Civic Intelligence

Foundation to Assist Young Musician

EIN 26-1472871 • 501(c)3 • Las Vegas, NV

Profile

The primary mission of the organization is to provide the following to young musicians: financial support, early training, advanced study, and professional career development.

9513 Coral WayLas Vegas, NV 89117

www.thefaym.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

72nd percentile

15%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

34%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$285,002

Up $37,339 (+15%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$285,002

Up $37,339 (+15%) from 2023

Revenue

Up

$194,277

Up $49,175 (+34%) from 2023

Expenses

Up

$156,938

Up $4,026 (+2.6%) from 2023

Net Income

Up

$37,339

Up $45,149 (+578%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $24,253Net Assets 2010: $24,2532010Assets 2011: $14,495Net Assets 2011: $14,4952011Assets 2012: $69,222Net Assets 2012: $69,2222012Assets 2013: $104,154Net Assets 2013: $104,1542013Assets 2014: $119,769Net Assets 2014: $119,7692014Assets 2015: $57,724Liabilities 2015: $2,100Net Assets 2015: $55,6242015Assets 2016: $80,988Liabilities 2016: $18,615Net Assets 2016: $62,3732016Assets 2017: $95,348Liabilities 2017: $18,571Net Assets 2017: $76,7772017Assets 2018: $70,925Liabilities 2018: $18,571Net Assets 2018: $52,3542018Assets 2019: $137,071Net Assets 2019: $137,0712019Assets 2020: $182,301Net Assets 2020: $182,3012020Assets 2021: $239,448Net Assets 2021: $239,4482021Assets 2022: $255,473Net Assets 2022: $255,4732022Assets 2023: $247,663Net Assets 2023: $247,6632023Assets 2024: $285,002Net Assets 2024: $285,0022024

Highlighted filing

2024

Assets$285,002
Liabilities-
Net Assets$285,002

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2010: $38,654Expenses 2010: $23,121Net Income 2010: $15,5332010Revenue 2011: $23,558Expenses 2011: $33,317Net Income 2011: -$9,7592011Revenue 2012: $96,426Expenses 2012: $41,949Net Income 2012: $54,4772012Revenue 2013: $83,254Expenses 2013: $51,015Net Income 2013: $32,2392013Revenue 2014: $93,646Expenses 2014: $81,037Net Income 2014: $12,6092014Revenue 2015: $25,364Expenses 2015: $89,509Net Income 2015: -$64,1452015Revenue 2016: $107,356Expenses 2016: $100,607Net Income 2016: $6,7492016Revenue 2017: $88,488Expenses 2017: $74,084Net Income 2017: $14,4042017Revenue 2018: $65,798Expenses 2018: $90,221Net Income 2018: -$24,4232018Revenue 2019: $152,067Expenses 2019: $67,351Net Income 2019: $84,7162019Revenue 2020: $131,388Expenses 2020: $86,158Net Income 2020: $45,2302020Revenue 2021: $168,281Expenses 2021: $111,135Net Income 2021: $57,1462021Revenue 2022: $134,123Expenses 2022: $118,098Net Income 2022: $16,0252022Revenue 2023: $145,102Expenses 2023: $152,912Net Income 2023: -$7,8102023Revenue 2024: $194,277Expenses 2024: $156,938Net Income 2024: $37,3392024

Highlighted filing

2024

Revenue$194,277
Expenses$156,938
Net Income$37,339

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.85$2.85$1.94$1.57$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.48$2.48$1.45$1.53$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.55$2.55$1.34$1.18$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.39$2.39$1.68$1.11$0.57
2020Detailed filing. Detailed filing data is available for this year.$1.82$1.82$1.31$0.86$0.45
2019Detailed filing. Detailed filing data is available for this year.$1.37$1.37$1.52$0.67$0.85
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.19$0.52$0.66$0.90$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.19$0.77$0.88$0.74$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.19$0.62$1.07$1.01$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.02$0.56$0.25$0.90$0.64
2014Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.94$0.81$0.13
2013Detailed filing. Detailed filing data is available for this year.$1.04$1.04$0.83$0.51$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.69$0.96$0.42$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.24$0.33$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.24$0.39$0.23$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 9, 2025
Return Version
2024v5.0
Gross Receipts
$194,277
Mission and Program Overview

Mission

The primary mission of the organization is to provide the following to young musicians: financial support, early training, advanced study, and professional career development.

Program Services

DescriptionGrantsExpenses
EARLY MUSIC TRAINING HELPS FUND AND IMPLEMENT MUSIC TRAINING OPPORTUNITIES, BEGINNING WITH PRE-SCHOOL AND CONTINUING THROUGHOUT THE TWELFTH GRADE. THROUGOUT THE YEAR FAYM HAS ASSISTED IN VIOLIN LESSONS FOR ELEMENTARY SCHOOL AGE CHILDREN IN LOWER INCOME AREAS.-$150,938
THE ADVANCED STUDY ENDEAVORS SUPPORTED BY FAYM INCLUDE ACADEMIC SUPPORT FOR MUSIC STUDY AFTER GRADUATION FROM HIGH SCHOOL, FOR EXAMPLE: TUITION AND FEES AT AN INSTITIUTE OF HIGHER LEARNING, MASTER CLASSES, PRIVATE INSTRUCTION, TRAVEL AND ROOM AND BOARD EXPENSES, ETC.-$6,000
ASSIST ASPIRING MUSICIANS IN DEVELOPING OPPORTUNITIES TO PERFORM, PURSUE ADDITIONAL STUDY AND TO PARTICIPATE IN SYMPOSIA, WORKSHOPS, COMPETITIONS AND FESTIVALS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARTURO OCHOAPresidentPT$0--
DR RICHARD MCGEEVice PresidePT$0--
STEPHEN WALDRONPast Treasur-$0--
MITCH TERRYTreasurer-$0--
DEBORAH BONDSSecretaryPT$0--
HAROLD L WELLERDirectorPT$0--
ELLIOT GORLINDirectorPT$0--
BILL THORNHILLDirectorPT$0--
SANDRA PELAEZDirectorPT$0--
LISBETH ARCINIEGADirectorPT$0--
MARY HOWARDDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Foundation to Assist Young Musician
EIN
26-1472871
Phone
7022551831
Address
9513 CORAL WAY, LAS VEGAS, NV 89117

Signing Officer

Name
Arturo Ochoa
Title
President
Phone
7022551831
Signed
2025-07-09
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses insurance 1,703 payroll expenses: payroll 2,531 scholarships 6,000 dues and subscriptions 1,596 gifts and awards 500 instruments 2,280 meals 2,137 supplies & materials 6,598 bank service fees 290 golden violin 2,068 storage fees 1,924 summer camp faculty 600 teacher fellowship 3,455 miscellaneous service 300 total 31,982

Form 990-ez, Part II, Line 24

Cello 0 0 music stands 0 0 violins 0 0 instruments 0 0 bass 0 0 cello 0 0 music stands 0 0 violins 0 0 instruments purchase 0 0 accumulated depreciation 0 0 total 0 0

Form 990-ez, Part III

The primary mission of the organization is to provide the following to young musicians: financial support, early training, advanced study, and professional career development.

Form 990-ez, Part III, Line 28

The advanced study endeavors supported by faym include academic support for music study after graduation from high school, for example: tuition and fees at an institiute of higher learning, master classes, private instruction, travel and room and board expenses, etc.

Form 990-ez, Part III, Line 30

Early music training helps fund and implement music training opportunities, beginning with pre-school and continuing throughout the twelfth grade. Througout the year faym has assisted in violin lessons for elementary school age children in lower income areas.

Raw XML Appendix193 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 1,703 PAYROLL EXPENSES: PAYROLL 2,531 SCHOLARSHIPS 6,000 DUES AND SUBSCRIPTIONS 1,596 GIFTS AND AWARDS 500 INSTRUMENTS 2,280 MEALS 2,137 SUPPLIES & MATERIALS 6,598 BANK SERVICE FEES 290 GOLDEN VIOLIN 2,068 STORAGE FEES 1,924 SUMMER CAMP FACULTY 600 TEACHER FELLOWSHIP 3,455 MISCELLANEOUS SERVICE 300 TOTAL 31,982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CELLO 0 0 MUSIC STANDS 0 0 VIOLINS 0 0 INSTRUMENTS 0 0 BASS 0 0 CELLO 0 0 MUSIC STANDS 0 0 VIOLINS 0 0 INSTRUMENTS PURCHASE 0 0 ACCUMULATED DEPRECIATION 0 0 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRIMARY MISSION OF THE ORGANIZATION IS TO PROVIDE THE FOLLOWING TO YOUNG MUSICIANS: FINANCIAL SUPPORT, EARLY TRAINING, ADVANCED STUDY, AND PROFESSIONAL CAREER DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ADVANCED STUDY ENDEAVORS SUPPORTED BY FAYM INCLUDE ACADEMIC SUPPORT FOR MUSIC STUDY AFTER GRADUATION FROM HIGH SCHOOL, FOR EXAMPLE: TUITION AND FEES AT AN INSTITIUTE OF HIGHER LEARNING, MASTER CLASSES, PRIVATE INSTRUCTION, TRAVEL AND ROOM AND BOARD EXPENSES, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EARLY MUSIC TRAINING HELPS FUND AND IMPLEMENT MUSIC TRAINING OPPORTUNITIES, BEGINNING WITH PRE-SCHOOL AND CONTINUING THROUGHOUT THE TWELFTH GRADE. THROUGOUT THE YEAR FAYM HAS ASSISTED IN VIOLIN LESSONS FOR ELEMENTARY SCHOOL AGE CHILDREN IN LOWER INCOME AREAS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 30
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ReturnHeader/ReturnTs02025-07-14T23:24:35-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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