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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-3527543

KINGS PALACE MUSIC ACADEMY

Tax-exempt · KATY, TX 77493

Financials

$126K$121K2023$143K$147K2024
Revenue Expenses · by fiscal year end
Financials of KINGS PALACE MUSIC ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$143,197$146,533-$3,336$17,971$0$17,971
December 31, 2023990-EZ$125,734$121,498$4,236$21,307–$21,307
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$143,196
Investment income
$1

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$35,380
Occupancy
$951
Printing, publications and postage
$8,265
Other expenses
$101,937

Balance sheet and other

Total assets, start of year
$21,307
Total assets, end of year
$17,971
Total liabilities, end of year
$0
Net assets, end of year
$17,971
Cash, savings and investments
$7,193
Gross receipts
$143,197

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
BABATUNDE JAMES ALEMERUPRESIDENT20$0
OLADIMEJI OLADELEVICE PRESIDENT/COMMUNITY ADVISOR4$0
OLUBUKOLA OLAMIDE ALEMERUSECRETARY6$0
OLUWATOSIN MAKINDETECHNICAL DIRECTOR3$0
TEMITOPE OLABIMPE OPAREMIPROGRAM LIASON OFFICER SECRETARY9$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
BABATUNDE JAMES ALEMERUPRESIDENT20$0
OLADIMEJI OLADELEVICE PRESIDENT/COMMUNITY ADVISOR4$0
OLUBUKOLA OLAMIDE ALEMERUSECRETARY6$0
OLUWATOSIN MAKINDETECHNICAL DIRECTOR3$0
TEMITOPE OLABIMPE OPAREMIPROGRAM LIASON OFFICER SECRETARY9$0

Address and contacts

Address (IRS master file)
5371 E 5TH ST, KATY, TX 77493-2520
Mailing address (990-N for 2021)
5371 EAST FIFTH STREET, KATY TX 77493
Principal officer (990-N for 2021)
ADESINA BABTUNDE BADRU, 5371 EAST FIFTH STREET, KATY TX 77493
Signed the 990-EZ
BABATUNDE ALEMERU, DIRECTOR
Phone
(281) 624-7051
Return prepared by
XPRESS SERVICES

Mission

DISCOVER,DISCIPLE,DEVELOP & DEPLOY MUSICAL TALENTS

990-EZ for the year ended December 31, 2024

Program accomplishments

  • DISCOVER,DISCIPLE,DEVELOP & DEPLOY MUSICAL TALENTS

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 KINGS PALACE MUSIC ACADEMY

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

IRS record

EIN
87-3527543
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$17,971
Income (IRS master file)
$143,197

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$143,197$146,533$17,971XML
990-EZDecember 2023$125,734$121,498$21,307XML
990-EZDecember 2022–––IRS
990-N for 2021
Officer: ADESINA BABTUNDE BADRU
December 31, 2021≤ $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 87-3527543).

Questions about KINGS PALACE MUSIC ACADEMY

What is the EIN of KINGS PALACE MUSIC ACADEMY?
The employer identification number (EIN) of KINGS PALACE MUSIC ACADEMY is 87-3527543.
Is KINGS PALACE MUSIC ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to KINGS PALACE MUSIC ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KINGS PALACE MUSIC ACADEMY 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 KINGS PALACE MUSIC ACADEMY 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 KINGS PALACE MUSIC ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of KINGS PALACE MUSIC ACADEMY?
The 990-N for 2021 names ADESINA BABTUNDE BADRU.
Who are the officers and directors of KINGS PALACE MUSIC ACADEMY?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does KINGS PALACE MUSIC ACADEMY have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $143,197, expenses of $146,533 and total assets of $17,971 at year end.

Other nonprofits in KATY

All nonprofits in KATY · Texas · Religion-related