Nonprofit · EIN 51-0194502
NANTUCKET COMMUNITY MUSIC CENTER
Tax-exempt · NANTUCKET, MA 02554
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $540,479 | $499,550 | $40,929 | $461,504 | $62,334 | $399,170 |
| June 30, 2024 | 990 | $438,509 | $535,429 | -$96,920 | $377,689 | $45,012 | $332,677 |
| June 30, 2023 | 990 | $525,690 | $494,061 | $31,629 | $427,163 | $21,843 | $405,320 |
| June 30, 2021 | 990 (amended) | $537,671 | $492,602 | $45,069 | $467,508 | $108,891 | $358,617 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $454,049
- Program service revenue
- $75,050
- Investment income
- $11,380
- Net gain from sales of assets
- $203
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,681
- Compensation of officers, directors and key employees
- $75,000
- Other salaries and wages
- $209,325
- Salaries, compensation and benefits (total)
- $299,542
- Professional fundraising fees
- $0
- Accounting fees
- $16,134
- Occupancy
- $25,539
- Travel
- $1,321
- Depreciation
- $3,765
- Program services (functional)
- $357,417
- Management and general (functional)
- $82,050
- Fundraising (functional)
- $60,083
Balance sheet and other
- Total assets, start of year
- $377,689
- Total assets, end of year
- $461,504
- Total liabilities, end of year
- $62,334
- Net assets, end of year
- $399,170
- Land, buildings and equipment
- $8,310
- Publicly traded securities
- $420,427
- Net assets without donor restrictions
- $361,184
- Net assets with donor restrictions
- $37,986
- Gross receipts
- $657,008
- Employees
- 24
- Volunteers
- 0
- Year formed
- 1975
- State of legal domicile
- MA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY WAGNER | EXECUTIVE DIRECTOR Officer | 40 | $75,000 |
| RICHARD JAYCOBS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROL SPINELLI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BISY STANCHEVA | FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 |
| ANNE CARMIGNANI | SECRETARY Trustee or director, Officer | 1 | $0 |
| ELIZABETH DAVIES | TRUSTEE Trustee or director | 1 | $0 |
| BENJAMIN FERRANTELLA | TRUSTEE Trustee or director | 1 | $0 |
| MOLLIE GLAZER | TRUSTEE Trustee or director | 1 | $0 |
| CECI GUITIERREZ | TRUSTEE Trustee or director | 1 | $0 |
| JOE HAMMER | TRUSTEE Trustee or director | 1 | $0 |
| MARY BETH HARVEY | TRUSTEE Trustee or director | 1 | $0 |
| JOHN F OLSON | TRUSTEE Trustee or director | 1 | $0 |
| MELISSA RYAN | TRUSTEE Trustee or director | 1 | $0 |
| JAMIE STROBINO | TRUSTEE Trustee or director | 1 | $0 |
| MARGOT YOUNG | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY WAGNER | EXECUTIVE DIRECTOR Officer | 40 | $75,000 |
| RICHARD JAYCOBS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BESS CLARKE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KAREN PALMER | FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 |
| MARGOT TOWNSEND YOUNG | SECRETARY Trustee or director, Officer | 1 | $0 |
| VIRGINIA BULLINGTON | TRUSTEE Trustee or director | 1 | $0 |
| ANNE CARMIGNANI | TRUSTEE Trustee or director | 1 | $0 |
| ANASTASIA CHER | TRUSTEE Trustee or director | 1 | $0 |
| CALEB CRESSMAN | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH DAVIES | TRUSTEE Trustee or director | 1 | $0 |
| BENJAMIN FERRANTELLA | TRUSTEE Trustee or director | 1 | $0 |
| MOLLIE GLAZER | TRUSTEE Trustee or director | 1 | $0 |
| JOE HAMMER | TRUSTEE Trustee or director | 1 | $0 |
| MARY BETH HARVEY | TRUSTEE Trustee or director | 1 | $0 |
| WOODY KAY | TRUSTEE Trustee or director | 1 | $0 |
| JOHN F OLSON | TRUSTEE Trustee or director | 1 | $0 |
| MELISSA RYAN | TRUSTEE Trustee or director | 1 | $0 |
| CAROL SPINELLI | TRUSTEE Trustee or director | 1 | $0 |
| BISY STANCHEVA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY WAGNER | EXECUTIYE DIRECTOR Officer | 40 | $75,000 |
| RICHARD JAYCOBS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CAROL SPINELLI | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BISY STANCHEVA | FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 |
| ANNE CARMIGNANI | SECRETARY Trustee or director, Officer | 1 | $0 |
| VIRGINIA BULLINGTON | TRUSTEE Trustee or director | 1 | $0 |
| ANASTASIA CHER | TRUSTEE Trustee or director | 1 | $0 |
| JANET CONNOR | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH DAVIES | TRUSTEE Trustee or director | 1 | $0 |
| BENJAMIN FERRANTELLA | TRUSTEE Trustee or director | 1 | $0 |
| MOLLIE GLAZER | TRUSTEE Trustee or director | 1 | $0 |
| MELANIE GOWEN | TRUSTEE Trustee or director | 1 | $0 |
| CECI GUITIERREZ | TRUSTEE Trustee or director | 1 | $0 |
| MARGOT T YOUNG | TRUSTEE Trustee or director | 1 | $0 |
| JOE HAMMER | TRUSTEE Trustee or director | 1 | $0 |
| MARY BETH HARVEY | TRUSTEE Trustee or director | 1 | $0 |
| JOHN F OLSON | TRUSTEE Trustee or director | 1 | $0 |
| MELISSA RYAN | TRUSTEE Trustee or director | 1 | $0 |
| JAMIE STROBINO | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2021: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY WAGNER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $17,308 |
| RICH JAYCOBS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BESS CLARKE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KAREN PALMER | TREASURER Trustee or director, Officer | 1 | $0 |
| MARGOT T YOUNG | SECRETARY Trustee or director, Officer | 1 | $0 |
| ELEANOR ANTONIETTI | TRUSTEE Trustee or director | 1 | $0 |
| ANASTASIA CHER | TRUSTEE Trustee or director | 1 | $0 |
| ANNE CARMIGNANI | TRUSTEE Trustee or director | 1 | $0 |
| CALEB CRESSMAN | TRUSTEE Trustee or director | 1 | $0 |
| ANDREW CROMARTIE | TRUSTEE Trustee or director | 1 | $0 |
| JANET FOREST | TRUSTEE Trustee or director | 1 | $0 |
| LARC JAYCOBS | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH DAVIES | TRUSTEE Trustee or director | 1 | $0 |
| BENJAMIN FERRANTELLA | TRUSTEE Trustee or director | 1 | $0 |
| JOE HAMMER | TRUSTEE Trustee or director | 1 | $0 |
| MARY BETH HARVEY | TRUSTEE Trustee or director | 1 | $0 |
| WOODY KAY | TRUSTEE Trustee or director | 1 | $0 |
| JOHN F OLSON | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1352, NANTUCKET, MA 02554-1352
- Principal officer (990 for 2024)
- RICHARD JAYCOBS, PO BOX 1352, NANTUCKET, MA 02554
- Signed the 990
- RICHARD JAYCOBS, PRESIDENT
- Phone
- (508) 228-3352
- Return prepared by
- BOLLUS LYNCH LLP
Mission
TO ENRICH THE CULTURAL LIFE OF THE ISLAND BY FOSTERING AND SUPPORTING MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR YOUNG PEOPLE AND ADULTS.
Program accomplishments
- PRIVATE AND GROUP MUSIC LESSONS FOR ADULTS AND CHILDREN IN THE NANTUCKET COMMUNITY, PERFORMANCE OPPORTUNITIES FOR STUDENTS, FACULTY, AND ISLAND MUSICIANS; MUSICAL GROUPS, ENSEMBLES, AND VOCAL CHOIRS FOR COMMUNITY MEMBERS.Expenses $357,417 · grants $5,681 · revenue $65,099
- COMMUNITY CONCERTSrevenue $9,951
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 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0194502
- 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
- 1978
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A680)
- Assets (IRS master file)
- $461,504
- Income (IRS master file)
- $657,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $540,479 | $499,550 | $461,504 | IRS |
| 990 | June 2024 | $438,509 | $535,429 | $377,689 | IRS |
| 990 | June 2023 | $525,690 | $494,061 | $427,163 | XML |
| 990 | June 2022 | $539,098 | $498,858 | $407,999 | IRS |
| 990 | June 2021 | $537,671 | $492,602 | $467,508 | XML |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 51-0194502).
Questions about NANTUCKET COMMUNITY MUSIC CENTER
- What is the EIN of NANTUCKET COMMUNITY MUSIC CENTER?
- The employer identification number (EIN) of NANTUCKET COMMUNITY MUSIC CENTER is 51-0194502.
- Is NANTUCKET COMMUNITY MUSIC CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to NANTUCKET COMMUNITY MUSIC CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NANTUCKET COMMUNITY MUSIC CENTER 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 NANTUCKET COMMUNITY MUSIC CENTER due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NANTUCKET COMMUNITY MUSIC CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NANTUCKET COMMUNITY MUSIC CENTER?
- The 990 for the year ended June 30, 2025 names RICHARD JAYCOBS.
- Who are the officers and directors of NANTUCKET COMMUNITY MUSIC CENTER?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $75,000 (ANTHONY WAGNER, EXECUTIVE DIRECTOR).
- How much revenue does NANTUCKET COMMUNITY MUSIC CENTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $540,479, expenses of $499,550 and total assets of $461,504 at year end.
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