Nonprofit · EIN 81-2603612
240 STRINGS
Tax-exempt · PORTLAND, ME 04104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $102,331 | $78,290 | $24,041 | $40,810 | – | $40,810 |
| June 30, 2024 | 990-EZ | $64,912 | $78,675 | -$13,763 | $16,769 | – | $16,769 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $102,331
Expenses
- Compensation of officers, directors and key employees
- $60,074
- Salaries, compensation and benefits (total)
- $66,240
- Professional fees and payments to contractors
- $2,560
- Other expenses
- $9,490
- Program services (functional)
- $71,521
Balance sheet and other
- Total assets, start of year
- $16,769
- Total assets, end of year
- $40,810
- Total liabilities, end of year
- –
- Net assets, end of year
- $40,810
- Cash, savings and investments
- $40,810
- Gross receipts
- $102,331
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNETTE KRAUS | EXECUTIVE DI | 10 | $16,650 |
| ANNIE ANTONACOS | ARTISTIC DIR | 10 | $15,424 |
| TRACEY JASAS-HARDEL | ARTISTIC DIR | 10 | $15,000 |
| JING LI | ARTISTIC DIR | 10 | $13,000 |
| EMMY TRACY BERNARD | PRESIDENT/TR | 4 | $0 |
| SUSAN KOHLER-GRAY | CHAIR | 4 | $0 |
| EMILY WHITNEY MUNDY | ARTISTIC DIR | 4 | $0 |
990-EZ for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNETTE KRAUS | EXECUTIVE DI | 10 | $15,900 |
| TRACEY JASAS-HARDEL | ARTISTIC DIR | 10 | $15,000 |
| JING LI | ARTISTIC DIR | 10 | $13,000 |
| EMMY TRACY BERNARD | PRESIDENT/TR | 4 | $0 |
| SUSAN KOHLER-GRAY | CHAIR | 4 | $0 |
| EMILY WHITNEY MUNDY | ARTISTIC DIR | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10193, PORTLAND, ME 04104-0193
- Mailing address (990-N for 2020)
- PO BOX 10193, PORTLAND ME 04104
- Principal officer (990-N for 2020)
- ANNETTE KRAUS, PO BOX 10193, PORTLAND ME 04104
- Signed the 990-EZ
- ANNETTE KRAUS, EXECUTIVE DIRECTOR
- Phone
- (207) 221-2613
- Website
- WWW.240STRINGS.ORG
- Return prepared by
- HOBSON & COMPANY LLC
Mission
240 STRINGS MENTORS AND EMPOWERS YOUNG LEARNERS THROUGH FREE CLASSICAL MUSIC EDUCATION, CONCERTS, AND COMMUNITY.
Program accomplishments
- PROVIDED FREE MUSIC INSTRUCTION AND PERFORMANCES.Expenses $71,521
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-2603612
- 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
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $40,810
- Income (IRS master file)
- $102,331
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $102,331 | $78,290 | $40,810 | XML |
| 990-EZ | June 2024 | $64,912 | $78,675 | $16,769 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: ANNETTE KRAUS | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: ANNETTE KRAUS | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: ANNETTE KRAUS | June 30, 2019 | ≤ $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 81-2603612).
Questions about 240 STRINGS
- What is the EIN of 240 STRINGS?
- The employer identification number (EIN) of 240 STRINGS is 81-2603612.
- Is 240 STRINGS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to 240 STRINGS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 240 STRINGS 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 240 STRINGS 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 240 STRINGS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of 240 STRINGS?
- The 990-N for 2020 names ANNETTE KRAUS.
- Who are the officers and directors of 240 STRINGS?
- The 990-EZ for the year ended June 30, 2025 lists 7 people; 4 received compensation from the organization, the highest $16,650 (ANNETTE KRAUS, EXECUTIVE DI).
- How much revenue does 240 STRINGS have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $102,331, expenses of $78,290 and total assets of $40,810 at year end.
Other nonprofits in PORTLAND
- PORTLAND MUSEUM OF ART EIN 01-0378420 · last filed 990 for 2025
- PORTLAND MAINE SYMPHONY ORCHESTRA EIN 01-6006058 · last filed 990 for 2025
- CHILDRENS MUSEUM AND THEATRE OF MAINE EIN 01-0352258 · last filed 990 for 2025
- PORTLAND OVATIONS EIN 01-0350707 · last filed 990 for 2025
- PORTLAND STAGE COMPANY INC EIN 51-0143171 · last filed 990 for 2025
- INDIGO ARTS ALLIANCE EIN 83-1809512 · last filed 990 for 2025
- MAINE HISTORICAL SOCIETY EIN 01-0211530 · last filed 990 for 2025
- MAINE HUMANITIES COUNCIL EIN 01-0339295 · last filed 990 for 2025
All nonprofits in PORTLAND · Maine · Arts, culture and humanities