization, the highest $180,000 (STACEY EDGAR, EXECUTIVE DIRECTOR).
- How much revenue does INTERNATIONAL FOLK ART ALLIANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,009,886, expenses of $2,864,468 and total assets of $8,145,589 at year end.
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