Ravinia Festival Association is located in Highland Park, IL. The organization was established in 1943. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Ravinia Festival Association employed 805 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ravinia Festival 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 09/2021, Ravinia Festival Association generated $43.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $33.8m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT WORLD-CLASS MUSIC, THEATRE AND CULTURAL PRESENTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1904, RAVINIA IS BOTH THE LONGEST-RUNNING AND THE MOST ARTISTICALLY DIVERSE OUTDOOR MUSIC FESTIVAL IN NORTH AMERICA. APPROXIMATELY 400,000 PEOPLE VISIT RAVINIA BETWEEN JUNE AND SEPTEMBER EACH YEAR ACROSS MORE THAN 100 SEPARATE EVENTS THAT HIGHLIGHT GENRES AS WIDE-RANGING AS THE AUDIENCES. CLASSICAL MUSIC IS A SPECIAL FOCUS AT RAVINIA DATING BACK TO ITS FIRST CONCERTS, INCLUDING A REGULAR SERIES OF PERFORMANCES BY THE CHICAGO SYMPHONY ORCHESTRA, WHICH HAS FORMALLY BEEN IN SUMMER RESIDENCE AT THE FESTIVAL SINCE 1936.
THE RAVINIA STEANS MUSIC INSTITUTE (RSMI) IS HOME TO ARTISTIC DEVELOPMENT PROGRAMS SOUGHT OUT INTERNATIONALLY BY YOUNG PROFESSIONAL CLASSICAL PIANISTS AND STRING PLAYERS, CLASSICAL SINGERS, AND JAZZ MUSICIANS DEVOTED TO HONING AND ADVANCING THEIR TALENTS COLLABORATIVELY. EACH SUMMER 65 ARTISTS RECEIVE FULLY PAID FELLOWSHIPS TO ENGAGE IN COACHINGS AND MASTERCLASSES WITH A FACULTY OF LEADING ARTISTS AND SPECIALISTS, LEARN VALUABLE SKILLS NECESSARY FOR SUCCESSFUL ARTISTIC CAREERS, AND PERFORM ON RAVINIA'S BENNETT GORDON HALL STAGE. RSMI PRESENTS ABOUT TWO DOZEN FREE OR LOW-PRICED PERFORMANCES THROUGHOUT THE SUMMER FOR RAVINIA AUDIENCES AND IN LOCAL VENUES. SINCE ITS FOUNDING IN 1988, RSMI HAS SUPPORTED OVER 1,600 EXCEPTIONAL ARTISTS, MANY OF WHOM HAVE CULTIVATED HIGHLY VISIBLE CAREERS IN PERFORMANCE, ARTISTIC LEADERSHIP, AND MUSIC EDUCATION.
RAVINIA'S REACH TEACH PLAY (RTP) PROGRAMS SERVE TENS OF THOUSANDS IN CHICAGO-AREA COMMUNITIES, OPENING DOORS FOR EVERYONE TO ACCESS AND EXPERIENCE THE POSITIVE IMPACT OF LIVE MUSIC. SEVERAL PROGRAMS EXTEND RAVINIA'S REACH INTO CHICAGO AND LAKE COUNTY PUBLIC SCHOOLS THAT OTHERWISE HAVE LITTLE TO NO MUSIC CURRICULUM OF THEIR OWN, PROVIDING 20,000 STUDENTS WITH LIVE PERFORMANCES AND INTEGRATIVE ACTIVITIES THAT SPARK A LOVE OF MUSIC AND INVITE EXPLORATION OF VARIED GENRES AND STYLES, AS WELL AS PROGRAMS THAT TEACH THE FOUNDATIONS OF MUSIC AND ENCOURAGE CHILDREN TO ENGAGE IN MUSIC-MAKING AND EXPRESS THEMSELVES CREATIVELY. RAVINIA GIVES STUDENTS THE OPPORTUNITY TO PLAY MUSICAL INSTRUMENTS, DEVELOP THEIR TALENTS, AND CREATE PATHWAYS FOR CONTINUED SUCCESS THROUGH A VARIETY OF PROGRAMS, INCLUDING A COMMUNITY FAMILY MUSIC SCHOOL, EL SISTEMA - INSPIRED ORCHESTRAL PROGRAMS THAT FOSTER SOCIAL DEVELOPMENT, AND A MENTORSHIP PROGRAM FOR HIGH SCHOOL JAZZ MUSICIANS. CENTRAL TO RTP'S MISSION OF ACCESS, RAVINIA PROVIDES FREE SUMMER CONCERT PASSES TO THOUSANDS OF COMMUNITY MEMBERS THROUGH PARTNERSHIPS WITH OVER 150 SOCIAL SERVICE AGENCIES, AS WELL AS PUBLIC LIBRARIES AND COMMUNITY MUSIC AND PERFORMING ARTS SCHOOLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Haydon President & CEO | OfficerTrustee | 40 | $563,838 |
Christopher J Klein Chairperson | OfficerTrustee | 3 | $0 |
E Scott Santi Vice Chair | OfficerTrustee | 3 | $0 |
John B Snyder Jr Treasurer | OfficerTrustee | 3 | $0 |
Courtney Mp Hollowell MD Secretary | OfficerTrustee | 3 | $0 |
James Abrams Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wb Olson Contractor | 9/29/23 | $6,147,628 |
Chicago Symphony Orchestra Musical | 9/29/23 | $2,918,666 |
Wenger Corporation Contractor | 9/29/23 | $1,165,000 |
John Legend Touring Inc Musical | 9/29/23 | $1,003,161 |
Creative Artists Agency Llc Musical | 9/29/23 | $1,392,173 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $22,992,127 |
Investment income | $700,638 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $75,375 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,186,835 |
Net Income from Fundraising Events | -$243,885 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $212,085 |
Miscellaneous Revenue | $0 |
Total Revenue | $43,242,885 |
Statement of Expenses | |
---|---|
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. | $809,498 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,049,651 |
Pension plan accruals and contributions | $526,195 |
Other employee benefits | $858,357 |
Payroll taxes | $630,350 |
Fees for services: Management | $0 |
Fees for services: Legal | $117,006 |
Fees for services: Accounting | $66,345 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $930,885 |
Fees for services: Other | $11,110,708 |
Advertising and promotion | $1,086,611 |
Office expenses | $563,781 |
Information technology | $677,476 |
Royalties | $0 |
Occupancy | $1,008,265 |
Travel | $59,326 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $193,569 |
Interest | $23,534 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,716,415 |
Insurance | $526,343 |
All other expenses | $0 |
Total functional expenses | $33,778,478 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $10,931,654 |
Pledges and grants receivable | $3,864,368 |
Accounts receivable, net | $1,178,885 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $108,856 |
Prepaid expenses and deferred charges | $1,230,392 |
Investments—publicly traded securities | $17,243,636 |
Investments—other securities | $120,369,635 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $230,171,878 |
Accounts payable and accrued expenses | $2,233,896 |
Grants payable | $0 |
Deferred revenue | $2,296,889 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $4,530,785 |
Net assets without donor restrictions | $152,900,655 |
Net assets with donor restrictions | $72,740,438 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $225,641,093 |