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Illinois · Nonprofit

FOX VALLEY MUSIC FOUNDATION

FOX VALLEY MUSIC FOUNDATION (Illinois) receives grants from 10 organizations whose IRS filings report $236,286 to it, the largest being SEIZE THE FUTURE DEVELOPMENT FOUNDATION ($75,424). 5 of them have funded it in more than one year.

Revenue FY2024
$776k
Funders on record
10
Grants received
$236k
Net assets
$27k
5/10 repeat funderspeak grant-dependency 36%
01What it does

What Fox Valley Music Foundation does

Mission

The foundation's goal is to preserve, protect, promote the music of the fox valley (illinois) area. This is accomplished by providing educational opportunities through their website, free lectures, music documentaries, livestream and performace events. Events are held in the venue operated by the music foundation, and in the adjacent mundy park in furtherance of its broader non-profit goals.

As stated on its FY2024 Form 990.

Programs

  1. 2022 was our first full year of regular season programming since the opening of the venue in june 2019. After 16 months of forced closure and reduced capacity during 2020 and part of 2021 due to the covid pandemic, the venue returned to presenting a full schedule of live music with local, regional and national touring artists on stage from two to five nights a week. Audience attendance increased 250% in 2022, with approximately 15% of the shows selling out. Increased attendance has translated into additional foot traffic and has served as an economic driver for businesses and restaurants in the downtown arts district. In addition to the increased attendance, 2022 saw an increase in the number and types of shows presented, from 132 shows in 2021 to 181 shows in 2022. The venue has become a destination for music lovers of all genres and from all walks of life and has received high praise from touring musicians.

    $508,249 spent
    100% of program spending
  2. Residency programs in 2022 the music foundation, in cooperation with the pete ellman jazz big band nfp, began a weekly residency program, presenting 38 jazz big band concerts that included 45 middle and high school jazz bands as "openers" prior to the professional big band concerts. This program speaks directly to our mission to provide affordable music programming and education to all. This program is a way to get budding musicians into a real-world environment where they can play in front of a live audience as well as parents and classmates. The highly successful series takes place from mid- october thru june and sells out on a regular basis. In addition to the jazz residency, the venue is pleased to have terrapin flyer as a monthly residency. The grateful dead tribute band performs on the second thursday of each month to packed audiences. What is at the core of the residency is the idea that the grateful dead and jerry garcia's music still has plenty of life in it and that the music being so improvisational in nature can and does go to new places in each performance. No two terrapin flyer shows are ever the same and you never know who might show up to jam at a show.

  3. Music education rock talk free lecture series with professor mark plummer the music foundation in collaboration with professor mark plummer of aurora university presented a 4-part, free lecture series called rock talk. The informative, educational and entertaining series took place on sunday afternoons, giving patrons of all ages, an in depth look at important, historical music events, including the monterey international pop festival, the rise and fall of stax records, the altamont music festival of 1969 and the magnum opus. Filled with facts, photos, music video clips, interviews and more, the successful series will be back again next year to explore more music history.

  4. In addition to items listed above, fvmf is proud to continue their singer/songwriter programming which provides opportunities for aspiring musicians to present their music, learn their craft and share music with others. The music in mundy outdoor concert series evolved into a summer festival series: june/blues, july/jazz and august/americana. 2022 saw increased collaboration with other non-profit organizations through rentals, assisting in fundraising efforts for their organizations, some of which included united way, the neighbor project, rouse 3.0 and the kane county bar association. The venue has also hosted many workshops and seminars for the city of aurora and fox valley businesses in an effort to increase revenue to cover programming costs. The venue has become a true community gathering place where both musicians, patrons and volunteers can gather with a common purpose. Our hardworking volunteers contribute their time and talents to ensure that the fvmf and the venue will continue to operate successfully in the coming years.

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $508,249.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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.

100 = 20202020 Revenue 100 ($265k) Expenses 100 ($289k) Net assets 100 ($210k)2021 Revenue 141 ($374k) Expenses 147 ($423k) Net assets 77 ($161k)2022 Revenue 182 ($484k) Expenses 193 ($557k) Net assets 42 ($89k)2023 Revenue 226 ($599k) Expenses 222 ($642k) Net assets 22 ($46k)2024 Revenue 292 ($776k) Expenses 275 ($794k) Net assets 13 ($27k)
20202021202220232024
Revenue (292)Expenses (275)Net assets (13)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $363k to $467k (+28%).

$461k
$363k
$467k
$397k
$373k
20202021202220232024
Total assetsTotal liabilities

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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 18% · 2021 28% · 2022 4% · 2023 3% · 2024 2%. Grants only. Government contracts and fees sit inside program revenue.

4% of FOX VALLEY MUSIC FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 5 reported years ran a deficit.

−$23k
’20
−$49k
’21
−$72k
’22
−$43k
’23
−$18k
’24
1.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

20202021202220232024
Listed888118
Joined·+2+1+3+1
No longer listed·2104
03Who funds it

Who funds it, year by year

2019 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $67k → $26k.

3 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% 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 FOX VALLEY MUSIC FOUNDATION’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

FOX VALLEY MUSIC FOUNDATION leans on a few funders — its largest provides 32% of grant income and the top three 69%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

55% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FOX VALLEY MUSIC FOUNDATION.

32%
largest funder
69%
top three
~5
effective funders

Largest funder’s share by year: 2019 50% · 2020 58% · 2021 44% · 2022 100% · 2023 77% — growing more concentrated.

“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.

How long its funders stay

13% of FOX VALLEY MUSIC FOUNDATION's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

93% of FOX VALLEY MUSIC FOUNDATION's grant income comes from Illinois funders.

IL
CA
CO

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Illinois out of state home

Funder states come from each funder’s own filing. $49k arriving through sponsors registered in 2 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.

04Its place in the field

Against its field

FOX VALLEY MUSIC FOUNDATION has grown faster than three-quarters of the 17,936 arts & culture nonprofits its size.

Operating margin−2% · below the median
Months of reserve1.2mo · bottom quartile
Revenue growth (annualized)31% · top quartile

this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024

Organizations like FOX VALLEY MUSIC FOUNDATION

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 Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

64% of spending goes to programs.

Program 64%Management 20%Fundraising 16%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Screen this organization

A dated, signed PDF of the compliance screen for FOX VALLEY MUSIC FOUNDATION: 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.

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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 FOX VALLEY MUSIC FOUNDATION?
FOX VALLEY MUSIC FOUNDATION (Illinois) receives grants from 10 organizations whose IRS filings report $236,286 to it, the largest being SEIZE THE FUTURE DEVELOPMENT FOUNDATION ($75,424). 5 of them have funded it in more than one year.
How many funders does FOX VALLEY MUSIC FOUNDATION have?
IRS filings report 10 organizations giving $236,286 in grants to FOX VALLEY MUSIC FOUNDATION, 5 of which have funded it in more than one year.
Who is the largest funder of FOX VALLEY MUSIC FOUNDATION?
SEIZE THE FUTURE DEVELOPMENT FOUNDATION is the largest funder on record, with $75,424 in grants. The full list of funders is on this page.
How can an organization like FOX VALLEY MUSIC FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. 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 Fox Valley Music →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 10 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