Nonprofit · EIN 47-1159879
FOX VALLEY MUSIC FOUNDATION
Tax-exempt · AURORA, IL 60505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $775,926 | $794,285 | -$18,359 | $372,746 | $345,424 | $27,322 |
| December 31, 2023 | 990 | $599,453 | $642,284 | -$42,831 | $397,252 | $351,571 | $45,681 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $27,950
- of which government grants
- $18,000
- Program service revenue
- $686,991
- Investment income
- $0
- Net rental income
- $14,423
- Net income from sales of inventory
- $1,200
- Other revenue
- $60,985
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $143,646
- Salaries, compensation and benefits (total)
- $160,059
- Professional fundraising fees
- $0
- Occupancy
- $18,070
- Depreciation
- $26,801
- Program services (functional)
- $508,249
- Management and general (functional)
- $155,811
- Fundraising (functional)
- $130,225
Balance sheet and other
- Total assets, start of year
- $397,252
- Total assets, end of year
- $372,746
- Total liabilities, end of year
- $345,424
- Net assets, end of year
- $27,322
- Land, buildings and equipment
- $246,137
- Net assets without donor restrictions
- $12,322
- Net assets with donor restrictions
- $15,000
- Gross receipts
- $775,926
- Employees
- 8
- Volunteers
- 220
- Year formed
- 2014
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN FOUTS | EXECUTIVE DI Officer | 40 | $31,754 |
| RYAN ANDERSON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| GINA MOGA | VICE PRESIDE Trustee or director, Officer | 10 | $0 |
| BILL WIET | TREASURER Trustee or director, Officer | 10 | $0 |
| JIM GIBBONS | SECRETARY Trustee or director, Officer | 10 | $0 |
| BILL ARTLIP | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS BAULER | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOPKINS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA MERCADO | EXECUTIVE DI Trustee or director | 40 | $42,500 |
| DAVID SEAN GLYNN | PRESIDENT Trustee or director, Officer | 10 | $0 |
| GINA MOGA | VICE PRESIDE Trustee or director, Officer | 10 | $0 |
| BILL WIET | TREASURER Trustee or director, Officer | 10 | $0 |
| JIM GIBBONS | SECRETARY Trustee or director, Officer | 10 | $0 |
| JEANNIE NORRIS | DIRECTOR Trustee or director | 1 | $0 |
| BILL HULL | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS BAULER | DIRECTOR Trustee or director | 1 | $0 |
| RYAN ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOPKINS | DIRECTOR Trustee or director | 1 | $0 |
| KAREN FOUTS | EXECUTIVE DI Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 21 S BROADWAY, AURORA, IL 60505-3307
- Mailing address (990-N for 2017)
- 103 S Calumet Avenue, Aurora IL 60506
- Principal officer (990 for 2024)
- RYAN ANDERSON, 1908 CLINTON, BERWYN, IL 60402
- Principal officer (990-N for 2017)
- Steven J Warrenfeltz, 103 S Calumet Avenue, Aurora IL 60506
- Signed the 990
- KAREN FOUTS, EXECUTIVE DIRECTOR
- Phone
- (331) 212-8490
- Return prepared by
- RCS CPAS PLLC
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.
Program accomplishments
- 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.Expenses $508,249
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1159879
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $372,746
- Income (IRS master file)
- $775,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $775,926 | $794,285 | $372,746 | IRS |
| 990 | December 2023 | $599,453 | $642,284 | $397,252 | XML |
| 990 | December 2022 | $484,430 | $556,655 | $466,916 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: Steven J Warrenfeltz | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1159879).
Questions about FOX VALLEY MUSIC FOUNDATION
- What is the EIN of FOX VALLEY MUSIC FOUNDATION?
- The employer identification number (EIN) of FOX VALLEY MUSIC FOUNDATION is 47-1159879.
- Is FOX VALLEY MUSIC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FOX VALLEY MUSIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOX VALLEY MUSIC FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOX VALLEY MUSIC FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOX VALLEY MUSIC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOX VALLEY MUSIC FOUNDATION?
- The 990 for the year ended December 31, 2024 names RYAN ANDERSON.
- Who are the officers and directors of FOX VALLEY MUSIC FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $31,754 (KAREN FOUTS, EXECUTIVE DI).
- How much revenue does FOX VALLEY MUSIC FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $775,926, expenses of $794,285 and total assets of $372,746 at year end.
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All nonprofits in AURORA · Illinois · Arts, culture and humanities