Nonprofit · EIN 23-2108123
ACADEMY OF MUSIC ENDOWMENT FUND
Tax-exempt · PITTSBURGH, PA 15219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $1,304,630 | $1,538,092 | -$233,462 | $23,977,723 | $0 | $23,977,723 |
| April 30, 2024 | 990 | $7,576,897 | $1,076,313 | $6,500,584 | $23,832,184 | $0 | $23,832,184 |
| April 30, 2022 | 990 | $794,329 | $1,182,957 | -$388,628 | $18,546,870 | $0 | $18,546,870 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,296,408
- Net gain from sales of assets
- $855,163
- Other revenue
- $8,222
Expenses
- Grants and similar amounts paid
- $1,365,012
- Compensation of officers, directors and key employees
- $22,314
- Salaries, compensation and benefits (total)
- $22,314
- Professional fundraising fees
- $0
- Program services (functional)
- $1,369,475
- Management and general (functional)
- $168,617
Balance sheet and other
- Total assets, start of year
- $23,832,184
- Total assets, end of year
- $23,977,723
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,977,723
- Publicly traded securities
- $21,858,056
- Gross unrelated business income
- $241
- Gross receipts
- $6,085,347
- Employees
- 0
- Year formed
- 1979
- State of legal domicile
- PA
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE Institutional trustee | 1 | $22,314 |
990 for the year ended April 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE Institutional trustee | 1 | $22,351 |
990 for the year ended April 30, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE Institutional trustee | 4 | $22,415 |
Address and contacts
- Address (IRS master file)
- 500 1ST AVE, PITTSBURGH, PA 15219-3128
- In care of
- % PNC BANK NA TTEE
- Principal officer (990 for 2024)
- PNC Bank N A, 500 FIRST AVE, PITTSBURGH, PA 15219
- Signed the 990
- PNC BANK N A, TAX MANAGER
- Phone
- (412) 747-4857
- Return prepared by
- PWC US TAX LLP
Mission
SUPPORT FOR THE ACADEMY OF MUSIC OF MUSIC OF PHILADELPHIA
Program accomplishments
- SUPPORT FOR THE PHILADELPHIA ORCHESTRA OF MUSIC.Expenses $243,153 · grants $242,360
- SUPPORT FOR THE ACADEMY OF MUSIC OF PHILADELPHIA INC.Expenses $1,126,322 · grants $1,122,652
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 23-2108123
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1980
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,977,723
- Income (IRS master file)
- $6,085,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $1,304,630 | $1,538,092 | $23,977,723 | XML |
| 990 | April 2024 | $7,576,897 | $1,076,313 | $23,832,184 | XML |
| 990 | April 2023 | $687,487 | $1,121,410 | $18,124,963 | IRS |
| 990 | April 2022 | $794,329 | $1,182,957 | $18,546,870 | XML |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | 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 23-2108123).
Questions about ACADEMY OF MUSIC ENDOWMENT FUND
- What is the EIN of ACADEMY OF MUSIC ENDOWMENT FUND?
- The employer identification number (EIN) of ACADEMY OF MUSIC ENDOWMENT FUND is 23-2108123.
- Is ACADEMY OF MUSIC ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to ACADEMY OF MUSIC ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ACADEMY OF MUSIC ENDOWMENT FUND 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 ACADEMY OF MUSIC ENDOWMENT FUND due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY OF MUSIC ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of ACADEMY OF MUSIC ENDOWMENT FUND?
- The 990 for the year ended April 30, 2025 names PNC Bank N A.
- Who are the officers and directors of ACADEMY OF MUSIC ENDOWMENT FUND?
- The 990 for the year ended April 30, 2025 lists 1 person; 1 received compensation from the organization, the highest $22,314 (PNC BANK N A, TRUSTEE).
- How much revenue does ACADEMY OF MUSIC ENDOWMENT FUND have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $1,304,630, expenses of $1,538,092 and total assets of $23,977,723 at year end.
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