Nonprofit · EIN 81-5259602
ELITE MUSIC COMPETITION CORP
Tax-exempt · EAST HANOVER, NJ 07936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $443,718 | $436,633 | $7,085 | $392,033 | $146,702 | $245,331 |
| December 31, 2024 | 990 | $385,466 | $380,614 | $4,852 | $435,905 | $197,659 | $238,246 |
| December 31, 2023 | 990 | $387,439 | $382,575 | $4,864 | $503,796 | $270,402 | $233,394 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $443,718
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $161,972
- Salaries, compensation and benefits (total)
- $168,915
- Professional fundraising fees
- $0
- Accounting fees
- $2,950
- Occupancy
- $209,848
- Travel
- $494
- Program services (functional)
- $247,648
- Management and general (functional)
- $188,985
Balance sheet and other
- Total assets, start of year
- $435,905
- Total assets, end of year
- $392,033
- Total liabilities, end of year
- $146,702
- Net assets, end of year
- $245,331
- Gross receipts
- $443,718
- Employees
- 3
- Year formed
- 2017
- State of legal domicile
- NJ
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alla Iovel | President Officer | 30 | $43,500 |
| Lev Iovel | VP Officer | 30 | $43,500 |
| Aleksandr Iovel | VP Officer | 30 | $43,500 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLA IOVEL | PRESIDENT Officer | 30 | $62,940 |
| LEV IOVEL | VP Officer | 30 | $62,940 |
| ALEK IOVEL | VP Officer | 25 | $62,940 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLA IOVEL | PRESIDENT Officer | 30 | $54,000 |
| LEV IOVEL | VP Officer | 30 | $54,000 |
| ALEK IOVEL | MANAGER Key employee | 30 | $54,000 |
Address and contacts
- Address (IRS master file)
- 4 LYONS PL, EAST HANOVER, NJ 07936-3057
- In care of
- % ALLA IOVEL
- Principal officer (990 for 2025)
- Alla Iovel, 4 Lyons Place, East Hanover, NJ 07936
- Signed the 990
- Alla Iovel, President
- Phone
- (973) 599-0221
- Return prepared by
- AST Tax and Accounting LLC
Mission
Provide International music competition programs to elementary students and young adults.
Program accomplishments
- Provide International music competition programs to elementary students and young adults.Expenses $436,633 · revenue $443,718
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5259602
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A90)
- Assets (IRS master file)
- $392,033
- Income (IRS master file)
- $443,718
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $443,718 | $436,633 | $392,033 | XML |
| 990 | December 2024 | $385,466 | $380,614 | $435,905 | XML |
| 990 | December 2023 | $387,439 | $382,575 | $503,796 | XML |
| 990 | December 2022 | $382,542 | $164,210 | $448,530 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 81-5259602).
Questions about ELITE MUSIC COMPETITION CORP
- What is the EIN of ELITE MUSIC COMPETITION CORP?
- The employer identification number (EIN) of ELITE MUSIC COMPETITION CORP is 81-5259602.
- Is ELITE MUSIC COMPETITION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to ELITE MUSIC COMPETITION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELITE MUSIC COMPETITION CORP 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 ELITE MUSIC COMPETITION CORP 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 ELITE MUSIC COMPETITION CORP 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 ELITE MUSIC COMPETITION CORP?
- The 990 for the year ended December 31, 2025 names Alla Iovel.
- Who are the officers and directors of ELITE MUSIC COMPETITION CORP?
- The 990 for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $43,500 (Alla Iovel, President).
- How much revenue does ELITE MUSIC COMPETITION CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $443,718, expenses of $436,633 and total assets of $392,033 at year end.
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