Fulton Music Society Inc NFP

Nonprofit profile at a glance

EIN
853920442
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025, Form 990-N 2020
Location
Evanston, IL, USA
Phone
5857370660
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$191,407
Expenses
$140,749
Assets
$189,774

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Addison Teng (President)

People named in this filing

  • Addison Teng (President)
  • Amy Hess (Sec/Treas)
  • Megan Lindgren (Director)

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

Aims to transform what music means in the 21st century by nurturing thoughtful, well-rounded students through dedicated music study. We are working to connect the dots between student life and the professional world by emphasizing skills and experiences that translate beyond their instruments. Through our programs, young musicians will be ready to lead their generation in any field they choose.

What it reported doing in 2025

Fulton In Residence ("FIR") - We believe in music's power to connect people across cultural boundaries by fostering collaboration, communication, and understanding. Through Fulton In Residence, select Fulton Summer Music Academy students have the opportunity to join faculty on tour to destinations across the globe. FIR students experience first-hand the life of a touring musician. Intensive rehearsals and planning occupy the months preceding the tour. During the tour itself, students learn about the flexibility and professionalism needed for a successful collaboration with the host institutions. Ample room is left in the itineraries for local cultural experiences and socializing with their peers.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.6%; rating input score 71
  • Program expense ratio: 96.1%; rating input score 96

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: 26.5%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 68; 68th 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: 11.2% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 16.3% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 70.6% of revenue deployed · 96.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • 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.