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Filing year 2023

INNOVATION ARTS ACADEMY INC

Lexington, Kentucky·EIN 81-2571338·NTEE A60 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$262k
Total assets
$36k
Total expenses
$258k
Reported officers
7
Mission

INNOVATION ARTS ACADEMY NURTURES THE CREATIVE SPIRIT IN CHILDREN BYPROVIDING HIGH QUALITY PERFORMING ARTS TRAINING;ENCOURAGING THE DEVELOPMENT OF INDIVIDUAL EXPRESSION, LEADERSHIP CAPACITY, TEAMWORK, AND DYNAMIC COMMUNICATION SKILLS;SUPPORTING AND DEVELOPING ARTS PROFESSIONALS; ANDSHOWCASING THE ARTS IN THE COMMUNITY.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Kentucky.

Executive Director
10th to 25th percentile
$18k
$20k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at INNOVATION ARTS ACADEMY INC equaled 7% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
7%
Sector median
11%
Middle half of sector
5% to 20%

Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2022

From $18k in 2022 to $18k in 2023.

$18k
2022
$18k
2023
In today's dollarsEst.
Down 4% in real terms$21k to $20k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue rose 28%.

$18k in 2022 to $18k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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 INNOVATION ARTS ACADEMY INC

What does the Chief Executive Officer of INNOVATION ARTS ACADEMY INC earn?

In 2023, the Chief Executive Officer of INNOVATION ARTS ACADEMY INC received $18,000 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Kentucky, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INNOVATION ARTS ACADEMY INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Kentucky, the 2023 pay of the Chief Executive Officer at INNOVATION ARTS ACADEMY INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at INNOVATION ARTS ACADEMY INC equaled 7% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are INNOVATION ARTS ACADEMY INC's revenue and expenses?

In 2023, INNOVATION ARTS ACADEMY INC reported $262k in total revenue and $258k in total expenses on its IRS Form 990.

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