Nonprofit · EIN 56-2375261
THE FOLKUS PROJECT INCORPORATED
Tax-exempt (reinstated) · SYRACUSE, NY 13214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $58,853 | $52,618 | $6,235 | $55,918 | $125 | $55,793 |
| June 30, 2024 | 990-EZ | $73,410 | $59,781 | $13,629 | $49,683 | $125 | $49,558 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,075
- Program service revenue
- $42,778
Expenses
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $1,895
- Other expenses
- $50,723
- Program services (functional)
- $52,619
Balance sheet and other
- Total assets, start of year
- $49,683
- Total assets, end of year
- $55,918
- Total liabilities, end of year
- $125
- Net assets, end of year
- $55,793
- Cash, savings and investments
- $55,297
- Gross receipts
- $58,853
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Susan Weiss | Director | 10 | $0 |
| Jan Peneston | Treasurer | 10 | $0 |
| Jon Peterson | Director | 5 | $0 |
| Jeff Peneston | Director | 5 | $0 |
| Chris Finkle | Director | 5 | $0 |
| Marilyn Smith | Secretary | 5 | $0 |
| Robert Becker | President | 5 | $0 |
990-EZ for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Susan Weiss | President | 10 | $0 |
| Jan Peneston | Treasurer | 10 | $0 |
| Jon Peterson | Director | 5 | $0 |
| Jeff Peneston | Director | 5 | $0 |
| Chris Finkle | Director | 5 | $0 |
| Jackie Downing | Director | 5 | $0 |
| Marilyn Smith | Secretary | 5 | $0 |
| Robert Becker | Vice President | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4465 E GENESEE ST BOX 197, SYRACUSE, NY 13214-2229
- In care of
- % JANE HOTELING
- Mailing address (990-N for 2021)
- 4465 E Genesee St Box 197, Syracuse NY 13214
- Principal officer (990-N for 2021)
- Nancy Susan Weiss, 4465 E Genesee St Box 197, Syracuse NY 13214
- Signed the 990-EZ
- Jan Peneston, Treasurer
- Website
- Folkus.org
- Return prepared by
- DArcangelo & Co LLP
Mission
To foster and promote traditional, contemporary, and multicultural folk music and related performing arts in Syracuse and Central NY.
Program accomplishments
- Host approximately 16 shows per year, open to the public, featuring folk artists.Expenses $52,619
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2375261
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $55,918
- Income (IRS master file)
- $58,853
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- July 13, 2011
- Reinstated
- Effective November 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $58,853 | $52,618 | $55,918 | IRS |
| 990-EZ | June 2024 | $73,410 | $59,781 | $49,683 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-N for 2021 Officer: Nancy Susan Weiss | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | 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 56-2375261).
Questions about THE FOLKUS PROJECT INCORPORATED
- What is the EIN of THE FOLKUS PROJECT INCORPORATED?
- The employer identification number (EIN) of THE FOLKUS PROJECT INCORPORATED is 56-2375261.
- Is THE FOLKUS PROJECT INCORPORATED tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2011.
- Are donations to THE FOLKUS PROJECT INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOLKUS PROJECT INCORPORATED 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 THE FOLKUS PROJECT INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FOLKUS PROJECT INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of THE FOLKUS PROJECT INCORPORATED?
- The 990-N for 2021 names Nancy Susan Weiss.
- Who are the officers and directors of THE FOLKUS PROJECT INCORPORATED?
- The 990-EZ for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE FOLKUS PROJECT INCORPORATED have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $58,853, expenses of $52,618 and total assets of $55,918 at year end.
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