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Foundation Music School Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Music (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$743k (2023)

Expenses
$825k (2023)

Total Assets
$247k (2023)

Total Liabilities
$1.8k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$743,253
Expenses
$824,895
Net Income
-$81,642
Net Assets
$244,813
Notable Sources of Revenue Percent of Total Revenue
Contributions $206,070
27.7%
Program Services $530,295
71.3%
Investment Income $828
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,275
Sales of Assets -$747
Net Inventory Sales $0
Other Revenue $9,082
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,011
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $443,555
53.8%
Assets/Debt
Total Assets $246,615
Total Liabilities $1,802
Net Assets $244,813
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $49,525 $0 $9,486
Brad Charles (Board Member) $0 $0 $0
Kyle James Hauser (Board Member) $0 $0 $0
Nyle Kenning (Treasurer) $0 $0 $0
Jennifer Powell (Board Member) $0 $0 $0
Michael Shover (President) $0 $0 $0
Tami Uctuk (Board Member) $0 $0 $0
Stephen Brackett (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$861,230
Expenses
$809,468
Net Income
$51,762
Net Assets
$326,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $327,885
38.1%
Program Services $535,140
62.1%
Investment Income $97
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,795
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,903
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,027
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $426,516
52.7%
Assets/Debt
Total Assets $326,525
Total Liabilities $70
Net Assets $326,455
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $77,477 $0 $12,550
Brad Charles (Board Member) $0 $0 $0
Nyle Kenning (Treasurer) $0 $0 $0
Bevin Luna (Board Member) $0 $0 $0
Jennifer Powell (Board Member) $0 $0 $0
Michael Shover (President) $0 $0 $0
Tami Uctuk (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$683,587
Expenses
$673,526
Net Income
$10,061
Net Assets
$274,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $230,082
33.7%
Program Services $452,048
66.1%
Investment Income $92
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,365
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $66,703
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $362,039
53.8%
Assets/Debt
Total Assets $365,068
Total Liabilities $90,375
Net Assets $274,693
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $63,725 $0 $2,978
Brad Charles (Board Member) $0 $0 $0
Ellen Coker (Vice Preside) $0 $0 $0
Toni Farquar (Secretary) $0 $0 $0
Steve Graham (President) $0 $0 $0
Bevin Luna (Board Member) $0 $0 $0
Jennifer Powell (Board Member) $0 $0 $0
Michael Shover (Board Member) $0 $0 $0
Tami Uctuk (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$692,001
Expenses
$647,345
Net Income
$44,656
Net Assets
$264,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $210,766
30.5%
Program Services $389,154
56.2%
Investment Income $263
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,075
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $92,893
13.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,748
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $363,991
56.2%
Assets/Debt
Total Assets $280,614
Total Liabilities $15,982
Net Assets $264,632
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $63,725 $0 $1,023
Katherine Acott (Past Presid) $0 $0 $0
Ellen Coker (Board Member) $0 $0 $0
Toni Farquar (Secretary) $0 $0 $0
Steve Graham (Vice Preside) $0 $0 $0
Sally Harris (President) $0 $0 $0
Jennifer Powell (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$638,835
Expenses
$598,056
Net Income
$40,779
Net Assets
$219,976
Notable Sources of Revenue Percent of Total Revenue
Contributions $273,601
42.8%
Program Services $367,902
57.6%
Investment Income $341
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$3,439
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $430
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $59,989
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $323,158
54.0%
Assets/Debt
Total Assets $254,985
Total Liabilities $35,009
Net Assets $219,976
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $59,989 $0 $1,791
Katherine Acott (President) $0 $0 $0
Sally Harris (Vice Preside) $0 $0 $0
Toni Farquar (Secretary) $0 $0 $0
Patrick Kent (Board Member) $0 $0 $0
Ellen Coker (Board Member) $0 $0 $0
Steve Graham (Board Member) $0 $0 $0
Jennifer Powell (Board Member) $0 $0 $0
Chip Dever (Board Member) $0 $0 $0
Pam Miller (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$591,942
Expenses
$553,383
Net Income
$38,559
Net Assets
$179,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $270,330
45.7%
Program Services $324,068
54.7%
Investment Income $130
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,868
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $282
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $57,437
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $242,176
43.8%
Assets/Debt
Total Assets $232,279
Total Liabilities $53,082
Net Assets $179,197
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $57,437 $0 $0
Katherine Acott (President) $0 $0 $0
Pam Miller (Assistant Se) $0 $0 $0
Sally Harris (Vice Preside) $0 $0 $0
Toni Farquar (Secretary) $0 $0 $0
Patrick Kent (Board Member) $0 $0 $0
Chip Dever (Board Member) $0 $0 $0
Ellen Coker (Board Member) $0 $0 $0
Steve Graham (Board Member) $0 $0 $0
Scott Runyan (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$522,202
Expenses
$481,261
Net Income
$40,941
Net Assets
$140,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $266,631
51.1%
Program Services $255,639
49.0%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$76
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $255,174
53.0%
Assets/Debt
Total Assets $211,086
Total Liabilities $70,448
Net Assets $140,638
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $54,404 $0 $0
Kelly Mccallum (Vice Preside) $0 $0 $0
Katherine Acott (President) $0 $0 $0
Scott Runyan (Treasurer) $0 $0 $0
Pam Miller (Assistant Se) $0 $0 $0
Sally Harris (Board Member) $0 $0 $0
Toni Farquar (Secretary) $0 $0 $0
Patrick Kent (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,533
Expenses
$446,722
Net Income
$9,811
Net Assets
$99,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $195,550
42.8%
Program Services $259,667
56.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,316
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $248,821
55.7%
Assets/Debt
Total Assets $99,816
Total Liabilities $119
Net Assets $99,697
Compensation
Key Employees and Officers Compensation Related Other
Karen Parsell (Executive Di) $50,899 $0 $0
Kelly Mccallum (President) $0 $0 $0
Mark Mccallum (Vice Preside) $0 $0 $0
Katherine Acott (Secretary) $0 $0 $0
Scott Runyan (Treasurer) $0 $0 $0
Pam Miller (Assistant Se) $0 $0 $0
Sally Harris (Board Member) $0 $0 $0
Susan Graham (Board Member) $0 $0 $0
Teresa Sedlak (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$419,043
Expenses
$392,842
Net Income
$26,201
Net Assets
$89,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $163,199
38.9%
Program Services $255,844
61.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $285,732
72.7%
Assets/Debt
Total Assets $89,985
Total Liabilities $99
Net Assets $89,886
Compensation
Key Employees and Officers Compensation Related Other
Kelly Mccallum (President) $0 $0 $0
Mark Mccallum (Vice Preside) $0 $0 $0
Katherine Acott (Secretary) $0 $0 $0
Scott Runyan (Treasurer) $0 $0 $0
Pam Miller (Asst Secreta) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$365,759
Expenses
$344,769
Net Income
$20,990
Net Assets
$63,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,862
43.2%
Program Services $207,897
56.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $221,436
64.2%
Assets/Debt
Total Assets $63,794
Total Liabilities $109
Net Assets $63,685
Compensation
Key Employees and Officers Compensation Related Other
Mark Mccallum (President) $0 $0 $0
Theresa Sedlak (Vice Preside) $0 $0 $0
Scott Runyan (Treasurer) $0 $0 $0
Katherine Acott (Secretary) $0 $0 $0
Nicole Wilshusen (Asst Secreta) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$299,176
Expenses
$291,703
Net Income
$7,473
Net Assets
$42,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,612
43.0%
Program Services $170,564
57.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $196,175
67.3%
Assets/Debt
Total Assets $42,873
Total Liabilities $178
Net Assets $42,695

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$253,535
Expenses
$244,516
Net Income
$9,019
Net Assets
$35,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $120,931
47.7%
Program Services $132,604
52.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $159,599
65.3%
Assets/Debt
Total Assets $35,397
Total Liabilities $175
Net Assets $35,222

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$169,133
Expenses
$163,030
Net Income
$6,103
Net Assets
$26,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,542
37.6%
Program Services $99,004
58.5%
Investment Income $0
Net Fundraising $6,587
3.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $26,290
Total Liabilities $87
Net Assets $26,203

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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