Nonprofit · EIN 85-6000853
INTERNATIONAL FOLK ART FOUNDATION
Tax-exempt · SANTA FE, NM 87504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,096,715 | $1,603,984 | $492,731 | $39,735,699 | $89,948 | $39,645,751 |
| June 30, 2024 | 990 | $1,189,756 | $1,000,738 | $189,018 | $36,666,070 | $49,168 | $36,616,902 |
| June 30, 2023 | 990 | $880,247 | $825,902 | $54,345 | $33,617,186 | $38,533 | $33,578,653 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $474,198
- Program service revenue
- $0
- Investment income
- $1,617,923
- Royalties
- $4,594
- Net gain from sales of assets
- $935,175
- Other revenue
- $4,594
Expenses
- Grants and similar amounts paid
- $21,091
- Compensation of officers, directors and key employees
- $100,186
- Salaries, compensation and benefits (total)
- $100,186
- Professional fundraising fees
- $0
- Accounting fees
- $46,976
- Occupancy
- $14,280
- Program services (functional)
- $1,495,157
- Management and general (functional)
- $108,827
Balance sheet and other
- Total assets, start of year
- $36,666,070
- Total assets, end of year
- $39,735,699
- Total liabilities, end of year
- $89,948
- Net assets, end of year
- $39,645,751
- Publicly traded securities
- $8,109,956
- Net assets without donor restrictions
- $7,276,721
- Net assets with donor restrictions
- $32,369,030
- Gross receipts
- $2,096,715
- Employees
- 1
- Volunteers
- 8
- Year formed
- 1951
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREL SETH | EXECUTIVE DIRECTOR Officer | 40 | $90,000 | $7,750 |
| RANDALL BELL | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JULIA CATRON | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN DRAPER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ROBERTA SYME | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| EDELMA HUNTLEY | MEMBER Trustee or director | 5 | $0 | $0 |
| LISA MAYER | MEMBER Trustee or director | 5 | $0 | $0 |
| EMILY ZINN | MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREL SETH | EXECUTIVE DIRECTOR Officer | 40 | $83,750 |
| JULIA CATRON | PRESIDENT Trustee or director, Officer | 8 | $0 |
| DAVID DAVENPORT | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| ROSALIND DOHERTY | SECRETARY Trustee or director, Officer | 4 | $0 |
| DAVID MATTHEWS | TREASURER Trustee or director, Officer | 4 | $0 |
| RANDALL BELL | MEMBER Trustee or director | 4 | $0 |
| JOHN DRAPER | MEMBER Trustee or director | 4 | $0 |
| EDELMA HUNTLEY | MEMBER Trustee or director | 4 | $0 |
| LISA MAYER | MEMBER(UNILL AUGUST 2023) Trustee or director | 4 | $0 |
| ROBERTA SYME | MEMBER Trustee or director | 4 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREL SETH | EXECUTIVE DIRECTOR Officer | 40 | $77,499 | $7,500 |
| JULIA CATRON | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 |
| DAVID DAVENPORT | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| ROSALIND DOHERTY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| DAVID MATTHEWS | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| RANDALL BELL | MEMBER Trustee or director | 4 | $0 | $0 |
| JOHN DRAPER | MEMBER Trustee or director | 4 | $0 | $0 |
| EDELMA HUNTLEY | MEMBER (BEGINNING AUG 2022) Trustee or director | 4 | $0 | $0 |
| LISA MAYER | MEMBER Trustee or director | 4 | $0 | $0 |
| ROBERTA SYME | MEMBER Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8807, SANTA FE, NM 87504-8807
- Principal officer (990 for 2024)
- LAUREL SETH, PO BOX 8807, SANTA FE, NM 875048807
- Signed the 990
- LAUREL SETH, EXECUTIVE DIRECTOR
- Phone
- (505) 983-2612
- Return prepared by
- CRI ADVISORS LLC
Mission
TO PROVIDE FINANCIAL ASSISTANCE TO THE MUSEUM OF INTERNATIONAL FOLK ART AND FURTHER THE UNDERSTANDING OF FOLK ART AS IT RELATES TO THE PEOPLE OF THE WORLD.
Program accomplishments
- THE INTERNATIONAL FOLK ART FOUNDATION (IFAF) GAVE SUPPORT TO PRODUCE EXHIBITIONS AT THE MUSEUM OF INTERNATIONAL FOLK ART (MOIFA), INCLUDING PUBLICATIONS. THERE WERE APPROXIMATELY 90,000 VISITORS DURING THE FISCAL YEAR.Expenses $1,016,229
- COLLECTIONS CONSERVATION, MAINTENANCE, PROCESSING AND RECORD KEEPING - THE MUSEUM OF INTERNATIONAL FOLK ART (MOIFA) COLLECTION, INCLUDING OBJECTS OWNED BY THE INTERNATIONAL FOLK ART FOUNDATION (IFAF), IS THE LARGEST FOLK ART COLLECTION IN THE WORLD. CARING FOR THESE OBJECTS INCLUDES REGULAR PEST MONITORING, KEEPING DETAILED RECORDS FOR LOANS, EXHIBITIONS, AND NEW ACQUISITIONS, AND RECENTLY CONVERTING ALL RECORDS TO DIGITAL FORMS AVAILABLE ON THE MOIFA WEBSITE. THERE WERE APPROXIMATELY 60,000 VISITORS TO THE WEBSITE AND SOCIAL MEDIA.Expenses $316,534 · grants $21,091
- LIBRARY AND ARCHIVES SUPPORT - THE MUSEUM OF INTERNATIONAL FOLK ART (MOIFA) HAS THE LARGEST INTERNATIONAL FOLK ART LIBRARY IN THE WORLD AND THE ARCHIVES ARE GROWING WITH PLANS TO FURTHER PRESERVE VIDEOS AND FIELD PHOTOGRAPHS. THE LIBRARY SERVES ALL MOIFA STAFF, DOCENTS, VISITORS, AND SCHOLARS. APPROXIMATELY 25,000 VISITORS ACCESSED LIBRARY RESOURCES ONLINE OR VISITED IN PERSON.Expenses $77,767
- EDUCATION AND OUTREACH TO SCHOOL GROUPS, DOCENT TOURS AND OTHER TOURS IN PERSON, ONLINE AND THROUGH SOCIAL MEDIA. THERE WERE APPROXIMATELY 30,000 VISITORS TO THE WEBSITE AND 90,000 VISITORS IN PERSON, INCLUDING SCHOOL GROUPS. THE FOUNDATION COLLECTION, CONSISTING OF FOLK ART PIECES, IS HOUSED AT THE MUSEUM OF INTERNATIONAL FOLK ART, WHICH PUTS THE COLLECTON ON PUBLIC EXHIBITION, FURTHERING THE UDNERSTANDING OF FOLK ART. PIECES WHICH ARE NOT CURRENTLY ON DISPLAY ARE AVAILABLE TO RESEARCHERS AND SCHOLARS.Expenses $84,627
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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-6000853
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A112)
- Assets (IRS master file)
- $39,735,699
- Income (IRS master file)
- $2,096,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,096,715 | $1,603,984 | $39,735,699 | IRS |
| 990 | June 2024 | $1,189,756 | $1,000,738 | $36,666,070 | IRS |
| 990 | June 2023 | $880,247 | $825,902 | $33,617,186 | XML |
| 990 | June 2022 | $2,786,006 | $785,531 | $32,176,768 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990 | June 2017 | – | – | – | 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 85-6000853).
Questions about INTERNATIONAL FOLK ART FOUNDATION
- What is the EIN of INTERNATIONAL FOLK ART FOUNDATION?
- The employer identification number (EIN) of INTERNATIONAL FOLK ART FOUNDATION is 85-6000853.
- Is INTERNATIONAL FOLK ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to INTERNATIONAL FOLK ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does INTERNATIONAL FOLK ART FOUNDATION 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 FOUNDATION 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 INTERNATIONAL FOLK ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INTERNATIONAL FOLK ART FOUNDATION?
- The 990 for the year ended June 30, 2025 names LAUREL SETH.
- Who are the officers and directors of INTERNATIONAL FOLK ART FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $90,000 (LAUREL SETH, EXECUTIVE DIRECTOR).
- How much revenue does INTERNATIONAL FOLK ART FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,096,715, expenses of $1,603,984 and total assets of $39,735,699 at year end.
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