Nonprofit · EIN 45-2281679
MUSIC ACADEMY NFP
Tax-exempt · ROCKFORD, IL 61104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $532,610 | $602,503 | -$69,893 | $204,701 | $40,860 | $163,841 |
| June 30, 2025 | 990 | $703,254 | $557,004 | $146,250 | $290,310 | $56,576 | $233,734 |
| June 30, 2024 | 990 | $487,383 | $527,257 | -$39,874 | $136,968 | $49,484 | $87,484 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $123,475
- Program service revenue
- $402,980
- Investment income
- $0
- Net income from fundraising events
- -$1,795
- Other revenue
- $6,155
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $73,714
- Other salaries and wages
- $381,103
- Salaries, compensation and benefits (total)
- $492,956
- Professional fundraising fees
- $0
- Accounting fees
- $18,046
- Occupancy
- $29,875
- Travel
- $6,744
- Depreciation
- $17,624
- Program services (functional)
- $510,236
- Management and general (functional)
- $60,366
- Fundraising (functional)
- $31,901
Balance sheet and other
- Total assets, start of year
- $290,310
- Total assets, end of year
- $204,701
- Total liabilities, end of year
- $40,860
- Net assets, end of year
- $163,841
- Land, buildings and equipment
- $66,329
- Net assets without donor restrictions
- $149,440
- Net assets with donor restrictions
- $14,401
- Gross receipts
- $534,405
- Employees
- 39
- Volunteers
- 30
- Year formed
- 2011
- State of legal domicile
- IL
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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA EAKMAN | EXECUTIVE DI Trustee or director, Officer | 40 | $65,029 |
| KRISTIN NELSON | DIRECTOR Trustee or director | 3 | $5,455 |
| HOPE COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| COLLEEN MCDONALD | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOCELYN MCLAUGHLIN | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN ROZMAN | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTOPHER WRATE | CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA EAKMAN | EXECUTIVE DI Trustee or director, Officer | 40 | $63,361 |
| HOPE COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| COLLEEN MCDONALD | SECRETARY Trustee or director, Officer | 2 | $0 |
| KRISTIN NELSON | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN ROZMAN | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTOPHER WRATE | CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA EAKMAN | EXECUTIVE DI Trustee or director, Officer | 40 | $64,473 |
| HOPE COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| COLLEEN MCDONALD | SECRETARY Trustee or director, Officer | 2 | $0 |
| KRISTIN NELSON | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN ROZMAN | DIRECTOR Trustee or director | 2 | $0 |
| JANICE WESTLUND | CHAIR Trustee or director, Officer | 2 | $0 |
| CHRISTOPHER WRATE | CHAIR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 226 S 2ND ST, ROCKFORD, IL 61104-2064
- Principal officer (990 for 2025)
- LAURA EAKMAN, 226 S SECOND STREET, ROCKFORD, IL 61104
- Signed the 990
- LAURA EAKMAN, EXECUTIVE DIRECTOR
- Phone
- (815) 986-0037
- Return prepared by
- LUCAS GROUP CPAS ADVISORS PLLC
Mission
THE ACADEMY'S MISSION IS TO INSPIRE IN STUDENTS A LIFE-LONG LOVE OF MUSIC AND THE ARTS. STUDENTS ARE LIFE-LONG LEARNERS AND RANGE IN AGE FROM PRENATAL TO THOSE IN THEIR 70S AND 80S.
Program accomplishments
- FOUNDED IN 1985, THE MUSIC ACADEMY, NFP (THE ACADEMY), WAS INDEPENDENTLY INCORPORATED IN MARCH 2011 AS AN ILLINOIS NOT-FOR-PROFIT COMMUNITY SCHOOL OF MUSIC DEDICATED TO PROVIDING HIGH QUALITY, AFFORDABLE INSTRUCTION AND PERFORMANCE OPPORTUNITIES TO ACADEMY STUDENTS, REGARDLESS OF AGE OR ABILITY.Expenses $510,236 · revenue $402,980
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2281679
- 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
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $204,701
- Income (IRS master file)
- $534,405
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $532,610 | $602,503 | $204,701 | XML |
| 990 | June 2025 | $703,254 | $557,004 | $290,310 | XML |
| 990 | June 2024 | $487,383 | $527,257 | $136,968 | XML |
| 990 | June 2023 | $493,603 | $513,706 | $164,251 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 45-2281679).
Questions about MUSIC ACADEMY NFP
- What is the EIN of MUSIC ACADEMY NFP?
- The employer identification number (EIN) of MUSIC ACADEMY NFP is 45-2281679.
- Is MUSIC ACADEMY NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MUSIC ACADEMY NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSIC ACADEMY NFP 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 MUSIC ACADEMY NFP due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSIC ACADEMY NFP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of MUSIC ACADEMY NFP?
- The 990 for the year ended June 30, 2026 names LAURA EAKMAN.
- Who are the officers and directors of MUSIC ACADEMY NFP?
- The 990 for the year ended June 30, 2026 lists 7 people; 2 received compensation from the organization, the highest $65,029 (LAURA EAKMAN, EXECUTIVE DI).
- How much revenue does MUSIC ACADEMY NFP have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $532,610, expenses of $602,503 and total assets of $204,701 at year end.
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