Nonprofit · EIN 26-1472871
FOUNDATION TO ASSIST YOUNG MUSICIANS
Tax-exempt · LAS VEGAS, NV 89117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $169,013 | $161,635 | $7,378 | $292,381 | – | $292,381 |
| December 31, 2024 | 990-EZ | $194,277 | $156,938 | $37,339 | $285,002 | – | $285,002 |
| December 31, 2023 | 990-EZ | $145,102 | $152,912 | -$7,810 | $247,663 | – | $247,663 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $139,653
- Program service revenue
- $16,711
- Investment income
- $12,649
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $125,268
- Printing, publications and postage
- $321
- Other expenses
- $36,046
- Program services (functional)
- $161,635
Balance sheet and other
- Total assets, start of year
- $285,003
- Total assets, end of year
- $292,381
- Total liabilities, end of year
- –
- Net assets, end of year
- $292,381
- Cash, savings and investments
- $292,381
- Gross receipts
- $169,013
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTURO OCHOA | PRESIDENT | 10 | $0 |
| DR RICHARD MCGEE | PAST VICE PR | 5 | $0 |
| SANDRA PELAEZ | VICE PRESIDE | 5 | $0 |
| DEBORAH BONDS | SECRETARY | 5 | $0 |
| MITCH TERRY | TREASURER | 2 | $0 |
| HAROLD L WELLER | DIRECTOR | 20 | $0 |
| ELLIOT GORLIN | DIRECTOR | 5 | $0 |
| BILL THORNHILL | DIRECTOR | 5 | $0 |
| LISBETH ARCINIEGA | DIRECTOR | 5 | $0 |
| MARY HOWARD | DIRECTOR | 5 | $0 |
| DAVID HELD | DIRECTOR | 5 | $0 |
990-EZ for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTURO OCHOA | PRESIDENT | 10 | $0 |
| DR RICHARD MCGEE | VICE PRESIDE | 10 | $0 |
| STEPHEN WALDRON | PAST TREASUR | 2 | $0 |
| MITCH TERRY | TREASURER | 2 | $0 |
| DEBORAH BONDS | SECRETARY | 5 | $0 |
| HAROLD L WELLER | DIRECTOR | 20 | $0 |
| ELLIOT GORLIN | DIRECTOR | 5 | $0 |
| BILL THORNHILL | DIRECTOR | 5 | $0 |
| SANDRA PELAEZ | DIRECTOR | 5 | $0 |
| LISBETH ARCINIEGA | DIRECTOR | 5 | $0 |
| MARY HOWARD | DIRECTOR | 5 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLIOT GORLIN | PRESIDENT | 10 | $0 |
| CLAUDIA RIVERA | PAST PRESIDE | 0 | $0 |
| JUAN SOTO | VICE PRESIDE | 10 | $0 |
| STEPHEN WALDRON | TREASURER | 2 | $0 |
| ARTURO OCHOA | DIRECTOR | 5 | $0 |
| DR RICHARD MCGEE | DIRECTOR | 5 | $0 |
| HAROLD L WELLER | DIRECTOR | 20 | $0 |
| DR CHRISTOPHER BONDS | DIRECTOR | 5 | $0 |
| BILL THORNHILL | DIRECTOR | 5 | $0 |
| ANA ANGUINO | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 9513 CORAL WAY, LAS VEGAS, NV 89117-3604
- In care of
- % HAROLD L WELLER
- Signed the 990-EZ
- ARTURO OCHOA, PRESIDENT
- Phone
- (702) 255-1831
- Website
- WWW.THEFAYM.COM
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.
Program accomplishments
- 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.Expenses $5,000
- ASSIST ASPIRING MUSICIANS IN DEVELOPING OPPORTUNITIES TO PERFORM, PURSUE ADDITIONAL STUDY AND TO PARTICIPATE IN SYMPOSIA, WORKSHOPS, COMPETITIONS AND FESTIVALS.
- EARLY MUSIC TRAINING HELPS FUND AND IMPLEMENT MUSIC TRAINING OPPORTUNITIES, BEGINNING WITH PRE-SCHOOL AND CONTINUING THROUGHOUT THE TWELFTH GRADE. THROUGOUT THE YEAR FAYM HAS ASSISTED IN VIOLIN LESSONS FOR ELEMENTARY SCHOOL AGE CHILDREN IN LOWER INCOME AREAS.Expenses $156,635
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-1472871
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $292,381
- Income (IRS master file)
- $169,013
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $169,013 | $161,635 | $292,381 | XML |
| 990-EZ | December 2024 | $194,277 | $156,938 | $285,002 | XML |
| 990-EZ | December 2023 | $145,102 | $152,912 | $247,663 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1472871).
Questions about FOUNDATION TO ASSIST YOUNG MUSICIANS
- What is the EIN of FOUNDATION TO ASSIST YOUNG MUSICIANS?
- The employer identification number (EIN) of FOUNDATION TO ASSIST YOUNG MUSICIANS is 26-1472871.
- Is FOUNDATION TO ASSIST YOUNG MUSICIANS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to FOUNDATION TO ASSIST YOUNG MUSICIANS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION TO ASSIST YOUNG MUSICIANS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION TO ASSIST YOUNG MUSICIANS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION TO ASSIST YOUNG MUSICIANS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of FOUNDATION TO ASSIST YOUNG MUSICIANS?
- The 990-EZ for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION TO ASSIST YOUNG MUSICIANS have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $169,013, expenses of $161,635 and total assets of $292,381 at year end.
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