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Filing year 2024

The Musical Arts Institute

Chicago, Illinois·EIN 30-0603029·NTEE A68 · Arts, Culture & Humanities·501(c)(3)
Total revenue
$882k
Total assets
$683k
Total expenses
$807k
Reported officers
10
Mission

MUSICAL ARTS INSTITUTE PROVIDES INTENSIVE PRIVATE AND GROUP TRAINING, AFTER SCHOOL PROGRAMMING AND OTHER SPECIALIZED LEARNING OPPORTUNITIES FOR YOUTH. WE SERVE CULTURALLY AND ECONOMICALLY UNDERSERVED COMMUNITIES WHERE ACCESS TO HIGH QUALITY MUSIC IS LIMITED.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

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

Finance Executive
Officer (Unspecified)
$48k
$51k
Executive Director
25th percentile to median
$43k
$46k

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 8 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 The Musical Arts Institute 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 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about The Musical Arts Institute

What does the Chief Executive Officer of The Musical Arts Institute earn?

In 2024, the Chief Executive Officer of The Musical Arts Institute received $43,200 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 Musical Arts Institute 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 Musical Arts Institute falls between the 25th percentile and the median. In 2024, the highest total compensation at The Musical Arts Institute equaled 6% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.

What are The Musical Arts Institute's revenue and expenses?

In 2024, The Musical Arts Institute reported $882k in total revenue and $807k in total expenses on its IRS Form 990.

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