EIN 35-2285824

International Folk Art Alliance (IFAM)

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
2006
Most recent tax filings
2022-12-01
Description
To celebrate and preserve living folk art traditions and create economic opportunities for and with folk artists worldwide. Providing opportunity to folk artists at the world’s largest market of its kind.
Total revenues
$3,982,562
2022
Total expenses
$2,183,465
2022
Total assets
$7,523,511
2022
Num. employees
10
2022

Program areas at IFAM

International Folk Art market: producing International Folk Art markets as a programmatic outcome of highly curated artist selection and entrepreneurism education. In 2021, ifaa was able to return to its annual event in july but modifications were made in order to comply with health orders from the state of new mexico. In 2022, ifaa returned to more normal operations with few health order- driven modifications. The organization was still in a financial and operational rebuilding phase though.
Mentor to market (m2m): training program that teaches artists critical marketing and business skills to help them improve their sales, thus sustaining their traditions and creating stronger economy for themselves and their communities. In 2021, these training programs continued online but returned to in-person training in 2022.
The Ifam collection at dallas market center: expanding opportunities for artisans by offering advanced entrepreneurism education, including social enterprise models and in-country curriculum delivery, and sales venues, including wholesale and virtual channels. This was not provided in 2021 however the market in the dallas market center resumed in 2022.
Folk Art matters lectures: promoting cultural exchange by providing the general public opportunities to learn about International Folk Art as a transmission of methods, materials and techniques passed on through generations. Ifaa returned to a limited schedule of lectures in the 3rd quarter of 2021 and quarterly lectures and workshops in 2022. Lectures were free to the public and a small materials fee was charged for workshops.

Who funds International Folk Art Alliance (IFAM)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Harris Finch FoundationGeneral Operating$55,000
Schwab Charitable FundArts, Culture & Humanities$33,500
Jesse T and Jodie E King Foundation Kathryn King Coleman PresidentIn Honor of Leigh Ann Brown and Jenny K.$25,000
...and 14 more grants received

Personnel at IFAM

NameTitleCompensation
Joni ParmanInterim Chief Executive Officer$0
Francesca GlaspellDirector of Marketing and Communications
Jared SmithDirector of Market Operations
Melissa MannPast Chief Executive Officer / Director of External Affairs / Director of Advancement$160,000
Stuart AshmanPast Chief Executive Officer$160,653
...and 13 more key personnel

Financials for IFAM

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,951,725
Program services$976,919
Investment income and dividends$37,889
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$720
Net income from gaming activities$0
Net income from sales of inventory$-20,624
Miscellaneous revenues$35,933
Total revenues$3,982,562

Form 990s for IFAM

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
2018-122019-09-18990View PDF
...and 9 more Form 990s
Data update history
August 26, 2024
Received grants
Identified 4 new grant, including a grant for $25,000 from Jesse T and Jodie E King Foundation Kathryn King Coleman President
July 24, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 7 new grant, including a grant for $55,000 from Harris Finch Foundation
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsArts, culture, and humanities nonprofitsCharities
Issues
Arts, cultural, and humanitiesCommunity improvementBusiness and industry
Characteristics
Fundraising eventsReceives government fundingEndowed supportCommunity engagement / volunteeringAuction fundraisersTax deductible donationsAccepts online donations
General information
Address
620 Cerrillos Rd
Santa Fe, NM 87505
Metro area
Santa Fe, NM
County
Santa Fe County, NM
Website URL
folkartmarket.org/ 
Phone
(505) 992-7600
Facebook page
folkartalliance 
Twitter profile
@folkartalliance 
IRS details
EIN
35-2285824
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A03: Arts, Culture and Humanities Professional Societies and Associations
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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