Program areas at FONAM
The organization solicited funds exceeding $208,000 for mission support. A direct contribution in the amount of $40,000 was made to the united states Naval Academy non-appropriated fund account, which provides operating funds for musical activities.
The organization infused money into its investment account, which value rose from $27,751 at the beginning of 2019 to over $218,000 by the end of 2019. The investments managed by our director of investments serve long- and short-term purposes of the organization. A small portion of our investments is held in a money market fund to grow with dividends and available to distribute when needed to the Music department at the united states Naval Academy. Approximately half of the investments are held in a strategic reserve fund intended to grow over the long term. The other half are held in endowment funds, which purpose is to grow and be used to support the musical activities department by their interest income stream.
Who funds Friends of Naval Academy Music (FONAM)
Grants from foundations and other nonprofits
Personnel at FONAM
Name | Title | Compensation | Date of data |
---|
John Barry Talley | Director of Investments | $0 | 2022-12-31 |
Amy K Smith | Treasurer | $0 | 2023-11-06 |
Nathan Shenck | Vice President | $0 | 2022-12-31 |
Donald Nelson | Past President and Board M / Past President and Board M / Past President and Board Member | $0 | 2022-12-31 |
Carol Kepler | Secretary | $0 | 2019-12-31 |
Financials for FONAM
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $151,604 | $93,271 | 62.5% |
Program services | $0 | $0 | - |
Membership dues | $0 | $0 | - |
Investment income and dividends | $15,703 | $13,647 | 15.1% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from gaming activities and fundraising events, combined | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $167,307 | $106,918 | 56.5% |
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Love Learning Music Incorporated Love Learning Music | 501(c)(3) | Nashville, TN | $155,794 |
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MIMA Music | 501(c)(3) | Troy, MI | $82,684 |
TNM the New Music Movement of Love on the Web | 501(c)(3) | Sanford, FL | $124,310 |
LPMC Foundation | 501(c)(3) | Chicago, IL | $64,902 |
Berkeley High School Jazz | 501(c)(3) | Berkeley, CA | $165,542 |
Chamber Project St Louis | 501(c)(3) | Manchester, MO | $89,957 |
Saratoga Chamber Players | 501(c)(3) | Saratoga Springs, NY | $44,676 |
Beaver Valley Community Concert Association | 501(c)(3) | Ellwood City, PA | $48,330 |
Data update history
January 21, 2024
Posted financials
Added Form 990EZ for fiscal year 2022
January 21, 2024
Updated personnel
Identified 2 new personnel
July 14, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
June 3, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsCharities
Issues
Arts, cultural, and humanities
Characteristics
National levelTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1428 Crofton Pkwy
- Crofton, MD 21114
- Metro area
- Baltimore-Columbia-Towson, MD
- County
- Anne Arundel County, MD
- Website URL
- fonam.org/
- Phone
- (443) 716-5806
IRS details
- EIN
- 46-1084699
- Fiscal year end
- December
- Taxreturn type
- Form 990-EZ
- Year formed
- 2013
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- A68: Music
- NAICS code, primary
- 711130: Musical Groups and Artists
- Parent/child status
- Independent
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