Maywood Fine Arts Association
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 65
- Location
- Maywood, IL
- Founding
- 08/1992
- Data as of
- 07/2023
- EIN
- 36-3822848
Organization Overview
Maywood Fine Arts Association is located in Maywood, IL. The organization was established in 1992. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Maywood Fine Arts Association employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maywood Fine Arts Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Maywood Fine Arts Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.2m during the year ending 07/2023. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MAYWOOD FINE ARTS IS TO PROVIDE AFFORDABLE QUALITY ARTS AND FITNESS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FY2023, MFA SERVED 4,000 CHILDREN: 805 NON-DUPLICATED STUDENTS ENROLLED IN MFAS GRANT-SUBSIDIZED ENRICHMENT CLASSES, AND OVER 3,000 CHILDREN WHO PARTICIPATED IN OUTREACH ACTIVITIES. MFAS PROGRAMMING RAN FROM AUGUST 27, 2022 THROUGH JULY 21, 2023 WITH 100% OF TUITION COSTS BEING SUBSIDIZED. MORE THAN HALF (61%) OF MFA STUDENTS SERVED WERE FROM LOW-INCOME OR POVERTY LEVEL HOUSEHOLDS, AND IN ADDITION TO THE SUBSIDIZED TUITION, 46% OF STUDENTS RECEIVED CLASSES ON FULL OR PARTIAL SCHOLARSHIP. FY23 MFA ART & FITNESS CLASSES: DANCE: (250 STUDENTS ) GROUP CLASSES IN BALLET, JAZZ, & TAP, PUBLIC PERFORMANCES IN DECEMBER & JUNE MUSIC: (190 STUDENTS) INDIVIDUAL VOICE, PIANO, DRUMS, & GUITAR LESSONS. MUSIC RECITALS IN DECEMBER & MAY; A PIANO COMPETITION IN MARCH DRAMA: (36 STUDENTS) GROUP ACTING CLASSES FOCUSING ON SCENE AND STAGE PERFORMANCE, 3 PERFORMANCES IN MAY VISUAL ARTS: (42 STUDENTS) GROUP CLASSES COVERING VARIOUS TECHNIQUES & NOTABLE ARTISTS, A PUBLIC EXHIBITION IN MAY TUMBLING AND KARATE: (260 STUDENTS): GROUP TUMBLING & KARATE CLASSES WITH TUMBLING SHOWCASES IN DECEMBER & JUNE, 3 OPPORTUNITIES TO ADVANCE KARATE BELT LEVELS SUMMER DANCE INTENSIVE: (106 STUDENTS) A 5-WEEK, M-TH, DAYTIME PROGRAM WHICH FOCUSES ON ALL STYLES OF DANCE AND OTHER PERFORMING ARTSIN APRIL, MFA PRESENTED SNOW WHITE, FEATURING 63 STUDENT DANCERS IN THE CORPS DE BALLET AND 4 GUEST ARTISTS WHO SERVED AS INSPIRING ROLE MODELS. IN ADDITION TO A PUBLIC PERFORMANCE, 2 SCHOOL SHOWS WERE ATTENDED BY 2,000 LOCAL ELEMENTARY SCHOOL CHILDREN, EXPOSING THEM TO THE MAGIC OF BALLET. IN ADDITION, 24 TEENS AND PRETEENS PARTICIPATED IN MFAS YOUTH LEADERSHIP PROGRAM (GOTS) RECEIVING TRAINING AND COMPENSATION FOR SERVING AS TEACHING ASSISTANTS AND PROVIDING SUPPORT DURING MFA EVENTS. MFA'S PARTNERSHIP WITH LOCAL ELEMENTARY SCHOOL DISTRICT 89, EXPANDED THIS YEAR. WITH MFA PROVIDING 300 PRESCHOOL STUDENTS, ALONG WITH THEIR PARENTS, CREATIVE DANCE AND TUMBLING WORKSHOPS IN APRIL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Baumann Executive Dir. | Officer | 40 | $72,000 |
Nancy Payne President | OfficerTrustee | 5 | $0 |
Kevin Mcghee Vice President | OfficerTrustee | 5 | $0 |
David C Martin Treasurer | OfficerTrustee | 5 | $0 |
Myra Price Secretary | OfficerTrustee | 5 | $0 |
Deb Abrahamson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $718,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,134 |
| Total Program Service Revenue | $417,692 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,175,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation of current officers, directors, key employees. | $13,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $586,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,993 |
| Payroll taxes | $57,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,856 |
| Advertising and promotion | $4,634 |
| Office expenses | $21,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,696 |
| Travel | $6,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,323 |
| Insurance | $18,015 |
| All other expenses | $19,065 |
| Total functional expenses | $1,222,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,981 |
| Savings and temporary cash investments | $93,998 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,660 |
| Prepaid expenses and deferred charges | $11,691 |
| Net Land, buildings, and equipment | $2,935,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,452,535 |
| Accounts payable and accrued expenses | $52,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,453 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,798 |
| Net assets without donor restrictions | $3,318,362 |
| Net assets with donor restrictions | $46,375 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,452,535 |