Nonprofit · EIN 93-2814799
LFMG MUSIC ACADEMY
Tax-exempt · MONTROSE, CO 81401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,276,222 | $189,868 | $1,086,354 | $1,167,821 | $266 | $1,167,555 |
| December 31, 2024 | 990 | $205,673 | $124,472 | $81,201 | $81,252 | $51 | $81,201 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,259,628
- Program service revenue
- $13,397
- Investment income
- $155
- Net income from fundraising events
- $2,892
- Net income from sales of inventory
- $150
- Other revenue
- $3,042
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $37,278
- Travel
- $1,553
- Program services (functional)
- $136,236
- Management and general (functional)
- $34,151
- Fundraising (functional)
- $19,481
Balance sheet and other
- Total assets, start of year
- $81,252
- Total assets, end of year
- $1,167,821
- Total liabilities, end of year
- $266
- Net assets, end of year
- $1,167,555
- Land, buildings and equipment
- $25,000
- Net assets without donor restrictions
- $1,167,555
- Gross receipts
- $1,277,105
- Employees
- 0
- Volunteers
- 20
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Valentina Atencio | Trustee Trustee or director | 0 | $0 |
| Nate Hughes | Trustee Trustee or director | 0 | $0 |
| Edgar J Nava Quiroz | Executive Dir. Trustee or director | 0 | $0 |
| Sierra Quintana | Trustee Trustee or director | 0 | $0 |
| Jahaziel S Serrano | President Officer | 0 | $0 |
| Clara Carrasco | Vice President Officer | 0 | $0 |
| Miguel A Cantu | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Valentina Atencio | Trustee Trustee or director | 0 | $0 |
| Nate Hughes | Trustee Trustee or director | 0 | $0 |
| Edgar J Nava Quiroz | Executive Dir. Trustee or director | 0 | $0 |
| Jahaziel S Serrano | President Officer | 0 | $0 |
| Matt Jones | Vice President Officer | 0 | $0 |
| Cesar Ruiz | Treasurer Officer | 0 | $0 |
| Miguel A Cantu | Secretary Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1017 E MAIN ST, MONTROSE, CO 81401-4041
- Signed the 990
- Edgar J Nava Quiroz, Executive Director
- Return prepared by
- Steele Columbine Books
Mission
At LFMG Music Academy, our mission is to inspire youth through music by providing them with the tools, resources, and relationships they need to thrive in the studio, at school, and in life. We believe music is more than art its a pathway to confidence, community, and leadership. Through hands-on learning, mentorship, and real-world opportunities, we help young people find their voice and use it to create positive change.
Program accomplishments
- In 2025, LFMG Music Academy served over 250 students across seven counties in the Montrose, Colorado region, achieving 100% satisfaction among participants, all of whom reported they would recommend the program to their peers. The organization operated its free afterschool program, IN THE LAB, Monday through Thursday from 46 PM year-round, while also hosting workshops and summer camps at its facility. A new initiative, RockLab, was successfully launched as a 10-week program for youth ages 818 to form bands and culminate in a live performance. Key milestones include surpassing the goal of serving 250 students, maintaining exceptional program satisfaction, and securing critical funding to support long-term sustainability and growth.Expenses $136,236
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 93-2814799
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $1,167,821
- Income (IRS master file)
- $1,277,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,276,222 | $189,868 | $1,167,821 | IRS |
| 990 | December 2024 | $205,673 | $124,472 | $81,252 | XML |
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 93-2814799).
Questions about LFMG MUSIC ACADEMY
- What is the EIN of LFMG MUSIC ACADEMY?
- The employer identification number (EIN) of LFMG MUSIC ACADEMY is 93-2814799.
- Is LFMG MUSIC ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LFMG MUSIC ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LFMG 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 LFMG MUSIC ACADEMY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LFMG MUSIC ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of LFMG MUSIC ACADEMY?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LFMG MUSIC ACADEMY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,276,222, expenses of $189,868 and total assets of $1,167,821 at year end.
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- CHF REVOLVING LOAN FUND EIN 75-3064424 · last filed 990 for 2025
- MONTROSE CHILDRENS MUSEUM EIN 92-1248839 · last filed 990 for 2025
- MONTROSE CENTER FOR THE ARTS EIN 81-4159361 · last filed 990-EZ for 2025
- MONTROSE SUMMER MUSIC SERIES EIN 47-4416138 · last filed 990-EZ for 2025
- FORE-KIN TRAILS GENEALOGICAL SOCIETY EIN 84-0867238 · last filed 990-N for 2025
All nonprofits in MONTROSE · Colorado · Arts, culture and humanities