STRATEGY STUDIO / PUBLIC DATA EXPLORER

LFMG MUSIC ACADEMY: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
LFMG MUSIC ACADEMY (EIN 93-2814799)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-18
IRS object ID
202641389349301184
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-18T11:35:58-07:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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Preparer Firm EIN840520451PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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Business Name Line1Steele Columbine BooksBusinessNameLine1Txt

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Address Line1661 Columbia StAddressLine1Txt
CityDeltaCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81416ZIPCd
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Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

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EIN932814799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LFMG Music AcademyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLFMGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11025 E Main StreetAddressLine1Txt
CityMontroseCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEdgar J Nava QuirozPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Signature2026-05-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAmanda CollinsPreparerPersonNm
PTINP03328240PTIN
Phone9709862633PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

US Address USAddress

FieldValueIRS element (for citing)
Address Line11025 E Main StreetAddressLine1Txt
CityMontroseCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,277,105GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Activity Or MissionAt LFMG Music Academy, our mission is to inspire youth through music by providing them with the tools, resources, and relationships they need to thrive in the studio, at school, and in life. We believe music is more than art its a pathway to confidence, community, and leadership. Through hands-on learning, mentorship, and real-world opportunities, we help young people find their voice and use it to create positive change.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$203,195PYContributionsGrantsAmt
CY Contributions Grants$1,259,628CYContributionsGrantsAmt
PY Program Service Revenue$917PYProgramServiceRevenueAmt
CY Program Service Revenue$13,397CYProgramServiceRevenueAmt
PY Investment Income$34PYInvestmentIncomeAmt
CY Investment Income$155CYInvestmentIncomeAmt
PY Other Revenue$1,527PYOtherRevenueAmt
CY Other Revenue$3,042CYOtherRevenueAmt
PY Total Revenue$205,673PYTotalRevenueAmt
CY Total Revenue$1,276,222CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$13,391PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$19,481CYTotalFundraisingExpenseAmt
PY Other Expenses$111,081PYOtherExpensesAmt
CY Other Expenses$189,868CYOtherExpensesAmt
PY Total Expenses$124,472PYTotalExpensesAmt
CY Total Expenses$189,868CYTotalExpensesAmt
PY Revenues Less Expenses$81,201PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,086,354CYRevenuesLessExpensesAmt
Total Assets BOY$81,252TotalAssetsBOYAmt
Total Assets EOY$1,167,821TotalAssetsEOYAmt
Total Liabilities BOY$51TotalLiabilitiesBOYAmt
Total Liabilities EOY$266TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$81,201NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,167,555NetAssetsOrFundBalancesEOYAmt
MissionAt LFMG Music Academy, our mission is to inspire youth through music by providing them with the tools, resources, and relationships they need to thrive in the studio, at school, and in life. We believe music is more than art its a pathway to confidence, community, and leadership. Through hands-on learning, mentorship, and real-world opportunities, we help young people find their voice and use it to create positive change.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$136,236ExpenseAmt
DescIn 2025, LFMG Music Academy served over 250 students across seven counties in the Montrose, Colorado region, achieving 100% satisfaction among participants, all of whom reported they would recommend the program to their peers. The organization operated its free afterschool program, IN THE LAB, Monday through Thursday from 46 PM year-round, while also hosting workshops and summer camps at its facility. A new initiative, RockLab, was successfully launched as a 10-week program for youth ages 818 to form bands and culminate in a live performance. Key milestones include surpassing the goal of serving 250 students, maintaining exceptional program satisfaction, and securing critical funding to support long-term sustainability and growth.Desc
Total Program Service Expenses$136,236TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
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Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
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Schedule J RequiredfalseScheduleJRequiredInd
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Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
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Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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Employee0EmployeeCnt
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Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
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Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
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Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonEdgar J Nava QuirozPersonNm
Phone9707654489PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11025 E Main StreetAddressLine1Txt
CityMontroseCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81401ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
Valentina Atencio
Trustee0.000.00Yes (X)$0$0$0
Nate Hughes
Trustee0.000.00Yes (X)$0$0$0
Edgar J Nava Quiroz
Executive Dir.0.000.00Yes (X)$0$0$0
Sierra Quintana
Trustee0.000.00Yes (X)$0$0$0
Jahaziel S Serrano
President0.000.00$0$0$0Yes (X)
Clara Carrasco
Vice President0.000.00$0$0$0Yes (X)
Miguel A Cantu
Secretary0.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
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Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,259,628AllOtherContributionsAmt
Total Contributions$1,259,628TotalContributionsAmt
Total Program Service Revenue$13,397TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

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Total Revenue Column$155TotalRevenueColumnAmt
Related Or Exempt Func Income$155RelatedOrExemptFuncIncomeAmt

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Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

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Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

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Total Revenue Column$0TotalRevenueColumnAmt
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Fundraising Gross Income$3,774FundraisingGrossIncomeAmt
Fundraising Direct Expenses$882FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

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Total Revenue Column$2,892TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

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Total Revenue Column$0TotalRevenueColumnAmt
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Gross Sales Of Inventory$151GrossSalesOfInventoryAmt
Cost Of Goods Sold$1CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

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Total Revenue Column$150TotalRevenueColumnAmt
Related Or Exempt Func Income$150RelatedOrExemptFuncIncomeAmt
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Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

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Total Revenue Column$1,276,222TotalRevenueColumnAmt
Related Or Exempt Func Income$13,702RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

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Total$0TotalAmt

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Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

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Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

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Total$0TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

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Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

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Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$48,000TotalAmt
Program Services$36,000ProgramServicesAmt
Management And General$12,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

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Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

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Fees For Services Lobbying FeesForServicesLobbyingGrp

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Total$0TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

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Total$67,236TotalAmt
Program Services$40,255ProgramServicesAmt
Management And General$7,500ManagementAndGeneralAmt
Fundraising$19,481FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$844TotalAmt
Program Services$844ProgramServicesAmt

Office Expenses OfficeExpensesGrp

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Total$2,440TotalAmt
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Information Technology InformationTechnologyGrp

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Total$0TotalAmt

Royalties RoyaltiesGrp

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Total$0TotalAmt

Occupancy OccupancyGrp

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Total$37,278TotalAmt
Program Services$33,550ProgramServicesAmt
Management And General$3,728ManagementAndGeneralAmt

Travel TravelGrp

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Total$1,553TotalAmt
Program Services$582ProgramServicesAmt
Management And General$971ManagementAndGeneralAmt

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Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

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Total$794TotalAmt
Management And General$794ManagementAndGeneralAmt

Interest InterestGrp

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Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

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Total$0TotalAmt

Insurance InsuranceGrp

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Total$805TotalAmt
Program Services$805ProgramServicesAmt

Other Expenses OtherExpensesGrp

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Total$30,918TotalAmt
Program Services$23,142ProgramServicesAmt
Management And General$7,776ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

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Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

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Total$189,868TotalAmt
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Management And General$34,151ManagementAndGeneralAmt
Fundraising$19,481FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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BOY$80,717BOYAmt
EOY$1,142,120EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

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EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

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BOY$534BOYAmt
EOY$700EOYAmt

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EOY$0EOYAmt

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EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

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EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$25,000LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$25,000EOYAmt

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EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

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EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

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BOY$1BOYAmt
EOY$1EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$81,252BOYAmt
EOY$1,167,821EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51BOYAmt
EOY$266EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51BOYAmt
EOY$266EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$81,201BOYAmt
EOY$1,167,555EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$81,201BOYAmt
EOY$1,167,555EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$81,252BOYAmt
EOY$1,167,821EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,086,354ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$203,122CurrentTaxYearMinus1YearAmt
Current Tax Year$1,259,628CurrentTaxYearAmt
Total$1,462,750TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
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Current Tax Year$1,259,628CurrentTaxYearAmt
Total$1,462,750TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$1,462,750PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$34CurrentTaxYearMinus1YearAmt
Total$34TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$1,462,784TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700.00000PublicSupportCY170Pct

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$25,000OtherCostOrOtherBasisAmt
Book Value$25,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$25,000TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLiabilities_OtherDesc
Amt$266Amt
FieldValueIRS element (for citing)
Total Liability$266TotalLiabilityAmt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
Edgar J Nava Quiroz
Exec. Director$48,000ED contractor servicesfalse
Jahaziel S Serrano
Board President$26,165Programming servicesfalse

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 2he Executive Director and the President of the board each provided contracted services to the organization during the year. Edgar J. Nava Quiroz received $48,000 as Executive Director, and Jahaziel Serrano received $26,165 through Enshiloh LLC for programming services.
Form 990, Part VI, Section B, Line 11bThe return was provided to the Executive Director for review prior to filing. The Executive Director is responsible for distributing to the governing body for review and approval.
Form 990, Part VI, Section B, Line 12cConflict of interest policy is documented in organizational bylaws. Board members are required to disclose conflicts and recuse from related votes.
Form 990, Part VI, Section B, Line 15aCompensation reviewed and approved by the board. Interested parties recused from discussion and vote.
Form 990, Part VI, Section B, Line 15bCompensation reviewed and approved by the board. Interested parties recused from discussion and vote.
Form 990, Part VI, Section C, Line 19No documents available to the public.
Part VIII, Line 1f - Colorado Health Foundation GrantDuring the year ended December 31, 2025, LFMG Music Academy received a multi-year grant from the Colorado Health Foundation totaling $1,205,000, comprised of three components. The first component is a $1,000,000 unrestricted capital donation being used to acquire commercial and employee housing properties, strengthening long-term organizational stability and capacity. This funding was received in full in Q4 2025, with a required reporting period spanning three years (20252028). The second component is $200,000 dedicated to general operating support, helping sustain day-to-day programs and services. This funding is distributed over two years in two equal installments of $100,000 each, with the first installment received in September/October 2025 and the second expected in 2026. The third component is a $5,000 unrestricted contribution supporting health and wellness initiatives within the organization. This amount was received alongside the first disbursement in late 2025 and does not carry a reporting requirement. All funds associated with this grant are unrestricted, allowing full flexibility to allocate resources where they are most needed across capital investments, operations, and programming.
Part X, Lines 10a - Property AcquisitionsDuring the year ended December 31, 2025, LFMG Music Academy entered into purchase agreements for two properties. Earnest money deposits of $20,000 (La Plaza) and $5,000 (Employee Housing) were made in 2025 and are reflected as fixed assets on the balance sheet as of December 31, 2025. Both properties were under contract at year end and closed in early 2026. Full acquisition costs will be reflected on the 2026 balance sheet.