Nonprofit · EIN 88-4398693
ITHACA SUZUKI MUSIC FOUNDATION INC
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $250,840 | $251,676 | -$836 | $301,471 | $208,023 | $93,448 |
| December 31, 2024 | 990 | $269,293 | $218,738 | $50,555 | $76,513 | $958 | $75,555 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $11,362
- Program service revenue
- $239,461
- Investment income
- $17
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $162,692
- Salaries, compensation and benefits (total)
- $179,538
- Professional fundraising fees
- $0
- Accounting fees
- $3,840
- Occupancy
- $28,959
- Travel
- $9,333
- Depreciation
- $898
- Program services (functional)
- $205,430
- Management and general (functional)
- $38,042
- Fundraising (functional)
- $8,204
Balance sheet and other
- Total assets, start of year
- $76,513
- Total assets, end of year
- $301,471
- Total liabilities, end of year
- $208,023
- Net assets, end of year
- $93,448
- Land, buildings and equipment
- $26,418
- Net assets without donor restrictions
- $59,089
- Net assets with donor restrictions
- $34,359
- Gross receipts
- $250,840
- Employees
- 7
- Volunteers
- 6
- Year formed
- 2022
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathryn Drake | Executive Director Key employee | 40 | $69,523 |
| Nate Cook | Board Member Trustee or director | 1 | $0 |
| Kathy McHugh | Board Member Trustee or director | 1 | $0 |
| Kirsten Marshall | Board Member Trustee or director | 1 | $0 |
| Megan Barber | President Officer | 1 | $0 |
| Christina Mead | Treasurer Officer | 1 | $0 |
| Kristen Grace | Secretary Officer | 1 | $0 |
| Sarah Cummings | Co-Director Key employee | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN DRAKE | CO-DIRECTOR Officer | 15 | $36,892 |
| SARAH CUMMINGS | CO-DIRECTOR Officer | 15 | $25,398 |
| MEGAN BARBER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRISTINA MEAD | TREASURER Trustee or director, Officer | 1 | $0 |
| KRISTEN GRACE | SECRETARY Trustee or director, Officer | 1 | $0 |
| KRISTEN MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| KATHY MCHUGH | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 950 DANBY ROAD, ITHACA, NY 14850-5778
- In care of
- % KATHRYN DRAKE
- Mailing address (990-N for 2023)
- 929 DANBY RD, ITHACA NY 148505719
- Principal officer (990-N for 2023)
- Carrie Reuning-Hummel, 19 Strowbridge St, Trumansburg NY 14886
- Signed the 990
- KATHRYN DRAKE, Executive Director
- Phone
- (607) 272-6006
- Return prepared by
- Kurt Behrenfeld CPA PLLC
Mission
To stimulate interest and learning in music through scholorships and other initiatives.
Program accomplishments
- To stimulate interest and learning in music through scholarships adn other initiatvies that support music education in the Suzuki method.Expenses $205,430
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | Check at the IRS |
IRS record
- EIN
- 88-4398693
- 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
- 2023
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $301,471
- Income (IRS master file)
- $250,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $250,840 | $251,676 | $301,471 | XML |
| 990 | December 2024 | $269,293 | $218,738 | $76,513 | IRS |
| 990-N for 2023 Officer: Carrie Reuning-Hummel | December 31, 2023 | ≤ $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 88-4398693).
Questions about ITHACA SUZUKI MUSIC FOUNDATION INC
- What is the EIN of ITHACA SUZUKI MUSIC FOUNDATION INC?
- The employer identification number (EIN) of ITHACA SUZUKI MUSIC FOUNDATION INC is 88-4398693.
- Is ITHACA SUZUKI MUSIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ITHACA SUZUKI MUSIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ITHACA SUZUKI MUSIC 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 ITHACA SUZUKI MUSIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ITHACA SUZUKI MUSIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ITHACA SUZUKI MUSIC FOUNDATION INC?
- The 990-N for 2023 names Carrie Reuning-Hummel.
- Who are the officers and directors of ITHACA SUZUKI MUSIC FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $69,523 (Kathryn Drake, Executive Director).
- How much revenue does ITHACA SUZUKI MUSIC FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $250,840, expenses of $251,676 and total assets of $301,471 at year end.
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- OPUS ITHACA SCHOOL OF MUSIC INC EIN 90-0760945 · last filed 990 for 2025
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All nonprofits in ITHACA · New York · Arts, culture and humanities