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Filing year 2024

AMERICAN ACADEMY OF ART INC

Chicago, Illinois·EIN 46-3291995·NTEE B99 · Education·501(c)(3)
Total revenue
$1.4M
Total assets
$15.1M
Total expenses
$2M
Reported officers
6
Mission

TO OPERATE A SCHOOL OF COMMERCIAL ART AND FINE ARTS IN CHICAGO, ILLINOIS.

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.

Vice President
25th percentile to median
$74k
$79k
Board Member
Below 10th percentile
$600
$642
President
Below 10th percentile
$600
$642
Chairman
Board Chair
Below 10th percentilevs Education peers nationwide
$600
$642
Board Member
Below 10th percentile
$600
$642
Board Member
Below 10th percentile
$600
$642

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at AMERICAN ACADEMY OF ART INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
4%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 33%
from 2023

From $110k in 2023 to $74k in 2024.

$110k
2023
$74k
2024
In today's dollarsEst.
Down 35% in real terms$122k to $79k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Vice President pay fell 32% from 2023 to 2024, while revenue fell 58%.

$108k in 2023 to $74k in 2024.
  • Chief Executive Officer pay fell 99% from 2023 to 2024.
  • Board Member pay fell 67% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about AMERICAN ACADEMY OF ART INC

What does the Vice President of AMERICAN ACADEMY OF ART INC earn?

In 2024, the Vice President of AMERICAN ACADEMY OF ART INC received $73,846 in total compensation. This pay is below the median (the midpoint) for Vice President roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at AMERICAN ACADEMY OF ART INC compare with similar nonprofits?

Compared with the same role at Education organizations in Illinois, the 2024 pay of the Vice President at AMERICAN ACADEMY OF ART INC falls between the 25th percentile and the median. In 2024, the highest total compensation at AMERICAN ACADEMY OF ART INC equaled 4% of the organization's total expenses. The median for education organizations is 7%.

What are AMERICAN ACADEMY OF ART INC's revenue and expenses?

In 2024, AMERICAN ACADEMY OF ART INC reported $1.4M in total revenue and $2M in total expenses on its IRS Form 990.

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