Upper Marlboro, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Foundation for the Advancement of Music & Education, founded in 2004, is a small nonprofit in the Education sector that reported $766K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $661K left a modest 14% surplus.
FAMEs mission is to give every youth musicians the best opportunity to succeed in life by providing music instruction and academic support. We prepare middle and high school students for college and careers through a four-pronged approach--music, instruction, academic support, college preparation and career readiness.
Fame Jazz Band Program. more than just a band-it is a high touch program that serves up to 31 middle and high school youth The progam has four components: Music instruction, Math Tutoring, College...
Fame Jazz Band Program. more than just a band-it is a high touch program that serves up to 31 middle and high school youth The progam has four components: Music instruction, Math Tutoring, College Preparation and Career Readiness. With access to educators,musical and academic support service and technology, participants are demonstrating improved musical and academic knowledge and skills inspite of the lingering impact of Covid-19. As a part of the program, students serve as interns during the summer and on school breaks.
Summer Music Program. served 90 youth at the University of Maryland, College Park and Dr. Henry wise High School and via zoom through four intensive workshops: Musi Technology, Vocal Music...
Summer Music Program. served 90 youth at the University of Maryland, College Park and Dr. Henry wise High School and via zoom through four intensive workshops: Musi Technology, Vocal Music, Songwriting and Instrumental Music Intensive.
Music Is Central Program. The program supported 962 students during schoolday and afterschool music programs in elementary, middle and high schools by providing academic tutoring, donated...
Music Is Central Program. The program supported 962 students during schoolday and afterschool music programs in elementary, middle and high schools by providing academic tutoring, donated instruments, music supplies, advisory services, and guest instructors for under-resourced schools. Seventy-five percent of the youth are eligible for the Free and Reduced Meals. The six support schools are in prince Georges, Montgomery and Alexandria counties.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $766,379 | $590,910 | +0.3% |
| Expenses | $661,154 | $714,604 | -0.1% |
| Net Income | $105,225 | $-123,694 | -1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ingrid Valentine | Chairperson | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Reginald Weaver | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cecelia Davis | Vice Chair & Treasurer | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gregory K Wells | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Jackson | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sam Hutchinson | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| C Wayne Ferguson | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Carl Shazor | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Cassandra White | Board Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Arethia Lewis | Executive Director | 40.00 |
Key Emp
|
$142,713 | $0 | $142,713 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $766,379 | $661,154 | $202,341 | $105,225 |
| 2022 | $590,910 | $714,604 | $102,318 | $-123,694 |
| 2021 | $667,234 | $629,584 | $214,037 | $37,650 |
| 2020 | $534,939 | $486,559 | $254,645 | $48,380 |
Compare The Foundation for the Advancement of Music & Education with other nonprofits in Maryland and across the country.