Form 990 for tax year 2023
Filed by FOUNDATION FOR THE ADVANCEMENT OF MUSIC & EDUCATION INC.
Totals
- Total revenue
- $766,379
- Total expenses
- $661,154
- Contributions and grants received
- $707,289
- Grants paid
- $34,693
- Program service revenue
- $54,238
- Investment income
- $3,387
- Other revenue
- $1,465
- Total assets, end of year
- $202,341
- Total liabilities, end of year
- $7,457
- Net assets or fund balances, end of year
- $194,884
- Program services expenses (Part IX)
- $599,429
- Management and general expenses
- $61,725
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $599,429
Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$407,029
-
1f · All other contributions, gifts and grants
$300,260
-
1g · Noncash contributions included above
$91,963
-
2a · Program service revenue: Concert donations
total $42,359 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Services
total $11,879 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $3,387
-
7c · Gain or loss
other assets $3,387
-
7d · Net gain or loss
total $3,387 · related or exempt $3,387 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$34,870
-
10a · Gross sales of inventory
$107
-
10c · Net income from sales of inventory
total $107 · related or exempt $107
-
11a · Other revenue: Cashback Rewards
total $1,358 · related or exempt $1,358 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,358
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,993 · program services $9,993
-
2 · Grants to domestic individuals
total $24,700 · program services $24,700
-
5 · Compensation of officers, directors and key employees
total $142,713 · program services $114,171 · management and general $28,542 · fundraising $0
-
7 · Other salaries and wages
total $41,588 · program services $33,270 · management and general $8,318 · fundraising $0
-
10 · Payroll taxes
total $14,555 · program services $11,644 · management and general $2,911 · fundraising $0
-
11b · Fees: legal
total $61 · program services $0 · management and general $61 · fundraising $0
-
11c · Fees: accounting
total $7,990 · program services $5,992 · management and general $1,998 · fundraising $0
-
12 · Advertising and promotion
total $6,583 · program services $5,266 · management and general $1,317 · fundraising $0
-
13 · Office expenses
total $11,238 · program services $8,991 · management and general $2,247 · fundraising $0
-
16 · Occupancy
total $36,771 · program services $29,417 · management and general $7,354 · fundraising $0
-
17 · Travel
total $5,460 · program services $4,368 · management and general $1,092 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,343 · program services $2,343 · management and general $0 · fundraising $0
-
24a · Other expenses: Bank Service Charges
total $1,905 · program services $0 · management and general $1,905 · fundraising $0
-
24b · Other expenses: Direct Music Programs Expenses
total $249,385 · program services $249,385 · management and general $0 · fundraising $0
-
24c · Other expenses: Miscellaneous
total $170 · program services $0 · management and general $170 · fundraising $0
-
24d · Other expenses: Supplies
total $9,907 · program services $7,926 · management and general $1,981 · fundraising $0
-
24e · All other expenses
total $95,792 · program services $91,963 · management and general $3,829 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100,318 · end of year $157,433
-
4 · Accounts receivable
beginning of year $2,000 · end of year $400
-
10a · Land, buildings and equipment: cost or other basis
$101,573
-
10b · Land, buildings and equipment: accumulated depreciation
$57,065
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $44,508
-
17 · Accounts payable and accrued expenses
beginning of year $12,660 · end of year $7,457
-
27 · Net assets without donor restrictions
beginning of year $89,658 · end of year $194,884
Mission and programs · 2023
Mission
FAMEs 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.
-
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 educators,musical and academic support service and technology, participants are demonstrating improved musical and academic knowledge and skills inspite of the lingering impact of Covid-19. As a part of the program, students serve as interns during the summer and on school breaks.
Expenses $451,839 · Grants $34,692 · Revenue $54,238
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $45,761
-
Music Is Central Program. The program supported 962 students during schoolday and afterschool music programs in elementary, middle and high schools by providing academic tutoring, 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 Georges, Montgomery and Alexandria counties.
Expenses $101,829
As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Ingrid Valentine
Chairperson
- Total calculated
- $0
- Hours/week
- 3
-
Reginald Weaver
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Cecelia Davis
Vice Chair & Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Gregory K Wells
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Karen Jackson
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Sam Hutchinson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
C Wayne Ferguson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Carl Shazor
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cassandra White
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Arethia Lewis
Executive Director
- Total calculated
- $142,713
- From this org
- $142,713
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413149349300406
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