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Filing year 2024

MAGICAL STRINGS OF YOUTH NFP

Long Grove, Illinois·EIN 20-2231076·NTEE A6C · Arts, Culture & Humanities·3
Total revenue
$165k
Total assets
$208k
Total expenses
$159k
Reported officers
5
Mission

TO PROMOTE MUSIC APPRECIATION AMONG YOUTH BY PROVIDING OPPORTUNITIES FOR CONCERT PERFORMANCES.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

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

President
10th to 25th percentile
$10k
$11k

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.

Plus 4 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MAGICAL STRINGS OF YOUTH NFP equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2024)
6%
Sector median
11%
Middle half of sector
5% to 20%

Based on 16,529 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 33%
from 2023

From $15k in 2023 to $10k in 2024.

$15k
2023
$10k
2024
In today's dollarsEst.
Down 36% in real terms$17k to $11k

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

Chief Executive Officer pay fell 33% from 2023 to 2024, while revenue rose 28%.

$15k in 2023 to $10k in 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 MAGICAL STRINGS OF YOUTH NFP

What does the Chief Executive Officer of MAGICAL STRINGS OF YOUTH NFP earn?

In 2024, the Chief Executive Officer of MAGICAL STRINGS OF YOUTH NFP received $10,000 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Illinois, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MAGICAL STRINGS OF YOUTH NFP compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations in Illinois, the 2024 pay of the Chief Executive Officer at MAGICAL STRINGS OF YOUTH NFP falls between the 10th and 25th percentiles. In 2024, the highest total compensation at MAGICAL STRINGS OF YOUTH NFP equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are MAGICAL STRINGS OF YOUTH NFP's revenue and expenses?

In 2024, MAGICAL STRINGS OF YOUTH NFP reported $165k in total revenue and $159k in total expenses on its IRS Form 990.

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