2024-11-13T17:07:31-05:00 2023-12-31 854152564 RCS CPAS PLLC 4415 HARRISON ST SUITE 552 HILLSIDE IL 60162 990 2023-01-01 471159879 FOX VALLEY MUSIC FOUNDATION FOXV 3312128490 21 S BROADWAY AVE AURORA IL 60505 KAREN FOUTS EXECUTIVE DIRECTOR 3312128490 2024-11-12 false MOHAMMAD SHEIKH P02150743 7084829488 2024-11-13 2023 2024-10-15 13:58:12Z DAVID SEAN GLYNN 925 N SALEM AVE ARLINGTON HEIGHTS IL 60004 604483 false X FOXVALLEYMUSICFOUNDATION.ORG X 2014 IL 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. 9 9 8 0 60594 61832 405039 519140 20 14 18777 18467 484430 599453 0 0 145136 173209 0 83019 411519 469075 556655 642284 -72225 -42831 466916 397252 378404 351571 88512 45681 X 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. false false 445035 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. 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. 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. 445035 true true false false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 false 8 true false false false false false false false false X 9 9 false false false false false false false true true false false false true true true false false true false false IL X MELISSA MERCADO 6304089926 626 LINDSAY CIRCLE NORTH AURORA IL 60542 DAVID SEAN GLYNN PRESIDENT 10.00 X X 0 0 0 GINA MOGA VICE PRESIDE 10.00 X X 0 0 0 BILL WIET TREASURER 10.00 X X 0 0 0 JIM GIBBONS SECRETARY 10.00 X X 0 0 0 JEANNIE NORRIS DIRECTOR 1.00 X 0 0 0 BILL HULL DIRECTOR 1.00 X 0 0 0 CHRIS BAULER DIRECTOR 1.00 X 0 0 0 RYAN ANDERSON DIRECTOR 1.00 X 0 0 0 TIM HOPKINS DIRECTOR 1.00 X 0 0 0 MELISSA MERCADO EXECUTIVE DI 40.00 X 42500 0 0 KAREN FOUTS EXECUTIVE DI 10.00 X 0 0 0 42500 false false false 15750 46082 61832 PROGRAM SERVICES 322449 322449 PERFORMANCE EVENTS REVENUE 196691 196691 519140 14 14 18385 18385 18385 18385 5112 5030 82 82 599453 537607 14 X 42500 12750 19125 10625 118400 35520 53281 29599 12309 3692 5539 3078 250466 250466 17014 17014 6271 6271 8248 4124 4124 10055 10055 21684 19515 2169 5507 5507 EVENTS COSTS 58372 58372 SERVICES 48291 15352 10236 22703 TAXES AND LICENSES 23759 23759 REPAIRS 9701 9701 9707 9707 642284 445035 114230 83019 50729 130825 150020 2054 4855 2638 1454 14900 412745 169527 259475 243218 2000 2000 466916 397252 3520 8682 24000 345571 336332 5313 6557 378404 351571 X 88512 40681 5000 88512 45681 466916 397252 -42831 X false false X 177844 143501 157368 60594 61832 601139 88408 122167 219029 429416 542637 1401657 53014 40991 94005 319266 306659 376397 490010 604469 2096801 2096801 560 560 560 560 319266 307219 376397 490010 604469 2097361 0.99970 0.99960 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 242253 169527 72726 151428 151428 19064 19064 243218 OUTSTANDING GIFT CARDS 6557 6557 X 599453 599453 599453 642284 642284 642284 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 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. 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, 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. FORM 990, PART IX, LINE 11G PERFOMANCE FEES AND SOUND 250,466 0 0