Nevada · Nonprofit
FOUNDATION TO ASSIST YOUNG MUSICIAN
FOUNDATION TO ASSIST YOUNG MUSICIAN (Nevada) receives grants from 5 organizations whose IRS filings report $692,161 to it, the largest being NICK AND EDNA WELLER CHARITIES INC ($580,000). 4 of them have funded it in more than one year.
- Revenue FY2024
- $194k
- Funders on record
- 5
- Grants received
- $692k
- Net assets
- $285k
What Foundation to Assist Young Musician does
Mission
The primary mission of the organization is to provide the following to young musicians: financial support, early training, advanced study, and professional career development.
As stated on its FY2024 Form 990-EZ.
Programs
The advanced study endeavors supported by faym include academic support for music study after graduation from high school, for example: tuition and fees at an institiute of higher learning, master classes, private instruction, travel and room and board expenses, etc.
$5,000 spent3% of program spendingAssist aspiring musicians in developing opportunities to perform, pursue additional study and to participate in symposia, workshops, competitions and festivals.
Early music training helps fund and implement music training opportunities, beginning with pre-school and continuing throughout the twelfth grade. Througout the year faym has assisted in violin lessons for elementary school age children in lower income areas.
$156,635 spent97% of program spending
The 3 programs described on its FY2025 Form 990-EZ. Program spending in total: $161,635.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $71k to $137k (+93%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
84% of FOUNDATION TO ASSIST YOUNG MUSICIAN’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $20k → $86k.
3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FOUNDATION TO ASSIST YOUNG MUSICIAN’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FOUNDATION TO ASSIST YOUNG MUSICIAN leans on a few funders — its largest provides 84% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2018 100% · 2019 89% · 2020 100% · 2021 72% · 2022 81% · 2023 93% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
FOUNDATION TO ASSIST YOUNG MUSICIAN draws 98% of its grant income from funders outside Nevada, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $102k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FOUNDATION TO ASSIST YOUNG MUSICIAN runs a healthier operating margin than half of the 17,936 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024
Organizations like FOUNDATION TO ASSIST YOUNG MUSICIAN
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Nevada
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for FOUNDATION TO ASSIST YOUNG MUSICIAN: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FOUNDATION TO ASSIST YOUNG MUSICIAN?
- FOUNDATION TO ASSIST YOUNG MUSICIAN (Nevada) receives grants from 5 organizations whose IRS filings report $692,161 to it, the largest being NICK AND EDNA WELLER CHARITIES INC ($580,000). 4 of them have funded it in more than one year.
- How many funders does FOUNDATION TO ASSIST YOUNG MUSICIAN have?
- IRS filings report 5 organizations giving $692,161 in grants to FOUNDATION TO ASSIST YOUNG MUSICIAN, 4 of which have funded it in more than one year.
- Who is the largest funder of FOUNDATION TO ASSIST YOUNG MUSICIAN?
- NICK AND EDNA WELLER CHARITIES INC is the largest funder on record, with $580,000 in grants. The full list of funders is on this page.
- How can an organization like FOUNDATION TO ASSIST YOUNG MUSICIAN find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Nevada. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Foundation to Assist Young Musician →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing