Foundation to Assist Young Musician
Nonprofit profile at a glance
- EIN
- 261472871
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Las Vegas, NV, USA
- Phone
- 7022551831
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $169,013
- Expenses
- $161,635
- Assets
- $292,381
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ARTURO OCHOA (PRESIDENT)
People named in this filing
- ARTURO OCHOA (PRESIDENT)
- DR RICHARD MCGEE (PAST VICE PR)
- SANDRA PELAEZ (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96%; rating input score 96
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 1.81; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 10.3% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 96% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $162K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 43/100.