Overview
What is Music Institute Of Chicago?
The Music Institute of Chicago, situated in Evanston, Illinois, is a distinguished nonprofit organization committed to providing top-notch music instruction. It serves approximately 2,000 students across all age groups, instruments, and skill levels, through private lessons, group classes, and ensembles. The institute embraces diverse music genres such as classical, jazz, and American roots, including its elite Academy Program which caters to pre-college musicians pursuing professional careers. The institution boasts the prestigious Nichols Concert Hall, a performance venue for professional concerts and ample recital opportunities for its students. Beyond education, the Music Institute engages in various service activities, bringing music and music education to underprivileged communities who might otherwise lack such resources. Its mission is to foster a lifelong passion for music by offering widely accessible resources for teaching, performing, and community outreach.
Official website here: www.musicinst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Music Institute of Chicago has earned a high rating of 96%, indicating strong accountability and financial health. This rating reflects the organization’s commitment to maintaining an independent board, comprehensive fiscal oversight, and effective governance practices. Their financial statements are transparent, and they adhere to strict standards, as evidenced by their performance in areas such as board independence and lack of asset diversion.
The organization has a high program expense ratio of 73.56%, suggesting that a significant portion of their funds is directed towards programs rather than administrative costs. However, it’s noted that they could not be evaluated in terms of impact, community culture, or leadership adaptability, which leaves some gaps in understanding their effectiveness in these key areas.
User feedback from GreatNonprofits is not available for the Music Institute of Chicago, limiting insights into personal experiences and general sentiment from those served by the organization. This absence of user reviews means potential donors and supporters will need to rely primarily on the financial and accountability scores available through Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Music Institute Of Chicago?
90% of 49 reviewers on Facebook recommend the Music Institute of Chicago. Here is a summary of their reviews:
The Music Institute is highly praised for its impressive orchestral performances, particularly highlighting the remarkable talent of its student musicians. Many attendees express gratitude for the educational opportunities provided, noting how the Institute has transformed young, promising individuals into skilled performers. The dedication of the instructors and the quality of the program contribute to a positive experience among supporters.
Overall, the community sentiment reflects strong satisfaction with the Institute's role in fostering musical talent and providing enjoyable, memorable events. Reviewers seem excited about the caliber of performances and appreciate the opportunity to witness such growth in young musicians.
This AI summary has been generated from reviews found on Facebook.
Is Music Institute Of Chicago legitimate?
Music Institute Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Institute Of Chicago 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: $675,719
Professional Fundraising Fees: $60,150
Other Salaries and Wages: $3,946,733
For more financial information, click here
Official website here: www.musicinst.org
What is the mission statement of Music Institute Of Chicago?
The Music Institute, shortened as Music Institute of Chicago, is dedicated to encouraging a lifelong engagement with music. It achieves this by offering widely accessible resources for high-quality music teaching, performing, and service activities. The institute provides music instruction to nearly 2,000 students of various ages, instruments, and skill levels, through private instruction, group classes, and ensembles. The institute covers a variety of music genres, including classical, jazz, and American roots music. The Academy Program, a part of the institute, is an elite training center for pre-college musicians with professional aspirations. The institute also has a premier performance venue, Nichols Concert Hall, which hosts a professional concert series and offers recital opportunities for its students. Furthermore, the Music Institute engages in numerous service activities, bringing music and music education to communities that may otherwise lack access.
Official website here: www.musicinst.org
Who is the CEO of Music Institute Of Chicago?
Dr Mark George is the CEO of Music Institute Of Chicago The CEO's salary of Music Institute Of Chicago is $198,026 and their total compensation is $231,511.
Official website here: www.musicinst.org
What is the revenue of Music Institute Of Chicago?
Music Institute Of Chicago's revenue in 2023 was $6,681,836.
Official website here: www.musicinst.org
Who are the executives of Music Institute Of Chicago and what are their salaries?
The average compensation at Music Institute Of Chicago during 2023 was $21,204. There are 218 employees and 90 volunteers at Music Institute Of Chicago.
Here are 26 key members and their salaries (Music Institute Of Chicago's CEO's salary is $198,026 and their total compensation is $231,511):
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Official website here: www.musicinst.org
Where can I find the form 990 for Music Institute Of Chicago?
Music Institute Of Chicago's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musicinst.org
Learn more at the official website: www.musicinst.org
Mission Statement of Music Institute Of Chicago
The Music Institute of Chicago, as a leading organization, is committed to fostering a lifelong engagement with music. It achieves this by providing widely accessible resources for high-quality music teaching, performing, and service activities. The Music Institute's mission is to guide individuals towards a deep-rooted connection with music, catering to students of all ages, instruments, and levels of experience.
The organization offers a diverse range of music instruction, including private tutoring using both traditional and Suzuki methods, group classes, and ensembles. The curriculum encompasses various music genres, such as classical, jazz, and American roots music. One of its notable programs is the Academy, an elite training center for pre-college musicians with professional aspirations. Furthermore, the Music Institute boasts Nicolls Concert Hall, a premier performance venue that hosts a professional concert series and offers ample recital opportunities for its students.
Beyond its core instructional activities, the Music Institute engages in numerous service initiatives. These activities enable its faculty and students to bring music and music education to communities that might otherwise lack access to such resources. The organization's service-oriented approach is a testament to its dedication to fostering a love for music and its transformative power in people's lives.
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Impact
October, 2024
The Music Institute of Chicago significantly enriches the community by providing high-quality music education to nearly 2,000 students of diverse ages, instruments, and experience levels. Through a wide array of offerings—ranging from private instruction in traditional and Suzuki methods to group classes and ensembles—it caters to a broad spectrum of musical interests, including classical, jazz, and American roots genres.
The Academy Program serves as an elite training center, supporting pre-college musicians aspiring for professional careers. Additionally, Nichols Concert Hall acts as both a premier performance venue and a platform for showcasing student talent, featuring a professional concert series and numerous recital opportunities.
Furthermore, the Music Institute extends its impact by conducting various service activities that bring music education to underserved communities, fostering a lifelong engagement with music across all demographics. This commitment not only nurtures individual growth but also contributes to vibrant cultural enrichment in the region.
This information is meant to be a general summary of Music Institute Of Chicago. 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 2023.
- Investment Income: $134,107
- Program Service Revenue: $5,046,863
- Gross Receipts: $8,759,551
Assets and Liabilities:
- Total Assets: $11,160,030
- Total Liabilities: $1,224,357
- Net Assets: $9,935,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$5,003,103
TICKET SALES
Revenue
$43,760
Organization Details
Founding Year
1939
Principal Officer
Dr Mark George
Website
www.musicinst.orgNTEE Category
Code: A250 - Arts
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