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Nonprofit · EIN 81-3554790

ISLAND TIME MUSIC FESTIVAL

Tax-exempt (reinstated) · NASHVILLE, TN 37214

Financials

$13K$41K2024$146K$134K2025
Revenue Expenses · by fiscal year end
Financials of ISLAND TIME MUSIC FESTIVAL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$145,575$133,933$11,642$21,844$0$21,844
December 31, 2024990$13,494$41,204-$27,710$18,482$0$18,482
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,200
Program service revenue
$144,375
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$13,000
Salaries, compensation and benefits (total)
$13,000
Professional fundraising fees
$0
Accounting fees
$350
Occupancy
$5,500
Travel
$46,468
Program services (functional)
$76,298
Management and general (functional)
$53,912
Fundraising (functional)
$3,723

Balance sheet and other

Total assets, start of year
$18,482
Total assets, end of year
$21,844
Total liabilities, end of year
$0
Net assets, end of year
$21,844
Gross receipts
$145,575
Employees
0
State of legal domicile
TN

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
SHELEE CORNILSENCOORDINATOR
Trustee or director
5$13,000
ROB GOTHTREASURER/CO-CHAIR
Trustee or director
5$0
SKIP BISHOPDIRECTOR
Trustee or director
5$0
TYLOR BAILEYAUCTION COORDINATOR
Trustee or director
5$0
MARK DIXONISLAND OPERATIONS
Trustee or director
5$0
LINDSAY LAWLERSPONSOR COORDINATOR
Trustee or director
5$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
SHELEE CORNILSENCOORDINATOR
Trustee or director
5$12,000
ROB GOTHTREASURER/CO-CHAIR
Trustee or director
5$0
SKIP BISHOPDIRECTOR
Trustee or director
5$0
TYLOR BAILEYAUCTION COORDINATOR
Trustee or director
5$0
MARK DIXONISLAND OPERATIONS
Trustee or director
5$0
LINDSAY LAWLERSPONSOR COORDINATOR
Trustee or director
5$0
STEVE MARTINEZISLAND CO-OPERATIONS
Trustee or director
5$0

Address and contacts

Address (IRS master file)
PO BOX 148831, NASHVILLE, TN 37214-8831
In care of
% SHELEE CORNILSEN
Principal officer (990 for 2025)
Shelee Cornilsen, P O BOX 148831, Nashville, TN 37214
Signed the 990
Shelee Cornilsen, Coordintor
Phone
(530) 301-1090
Return prepared by
HRB TAX GROUP INC

Mission

Held music festival in February Supported Little Yellow School Built community support

990 for the year ended December 31, 2025

Program accomplishments

  • Music Festival to improve community relations, support school, improve quality of life
    Expenses $76,298 · revenue $144,375

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

File the 2026 990-EZ for ISLAND TIME MUSIC FESTIVAL

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
81-3554790
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,844
Income (IRS master file)
$145,575

Revocation and reinstatement

Exemption revoked
May 15, 2024
Posted by the IRS
August 12, 2024
Reinstated
Effective May 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$145,575$133,933$21,844IRS
990December 2024$13,494$41,204$18,482XML
990December 2020–––IRS
990December 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 81-3554790).

Questions about ISLAND TIME MUSIC FESTIVAL

What is the EIN of ISLAND TIME MUSIC FESTIVAL?
The employer identification number (EIN) of ISLAND TIME MUSIC FESTIVAL is 81-3554790.
Is ISLAND TIME MUSIC FESTIVAL tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
Are donations to ISLAND TIME MUSIC FESTIVAL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ISLAND TIME MUSIC FESTIVAL 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 ISLAND TIME MUSIC FESTIVAL due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ISLAND TIME MUSIC FESTIVAL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ISLAND TIME MUSIC FESTIVAL?
The 990 for the year ended December 31, 2025 names Shelee Cornilsen.
Who are the officers and directors of ISLAND TIME MUSIC FESTIVAL?
The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $13,000 (SHELEE CORNILSEN, COORDINATOR).
How much revenue does ISLAND TIME MUSIC FESTIVAL have?
On its 990 for the year ended December 31, 2025 it reported revenue of $145,575, expenses of $133,933 and total assets of $21,844 at year end.

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