Nonprofit · EIN 85-4045973
BLACK MUSIC ENTREPRENEURSHIP INCUBATOR
Tax-exempt · OAKLAND, CA 94605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $537,150 | $776,497 | -$239,347 | $394,246 | $179,545 | $214,701 |
| December 31, 2024 | 990-EZ | – | – | – | $0 | $0 | $0 |
| December 31, 2023 | 990 | $742,556 | $468,376 | $274,180 | $610,755 | $172,500 | $438,255 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $421,313
- of which government grants
- $70,000
- Program service revenue
- $19,784
- Investment income
- $17,857
- Net rental income
- $425
- Other revenue
- $78,196
Expenses
- Grants and similar amounts paid
- $35,500
- Salaries, compensation and benefits (total)
- $17,624
- Professional fundraising fees
- $0
- Legal fees
- $2,521
- Accounting fees
- $16,654
- Occupancy
- $131,763
- Travel
- $9,950
- Program services (functional)
- $757,628
- Management and general (functional)
- $17,624
- Fundraising (functional)
- $1,245
Balance sheet and other
- Total assets, start of year
- $610,755
- Total assets, end of year
- $394,246
- Total liabilities, end of year
- $179,545
- Net assets, end of year
- $214,701
- Net assets without donor restrictions
- $214,701
- Gross receipts
- $537,400
- Employees
- 0
- Year formed
- 2020
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Lance Coleman | Secretary Trustee or director | 5 | $0 | $10,192 |
| Bryan Calhoun | Treasurer Trustee or director | 5 | $0 | $0 |
| Bosco Kante | President & CEO Officer | 40 | $0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bryan Calhoun | Treasurer | 5 | $0 |
| Lance Coleman | Secretary | 5 | $0 |
| Bosco Kante | President & CEO | 40 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lance Coleman | Secretary Trustee or director | 5 | $0 |
| Bryan Calhoun | Treasurer Trustee or director | 5 | $0 |
| Bosco Kante | President & CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 4400 KELLER AVE STE 140 PMB 118, OAKLAND, CA 94605-4233
- In care of
- % BOSCO KANTE
- Signed the 990
- BOSCO KANTE, President & CEO
- Phone
- (323) 481-7372
- Website
- blackmusicincubator.org
- Return prepared by
- Blueprint Resolution Services
California records
California keeps its own records of charities and corporations. Search them by EIN 85-4045973 or by the name BLACK MUSIC ENTREPRENEURSHIP INCUBATOR.
- 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 education, instruction, and training of predominately black musical artists, music technology creators, and music entrepreneurs, for the purpose of improving or developing their capabilities.
Program accomplishments
- The organization was formed in December of 2020 and achieves exposure to Black entrepreneurs with a detailed website.Expenses $757,628 · grants $35,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4045973
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $394,246
- Income (IRS master file)
- $537,400
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $537,150 | $776,497 | $394,246 | XML |
| 990-EZ | December 2024 | – | – | $0 | IRS |
| 990 | December 2023 | $742,556 | $468,376 | $610,755 | XML |
| 990 | December 2022 | $760,391 | $450,196 | $484,244 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 85-4045973).
Questions about BLACK MUSIC ENTREPRENEURSHIP INCUBATOR
- What is the EIN of BLACK MUSIC ENTREPRENEURSHIP INCUBATOR?
- The employer identification number (EIN) of BLACK MUSIC ENTREPRENEURSHIP INCUBATOR is 85-4045973.
- Is BLACK MUSIC ENTREPRENEURSHIP INCUBATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BLACK MUSIC ENTREPRENEURSHIP INCUBATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK MUSIC ENTREPRENEURSHIP INCUBATOR file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BLACK MUSIC ENTREPRENEURSHIP INCUBATOR due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK MUSIC ENTREPRENEURSHIP INCUBATOR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of BLACK MUSIC ENTREPRENEURSHIP INCUBATOR?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BLACK MUSIC ENTREPRENEURSHIP INCUBATOR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $537,150, expenses of $776,497 and total assets of $394,246 at year end.
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