Nonprofit · EIN 13-3471757
HIPS ROAD INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,004,573 | $816,772 | $187,801 | $2,620,140 | $529 | $2,619,611 |
| December 31, 2023 | 990 | $1,288,236 | $1,001,868 | $286,368 | $2,452,264 | $20,454 | $2,431,810 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $74,106
- Program service revenue
- $918,342
- Investment income
- $12,125
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,000
- Other salaries and wages
- $2,250
- Salaries, compensation and benefits (total)
- $13,236
- Professional fundraising fees
- $0
- Accounting fees
- $6,700
- Depreciation
- $17,128
- Program services (functional)
- $751,571
- Management and general (functional)
- $65,201
Balance sheet and other
- Total assets, start of year
- $2,452,264
- Total assets, end of year
- $2,620,140
- Total liabilities, end of year
- $529
- Net assets, end of year
- $2,619,611
- Land, buildings and equipment
- $659,250
- Net assets without donor restrictions
- $2,619,611
- Gross receipts
- $1,004,573
- Employees
- 2
- Volunteers
- 18
- Year formed
- 1988
- State of legal domicile
- NY
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN ZORN | ARTISTIC DR Trustee or director, Officer | 45 | $40,000 |
| IKUE MORI | DIRECTOR Trustee or director, Officer | 40 | $14,813 |
| HEUNG HEUNG CHIN | SECRETARY Trustee or director, Officer | 2 | $14,200 |
| KAZUNORI SUGIYAMA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN ZORN | ARTISTIC DR Trustee or director, Officer | 45 | $40,000 |
| IKUE MORI | DIRECTOR Trustee or director, Officer | 40 | $21,562 |
| HEUNG HEUNG CHIN | SECRETARY Trustee or director, Officer | 2 | $14,750 |
| KAZUNORI SUGIYAMA | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 347 5TH AVE, NEW YORK, NY 10016-5010
- In care of
- % SAM J NOLE CPA
- Principal officer (990 for 2024)
- JOHN ZORN, 206 EAST 7TH ST, NEW YORK, NY 10009
- Signed the 990
- JOHN ZORN, PRESIDENT
- Phone
- (212) 682-0180
- Return prepared by
- SAM J NOLE CPA
Mission
TO FUND RECORDING ARTISTS AND COMPOSERS TO PROMOTE ARTISTIC DEVELOPMENT AND CULTURAL EXCHANGES
Program accomplishments
- TZADIK LABEL GRANT: TO PROVIDE FUNDS TO COMPOSERS AND RECORDING ARTISTS TO COMPLETE THEIR ORIGINAL COMPOSITIONS ACTIVITIES INCLUDE COVER DESIGN, MASTERING AND PRESSING.Expenses $498,355 · revenue $352,348
- ARCANA/AVANT LABEL/CHASE EDITION/COMPOSERS GRANT: TO PROVIDE FUNDING TO COMPOSERS AND RECORDING ARTISTS TO ENABLE THEM TO COMPLETE THEIR COMPOSITIONSExpenses $24,922 · revenue $14,063
- THE STONE WORKSHOP TO MAINTAIN AND SUPPORT THE PERFORMANCE OF EXPERIMENTAL AND AVANT-GARDE MUSIC.Expenses $9,000 · revenue $13,000
- OTHER PROGRAMS/PERFORMANCES/RECORDING/MUSIC PUBLISHING/LIBRARY/FILM/THE EMERGENCY MEDICAL FUND: TO SUPPORT RADICAL APPROACHES TO CREATIVITY AND UNFLAGGING DEVOTION TO THE CREATIVE ARTS. THE EMERGENCY MEDICAL FUND PROGRAM.Expenses $219,294 · revenue $416,558
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3471757
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $2,620,140
- Income (IRS master file)
- $1,004,573
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,004,573 | $816,772 | $2,620,140 | XML |
| 990 | December 2023 | $1,288,236 | $1,001,868 | $2,452,264 | XML |
| 990 | December 2022 | $755,801 | $606,095 | $2,158,396 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 13-3471757).
Questions about HIPS ROAD INC
- What is the EIN of HIPS ROAD INC?
- The employer identification number (EIN) of HIPS ROAD INC is 13-3471757.
- Is HIPS ROAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to HIPS ROAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIPS ROAD 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 HIPS ROAD INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIPS ROAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HIPS ROAD INC?
- The 990 for the year ended December 31, 2024 names JOHN ZORN.
- Who are the officers and directors of HIPS ROAD INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $40,000 (JOHN ZORN, ARTISTIC DR).
- How much revenue does HIPS ROAD INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,004,573, expenses of $816,772 and total assets of $2,620,140 at year end.
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