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Nonprofit · EIN 23-7254943

ROME FESTIVAL ORCHESTRA LTD

Tax-exempt · LUQUILLO, PR 00773

Financials

$73K$37K2023$96K$32K2024
Revenue Expenses · by fiscal year end
Financials of ROME FESTIVAL ORCHESTRA LTD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$95,832$32,012$63,820$163,255$0$163,255
December 31, 2023990$72,673$37,165$35,508$152,879$0$152,879
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,750
Program service revenue
$17,750
Investment income
$48,332
Net gain from sales of assets
$45,709
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$750
Occupancy
$13,742
Travel
$4,675
Program services (functional)
$32,012

Balance sheet and other

Total assets, start of year
$152,879
Total assets, end of year
$163,255
Total liabilities, end of year
$0
Net assets, end of year
$163,255
Publicly traded securities
$106,141
Gross receipts
$390,918
Employees
0
Volunteers
0
Year formed
1971
State of legal domicile
MD

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.

NameTitleHours / weekCompensation
J JEANNETTE FERRELLSECRETARY-TREAS
Trustee or director, Officer
2$0
MR DONATO SORANNOTRUSTEE
Trustee or director
0$0
MR C RAY BARBERTRUSTEE
Trustee or director
0$0
JOSEPH POSKAYTRUSTEE
Trustee or director
0$0
MRS CHRISTIAN DAVISPRESIDENT
Officer
1$0
PATRICIA PATEVICE-PRESIDENT
Officer
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
J JEANNETTE FERRELLSECRETARY-TREAS
Trustee or director, Officer
2$0
MR DONATO SORANNOTRUSTEE
Trustee or director
0$0
MR C RAY BARBERTRUSTEE
Trustee or director
0$0
JOSEPH POSKAYTRUSTEE
Trustee or director
0$0
MRS CHRISTIAN DAVISPRESIDENT
Officer
1$0
PATRICIA PATEVICE-PRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
1COND PLAYA AZUL 1 1303, LUQUILLO, PR 00773-0000
Principal officer (990 for 2024)
JEANNETTE FERRELL, 1COND PLAYA AZUL 1 1303, LUQUILLO, PR 00773
Signed the 990
JEANNETTE FERRELL, SECRETARY-TREASURER
Phone
(908) 233-7214

Mission

OPERATING A SCHOOL FOR THE PROFESSIONAL LEVEL EDUCATION OF CLASSICAL MUSICIANS, OPERA SINGERS, CHORAL SINGERS, AND BALLET DANCERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ROME FESTIVAL ORCHESTRA, LTD. CONTINUED PHASE TWO OF OPENING IN PUERTO RICO A BRANCH OF THE PRIVATE SCHOOL IT HAS IN ROME, ITALY. THE BRANCH IN PUERTO RICO WILL OPERATE ON A FORMAL BASIS AS A PRIVATE SCHOOL OFFERING A REGULAR PROFESSIONAL LEVEL CURRICULUM THROUGH A CADRE OF ARTIST-TEACHERS TO ITS STUDENT BODY OF HIGHLY QUALIFIED CLASSICAL MUSICIANS, OPERA SINGERS, CHORAL SINGERS AND BALLET DANCERS BY PROVIDING MASTER-CLASSES,COACHING SESSIONS, SEMINARS, VISITATIONS, COUNSELING, ENCOUNTER GROUPS, REHEARSING AND PERFORMING. THESE STUDENTS ARE FURTHER TRAINED TO BE MORE EXPRESSIVE IN THEIR OWN MUSIC-MAKING BY EXPOSING THEM WHILE IN PUERTO RICO TO PRIMARY SOURCE EXAMPLES OF GREAT ART OF BOTH THE VISUAL AND STAGE MEDIA: I.E., PAINTING, SCULPTURE, ARCHITECTURE, AND OPERA. WHEN FULLY OPERATIONAL THE NUMBER OF PEOPLE PARTICIPATING IN THESE ACTIVITIES WILL INCLUDE 10 ARTIST-TEACHERS AND NON TEACHING EMPLOYEES WHO WILL BE PAID ON A FEE BASIS, 5 VOLUNTEERS WHO RECEIVE NO REMUNERATION, 19-39 STUDENT MUSICIANS WHO WILL PAY SUBSIDIZED FEES. MOST OF THE STUDENT MUSICIANS WILL BE PUERTO RICAN. STUDENTS FROM OUTSIDE PUERTO RICO WILL INCLUDE AFRICAN-AMERICANS, ASIAN-AMERICANS, AND EUROPEAN-AMERICANS.
    Expenses $16,750 · revenue $34,750
  • DESPITE THE NATURAL DISASTERS TO THE ISLAND, RESEARCH CONTINUED INTO HOW THE ROME FESTIVAL ORCHESTRA'S MUSIC LIBRARY COULD BEST SERVE SYMPHONY ORCHESTRAS, OPERA GROUPS, MUSIC CONSERVATORIES, AND INDIVIDUAL CLASSICAL MUSICIANS. WHEN FULLY FUNCTIONAL THE LIBRARY WILL SERVE CLASSICAL MUSIC ENSEMBLES IN PUERTO RICO INCLUDING THE PUERTO RICAN SYMPHONY, PUERTO RICAN CONSERVATORY, ROME FESTIVAL ORCHESTRA AND OPERA INSTITUTE IN PUERTO RICO, AND NUMEROUS MUSIC EDUCATION PROGRAMS IN PUERTO RICO.
    Expenses $11,787 · revenue $27,332
  • CLASSICAL MUSIC AUDIENCE DEVELOPMENT PRINCIPALLY OUTSIDE SAN JUAN, PUERTO RICO BUT ALSO IN SAN JUAN.
    Expenses $3,475 · revenue $4,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7254943
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
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$163,255
Income (IRS master file)
$390,918

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$95,832$32,012$163,255XML
990December 2023$72,673$37,165$152,879XML
990December 2022$63,522$39,500$158,248IRS
990December 2021–––IRS
990December 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 23-7254943).

Questions about ROME FESTIVAL ORCHESTRA LTD

What is the EIN of ROME FESTIVAL ORCHESTRA LTD?
The employer identification number (EIN) of ROME FESTIVAL ORCHESTRA LTD is 23-7254943.
Is ROME FESTIVAL ORCHESTRA LTD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to ROME FESTIVAL ORCHESTRA LTD tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ROME FESTIVAL ORCHESTRA LTD 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 ROME FESTIVAL ORCHESTRA LTD 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 ROME FESTIVAL ORCHESTRA LTD 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 ROME FESTIVAL ORCHESTRA LTD?
The 990 for the year ended December 31, 2024 names JEANNETTE FERRELL.
Who are the officers and directors of ROME FESTIVAL ORCHESTRA LTD?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does ROME FESTIVAL ORCHESTRA LTD have?
On its 990 for the year ended December 31, 2024 it reported revenue of $95,832, expenses of $32,012 and total assets of $163,255 at year end.

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