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The Music Academy Nfp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452281679 ✦ Rockford, IL ✦ Designated as a 501(c)(3)

Overview

What is The Music Academy Nfp?

The Music Academy NFP, established in 1985 and officially incorporated as a nonprofit organization in Illinois in 2011, is a dedicated community music school. Its primary mission is to inspire a lifelong love of music and the arts in students, catering to learners of all ages, from prenatal stages to individuals in their 70s and 80s. The academy offers high-quality, affordable instruction and performance opportunities to its students, ensuring inclusivity regardless of their age or ability. With a team of 33 dedicated individuals, the Music Academy NFP strives to provide an enriching and accessible music education experience.


Official website here: www.musicacademyinrockford.com

Is The Music Academy Nfp legitimate?

The Music Academy Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Music Academy Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $59,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,930

For more financial information, click here


Official website here: www.musicacademyinrockford.com

What is the mission statement of The Music Academy Nfp?

The Music Academy Nfp, established in 1985, is committed to inspiring a lifelong love of music and the arts in its students. The academy welcomes learners of all ages, from prenatal to those in their 70s and 80s, recognizing them as lifelong learners. As an Illinois not-for-profit community school of music, The Music Academy provides high-quality, affordable instruction and performance opportunities to its students, ensuring access regardless of their age or ability. The academy's mission is centered around nurturing a passion for music and the arts, fostering a love that spans an individual's entire life.


Official website here: www.musicacademyinrockford.com

Who is the CEO of The Music Academy Nfp?

Laura Eakman is the Executive Di of The Music Academy Nfp.


Official website here: www.musicacademyinrockford.com

What is the revenue of The Music Academy Nfp?

The Music Academy Nfp's revenue in 2023 was $493,603.


Official website here: www.musicacademyinrockford.com

Who are the executives of The Music Academy Nfp and what are their salaries?

The average compensation at The Music Academy Nfp during 2023 was $11,574. There are 33 employees and 20 volunteers at The Music Academy Nfp.

Here are 7 key members and their salaries:

    Laura Eakman (Executive Di) [Trustee/Director]
  • Compensation: $46,714
  • Related: $0
  • Other: $0

    • Phil Blair (Vice Chair/T) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hope Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colleen Mcdonald (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Rozman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice Westlund (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Wrate (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.musicacademyinrockford.com

    Where can I find the form 990 for The Music Academy Nfp?

    The The Music Academy Nfp’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.musicacademyinrockford.com

    Learn more at the official website: www.musicacademyinrockford.com

    Mission Statement of The Music Academy Nfp

    The Music Academy NFP, established in 1985, is dedicated to instilling a lifelong passion for music and the arts in its students. This not-for-profit organization caters to learners of all ages, from those in the prenatal stage to individuals in their 70s and 80s. The Academy's mission is multifaceted, aiming to foster a community of lifelong learners who value music and the arts. It provides high-quality, affordable instruction and performance opportunities, ensuring that these opportunities are accessible to all its students, regardless of their age or abilities. The Academy's ultimate goal is to inspire a love for music that lasts a lifetime.

    Impact

    This information is meant to be a general summary of The Music Academy Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Music Academy Nfp impacts individuals of all ages by inspiring a lifelong love of music and the arts. Founded in 1985, this nonprofit community school of music in Rockford, IL, is dedicated to providing high-quality and affordable instruction and performance opportunities to its students, regardless of age or ability. Through their mission, they engage students from prenatal to those in their 70s and 80s, fostering a culture of learning and appreciation for the arts.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $429,831
  • Gross Receipts: $493,783

    • Assets and Liabilities:
  • Total Assets: $164,251
  • Total Liabilities: $36,893
  • Net Assets: $127,358
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION AND FEES

    Revenue

    $412,909

    PROGRAMS AND WORKSHOPS

    Revenue

    $16,922

    Organization Details

    Founding Year

    2011

    Principal Officer

    Laura Eakman

    Main Address

    226 S SECOND STREET, ROCKFORD, IL, 61104

    NTEE Category

    Code: A68 - Arts

    If you are a representative of The Music Academy Nfp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.