Fox Valley Music Foundation is located in Aurora, IL. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fox Valley Music Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fox Valley Music Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fox Valley Music Foundation generated $374.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $423.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC IN MUNDY OUTDOOR CONCERT SERIES THE VENUE WAS FORCED TO CLOSE ITS DOORS FOR INDOOR LIVE CONCERTS IN MARCH 2020. AS A RESULT AN OUTDOOR LIVE CONCERT SERIES WAS CREATED.THE VENUE ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH THE CITY OF AURORA AND WAS ALLOWED TO USE THE ADJACENT GREENSPACE PARK TO HOST LIVE OUTDOOR MUSICAL PERFORMANCES. PERFORMANCES TOOK PLACE DURING THE MONTHS OF JULY, AUGUST, SEPTEMBER AND OCTOBER ON THURSDAY, FRIDAY, SATURDAY AND THE OCCASIONAL SUNDAY WHEN WEATHER PERMITTED. EVENTS WERE SOCIALLY DISTANCED AND AVERAGED APPROXIMATELY 80 ATTENDEES PER EVENT IN THE OUTDOOR PARK. CONCERT GOERS BROUGHT THEIR OWN BAG CHAIRS AND BEVERAGES WERE AVAILABLE FOR PURCHASE. OVER THE 12 WEEKS, WE PRESENTED 29 OUTDOOR EVENTS.
LIVESTREAM CONCERT SERIES DUE TO THE COVID 19 PANDEMIC THE VENUE WAS FORCED TO CLOSE ITS DOORS FOR LIVE MUSIC PERFORMANCES. AS A RESULT, WITH THE HELP OF A TEAM OF AUDIO VISUAL AND SOUND ENGINEER VOLUNTEERS, THE MUSIC FOUNDATION WAS ABLE TO CREATE A PROFESSIONAL, QUALITY 3-CAMERA SHOOT AND LIVESTREAM HIGH QUALITY MUSIC PERFORMANCES WHILE SHUTTERED. NUMEROUS LOCAL BANDS AND SOLO ARTISTS PERFORMED AND WERE STREAMED LIVE FROM THE VENUE STAGE ON MONDAY EVENINGS FROM APRIL THROUGH JULY 2020. PERFORMANCES WERE STREAMED TO FACEBOOK AND YOUTUBE. DONATIONS WERE COLLECTED THROUGH PAYPAL AND SPLIT WITH THE PERFORMERS. THIS SERIES ALLOWED DOZENS OUT OF WORK MUSICIANS TO RECEIVE A PORTION OF THE DONATIONS THAT WERE MADE BY VIEWERS. THE LIVESTREAM TOOK A HIATUS FOR SEVERAL WEEKS DURING THE SUMMER AND RESUMED WHEN ILLINOIS GOV. PRITZKER MANDATED TIER 3 MITIGATION MEASURES. THE VENUE RESUMED ITS LIVESTREAM BROADCASTS IN LATE FALL, INCREASING ITS PERFORMANCES TO TWICE A WEEK ON SUNDAY AND WEDNESDAY EVENINGS THROUGH THE END OF 2020 AND BEYOND. IN ADDITION TO SHARING THE ONLINE DONATIONS, THE MUSIC FOUNDATION MADE RECORDINGS OF ALL OF THE LIVESTREAMS AND MADE THEM AVAILABLE TO THE MUSICIANS FOR PROMOTIONAL USE AT NO CHARGE.
THE VENUE FOR VENUES LIVESTREAM SERIES AS A RESULT OF THE COVID-19 PANDEMIC, MANY INDEPENDENT VENUES WERE FORCED TO CLOSE FOREVER. THE FOX VALLEY MUSIC FOUNDATION DEVELOPED A MONTHLY LIVESTREAM SERIES THE VENUE FOR VENUES. THE SERIES BEGAN AS A WAY TO RAISE AWARENESS OF THE PLIGHT OF ICONIC MUSIC STAGES IN FOX VALLEY, CHICAGO AREA AND BEYOND. EACH INSTALLMENT HAS FEATURED A SYMPOSIUM OF LIVE MUSIC, A HISTORY AND A BRIEF LOOK AT HOS COVID HAS AFFECTED EACH ONE. IT SHOWCASES HOW EACH VENUE HAS ADAPTED AND CHANGED COURSE OVER THE PAST YEAR. THE VENUE HAS SOUGHT TO TELL THESE STORIES, INCLUDING THEIR OWN AND HOW THEY HAVE MANAGED TO SURVIVE AND ADVOCATE FOR MUSICIANS DESPITE THE PANDEMIC AND TEMPORARY CLOSURE. FANS GAIN INSIGHT INTO WHERE WE HAVE BEEN AND WHERE WE ARE GOING AS HOST SCOTT TIPPING CHATS WITH STAFF, KEY VOLUNTEERS AND PERFORMERS. THE SERIES TAKES PLACE ON THE 4TH SUNDAY OF EACH MONTH AT 7PM. DONATIONS ARE COLLECTED VIA PAYPAL AND 100% OF DONATIONS ARE GIVEN TO THE FEATURED VENUE.
THE FOX VALLEY MUSIC FOUNDATION'S PURPOSE IS TO PRESERVE, PROMOTE, PRESENT AND EDUCATE. THEIR SPHERE OF INFLUENCE IS THE FOX RIVER VALLEY AREA OF ILLINOIS. THIS YEAR IN PARTICULAR THROUGH THE USE OF LIVESTREAM PROGRAMMING, WE HAVE CONTINUED TO PRESENT, AND AT THE SAME TIME PRESERVE A VIDEO RECORD OF ALL PERFORMANCES THAT CAN BE USED FOR PROMOTION, NOT ONLY BY THE FOUNDATION, BUT ALSO BY THE ARTISTS THEMSELVES. THIS ARCHIVAL FOOTAGE IS PARTICULARLY IMPORTANT FROM A PRESERVATION STANDPOINT AS IT WILL DOCUMENT EVENTS DURING A WORLD-WIDE PANDEMIC AND WILL BE AVAILABLE FOR FUTURE RESEARCH AND EDUCATION. THE FVMF HAS CONTINUED TO PROMOTE AND ADVOCATE FOR MUSICIANS AND OTHER INDEPENDENT VENUES DURING THIS UNPRECEDENTED DISASTER, AND WILL CONTINUE TO DO SO. NOT ONLY ARE WE HELPING MUSICIANS MONETARILY, BUT WE ARE ALSO HELPING TO CREATE AWARENESS, AND PROVIDE NEEDED RESPITE FOR MYRIAD MUSIC LOVERS WHO HAVE BEEN SHELTERING IN PLACE. WITH THE ADVENT OF OUR LIVESTREAM PROGRAMMING WHICH IS BOTH ENTERTAINING AND INFORMATIVE, WE HAVE COLLABORATED WITH LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL ARTISTS AND HAVE INCREASED OUR AUDIENCE. WHEN THE WORLD IS ABLE TO RETURN TO THE NEW NORMAL, FVMF WILL BE READY TO REOPEN WITH A MORE DIVERSE OFFERING OF BOTH MUSIC AND PROGRAMMING. WE WILL CONTINUE TO ADVISE AND PROVIDE OPPORTUNITIES FOR ASPIRING MUSICIANS TO PRESENT THEIR MUSIC, LEARN THEIR CRAFT AND SHARE THEIR MUSIC WITH OTHERS. WE WILL CONTINEUE TO HOST AND PROMOTE SONGWRITER WORKSHOPS AND PERFORMANCE PROGRAMS. WE WILL CONTINUE TO ASSIST LOCAL MUSICIANS IN THEDEVELOPMENT OF SOUND ARCHIVAL AND INTELLECTUAL PROPERTY MANAGEMENT OF THEIR MUSIC THROUGH ADVICE, COUNSEL AND EDUCATION. THE FVMF BOARD AND VOLUNTEER GROUP IS COMPRISED OF INDIVIDUALS WITH LEGAL EXPERTISE AND KNOWLEDGE AND WHO HAVE EXPERIENCE IN THE BUSINESS OF MUSIC. THE VENUE HAS BECOME A TRUE COMMUNITY GATHERING PLACE WHERE BOTH MUSICIANS AND PATRONS CAN GATHER WITH A COMMON PURPOSE. THE COMMUNITY INVOLVEMENT AND OUR HARDWORKING CORPS OF VOLUNTEERS HAS BEEN A CATALYST AND ECONOMIC DRIVER FOR OUR DOWNTOWN. THE VOLUNTEERS HAVE A SENSE OF PRIDE IN WHAT THEY DO, AND CONTINUE TO CONTRIBUTE THEIR TIME AND TALENT TO ENSURE THAT THE FVMF AND THE VENUE WILL GO ON DESPITE THE PANDEMIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa Mercado Executive Di | Trustee | 45 | $62,500 |
David Sean Glynn President | OfficerTrustee | 10 | $0 |
Gina Moga Vice Preside | OfficerTrustee | 2 | $0 |
Bill Wiet Treasurer | OfficerTrustee | 10 | $0 |
Karen Christensen Secretary | OfficerTrustee | 5 | $0 |
Jim Gibbons Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $105,088 |
All other contributions, gifts, grants, and similar amounts not included above | $52,280 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $157,368 |
Total Program Service Revenue | $205,361 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,512 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $2,750 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $706 |
Miscellaneous Revenue | $0 |
Total Revenue | $374,197 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $62,500 |
Compensation of current officers, directors, key employees. | $28,125 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $74,273 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,473 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $154,664 |
Advertising and promotion | $6,699 |
Office expenses | $24,126 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,904 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $9,609 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $31,570 |
Insurance | $4,822 |
All other expenses | $0 |
Total functional expenses | $423,183 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $84,524 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $696 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,651 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $273,560 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,000 |
Total assets | $363,431 |
Accounts payable and accrued expenses | $4,352 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $25,192 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $170,281 |
Other liabilities | $2,869 |
Total liabilities | $202,694 |
Net assets without donor restrictions | $160,737 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $363,431 |
Over the last fiscal year, we have identified 1 grants that Fox Valley Music Foundation has recieved totaling $9,498.
Awarding Organization | Amount |
---|---|
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURO | $9,498 |
Organization Name | Assets | Revenue |
---|---|---|
Iowa County Recorders Association Ottumwa, IA | $2,929,223 | $39,789,803 |
Milwaukee World Festival Inc Milwaukee, WI | $107,459,917 | $5,773,948 |
Grant Park Orchestral Association Chicago, IL | $15,259,948 | $7,547,765 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Chicago Sinfonietta Inc Chicago, IL | $3,675,444 | $3,506,738 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Music Of The Baroque Concert Series Inc Chicago, IL | $2,610,285 | $1,900,263 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Great American Songbook Foundation Inc Carmel, IN | $8,944,393 | $1,441,715 |
Glenview Stars Hockey Assn 5 Glenview Ice Center Glenview, IL | $561,491 | $1,280,609 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |