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Nonprofit · EIN 26-0295209

SARASVATI MUSIC ACADEMY

Tax-exempt · WOODLAND HILLS, CA 91364

Financials

$12K$27K2023
Revenue Expenses · by fiscal year end
Financials of SARASVATI MUSIC ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2024990$12,105$26,977-$14,872$0$0$0
Financial details: 990 for the year ended May 31, 2024

Revenue

Contributions, gifts and grants
$3,705
Program service revenue
$0
Investment income
$8,400
Net gain from sales of assets
$8,400
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$16,357
Salaries, compensation and benefits (total)
$16,357
Professional fundraising fees
$0
Occupancy
$8,970
Program services (functional)
$8,970
Management and general (functional)
$18,007

Balance sheet and other

Total assets, start of year
$20,246
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets, end of year
$0
Gross receipts
$13,755
Employees
0
Year formed
2007
State of legal domicile
CA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Rakhima RybakPresident
Trustee or director, Officer
25$0
Igor RybakTreasurer
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
4201 TOPANGA CYN BLVD SPC 191, WOODLAND HILLS, CA 91364-5228
In care of
% IGOR RYBAK
Mailing address (990-N for 2010)
4201 Topanga Canyon Blvd 191, Woodland Hills CA 91364
Principal officer (990 for 2023)
Igor Rybak, 4201 Topanga Cyn Blvd SPC 191, Woodland Hills, CA 91364
Principal officer (990-N for 2010)
Rakhima Rybak, 4201 Topanga Canyon Blvd 191, Woodland Hills CA 91364
Signed the 990
Igor Rybak, Treasurer
Phone
(818) 915-1873

California records

California keeps its own records of charities and corporations. Search them by EIN 26-0295209 or by the name SARASVATI MUSIC ACADEMY.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

MUSIC EDUCATION PROGRAM, providing high quality music education to local communities.

990 for the year ended May 31, 2024

Program accomplishments

  • Occupancy and other expenses
    Expenses $8,970

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

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

IRS record

EIN
26-0295209
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
2007
Accounting year ends
May
Files
Form 990-N (e-Postcard)
Income (IRS master file)
$13,755

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2024$12,105$26,977$0IRS
990May 2023$5,561$3,020$20,246IRS
990May 2022–––IRS
990May 2021–––IRS
990-N for 2010
Officer: Rakhima Rybak
May 31, 2011≤ $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 26-0295209).

Questions about SARASVATI MUSIC ACADEMY

What is the EIN of SARASVATI MUSIC ACADEMY?
The employer identification number (EIN) of SARASVATI MUSIC ACADEMY is 26-0295209.
Is SARASVATI MUSIC ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to SARASVATI MUSIC ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SARASVATI MUSIC ACADEMY file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of SARASVATI MUSIC ACADEMY 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 SARASVATI MUSIC ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2024.
Who is the principal officer of SARASVATI MUSIC ACADEMY?
The 990 for the year ended May 31, 2024 names Igor Rybak.
Who are the officers and directors of SARASVATI MUSIC ACADEMY?
The 990 for the year ended May 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does SARASVATI MUSIC ACADEMY have?
On its 990 for the year ended May 31, 2024 it reported revenue of $12,105, expenses of $26,977 and total assets of $0 at year end.

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