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Nonprofit · EIN 45-2675974

ASBURY PARK MUSIC FOUNDATION INC

Tax-exempt · ASBURY PARK, NJ 07712

Financials

$830K$964K2023$581K$484K2024
Revenue Expenses · by fiscal year end
Financials of ASBURY PARK MUSIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$581,010$484,000$97,010$322,952$9,198$313,754
June 30, 2024990$829,927$963,828-$133,901$293,271$76,527$216,744
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$541,330
Program service revenue
$38,991
Investment income
$689
Net gain from sales of assets
-$530
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$39,918
Salaries, compensation and benefits (total)
$44,653
Professional fundraising fees
$0
Accounting fees
$22,042
Occupancy
$6,465
Depreciation
$1,269
Program services (functional)
$346,873
Management and general (functional)
$81,994
Fundraising (functional)
$55,133

Balance sheet and other

Total assets, start of year
$293,271
Total assets, end of year
$322,952
Total liabilities, end of year
$9,198
Net assets, end of year
$313,754
Net assets without donor restrictions
$97,487
Net assets with donor restrictions
$216,267
Gross receipts
$590,780
Employees
4
Volunteers
30
Year formed
2011
State of legal domicile
NJ

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.

NameTitleHours / weekCompensation
JAMES LENSKOLDCHAIRMAN
Officer
5$0
ANDREA DUDEKTREASURER
Officer
5$0
PAUL WEINSTEINSECRETARY
Officer
5$0
HEATHER CAVISETRUSTEE
Trustee or director
5$0
EILEEN CHAPMANTRUSTEE
Trustee or director
5$0
THOMAS GILMOURTRUSTEE
Trustee or director
5$0
DREW KRONICKTRUSTEE
Trustee or director
5$0
DORIAN PARREOTTTRUSTEE
Trustee or director
5$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
THOMAS DONOVANPRESIDENT/EX
Officer
40$78,000
JIM LENSKOLDTREASURER
Officer
5$0
PAUL WEINSTEINSECRETARY
Officer
5$0
HEATHER CAVISETRUSTEE
Trustee or director
5$0
EILEEN CHAPMANTRUSTEE
Trustee or director
5$0
THOMAS GILMOURTRUSTEE
Trustee or director
5$0
DREW KRONICKTRUSTEE
Trustee or director
5$0
JON LEIDERSDORFFTRUSTEE
Trustee or director
5$0
KAY LICAUSITRUSTEE
Trustee or director
5$0
DORIAN PARREOTTTRUSTEE
Trustee or director
5$0
EVIE TASKTRUSTEE
Trustee or director
5$0
CARLA VANZANTTRUSTEE
Trustee or director
5$0

Address and contacts

Address (IRS master file)
621 LAKE AVE UNIT 1 C, ASBURY PARK, NJ 07712-7186
In care of
% THOMAS J GILMOUR
Mailing address (990-N for 2010)
1 MUNICIPAL PLAZA, ASBURY PARK NJ 07712
Principal officer (990 for 2024)
JAMES LENSKOLD, 621 LAKE AVENUE UNIT 1C, ASBURY PARK, NJ 07712
Principal officer (990-N for 2010)
THOMAS J GILMOUR, 864 RIVER ROAD, FAIR HAVEN NJ 07704
Signed the 990
JAMES LENSKOLD, CHAIRMAN
Phone
(732) 775-8900
Return prepared by
ROGER K STEIN CPA LLC

Mission

TO PROVIDE LIFE-CHANGING MUSIC EDUCATION TO ENGAGE UNDER-SERVED YOUTH AND RUN EVENTS TO IMPROVE THE ECONOMIC WELL-BEING OF THE RESIDENTS AND UNITE A DIVERSE COMMUNITY.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION PROVIDES LIFE-CHANGING YOUTH EDUCATION PROGRAMS FOR UNDER-SERVED YOUTH. THIS INCLUDES PROGRAMS IN LOCAL SCHOOLS, SUBSIDIZING FREE MUSIC LESSONS FOR STUDENTS, PROVIDING DONATED INSTRUMENTS TO STUDENTS IN PROGRAMS. HUNDREDS OF CHILDREN HAVE PARTICIPATED IN THE PROGRAM. THE ORGANIZATION ALSO RUNS CONCERTS AND COMMUNITY EVENTS IN THE CITY OF ASBURY PARK.
    Expenses $346,873

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
45-2675974
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
2011
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$322,952
Income (IRS master file)
$590,780

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$581,010$484,000$322,952XML
990June 2024$829,927$963,828$293,271XML
990June 2023$1,064,544$967,303$379,869IRS
990June 2022$603,463$650,798$264,573IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS
990-N for 2010
Officer: THOMAS J GILMOUR
June 30, 2011≤ $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 45-2675974).

Questions about ASBURY PARK MUSIC FOUNDATION INC

What is the EIN of ASBURY PARK MUSIC FOUNDATION INC?
The employer identification number (EIN) of ASBURY PARK MUSIC FOUNDATION INC is 45-2675974.
Is ASBURY PARK MUSIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to ASBURY PARK MUSIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASBURY PARK 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 ASBURY PARK MUSIC FOUNDATION INC 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 ASBURY PARK MUSIC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ASBURY PARK MUSIC FOUNDATION INC?
The 990 for the year ended June 30, 2025 names JAMES LENSKOLD.
Who are the officers and directors of ASBURY PARK MUSIC FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does ASBURY PARK MUSIC FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $581,010, expenses of $484,000 and total assets of $322,952 at year end.

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