Nonprofit · EIN 83-3200894
THE MUSIC ACADEMY FOUNDATION INC
Tax-exempt · GARDEN CITY S, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $699,374 | $708,403 | -$9,029 | $525,631 | $521,181 | $4,450 |
| December 31, 2023 | 990 | $598,871 | $559,633 | $39,238 | $602,552 | $589,073 | $13,479 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,995
- of which government grants
- $10,995
- Program service revenue
- $669,282
- Investment income
- $20
- Net income from fundraising events
- $13,514
- Other revenue
- $19,077
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $188,863
- Other salaries and wages
- $22,515
- Salaries, compensation and benefits (total)
- $228,374
- Professional fundraising fees
- $0
- Accounting fees
- $10,933
- Occupancy
- $18,000
- Depreciation
- $73,844
- Program services (functional)
- $663,750
- Management and general (functional)
- $36,475
- Fundraising (functional)
- $8,178
Balance sheet and other
- Total assets, start of year
- $602,552
- Total assets, end of year
- $525,631
- Total liabilities, end of year
- $521,181
- Net assets, end of year
- $4,450
- Land, buildings and equipment
- $4,153
- Net assets without donor restrictions
- $4,450
- Gross receipts
- $713,235
- Employees
- 3
- Volunteers
- 1
- Year formed
- 2017
- State of legal domicile
- NY
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 |
|---|---|---|---|
| PETER COCO | PRESIDENTEXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $148,500 |
| DEBORAH COCO | TREASURERDIRECTOR Trustee or director, Officer | 20 | $40,363 |
| DANIELLE GENOVA | DIRECTOR Trustee or director | 5 | $0 |
| GINA DADDARIO | DIRECTOR Trustee or director | 5 | $0 |
| MATT WILSON | DIRECTOR Trustee or director | 5 | $0 |
| JENNIFER KIGHTLINGER | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER COCO | PRESIDENTEXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $104,000 |
| DEBORAH COCO | TREASURERDIRECTOR Trustee or director, Officer | 20 | $21,203 |
| MATT WILSON | DIRECTOR Trustee or director | 5 | $0 |
| JENNIFER KIGHTLINGER | DIRECTOR Trustee or director | 5 | $0 |
| DANIELLE GENOVA | DIRECTOR Trustee or director | 5 | $0 |
| GINA DADDARIO | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 42 NASSAU BLVD STE 200, GARDEN CITY S, NY 11530-5564
- In care of
- % PETER COCO
- Mailing address (990-N for 2019)
- 32 Nassau Blvd South, Garden City NY 11530
- Principal officer (990-N for 2019)
- Peter Coco, 32 Nassau Blvd South, Garden City NY 11530
- Signed the 990
- PETER COCO, President
- Phone
- (516) 302-6861
- Website
- https://musicacademyofgc.com
- Return prepared by
- Donald Damore CPA PC
Mission
To promote the musical arts through financial assistance for high-quality music programs in and out of public and private schools, by providing instruments to local school music programs and scholarships to talented music students.
Program accomplishments
- Provide music lessons, scholarships, music therapy, theater programs, instruments to under-served schools, fund educational outreach including scholarships and spearhead concert series.Expenses $663,750
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
- 83-3200894
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $525,631
- Income (IRS master file)
- $713,235
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $699,374 | $708,403 | $525,631 | IRS |
| 990 | December 2023 | $598,871 | $559,633 | $602,552 | XML |
| 990 | December 2022 | $478,286 | $483,458 | $630,843 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Peter Coco | December 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 83-3200894).
Questions about THE MUSIC ACADEMY FOUNDATION INC
- What is the EIN of THE MUSIC ACADEMY FOUNDATION INC?
- The employer identification number (EIN) of THE MUSIC ACADEMY FOUNDATION INC is 83-3200894.
- Is THE MUSIC ACADEMY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE MUSIC ACADEMY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MUSIC ACADEMY FOUNDATION 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 THE MUSIC ACADEMY FOUNDATION 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 THE MUSIC ACADEMY FOUNDATION 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 THE MUSIC ACADEMY FOUNDATION INC?
- The 990-N for 2019 names Peter Coco.
- Who are the officers and directors of THE MUSIC ACADEMY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $148,500 (PETER COCO, PRESIDENTEXECUTIVE DIRECTOR).
- How much revenue does THE MUSIC ACADEMY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $699,374, expenses of $708,403 and total assets of $525,631 at year end.
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- SOCCER LEAGUE OF LONG ISLAND INC EIN 11-2906698 · last filed 990 for 2025
All nonprofits in GARDEN CITY S · New York · Arts, culture and humanities