THE ACADEMY'S MISSION IS TO INSPIRE IN STUDENTS A LIFE-LONG LOVE OF MUSIC AND THE ARTS. STUDENTS ARE LIFE-LONG LEARNERS AND RANGE IN AGE FROM PRENATAL TO THOSE IN THEIR 70S AND 80S.
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.
| Position | Total |
|---|---|
Executive Di 25th percentile to median | $63k $68k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at THE MUSIC ACADEMY NFP equaled 11% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
Based on 16,529 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 2%
from 2023
From $64k in 2023 to $63k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay fell 2% from 2023 to 2024, while revenue rose 44%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE MUSIC ACADEMY NFP
What does the Chief Executive Officer of THE MUSIC ACADEMY NFP earn?
In 2024, the Chief Executive Officer of THE MUSIC ACADEMY NFP received $63,361 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at THE MUSIC ACADEMY 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 THE MUSIC ACADEMY NFP falls between the 25th percentile and the median. In 2024, the highest total compensation at THE MUSIC ACADEMY NFP equaled 11% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
What are THE MUSIC ACADEMY NFP's revenue and expenses?
In 2024, THE MUSIC ACADEMY NFP reported $703k in total revenue and $557k in total expenses on its IRS Form 990.
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