Overview
What is Classical Music Chicago?
Classical Music Chicago is a distinguished nonprofit organization situated in Chicago, Illinois. With a modest workforce of four individuals, they are dedicated to showcasing renowned musicians and a diverse repertoire. Their mission is to make high-quality classical music performances and educational experiences accessible to individuals of all ages and musical backgrounds in the Chicago metropolitan area. They achieve this by presenting engaging, short, or interactive programs in convenient locations and offering admission-free events. This commitment to music enrichment aims to foster a deeper appreciation and enjoyment of classical music among the local community.
Official website here: www.classicalmusicchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Classical Music Chicago has received an overall score of 86%, indicating a solid performance, particularly in the category of Accountability & Finance. The organization's score is a reflection of its effective governance practices, with all board members being independent and a robust financial oversight committee in place. These practices help ensure transparency and responsible management of resources.
The organization has also demonstrated a commitment to ethical governance, with policies regarding conflicts of interest, whistleblower protections, and document retention all properly documented. Its liabilities to assets ratio of 1.00% suggests strong financial health, which is reassuring for donors and stakeholders alike.
However, the program expense ratio of 61.70% indicates that a portion of its budget is allocated towards administrative costs rather than direct program services. This might raise some concerns among supporters about the efficiency of fund utilization, although the overall governance and fiscal practices remain commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Classical Music Chicago legitimate?
Classical Music Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Classical Music 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: $126,243
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,792
For more financial information, click here
Official website here: www.classicalmusicchicago.org
What is the mission statement of Classical Music Chicago?
Classical Music Chicago's mission is to offer free, high-quality classical music performances and educational experiences in various locations within the Chicago metropolitan area. This is done with the aim of allowing individuals of all ages and musical backgrounds to appreciate the enriching impact of music on life. Their activities include presenting renowned musicians and diverse repertoires, engaging audiences through interactive or brief programs, and providing admission-free programming.
Official website here: www.classicalmusicchicago.org
Who is the CEO of Classical Music Chicago?
Mark Riggleman is the Executive Dir. of Classical Music Chicago.
Official website here: www.classicalmusicchicago.org
What is the revenue of Classical Music Chicago?
Classical Music Chicago's revenue in 2023 was $803,456.
Official website here: www.classicalmusicchicago.org
Who are the executives of Classical Music Chicago and what are their salaries?
The average compensation at Classical Music Chicago during 2023 was $71,259. There are 4 employees and 15 volunteers at Classical Music Chicago.
Here are 13 key members and their salaries:
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Official website here: www.classicalmusicchicago.org
Where can I find the form 990 for Classical Music Chicago?
Classical Music Chicago's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.classicalmusicchicago.org
Learn more at the official website: www.classicalmusicchicago.org
Mission Statement of Classical Music Chicago
Classical Music Chicago, a notable organization, is dedicated to bringing high-quality classical music performances and educational experiences to the Chicago metropolitan area. Their mission is to make these experiences accessible to individuals of all ages and musical backgrounds, aiming to demonstrate the enriching impact of music on people's lives. To accomplish this, they present world-class musicians and varied repertoires, engaging listeners through interactive or short programs in easily reachable locations. Classical Music Chicago prioritizes admission-free programming, ensuring that everyone can appreciate the beauty and power of classical music without financial barriers.
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Impact
October, 2024
Classical Music Chicago significantly enriches the cultural landscape of the Chicago metropolitan area by providing free access to high-quality classical music performances and educational experiences. This initiative allows individuals of all ages and diverse musical backgrounds to engage with the transformative power of music, fostering a deeper appreciation for the art form.
By presenting world-class musicians and a dynamic repertoire in easy-access locations, Classical Music Chicago breaks down traditional barriers to concert-going, making classical music more approachable and enjoyable for everyone. Their interactive and short programs are specifically designed to captivate audiences, encouraging engagement and enthusiasm for live performances.
Additionally, the organization plays a vital role in community building. By offering admission-free programming, it creates inclusive environments where people can come together to share in the joy of music. This commitment not only enriches the lives of individuals but also strengthens the community fabric by fostering connections through shared cultural experiences. Overall, Classical Music Chicago enhances the vibrancy of the city's arts scene, demonstrating how music can be a powerful force for enrichment and education.
This information is meant to be a general summary of Classical Music 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: $59,923
- Gross Receipts: $1,504,878
Assets and Liabilities:
- Total Assets: $2,785,983
- Total Liabilities: $27,973
- Net Assets: $2,758,010
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Organization Details
Founding Year
1979
Phone
(312) 670-6888Principal Officer
Mark Riggleman
Main Address
200 W Madison St Floor 2, Chicago, IL, 60606
NTEE Category
Code: A68Z - Arts
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