Overview
What is Old Town School Of Folk Music?
Old Town School of Folk Music is a renowned community music school based in Chicago, Illinois. As the largest employer of teaching artists in the United States and an international model for community music and movement, it offers accredited instrumental, dance, music, and ancillary programs designed to foster creativity and communal arts participation among individuals of all ages. While classes are available online, the majority of students attended in-person classes during 2022. Despite the impact of the pandemic, registration volumes for adult programs have almost reached pre-pandemic levels, with 80% of 2019 numbers recorded in 2022. The children's program is also recovering, with student numbers increasing from 40% to 56% of 2019 levels by the end of the year. In 2022, the school had a total of 25,601 students in group classes, workshops, and private lessons, compared to 29,795 and 6,543, respectively, in 2019. The Old Town School of Folk Music teaches and celebrates music and cultural expressions rooted in the traditions of diverse American and global communities.
Official website here: www.oldtownschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Old Town School of Folk Music has achieved a remarkable rating of 96% from Charity Navigator, indicating a high level of accountability and financial management. This four-star rating reflects the organization’s strong performance across various criteria, particularly in its governance and financial oversight. The independent board of directors is fully composed of independent members, ensuring a commitment to unbiased decision-making.
The organization demonstrates a solid financial position with a low liabilities to assets ratio of 7.92%, which suggests it is effectively managing its resources. Additionally, a program expense ratio of 75.30% highlights that a significant portion of its funds goes directly to its programs, which is a positive indicator of its operational focus on delivering value to the community.
There are no noted limitations in the data, which speaks to the organization's strong compliance with best practices in nonprofit governance. Overall, the Old Town School of Folk Music exemplifies a well-managed charity that prioritizes accountability, transparency, and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Old Town School Of Folk Music legitimate?
Old Town School Of Folk Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Town School Of Folk Music 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $542,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,757,312
For more financial information, click here
Official website here: www.oldtownschool.org
What is the mission statement of Old Town School Of Folk Music?
The Old Town School of Folk Music is a community music school that instills creativity and encourages communal arts participation through various music and dance programs. Rooted in diverse American and global traditions, it is the largest employer of teaching artists in the US and an international model for community music and movement. Despite the pandemic, the school saw registrations building back to pre-pandemic levels, with 25,600 students enrolling in group classes, workshops, and private lessons in 2022. While classes were offered online, the majority attended in person. The adult programs saw 80% of the 2019 registration numbers, while the children's program saw a 56% increase from the low early registrations to the end of the year.
Official website here: www.oldtownschool.org
Who is the CEO of Old Town School Of Folk Music?
Kate Tomford is the Chairman of Old Town School Of Folk Music. The CEO's salary of Old Town School Of Folk Music is $219,708 and their total compensation is $233,315.
Official website here: www.oldtownschool.org
What is the revenue of Old Town School Of Folk Music?
Old Town School Of Folk Music's revenue in 2022 was $14,379,785.
Official website here: www.oldtownschool.org
Who are the executives of Old Town School Of Folk Music and what are their salaries?
The average compensation at Old Town School Of Folk Music during 2022 was $17,746. There are 355 employees and 54 volunteers at Old Town School Of Folk Music.
Here are 32 key members and their salaries (Old Town School Of Folk Music's CEO's salary is $219,708 and their total compensation is $233,315):
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Official website here: www.oldtownschool.org
Where can I find the form 990 for Old Town School Of Folk Music?
Old Town School Of Folk Music's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oldtownschool.org
Learn more at the official website: www.oldtownschool.org
Mission Statement of Old Town School Of Folk Music
The Old Town School of Folk Music is a renowned institution dedicated to teaching and celebrating music and cultural expressions with roots in diverse American and global communities. This community music school, a leading employer of teaching artists in the US and an international model for community music and movement, stimulates creativity and communal arts participation among individuals of all ages.
With an extensive range of accredited instrumental, dance, music, and ancillary programs, the Old Town School of Folk Music fosters a vibrant and inclusive musical environment. Though classes were shifted online due to the pandemic, the majority of students have returned to in-person learning, with adult program registrations building back towards pre-pandemic levels. In 2022, 20,473 students attended group classes and workshops, while 5,128 engaged in private lessons. Despite the initial registration volumes being only 40% and 56% of the 2019 numbers for children's programs and overall student registration, respectively, the figures show a significant upward trend.
The Old Town School of Folk Music's mission is to nurture musical growth within its student body and preserve the rich heritage of traditional music. Through its classes, workshops, and community outreach initiatives, the institution continues to inspire and educate individuals in the art of music and dance, bridging cultural divides and fostering a deeper appreciation for diverse artistic expressions.
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Impact
October, 2024
The Old Town School of Folk Music plays a vital role in the cultural landscape by teaching and celebrating music and cultural expressions that are deeply rooted in the traditions of diverse American and global communities. As the largest community music school in the United States and the largest employer of teaching artists, it serves as an international model for community music and movement.
The institution's comprehensive programs in instrumental music, dance, and other art forms stimulate creativity and encourage communal participation among individuals of all ages. In 2022, the Old Town School demonstrated resilience and adaptability, successfully shifting to in-person classes and rebuilding enrollment numbers that were impacted by the pandemic. The number of students participating in group classes and workshops reached 20,473, while 5,128 engaged in private lessons, reflecting a significant recovery from previous years.
With a commitment to nurturing artistic expression and fostering community connections, the Old Town School engages a diverse population in meaningful ways, enhancing the cultural fabric of Chicago and beyond. Its efforts not only support individual learning but also promote a sense of belonging and shared cultural heritage, ensuring that the traditions it celebrates continue to thrive.
This information is meant to be a general summary of Old Town School Of Folk Music. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $131,408
- Program Service Revenue: $7,391,032
- Gross Receipts: $15,230,451
Assets and Liabilities:
- Total Assets: $26,848,548
- Total Liabilities: $2,321,746
- Net Assets: $24,526,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$4,972,182
CONCERT ADMISSION/SALES
Revenue
$1,960,589
REFERRALS
Revenue
$192,783
COMMUNITY PROGRAMS/OUTREACH
Revenue
$159,829
MEDIA PRODUCT REVENUE
Revenue
$47,927
Organization Details
Founding Year
1960
Phone
(773) 728-6000Principal Officer
Kate Tomford
Main Address
4544 NORTH LINCOLN AVENUE, CHICAGO, IL, 60625
Website
www.oldtownschool.orgNTEE Category
Code: A6E0 - Arts
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