Maywood Fine Arts Association
- Assets
- $3.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 56
- Location
- Maywood, IL
- Founding
- 08/1992
- Data as of
- 07/2022
- 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 07/2022, Maywood Fine Arts Association employed 56 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 07/2022, Maywood Fine Arts Association generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.1m during the year ending 07/2022. 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
2022
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
MFAS PROGRAMMING RAN FROM SEPTEMBER 4, 2021, THROUGH JULY 18, 2022. ENROLLED PROGRAMS INCLUDED: MUSIC -144 STUDENTS PARTICIPATED IN INDIVIDUAL LESSONS AS WELL AS MUSIC RECITALS HELD IN DECEMBER AND MAY AND 26 STUDENTS PARTICIPATED IN THE ANNUAL PIANO COMPETITION; DANCE-280 STUDENTS PARTICIPATED IN GROUP CLASSES IN BALLET, JAZZ, AND TAP. IN DECEMBER AND JUNE, A PUBLIC BALLET, JAZZ, AND TAP SHOW WAS PRESENTED; TUMBLING-198 STUDENTS PARTICIPATED IN GROUP CLASSES AND TUMBLING SHOWCASES HELD IN DECEMBER AND JUNE; DRAMA-39 PARTICIPATED IN GROUP CLASSES AND IN A FINAL PERFORMANCE HELD IN JUNE; VISUAL ARTS-54 STUDENTS PARTICIPATED IN VISUAL ARTS CLASSES WITH PUBLIC EXHIBITS HELD IN DECEMBER AND MAY; KARATE-54 STUDENTS PARTICIPATED IN GROUP CLASSES AND HAD 3 OPPORTUNITIES TO COMPLETE BELT TESTS TO ADVANCE. IN THE SUMMER: 5-WEEK SUMMER DANCE INTENSIVE- 96 STUDENTS PARTICIPATED IN THE DAYTIME PROGRAM WITH MORNING FOCUSED ON DANCE AND AFTERNOON CLASSES A VARIETY OF ARTS EDUCATION. MFA ALSO OFFERED SUMMER CLASSES IN TUMBLING, MUSIC, VISUAL ARTS AND KARATE. OUTREACH PROGRAMING INCLUDED: MODERN DANCE WEEK FOR 33 INTERMEDIATE AND ADVANCED STUDENTS WITH WINFRED HAUN DANCERS; CLASSICAL BALLET FOR NEW AUDIENCES (CBNA) PROGRAM FEATURED THE CLASSIC BALLET, CINDERELLA FOR A PUBLIC AUDIENCE OF 750 ON APRIL 2ND, AND A SPECIAL PERFORMANCE FOR 650 SCHOOL CHILDREN ON APRIL 1ST; THE CBNA PROGRAM ALSO PRESENTED SIX 11-MINUTE CINDERELLA BALLET WORKSHOPS FOR ITS LOCAL SCHOOL DISTRICT SINCE THEY WERE NOT DOING OFF-SITE FIELD TRIPS; MFAS GET OFF THE STREETS (GOTS) PROGRAM EMPLOYED 20 MFA STUDENTS WHO RECEIVED LEADERSHIP, TEACHING AND ARTISTIC TRAINING; AND WITH COVID RESTRICTIONS ENDING, MFA STUDENTS WERE ONCE AGAIN PERFORMING AT CELEBRATIONS SUCH AS MAYWOODS NATIONAL NIGHT OUT AND BROADVIEW FEST; AT SCHOOL DISTRICT 89S BACK TO SCHOOL PICNIC, AND AT SEE CHICAGO DANCES WAVE WALL MOVES EVENT AT NAVY PIER DRAWING ONE OF THE EVENTS LARGEST CROWDS OF THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Baumann Executive Dir. | Officer | 40 | $72,000 |
David C Martin Treasurer | OfficerTrustee | 5 | $0 |
Nancy Payne Vice President | OfficerTrustee | 5 | $0 |
Kevin Mcghee Secretary | OfficerTrustee | 5 | $0 |
Laura Thompson President | OfficerTrustee | 5 | $0 |
Dianne Engram Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $412,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,658 |
| Total Program Service Revenue | $381,527 |
| Investment income | $134 |
| 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 | $1,414,903 |
| 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 | $493,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,065 |
| Payroll taxes | $48,573 |
| 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 | $157,075 |
| Advertising and promotion | $4,076 |
| Office expenses | $9,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,621 |
| Travel | $5,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,861 |
| Insurance | $16,243 |
| All other expenses | $11,804 |
| Total functional expenses | $1,093,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,352 |
| Savings and temporary cash investments | $46,150 |
| Pledges and grants receivable | $148,110 |
| 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 | $19,506 |
| Prepaid expenses and deferred charges | $10,503 |
| Net Land, buildings, and equipment | $3,000,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,515,801 |
| Accounts payable and accrued expenses | $57,265 |
| 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 | $46,254 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,519 |
| Net assets without donor restrictions | $3,304,657 |
| Net assets with donor restrictions | $107,625 |
| 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 | $3,515,801 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Maywood Fine Arts Association has recieved totaling $228,409.
| Awarding Organization | Amount |
|---|---|
Westlake Health Foundation Oakbrook Terrace, IL PURPOSE: FIT AND FUN PROGRAM | $65,000 |
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Westlake Health Foundation Oakbrook Terrace, IL PURPOSE: STUDENT SCHOLARSHIP FUND | $35,000 |
Alphawood Foundation Chicago, IL PURPOSE: GENERAL OPERATIONS | $25,000 |
The Christopher Family Foundation Westmont, IL PURPOSE: CAPACITY BUILDING TOWARDS A CULTURE OF PHILANTHROPY AND ESTABLISH A PROFESSIONAL DEVELOPMENT OPERATION | $25,000 |
Union Pacific Foundation Omaha, NE PURPOSE: ARTS AND CULTURE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
Organization Of American Historians Bloomington, IN | $4,203,949 | $3,566,277 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
American Pianists Asso Inc Indianapolis, IN | $13,211,143 | $1,708,505 |
Society Of Professional Journalists Indianapolis, IN | $1,602,738 | $1,294,890 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |