NonprofitsMusic 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
$500
VOLUNTEER INCENTIVE PROGRAM
2024
$12K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2023
$10K
ILLINOIS CORONAVIRUS FISCAL RECOVERY FUNDS
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

Morgan Stanley Foundation Inc

$500 · 1 grant · 2024

Details

EIN452281679
NTEE codeA68
Subsection03
Ruling date2011-06
Formed2011
Employees34
Volunteers20
MUSIC ACADEMY NFP — Mission, Financials & Grants Received | Grantivo