Nonprofit · EIN 81-2226622
TMS WEST
Tax-exempt · CLEVELAND, OH 44106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $0 | $100,289 | -$100,289 | $3,401,965 | $0 | $3,401,965 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $100,289
- Management and general (functional)
- $100,289
Balance sheet and other
- Total assets, start of year
- $3,502,254
- Total assets, end of year
- $3,401,965
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,401,965
- Land, buildings and equipment
- $3,401,961
- Net assets without donor restrictions
- $3,401,965
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2016
- State of legal domicile
- OH
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 | From related orgs |
|---|---|---|---|---|
| GERALYN M PRESTI | PRESIDENT Trustee or director, Officer | 1 | $0 | $191,000 |
| MAURA L HUGHES | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOHN W WALDECK JR | VICE PRESIDENT & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH A WILCOX | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN J MILLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11125 MAGNOLIA DRIVE 410, CLEVELAND, OH 44106-1813
- In care of
- % MS PATRICIA CAMACHO HUGHES
- Principal officer (990 for 2024)
- GERALYN M PRESTI, 11125 MAGNOLIA DRIVE 410, CLEVELAND, OH 44106
- Signed the 990
- GERALYN M PRESTI, PRESIDENT
- Phone
- (216) 421-5806
- Return prepared by
- ZINNER & CO LLP
Mission
TMS WEST, WHOLLY OWNED BY THE MUSIC SETTLEMENT, WAS INCORPORATED IN THE STATE OF OHIO AS A NOT-FOR-PROFIT ORGANIZATION FOR THE PURPOSE OF ESTABLISHING A QUALIFIED ACTIVE LOW- INCOME COMMUNITY BUSINESS PARTICIPATING IN A NEW MARKETS TAX CREDIT (NMTC) REAL ESTATE DEVELOPMENT PROJECT ON CLEVELAND'S WEST SIDE. TMS WEST OWNS A COMMERCIAL UNIT IN A NEW MIXED-USE RESIDENTIAL AND COMMERCIAL BUILDING CONSTRUCTED IN 2018. UNDER A LONG-TERM AGREEMENT TMS WEST LEASES ITS FACILITY TO THE MUSIC SETTLEMENT FOR OPERATING ITS PROGRAMS ON CLEVELAND'S WEST SIDE. THE MUSIC SETTLEMENT'S PROGRAMS AT THIS LOCATION INCLUDE EARLY CHILDHOOD, MUSIC LESSONS AND MUSIC THERAPY SERVICES.
Program accomplishments
- THERE WERE NO APPLICABLE PROGRAM SERVICES THIS FISCAL YEAR.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 81-2226622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $3,401,965
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $80,970 | $201,260 | $4,438,656 | IRS |
| 990 | June 2022 | $88,041 | $191,261 | $4,558,946 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TMS WEST
- What is the EIN of TMS WEST?
- The employer identification number (EIN) of TMS WEST is 81-2226622.
- Is TMS WEST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to TMS WEST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TMS WEST file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TMS WEST 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 TMS WEST 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 TMS WEST?
- The 990 for the year ended June 30, 2025 names GERALYN M PRESTI.
- Who are the officers and directors of TMS WEST?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does TMS WEST have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $0, expenses of $100,289 and total assets of $3,401,965 at year end.
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