Ravinia Festival Association
- Assets
- $230.2m
- Revenue
- $43.2m
- Investments
- $120.4m
- Employees
- 685
- Location
- Highland Park, IL
- Founding
- 07/1943
- Data as of
- 09/2021
- EIN
- 36-6002273
Organization Overview
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 09/2021, Ravinia Festival Association employed 685 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 6 years the organization has increased revenue by an average of 0.9% 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
FOUNDED IN 1904, RAVINIA IS THE OLDEST OUTDOOR MUSIC FESTIVAL IN NORTH AMERICA AND REPRESENTS A WIDE-RANGING SERIES OF CONCERTS REACHING APPROXIMATELY 600,000 VISITORS OF DIVERSE BACKGROUNDS EACH SUMMER SEASON. CLASSICAL MUSIC IS CENTRAL TO THE MISSION OF RAVINIA, WHICH HAS HOSTED THE CHICAGO SYMPHONY ORCHESTRA IN SUMMER RESIDENCE SINCE 1936. RAVINIA ANNUALLY PRESENTS MORE THAN 140 SEPARATE EVENTS FROM JUNE THROUGH SEPTEMBER, WHICH SPAN ALL GENRES FROM CLASSICAL MUSIC TO JAZZ TO MUSICAL THEATER WITH A SPECIAL EMPHASIS ON CLASSICAL MUSIC.
RAVINIA OPERATES A PROFESSIONAL STUDIES PROGRAM, THE RAVINIA STEANS MUSIC INSTITUTE (RSMI), THROUGH WHICH SERIOUS ARTISTS COMPETE FOR 65 ANNUAL FULLY PAID FELLOWSHIPS TO HONE THEIR PERFORMANCE TECHNIQUES WITH CELEBRATED MUSIC MASTERS. RSMI HAS RIGOROUS AND ACCLAIMED STUDY PROGRAMS - JAZZ, PIANO & STRINGS, AND SINGERS - IN WHICH THE FINEST UP-AND-COMING MUSICIANS CAN STUDY WITH MASTERS IN THEIR FIELD, OFTEN THE VERY ARTISTS PERFORMING AT RAVINIA. PARTICIPANTS GIVE A COMBINATION OF FREE CONCERTS PRIOR TO PAID EVENTS AT RAVINIA, AS WELL AS LOW PRICED STAND-ALONE CONCERTS, AFFORDING THEM THE OPPORTUNITY TO EXPERIENCE AUDIENCE REACTIONS WHILE PROVIDING RAVINIA AUDIENCES A CHANCE TO WITNESS TOMORROW'S STARS TODAY.
THROUGH RAVINIA'S REACH TEACH PLAY EDUCATION PROGRAMS, OVER 85,000 PEOPLE ARE SERVED EACH YEAR IN THE CHICAGO PUBLIC SCHOOLS AND BEYOND, ENSURING THAT GREAT MUSIC REMAINS ACCESSIBLE TO ALL. RAVINIA PROVIDES PROGRAMS THAT ACCESS AND SPARK A CURIOSITY TO LEARN MORE ABOUT MUSIC. PROGRAMS ARE OFFERED THAT EXPAND THE UNDERSTANDING AND ENJOYMENT OF MUSIC AND PROGRAMS THAT FOSTER THE DEVELOPMENT OF YOUNG MUSICIANS THROUGH TRAINING AND ENCOURAGEMENT. RAVINIA PROVIDES MUSIC EDUCATION PROGRAMS TO 18,000 PUBLIC SCHOOL STUDENTS, RETURNING MUSIC TO BUDGETSTRAPPED SCHOOLS IN CHICAGO'S AND LAKE COUNTY'S UNDERSERVED NEIGHBORHOODS, FREE FAMILY MUSIC PROGRAMS THROUGH A COMMUNITY FAMILY MUSIC SCHOOL IN LAWNDALE, AND INTENSE ORCHESTRA TRAINING, SISTEMA TRAINING PROGRAM AT CIRCLE ROCK CHARTER SCHOOL IN CHICAGO AND AT RAVINIA FOR WAUKEGAN SCHOOL CHILDREN, AND A JAZZ SCHOLARS PROGRAM FOR TALENTED HIGH SCHOOL STUDENTS. IN ADDITION, RAVINIA PROVIDES FREE PASSES TO PROVIDE ACCESS TO CONCERTS THROUGHOUT THE SUMMER THROUGH PARTNERSHIPS WITH 200 SOCIAL SERVICE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Welz D Kauffman President & CEO (until 9/2020) | 40 | $823,565 | |
Gregory Walters Director Of Development | 40 | $226,932 | |
Nicholas Pullia Director Of Communications | 40 | $197,827 | |
Jeffrey Haydon President & CEO (starting 9/2020) | OfficerTrustee | 40 | $189,800 |
Peggy Papaioannou Director Of Finance | Officer | 40 | $185,165 |
James Laing Director Of It | 40 | $172,975 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkins Coie Lp Professional Fees | 9/29/21 | $251,155 |
Wb Olson Contractor | 9/29/21 | $270,808 |
Creative Artists Agency Llc Musical | 9/29/21 | $700,000 |
Amazon Web Services It Services | 9/29/21 | $217,905 |
Dcg Roofing Solutions Inc Contractor | 9/29/21 | $488,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,975 |
| Fundraising events | $1,253,662 |
| Related organizations | $0 |
| Government grants | $10,025,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,688,490 |
| Noncash contributions included in lines 1a–1f | $560,895 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,992,127 |
| Total Program Service Revenue | $13,319,710 |
| 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 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. | $809,498 |
| 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 | $504,920 |
| 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 |
| Net Land, buildings, and equipment | $75,244,452 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $230,171,878 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ravinia Festival Association has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
The Barr Fund Chicago, IL PURPOSE: GENERAL FUND | $14,000 |
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: MUSIC PROGRAMS | $7,000 |
Endowment Analysis
| Beg. Balance | $115,274,718 |
| Earnings | $24,290,594 |
| Admin Expense | $937,613 |
| Net Contributions | $1,069,860 |
| Other Expense | $1,230,770 |
| Ending Balance | $138,466,789 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ravinia Festival Association Highland Park, IL | $230,171,878 | $43,242,885 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Artists In Motion Inc Indianapolis, IN | $1,277,049 | $1,242,334 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
Hoogland Center For The Arts Inc Springfield, IL | $6,969,049 | $1,022,079 |
Kuumba Lynx Chicago, IL | $1,227,292 | $991,440 |
International Violin Competition Of Indianapolis Inc Indianapolis, IN | $1,812,080 | $819,704 |
Natya Dance Theatre Oakbrook, IL | $1,497,460 | $845,551 |
Tobacco Road Incorporated Chicago, IL | $6,766,640 | $242,517 |
Circus Flora Inc Saint Louis, MO | $192,585 | $837,921 |
Indiana Ballet Conservatory Inc Carmel, IN | $193,640 | $651,465 |