Nonprofit · EIN 01-0739765
CHARLESTON ACADEMY OF MUSIC
Tax-exempt · CHARLESTON, SC 29413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $513,398 | $478,516 | $34,882 | $876,544 | $328,258 | $548,286 |
| July 31, 2024 | 990 | $538,873 | $434,967 | $103,906 | $521,969 | $8,565 | $513,404 |
| July 31, 2023 | 990 | $515,436 | $401,936 | $113,500 | $415,270 | $5,772 | $409,498 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $86,382
- of which government grants
- $28,114
- Program service revenue
- $404,466
- Investment income
- $2,439
- Net rental income
- $19,834
- Other revenue
- $20,111
Expenses
- Grants and similar amounts paid
- $6,400
- Compensation of officers, directors and key employees
- $70,301
- Other salaries and wages
- $68,912
- Salaries, compensation and benefits (total)
- $152,135
- Professional fundraising fees
- $0
- Occupancy
- $86,419
- Travel
- $1,403
- Depreciation
- $5,660
- Program services (functional)
- $372,947
- Management and general (functional)
- $70,137
- Fundraising (functional)
- $35,432
Balance sheet and other
- Total assets, start of year
- $521,969
- Total assets, end of year
- $876,544
- Total liabilities, end of year
- $328,258
- Net assets, end of year
- $548,286
- Land, buildings and equipment
- $427,141
- Net assets without donor restrictions
- $548,286
- Gross receipts
- $513,398
- Employees
- 3
- Volunteers
- 70
- Year formed
- 2002
- State of legal domicile
- SC
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 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Irina Pevzner | Executive Director Officer | 40 | $62,264 |
| Ed Meyer | Chairman Trustee or director, Officer | 2 | $0 |
| Andrea Patrick | Secretary Trustee or director, Officer | 1 | $0 |
| Maria Cordova | Board Member Trustee or director | 1 | $0 |
| Theresa Thomas | Board Member Trustee or director | 3 | $0 |
990 for the year ended July 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR IRINA PEVZNER | EXECUTIVE DI Officer | 40 | $61,116 |
| ED MEYER | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ANDREA PATRICK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| MARIA CORDOVA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THERESA THOMAS | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended July 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR IRINA PEVZNER | EXECUTIVE DI Officer | 40 | $61,116 |
| ED MEYER | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| GEORGE HARTLEY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ANDREA PATRICK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| MARIA CORDOVA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| THERESA THOMAS | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22364, CHARLESTON, SC 29413-2364
- In care of
- % EUNJOO YUN
- Principal officer (990 for 2024)
- Dr Irina Pevzner, PO Box 22364, Charleston, SC 29413
- Signed the 990
- Dr Irina Pevzner, Executive Director
- Phone
- (843) 805-7794
- Return prepared by
- Glaser and Company LLC
Mission
The Charleston Academy of Music is committed to providing access to exceptional music education, performance and community outreach to all, regardless of age, skill, gender, ethnicity or income.
Program accomplishments
- The Academic Program provides a complete music education of the highest quality to prepare students for professional careers as musicians, music educators, and lifelong advocates of classical music. Students of the Academic Program may choose to receive musical instruction in piano, jazz piano, voice, violin, viola, organ, trumpet, cello, classical guitar, jazz guitar, flute, clarinet, saxophone, and harp. Musical instruction includes private lessons and various classes, such as Theory, Ear Training, Composition, Masterclasses and Performance Classes, as well as String Ensembles and Guitar Orchestra. All students will have many performance opportunities throughout each semester.The program has approximately 250 students drawn from the local area. The program was conducted by 22 experienced music teachers and divided into Fall and Spring semester with the optional summer semester. The length of the program is generally 30 weeks lessons and classes. The Academy's early childhood music program continued to implement the world-renowned Music Together method in which groups of mixed-age students (0-5 years old) are led by a specially trained teacher to develop children's natural musical instincts and skills necessary for the later study of instrument or voice. These classes are structured in three 10-week semesters and are offered at both downtown and Mt. Pleasant locations. In March 2025 Charleston Academy of Music has purchased the space for operating in the North Mount Pleasant area, and is planning to transfer the current rented space to the new location in July 2027The Suzuki program for 4-year-old string players has grown to consistent weekly lessons and group classes as more students enrolled. Theory and Composition Classes have continued in online format. These are open to all students who are encouraged to attend one of these two theory classes: Theory and Ear Training - This class is a fun and interactiveclass suitable for beginners and intermediate level. Students of all instruments, including voice. No previous experience is necessary for the beginner level class; students move to intermediate level based oninstructor's recommendation. Composition and Songwriting - This class is for the students to learn to utilize their musical knowledge and instrumental skills to produce their own compositions. To attend this class, note reading ability and basic theory knowledge are required. Scholarship Program: The organization's scholarship program is designed for students who are seriously committed to the musical training. The scholarships are divided into merit based and financial need-based awards.Students can apply for the program by filling out required paperwork, write a personal statement, and provide a letter of recommendation from a teacher. Applicants must audition and/or pass interview to be consideredfor an award. Upon the receipt of the scholarship, students sign the contract committing to certain hours of practice, regular lesson and concert attendance, and volunteer hours.Terranova Piano Trio: this ensemble consists of the core violin, piano, and cello faculty members and functions as Academy's trademark of excellent professional performing. It serves two purposes: inspire students and deliver classical music to our community. Terranova performs public concerts and conducts outreach concerts in public schools to help local music teachers enhance their curriculum.The Eclipse Ensemble of CAM (formerly the New Music Ensemble) is a group of Charleston Academy of Music faculty that specializes in a wide spectrum of classical music from the last 100 years, including conventional avant-garde art music, concert music from nontraditional sources (musical theatre, cabaret, historical and contemporary media), and music influenced by a variety of cultures and nationalities. It is instrumental in diversifying Charleston's music culture.Academy's popular concert series Rush Hour Concerts have continued with its 10th season. These concerts showcase the talented faculty of the Academy, with occasional guest artists, in an hour-long program. The series aim to make classical music more accessible to the community, perfect for all ages to attend in the early evening before heading home. Concerts are free and open to the public.The annual Charleston Sonatina Festival launched by the Academy in 2019 held its 5th run. The festival provides piano students and composers with an opportunity to explore and expand their skills in the Sonata/Sonatina genre, as well as to perform in a welcoming yet competitive environment. The abundance of sonatinas and sonatas in various levels and styles makes these pieces the ideal manifestation of musical breadth, thus allowing every aspiring pianist to experience complete musicianship. Charleston-area students are invited to participate in the festival in two areas: Piano Performance and Composition. Students are welcome to take part in one or both areas. Students in the Performance area audition with a movement of a sonatina or sonata, demonstrate technical requirements related to the key of their performed piece, and answer questions related to their piece and "sonata form". Students in the Composition area create a musical composition for solo piano and submit their work (along with a short-written explanation) for consideration by a professional panel.The Charleston Academy of Music continued its partnership with the Meeting Street Academy to offer the Kidzymphony program. Students in grades 2 through 5 received string instruments and were instructed twice a week by Academy's faculty to learn violin, viola, and cello in orchestra setting during school and after school hours. Classes were free of charge to the families and took place during school and after school hours. The program culminated in a successful school-wide performance in May. Additionally, this year the program added a keyboard class to broaden music education for the students in the afterschool program. The Academy's faculty and students were invited to perform at the Piccolo Spoleto festival. Several faculty members and specially selected honor students presented electrifying music program of various genres. Academy's Summer Music Fest Jr continued its successful season in July. Open to students ages 3-6 years old, this full day music enrichment camp consisted of group classes that included music fundamentals in the form of Music Together and Eurhythmics instruction, Piano, Violin, Viola, Cello, Guitar, Woodwinds, Harp Instrument Petting Zoo, Arts, and other activities. Students at the Charleston Academy of music celebrated many successes and achievements in their music study endeavors. They included SC Music Teachers Association state audition winners, numerous prizewinners at the Charleston Music Teacher Association Achievement Day, multiple Charleston Symphony Orchestra League scholarship recipients, Charleston Music Club scholarship recipients, to name a few.Expenses $372,947 · grants $6,400 · revenue $404,466
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 01-0739765
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $876,544
- Income (IRS master file)
- $513,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $513,398 | $478,516 | $876,544 | XML |
| 990 | July 2024 | $538,873 | $434,967 | $521,969 | XML |
| 990 | July 2023 | $515,436 | $401,936 | $415,270 | XML |
| 990 | July 2022 | $414,301 | $376,025 | $302,002 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 01-0739765).
Questions about CHARLESTON ACADEMY OF MUSIC
- What is the EIN of CHARLESTON ACADEMY OF MUSIC?
- The employer identification number (EIN) of CHARLESTON ACADEMY OF MUSIC is 01-0739765.
- Is CHARLESTON ACADEMY OF MUSIC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CHARLESTON ACADEMY OF MUSIC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLESTON ACADEMY OF MUSIC 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 CHARLESTON ACADEMY OF MUSIC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLESTON ACADEMY OF MUSIC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of CHARLESTON ACADEMY OF MUSIC?
- The 990 for the year ended July 31, 2025 names Dr Irina Pevzner.
- Who are the officers and directors of CHARLESTON ACADEMY OF MUSIC?
- The 990 for the year ended July 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $62,264 (Dr Irina Pevzner, Executive Director).
- How much revenue does CHARLESTON ACADEMY OF MUSIC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $513,398, expenses of $478,516 and total assets of $876,544 at year end.
Other nonprofits in CHARLESTON
- CHARLESTON GAILLARD MANAGEMENT CORPORATION EIN 46-3018925 · last filed 990 for 2025
- SPOLETO FESTIVAL U S A EIN 57-0660848 · last filed 990 for 2025
- INTERNATIONAL AFRICAN AMERICAN MUSEUM EIN 20-3398254 · last filed 990 for 2024
- CAROLINA ART ASSOCIATION EIN 57-0323047 · last filed 990 for 2025
- CHARLESTON SYMPHONY ORCHESTRA EIN 57-6000192 · last filed 990 for 2025
- CHARLESTON MUSEUM EIN 57-6000318 · last filed 990 for 2024
- CHARLESTON STAGE COMPANY EIN 57-0694183 · last filed 990 for 2025
- MIDDLETON PLACE FOUNDATION EIN 57-0611604 · last filed 990 for 2025
All nonprofits in CHARLESTON · South Carolina · Arts, culture and humanities