Nonprofits›Music Academy Nfp
Arts, Culture & Humanities
Music Academy Nfp
ROCKFORD, IL
Total revenue
$703K
Total expenses
$557K
Net assets
$234K
Grants received
$124K
11 grants
EIN
452281679
Tax year
2024
Mission
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.
Financials
FY 2024
Revenue
Contributions & grants$305K
Program service revenue$391K
Investment income—
Other revenue$10K
Total revenue$703K
Expenses
Grants paid—
Salaries & benefits$450K
Fundraising$23K
Other expenses$107K
Total expenses$557K
Total assets$290K
Net assets$234K
People
6 listed
NameRoleCompensation
LAURA EAKMAN
EXECUTIVE DI
Board
$63K
40 hrs/wk
HOPE COLLINS
DIRECTOR
Board
—
2 hrs/wk
COLLEEN MCDONALD
SECRETARY
Board
—
2 hrs/wk
KRISTIN NELSON
DIRECTOR
Board
—
2 hrs/wk
JONATHAN ROZMAN
DIRECTOR
Board
—
2 hrs/wk
CHRISTOPHER WRATE
CHAIR
Board
—
2 hrs/wk
Grants received
Showing 11 of 11
FromAmountPurposeYear
$12K
For purposes as specified in a grant application, fund agreement or gift instrument.
2024
$12K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2023
$7K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2022
$8K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2021
$6K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2019
$9K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2018
$10K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2017
Funded by
$124K from 4 funders · 11 grants · 2017–2024
Community Foundation of Northern IL
$62K · 7 grants · 2017–2024
The Music Academy Foundation
$51K · 2 grants · 2023–2024
Ncrc Community Development Fund Inc
$10K · 1 grant · 2023
Morgan Stanley Foundation Inc
$500 · 1 grant · 2024
Details
EIN452281679
NTEE codeA68
Subsection03
Ruling date2011-06
Formed2011
Employees34
Volunteers20