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Fox Valley Music Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471159879 ✦ Aurora, IL ✦ Designated as a 501(c)(3)

Overview

What is Fox Valley Music Foundation?

The Fox Valley Music Foundation, based in Aurora, Illinois, is a nonprofit organization with a mission to preserve, protect, and promote music from the Fox Valley area. Established in 2019, their venue saw significant growth in 2022, with increased audience attendance by 250%, including 15% sell-out shows. This growth has positively impacted local businesses and restaurants in the downtown arts district. The organization provides educational opportunities through their website, free lectures, music documentaries, livestream events, and performances held in their venue and adjacent Mundy Park. The foundation has expanded its offerings, presenting 181 shows in 2022, up from 132 in 2021, and has gained recognition from touring musicians. With a team of 5 employees, Fox Valley Music Foundation has become a hub for music enthusiasts of various genres and backgrounds.


Official website here: www.foxvalleymusicfoundation.org

Is Fox Valley Music Foundation legitimate?

Fox Valley Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fox Valley Music Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,822

For more financial information, click here


Official website here: www.foxvalleymusicfoundation.org

What is the mission statement of Fox Valley Music Foundation?

The Fox Valley Music Foundation's mission is centered around preserving, protecting, and promoting the music of a specific region, namely the Fox Valley area. They achieve this objective by offering various educational opportunities. This includes utilizing their website, hosting free lectures, showcasing music documentaries, live streaming events, and organizing performances. These events are not limited to the foundation's venue but extend to the adjacent Mundy Park, serving to further its broader non-profit goals.


Official website here: www.foxvalleymusicfoundation.org

Who is the CEO of Fox Valley Music Foundation?

David Sean Glynn is the President of Fox Valley Music Foundation.


Official website here: www.foxvalleymusicfoundation.org

What is the revenue of Fox Valley Music Foundation?

Fox Valley Music Foundation's revenue in 2022 was $484,430.


Official website here: www.foxvalleymusicfoundation.org

Who are the executives of Fox Valley Music Foundation and what are their salaries?

The average compensation at Fox Valley Music Foundation during 2022 was $26,964. There are 5 employees and 40 volunteers at Fox Valley Music Foundation.

Here are 8 key members and their salaries:

    Melissa Mercado (Executive Di) [Trustee/Director]
  • Compensation: $60,000
  • Related: $0
  • Other: $0

    • David Sean Glynn (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Moga (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Wiet (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeannie Norris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Hull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Bauler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.foxvalleymusicfoundation.org

    Where can I find the form 990 for Fox Valley Music Foundation?

    The Fox Valley Music Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.foxvalleymusicfoundation.org

    Learn more at the official website: www.foxvalleymusicfoundation.org

    Mission Statement of Fox Valley Music Foundation

    The Fox Valley Music Foundation is dedicated to preserving, protecting, and promoting the musical heritage of the Fox Valley area in Illinois. They achieve this mission by offering educational opportunities through their website, free lectures, music documentaries, livestream, and performance events. These events are held in the venue operated by the foundation as well as in the adjacent Mundy Park, aligning with their broader non-profit goals. The foundation's initiatives aim to educate and entertain, providing a platform for local musicians and fostering a love for music in the community.

    Impact

    This information is meant to be a general summary of Fox Valley Music Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Fox Valley Music Foundation's impact can be seen in the revitalization of the local music scene in the Fox Valley area of Illinois. Through their venue and various events, they have significantly increased audience attendance, with a 250% increase in 2022 compared to previous years. This surge in attendance has not only benefited the foundation but has also boosted foot traffic, driving economic growth for businesses and restaurants in the downtown arts district. The foundation's efforts have made the venue a popular destination for music enthusiasts of all backgrounds and genres, garnering praise from both local and touring musicians.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20
  • Program Service Revenue: $405,039
  • Gross Receipts: $490,030

    • Assets and Liabilities:
  • Total Assets: $466,916
  • Total Liabilities: $378,404
  • Net Assets: $88,512
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICES

    Revenue

    $253,864

    PERFORMANCE EVENTS REVENUE

    Revenue

    $151,175

    Organization Details

    Founding Year

    2014

    Principal Officer

    David Sean Glynn

    Main Address

    21 S BROADWAY AVE, AURORA, IL, 60505

    NTEE Category

    Code: A68 - Arts

    If you are a representative of Fox Valley Music Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.