Totals
- Total revenue
- $812,041
- Total expenses
- $686,778
- Contributions and grants received
- $423,127
- Grants paid
- $0
- Program service revenue
- $382,488
- Investment income
- $822
- Other revenue
- $5,604
- Total assets, end of year
- $757,326
- Total liabilities, end of year
- $484,217
- Net assets or fund balances, end of year
- $273,109
- Program services expenses (Part IX)
- $522,241
- Management and general expenses
- $154,659
- Fundraising expenses
- $9,878
- Program service expenses (Part III)
- $522,241
Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$185,400
-
1f · All other contributions, gifts and grants
$237,727
-
2a · Program service revenue: Program Income
total $500 · related or exempt $500
-
2b · Program service revenue: Tuition-Instruction
total $118,205 · related or exempt $118,205
-
2c · Program service revenue: Performance
total $500 · related or exempt $500
-
2d · Program service revenue: CPS Contract Program In
total $263,283 · related or exempt $263,283
-
3 · Investment income
total $822 · unrelated business $822
-
11a · Other revenue: Miscellaneous Income
total $5,969 · related or exempt $5,969
-
11b · Other revenue: Musical Supplies
total -$365 · related or exempt -$365
-
11e · Other revenue, total
$5,604
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $178,752 · program services $178,752
-
11b · Fees: legal
total $484 · management and general $484
-
11c · Fees: accounting
total $25,408 · management and general $25,408
-
11g · Fees: other
total $262,486 · program services $233,166 · management and general $26,901 · fundraising $2,419
-
12 · Advertising and promotion
total $43,503 · program services $43,503
-
13 · Office expenses
total $63,929 · program services $13,789 · management and general $50,140
-
14 · Information technology
total $309 · management and general $309
-
17 · Travel
total $25,771 · program services $19,025 · management and general $6,746
-
19 · Conferences, conventions and meetings
total $13,690 · program services $13,690
-
20 · Interest
total $298 · management and general $298
-
23 · Insurance
total $1,103 · management and general $1,103
-
24a · Other expenses: Music Supplies
total $20,285 · program services $20,285
-
24b · Other expenses: License and Fees
total $502 · management and general $502
-
24c · Other expenses: Merchant Fees
total $1,643 · management and general $1,643
-
24d · Other expenses: Bank Charges
total $2,140 · management and general $2,140
-
24e · All other expenses
total $46,475 · program services $31 · management and general $38,985 · fundraising $7,459
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $545,368 · end of year $510,816
-
4 · Accounts receivable
beginning of year $48,386 · end of year $213,323
-
10a · Land, buildings and equipment: cost or other basis
$67,305
-
10b · Land, buildings and equipment: accumulated depreciation
$36,311
-
10c · Land, buildings and equipment, net
beginning of year $29,912 · end of year $30,994
-
15 · Other assets
end of year $2,193
-
22 · Loans and payables to officers and key people
beginning of year $21,172 · end of year $11,372
-
24 · Unsecured notes and loans payable
beginning of year $489,100
-
25 · Other liabilities
end of year $472,845
-
27 · Net assets without donor restrictions
beginning of year $113,394 · end of year $273,109
Mission and programs · 2022
Mission
MUSICAL ARTS INSTITUTE PROVIDES INTENSIVE PRIVATE AND GROUP TRAINING, AFTER SCHOOLPROGRAMMING AND OTHER SPECIALIZED LEARNING OPPORTUNITIES FOR YOUTH. WE SERVE CULTURALLY AND ECONOMICALLY UNDESERVED COMMUNITIES WHERE ACCESS TO HIGH ACCESS TO HIGH QUALITY MUSIC IS LIMITED.
-
MAI SERVES SEVERAL CHICAGO PUBLIC SCHOOLS WITHING THE SURROUNDING CITY.STUDENTS IN THE INNER CITY OF CHICAGO ARE LEARNING THE TECHNICAL AND ARTISTIC SKILLS NEEDED FOR THEM TO REACH THEIR FULLEST POTENTIALAS YOUNG ARTISTS. MAI PROMOTES COMMUNITY AWARENESS OF THE ARTS AND HAS ENGAGED WITHTHE COMMUNITY THROUGH CULTURALLY ENRICHING EVENTS. MAI HAS SPONSOREDSTUDENTS/STAFF RECITALS, HOSTED YEAR ROUND WORKSHOPS FOR MUSIC STUDENTSIN DISTRESSED AREAS IN CHICAGO. MAI HAS ALSO PROVIDED FREE MUSIC CLASSESAND CONCERTS TO CHILDREN THROUGHOUT THE CITY.
Expenses $522,241 · Grants $423,127 · Revenue $811,219
As filed on the 2022 return.
Listed in Part VII
-
Dr Debrah Eldridge
Member
- Total calculated
- $0
- Hours/week
- 0
-
Damon Thompson
Member
- Total calculated
- $0
- Hours/week
- 0
-
Lana Manson
Finance Executive
- Total calculated
- $0
- Hours/week
- 0
-
Derrick Buckingham
Member
- Total calculated
- $0
- Hours/week
- 0
-
Erick Nickerson
Member
- Total calculated
- $0
- Hours/week
- 0
-
Adrianne Jones
Board Vice Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Bert Allen
Board Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Delvert Cole
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Sharon Johnson
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Michael Manson
Executive Director
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341389349301574
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