Totals
- Total revenue
- $881,744
- Total expenses
- $807,255
- Contributions and grants received
- $574,122
- Grants paid
- $0
- Program service revenue
- $292,218
- Investment income
- $0
- Other revenue
- $15,404
- Total assets, end of year
- $683,063
- Total liabilities, end of year
- $505,454
- Net assets or fund balances, end of year
- $177,609
- Program services expenses (Part IX)
- $397,677
- Management and general expenses
- $364,197
- Fundraising expenses
- $45,381
- Program service expenses (Part III)
- $397,677
Program services were 49.3% 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)
$174,999
-
1f · All other contributions, gifts and grants
$399,123
-
2a · Program service revenue: Program Income
total $252,580 · related or exempt $252,580
-
2b · Program service revenue: Tuition Instuction
total $39,638 · related or exempt $39,638
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Other Income
total $15,404 · related or exempt $15,404
-
11e · Other revenue, total
$15,404
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $91,200 · program services $46,512 · management and general $43,776 · fundraising $912
-
7 · Other salaries and wages
total $316,861 · program services $161,599 · management and general $152,093 · fundraising $3,169
-
11b · Fees: legal
total $600 · program services $306 · management and general $288 · fundraising $6
-
11c · Fees: accounting
total $42,705 · program services $21,780 · management and general $20,498 · fundraising $427
-
11g · Fees: other
total $74,656 · program services $38,074 · management and general $35,836 · fundraising $746
-
12 · Advertising and promotion
total $32,865 · program services $16,761 · management and general $15,775 · fundraising $329
-
13 · Office expenses
total $88,738 · program services $50,908 · management and general $37,451 · fundraising $379
-
16 · Occupancy
total $30,102 · program services $15,352 · management and general $14,750
-
17 · Travel
total $63,290 · program services $32,278 · management and general $30,379 · fundraising $633
-
19 · Conferences, conventions and meetings
total $1,269 · program services $647 · management and general $609 · fundraising $13
-
20 · Interest
total $1,335 · program services $681 · management and general $641 · fundraising $13
-
23 · Insurance
total $981 · program services $500 · management and general $471 · fundraising $10
-
24a · Other expenses: Miscellaneous Expense
total $7,418 · program services $3,783 · management and general $3,635
-
24b · Other expenses: Fundraising Expense
total $38,576 · fundraising $38,576
-
24c · Other expenses: Automobile Expense
total $15,957 · program services $8,138 · management and general $7,659 · fundraising $160
-
24d · Other expenses: Professional Development
total $551 · program services $281 · management and general $264 · fundraising $6
-
24e · All other expenses
total $151 · program services $77 · management and general $72 · fundraising $2
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $487,340 · end of year $394,085
-
4 · Accounts receivable
beginning of year $112,165 · end of year $257,256
-
10a · Land, buildings and equipment: cost or other basis
$36,415
-
10b · Land, buildings and equipment: accumulated depreciation
$4,693
-
10c · Land, buildings and equipment, net
beginning of year $28,158 · end of year $31,722
-
17 · Accounts payable and accrued expenses
beginning of year $66,801 · end of year $5,800
-
22 · Loans and payables to officers and key people
beginning of year $12,313 · end of year $11,913
-
24 · Unsecured notes and loans payable
beginning of year $489,100 · end of year $463,384
-
25 · Other liabilities
end of year $24,357
-
27 · Net assets without donor restrictions
beginning of year $59,449 · end of year $177,609
Mission and programs · 2024
Mission
MUSICAL ARTS INSTITUTE PROVIDES INTENSIVE PRIVATE AND GROUP TRAINING, AFTER SCHOOL PROGRAMMING AND OTHER SPECIALIZED LEARNING OPPORTUNITIES FOR YOUTH. WE SERVE CULTURALLY AND ECONOMICALLY UNDERSERVED COMMUNITIES WHERE ACCESS TO HIGH QUALITY MUSIC IS LIMITED.
-
MAI SERVES SEVERAL CHICAGO PUBLIC SCHOOLS WITHIN THE SURROUNDING CITY. STUDENTS IN THE INNER CITY OF CHICAGO ARE LEARNING THE TECHNICAL AND ARTISTIC SKILLS NEEDED FOR THEM TO REACH THEIR FULLEST POTENTIAL AS YOUNG ARTISTS. MAI PROMOTES COMMUNITY AWARENESS OF THE ARTS AND HAS ENGAGED WITH THE COMMUNITY THROUGH CULTURALLY ENRICHING EVENTS. MAI HAS SPONSORED STUDENTS/STAFF RECITALS, HOSTED YEAR ROUND WORKSHOPS FOR MUSIC STUDENTS IN DISTRESSED AREAS IN CHICAGO. MAI HAS ALSO PROVIDED FREE MUSIC CLASSES AND CONCERTS TO CHILDREN THROUGHOUT THE CITY.
Expenses $397,677
As filed on the 2024 return.
Listed in Part VII
-
Lana Manson
Finance Executive
- Total calculated
- $48,000
- From this org
- $48,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael Manson
Executive Director
- Total calculated
- $43,200
- From this org
- $43,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 52
-
Adrianne Jones
Board Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Sharon Johnson
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Delvert Cole
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Erick Nickerson
Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Deborah Eldridge
Member
- Total calculated
- $0
- Hours/week
- 2
-
Derrick Buckingham
Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Arnold Damon
Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Eric Barnes
Member
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523209349302802
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