Foundation For the Advancement of Music & Education Inc
Only null% goes to programs
Foundation For the Advancement of Music & Education Inc is a 501(c)(3) organization based in Uppr Marlboro, Maryland, registered in 2007, with $695,600 in FY2024 revenue. CharityIndex grades it B.
14040 New Acadia Ln Apt 402, Uppr Marlboro, MD, 20774 EIN 59-3836026 Since 2007
Revenue (FY2024)
$696K
▼ 9.2% vs prior year
Education median: $200K
Expenses (FY2024)
$653K
Net assets
$246K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Foundation For the Advancement of Music & Education Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foundation For the Advancement of Music & Education Inc: 5 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Foundation For the Advancement of Music & Education Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foundation For the Advancement of Music & Education Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 14040 New Acadia Ln Apt 402, Uppr Marlboro, MD, 20774
- City
- Uppr Marlboro
- State
- Maryland
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $535K (FY2020) to $696K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $752Net assets $246K
Operating margin
6.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$246K
Total liabilities
$752
Net assets
$246K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $695,600▼9.2% | $653,042▼1.2% | $245,706▲26.1% | $246,458▲21.8% | 990 |
| 2023 | $766,379▲29.7% | $661,154▼7.5% | $194,884▲117% | $202,341▲97.8% | 990 |
| 2022 | $590,910▼11.4% | $714,604▲13.5% | $89,658▼56.7% | $102,318▼52.2% | 990 |
| 2021 | $667,234▲24.7% | $629,584▲29.4% | $207,002▼5.1% | $214,037▼15.9% | 990 |
| 2020 | $534,939 | $486,559 | $218,223 | $254,645 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $358K total
13 grants to Foundation For the Advancement of Music & Education Inc totaling $358K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $85,372 |
| Greater Washington Community Foundation | General support | 2024 | $6,000 |
| American Online Giving Foundation Inc | General support | 2023 | $99,349 |
| American Online Giving Foundation Inc | General support | 2022 | $33,470 |
| Greater Washington Community Foundation | General support | 2021 | $25,000 |
| Greater Washington Community Foundation | General support | 2020 | $25,000 |
| Greater Washington Community Foundation | General support | 2020 | $25,000 |
| Greater Washington Community Foundation | General support | 2016 | $15,326 |
| Greater Washington Community Foundation | General support building | 2015 | $15,000 |
| Greater Washington Community Foundation | General support | 2015 | $6,000 |
| Greater Washington Community Foundation | General support | 2015 | $6,000 |
| Greater Washington Community Foundation | General support | 2015 | $6,000 |
| Greater Washington Community Foundation | General support building building | 2014 | $10,000 |
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Frequently asked questions
- Is Foundation For the Advancement of Music & Education Inc a legitimate nonprofit?
- Yes. Foundation For the Advancement of Music & Education Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-3836026, based in Uppr Marlboro, Maryland. Donations are tax-deductible.
- What is Foundation For the Advancement of Music & Education Inc's EIN?
- Foundation For the Advancement of Music & Education Inc's Employer Identification Number (EIN) is 59-3836026.
- How much revenue does Foundation For the Advancement of Music & Education Inc report?
- Foundation For the Advancement of Music & Education Inc reported $695,600 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Foundation For the Advancement of Music & Education Inc have?
- CharityIndex grades Foundation For the Advancement of Music & Education Inc B, based on financial health (reserves and operating margin).
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Data for Foundation For the Advancement of Music & Education Inc (EIN 59-3836026) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.