Form 990 for the fiscal year ending August 2025 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 89% | — | — |
| Overhead ratio | 8% | — | — |
| Fundraising cost ratio | 3% | — | — |
| Revenue growth | 18% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Adam Zanolini’s $65K as Frmr Exec Dir is at the 60th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Adam Zanolini | $65,310 | $75,985 | $68,717 | $65,300 | $55,417 | $49,375 |
| Ben Billington | $62,536 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Supports local musicians and artists by presenting creative music, art, and performance events.
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Where the work happens
1) production and presentation of approximately 200 music concerts, performances, and arts events, open to the general public. 2) rental of performance space to local artists for a nominal fee, 3) development of residency programs for emerging chicago artists and curators
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest Viewing | $601K | $481K | +18% | 990 PDF |
| FY2024 | $508K | $572K | -19% | 990 PDF |
| FY2023 | $627K | $488K | +33% | 990 PDF |
| FY2022 | $471K | $413K | +47% | 990 PDF |
| FY2021 | $321K | $262K | +66% | 990 PDF |
| FY2020 | $193K | $246K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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