(shut up, GfS) The Alaska Folk Festival is funded in its entirety by memberships (start at $15 for a basic membership) and the sale of merchandise. The merchandise is all imprinted with portions of the official annual poster and include T-shirts, sweatshirts, mugs, pins, instrument straps, trivets, posters, and other stuff.

Entry during the 7-day event is free, and only the Guest artist(s) is paid for performing. The Guest Artist's travel and room are also paid for and there are lots of perks for them, such as flight-seeing, fishing or boat excursions, whale watching, being taken home for dinner, etc. For that they are expected to perform two different 45-minute sets on stage and on Saturday and Sunday host and facilitate a workshop in their area of expertise.

I don't recognize anything #1 Peasant describes.