Form 990 for tax year 2024
Filed by ASHEVILLE MUSIC SCHOOL SOUND EDUCATION.
Totals
- Total revenue
- $247,759
- Total expenses
- $275,006
- Contributions and grants received
- $42,703
- Grants paid
- $0
- Program service revenue
- $196,067
- Investment income
- $805
- Other revenue
- $8,184
- Total assets, end of year
- $355,603
- Total liabilities, end of year
- $87,730
- Net assets or fund balances, end of year
- $267,873
- Program services expenses (Part IX)
- $262,975
- Management and general expenses
- $7,404
- Fundraising expenses
- $4,627
- Program service expenses (Part III)
- $262,975
Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$42,703
-
2f · All other program service revenue
total $196,067 · unrelated business $0 · excluded $0
-
3 · Investment income
total $805 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $8,184 · related or exempt $8,184 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$8,184
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $50,269 · program services $43,403 · management and general $6,866 · fundraising $0
-
7 · Other salaries and wages
total $18,869 · program services $18,869 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $5,383 · program services $4,845 · management and general $538 · fundraising $0
-
11c · Fees: accounting
total $3,830 · program services $3,830 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $9,593 · program services $9,593 · management and general $0 · fundraising $0
-
13 · Office expenses
total $3,519 · program services $3,519 · management and general $0 · fundraising $0
-
16 · Occupancy
total $72,816 · program services $72,816 · management and general $0 · fundraising $0
-
20 · Interest
total $3,588 · program services $3,588 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $6,619 · program services $6,619 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,272 · program services $2,272 · management and general $0 · fundraising $0
-
24a · Other expenses: Gift Certificate
total -$60 · program services -$60 · management and general $0 · fundraising $0
-
24b · Other expenses: Recital Expense
total $1,230 · program services $1,230 · management and general $0 · fundraising $0
-
24c · Other expenses: Music Supplies
total $2,571 · program services $2,571 · management and general $0 · fundraising $0
-
24e · All other expenses
total $94,507 · program services $89,880 · management and general $0 · fundraising $4,627
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,133 · end of year $52,556
-
4 · Accounts receivable
beginning of year $4,485 · end of year $4,485
-
10a · Land, buildings and equipment: cost or other basis
$268,857
-
10b · Land, buildings and equipment: accumulated depreciation
$28,215
-
10c · Land, buildings and equipment, net
beginning of year $247,261 · end of year $240,642
-
12 · Investments: other securities
beginning of year $59,265 · end of year $57,920
-
24 · Unsecured notes and loans payable
beginning of year $85,000 · end of year $85,000
-
25 · Other liabilities
beginning of year $1,556 · end of year $2,730
-
31 · Retained earnings, endowment or other funds
beginning of year $290,588 · end of year $267,873
Mission and programs · 2024
Mission
To provide affordable and accessible music lessons, workshops, tutoring, coaching and outreach music performances to youth, families seniors and people with disabilities in need.
Activities or mission (Part I)
To provide affordable and accessible music lessons, workshops, tutoring, coaching and outreach music performances to youth, families, seniors and
-
Music Education - To provide affordable and accessible music lessons, workshops, tutoring, coaching and outreach music performances to youth, families, seniors and people with disabilities in need of financial and social assistance.
Expenses $262,975 · Revenue $196,067
As filed on the 2024 return.
Listed in Part VII
-
Charlotte Sommers
Business Manager
- Total calculated
- $6,866
- From this org
- $6,866
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Ryan Reardon
Ex Officio
- Total calculated
- $43,403
- From this org
- $43,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
James Bixby
Director
- Total calculated
- $0
- Hours/week
- 1
-
Danny McClinton
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Barnard
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Douglas Haynes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Youngblood
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andre Cholmondeley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda Kendall Fields
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Lockie Hunter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Geert Bevin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Roney
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jenna Jaffe
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523019349301722
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