Nonprofit · EIN 20-4421806
FOUNDATION MUSIC SCHOOL INC
Tax-exempt · FORT COLLINS, CO 80525
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,028,829 | $970,189 | $58,640 | $199,048 | $13,478 | $185,570 |
| August 31, 2024 | 990 | $828,855 | $946,738 | -$117,883 | $186,321 | $59,391 | $126,930 |
| August 31, 2023 | 990 | $743,253 | $824,895 | -$81,642 | $246,615 | $1,802 | $244,813 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $397,542
- Program service revenue
- $571,366
- Investment income
- $266
- Net income from fundraising events
- $41,048
- Other revenue
- $59,655
Expenses
- Grants and similar amounts paid
- $86,206
- Compensation of officers, directors and key employees
- $87,500
- Other salaries and wages
- $498,884
- Salaries, compensation and benefits (total)
- $663,397
- Professional fundraising fees
- $0
- Accounting fees
- $6,033
- Occupancy
- $133,064
- Depreciation
- $8,628
- Program services (functional)
- $728,498
- Management and general (functional)
- $177,371
- Fundraising (functional)
- $64,320
Balance sheet and other
- Total assets, start of year
- $186,321
- Total assets, end of year
- $199,048
- Total liabilities, end of year
- $13,478
- Net assets, end of year
- $185,570
- Land, buildings and equipment
- $103,631
- Net assets without donor restrictions
- $185,570
- Gross receipts
- $1,032,781
- Employees
- 30
- Volunteers
- 5
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 | Other / benefits |
|---|---|---|---|---|
| STEPHEN BRACKETT | EXECUTIVE DI Officer | 40 | $80,000 | $7,500 |
| NATHAN BUDD | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARY CLAXTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE JAMES HAUSER | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL SHOVER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AARON ZAASKE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN BRACKETT | EXECUTIVE DI Officer | 40 | $53,333 | $8,000 |
| NATHAN BUDD | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| MARY CLAXTON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| KYLE JAMES HAUSER | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| MICHAEL SHOVER | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| AARON ZAASKE | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
990 for the year ended August 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN PARSELL | EXECUTIVE DI Officer | 40 | $49,525 | $9,486 |
| BRAD CHARLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KYLE JAMES HAUSER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NYLE KENNING | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER POWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL SHOVER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TAMI UCTUK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN BRACKETT | EXECUTIVE DI Officer | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3663 S COLLEGE AVE UNIT 13, FORT COLLINS, CO 80525-3031
- In care of
- % KELLY MCCALLUM
- Principal officer (990 for 2024)
- STEPHEN BRACKETT, 3663 SOUTH COLLEGE UNIT 13, FORT COLLINS, CO 80525
- Signed the 990
- STEPHEN BRACKETT, EXECUTIVE DIRECTOR
- Phone
- (970) 407-9084
- Return prepared by
- A WYCH TAX & ACCOUNTING LLC
Mission
WE PROVIDE EMPOWERING MUSIC EDUCATION AND THERAPY SERVICES TO HELP PEOPLE REACH THEIR FULL POTENTIAL.
Program accomplishments
- EARLY CHILDHOOD, INSTRUMENT, OUTREACH AND SPECIAL NEEDS PROGRAMS - PROVIDING MUSIC & MOVEMENT PROGRAMS, INSTRUMENT LESSONS, ADAPTIVE LESSONS AND PRIVATE MUSIC THERAPY SERVICES TO STUDENTS AGES FROM BIRTH THRU ADULT. PROGRAMS ARE OFFERED IN SEVERAL DIFFERENT VENUES INCLUDING SUMMER CAMP AND POUDRE INDEPENDENT SCHOOL DISTRICT CLASSES. NEED-BASED SCHOLARSHIPS ARE PROVIDED TO LOW-INCOME/AT RISK STUDENTS.Expenses $728,498 · grants $86,206 · revenue $571,366
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
- 20-4421806
- 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
- 2006
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $199,048
- Income (IRS master file)
- $1,032,781
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,028,829 | $970,189 | $199,048 | XML |
| 990 | August 2024 | $828,855 | $946,738 | $186,321 | IRS |
| 990 | August 2023 | $743,253 | $824,895 | $246,615 | XML |
| 990 | August 2022 | $861,230 | $809,468 | $326,525 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
| 990 | August 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 20-4421806).
Questions about FOUNDATION MUSIC SCHOOL INC
- What is the EIN of FOUNDATION MUSIC SCHOOL INC?
- The employer identification number (EIN) of FOUNDATION MUSIC SCHOOL INC is 20-4421806.
- Is FOUNDATION MUSIC SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FOUNDATION MUSIC SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION MUSIC SCHOOL INC?
- The 990 for the year ended August 31, 2025 names STEPHEN BRACKETT.
- Who are the officers and directors of FOUNDATION MUSIC SCHOOL INC?
- The 990 for the year ended August 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $80,000 (STEPHEN BRACKETT, EXECUTIVE DI).
- How much revenue does FOUNDATION MUSIC SCHOOL INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,028,829, expenses of $970,189 and total assets of $199,048 at year end.
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All nonprofits in FORT COLLINS · Colorado · Arts, culture and humanities