Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
990 • Fiscal year 2023 • EIN 47-1159879
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
28th percentile
Higher net margin than 28% of similar nonprofits.
Top Officer Pay
65th percentile
Higher top officer pay than 65% of similar nonprofits.
Top officer pay equals 7.1% of source-year revenue.
Asset Growth
14th percentile
Faster asset growth than 14% of similar nonprofits.
Revenue Growth
67th percentile
Faster revenue growth than 67% of similar nonprofits.
Assets
Down$397,252
Down $69,664 (-15%) from 2022
Net Assets
Down$45,681
Down $42,831 (-48%) from 2022
Liabilities
Down$351,571
Down $26,833 (-7.1%) from 2022
Revenue
Up$599,453
Up $115,023 (+24%) from 2022
Expenses
Up$642,284
Up $85,629 (+15%) from 2022
Net Income
Up-$42,831
Up $29,394 (+41%) from 2022
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $259,475 | $243,218 | ▼ $16,257 |
| Savings and Temporary Cash Investments | $150,020 | - | - |
| Cash and Non-Interest-Bearing Accounts | $50,729 | $130,825 | ▲ $80,096 |
| Loans From Officers Directors | $24,000 | - | - |
| Prepaid Expenses and Deferred Charges | - | $14,900 | - |
| Accounts Receivable | $2,054 | $4,855 | ▲ $2,801 |
| Inventories for Sale or Use | $2,638 | $1,454 | ▼ $1,184 |
| Total Assets | $466,916 | $397,252 | ▼ $69,664 |
| Other Assets Total | $2,000 | $2,000 | → $0 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $345,571 | $336,332 | ▼ $9,239 |
| Accounts Payable and Accrued Expenses | $3,520 | $8,682 | ▲ $5,162 |
| Other Liabilities | $5,313 | $6,557 | ▲ $1,244 |
| Total Liabilities | $378,404 | $351,571 | ▼ $26,833 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $88,512 | $40,681 | ▼ $47,831 |
| Net Assets With Donor Restrictions | - | $5,000 | - |
| Total Net Assets Fund Balance | $88,512 | $45,681 | ▼ $42,831 |
| Total Liabilities and Net Assets / Fund Balance | $466,916 | $397,252 | ▼ $69,664 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $72,726 | $169,527 | $242,253 |
| Equipment | $151,428 | - | $151,428 |
| Other Land Buildings | $19,064 | - | $19,064 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Melissa Mercado | Executive Di | FT | $42,500 | $42,500 |
| Name | Title |
|---|---|
| David Sean Glynn | President |
| Bill Hull | Director |
| Chris Bauler | Director |
| Jeannie Norris | Director |
| Ryan Anderson | Director |
| Tim Hopkins | Director |
| Karen Fouts | Executive Di |
| Jim Gibbons | Secretary |
| Bill Wiet | Treasurer |
| Gina Moga | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $469,075 |
| Salaries, Compensation, and Employee Benefits | $173,209 |
| Total Fundraising Expense | $83,019 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $250,466 | - | - | $250,466 |
| Other Salaries and Wages | $35,520 | $53,281 | $29,599 | $118,400 |
| Current Officers, Directors, Trustees, and Key Employees | $12,750 | $19,125 | $10,625 | $42,500 |
| Depreciation Depletion | $19,515 | $2,169 | - | $21,684 |
| Advertising | - | - | $17,014 | $17,014 |
| Payroll Taxes | $3,692 | $5,539 | $3,078 | $12,309 |
| Interest | - | $10,055 | - | $10,055 |
| All Other Expenses | $9,707 | - | - | $9,707 |
| Other Expenses | $23,759 | $9,701 | $22,703 | $9,701 |
| Occupancy | $4,124 | $4,124 | - | $8,248 |
| Office Expenses | $6,271 | - | - | $6,271 |
| Insurance | $5,507 | - | - | $5,507 |
| Total Functional Expenses | $445,035 | $114,230 | $83,019 | $642,284 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $642,284 |
| Total Expenses per Audited Statements | $642,284 |
| Total Expenses per Form 990 | $642,284 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $24,000 | - | - |
| Liability | Amount |
|---|---|
| Outstanding Gift Cards | $6,557 |
“The 990 filing is reviewed by the executive board, then passed along to the full board for approval before filing.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“Perfomance fees and sound 250,466 0 0”
“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 1?0(b)(1)(a)(vi). There was no unrelated business income nor unrecognized tax benefits for the year ended december 31, 2023. 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, 2023.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3520 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 8682 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 2054 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 4855 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 17014 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 17014 |
| IRS990/AllOtherContributionsAmt | 0 | 46082 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 9707 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 9707 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MELISSA MERCADO |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6304089926 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 626 LINDSAY CIRCLE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NORTH AURORA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60542 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 50729 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 130825 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 10625 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 19125 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 12750 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 42500 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CostOfGoodsSoldAmt | 0 | 5030 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 61832 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 14 |
| IRS990/CYOtherExpensesAmt | 0 | 469075 |
| IRS990/CYOtherRevenueAmt | 0 | 18467 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 519140 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -42831 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 173209 |
| IRS990/CYTotalExpensesAmt | 0 | 642284 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 83019 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 599453 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2169 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 19515 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 21684 |
| IRS990/Desc | 0 | 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. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 5000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 445035 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 250466 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 250466 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DAVID SEAN GLYNN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | GINA MOGA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BILL WIET |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JIM GIBBONS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JEANNIE NORRIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BILL HULL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CHRIS BAULER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | RYAN ANDERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TIM HOPKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | MELISSA MERCADO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | KAREN FOUTS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 42500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | EXECUTIVE DI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | EXECUTIVE DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2014 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GovernmentGrantsAmt | 0 | 15750 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 604483 |
| IRS990/GrossRentsGrp/PersonalAmt | 0 | 18385 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 5112 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 5507 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5507 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 10055 |
| IRS990/InterestGrp/TotalAmt | 0 | 10055 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 2638 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 1454 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 14 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 14 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 169527 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 259475 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 243218 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 412745 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 24000 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | MUSIC 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/Desc | 0 | 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. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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 1?0(B)(1)(A)(VI). THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2023. 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, 2023. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE 990 FILING IS REVIEWED BY THE EXECUTIVE BOARD, THEN PASSED ALONG TO THE FULL BOARD FOR APPROVAL BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | PERFOMANCE FEES AND SOUND 250,466 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART IX, LINE 11G |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.