Nonprofit · EIN 84-3854279
VM MUSIC COMPANY INC
Tax-exempt · COPPELL, TX 75019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $399,995 | $343,074 | $56,921 | $714,906 | $4,295 | $710,611 |
| December 31, 2023 | 990 | $457,466 | $245,519 | $211,947 | $656,082 | $2,392 | $653,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,326
- Membership dues
- $120
- Program service revenue
- $305,536
- Investment income
- $37,133
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $181,771
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $33,538
- Salaries, compensation and benefits (total)
- $39,823
- Professional fundraising fees
- $0
- Occupancy
- $7,540
- Program services (functional)
- $294,157
- Management and general (functional)
- $48,917
Balance sheet and other
- Total assets, start of year
- $656,082
- Total assets, end of year
- $714,906
- Total liabilities, end of year
- $4,295
- Net assets, end of year
- $710,611
- Publicly traded securities
- $453,178
- Net assets without donor restrictions
- $257,433
- Net assets with donor restrictions
- $453,178
- Gross receipts
- $399,995
- Employees
- 1
- Volunteers
- 140
- Year formed
- 2019
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Michael Thompson | Secretary Trustee or director, Officer | 1.5 | $0 |
| Warren Nagumo | Treasurer Trustee or director, Officer | 5 | $0 |
| J R Leath | Director Trustee or director | 1.5 | $0 |
| Baxter Fullerton | Director Trustee or director | 1.5 | $0 |
| Michele Fullerton | Director Trustee or director | 1.5 | $0 |
| Robert Siebert | Director Trustee or director | 1.5 | $0 |
| Nick Alexander | Vice President Trustee or director, Officer | 5 | $0 |
| Richard Strunk | Vice President Trustee or director, Officer | 5 | $0 |
| Phil McShan | President Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Hubbard | President Trustee or director, Officer | 5 | $0 |
| Michael Thompson | Secretary Trustee or director, Officer | 1.5 | $0 |
| Warren Nagumo | Treasurer Trustee or director, Officer | 5 | $0 |
| J R Leath | Director Trustee or director | 1.5 | $0 |
| Baxter Fullerton | Director Trustee or director | 1.5 | $0 |
| Michele Fullerton | Director Trustee or director | 1.5 | $0 |
| Robert Siebert | Director Trustee or director | 1.5 | $0 |
| Nick Alexander | Director Trustee or director | 1.5 | $0 |
| Greg Clancy | Director Trustee or director | 1.5 | $0 |
| John LeBlanc | Director Trustee or director | 2.5 | $0 |
| Richard Strunk | Vice President Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3463, COPPELL, TX 75019-3406
- Principal officer (990 for 2024)
- Phil McShan, P O Box 3463, Coppell, TX 75019
- Signed the 990
- Warren Nagumo, Treasurer
- Phone
- (817) 253-6873
Mission
The purpose for which the Corporation is organized is to educate the public and its members through the creation, promotion, and performance of all forms of vocal music and related art forms.
Program accomplishments
- Cash contributions to community and school music programsExpenses $181,771
- Planning, production and management for ten major public vocal music performances. Over 6,000 people attended these events.Expenses $107,725 · revenue $277,355
- Planning, production, and acquisition of recorded music and video for organizational program use.Expenses $4,661 · revenue $28,181
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
- 84-3854279
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6B)
- Assets (IRS master file)
- $714,906
- Income (IRS master file)
- $399,995
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $399,995 | $343,074 | $714,906 | IRS |
| 990 | December 2023 | $457,466 | $245,519 | $656,082 | XML |
| 990 | December 2022 | $510,842 | $84,334 | $443,333 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 84-3854279).
Questions about VM MUSIC COMPANY INC
- What is the EIN of VM MUSIC COMPANY INC?
- The employer identification number (EIN) of VM MUSIC COMPANY INC is 84-3854279.
- Is VM MUSIC COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to VM MUSIC COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VM MUSIC COMPANY 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 VM MUSIC COMPANY 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 VM MUSIC COMPANY 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 VM MUSIC COMPANY INC?
- The 990 for the year ended December 31, 2024 names Phil McShan.
- Who are the officers and directors of VM MUSIC COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does VM MUSIC COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $399,995, expenses of $343,074 and total assets of $714,906 at year end.
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