Civic Intelligence

Foundation of Artists Mentored in Entertainment

990EZ • Fiscal year 2019 • EIN 27-0150958

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 19, 2020

Organization Profilewww.fame-chicago.org
1300 N Lakeshore DriveChicago, IL 60610-5152

(312) 601-2345

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

76th percentile

27%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$28,749

Up $6,153 (+27%) from 2018

Net Assets

Up

$28,420

Up $5,824 (+26%) from 2018

Liabilities

Up

$329

Up $329 from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin76th percentile

Revenue

Up

$28,946

Up $5,136 (+22%) from 2018

Expenses

Up

$23,122

Up $3,536 (+18%) from 2018

Net Income

Up

$5,824

Up $1,600 (+38%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2018: $22,596Liabilities 2018: $0Net Assets 2018: $22,5962018Assets 2019: $28,749Liabilities 2019: $329Net Assets 2019: $28,4202019Assets 2020: $24,459Liabilities 2020: $247Net Assets 2020: $24,2122020Assets 2021: $30,113Liabilities 2021: $65Net Assets 2021: $30,0482021Assets 2022: $37,202Liabilities 2022: $501Net Assets 2022: $36,7012022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$28,749
Liabilities$329
Net Assets$28,420
Open 2019 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2018: $23,810Expenses 2018: $19,586Net Income 2018: $4,2242018Revenue 2019: $28,946Expenses 2019: $23,122Net Income 2019: $5,8242019Revenue 2020: $5,861Expenses 2020: $10,069Net Income 2020: -$4,2082020Revenue 2021: $15,476Expenses 2021: $9,640Net Income 2021: $5,8362021Revenue 2022: $28,153Expenses 2022: $21,500Net Income 2022: $6,6532022Revenue 2023: $322Expenses 2023: $32,023Net Income 2023: -$31,7012023

Highlighted filing

2019

Revenue$28,946
Expenses$23,122
Net Income$5,824
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 19, 2020
Return Version
2019v5.0
Gross Receipts
$28,946
Mission and Program Overview

Mission

Support young performerscareers

Program Services

DescriptionGrantsExpenses
April 2019 An Evening of FAME helped qualified deserving Chicagoland performing winning artists, financial and mentorship awards to help them in the art career$3,873$10,313
October 2019 Bubbles & Brunch helped qualified deserving Chicagoland performing winning artists, financial and mentorship awards to help them in the arts and entertainment career$40$5,809
2019 On Camera Class for Actors helped qualified deserving Chicagoland performing winning artists in the arts and entertainment career and helped them to become better actors$143$1,179
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lily LiuPresident-$0--
Filing and Contact Details

Filer

Filer Name
Foundation of Artists Mentored in Entertainment
EIN
27-0150958
Address
1300 N Lakeshore Drive, Chicago, IL 60610-5152

Signing Officer

Name
Lily Liu
Title
President
Phone
3126012345
Signed
2020-03-19
Discuss with paid preparer
No

Preparer

Firm
Jun Zhou CPA Ltd
Address
625 N Michigan Ave Suite 1705, Chicago, IL 60611
Preparer
Yiru Chen
Phone
3128088899
Supplemental Narrative

Additional Explanations

General explanation attachment

“FAME awards multiple financial and educational grants to young artists. Above and beyond funding, our program is the only one that also mentors those awardees. If you see it, you can be it is our mantra so our program partners aspiring artists with established performers”

List of grants and similar amounts paid Part I line 10

“Amount 4,055”

Description of other expenses Part I line 16

“Description AmountBusiness Reglstration Fee 300Donations 265Bank Charge 674Event Expenses 1,299Other Costs 40Rounding 1”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearCredit Card Payable 0 329”

Raw XML Appendix145 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/ExplanationTxt0FAME awards multiple financial and educational grants to young artists. Above and beyond funding, our program is the only one that also mentors those awardees. If you see it, you can be it is our mantra so our program partners aspiring artists with established performers
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
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ReturnHeader/TaxPeriodBeginDt02019-01-01
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ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,749
Liabilities
$329
Net assets
$28,420
Revenue
$28,946
Expenses
$23,122
Net income
$5,824
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.32$32.0$31.7
2022Detailed filing. Detailed filing data is available for this year.$37.2$0.50$36.7$28.2$21.5$6.65
2021Detailed filing. Detailed filing data is available for this year.$30.1$0.07$30.0$15.5$9.64$5.84
2020Detailed filing. Detailed filing data is available for this year.$24.5$0.25$24.2$5.86$10.1$4.21
2019Detailed filing. Detailed filing data is available for this year.$28.7$0.33$28.4$28.9$23.1$5.82
2018Detailed filing. Detailed filing data is available for this year.$22.6$0.00$22.6$23.8$19.6$4.22