2025-11-12T09:08:16-06:00 2024-12-31 061667465 Prager Metis CPAs PLLC 32 Orange Street Asheville NC 28801 990 2024-01-01 560552780 John C Campbell Folk School Inc JOHN 8288372775 1 Folk School Rd Brasstown NC 28902 Eric Cero Treasurer 8288372775 2025-11-04 1 1 Crystal Goldsmith P01286671 8282813161 2025-11-04 2024 2025-03-06 01:10:19Z Eric Cero 1 Folk School Rd Brasstown NC 28902 8126921 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. 13 13 101 600 0 0 1716191 1363787 5241850 5453890 370402 414873 432818 399450 7761261 7632000 139425 106715 0 0 3778171 3822929 0 0 192529 3878238 3729061 7795834 7658705 -34573 -26705 18736493 19608593 2247607 2210769 16488886 17397824 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 5427056 106715 5453890 In 2024 The Folk School provided 772 courses to 5,557 students. 5427056 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 560 0 1 101 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 Joanna Haas President 2.00 X 0 0 0 Janet Davis Secretary 2.00 X 0 0 0 Eric Cero Treasurer 2.00 X 0 0 0 Wil Posey 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 Jane Jennings Director 1.00 X 0 0 0 Andrea Conarro Director 1.00 X 0 0 0 Jack Smoot 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 Stewart Senger Director 1.00 X 0 0 0 Tommye Scanlin Director 1.00 X 0 0 0 Bethany Chaney Executive Director 40.00 X 165572 0 2357 Jared Jack Finance Director 40.00 X 101098 0 1466 266670 0 3823 2 0 1 0 0 98000 1265787 1363787 Tuition, housing, meal 611710 5453890 5453890 5453890 337104 337104 123320 45551 77769 77769 77769 232454 0 232454 232454 602457 449370 153087 153087 Miscellaneous income 900099 13909 13909 13909 7632000 5453890 0 814323 106715 106715 266670 177796 86415 2459 2670820 1780702 865480 24638 115347 68254 44674 2419 530913 396359 121231 13323 239179 114710 108432 16037 43474 43474 248287 111228 129625 7434 310435 304833 5602 190874 26133 164741 193783 165482 26682 1619 339459 289245 50214 353315 341822 9994 1499 80090 80090 Instructor pay 568272 568272 Food purchases 436004 436004 Repairs and maintenance 205612 143681 61931 Bank fees 171985 171985 587471 395820 68550 123101 7658705 5427056 2039120 192529 387673 272977 2535703 2088694 38376 58579 385905 514504 127052 114054 10585841 5966297 4402441 4619544 10817199 11828918 42144 111323 18736493 19608593 322303 395123 1897362 1719988 27942 95658 2247607 2210769 X 15107905 16200902 1380981 1196922 16488886 17397824 18736493 19608593 -26705 935643 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 144559 144559 7390753 3836558 3554195 626213 409316 216897 1606044 1348059 257985 818272 372364 445908 4619544 Current Portion of Operating Lease 95658 95658 X 8910298 935643 449370 1385013 7525285 106715 106715 7632000 8001360 449370 449370 7551990 106715 106715 7658705 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 449,370. Part XI, Line 4b - Other Adjustments: Scholarships 106,715. Part XII, Line 2d - Other Adjustments: Craft Shop COGS 449,370. Part XII, Line 4b - Other Adjustments: Scholarships 106,715. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 6 Grants were received from Cherokee County Tourism Development Authority; and several NC government agencies. Blacksmith 42320 42320 Fall Fesitval 148050 148050 1 42084 42084 232454 232454 232454 1 Scholarships 104 106715 X 0 0 0 0 0 0 0 0 0 Bethany Chaney Executive Director 165572 0 0 0 0 0 0 0 2357 0 167929 0 0 0 Jared Jack Finance Director 101098 0 0 0 0 0 0 0 1466 0 102564 0 0 0 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 B, line 15 The Board of Directors evaluate and set officer wages. 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