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EIN 45-2281679

The Music Academy NFP

IRS 501(c) type
501(c)(3)
Num. employees
33
City
Rockford
State
Illinois
Year formed
2011
Most recent tax filings
2024-06-01
NTEE code, primary
A6E: Performing Arts Schools
Description
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. Students are life-long leaners and range in age from prenatal to those in their 70s and 80s.
Total revenues
$487,383
2024
Total expenses
$527,257
2024
Total assets
$136,968
2024
Num. employees
33
2024

Program areas at The Music Academy NFP

Founded in 1985, The Music Academy, NFP (The Academy), was independently incorporated in march 2011 as an Illinois not-for-profit community school of Music dedicated to providing high quality, affordable instruction and performance opportunities to Academy students, regardless of age or ability.

Who funds The Music Academy NFP

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Music Academy Foundation$10,000
Community Foundation of Northern Illinois (CFNIL)For Purposes As Specified in A Grant Application, Fund Agreement Or Gift Instrument$7,081
D A O Foundation in Care of Aircraft Gear CorporationArts$4,000

Personnel at The Music Academy NFP

NameTitleCompensation
Dr. Laura EakmanExecutive Director$64,473
Martha FrantzPast Executive Director$63,654
Christopher WrateChair$0
Colleen McDonaldSecretary$0
Janice WestlundChair$0
...and 1 more key personnel

Financials for The Music Academy NFP

RevenuesFYE 06/2024
Total grants, contributions, etc.$82,905
Program services$411,957
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-9,155
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,676
Total revenues$487,383

Form 990s for The Music Academy NFP

Fiscal year endingDate received by IRSFormPDF link
2024-062024-09-11990View PDF
2023-062023-12-13990View PDF
2022-062022-12-14990View PDF
2021-062021-12-08990View PDF
2020-062021-04-02990View PDF
...and 9 more Form 990s

Organizations like The Music Academy NFP

OrganizationLocationRevenue
Suzuki Music School of WestportWestport, CT$1,203,881
Armstrong Community Music School (ACMS)Austin, TX$987,984
Powers Music SchoolBelmont, MA$2,157,104
Northeast Iowa School of MusicDubuque, IA$383,339
All Newton Music SchoolWest Newton, MA$1,702,498
Bronx School for MusicBronx, NY$501,301
Meadowmount School of MusicWestport, NY$1,933,407
Ovation School for the Performing ArtsUpland, CA$298,367
The Institute of Music for ChildrenElizabeth, NJ$1,424,585
Berkshire Music SchoolPittsfield, MA$709,500
Data update history
August 10, 2024
Received grants
Identified 1 new grant, including a grant for $4,000 from D A O Foundation in Care of Aircraft Gear Corporation
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 1 new personnel
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $7,081 from Community Foundation of Northern Illinois (CFNIL)
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
K-12 schoolsArts, culture, and humanities nonprofitsPerforming arts organizationsPerforming arts centersHeadquarter / parent organizationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsTax deductible donationsAccepts online donations
General information
Address
226 S Second St
Rockford, IL 61104
Metro area
Rockford, IL
County
Winnebago County, IL
Website URL
musicacademyinrockford.com/ 
Phone
(815) 986-0037
IRS details
EIN
45-2281679
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A6E: Performing Arts Schools
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Central organization
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