Nonprofit · EIN 80-0196658
MARKET STREET MUSIC CORPORATION
Also known as MARKET STREET MUSIC
Tax-exempt · WILMINGTON, DE 19801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $117,151 | $91,024 | $26,127 | $104,116 | $0 | $104,116 |
| August 31, 2024 | 990-EZ | $101,205 | $120,900 | -$19,695 | $77,989 | $0 | $77,989 |
| August 31, 2023 | 990-EZ | $67,654 | $84,907 | -$17,253 | $95,374 | $0 | $95,374 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $108,371
- Program service revenue
- $8,780
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $76,353
- Occupancy
- $4,585
- Printing, publications and postage
- $4,295
- Other expenses
- $5,791
- Program services (functional)
- $91,025
Balance sheet and other
- Total assets, start of year
- $77,989
- Total assets, end of year
- $104,116
- Total liabilities, end of year
- $0
- Net assets, end of year
- $104,116
- Cash, savings and investments
- $104,116
- Gross receipts
- $117,151
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Prithi Gopal | Secretary | 5 | $0 |
| Stephen Fugate | Treasurer | 7 | $0 |
| Jordan Barrett | Vice President | 10 | $0 |
| Noble Thompson | Board Member | 5 | $0 |
| Mary Wilcosky | Board Member | 5 | $0 |
| Charles Grove | Board Member | 5 | $0 |
| Andrew Casey | President | 6 | $0 |
| Leanna Magerr | Board Member | 5 | $0 |
990-EZ for the year ended August 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Schelat | President and Musical Director | 15 | $0 |
| Prithi Gopal | Secretary | 10 | $0 |
| Stephen Fugate | Treasurer | 10 | $0 |
| Jordan Barrett | Vice President | 10 | $0 |
| Noble Thompson | Board Member | 5 | $0 |
| Elizabeth Higgenbotham | Board Member | 5 | $0 |
| Mary Wilcosky | Board Member | 5 | $0 |
| Charles Grove | Board Member | 5 | $0 |
| Andrew Casey | Board Member | 5 | $0 |
| Leanna Magerr | Board Member | 5 | $0 |
990-EZ for the year ended August 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Schelat | President and Musical Director | 15 | $0 |
| Prithi Gopal | Secretary | 10 | $0 |
| Stephen Fugate | Treasurer | 10 | $0 |
| Jordan Barrett | Vice President | 10 | $0 |
| Noble Thompson | Board Member | 5 | $0 |
| Elizabeth Higgenbotham | Board Member | 5 | $0 |
| Mary Wilcosky | Board Member | 5 | $0 |
| Charles Grove | Board Member | 5 | $0 |
| Andrew Casey | Board Member | 5 | $0 |
| Leanna Magerr | Board Member | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 N MARKET ST, WILMINGTON, DE 19801-1223
- In care of
- % DAVID P SCHELAT
- Mailing address (990-N for 2018)
- 1101 N Market Street, Wilmington DE 19801
- Principal officer (990-N for 2018)
- David P Schelat, 1101 North Market Street, Wilmington DE 19801
- Signed the 990-EZ
- Stephen Fugate, Treasurer
- Phone
- (302) 654-5371
- Website
- marketstreetmusicde.org
Mission
Musical Events- Produced varied musical events the majority of which were made available at no cost. In all, over 1500 audience members were served, more than 300 of which were students and more than 200 of which were senior citizens.
Program accomplishments
- Musical Events- Produced varied musical events the majority of which were made available at no cost. In all, over 1500 audience members were served, more than 300 of which were students and more than 200 of which were senior citizens. Provided paying performance opportunities for local and regional musicians.
- Musical Events- Produced varied musical events the majority of which were made available at no cost. In all, over 1500 audience members were served, more than 300 of which were students and more than 200 of which were senior citizens. provided paying performance opportunities to locan and regional musiciansExpenses $91,025
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 80-0196658
- 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
- 2009
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $104,116
- Income (IRS master file)
- $117,151
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $117,151 | $91,024 | $104,116 | XML |
| 990-EZ | August 2024 | $101,205 | $120,900 | $77,989 | XML |
| 990-EZ | August 2023 | $67,654 | $84,907 | $95,374 | XML |
| 990-EZ | August 2022 | – | – | – | IRS |
| 990-EZ | August 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: David P Schelat | August 31, 2019 | ≤ $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 80-0196658).
Questions about MARKET STREET MUSIC CORPORATION
- What is the EIN of MARKET STREET MUSIC CORPORATION?
- The employer identification number (EIN) of MARKET STREET MUSIC CORPORATION is 80-0196658.
- Is MARKET STREET MUSIC CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MARKET STREET MUSIC CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARKET STREET MUSIC CORPORATION 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 MARKET STREET MUSIC CORPORATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARKET STREET MUSIC CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who is the principal officer of MARKET STREET MUSIC CORPORATION?
- The 990-N for 2018 names David P Schelat.
- Who are the officers and directors of MARKET STREET MUSIC CORPORATION?
- The 990-EZ for the year ended August 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MARKET STREET MUSIC CORPORATION have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $117,151, expenses of $91,024 and total assets of $104,116 at year end.
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All nonprofits in WILMINGTON · Delaware · Arts, culture and humanities