Nonprofit · EIN 82-1489150
BAHAMAS MUSIC FOUNDATION USA INC
Tax-exempt · WINDERMERE, FL 34786
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,472,111 | $3,923,921 | -$451,810 | $2,395,747 | $22 | $2,395,725 |
| December 31, 2023 | 990 | $2,761,127 | $4,135,492 | -$1,374,365 | $2,850,014 | $0 | $2,850,014 |
| December 31, 2022 | 990 | $136,835 | $1,608,637 | -$1,471,802 | $4,226,766 | $0 | $4,226,766 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,354,314
- Program service revenue
- $0
- Investment income
- $117,797
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,882,241
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,786
- Accounting fees
- $20,646
- Program services (functional)
- $3,882,241
- Management and general (functional)
- $41,680
Balance sheet and other
- Total assets, start of year
- $2,850,014
- Total assets, end of year
- $2,395,747
- Total liabilities, end of year
- $22
- Net assets, end of year
- $2,395,725
- Net assets without donor restrictions
- $2,395,725
- Gross receipts
- $3,472,111
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2017
- State of legal domicile
- FL
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS MCMAHON | PRESIDENT AND TREASURER Trustee or director, Officer | 1 | $0 |
| LAUREN MORGAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DIANNE SPARROW | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS MCMAHON | PRESIDENT AND TREASURER Trustee or director, Officer | 1 | $0 |
| LAUREN MORGAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DIANNE SPARROW | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS MCMAHON | DIRECTOR Trustee or director | 1 | $0 |
| LAUREN MORGAN | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER MANGUM | DIRECTOR Trustee or director | 1 | $0 |
| JASON CALLENDER | PRESIDENT Officer | 1 | $0 |
| DAMINEM MICHELMORE | VICE PRESIDENT Officer | 1 | $0 |
| DONYA MYRICK | SECRETARY Officer | 1 | $0 |
| PAUL HIGGS | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 9350 CONROY WINDERMERE RD, WINDERMERE, FL 34786-8411
- In care of
- % DONYA MYRICK
- Principal officer (990 for 2024)
- DOUGLAS MCMAHON, 9350 CONROY WINDERMERE RD, WINDERMERE, FL 34786
- Signed the 990
- LAUREN MORGAN, OFFICER
- Phone
- (407) 909-7253
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
EDUCATION OF BAHAMAS YOUTH THROUGH SCHOLARSHIPS AND DISASTER RELIEF AND REBUILDING EFFORTS DUE TO HURRICANES AND OTHER NATURAL DISASTERS.
Program accomplishments
- THE BAHAMAS YOUTH FOUNDATION IS FOCUSED ON HELPING TALENTED AND GIFTED YOUNG PEOPLE, THROUGH AWARDING SCHOLARSHIPS IN MUSIC, THE ARTS, ACADEMICS, AND ATHLETES. THE BAHAMAS YOUTH FOUNDATION FUNDAMENTALLY BELIEVES IN THE POTENTIAL OF EVERY SINGLE YOUNG PERSON TO ACHIEVE THEIR DREAMS THROUGH HARD WORK, EDUCATION, EXPOSURES AND EXPERIENCES THAT HELP THEM LEARN THEIR CRAFT AND WHAT IT TAKES TO SUCCEED IN IT.Expenses $3,882,241 · grants $3,882,241
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 | Not 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
- 82-1489150
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,395,747
- Income (IRS master file)
- $3,472,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,472,111 | $3,923,921 | $2,395,747 | IRS |
| 990 | December 2023 | $2,761,127 | $4,135,492 | $2,850,014 | XML |
| 990 | December 2022 | $136,835 | $1,608,637 | $4,226,766 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 82-1489150).
Questions about BAHAMAS MUSIC FOUNDATION USA INC
- What is the EIN of BAHAMAS MUSIC FOUNDATION USA INC?
- The employer identification number (EIN) of BAHAMAS MUSIC FOUNDATION USA INC is 82-1489150.
- Is BAHAMAS MUSIC FOUNDATION USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BAHAMAS MUSIC FOUNDATION USA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAHAMAS MUSIC FOUNDATION USA INC 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 BAHAMAS MUSIC FOUNDATION USA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAHAMAS MUSIC FOUNDATION USA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BAHAMAS MUSIC FOUNDATION USA INC?
- The 990 for the year ended December 31, 2024 names DOUGLAS MCMAHON.
- Who are the officers and directors of BAHAMAS MUSIC FOUNDATION USA INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BAHAMAS MUSIC FOUNDATION USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,472,111, expenses of $3,923,921 and total assets of $2,395,747 at year end.
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