Civic Intelligence

Fox Valley Music Foundation

EIN 47-1159879 • 501(c)3 • Aurora, IL

Pub. 78 Eligible990-N Coverage

Profile

The foundation's goal is to preserve, protect, promote the music of the fox valley (illinois) area. This is accomplished by providing educational opportunities through their website, free lectures, music documentaries, livestream and performace events. Events are held in the venue operated by the music foundation, and in the adjacent mundy park in furtherance of its broader non-profit goals.

21 S Broadway AveAurora, IL 60505

foxvalleymusicfoundation.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.93x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.45x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

35th percentile

-2.4%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$31,754

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

26th percentile

-6.2%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$372,746

Down $24,506 (-6.2%) from 2023

Liabilities

Down

$345,424

Down $6,147 (-1.7%) from 2023

Net Assets

Down

$27,322

Down $18,359 (-40%) from 2023

Revenue

Up

$775,926

Up $176,473 (+29%) from 2023

Expenses

Up

$794,285

Up $152,001 (+24%) from 2023

Net Income

Up

-$18,359

Up $24,472 (+57%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $235,569Liabilities 2018: $23,3352018Assets 2019: $338,707Liabilities 2019: $105,745Net Assets 2019: $232,9622019Assets 2020: $461,038Liabilities 2020: $251,315Net Assets 2020: $209,7232020Assets 2021: $363,431Liabilities 2021: $202,694Net Assets 2021: $160,7372021Assets 2022: $466,916Liabilities 2022: $378,404Net Assets 2022: $88,5122022Assets 2023: $397,252Liabilities 2023: $351,571Net Assets 2023: $45,6812023Assets 2024: $372,746Liabilities 2024: $345,424Net Assets 2024: $27,3222024

Highlighted filing

2024

Assets$372,746
Liabilities$345,424
Net Assets$27,322

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $199,257Expenses 2018: $43,652Net Income 2018: $155,6052018Revenue 2019: $316,375Expenses 2019: $295,647Net Income 2019: $20,7282019Revenue 2020: $265,454Expenses 2020: $288,693Net Income 2020: -$23,2392020Revenue 2021: $374,197Expenses 2021: $423,183Net Income 2021: -$48,9862021Revenue 2022: $484,430Expenses 2022: $556,655Net Income 2022: -$72,2252022Revenue 2023: $599,453Expenses 2023: $642,284Net Income 2023: -$42,8312023Revenue 2024: $775,926Expenses 2024: $794,285Net Income 2024: -$18,3592024

Highlighted filing

2024

Revenue$775,926
Expenses$794,285
Net Income-$18,359

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 9, 2025
Return Version
2024v5.0
Gross Receipts
$775,926
Mission and Program Overview

Mission

The foundation's goal is to preserve, protect, promote the music of the fox valley (illinois) area. This is accomplished by providing educational opportunities through their website, free lectures, music documentaries, livestream and performace events. Events are held in the venue operated by the music foundation, and in the adjacent mundy park in furtherance of its broader non-profit goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$243,218$246,137▲ $2,919
Cash and Non-Interest-Bearing Accounts$130,825$79,607▼ $51,218
Accounts Receivable$4,855$41,706▲ $36,851
Prepaid Expenses and Deferred Charges$14,900--
Inventories for Sale or Use$1,454$3,296▲ $1,842
Total Assets$397,252$372,746▼ $24,506
Other Assets Total$2,000$2,000→ $0
Liabilities
Unsecured Notes Loans Payable$336,332$327,057▼ $9,275
Accounts Payable and Accrued Expenses$8,682$11,863▲ $3,181
Other Liabilities$6,557$6,504▼ $53
Total Liabilities$351,571$345,424▼ $6,147
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,000$15,000▲ $10,000
Net Assets Without Donor Restrictions$40,681$12,322▼ $28,359
Total Net Assets Fund Balance$45,681$27,322▼ $18,359
Total Liabilities and Net Assets / Fund Balance$397,252$372,746▼ $24,506

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,064--
Equipment$174,347--
Leasehold Improvements$52,726$196,328-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen FoutsExecutive DiFT$31,754$31,754

Board Members and Trustees

NameTitle
Ryan AndersonPresident
Bill ArtlipDirector
Chris BaulerDirector
Tim HopkinsDirector
Jim GibbonsSecretary
Bill WietTreasurer
Gina MogaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$27,950
Program Service Revenue
$686,991
Investment Income
$0
Other Revenue
$60,985
All Other Contributions
$9,950
Change in Net Assets
$-18,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$775,926
Total Revenue per Audited Statements
$775,926
Total Revenue per Form 990
$775,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$634,226
Salaries, Compensation, and Employee Benefits$160,059
Total Fundraising Expense$130,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$331,385--$331,385
Other Salaries and Wages$43,094$64,642$35,910$143,646
Advertising--$48,719$48,719
Depreciation Depletion-$26,801-$26,801
Occupancy$9,035$9,035-$18,070
Office Expenses$9,691$4,175-$13,866
Payroll Taxes$3,650$5,476$3,043$12,169
Interest-$9,133-$9,133
Insurance$3,067$3,067-$6,134
All Other Expenses$2,831$2,811-$5,642
Other Expenses$8,157$4,614$41,493$4,614
Other Employee Benefits$1,273$1,911$1,060$4,244
Total Functional Expenses$508,249$155,811$130,225$794,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$794,285
Total Expenses per Audited Statements$794,285
Total Expenses per Form 990$794,285
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Outstanding Gift Cards$6,504
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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

The 990 filing is reviewed by the executive board, then passed along to the full board for approval before filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed annually. It is consistently monitored and enforced through incluseion as an agenda item at the monthly meeting of the board of directors.

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

Compensation for the executive director was researched by the board of directors. The board went into executive session where a determination was made and recommended for vote by the full board.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available by request. The annual reports and attorney general's filings are available to the public and can be found on the fox valley music foundation's website.

Filing and Contact Details

Filer

Filer Name
Fox Valley Music Foundation
EIN
47-1159879
Phone
3312128490
Address
21 S BROADWAY AVE, AURORA, IL 60505

Signing Officer

Name
Karen Fouts
Title
Executive Director
Phone
3312128490
Signed
2025-10-09

Organization Details

Principal Officer
Ryan Anderson
Formed
2014
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
220

Preparer

Firm
Rcs Cpas Pllc
Address
4415 HARRISON ST SUITE 552, HILLSIDE, IL 60162
Preparer
Mohammad Sheikh
Phone
7084829488
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundation's goal is to preserve, protect, promote the music of the fox valley (illinois) area. This is accomplished by providing educational opportunities through their website, free lectures, music documentaries, livestream and performace events. Events are held in the venue operated by the music foundation, and in the adjacent mundy park in furtherance of its broader non-profit goals.

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

2022 was our first full year of regular season programming since the opening of the venue in june 2019. After 16 months of forced closure and reduced capacity during 2020 and part of 2021 due to the covid pandemic, the venue returned to presenting a full schedule of live music with local, regional and national touring artists on stage from two to five nights a week. Audience attendance increased 250% in 2022, with approximately 15% of the shows selling out. Increased attendance has translated into additional foot traffic and has served as an economic driver for businesses and restaurants in the downtown arts district. In addition to the increased attendance, 2022 saw an increase in the number and types of shows presented, from 132 shows in 2021 to 181 shows in 2022. The venue has become a destination for music lovers of all genres and from all walks of life and has received high praise from touring musicians.

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

Residency programs in 2022 the music foundation, in cooperation with the pete ellman jazz big band nfp, began a weekly residency program, presenting 38 jazz big band concerts that included 45 middle and high school jazz bands as "openers" prior to the professional big band concerts. This program speaks directly to our mission to provide affordable music programming and education to all. This program is a way to get budding musicians into a real-world environment where they can play in front of a live audience as well as parents and classmates. The highly successful series takes place from mid- october thru june and sells out on a regular basis. In addition to the jazz residency, the venue is pleased to have terrapin flyer as a monthly residency. The grateful dead tribute band performs on the second thursday of each month to packed audiences. What is at the core of the residency is the idea that the grateful dead and jerry garcia's music still has plenty of life in it and that the music being so improvisational in nature can and does go to new places in each performance. No two terrapin flyer shows are ever the same and you never know who might show up to jam at a show.

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

In addition to items listed above, fvmf is proud to continue their singer/songwriter programming which provides opportunities for aspiring musicians to present their music, learn their craft and share music with others. The music in mundy outdoor concert series evolved into a summer festival series: june/blues, july/jazz and august/americana. 2022 saw increased collaboration with other non-profit organizations through rentals, assisting in fundraising efforts for their organizations, some of which included united way, the neighbor project, rouse 3.0 and the kane county bar association. The venue has also hosted many workshops and seminars for the city of aurora and fox valley businesses in an effort to increase revenue to cover programming costs. The venue has become a true community gathering place where both musicians, patrons and volunteers can gather with a common purpose. Our hardworking volunteers contribute their time and talents to ensure that the fvmf and the venue will continue to operate successfully in the coming years.

Form 990, Part IX, Line 11G

Perfomance fees and sound 331,385 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Fox valley music foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). There was no unrelated business income nor unrecognized tax benefits for the year ended december 31, 2024. Each of the organization's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization 's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31, 2024.

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IRS990/Desc02022 WAS OUR FIRST FULL YEAR OF REGULAR SEASON PROGRAMMING SINCE THE OPENING OF THE VENUE IN JUNE 2019. AFTER 16 MONTHS OF FORCED CLOSURE AND REDUCED CAPACITY DURING 2020 AND PART OF 2021 DUE TO THE COVID PANDEMIC, THE VENUE RETURNED TO PRESENTING A FULL SCHEDULE OF LIVE MUSIC WITH LOCAL, REGIONAL AND NATIONAL TOURING ARTISTS ON STAGE FROM TWO TO FIVE NIGHTS A WEEK. AUDIENCE ATTENDANCE INCREASED 250% IN 2022, WITH APPROXIMATELY 15% OF THE SHOWS SELLING OUT. INCREASED ATTENDANCE HAS TRANSLATED INTO ADDITIONAL FOOT TRAFFIC AND HAS SERVED AS AN ECONOMIC DRIVER FOR BUSINESSES AND RESTAURANTS IN THE DOWNTOWN ARTS DISTRICT. IN ADDITION TO THE INCREASED ATTENDANCE, 2022 SAW AN INCREASE IN THE NUMBER AND TYPES OF SHOWS PRESENTED, FROM 132 SHOWS IN 2021 TO 181 SHOWS IN 2022. THE VENUE HAS BECOME A DESTINATION FOR MUSIC LOVERS OF ALL GENRES AND FROM ALL WALKS OF LIFE AND HAS RECEIVED HIGH PRAISE FROM TOURING MUSICIANS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESIDENCY PROGRAMS IN 2022 THE MUSIC FOUNDATION, IN COOPERATION WITH THE PETE ELLMAN JAZZ BIG BAND NFP, BEGAN A WEEKLY RESIDENCY PROGRAM, PRESENTING 38 JAZZ BIG BAND CONCERTS THAT INCLUDED 45 MIDDLE AND HIGH SCHOOL JAZZ BANDS AS "OPENERS" PRIOR TO THE PROFESSIONAL BIG BAND CONCERTS. THIS PROGRAM SPEAKS DIRECTLY TO OUR MISSION TO PROVIDE AFFORDABLE MUSIC PROGRAMMING AND EDUCATION TO ALL. THIS PROGRAM IS A WAY TO GET BUDDING MUSICIANS INTO A REAL-WORLD ENVIRONMENT WHERE THEY CAN PLAY IN FRONT OF A LIVE AUDIENCE AS WELL AS PARENTS AND CLASSMATES. THE HIGHLY SUCCESSFUL SERIES TAKES PLACE FROM MID- OCTOBER THRU JUNE AND SELLS OUT ON A REGULAR BASIS. IN ADDITION TO THE JAZZ RESIDENCY, THE VENUE IS PLEASED TO HAVE TERRAPIN FLYER AS A MONTHLY RESIDENCY. THE GRATEFUL DEAD TRIBUTE BAND PERFORMS ON THE SECOND THURSDAY OF EACH MONTH TO PACKED AUDIENCES. WHAT IS AT THE CORE OF THE RESIDENCY IS THE IDEA THAT THE GRATEFUL DEAD AND JERRY GARCIA'S MUSIC STILL HAS PLENTY OF LIFE IN IT AND THAT THE MUSIC BEING SO IMPROVISATIONAL IN NATURE CAN AND DOES GO TO NEW PLACES IN EACH PERFORMANCE. NO TWO TERRAPIN FLYER SHOWS ARE EVER THE SAME AND YOU NEVER KNOW WHO MIGHT SHOW UP TO JAM AT A SHOW.
IRS990/ProgSrvcAccomActy3Grp/Desc0MUSIC EDUCATION ROCK TALK FREE LECTURE SERIES WITH PROFESSOR MARK PLUMMER THE MUSIC FOUNDATION IN COLLABORATION WITH PROFESSOR MARK PLUMMER OF AURORA UNIVERSITY PRESENTED A 4-PART, FREE LECTURE SERIES CALLED ROCK TALK. THE INFORMATIVE, EDUCATIONAL AND ENTERTAINING SERIES TOOK PLACE ON SUNDAY AFTERNOONS, GIVING PATRONS OF ALL AGES, AN IN DEPTH LOOK AT IMPORTANT, HISTORICAL MUSIC EVENTS, INCLUDING THE MONTEREY INTERNATIONAL POP FESTIVAL, THE RISE AND FALL OF STAX RECORDS, THE ALTAMONT MUSIC FESTIVAL OF 1969 AND THE MAGNUM OPUS. FILLED WITH FACTS, PHOTOS, MUSIC VIDEO CLIPS, INTERVIEWS AND MORE, THE SUCCESSFUL SERIES WILL BE BACK AGAIN NEXT YEAR TO EXPLORE MORE MUSIC HISTORY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0IN ADDITION TO ITEMS LISTED ABOVE, FVMF IS PROUD TO CONTINUE THEIR SINGER/SONGWRITER PROGRAMMING WHICH PROVIDES OPPORTUNITIES FOR ASPIRING MUSICIANS TO PRESENT THEIR MUSIC, LEARN THEIR CRAFT AND SHARE MUSIC WITH OTHERS. THE MUSIC IN MUNDY OUTDOOR CONCERT SERIES EVOLVED INTO A SUMMER FESTIVAL SERIES: JUNE/BLUES, JULY/JAZZ AND AUGUST/AMERICANA. 2022 SAW INCREASED COLLABORATION WITH OTHER NON-PROFIT ORGANIZATIONS THROUGH RENTALS, ASSISTING IN FUNDRAISING EFFORTS FOR THEIR ORGANIZATIONS, SOME OF WHICH INCLUDED UNITED WAY, THE NEIGHBOR PROJECT, ROUSE 3.0 AND THE KANE COUNTY BAR ASSOCIATION. THE VENUE HAS ALSO HOSTED MANY WORKSHOPS AND SEMINARS FOR THE CITY OF AURORA AND FOX VALLEY BUSINESSES IN AN EFFORT TO INCREASE REVENUE TO COVER PROGRAMMING COSTS. THE VENUE HAS BECOME A TRUE COMMUNITY GATHERING PLACE WHERE BOTH MUSICIANS, PATRONS AND VOLUNTEERS CAN GATHER WITH A COMMON PURPOSE. OUR HARDWORKING VOLUNTEERS CONTRIBUTE THEIR TIME AND TALENTS TO ENSURE THAT THE FVMF AND THE VENUE WILL CONTINUE TO OPERATE SUCCESSFULLY IN THE COMING YEARS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOX VALLEY MUSIC FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2024. EACH OF THE ORGANIZATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE ORGANIZATION 'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S GOAL IS TO PRESERVE, PROTECT, PROMOTE THE MUSIC OF THE FOX VALLEY (ILLINOIS) AREA. THIS IS ACCOMPLISHED BY PROVIDING EDUCATIONAL OPPORTUNITIES THROUGH THEIR WEBSITE, FREE LECTURES, MUSIC DOCUMENTARIES, LIVESTREAM AND PERFORMACE EVENTS. EVENTS ARE HELD IN THE VENUE OPERATED BY THE MUSIC FOUNDATION, AND IN THE ADJACENT MUNDY PARK IN FURTHERANCE OF ITS BROADER NON-PROFIT GOALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12022 WAS OUR FIRST FULL YEAR OF REGULAR SEASON PROGRAMMING SINCE THE OPENING OF THE VENUE IN JUNE 2019. AFTER 16 MONTHS OF FORCED CLOSURE AND REDUCED CAPACITY DURING 2020 AND PART OF 2021 DUE TO THE COVID PANDEMIC, THE VENUE RETURNED TO PRESENTING A FULL SCHEDULE OF LIVE MUSIC WITH LOCAL, REGIONAL AND NATIONAL TOURING ARTISTS ON STAGE FROM TWO TO FIVE NIGHTS A WEEK. AUDIENCE ATTENDANCE INCREASED 250% IN 2022, WITH APPROXIMATELY 15% OF THE SHOWS SELLING OUT. INCREASED ATTENDANCE HAS TRANSLATED INTO ADDITIONAL FOOT TRAFFIC AND HAS SERVED AS AN ECONOMIC DRIVER FOR BUSINESSES AND RESTAURANTS IN THE DOWNTOWN ARTS DISTRICT. IN ADDITION TO THE INCREASED ATTENDANCE, 2022 SAW AN INCREASE IN THE NUMBER AND TYPES OF SHOWS PRESENTED, FROM 132 SHOWS IN 2021 TO 181 SHOWS IN 2022. THE VENUE HAS BECOME A DESTINATION FOR MUSIC LOVERS OF ALL GENRES AND FROM ALL WALKS OF LIFE AND HAS RECEIVED HIGH PRAISE FROM TOURING MUSICIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RESIDENCY PROGRAMS IN 2022 THE MUSIC FOUNDATION, IN COOPERATION WITH THE PETE ELLMAN JAZZ BIG BAND NFP, BEGAN A WEEKLY RESIDENCY PROGRAM, PRESENTING 38 JAZZ BIG BAND CONCERTS THAT INCLUDED 45 MIDDLE AND HIGH SCHOOL JAZZ BANDS AS "OPENERS" PRIOR TO THE PROFESSIONAL BIG BAND CONCERTS. THIS PROGRAM SPEAKS DIRECTLY TO OUR MISSION TO PROVIDE AFFORDABLE MUSIC PROGRAMMING AND EDUCATION TO ALL. THIS PROGRAM IS A WAY TO GET BUDDING MUSICIANS INTO A REAL-WORLD ENVIRONMENT WHERE THEY CAN PLAY IN FRONT OF A LIVE AUDIENCE AS WELL AS PARENTS AND CLASSMATES. THE HIGHLY SUCCESSFUL SERIES TAKES PLACE FROM MID- OCTOBER THRU JUNE AND SELLS OUT ON A REGULAR BASIS. IN ADDITION TO THE JAZZ RESIDENCY, THE VENUE IS PLEASED TO HAVE TERRAPIN FLYER AS A MONTHLY RESIDENCY. THE GRATEFUL DEAD TRIBUTE BAND PERFORMS ON THE SECOND THURSDAY OF EACH MONTH TO PACKED AUDIENCES. WHAT IS AT THE CORE OF THE RESIDENCY IS THE IDEA THAT THE GRATEFUL DEAD AND JERRY GARCIA'S MUSIC STILL HAS PLENTY OF LIFE IN IT AND THAT THE MUSIC BEING SO IMPROVISATIONAL IN NATURE CAN AND DOES GO TO NEW PLACES IN EACH PERFORMANCE. NO TWO TERRAPIN FLYER SHOWS ARE EVER THE SAME AND YOU NEVER KNOW WHO MIGHT SHOW UP TO JAM AT A SHOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ADDITION TO ITEMS LISTED ABOVE, FVMF IS PROUD TO CONTINUE THEIR SINGER/SONGWRITER PROGRAMMING WHICH PROVIDES OPPORTUNITIES FOR ASPIRING MUSICIANS TO PRESENT THEIR MUSIC, LEARN THEIR CRAFT AND SHARE MUSIC WITH OTHERS. THE MUSIC IN MUNDY OUTDOOR CONCERT SERIES EVOLVED INTO A SUMMER FESTIVAL SERIES: JUNE/BLUES, JULY/JAZZ AND AUGUST/AMERICANA. 2022 SAW INCREASED COLLABORATION WITH OTHER NON-PROFIT ORGANIZATIONS THROUGH RENTALS, ASSISTING IN FUNDRAISING EFFORTS FOR THEIR ORGANIZATIONS, SOME OF WHICH INCLUDED UNITED WAY, THE NEIGHBOR PROJECT, ROUSE 3.0 AND THE KANE COUNTY BAR ASSOCIATION. THE VENUE HAS ALSO HOSTED MANY WORKSHOPS AND SEMINARS FOR THE CITY OF AURORA AND FOX VALLEY BUSINESSES IN AN EFFORT TO INCREASE REVENUE TO COVER PROGRAMMING COSTS. THE VENUE HAS BECOME A TRUE COMMUNITY GATHERING PLACE WHERE BOTH MUSICIANS, PATRONS AND VOLUNTEERS CAN GATHER WITH A COMMON PURPOSE. OUR HARDWORKING VOLUNTEERS CONTRIBUTE THEIR TIME AND TALENTS TO ENSURE THAT THE FVMF AND THE VENUE WILL CONTINUE TO OPERATE SUCCESSFULLY IN THE COMING YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 FILING IS REVIEWED BY THE EXECUTIVE BOARD, THEN PASSED ALONG TO THE FULL BOARD FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. IT IS CONSISTENTLY MONITORED AND ENFORCED THROUGH INCLUSEION AS AN AGENDA ITEM AT THE MONTHLY MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS RESEARCHED BY THE BOARD OF DIRECTORS. THE BOARD WENT INTO EXECUTIVE SESSION WHERE A DETERMINATION WAS MADE AND RECOMMENDED FOR VOTE BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. THE ANNUAL REPORTS AND ATTORNEY GENERAL'S FILINGS ARE AVAILABLE TO THE PUBLIC AND CAN BE FOUND ON THE FOX VALLEY MUSIC FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PERFOMANCE FEES AND SOUND 331,385 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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