Nonprofit · EIN 45-4758501
FOLK SCHOOL OF FAYETTEVILLE INC
Tax-exempt · FAYETTEVILLE, AR 72701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $236,275 | $274,895 | -$38,620 | $108,816 | $86,003 | $22,813 |
| December 31, 2023 | 990 | $184,466 | $148,614 | $35,852 | $210,569 | $156,909 | $53,660 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,998
- Program service revenue
- $159,822
- Investment income
- $45,000
- Net gain from sales of assets
- $45,000
- Other revenue
- $3,455
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $15,297
- Salaries, compensation and benefits (total)
- $39,885
- Professional fundraising fees
- $0
- Accounting fees
- $4,305
- Travel
- $6,360
- Depreciation
- $13,552
- Program services (functional)
- $274,895
Balance sheet and other
- Total assets, start of year
- $210,569
- Total assets, end of year
- $108,816
- Total liabilities, end of year
- $86,003
- Net assets, end of year
- $22,813
- Land, buildings and equipment
- $72,627
- Net assets without donor restrictions
- $22,813
- Gross receipts
- $236,275
- Employees
- 18
- Volunteers
- 150
- Year formed
- 2012
- State of legal domicile
- AR
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 |
|---|---|---|---|
| BERNICE C HEMBREE | OFFICER Trustee or director | 20 | $11,450 |
| JEREMY GAWTHROP | OFFICER Trustee or director | 5 | $0 |
| STERLING HAMILTON | OFFICER Trustee or director | 5 | $0 |
| BRYAN C HEMBREE | OFFICER Trustee or director | 20 | $0 |
| NEAL PENDERGRAFT | OFFICER Trustee or director | 5 | $0 |
| JACKIE TELFAIR | OFFICER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNICE C HEMBREE | OFFICER Trustee or director | 20 | $11,400 |
| JEREMY GAWTHROP | OFFICER Trustee or director | 5 | $0 |
| STERLING HAMILTON | OFFICER Trustee or director | 5 | $0 |
| BRYAN C HEMBREE | OFFICER Trustee or director | 20 | $0 |
| NEAL PENDERGRAFT | OFFICER Trustee or director | 5 | $0 |
| JACKIE TELFAIR | OFFICER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 207 W CENTER ST, FAYETTEVILLE, AR 72701-5905
- In care of
- % BRYAN HEMBREE
- Mailing address (990-N for 2016)
- 865 N Lewis, Fayetteville AR 72701
- Principal officer (990 for 2024)
- BRYAN C HEMBREE, 865 N LEWIS, FAYETTEVILLE, AR 72701
- Principal officer (990-N for 2016)
- Bryan Hembree, 865 N Lewis, Fayetteville AR 72701
- Signed the 990
- BRYAN C HEMBREE, OFFICER
- Phone
- (479) 799-7668
- Website
- WWW.THEROOTSFEST.ORG
- Return prepared by
- ABACUS BUSINESS CONSULTING LLC
Mission
BUILD COMMUNITY THROUGH EDUCATION AND CONCERTS/FESTIVALS THAT PROMOTE THE PERPETUATION OF TRADITIONAL AMERICAN AND WORLD MUSIC, CULINARY ARTS, AND FOLK LIFE.
Program accomplishments
- BUILD COMMUNITY THROUGH EDUCATION AND CONCERTS/FESTIVALS THAT PROMOTE THE PERPETUATION OF TRADITIONAL AMERICAN AND WORLD MUSIC, CULINARY ARTS, AND FOLK LIFE.Expenses $161,110
- A 501(C)3 ORGANIZATION WITH A MISSION TO CONNECT AND BUILD COMMUNITY THROUGH MUSIC AND FOOD. WE PRODUCE THE FAYETTEVILLE ROOTS FESTIVAL, OPERATE A HISTORIC MUSIC VENUE, THE ROOTS HQ, ON THE DOWNTOWN FAYETTEVILLE SQUARE, AND LEAD YEAR-ROUND MUSIC AND FOOD EDUCATION AND COMMUNITY PROGRAMMING IN NORTHWEST ARKANSAS.Expenses $113,785 · revenue $159,822
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
- 45-4758501
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $108,816
- Income (IRS master file)
- $236,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $236,275 | $274,895 | $108,816 | IRS |
| 990 | December 2023 | $184,466 | $148,614 | $210,569 | XML |
| 990 | December 2022 | $535,544 | $859,983 | $167,010 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: Bryan Hembree | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-4758501).
Questions about FOLK SCHOOL OF FAYETTEVILLE INC
- What is the EIN of FOLK SCHOOL OF FAYETTEVILLE INC?
- The employer identification number (EIN) of FOLK SCHOOL OF FAYETTEVILLE INC is 45-4758501.
- Is FOLK SCHOOL OF FAYETTEVILLE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to FOLK SCHOOL OF FAYETTEVILLE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOLK SCHOOL OF FAYETTEVILLE 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 FOLK SCHOOL OF FAYETTEVILLE 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 FOLK SCHOOL OF FAYETTEVILLE 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 FOLK SCHOOL OF FAYETTEVILLE INC?
- The 990 for the year ended December 31, 2024 names BRYAN C HEMBREE.
- Who are the officers and directors of FOLK SCHOOL OF FAYETTEVILLE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $11,450 (BERNICE C HEMBREE, OFFICER).
- How much revenue does FOLK SCHOOL OF FAYETTEVILLE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $236,275, expenses of $274,895 and total assets of $108,816 at year end.
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- MODERN QUILT GUILD INC EIN 45-4151809 · last filed 990-N for 2024
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- WALTON ARTS CENTER FOUNDATION INC EIN 71-0646963 · last filed 990 for 2025
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All nonprofits in FAYETTEVILLE · Arkansas · Arts, culture and humanities