Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Foundation to Assist Young Musicians (EIN: 26-1472871) is dedicated to supporting young musicians through financial assistance, early training, advanced study, and professional career development. With an operating budget of $156.9K and total revenue of $194.3K for the 2024 filing year, the organization relies on multiple funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.thefaym.com.

Mission Statement

THE PRIMARY MISSION OF THE ORGANIZATION IS TO PROVIDE THE FOLLOWING TO YOUNG MUSICIANS: FINANCIAL SUPPORT, EARLY TRAINING, ADVANCED STUDY, AND PROFESSIONAL CAREER DEVELOPMENT.
Revenues
$194.3K
Expenses
$156.9K
Net Income:
+$37.3K
Assets
$285K
Liabilities
N/A
Net Assets:
N/A
Operating Budget
$156.9K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$6.4K
Largest grant received
$80K
B
Bill Thornhill
Board Member
A
Arturo Ochoa
Board Member
D
DR Richard McGee
Board Member

Frequently Asked Questions

What is FOUNDATION TO ASSIST YOUNG MUSICIAN’s budget?
In 2024, FOUNDATION TO ASSIST YOUNG MUSICIAN reported an annual operating budget of around $157 thousand. More detailed financial information is available to registered users.
What causes does FOUNDATION TO ASSIST YOUNG MUSICIAN support?
FOUNDATION TO ASSIST YOUNG MUSICIAN supports work in Music and Arts and culture.
Where does FOUNDATION TO ASSIST YOUNG MUSICIAN operate?
FOUNDATION TO ASSIST YOUNG MUSICIAN is headquartered in Las Vegas, NV.
Who funded FOUNDATION TO ASSIST YOUNG MUSICIAN recently?
In 2024, FOUNDATION TO ASSIST YOUNG MUSICIAN received grants from NICK AND EDNA WELLER CHARITIES INC, NETWORK FOR GOOD, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant FOUNDATION TO ASSIST YOUNG MUSICIAN received in 2024?
The largest grant to FOUNDATION TO ASSIST YOUNG MUSICIAN in 2024 exceeds $80 thousand.