Nonprofit · EIN 46-4504205
IAM MUSIC INC
Tax-exempt · DURANGO, CO 81301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $454,835 | $444,655 | $10,180 | $55,308 | $26,625 | $28,683 |
| December 31, 2023 | 990 | $386,734 | $410,430 | -$23,696 | $27,681 | $25,785 | $1,896 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,001
- Program service revenue
- $251,871
- Investment income
- -$1,635
- Net gain from sales of assets
- -$1,653
- Net income from gaming
- $47,169
- Other revenue
- $61,598
Expenses
- Grants and similar amounts paid
- $100
- Compensation of officers, directors and key employees
- $56,060
- Other salaries and wages
- $225,943
- Salaries, compensation and benefits (total)
- $308,530
- Professional fundraising fees
- $0
- Accounting fees
- $10,431
- Occupancy
- $34,163
- Travel
- $2,050
- Depreciation
- $1,440
- Program services (functional)
- $300,820
- Management and general (functional)
- $114,471
- Fundraising (functional)
- $29,364
Balance sheet and other
- Total assets, start of year
- $27,681
- Total assets, end of year
- $55,308
- Total liabilities, end of year
- $26,625
- Net assets, end of year
- $28,683
- Land, buildings and equipment
- $7,284
- Net assets without donor restrictions
- $28,683
- Gross receipts
- $498,582
- Employees
- 22
- Volunteers
- 25
- Year formed
- 2014
- State of legal domicile
- CO
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSE OGLE | Director Trustee or director | 15 | $38,810 |
| Ronaelle S Perillo | Executive Dir. Trustee or director | 40 | $17,250 |
| ASHLEY EDWARDS | Executive Dir. Trustee or director, Officer | 1 | $0 |
| TARA KIENE | Treasurer Trustee or director, Officer | 1 | $0 |
| CHASE NOLAND | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Byrne | Executive Director Trustee or director | 40 | $29,792 |
| Liz Mora | President Trustee or director, Officer | 1 | $0 |
| Mike Bator | Vice President Trustee or director, Officer | 1 | $0 |
| Bob Beardsley | Treasurer Trustee or director, Officer | 1 | $0 |
| David Downing | Board Member Trustee or director | 1 | $0 |
| Jodi Earley | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1315 MAIN AVE STE 207, DURANGO, CO 81301-5153
- In care of
- % JESSE OGLE
- Mailing address (990-N for 2014)
- 1315 Main Suite 207, Durango CO 81301
- Principal officer (990 for 2024)
- JESSE OGLE, 1315 MAIN 207, Durango, CO 81301
- Principal officer (990-N for 2014)
- Jesse Ogle, 1315 Main Suite 207, Durango CO 81301
- Signed the 990
- Jesse Ogle, Director
- Phone
- (970) 300-9966
- Website
- https://iammusic.us/
- Return prepared by
- Tucker Bechtolt & Diponio PC
Mission
IAM MUSIC IS AN ECOSYSTEM FOUNDED BY ARTISTS FOR ARTISTS SERVING AS A CREATIVE HUBFOR COLLABORATION. WE EMPOWER AND CONNECT YOUTH, ELEVATE AND SHOWCASE CAREER-MINDEDMUSICIANS, AND HOST EVENTS TO STIMULATE THE LOCAL CREATIVE ECONOMY. WE ARE ALWAYSINNOVATING AND EVOLVING TO STAY CURRENT WITH THE WIDER MUSIC COMMUNITY.
Program accomplishments
- DEVELOPMENT AND EXECUTION OF EDUCATION MUSICAL PROGRAMS FOR OVER 300 CHILDREN. MUSICAL EDUCATION IS PROVIDED TO CHILDREN AT 5 SCHOOLS THAT OFFER LIMITED MUSIC PROGRAMS. PRIVATE LESSONS AND INSTRUMENT RENTALS ARE GIVEN AT A GREATLY REDUCED PRICE.Expenses $300,820
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 | Not 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
- 46-4504205
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $55,308
- Income (IRS master file)
- $498,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $454,835 | $444,655 | $55,308 | XML |
| 990 | December 2023 | $386,734 | $410,430 | $27,681 | XML |
| 990 | December 2022 | $430,193 | $423,401 | $51,405 | IRS |
| 990 | December 2021 | $289,025 | $293,078 | $27,046 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Jesse Ogle | December 31, 2014 | ≤ $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 46-4504205).
Questions about IAM MUSIC INC
- What is the EIN of IAM MUSIC INC?
- The employer identification number (EIN) of IAM MUSIC INC is 46-4504205.
- Is IAM MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to IAM MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IAM 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 IAM MUSIC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IAM MUSIC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IAM MUSIC INC?
- The 990 for the year ended December 31, 2024 names JESSE OGLE.
- Who are the officers and directors of IAM MUSIC INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $38,810 (JESSE OGLE, Director).
- How much revenue does IAM MUSIC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $454,835, expenses of $444,655 and total assets of $55,308 at year end.
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