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International Folk Art Alliance Inc Dba Ifam

Ifam

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352285824 ✦ Santa fe, NM ✦ Designated as a 501(c)(3)

Overview

What is International Folk Art Alliance Inc Dba Ifam?

International Folk Art Alliance Inc, commonly known as IFAM, is a nonprofit organization based in Santa Fe, New Mexico. Their mission is to foster economic opportunities for and with folk artists worldwide, preserving and celebrating traditional art forms. The organization envisions a world that values handmade crafts and cultural traditions, supporting the role of folk artists as entrepreneurs and agents of social change. In 2021, they returned to their annual event, making necessary modifications due to health orders. By 2022, IFAM operated more normally with fewer health-related adjustments. As part of their goals, IFAM acquired its headquarters building and made tenant improvements, marking the first step in a campaign to fully own the property.


Official website here: www.folkartmarket.org

Is International Folk Art Alliance Inc Dba Ifam legitimate?

International Folk Art Alliance Inc Dba Ifam is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Folk Art Alliance Inc Dba Ifam submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $172,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,975

For more financial information, click here


Official website here: www.folkartmarket.org

What is the mission statement of International Folk Art Alliance Inc Dba Ifam?

The International Folk Art Alliance Inc Dba Ifam aims to create economic opportunities for and with folk artists worldwide. These artists celebrate and preserve traditional folk art. The organization envisions a world that values the dignity and humanity of handmade items, honors timeless cultural traditions, and supports the work of these artists as entrepreneurs and agents of positive social change. To further this mission, the organization moved to a larger headquarters, investing in tenant improvements as the first phase of a campaign to own the building outright.


Official website here: www.folkartmarket.org

Who is the CEO of International Folk Art Alliance Inc Dba Ifam?

Francis Coleman is the Chair of International Folk Art Alliance Inc Dba Ifam. The CEO's salary of International Folk Art Alliance Inc Dba Ifam is $160,000 and their total compensation is $172,731.


Official website here: www.folkartmarket.org

What is the revenue of International Folk Art Alliance Inc Dba Ifam?

International Folk Art Alliance Inc Dba Ifam's revenue in 2022 was $3,982,562.


Official website here: www.folkartmarket.org

Who are the executives of International Folk Art Alliance Inc Dba Ifam and what are their salaries?

The average compensation at International Folk Art Alliance Inc Dba Ifam during 2022 was $50,771. There are 10 employees and 1,200 volunteers at International Folk Art Alliance Inc Dba Ifam.

Here are 31 key members and their salaries (International Folk Art Alliance Inc Dba Ifam's CEO's salary is $160,000 and their total compensation is $172,731):

    Melissa Mann (Ceo)
  • Compensation: $160,000
  • Related: $0
  • Other: $12,731

    • Jennifer Kimball (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hank Coleman (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Adelman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Bern (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Ahmad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judith Benkendorf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marty Braniff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leigh Ann Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Chognard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine Cole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Domenici (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Durkovich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ardith Eicher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Fimmano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Garcia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maggie Hanson-Muse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Horowitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monique Jacobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gurmeet Kaur (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Antonio Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Mindling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Mullins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Makenzie Mueller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judith Pelham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shobhan Porter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helena Ribe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Sugg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kaki Grubbs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.folkartmarket.org

    Where can I find the form 990 for International Folk Art Alliance Inc Dba Ifam?

    The International Folk Art Alliance Inc Dba Ifam’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.folkartmarket.org

    Learn more at the official website: www.folkartmarket.org

    Mission Statement of International Folk Art Alliance Inc Dba Ifam

    International Folk Art Alliance Inc Dba Ifam is dedicated to creating economic opportunities for and with folk artists worldwide. This organization is committed to celebrating and preserving folk art traditions, envisioning a world that values the dignity and humanity of the handmade. They aim to honor timeless cultural traditions and support the work of folk artists, who serve as entrepreneurs and catalysts for positive social change. To further their mission, International Folk Art Alliance Inc Dba Ifam invested in tenant improvements when they moved to a larger headquarters, marking the first phase of a campaign to own the building outright. By doing so, the organization aims to strengthen its position as a supporter and advocate for folk artists worldwide.

    Impact

    This information is meant to be a general summary of International Folk Art Alliance Inc Dba Ifam. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    International Folk Art Alliance Inc Dba Ifam has a significant impact on creating economic opportunities for folk artists worldwide who are dedicated to celebrating and preserving folk art traditions. By envisioning a world that values the handmade, honors cultural traditions, and supports folk artists as entrepreneurs and agents for positive social change, Ifam plays a crucial role in empowering these artists and preserving their heritage. Through initiatives like the International Folk Art Market, Ifam not only provides a platform for these artists to showcase their work but also offers entrepreneurship education to help them succeed in the global market. By investing in a larger headquarters and owning their building outright, Ifam is making a long-term commitment to supporting and promoting folk art on a global scale.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,889
  • Program Service Revenue: $976,919
  • Gross Receipts: $4,035,502

    • Assets and Liabilities:
  • Total Assets: $7,523,511
  • Total Liabilities: $136,503
  • Net Assets: $7,387,008
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    HANDLING FEE

    Revenue

    $565,533

    TICKET SALES

    Revenue

    $251,626

    BOOTH REVENUE

    Revenue

    $159,760

    Organization Details

    Founding Year

    2006

    Principal Officer

    Francis Coleman

    Main Address

    620 CERRILLOS ROAD, SANTA FE, NM, 87505

    NTEE Category

    Code: A24 - Arts

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