Nonprofit · EIN 95-2250007
YOUNG MUSICIANS FOUNDATION
Tax-exempt · LOS ANGELES, CA 90011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,061,461 | $1,110,745 | -$49,284 | $1,167,109 | $0 | $1,167,109 |
| June 30, 2024 | 990 | $1,162,054 | $1,191,194 | -$29,140 | $1,430,668 | $41,301 | $1,389,367 |
| June 30, 2023 | 990 | $1,249,159 | $1,132,567 | $116,592 | $1,419,474 | $0 | $1,419,474 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $831,184
- Program service revenue
- $229,707
- Investment income
- $570
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $118,850
- Other salaries and wages
- $492,977
- Salaries, compensation and benefits (total)
- $873,943
- Professional fundraising fees
- $0
- Accounting fees
- $31,670
- Occupancy
- $30,601
- Depreciation
- $58,053
- Program services (functional)
- $988,552
- Management and general (functional)
- $46,825
- Fundraising (functional)
- $75,368
Balance sheet and other
- Total assets, start of year
- $1,430,668
- Total assets, end of year
- $1,167,109
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,167,109
- Land, buildings and equipment
- $852,825
- Publicly traded securities
- $35,295
- Net assets without donor restrictions
- $1,167,109
- Gross receipts
- $1,061,461
- Employees
- 40
- Year formed
- 1955
- State of legal domicile
- CA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER ZOOI | EXECUTIVE DIRECTOR Officer | 40 | $118,850 |
| MARGOT SMITH THOMAS | DIRECTOR Trustee or director | 5 | $0 |
| FRED SCHOLDER | DIRECTOR Trustee or director | 5 | $0 |
| DANIEL ROTHMULLER | DIRECTOR Trustee or director | 5 | $0 |
| G BEVERLY BERGMANN | DIRECTOR Trustee or director | 5 | $0 |
| LORI HYLAND | DIRECTOR Trustee or director | 5 | $0 |
| YOLLA KAIROUZ | DIRECTOR Trustee or director | 5 | $0 |
| DEBRA BURKART | DIRECTOR Trustee or director | 5 | $0 |
| JAMEY LAMANNA | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
| LOREN ALISON | SECRETARY Trustee or director, Officer | 10 | $0 |
| EBBY KAHEN | TREASURER Trustee or director, Officer | 10 | $0 |
| SKIP SUSSMAN | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER ZOOI | EXECUTIVE DIRECTOR Officer | 40 | $113,190 |
| LORI HYLAND | DIRECTOR Trustee or director | 10 | $0 |
| YOLLA KAIROUZ | DIRECTOR Trustee or director | 10 | $0 |
| DEB BURKART | DIRECTOR Trustee or director | 5 | $0 |
| G BEVERLY BERGMANN | DIRECTOR Trustee or director | 10 | $0 |
| DANIEL ROTHMULLER | DIRECTOR Trustee or director | 10 | $0 |
| MARGOT SMITH THOMAS | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
| ARNOLD SEIDEL | TREASURER Trustee or director, Officer | 10 | $0 |
| FRED SCHOLDER | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER ZOOI | EXECUTIVE DIRECTOR Officer | 40 | $90,833 |
| G BEVERLY BERGMANN | DIRECTOR Trustee or director | 10 | $0 |
| LORI HYLAND | DIRECTOR Trustee or director | 10 | $0 |
| DEB BURKART | DIRECTOR Trustee or director | 5 | $0 |
| DANIEL ROTHMULLER | DIRECTOR Trustee or director | 10 | $0 |
| MARGOT SMITH THOMAS | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
| ARNOLD SEIDEL | TREASURER Trustee or director, Officer | 10 | $0 |
| FRED SCHOLDER | SECRETARY Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1044 EAST JEFFERSON BLVD, LOS ANGELES, CA 90011-6273
- In care of
- % WALTER ZOOI
- Signed the 990
- WALTER ZOOI, EXECUTIVE DIRECTOR
- Phone
- (323) 987-0065
- Website
- WWW.YMF.ORG
- Return prepared by
- Michael W Forgerson CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2250007 or by the name YOUNG MUSICIANS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE YOUNG MUSICIANS FOUNDATIONS (YMF) MISSION IS TO EMPOWER UNDER-SERVED, OFTEN MARGINALIZED STUDENTS TO FIND CREATIVITY, CONNECTION, AND JOY THROUGH ACCESS TO TUITION-FREE MUSIC EDUCATION, PERFORMANCES AND EXPERIENCES.
Program accomplishments
- YMFS SERVICE AREA AND NUMBER OF STUDENTS SERVED GREW TO MORE THAN 5,000 STUDENTS AT 28 SCHOOLS AND SITES ACROSS GREATER LOS ANGELES, AN INCREASE OF MORE THAN 30% OVER THE PRIOR YEAR. PROGRAMMATIC OFFERINGS WERE EXPANDED TO INCLUDE ON-SITE CLASSES IN SONGWRITING AND COMPOSITION, AND A MUSIC AND ENGLISH LANGUAGE IMMERSION CREATED FOR ENGLISH LANGUAGE LEARNERS AT THE HIGH SCHOOL AND MIDDLE SCHOOLS GRADES. THE COMMUNITY MUSIC ACADEMY, WHICH PROVIDES TUITION-FREE INSTRUMENTAL AND GENERAL MUSIC INSTRUCTION TO COMMUNITY MEMBERS OF CYPRESS PARK AND SURROUNDING AREAS, AGES 5 THROUGH 18, EXPERIENCED AN OVER 40% INCREASE IN THE PROGRAM PARTICIPANTS, WHILE SIGNIFICANTLY EXPANDING THE NUMBER AND TYPE OF CLASSES OFFERED.Expenses $988,552
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-2250007
- 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
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A680)
- Assets (IRS master file)
- $1,167,109
- Income (IRS master file)
- $1,061,461
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,061,461 | $1,110,745 | $1,167,109 | IRS |
| 990 | June 2024 | $1,162,054 | $1,191,194 | $1,430,668 | IRS |
| 990 | June 2023 | $1,249,159 | $1,132,567 | $1,419,474 | XML |
| 990 | June 2022 | $1,133,587 | $1,129,072 | $1,322,376 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 95-2250007).
Questions about YOUNG MUSICIANS FOUNDATION
- What is the EIN of YOUNG MUSICIANS FOUNDATION?
- The employer identification number (EIN) of YOUNG MUSICIANS FOUNDATION is 95-2250007.
- Is YOUNG MUSICIANS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to YOUNG MUSICIANS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUNG MUSICIANS FOUNDATION 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 YOUNG MUSICIANS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG MUSICIANS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of YOUNG MUSICIANS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $118,850 (WALTER ZOOI, EXECUTIVE DIRECTOR).
- How much revenue does YOUNG MUSICIANS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,061,461, expenses of $1,110,745 and total assets of $1,167,109 at year end.
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