Civic Intelligence

Foundation for Art and Music In

EIN 35-1719238 • 501(c)3 • Fort Wayne, IN

Profile

The mission of fame is to foster and perpetuate creativity through multicultural arts education: we believe in the value and power of the arts to kindle the imagination, encourage creative thinking and enhance human development.

300 E Main Street Suite 130Fort Wayne, IN 46802

famearts.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

16th percentile

-43%

Higher net margin than 16% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$46,444

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 32.5% of source-year revenue.

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

Asset Growth

22nd percentile

-42%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

59th percentile

5.5%

Faster revenue growth than 59% of similar nonprofits.

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

Assets

Down

$85,847

Down $61,657 (-42%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$85,847

Down $61,657 (-42%) from 2023

Revenue

Up

$142,719

Up $7,490 (+5.5%) from 2023

Expenses

Down

$204,376

Down $5,214 (-2.5%) from 2023

Net Income

Up

-$61,657

Up $12,704 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2021: $236,984Liabilities 2021: $5,747Net Assets 2021: $231,2372021Assets 2022: $265,806Liabilities 2022: $1,839Net Assets 2022: $263,9672022Assets 2023: $147,504Liabilities 2023: $0Net Assets 2023: $147,5042023Assets 2024: $85,847Liabilities 2024: $0Net Assets 2024: $85,8472024

Highlighted filing

2024

Assets$85,847
Liabilities$0
Net Assets$85,847

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $149,708Expenses 2021: $112,643Net Income 2021: $37,0652021Revenue 2022: $177,296Expenses 2022: $144,566Net Income 2022: $32,7302022Revenue 2023: $135,229Expenses 2023: $209,590Net Income 2023: -$74,3612023Revenue 2024: $142,719Expenses 2024: $204,376Net Income 2024: -$61,6572024

Highlighted filing

2024

Revenue$142,719
Expenses$204,376
Net Income-$61,657

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 14, 2024
Return Version
2023v5.0
Gross Receipts
$142,719
Mission and Program Overview

Mission

The mission of fame is to foster and perpetuate creativity through multicultural arts education.

The mission of fame is to foster and perpetuate creativity through multicultural arts education: we believe in the value and power of the arts to kindle the imagination, encourage creative thinking and enhance human development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$58,138$52,225▼ $5,913
Savings and Temporary Cash Investments$71,827$30,101▼ $41,726
Cash and Non-Interest-Bearing Accounts$17,539$3,521▼ $14,018
Total Assets$147,504$85,847▼ $61,657
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$136,570$85,069▼ $51,501
Net Assets With Donor Restrictions$10,934$778▼ $10,156
Total Net Assets Fund Balance$147,504$85,847▼ $61,657
Total Liabilities and Net Assets / Fund Balance$147,504$85,847▼ $61,657

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$47,305$42,033$89,338
Equipment$4,600$19,244$23,844
Leasehold Improvements$320$480$800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kryste WallenExecutive DiFT$42,718$3,726$46,444

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$104,222
Program Service Revenue
$32,120
Investment Income
$1,532
Other Revenue
$4,845
All Other Contributions
$82,123
Change in Net Assets
$-61,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,267
Salaries, Compensation, and Employee Benefits$101,109
Total Fundraising Expense$31,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$16,919$28,779$11,859$57,557
Other Salaries and Wages$52$21,788$15,158$36,998
Fees for Services Other$30,230$777$3,239$34,246
Occupancy$14,937$4,310-$19,247
Office Expenses$13,638$622-$14,260
Depreciation Depletion-$6,803-$6,803
Payroll Taxes$1,311$3,932$1,311$6,554
Fees for Services Accounting-$5,000-$5,000
Insurance$1,647$1,646-$3,293
Advertising$3,062--$3,062
Travel$2,582--$2,582
Other Expenses$862$598$39$598
Information Technology$208$250-$458
Total Functional Expenses$94,389$78,381$31,606$204,376
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,750
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is electronically provided to all board members to review and comment on prior to filing.

Form 990, Page 6, Part VI, Line 15A

The board sets the compensation for all employees and it is based on comparable compensation for similar positions in other organizations.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 is available at guidestar.org and irs.gov.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements for the organization are available upon written request.

Filing and Contact Details

Filer

Filer Name
Foundation for Art and Music in
EIN
35-1719238
Phone
2602477325
Address
300 E MAIN STREET SUITE 130, FORT WAYNE, IN 46802
Doing Business As
Fame

Signing Officer

Name
Diana Bartscht
Title
Treasurer
Phone
2602477325
Signed
2024-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Gordon
Formed
1988
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
162

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Carrie B Minnich CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of fame is to foster and perpetuate creativity through multicultural arts education: we believe in the value and power of the arts to kindle the imagination, encourage creative thinking and enhance human development.

Form 990, Page 2, Part III, Line 4A

Arts camp - a week long over-night summer residential arts camp at camp lutherwald. 42 campers (ages 8-16) together with an outstanding faculty of arts educators gathered to create a unique student artist colony. Classes in music, visual arts, drama, dance, and storytelling are interspersed with camp activities including swimming, boating and rock wall climbing. The classes are designed to provide immersion in the creative arts concentrated around the annual cultural focus. For 2023-24 the cultural focus was scandanavia and the nordic region "myths and legends." visiting artist program - fame's multicultural visiting artist program seeks to broaden cultural perceptions among elementary school students with performances by leading experts from diverse cultures around the world. Using the annual cultural focus to guide selections, visiting artists are masters of ethnic artistic expression and have included painters, sculptors, musicians, composers, dancers, singers and actors. Music and art festivals - held every year during spring in the month of march, these two-day festivals in fort wayne at the grand wayne center and wabash at the honeywell center feature an average of 220 performing groups, 6,100 student paintings, drawings and sculptures, and the imaginarium hands-on creative arts center. Performances by visiting artists, the interactive instrument playground all add to the exuberant atmosphere that highlights the creativity of indiana's elementary students. Annually, approximately 28,000 students participate in fame festivals, with an estimated 40,000 spectators. 150 volunteers from the community come to help with the work.

Form 990, Part IX, Line 11G

Other fees 30,230 777 3,239

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IRS990/MissionDesc0THE MISSION OF FAME IS TO FOSTER AND PERPETUATE CREATIVITY THROUGH MULTICULTURAL ARTS EDUCATION: WE BELIEVE IN THE VALUE AND POWER OF THE ARTS TO KINDLE THE IMAGINATION, ENCOURAGE CREATIVE THINKING AND ENHANCE HUMAN DEVELOPMENT.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING 36,103 BOOTH RENTAL 5,060 PROGRAM ADS 2,860
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SCHEDULE A WAS COMPLETED INCORRECTLY IN YEARS PRIOR TO 6/30/2023 AS THE REASON FOR PUBLIC CHARITY STATUS IN PART I WAS ANSWERED INCORRECTLY. LINE 7 WAS INCORRECTLY SELECTED INSTEAD OF LINE 10. THE ERROR HAD NO IMPACT ON THE ORGANIZATION'S PUBLIC CHARITY STATUS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
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