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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-3112873

EARL SCRUGGS MUSIC FESTIVAL INC

Tax-exempt · SHELBY, NC 28151

Financials

$113K$2K2023$59K$2K2024
Revenue Expenses · by fiscal year end
Financials of EARL SCRUGGS MUSIC FESTIVAL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$59,123$2,325$56,798$75,926$2,350$73,576
December 31, 2023990-EZ$112,737$2,103$110,634$83,828$1,050$82,778
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$50,000
Program service revenue
$9,123

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$1,600
Other expenses
$725
Program services (functional)
$2,325

Balance sheet and other

Total assets, start of year
$83,828
Total assets, end of year
$75,926
Total liabilities, end of year
$2,350
Net assets, end of year
$73,576
Cash, savings and investments
$25,926
Gross receipts
$59,123

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARY BETH MARTINSECRETARY0$0
JT SCRUGGSCHAIR0$0
SAMUEL L BLUMENTHALVICE CHAIR0$0
MARGARET ANNUNZIATADIRECTOR0$0
MADELINE SMITHTREASURER0$0
JOHN CONDREYDIRECTOR0$0
SHARON DECKERDIRECTOR0$0
MICHELLE YELTONDIRECTOR0$0
DOUG GRONDAHLDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MARY BETH MARTINDIRECTOR0$0
JT SCRUGGSDIRECTOR AND0$0
SAMUEL L BLUMENTHALDIRECTOR0$0
STEPHEN MATHENYTREASURER0$0
JOHN CONDREYDIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 2063, SHELBY, NC 28151-2063
In care of
% MARY BETH MARTIN
Signed the 990-EZ
MADELINE SMITH, TREASURER
Phone
(704) 487-6233
Return prepared by
GRAGG & GRAGG LLP

Mission

TO SUPPORT THE CHARITABLE EFFORTS SURROUNDING THE ANNUAL EARL SCRUGGS MUSIC FESTIVAL AND THE RELATED ORGANIZATIONS. A 509(A)(3)(B)(I) ORGANIZATION WHERE FUNDS DEEMED IN EXCESS OF ADMINISTRATIVE EXEPENSES WILL BE CONTRIBUTED ACCORDING TO FEDERAL AND STATE CHARITABLE CONTRIBUTION LAWS.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • 2024 MUSIC FESTIVAL
    Expenses $2,325

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, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for EARL SCRUGGS MUSIC FESTIVAL INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-3112873
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$75,926
Income (IRS master file)
$59,123

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$59,123$2,325$75,926XML
990-EZDecember 2023$112,737$2,103$83,828XML
990-EZDecember 2022–––IRS
990-EZDecember 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 85-3112873).

Questions about EARL SCRUGGS MUSIC FESTIVAL INC

What is the EIN of EARL SCRUGGS MUSIC FESTIVAL INC?
The employer identification number (EIN) of EARL SCRUGGS MUSIC FESTIVAL INC is 85-3112873.
Is EARL SCRUGGS MUSIC FESTIVAL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to EARL SCRUGGS MUSIC FESTIVAL INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does EARL SCRUGGS MUSIC FESTIVAL 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 EARL SCRUGGS MUSIC FESTIVAL 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 EARL SCRUGGS MUSIC FESTIVAL INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of EARL SCRUGGS MUSIC FESTIVAL INC?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does EARL SCRUGGS MUSIC FESTIVAL INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $59,123, expenses of $2,325 and total assets of $75,926 at year end.

Other nonprofits in SHELBY

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