Nonprofit · EIN 04-2580633
POWERS MUSIC SCHOOL INC
Tax-exempt · BELMONT, MA 02478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,107,728 | $2,198,789 | -$91,061 | $4,159,524 | $2,128,240 | $2,031,284 |
| August 31, 2024 | 990 | $2,399,970 | $2,171,958 | $228,012 | $4,231,747 | $2,245,799 | $1,985,948 |
| August 31, 2023 | 990 | $2,157,104 | $2,061,418 | $95,686 | $3,968,190 | $2,365,892 | $1,602,298 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $190,086
- Program service revenue
- $1,856,292
- Investment income
- $61,350
- Net gain from sales of assets
- $12,438
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,015
- Other salaries and wages
- $1,274,231
- Salaries, compensation and benefits (total)
- $1,583,400
- Professional fundraising fees
- $0
- Accounting fees
- $28,000
- Occupancy
- $242,604
- Depreciation
- $64,869
- Program services (functional)
- $1,647,317
- Management and general (functional)
- $411,541
- Fundraising (functional)
- $139,931
Balance sheet and other
- Total assets, start of year
- $4,231,747
- Total assets, end of year
- $4,159,524
- Total liabilities, end of year
- $2,128,240
- Net assets, end of year
- $2,031,284
- Land, buildings and equipment
- $545,719
- Publicly traded securities
- $1,776,840
- Net assets without donor restrictions
- $1,076,442
- Net assets with donor restrictions
- $954,842
- Gross receipts
- $2,465,753
- Employees
- 84
- Volunteers
- 16
- Year formed
- 1975
- State of legal domicile
- MA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS G FARRELL | Executive Director Highest-paid employee | 40 | $143,578 |
| Sarah Freiberg Ellison | Director Trustee or director | 1 | $17,202 |
| Evan Louden | President Trustee or director, Officer | 5 | $0 |
| Karen Gut | Secretary Trustee or director, Officer | 2 | $0 |
| Wenjie Hu | Treasurer (Until of 6/30/25) Trustee or director, Officer | 2 | $0 |
| Elaine Dimopoulos | Vice President Trustee or director, Officer | 1 | $0 |
| Caroline Huang | Director Trustee or director, Officer | 1 | $0 |
| Laura Barnes | Director Trustee or director | 1 | $0 |
| Steve Cohen | Director Trustee or director | 1 | $0 |
| Amy Crafts | Director (Until of 6/30/25) Trustee or director | 1 | $0 |
| Shannah Frankam | Director Trustee or director | 1 | $0 |
| Meena | Director Trustee or director | 1 | $0 |
| Joe Rofino | Director Trustee or director | 1 | $0 |
| Ernest Sabine | Director Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS G FARRELL | Executive Director Highest-paid employee | 40 | $135,212 |
| Sarah Freiberg | Director Trustee or director | 1 | $18,008 |
| Evan Louden | President Trustee or director, Officer | 5 | $0 |
| Karen Gut | Secretary Trustee or director, Officer | 2 | $0 |
| Wenjie Hu | Treasurer Trustee or director, Officer | 2 | $0 |
| Elaine Dimopoulos | Vice President(As of 6/30/24) Trustee or director, Officer | 1 | $0 |
| Chris Wright | Vice President (Until 6/30/24) Trustee or director, Officer | 1 | $0 |
| Laura Barnes | Director Trustee or director | 1 | $0 |
| Steve Cohen | Director Trustee or director | 1 | $0 |
| Amy Crafts | Director Trustee or director | 1 | $0 |
| Shannah Frankam | Director Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GAVIN FARRELL | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $136,000 | $4,079 |
| SARAH FREIBERG | DIRECTOR/TEACHER Trustee or director | 4.4 | $19,188 | $0 |
| KAREN GUT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| STEVE COHEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER WRIGHT | DIRECTOR/VICE-PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| SHANNAH HALL FRANKAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| WENJIE HU | TREASURER AND DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| LAURA BARNES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AMY CRAFTS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELAINE DIMOPOULOS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ERNEST SABINE | DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| EVAN LOUDEN | PRESIDENT AND DIRECTOR Trustee or director | 5 | $0 | $0 |
| CAROLINE HUANG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOSEPH ROFINE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 160 LEXINGTON ST, BELMONT, MA 02478-1240
- Principal officer (990 for 2024)
- EVAN LOUDEN, PO BOX 398 160 LEXINGTON STREET, BELMONT, MA 02478
- Signed the 990
- EVAN LOUDEN, PRESIDENT
- Phone
- (617) 484-4696
- Website
- www.powersmusic.org
- Return prepared by
- RYAN & COSCIA PC
Mission
TO PROVIDE MEMBERS OF THE COMMUNITY AND STUDENTS OF ALL AGES WITH ACCESS TO THE HIGHEST CALIBER OF MUSIC EDUCATION AND INSTRUCTION PROGRAM THAT FOSTER A LIFELONG APPRECIATION OF MUSIC.
Program accomplishments
- MUSIC INSTRUCTION FOR ALL AGES INCLUDING THREE SUMMER DAY PROGRAMS.DURING THE YEAR, APPROXIMATELY 900 STUDENTS RECEIVED INSTRUCTION.Expenses $1,647,317 · revenue $1,855,142
- OTHER INCOME FROM PROGRAM RELATED SOURCESrevenue $1,150
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 04-2580633
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6E0)
- Assets (IRS master file)
- $4,159,524
- Income (IRS master file)
- $2,465,753
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,107,728 | $2,198,789 | $4,159,524 | XML |
| 990 | August 2024 | $2,399,970 | $2,171,958 | $4,231,747 | XML |
| 990 | August 2023 | $2,157,104 | $2,061,418 | $3,968,190 | XML |
| 990 | August 2022 | $1,839,349 | $1,725,160 | $1,962,924 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 04-2580633).
Questions about POWERS MUSIC SCHOOL INC
- What is the EIN of POWERS MUSIC SCHOOL INC?
- The employer identification number (EIN) of POWERS MUSIC SCHOOL INC is 04-2580633.
- Is POWERS MUSIC SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to POWERS MUSIC SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POWERS MUSIC SCHOOL INC 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 POWERS MUSIC SCHOOL INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWERS MUSIC SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of POWERS MUSIC SCHOOL INC?
- The 990 for the year ended August 31, 2025 names EVAN LOUDEN.
- Who are the officers and directors of POWERS MUSIC SCHOOL INC?
- The 990 for the year ended August 31, 2025 lists 14 people; 2 received compensation from the organization, the highest $143,578 (THOMAS G FARRELL, Executive Director).
- How much revenue does POWERS MUSIC SCHOOL INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,107,728, expenses of $2,198,789 and total assets of $4,159,524 at year end.
Other nonprofits in BELMONT
- SALT LICK INCUBATOR INCORPORATED EIN 88-2523319 · last filed 990 for 2025
- BELMONT NEWS FOUNDATION INC EIN 92-3493154 · last filed 990 for 2024
- BELMONT COMMUNITY MEDIA CENTER INC EIN 11-3752662 · last filed 990 for 2025
- MIHO BELMONT INTERNATIONAL INC EIN 81-1424117 · last filed 990 for 2024
- SHISHU BHARTI SCHOOL INC EIN 04-2638805 · last filed 990 for 2025
- LEXINGTON CHINESE SCHOOL INC EIN 04-3307015 · last filed 990 for 2024
- DUNYA INC EIN 20-1706407 · last filed 990 for 2025
- HUNGARIAN SOCIETY OF MASSACHUSETTS INC EIN 23-7323821 · last filed 990-EZ for 2025
All nonprofits in BELMONT · Massachusetts · Arts, culture and humanities