Nonprofit · EIN 45-4726768
HICKORY MUSIC FACTORY INC
Also known as HICKORY MUSIC FACTORY
Tax-exempt · HICKORY, NC 28601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $519,308 | $479,165 | $40,143 | $416,408 | $3,419 | $412,989 |
| December 31, 2024 | 990 | $216,808 | $181,845 | $34,963 | $381,206 | $8,360 | $372,846 |
| December 31, 2023 | 990 | $195,992 | $164,442 | $31,550 | $340,061 | $2,178 | $337,883 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $30,944
- Program service revenue
- $436,420
- Investment income
- $8,350
- Net gain from sales of assets
- $367
- Other revenue
- $43,594
Expenses
- Grants and similar amounts paid
- $3,800
- Other salaries and wages
- $108,836
- Salaries, compensation and benefits (total)
- $109,749
- Professional fundraising fees
- $0
- Accounting fees
- $4,190
- Occupancy
- $2,084
- Depreciation
- $6,496
- Program services (functional)
- $457,327
- Management and general (functional)
- $21,838
Balance sheet and other
- Total assets, start of year
- $381,206
- Total assets, end of year
- $416,408
- Total liabilities, end of year
- $3,419
- Net assets, end of year
- $412,989
- Land, buildings and equipment
- $24,472
- Publicly traded securities
- $355,123
- Gross receipts
- $584,881
- Employees
- 2
- Volunteers
- 40
- Year formed
- 2012
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA PAUL | PAST PRESIDENT Trustee or director | 2 | $0 |
| TONY ELTORA | INTERIM DIRECTOR OF OPERATIONS Trustee or director, Officer | 40 | $0 |
| KATHERINE TRUITT | DIRECTOR Trustee or director | 2 | $0 |
| JOEL EBEL | DIRECTOR Trustee or director | 1 | $0 |
| ROB LEWINKSI | SECRETARY Trustee or director, Officer | 1 | $0 |
| GORDON MATTICHAK | DIRECTOR Trustee or director | 1 | $0 |
| MARSHA HUGHES | TREASURER Trustee or director, Officer | 2 | $0 |
| TRACY BOLICK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DAVID CORTELLO | DIRECTOR Trustee or director | 1 | $0 |
| LIAM BAILEY | EXECUTIVE DIRECTORY Trustee or director | 40 | $0 |
| MELISSA ALDERMAN | DIRECTOR Trustee or director | 1 | $0 |
| J PATRICK WARREN | DIRECTOR Trustee or director | 1 | $0 |
| BRETT MILLER | DIRECTOR Trustee or director | 1 | $0 |
| DEVON FISHER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA PAUL | CHAIR Trustee or director | 2 | $0 |
| MARK WOODWARD | DIRECTOR Trustee or director, Officer | 1 | $0 |
| KATHERINE TRUITT | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOEL EBEL | DIRECTOR Trustee or director | 1 | $0 |
| ROB LELEWSKI | DIRECTOR Trustee or director | 1 | $0 |
| GORDON MATTICHAK | DIRECTOR Trustee or director | 1 | $0 |
| MARSHA HUGHES | TREASURER Trustee or director | 2 | $0 |
| TRACY BOLICK | VICE CHAIR Trustee or director | 2 | $0 |
| DAVID CORTELLO | DIRECTOR Trustee or director | 1 | $0 |
| LIAM BAILEY | EXECUTIVE DIRECTORY Officer | 40 | $0 |
| RICK CLINE | PROGRAM DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN CHAMBERLAIN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| SARA PAUL | DIRECTOR Trustee or director | 1 | $0 |
| MARK WOODWARD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DAVID WALKER | TREASURER Trustee or director, Officer | 2 | $0 |
| CHARLES AVERY | DIRECTOR Trustee or director | 1 | $0 |
| GORDON MATTICHAK | DIRECTOR Trustee or director | 1 | $0 |
| MARSHA HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| TRACY BOLICK | DIRECTOR Trustee or director | 1 | $0 |
| AUSTIN PEARCE | DIRECTOR Trustee or director | 1 | $0 |
| DANNA SHUGART | SECRETARY Trustee or director, Officer | 2 | $0 |
| RICHARD BOYENS | DIRECTOR Trustee or director | 1 | $0 |
| JERISHA FARRER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1515 12TH STREET DR NW, HICKORY, NC 28601-2230
- Principal officer (990 for 2025)
- LIAM T BAILEY, PO BOX 2712, HICKORY, NC 28603
- Signed the 990
- LIAM T BAILEY, EXECUTIVE DIRECTOR
- Phone
- (828) 308-5659
- Website
- WWW.HICKORYMUSICFACTORY.COM
- Return prepared by
- SMITH LEONARD PLLC
Mission
BUILD FUTURES THROUGH MUSIC BY TEACHING, PERFORMANCE, AND COMMUNITY OUTREACH.
Program accomplishments
- MUSIC LESSONS AND CAMPS PROVIDED TO MORE THAN 200 STUDENTS AND NUMEROUS OPPORTUNITIES TO PERFORM; INCLUDING OPEN MIC EVENTS, CONCERTS WITH PROFESSIONAL MUSICIANS AND CLINICS. THIS INCLUDES SCHOLARSHIP OPPORTUNITIES FOR CHILDREN FROM FAMILIES WITH LIMITED RESOURCES AND PERFORMANCE EVENTS TO PROMOTE MUSIC APPRECIATIONExpenses $457,327 · grants $3,800 · revenue $445,948
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4726768
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $416,408
- Income (IRS master file)
- $584,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $519,308 | $479,165 | $416,408 | IRS |
| 990 | December 2024 | $216,808 | $181,845 | $381,206 | IRS |
| 990 | December 2023 | $195,992 | $164,442 | $340,061 | XML |
| 990 | December 2022 | $219,368 | $203,301 | $309,634 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 45-4726768).
Questions about HICKORY MUSIC FACTORY INC
- What is the EIN of HICKORY MUSIC FACTORY INC?
- The employer identification number (EIN) of HICKORY MUSIC FACTORY INC is 45-4726768.
- Is HICKORY MUSIC FACTORY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to HICKORY MUSIC FACTORY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HICKORY MUSIC FACTORY 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 HICKORY MUSIC FACTORY 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 HICKORY MUSIC FACTORY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HICKORY MUSIC FACTORY INC?
- The 990 for the year ended December 31, 2025 names LIAM T BAILEY.
- Who are the officers and directors of HICKORY MUSIC FACTORY INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does HICKORY MUSIC FACTORY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $519,308, expenses of $479,165 and total assets of $416,408 at year end.
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All nonprofits in HICKORY · North Carolina · Arts, culture and humanities