Nonprofit · EIN 11-2642391
MUSICAL FUND SOCIETY FOUNDATION INC
Tax-exempt (reinstated) · PHILADELPHIA, PA 19110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $54,839 | $41,104 | $13,735 | $581,304 | $1,754 | $579,550 |
| May 31, 2024 | 990 | $28,686 | $16,670 | $12,016 | $549,857 | $5,579 | $544,278 |
| May 31, 2023 | 990 | $21,088 | $41,487 | -$20,399 | $467,711 | $225 | $467,486 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $13,110
- Program service revenue
- $5,154
- Investment income
- $36,575
- Net gain from sales of assets
- $10,174
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $36,150
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,450
- Program services (functional)
- $36,150
- Management and general (functional)
- $4,954
Balance sheet and other
- Total assets, start of year
- $549,857
- Total assets, end of year
- $581,304
- Total liabilities, end of year
- $1,754
- Net assets, end of year
- $579,550
- Publicly traded securities
- $547,078
- Net assets without donor restrictions
- $579,550
- Gross receipts
- $54,839
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1983
- State of legal domicile
- PA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA REICHERT | PRESIDENT Trustee or director, Officer | 4 | $0 |
| LISA MILLER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| NANCY DRYE | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVID WEBBER | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT BLACKSBURG | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended May 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Reichert | President Trustee or director, Officer | 4 | $0 |
| Lisa Miller | Vice President Trustee or director, Officer | 2 | $0 |
| Nancy Drye | Treasurer Trustee or director, Officer | 2 | $0 |
| David Webber | Secretary Trustee or director, Officer | 2 | $0 |
| Robert Blacksberg | Director Trustee or director | 2 | $0 |
990 for the year ended May 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA REICHERT | PRESIDENT Trustee or director, Officer | 4 | $0 |
| LISA MILLER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| NANCY DRYE | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVID WEBBER | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT BLACKSBERG | DIRECTOR Trustee or director | 2 | $0 |
| PETER BURWASSER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22464, PHILADELPHIA, PA 19110-2464
- In care of
- % SUSAN BENTON CLOVER ACCOUNT
- Mailing address (990-N for 2013)
- PO BOX 22464, PHILADELPHIA PA 19110
- Principal officer (990 for 2024)
- NANCY DRYE, PO BOX 22464, PHILADELPHIA, PA 19110
- Principal officer (990-N for 2013)
- Janelle Mccoy, P o Box 22464, philadelphia PA 19110
- Signed the 990
- NANCY DRYE, TREASURER
- Phone
- (215) 425-2231
- Website
- MUSICALFUNDSOCIETY.ORG
- Return prepared by
- RUOTOLO SPEWAK & CO
Mission
TO RECEIVE AND DISBURSE FUND FOR THE PUBLIC GOOD IN ALL MATTERS RELATING TO MUSIC.
Program accomplishments
- TO RECEIVE AND DISBURSE FUNDS FOR THE PUBLIC GOOD IN ALL MATTERS RELATING TO MUSIC, MUSICAL EDUCATION AND MUSICAL SKILL; TO THE ART, SCIENCE, AND HISTORY OF MUSIC; BY THE WIDER DIFFUSION OF TASTE AND INTEREST IN MUSIC; AND GRANTMAKING.Expenses $36,150 · grants $36,150 · revenue $5,154
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2642391
- 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
- 2012
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $581,304
- Income (IRS master file)
- $54,839
Revocation and reinstatement
- Exemption revoked
- October 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective October 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $54,839 | $41,104 | $581,304 | XML |
| 990 | May 2024 | $28,686 | $16,670 | $549,857 | XML |
| 990 | May 2023 | $21,088 | $41,487 | $467,711 | XML |
| 990 | May 2022 | $97,151 | $10,950 | $502,124 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
| 990-EZ | May 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Janelle Mccoy | May 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 11-2642391).
Questions about MUSICAL FUND SOCIETY FOUNDATION INC
- What is the EIN of MUSICAL FUND SOCIETY FOUNDATION INC?
- The employer identification number (EIN) of MUSICAL FUND SOCIETY FOUNDATION INC is 11-2642391.
- Is MUSICAL FUND SOCIETY FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on October 15, 2010 and reinstated it effective October 15, 2010.
- Are donations to MUSICAL FUND SOCIETY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSICAL FUND SOCIETY FOUNDATION 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 MUSICAL FUND SOCIETY FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSICAL FUND SOCIETY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MUSICAL FUND SOCIETY FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names NANCY DRYE.
- Who are the officers and directors of MUSICAL FUND SOCIETY FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MUSICAL FUND SOCIETY FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $54,839, expenses of $41,104 and total assets of $581,304 at year end.
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