Nonprofit · EIN 54-2018258
YOUNG MUSICIANS OF VIRGINIA
Tax-exempt · VIRGINIA BCH, VA 23464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $395,934 | $373,002 | $22,932 | $87,124 | $18,095 | $69,029 |
| May 31, 2024 | 990 | $303,652 | $299,604 | $4,048 | $68,234 | $22,137 | $46,097 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $20,095
- Program service revenue
- $375,709
- Investment income
- $10
- Net income from fundraising events
- $120
- Other revenue
- $120
Expenses
- Grants and similar amounts paid
- $5,087
- Compensation of officers, directors and key employees
- $14,477
- Other salaries and wages
- $49,509
- Salaries, compensation and benefits (total)
- $69,842
- Professional fundraising fees
- $0
- Legal fees
- $30
- Accounting fees
- $1,400
- Occupancy
- $26,403
- Depreciation
- $50
- Program services (functional)
- $342,734
- Management and general (functional)
- $30,268
Balance sheet and other
- Total assets, start of year
- $68,234
- Total assets, end of year
- $87,124
- Total liabilities, end of year
- $18,095
- Net assets, end of year
- $69,029
- Net assets without donor restrictions
- $69,029
- Gross receipts
- $395,934
- Employees
- 9
- Volunteers
- 15
- Year formed
- 1991
- State of legal domicile
- VA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allison Siff | Executive Director Key employee | 15 | $14,477 |
| Veronica Dowdell | Secretary Officer | 1 | $4,417 |
| Courtney Rollick | Board Member Trustee or director | 1 | $3,124 |
| Adrianne Sanchez | President Officer | 1 | $0 |
| Stephanie Field | Treasurer Officer | 1 | $0 |
| Gillian Neufville | Board Member Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Allison Siff | Executive Director Key employee | 15 | $12,538 |
| Veronica Dowdell | Secretary Officer | 1 | $4,522 |
| Tyler Bucheister | President Officer | 1 | $0 |
| Lorrie Kinlaw | Treasurer Officer | 1 | $0 |
| Adrianne Sanchez | Vice President Officer | 1 | $0 |
| Stephanie Field | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 865 WOODSTOCK RD, VIRGINIA BCH, VA 23464-2122
- In care of
- % NANCY GRICE
- Principal officer (990 for 2024)
- Stephanie Field, PO Box 64504, Virginia Beach, VA 23467
- Signed the 990
- Stephanie Field, Treasurer
- Phone
- (757) 420-1961
- Return prepared by
- Yeager & Company CPAs PLLC
Mission
To provide music and academic classes and educational programs for homeschooled students. Also to allow students to participate in music competitions, concerts, and field trips.
Program accomplishments
- Educational programs, providing music and academic classes for approximately 152 students which included 36 activities such as concerts, drama, recitals, and field trips.Expenses $342,734 · grants $5,087 · revenue $375,719
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 54-2018258
- 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
- 2001
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $87,124
- Income (IRS master file)
- $395,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $395,934 | $373,002 | $87,124 | XML |
| 990 | May 2024 | $303,652 | $299,604 | $68,234 | XML |
| 990 | May 2023 | $321,705 | $310,295 | $60,947 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 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 54-2018258).
Questions about YOUNG MUSICIANS OF VIRGINIA
- What is the EIN of YOUNG MUSICIANS OF VIRGINIA?
- The employer identification number (EIN) of YOUNG MUSICIANS OF VIRGINIA is 54-2018258.
- Is YOUNG MUSICIANS OF VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to YOUNG MUSICIANS OF VIRGINIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUNG MUSICIANS OF VIRGINIA 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 YOUNG MUSICIANS OF VIRGINIA due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG MUSICIANS OF VIRGINIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of YOUNG MUSICIANS OF VIRGINIA?
- The 990 for the year ended May 31, 2025 names Stephanie Field.
- Who are the officers and directors of YOUNG MUSICIANS OF VIRGINIA?
- The 990 for the year ended May 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $14,477 (Allison Siff, Executive Director).
- How much revenue does YOUNG MUSICIANS OF VIRGINIA have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $395,934, expenses of $373,002 and total assets of $87,124 at year end.
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