Nonprofit · EIN 04-2598978
NEW SCHOOL OF MUSIC INC
Tax-exempt · CAMBRIDGE, MA 02138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $627,537 | $597,157 | $30,380 | $436,687 | $170,311 | $266,376 |
| August 31, 2024 | 990 | $543,921 | $576,024 | -$32,103 | $379,021 | $143,027 | $235,994 |
| August 31, 2023 | 990 | $589,935 | $545,187 | $44,748 | $439,355 | $171,258 | $268,097 |
| August 31, 2022 | 990 | $531,553 | $524,904 | $6,649 | $415,993 | $192,644 | $223,349 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $98,092
- Program service revenue
- $523,937
- Investment income
- $38
- Net rental income
- $5,470
- Other revenue
- $5,470
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $366,395
- Salaries, compensation and benefits (total)
- $396,715
- Professional fundraising fees
- $0
- Accounting fees
- $12,000
- Occupancy
- $81,065
- Depreciation
- $4,133
- Program services (functional)
- $278,692
- Management and general (functional)
- $318,465
Balance sheet and other
- Total assets, start of year
- $379,021
- Total assets, end of year
- $436,687
- Total liabilities, end of year
- $170,311
- Net assets, end of year
- $266,376
- Land, buildings and equipment
- $14,869
- Net assets without donor restrictions
- $266,376
- Gross receipts
- $627,537
- Employees
- 17
- Year formed
- 1976
- 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 |
|---|---|---|---|
| LINDA AGLIO | TRUSTEE Trustee or director, Officer | – | $0 |
| CHRISTINA ENGLISH | TRUSTEE Trustee or director, Officer | – | $0 |
| EIRENE KONTOPOULOS | TRUSTEE Trustee or director, Officer | – | $0 |
990 for the year ended August 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA AGLIO | TRUSTEE Trustee or director, Officer | – | $0 |
| CHRISTINA ENGLISH | TRUSTEE Trustee or director, Officer | – | $0 |
| EIRENE KONTOPOULOS | TRUSTEE Trustee or director, Officer | – | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE RIESENFELD | EXECUTIVE DI Trustee or director | – | $0 |
| ALYSSA LEE | TRUSTEE Institutional trustee | – | $0 |
| DOROTHY MILLER | TRUSTEE Institutional trustee | – | $0 |
| LINDA AGLIO | TRUSTEE Officer | – | $0 |
990 for the year ended August 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLINE DROZDIAK | EXECUTIVE DI Former | – | $47,750 |
| ANNE RIESENFELD | EXECUTIVE DI Trustee or director | – | $0 |
| ALYSSA LEE | TRUSTEE Institutional trustee | – | $0 |
| DOROTHY MILLER | TRUSTEE Institutional trustee | – | $0 |
| LINDA AGLIO | TRUSTEE Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 25 LOWELL ST, CAMBRIDGE, MA 02138-4725
- Principal officer (990 for 2024)
- ANNE RIESENFELD, 25 LOWELL ST, CAMBRIDGE, MA 02138
- Signed the 990
- ANNE RIESENFELD, EXECUTIVE DIRECTOR
- Phone
- (617) 492-8105
- Website
- NEWSCHOOLOFMUSIC.ORG
- Return prepared by
- MCLARNEY & COMPANY LLC
Mission
PROVIDE HIGH QUALITY MUSIC INSTRUCTION AND ACCESS IN A VARIETY OF MUSICAL FORMS, INCLUDING CLASSICAL, JAZZ, POP , AND WORLD MUSIC FOR STUDENTS OF ALL AGES, LEVELS OF TRAINING AND FINANCIAL MEANS.
Program accomplishments
- COMMUNITY MUSIC SCHOOL WHICH OFFERS INSTRUCTION IN VOICE AND INSTRUMENTS TO APPROXIMATELY 325 STUDENTSExpenses $278,692
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
- 04-2598978
- 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)
- $436,687
- Income (IRS master file)
- $627,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $627,537 | $597,157 | $436,687 | XML |
| 990 | August 2024 | $543,921 | $576,024 | $379,021 | XML |
| 990 | August 2023 | $589,935 | $545,187 | $439,355 | XML |
| 990 | August 2022 | $531,553 | $524,904 | $415,993 | XML |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 04-2598978).
Questions about NEW SCHOOL OF MUSIC INC
- What is the EIN of NEW SCHOOL OF MUSIC INC?
- The employer identification number (EIN) of NEW SCHOOL OF MUSIC INC is 04-2598978.
- Is NEW SCHOOL OF MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to NEW SCHOOL OF MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW SCHOOL OF MUSIC 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 NEW SCHOOL OF MUSIC 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 NEW SCHOOL OF MUSIC 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 NEW SCHOOL OF MUSIC INC?
- The 990 for the year ended August 31, 2025 names ANNE RIESENFELD.
- Who are the officers and directors of NEW SCHOOL OF MUSIC INC?
- The 990 for the year ended August 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW SCHOOL OF MUSIC INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $627,537, expenses of $597,157 and total assets of $436,687 at year end.
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