Nonprofit · EIN 30-0801912
LYRA MUSIC INC
Tax-exempt · BEACON, NY 12508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $123,110 | $126,593 | -$3,483 | $47,996 | $27,686 | $20,310 |
| December 31, 2024 | 990-EZ | $118,044 | $117,890 | $154 | $51,002 | $27,459 | $23,543 |
| December 31, 2023 | 990-EZ | $99,242 | $108,120 | -$8,878 | $51,943 | $28,554 | $23,389 |
| December 31, 2021 | 990-EZ | $49,370 | $43,911 | $5,459 | $96,886 | $25,914 | $70,972 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $42,396
- Program service revenue
- $80,450
- Investment income
- $45
- Other revenue
- $219
Expenses
- Compensation of officers, directors and key employees
- $46,000
- Salaries, compensation and benefits (total)
- $46,000
- Professional fees and payments to contractors
- $28,082
- Occupancy
- $32,853
- Printing, publications and postage
- $140
- Other expenses
- $19,518
- Program services (functional)
- $112,078
Balance sheet and other
- Total assets, start of year
- $51,002
- Total assets, end of year
- $47,996
- Total liabilities, end of year
- $27,686
- Net assets, end of year
- $20,310
- Cash, savings and investments
- $47,996
- Gross receipts
- $123,110
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL ODO | EXECUTIVE DIR. | 20 | $28,000 |
| AKIKO SASAKI | ARTISTIC DIR. | 20 | $18,000 |
| MARY PRESCOTT | VICE PRESIDENT | 1 | $0 |
| KIT VOIT | TREASURER | 5 | $0 |
| JONATHAN ODO | ASST. SECRETARY | 1 | $0 |
| PAULA SCULLY | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL ODO | EXECUTIVE DIR. | 20 | $25,000 |
| AKIKO SASAKI | ARTISTIC DIR. | 20 | $16,000 |
| MARY PRESCOTT | VICE PRESIDENT | 1 | $0 |
| KIT VOIT | TREASURER | 5 | $0 |
| JONATHAN ODO | ASST. SECRETARY | 1 | $0 |
| PAULA SCULLY | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL ODO | EXECUTIVE DIR. | 20 | $20,000 |
| AKIKO SASAKI | ARTISTIC DIR. | 20 | $16,000 |
| MARY PRESCOTT | VICE PRESIDENT | 1 | $0 |
| KIT VOIT | TREASURER | 5 | $0 |
| JONATHAN ODO | ASST. SECRETARY | 1 | $0 |
| PAULA SCULLY | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2021: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL ODO | EXECUTIVE DIR. | 20 | $15,000 |
| AKIKO SASAKI | ARTISTIC DIR. | 20 | $15,000 |
| KIT VOIT | TREASURER | 5 | $1,800 |
| MARY PRESCOTT | VICE PRESIDENT | 1 | $0 |
| JONATHAN ODO | ASST. SECRETARY | 1 | $0 |
| PAULA SCULLY | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 57 ROBINSON ST, BEACON, NY 12508-3829
- Mailing address (990-N for 2013)
- 1320 beverley rd, brooklyn NY 11226
- Principal officer (990-N for 2013)
- mary prescott, 167 west 76th st apt 3f, new york NY 10023
- Signed the 990-EZ
- AKIKO SASAKI, PRESIDENT
- Phone
- (917) 705-5089
- Website
- www.lyrasummermusic.com
- Return prepared by
- Park Slope Taxes
Mission
THE MISSION OF LYRA MUSIC IS TO ENRICH THE LIVES OF YOUTH AND BUILD COMMUNITY THROUGH CLASSICAL MUSIC. FOUNDED IN 2010 WITH A VISION OF ENHANCING THE LIVES OF YOUNG MUSICIANS AND ENRICHING COMMUNITIES THROUGH CLASSICAL MUSIC TRAINING AND PERFORMANCE, LYRA MUSIC SUPPORTS THE MUSICAL, EMOTIONAL AND PERSONAL DEVELOPMENT OF EVERY PARTICIPANT THROUGH A NURTURING, NON-COMPETITIVE ENVIRONMENT WHERE EACH STUDENT IS ENCOURAGED TO REACH THEIR FULL POTENTIAL. LYRA MUSIC PRODUCES AN ANNUAL SUMMER WORKSHOP AND MUSIC FESTIVAL AS WELL AS A YOUTH MUSIC COMPETITION FOR STRING PLAYERS AND PIANISTS.LYRA STUDENTS ARE YOUNG MUSICIANS, AGES 11-18, IMMERSED IN A SUPPORTIVE, NURTURING COMMUNITY WHERE THEY LIVE, WORK, AND PLAY WITH THEIR PEERS AND THE DEDICATED LYRA FACULTY AND STAFF.
Program accomplishments
- LYRA MUSIC YOUNG ARTIST PERFORMANCE PROGRAM IS A 2-WEEK, CONSERVATORY-STYLE, RESIDENTIAL CLASSICAL MUSIC PROGRAM HELD AT THE STORM KING SCHOOL IN CORNWALL-ON-HUDSON, NY IN JUNE/JULY. LYRA PARTICIPANTS ARE IMMERSED IN A SUPPORTIVE, NURTURING COMMUNITY WHERE THEY LIVE, WORK AND PLAYWITH THEIR PEERS AND THE DIDICATED LYRA FACULTY AND STAFF. THE PROGRAM IS GEARED TOWARD THE INTENSIVE STUDY AND PERFORMANCE OF SOLO AND CHAMBER REPERTOIRE AND INCLUDES PERFORMANCE IN MULTIPLE OUTREACH CONCERT ENGAGING WITH THE COMMUNITY AS WELL AS OPPORTUNITIES TO OBSERVE OR PARTICIPATELYRA MUSIC PROVIDES FINANCIAL AIDS AND SCHOLARSHIPS IN THE FORM OF REDUCTIONS IN REGISTRATION FEES, TUITION, ROOM AND BOARD TO STUDENTS WHO NEED FINANCIAL ASSISTANCE TO ATTEND THE PROGRAMExpenses $97,830
- THE LYRA MUSIC YOUTH COMPETITION ON HIATUS IN 2025
- THE LYRA MUSIC FESTIVAL IS AN OUTSTANDING SERIES OF SUMMER CLASSICAL MUSIC EVENTS BASED IN HUDSON VALLEY, NY (FORMALLY BASED IN NORTHAMPTON MA). EACH SUMMER LYRA MUSIC BRINGS TOGETHER WORLD CLASS MUSICIANS, OUTSTANDING YOUNG STRING PLAYERS AND PIANISTS AND AN EXCEPTIONAL FACULTY OF PROFESSIONAL MUSICIANS AND EDUCATORS FOR CONCERTS, MASTER CLASSES AND OUTREACH PERFORMANCES.LYRA MUSIC FESTIVAL GUEST ARTISTS HAVE INCLUDED MUSICIANS SUCH AS SIMONE DINNERSTEAIN, FREDERIC CHIU, MATTHEW ZALKIND, ITAMAR ZORMAN, SIBBI BERNHARDSSON, MICHAEL BROWN, DANE JOHANSEN, SPENCER MYER, ALEXI KENNEY, MELISSA WHITE, AND THE HORSZOSKI TRIOTHE MASTERCLASSES ASPECT OF OUR MUSIC FESTIVAL PROVIDES LYRA FESTIVAL AUDIENCES TO GO BEHIND-THE-SCENES,ATTEND MASTER CLASSES WHERE THEY WILL HEAR LYRA MUSIC YOUNG ARTIST PERFORMANCE PROGRAM STUDENTS PERFORM AND WATCH AS THESE STUDENTS RECEIVE ONE-ON-ONE COACHING WITH LYRA MUSIC GUEST ARTISTS.Expenses $14,248
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 30-0801912
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $47,996
- Income (IRS master file)
- $123,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $123,110 | $126,593 | $47,996 | XML |
| 990-EZ | December 2024 | $118,044 | $117,890 | $51,002 | XML |
| 990-EZ | December 2023 | $99,242 | $108,120 | $51,943 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | $49,370 | $43,911 | $96,886 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: mary prescott | December 31, 2013 | ≤ $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 30-0801912).
Questions about LYRA MUSIC INC
- What is the EIN of LYRA MUSIC INC?
- The employer identification number (EIN) of LYRA MUSIC INC is 30-0801912.
- Is LYRA MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LYRA MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LYRA 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 LYRA MUSIC INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LYRA MUSIC INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of LYRA MUSIC INC?
- The 990-N for 2013 names mary prescott.
- Who are the officers and directors of LYRA MUSIC INC?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $28,000 (RACHEL ODO, EXECUTIVE DIR.).
- How much revenue does LYRA MUSIC INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $123,110, expenses of $126,593 and total assets of $47,996 at year end.
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All nonprofits in BEACON · New York · Arts, culture and humanities