Nonprofit · EIN 27-0511461
NEW SCHOOL OF MUSIC INC
Also known as NEW SCHOOL OF MUSIC
Tax-exempt · AUSTIN, TX 78731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $213,031 | $229,886 | -$16,855 | $35 | $147,953 | -$147,918 |
| March 31, 2024 | 990-EZ | $161,964 | $181,199 | -$19,235 | $6,057 | $137,121 | -$131,064 |
| March 31, 2022 | 990-EZ | $88,734 | $84,786 | $3,948 | $7,612 | $99,934 | -$92,322 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $133,050
- of which government grants
- $99,500
- Program service revenue
- $70,230
- Investment income
- $51
- Other revenue
- $9,700
Expenses
- Grants and similar amounts paid
- $255
- Compensation of officers, directors and key employees
- $14,100
- Other salaries and wages
- $39,561
- Salaries, compensation and benefits (total)
- $57,919
- Professional fundraising fees
- $0
- Accounting fees
- $4,855
- Occupancy
- $8,317
- Travel
- $610
- Program services (functional)
- $153,958
- Management and general (functional)
- $65,780
- Fundraising (functional)
- $10,148
Balance sheet and other
- Total assets, start of year
- $6,057
- Total assets, end of year
- $35
- Total liabilities, end of year
- $147,953
- Net assets, end of year
- -$147,918
- Gross receipts
- $213,031
- Employees
- 6
- Volunteers
- 10
- Year formed
- 2013
- State of legal domicile
- TX
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SPENCER | SECRETARY TREASURER Officer, Key employee | 40 | $14,100 |
| DAVID FAZIO | DIRECTOR Trustee or director | 0.5 | $0 |
| EVAN TANIGUCHI | DIRECTOR Trustee or director | 0.5 | $0 |
| JOE MORALES | DIRECTOR Trustee or director | 0.5 | $0 |
| JAY TILLMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| DON BRADEN | PRESIDENT Trustee or director, Officer | 2 | $0 |
990-EZ for the year ended March 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SPENCER | SECRETARY TREASURER | 40 | $6,090 |
| DAVID FAZIO | DIRECTOR | 0.5 | $0 |
| EVAN TANIGUCHI | DIRECTOR | 0.5 | $0 |
| DON BRADEN | PRESIDENT | 2 | $0 |
| PATRICK FLYNN | DIRECTOR | 0.5 | $0 |
| JOE MORALES | DIRECTOR | 0.5 | $0 |
| JAY TILLMAN | DIRECTOR | 0.5 | $0 |
990-EZ for the year ended March 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD SPENCER | EXECUTIVE DIRECTOR TREASURER | 20 | $2,400 |
| DAVID FAZIO | CHAIRMAN | 2 | $0 |
| EVAN TANIGUCHI | SECRETARY | 0.5 | $0 |
| DON BRADEN | DIRECTOR | 0.5 | $0 |
| ANDRE HAYWARD | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 3602 LAS COLINAS DR APT A, AUSTIN, TX 78731-4832
- In care of
- % RICHARD SPENCER
- Mailing address (990-N for 2015)
- PO Box 142553, Austin TX 78714
- Principal officer (990 for 2024)
- RICHARD SPENCER, 3602 A LAS COLINAS DR, AUSTIN, TX 78731
- Principal officer (990-N for 2015)
- Richard Spencer, 13421 Marie Lane, Manor TX 78653
- Signed the 990
- RICHARD SPENCER, SECRETARY TREASURER
- Website
- www.newschoolofmusic.net
- Return prepared by
- Ronald Dittmar CPA
Mission
TO PROVIDE LESSONS AND PERFORMANCE EXPERIENCE FOR YOUNG MUSICIANS AT AFFORDABLE RATES, WITH SCHOLARSHIPS FOR UNDERSERVED COMMUNITIES.
Program accomplishments
- UNDERSERVED CHILDREN PROGRAM: SCHOLARSHIPPED OVER 1000 HOURS OF MUSIC STUDIES TO UNDERSERVED CHILDRENExpenses $130,864 · revenue $109,200
- PERFORMANCE AND MENTORSHIP: OUR HIGHLY CREDENTIALED MUSIC INSTRUCTORS PROVIDE MENTORSHIP AND ENCOURAGE STUDENTS TO PARTICIPATE IN PUBLIC PERFORMANCES AND END OF SEMESTER RECITALSExpenses $23,094 · grants $150 · revenue $70,230
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-0511461
- 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
- 2014
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $35
- Income (IRS master file)
- $213,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $213,031 | $229,886 | $35 | XML |
| 990-EZ | March 2024 | $161,964 | $181,199 | $6,057 | XML |
| 990-EZ | March 2023 | – | – | – | IRS |
| 990-EZ | March 2022 | $88,734 | $84,786 | $7,612 | XML |
| 990-EZ | March 2021 | – | – | – | IRS |
| 990-EZ | March 2019 | – | – | – | IRS |
| 990-EZ | March 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Richard Spencer | March 31, 2016 | ≤ $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 27-0511461).
Questions about NEW SCHOOL OF MUSIC INC
- What is the EIN of NEW SCHOOL OF MUSIC INC?
- The employer identification number (EIN) of NEW SCHOOL OF MUSIC INC is 27-0511461.
- Is NEW SCHOOL OF MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to NEW SCHOOL OF MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW SCHOOL OF MUSIC 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 NEW SCHOOL OF MUSIC INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW SCHOOL OF MUSIC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of NEW SCHOOL OF MUSIC INC?
- The 990 for the year ended March 31, 2025 names RICHARD SPENCER.
- Who are the officers and directors of NEW SCHOOL OF MUSIC INC?
- The 990 for the year ended March 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $14,100 (RICHARD SPENCER, SECRETARY TREASURER).
- How much revenue does NEW SCHOOL OF MUSIC INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $213,031, expenses of $229,886 and total assets of $35 at year end.
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