Foundation For The Advancement Of Music & Education Inc
- Assets
- $102.3k
- Revenue
- $590.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Bowie, MD
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 59-3836026
Organization Overview
Foundation For The Advancement Of Music & Education Inc, operating under the name FAME-Foundation for the Advancement of Music & Education, is located in Bowie, MD. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, FAME-Foundation for the Advancement of Music & Education employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FAME-Foundation for the Advancement of Music & Education 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 12/2022, FAME-Foundation for the Advancement of Music & Education generated $590.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $714.6k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAME'S MISSION IS TO GIVE EVERY YOUTH MUSICIANS THE BEST OPPORTUNITY TO SUCCEED IN LIFE BY PROVIDING MUSIC INSTRUCTION AND ACADEMIC SUPPORT. WE PREPARE MIDDLE AND HIGH SCHOOL STUDENTS FOR COLLEGE AND CAREERS THROUGH A FOUR-PRONGED APPROACH--MUSIC, INSTRUCTION, ACADEMIC SUPPORT, COLLEGE PREPARATION AND CAREER READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAME JAZZ BAND PROGRAM. MORE THAN JUST A BAND-IT IS A HIGH TOUCH PROGRAM THAT SERVES UP TO 31 MIDDLE AND HIGH SCHOOL YOUTH THE PROGAM HAS FOUR COMPONENTS: MUSIC INSTRUCTION, MATH TUTORING, COLLEGE PREPARATION AND CAREER READINESS. WITH ACCESS TO STROG EDUCATORS. MUSICAL AND ACADEMIC SUPPORT SERVICE AND TECHNOLOGY, PARTICIPANTS ARE DEMONSTRATING IMPROVED MUSICAL AND ACADEMIC KNOWLEDGE AND SKILLS INSPITE OF LINGERING IMPACT OF COVID -19. THIS YEAR GRADUATES HAS AN AVERAGE SAT SCORE OF 1160 WHICH IS HIGHER THAN THE COUNTY, PARTICIPANTS WHO TOOK THE SAT MORE THAN ONCE RAISED THEIR SCORE BY MORE THAN 250 POINTS; AND RECEIVED $1.8 MILLIO IN GRANTS AND SCHOLARSHI[PS; THE AVERAGE 3.8 GPA WAS MAINTAINED AND 100% OF GRADUATES HAVE GONE TO COLLEGES AND UNIVERSITIES-75% MAJORED IN MUSIC RELATED FIELDS SUCH AS ENGINEERING, CONSTRUCTION AND BUSINESS. AS PART OF THE PROGRAM, SUTDENTS SERVE AS INTERNS DURING THE SUMMER AND ON SCHOOL BREAKS.
SUMMER MUSIC PROGRAM. SERVED 90 YOUTH AT THE UNIVERSITY OF MARYLAND, COLLEGE PARK AND DR. HENRY WISE HIGH SCHOOL THROUGH FOUR INTENSIVE WORKSHOPS: MUSI TECHNOLOGY, VOCAL MUSIC, SONGWRITING AND INSTRUMENTAL MUSIC INTENSIVE.
MUSIC IS CENTRAL PROGRAM. THE PROGRAM SUPPORTED 1200 STUDENTS DURING SCHOOLDAY AND AFTERSCHOOL MUSIC PROGRAMS IN ELEMETARY, MIDDLE AND HIGH SCHOOLS BY PROVIDING DONATED INSTRUMENTS, MUSIC SUPPLIES, ADVISORY SERVICES, AND GUEST INSTRUCTORS FOR UNDER-RESOURCED SCHOOLS. SEVENTY-FIVE PERCENT OF THE YOUTH ARE ELIGIBLE FOR THE FREE AND REDUCED MEALS. THE SIX SUPPORT SCHOOLS ARE IN PRINCE GEORGE'S, MONTGOMERY AND ALEXANDRIA COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingrid Valentine Chairperson | OfficerTrustee | 3 | $0 |
Reginald Weaver Vice Chair | OfficerTrustee | 3 | $0 |
Cecelia Davis Vice Chair & Treasurer | OfficerTrustee | 4 | $0 |
Gregory K Wells Vice Chair | OfficerTrustee | 3 | $0 |
Karen Jackson Secretary | OfficerTrustee | 2 | $0 |
Sam Hutchinson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,096 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,325 |
| Noncash contributions included in lines 1a–1f | $184,189 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,921 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,052 |
| Compensation of current officers, directors, key employees. | $24,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,462 |
| Fees for services: Management | $32,292 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $5,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,086 |
| Office expenses | $21,121 |
| Information technology | $4,576 |
| Royalties | $0 |
| Occupancy | $31,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,197 |
| All other expenses | $184,189 |
| Total functional expenses | $714,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,318 |
| Accounts payable and accrued expenses | $12,660 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,660 |
| Net assets without donor restrictions | $89,658 |
| 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 | $102,318 |