Nonprofit · EIN 26-3463598
SALT LAKE MUSIC SCHOOL FOUNDATION
Tax-exempt (reinstated) · SLC, UT 84102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,665,925 | $1,506,679 | $159,246 | $1,759,038 | $697,717 | $1,061,321 |
| August 31, 2024 | 990 | $339,397 | $295,983 | $43,414 | $1,686,597 | $784,522 | $902,075 |
| May 31, 2024 | 990 | $1,447,252 | $1,306,080 | $141,172 | $1,628,475 | $731,180 | $897,295 |
| May 31, 2023 | 990 | $1,410,093 | $1,697,413 | -$287,320 | $1,610,994 | $865,516 | $745,478 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,038,510
- of which government grants
- $148,580
- Program service revenue
- $622,336
- Investment income
- $9,009
- Net gain from sales of assets
- $2,605
- Net income from fundraising events
- -$3,930
- Other revenue
- -$3,930
Expenses
- Grants and similar amounts paid
- $300
- Compensation of officers, directors and key employees
- $148,796
- Other salaries and wages
- $888,937
- Salaries, compensation and benefits (total)
- $1,147,599
- Professional fundraising fees
- $80,272
- Accounting fees
- $39,488
- Occupancy
- $49,097
- Travel
- $4,638
- Depreciation
- $25,694
- Program services (functional)
- $1,057,768
- Management and general (functional)
- $289,473
- Fundraising (functional)
- $159,438
Balance sheet and other
- Total assets, start of year
- $1,686,597
- Total assets, end of year
- $1,759,038
- Total liabilities, end of year
- $697,717
- Net assets, end of year
- $1,061,321
- Land, buildings and equipment
- $1,404,068
- Publicly traded securities
- $85,875
- Net assets without donor restrictions
- $858,291
- Net assets with donor restrictions
- $203,030
- Gross receipts
- $1,712,819
- Employees
- 63
- Volunteers
- 124
- Year formed
- 2009
- State of legal domicile
- UT
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 |
|---|---|---|---|---|
| EUGENE WATANABE | EXECUTIVE D Officer | 40 | $86,055 | $12,710 |
| LEEANN MORGAN | EXECUTIVE DI Officer | 40 | $5,294 | $0 |
| DIANA PETERSON | CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| RICHARD TAYLOR | VICE CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| SAM ANDERSEN | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| STUART TRUMAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BARRY BICKMORE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ANDRE BUENO | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ART DUMMER | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| SCOTT EPSTEIN | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| BREE FOTHERINGHAM | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RACHAEL IVORY | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| ARMAND JOHANSEN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DEBORAH MOENCH | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| DAVID PETERSEN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRETT PETERSON | BOARD MEMBER Trustee or director | 5 | $0 |
| KAREN PETERSON | BOARD MEMBER Trustee or director | 5 | $0 |
| GREG TRIMBLE | BOARD MEMBER Trustee or director | 5 | $0 |
| JOSH WHISENANT | BOARD MEMBER Trustee or director | 10 | $0 |
990 for the year ended August 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EUGENE WATANABE | EXECUTIVE D Officer | 50 | $0 | $4,089 |
| DIANA PETERSON | CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| RICHARD TAYLOR | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| SAM ANDERSON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ART DUMMER | PAST CHAIR Trustee or director | 10 | $0 | $0 |
| DEBORAH MOENCH | BOARD MEMBER Trustee or director | 20 | $0 | $0 |
| KAREN PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARRY BICKMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RACHAEL IVORY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG TRIMBLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOSH WHISENANT | BOARD MEMBER Trustee or director | 7 | $0 | $0 |
990 for the year ended May 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EUGENE WATANABE | EXECUTIVE D Officer | 70 | $88,478 | $13,416 |
| JUSTIN MORGAN | EXECUTIVE DI Officer | 40 | $57,200 | $0 |
| DIANA PETERSON | CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| RICHARD TAYLOR | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| SAM ANDERSON | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| ART DUMMER | PAST CHAIR Trustee or director | 20 | $0 | $0 |
| DEBORAH MOENCH | BOARD MEMBER Trustee or director | 30 | $0 | $0 |
| KAREN PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARRY BICKMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RACHAEL IVORY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG TRIMBLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOSH WHISENANT | BOARD MEMBER Trustee or director | 7 | $0 | $0 |
990 for the year ended May 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Heather Moore | Executive Dir. Officer | 40 | $90,127 | $6,293 |
| Eugene Watanabe | Trustee Trustee or director | 2 | $80,773 | $6,293 |
| Justin Morgan | Interim Ex Dir. Officer | 40 | $64,230 | $0 |
| Joanne Rowland | Secretary Trustee or director, Officer | 2 | $3,579 | $0 |
| Arthur Dummer | Chairman Trustee or director, Officer | 6 | $0 | $0 |
| Scott Huntsman | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Debbie Moench | Trustee Trustee or director | 2 | $0 | $0 |
| Diana Peterson | Trustee Trustee or director | 2 | $0 | $0 |
| Sam Anderson | Trustee Trustee or director | 2 | $0 | $0 |
| Dr JP Hughes | Trustee Trustee or director | 2 | $0 | $0 |
| Scott Epstein | Trustee Trustee or director | 2 | $0 | $0 |
| Rinar Erickson | Trustee Trustee or director | 2 | $0 | $0 |
| Gary Larson | Trustee Trustee or director | 2 | $0 | $0 |
| Michelle Wester | Trustee Trustee or director | 2 | $0 | $0 |
| Jennifer Zemp | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 182 S 600 E, SLC, UT 84102-2060
- Principal officer (990 for 2024)
- RICHARD TAYLOR, 182 S 600 E, SALT LAKE CITY, UT 84102
- Signed the 990
- RICHARD TAYLOR, PRESIDENT
- Phone
- (385) 222-7787
- Website
- HTTP://GIFTEDMUSICSCHOOL.ORG
- Return prepared by
- BOUNTIFUL PEAK ADVISORS
Mission
GIFTED MUSIC SCHOOL NURTURES THE ARTISTRY, CHARACTER, AND SKILLS VITAL TO A HEALTHY COMMUNITY THROUGH EXCEPTIONAL COMPREHENSIVE MUSIC EDUCATION.
Program accomplishments
- CONSERVATORY: THE CONSERVATORY IS A PRESTIGIOUS,INTERNATIONAL-LEVEL PROGRAM DESIGNED FOR PASSIONATE AND DEDICATED MUSIC STUDENTS AGED EIGHT TO EIGHTEEN. ADMITTANCE IS BY AUDITION ONLY, ENSURING THAT EACH STUDENT JOINS A COMMUNITY OF LIKE-MINDED PEERS WHO SHARE A DEEP COMMITMENT TO THEIR CRAFT. THE PROGRAM OFFERS AN INSPIRED LEARNING ENVIRONMENT WHERE STUDENTS ARE NOT ONLY GUIDED BY WORLD-RENOWNED FACULTY BUT ARE ALSO MOTIVATED BY THE COLLECTIVE EXCELLENCE OF THEIR FELLOW STUDENTS. DURING FY25, THE CONSERVATORY PROGRAM EXPANDED CURRICULUM, DEVELOPED PARTNERSHIPS, HOSTED 13 RENOWNED MUSICIANS FOR MASTERCLASSES, AND GRADUATED 10 SENIORS WITH A 100% COLLEGE ACCEPTANCE RATE. CONSERVATORY STUDENTS EARNED MANY STATE, NATIONAL, AND INTERNATIONAL COMPETITIVE DISTINCTIONS.Expenses $335,017 · grants $300 · revenue $116,804
- MUSIC ACADEMY: THE MUSIC ACADEMY PROGRAM OFFERS INDIVIDUAL AND GROUP LESSONS AVAILABLE FOR TWELVE INSTRUMENTS. LESSONS ARE DESIGNED TO INSPIRE, CHALLENGE, AND NURTURE EVERY STUDENT. WITH EXPERT INSTRUCTION BOTH ONLINE AND IN-PERSON, STUDENTS ENJOY A PERSONALIZED LEARNING EXPERIENCE THAT FITS THEIR SCHEDULE AND GOALS. DURING FY25, MUSIC ACADEMY PROVIDED OVER 6,000 PRIVATE LESSONS AND 244 GROUP CLASS SESSIONS, REPRESENTING PARTICIPATION FROM 176 FAMILIES. MUSIC ACADEMY ALSO STRENGTHENED ITS PRESCHOOL, JAZZ, AND SUZUKI COURSES.Expenses $514,647 · revenue $390,657
- GRIT: GRIT (GROWTH, RESILIENCE, INSTINCT, TENACITY), IS A PROGRAM THAT DELIVERS DAILY,HIGH-QUALITY MUSIC INSTRUCTION TO NEARLY 500 STUDENTS AT THREE TITLE I PARTNER SCHOOLS. GRIT HELPS CLOSE THE OPPORTUNITY GAP BY PROVIDING LIFE-CHANGING ACCESS TO MUSIC EDUCATION FOR AT-RISK YOUTH. STUDENTS SHOW MEASURABLE ACADEMIC AND PERSONAL GROWTH. GRIT INSTRUCTION EMPHASIZES EFFORT, CURIOSITY, AND GROWTH OVER PRESSURE.Expenses $185,924 · revenue $110,872
- OTHER PROGRAMSExpenses $22,180 · revenue $4,003
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
- 26-3463598
- 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
- 2021
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $1,759,038
- Income (IRS master file)
- $1,712,819
Revocation and reinstatement
- Exemption revoked
- October 15, 2020
- Posted by the IRS
- February 8, 2021
- Reinstated
- Effective October 15, 2020
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 | August 2025 | $1,665,925 | $1,506,679 | $1,759,038 | XML |
| 990 | August 2024 | $339,397 | $295,983 | $1,686,597 | XML |
| 990 | May 2024 | $1,447,252 | $1,306,080 | $1,628,475 | XML |
| 990 | May 2023 | $1,410,093 | $1,697,413 | $1,610,994 | XML |
| 990 | May 2022 | $1,620,833 | $1,147,735 | $1,998,062 | IRS |
| 990 | May 2021 | $958,058 | $1,137,763 | $1,968,957 | 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 26-3463598).
Questions about SALT LAKE MUSIC SCHOOL FOUNDATION
- What is the EIN of SALT LAKE MUSIC SCHOOL FOUNDATION?
- The employer identification number (EIN) of SALT LAKE MUSIC SCHOOL FOUNDATION is 26-3463598.
- Is SALT LAKE MUSIC SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on October 15, 2020 and reinstated it effective October 15, 2020.
- Are donations to SALT LAKE MUSIC SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALT LAKE MUSIC SCHOOL FOUNDATION 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 SALT LAKE MUSIC SCHOOL FOUNDATION 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 SALT LAKE MUSIC SCHOOL FOUNDATION 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 SALT LAKE MUSIC SCHOOL FOUNDATION?
- The 990 for the year ended August 31, 2025 names RICHARD TAYLOR.
- Who are the officers and directors of SALT LAKE MUSIC SCHOOL FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 19 people; 2 received compensation from the organization, the highest $86,055 (EUGENE WATANABE, EXECUTIVE D).
- How much revenue does SALT LAKE MUSIC SCHOOL FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,665,925, expenses of $1,506,679 and total assets of $1,759,038 at year end.
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