2024-08-05T18:54:30-05:00 2023-12-31 061667465 Prager Metis CPAs PLLC 32 Orange Street Asheville NC 28801 990 2023-01-01 560552780 John C Campbell Folk School Inc JOHN 8288372775 1 Folk School Rd Brasstown NC 28902 Eric Cero Treasurer 8288372775 2024-07-29 1 1 Crystal Goldsmith P01286671 8282813161 2024-07-29 2023 2024-08-08 14:25:15Z Eric Cero 1 Folk School Rd Brasstown NC 28902 8215729 0 X folkschool.org X 1925 NC The Folk School transforms lives, bringing people together in a nurturing environment for experiences in learning and community life that spark self-discovery. 15 15 106 550 0 0 2460445 1716191 4287400 5241850 218987 370402 440470 432818 7407302 7761261 0 139425 0 0 3939218 3778171 0 0 176792 3771278 3878238 7710496 7795834 -303194 -34573 17875412 18736493 2533762 2247607 15341650 16488886 The Folk School transforms lives, bringing people together in a nurturing environment for experiences in learning and community life that spark self-discovery. 0 0 5465868 139425 5241850 In 2023 The Folk School provided 733 courses to 5,765 students. 5465868 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 537 0 106 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Jared Jack 8288372775 One Folk School Road Brasstown NC 28902 Dina Norris President 2.00 X 0 0 0 Janet Davis Secretary 2.00 X 0 0 0 Jesse Austin Treasurer 2.00 X 0 0 0 Joanna Haas Vice President 2.00 X 0 0 0 Celia Larson Director 1.00 X 0 0 0 Chris Dockery Director 1.00 X 0 0 0 Dale Jaeger Director 1.00 X 0 0 0 Eric Cero Director 1.00 X 0 0 0 Jack Smoot Director 1.00 X 0 0 0 Kanute Rarey Director 1.00 X 0 0 0 Lillian Gantsoudes Director 1.00 X 0 0 0 Maritza Maxwell Director 1.00 X 0 0 0 Mary Ackerly Director 1.00 X 0 0 0 Tommye Scanlin Director 1.00 X 0 0 0 Wil Posey Director 1.00 X 0 0 0 Bethany Chaney Executive Director 4-12 2023 40.00 X 131805 0 3319 Jared Jack Finance Director 40.00 X 52598 0 0 Jerry Jackon Executive Director 1-4 2023 40.00 X 129347 0 203 313750 0 3522 2 0 0 0 0 90500 1625691 20701 1716191 Tuition, housing, meal 611710 5241850 5241850 5241850 368602 368602 1200 0 1200 1200 1200 1800 0 1800 1800 1800 246855 0 246855 246855 628317 454468 173849 173849 Miscellaneous income 900099 10914 10914 10914 7761261 5241850 0 803220 139425 139425 313749 210212 100400 3137 2569740 1712281 833996 23463 175844 104051 68105 3688 481494 359464 109947 12083 237344 113830 107600 15914 17280 17280 328768 148593 170331 9844 343875 337669 6206 117452 20348 97104 188483 160930 25976 1577 360567 307231 53336 353521 342021 10000 1500 97607 97607 Instructor pay 602760 602760 Food purchases 447407 447407 Repairs and maintenance 154996 108311 46685 Bank fees 149243 149243 716279 351335 259358 105586 7795834 5465868 2153174 176792 375637 387673 2703552 2535703 322016 38376 236360 385905 46526 127052 10031931 5629490 4547580 4402441 9544535 10817199 99206 42144 17875412 18736493 498297 322303 1979241 1897362 56224 27942 2533762 2247607 X 13468639 15107905 1873011 1380981 15341650 16488886 17875412 18736493 -34573 1181809 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187359 187359 7183444 3625204 3558240 626213 398753 227460 1592901 1272972 319929 442014 332561 109453 4402441 Current Portion of Operating Lease 27942 27942 X 9258113 1181809 454468 1636277 7621836 139425 139425 7761261 8110877 454468 454468 7656409 139425 139425 7795834 Part X, Line 2: Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 740, Accounting for Uncertainty in Income Taxes, clarifies the accounting for the recognition and measurement of uncertainties in income taxes recognized in an entity's financial statements and prescribes a threshold of more-likely-than-not for recognition of tax positions taken or expected to be taken in a tax return. The Folk School's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the Internal Revenue Code and Regulations, Revenue Rulings, court decisions and other evidence. Part XI, Line 2d - Other Adjustments: Craft shop COGS 454,468. Part XI, Line 4b - Other Adjustments: Scholarships 139,425. Part XII, Line 2d - Other Adjustments: Craft Shop COGS 454,468. Part XII, Line 4b - Other Adjustments: Scholarships 139,425. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Blacksmith 40876 40876 Fall Fesitval 169604 169604 1 36375 36375 246855 246855 246855 1 Scholarships 118 139425 Form 990, Part VI, Section B, line 11b A copy of Form 990 is provided to the treasurer, as well as the business manager and all board members, prior to filing. Form 990, Part VI, Section B, line 12c Officers are required annually to report any possible conflicts of interest. Form 990, Part VI, Section C, line 18 Documents are available to the public upon request. Form 990, Part VI, Section C, line 19 Documents are available to the public upon request