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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
The Fox Valley Music Foundation has received a mixed evaluation with an overall score of 68%, reflecting a Two-Star rating. The charity demonstrates strengths in governance, with an independent board fully composed of members and a solid program expense ratio, indicating efficient allocation of resources toward its mission. However, there are notable weaknesses, particularly in its accountability and finance practices, which have raised concerns.
The organization scored poorly in several critical areas, such as its lack of a whistleblower policy and deficiencies in document retention and destruction practices. Additionally, the absence of financial statements on its website and a concerning liabilities to assets ratio highlight potential financial transparency issues. These factors suggest that while the foundation is committed to its mission, it could enhance its operational integrity and trustworthiness through improved financial practices.
Overall, while the Fox Valley Music Foundation shows dedication to its cause, addressing the identified weaknesses could help improve its rating and public perception, ultimately aiding in its fundraising efforts and community support.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fox Valley Music Foundation?
Fox Valley Music Foundation is a budding nonprofit that has made a positive impression on its early reviewers. Although still new and not yet rated, the feedback highlights a welcoming environment for music enthusiasts. Participants appreciate the camaraderie and the shared passion for music that the foundation fosters among attendees.
There is a strong sense of enthusiasm for the events hosted by the foundation, with one reviewer noting that the organization genuinely enjoys bringing music to the community. This enthusiasm suggests a commitment to quality programming, indicating that the foundation is likely working hard to create enriching experiences for its audience.
Overall, the sentiments expressed in the reviews suggest that the Fox Valley Music Foundation is on the right track, building a vibrant community centered around music appreciation while delivering enjoyable events.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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:
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- Compensation: $60,000
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Official website here: www.foxvalleymusicfoundation.org
Where can I find the form 990 for Fox Valley Music Foundation?
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(331) 212-8490Principal Officer
David Sean Glynn
Main Address
21 S BROADWAY AVE, AURORA, IL, 60505
NTEE Category
Code: A68 - Arts
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