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Ascent Music

Tax-deductible

Cincinnati, OH501(c)(3)Arts & Culture EIN 87-3843803Revenue $302K in FY2024Latest return filed Nov 17, 2025

On file with the IRSascentmusic.orgCincinnati, OHTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To provide opportunites for young musicians from all walks of life

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $43K a year · 16% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $45K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
+31% vs prior year
Spent
$229K
To programs
99%
Net assets
$96K
By yearFY2021–FY2024
Revenue
$302K
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2021Not on file
FY2022$161K
FY2023$230K
FY2024$302K
Expenses
$229K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$218K
FY2024$229K
Net assets
$96K
FY2024▲ +318%
Tap a bar for its year
Net assets by fiscal year
FY2021Not on file
FY2022$11K
FY2023$23K
FY2024$96K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $228K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Rohan Patel
Board Member
$0Pt VII · Sec A
Manisha Patel
Board Member
$0Pt VII · Sec A
Michael Curran
Board Member
$0Pt VII · Sec A
Gary Stevens
Board Member
$0Pt VII · Sec A
Sarah Kim
President
$0Pt VII · Sec A
Rictor Noren
Vice President and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ascent Music executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers young musicians from all backgrounds chances to learn and perform.

Questions for Ascent Music

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Your first name shows with your question. Ascent Music answers here, for everyone.

1 program · $228K · in their own filed words · FY2024
01

To provide a diverse community of young musicians with educational opportunities in solo and chamber music to become performers, educators, leaders, and supporters of the future of classical music and to conduct activities consistent with such purposes.

$228Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Morgan Stanley Global Impact Funding Trust INCFY2024$21K
Vanguard Charitable Endowment ProgramFY2024$15K
Fidelity Investments Charitable Gift FundFY2024$9K
Total grants receivedfrom 3 funders$45K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$302K
Ln 12
Gifts and grantsLn 1h$302K
Money outPt IX
$229K
Ln 25
Programscol B$228K
Managementcol C$2K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$302K
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$23K$96K
Total assetsLn 16$23K$96K
LiabilitiesLn 26$0$0
Net assetsLn 32$23K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$2K$2K
OccupancyLn 16$96K$96K
Other expenses (24a–d)Ln 24$132K$132K
Total functional expensesLn 25$229K$228K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $302K$229K$73K$96K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $230K$218K$12K$23K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $161K$11K 990 PDF
FY2021Filed with the IRS Nov 15, 2023 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $302,165 revenue, 12 lines filed
I-8 Contributions and grants$302,165
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$302,165
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$229,192
I-18 Total expenses$229,192
I-19 Revenue less expenses$72,973
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $302,165 across 4 lines filed
VIII-1f All other contributions, gifts and grants$302,165
VIII-1h Total contributions, gifts and grants$302,165
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$302,165
Part IX · Statement of functional expenses $229,192 across 3 lines filed
IX-13 Office expensesManagement $1,586$1,586
IX-16 OccupancyPrograms $95,911$95,911
IX-24 Other expenses (24a–d)Programs $131,695$131,695
IX-25 Total functional expensesPrograms $227,606 · Management $1,586 · Fundraising $0$229,192
Part X · Balance sheet $95,889 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $22,916$95,889
X-16 Total assetsStart of year $22,916$95,889
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $22,916$95,889
X-32 Total net assets or fund balancesStart of year $22,916$95,889
X-33 Total liabilities and net assetsStart of year $22,916$95,889
Part XI · Reconciliation of net assets $95,889 net assets at year end
XI-1 Total revenue$302,165
XI-2 Total expenses$229,192
XI-3 Revenue less expenses$72,973
XI-4 Net assets at start of year$22,916
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,889

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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