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Filing year 2024

OLD TOWN SCHOOL OF FOLK MUSIC

Chicago, Illinois·EIN 36-2373635·NTEE A6E0 · Arts, Culture & Humanities·3
Total revenue
$14M
Total assets
$26.7M
Total expenses
$15M
Reported officers
32
Mission

THE OLD TOWN SCHOOL OF FOLK MUSIC TEACHES AND CELEBRATES MUSIC AND CULTURAL EXPRESSIONS ROOTED IN THE TRADITIONS OF DIVERSE AMERICAN AND GLOBAL COMMUNITIES.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

CEO (thru 9/2024)
$310k
$332k
Base
$253k
Bonus
Other
Benefits
$51k
Dir. of Institutional Adva
key employee
$271k
$290k
Base
$253k
Bonus
Other
Benefits
$12k
Dir. of Ed. (thru 10/2024), CEO
$183k
$196k
Base
$162k
Bonus
$20k
Other
Benefits
$414
Sr Director of Programming
highest compensated employee
$155k
$166k
Base
$135k
Bonus
Other
Benefits
$16k
CEO (10/2024-11/2024)
$102k
$109k

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 26 unpaid individuals.

Browse compensation in Arts, Culture & Humanities

Up 14%
from 2023

From $273k in 2023 to $310k in 2024.

$273k
2023
$310k
2024
In today's dollarsEst.
Up 10% in real terms$302k to $332k

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.

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

Revenue and expenses over time

OLD TOWN SCHOOL OF FOLK MUSIC reported revenue and expenses across 2 filing years.

RevenueExpenses
$14M
$14M
2023
$14M
$15M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Arts, Culture & Humanities executives earn in Illinois

Comparable arts, culture & humanities organizations in Illinois pay their highest-earning executive a median of $38,962.

25th percentile
$16k
Median
$38,962
75th percentile
$85k
90th percentile
$153k

These are arts, culture & humanities sector-wide figures, not this organization's reported pay. Based on 180 organizations across 180 filings (2021 – 2023).

See full Arts, Culture & Humanities pay data for Illinois
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