Overview
What is Folsom Street East Inc?
Folsom Street East Inc is a nonprofit organization with a distinct purpose: to orchestrate and manage an annual event. The primary objective of this event is to generate funds, which are then donated to and utilized for the welfare of charitable organizations that fall under the 501(c)(3) exemption category of the U.S. Internal Revenue Code. The organization's main activity involves the planning and execution of this annual festival, with the net earnings from the event being dedicated to supporting the charitable endeavors of these exempt organizations.
Official website here: www.folsomstreeteast.com
Is Folsom Street East Inc legitimate?
Folsom Street East Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folsom Street East Inc submitted a form 990EZ, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.folsomstreeteast.com
What is the mission statement of Folsom Street East Inc?
Folsom Street East Inc's mission is centered around organizing and managing an annual festival. The primary objective of this event is to raise funds. These funds, in turn, are donated to charitable organizations that have been exempted under section 501(c)(3) of the Internal Revenue Code. The organization's main role is to oversee the festival's operation, aiming to contribute to the charitable work of these exempted organizations. By hosting this annual event, Folsom Street East Inc seeks to support the causes of these charitable organizations, contributing to their mission and better serving the community.
Official website here: www.folsomstreeteast.com
What is the revenue of Folsom Street East Inc?
Folsom Street East Inc's revenue in 2022 was $756.
Official website here: www.folsomstreeteast.com
Who are the executives of Folsom Street East Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.folsomstreeteast.com
Where can I find the form 990EZ for Folsom Street East Inc?
Folsom Street East Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.folsomstreeteast.com
Learn more at the official website: www.folsomstreeteast.com
Mission Statement of Folsom Street East Inc
Folsom Street East Inc, a nonprofit organization, is committed to organizing and executing an annual festival. The primary purpose of this event is to generate funds, which are then donated to and utilized for the benefit of charitable organizations that fall under section 501(c)(3) of the Internal Revenue Code. The organization's mission is centered around the successful execution of this annual festival, with the ultimate goal of contributing to the noble causes and initiatives of these exempt charities.
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Impact
October, 2024
Folsom Street East Inc significantly impacts the community through its annual festival, which not only celebrates diversity but also raises substantial funds for charitable organizations. By organizing this large-scale event in New York City, the organization fosters a spirit of inclusivity and camaraderie among attendees, encouraging participation and engagement from various demographic groups.
The festival serves as a platform for local artists and vendors, providing them with exposure and opportunities to connect with the public. More importantly, the net proceeds from the event are channeled into supporting 501(c)(3) organizations. This financial assistance helps sustain various charitable initiatives, enhancing social services, health programs, and advocacy efforts within the community.
Through its commitment to philanthropy and community well-being, Folsom Street East Inc plays a crucial role in addressing local needs, uplifting underserved populations, and promoting social equity. The ripple effects of its fundraising efforts extend well beyond the festival itself, contributing to lasting positive change in New York and beyond.
This information is meant to be a general summary of Folsom Street East Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32
- Program Service Revenue: $69
- Gross Receipts: $756
Assets and Liabilities:
- Total Assets: $80,033
- Total Liabilities: $0
- Net Assets: $80,033
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Organization Details
Principal Officer
Quamin M Ellis-Lee
Website
www.folsomstreeteast.comNTEE Category
Code: T30 - Philanthropy
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