Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Aug 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
98 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
1 person listed on the 990; $10K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Northern Trust Company | $10,193 | $113,543 | $137,156 | $125,729 | $116,602 | — |
| The Northern Trust Company | — | — | — | — | — | $102,855 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Helps organizations listed in Schedule A Part I.
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International Folk Art Foundation
Grant
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2026 990, line by line.
Download 990
| Line | Start FY26 | End FY26 |
|---|---|---|
| Cash and savingsLn 1–2 | $386K | $422K |
| InvestmentsLn 11–13 | $23.2M | $22.8M |
| Total assetsLn 16 | $23.6M | $23.2M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $23.6M | $23.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $93K | $93K | ||
| Pay of current officers, directors and key staffLn 5 | $10K | $8K | $3K | |
| Other fees for servicesLn 11g | $0 | $0 | $0 | |
| Other expenses (24a–d)Ln 24 | $14 | $14 | ||
| Total functional expensesLn 25 | $103K | $100K | $3K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 Latest Viewing | $107K | $103K | $4K | $23.2M | 990 PDF |
| FY2025 | $1.9M | $1.3M | $575K | $23.6M | 990 PDF |
| FY2024 | $1.2M | $1.3M | −$109K | $22.7M | 990 PDF |
| FY2023 | $718K | $1.3M | −$536K | $22.0M | 990 PDF |
| FY2022 | $2.5M | $1.2M | $1.2M | $22.5M | 990 PDF |
| FY2021 | $1.6M | $1.1M | $517K | $21.3M | 990 PDF |
| FY2020 | $1.2M | $1.1M | $98K | $20.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2026 990 (6 parts)
Part I · Summary $107,029 revenue, 12 lines filed
Part VI · Governance 1 of 1 board members independent, 2 to look at
Part VIII · Statement of revenue $107,029 across 3 lines filed
Part IX · Statement of functional expenses $102,726 across 4 lines filed
Part X · Balance sheet $23,204,003 assets, 6 lines filed
Part XI · Reconciliation of net assets $23,204,003 net assets at year end
Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File
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