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Filing year 2023

THE CENTRAL MUSIC ACADEMY INC

Lexington, Kentucky·EIN 61-1466695·NTEE A68 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$508k
Total assets
$913k
Total expenses
$343k
Reported officers
14
Mission

PROVIDE TEACHING AND ENCOURAGMENT OF ALL ASPECTS OF INSTRUMENTAL AND VOCAL MUSIC.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

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

Asst Director
Board Member
Median to 75th percentile
$59k
Executive Direc
Board Member
Median to 75th percentile
$45k

Plus 12 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 THE CENTRAL MUSIC ACADEMY INC equaled 17% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

This organization (2023)
17%
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.

Down 5%
from 2022

From $63k in 2022 to $59k in 2023.

$63k
2022
$59k
2023
Pay for the position

Board Member pay fell 5% from 2022 to 2023, while revenue rose 63%.

$63k in 2022 to $59k 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 THE CENTRAL MUSIC ACADEMY INC

What does the Board Member of THE CENTRAL MUSIC ACADEMY INC earn?

In 2023, the Board Member of THE CENTRAL MUSIC ACADEMY INC received $59,404 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Arts, Culture & Humanities organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at THE CENTRAL MUSIC ACADEMY INC compare with similar nonprofits?

Compared with the same role at Arts, Culture & Humanities organizations nationwide, the 2023 pay of the Board Member at THE CENTRAL MUSIC ACADEMY INC falls between the median and the 75th percentile. In 2023, the highest total compensation at THE CENTRAL MUSIC ACADEMY INC equaled 17% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are THE CENTRAL MUSIC ACADEMY INC's revenue and expenses?

In 2023, THE CENTRAL MUSIC ACADEMY INC reported $508k in total revenue and $343k in total expenses on its IRS Form 990.

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