Illinois Philharmonic Orchestra FY2025 filing

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Illinois Philharmonic Orchestra's mission as a professional orchestra is to utilize the universal expression of music to create profound, inspiring, and personal connections between the people and communities of Chicagos Southland.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$93K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $187K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $4.8M in investments, Pt X · Ln 11–13
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $148K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$117K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+30% vs prior year
Spent
$1.1M
To programs
69%
Net assets
$4.9M
By yearFY2021–FY2026
Revenue
$1.2M
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.4M
FY2023$1.2M
FY2024$931K
FY2025$1.2M
FY2026$1.2M
Expenses
$1.1M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$624K
FY2022$954K
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M
FY2026$1.1M
Net assets
$4.9M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.5M
FY2022$4.5M
FY2023$4.3M
FY2024$4.5M
FY2025$4.9M
FY2026$5.4M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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You’re viewing the FY2025 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $729K Management & general 22% · $236K Fundraising 9% · $95K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$92,837Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christina Salerno’s $93K as Executive Dir. is at the 28th percentile of top reported officer pay among 3924 $1–10M 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 · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Christina Salerno$93,012$92,837$88,863$87,695$84,625$82,500

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.

See Illinois Philharmonic Orchestra executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents symphonic concerts, supports music education, and promotes musical excellence for Chicago communities.

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2 programs · $729K · in their own filed words · FY2024
01

Concerts

The Organization traditionally performs six Saturday matinee and evening classical concerts and a Holiday Pops matinee concert in December, along with two youth education concerts in April for approximately 2,000 Southland students.

$608Kprogram expense
02

Education and Engagement

The Organization maintains a strong commitment to education. Through a wide variety of engaging programs designed to meet the needs of students, teachers, and community members of all ages, the Organization strives to build a stronger community and impart its passion of music an the arts to others.

$122Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$148K
See all 3 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$776K
Fees for servicesLn 2g$250K
Investment incomeLn 3$219K
Money outPt IX
$1.1M
Ln 25
Programscol B$729K
Managementcol C$236K
Fundraisingcol D$95K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$5.0M
LiabilitiesLn 26$117K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$776K
Government grantsLn 1e$55K
Noncash giftsLn 1g$30K
Fundraising eventsLn 1c$169K
Fees for servicesLn 2g$250K
Investment incomeLn 3$219K
Gains on assetsLn 7$88K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
Accounts receivableLn 4$10K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$5K
InvestmentsLn 11–13$4.8M
Total assetsLn 16$5.0M
LiabilitiesLn 26$117K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 5186
VolunteersI 6100
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$30K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$46K
Share of the $3.2M endowmentSch D 1g1.5%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$3.2M$3.0M$2.8M$3.0M$3.4M
SpentLn 1d–1f$197K$164K$161K$165K$212K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$229K$219K
InvestmentsLn 11–13$4.4M$4.8M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$4.6M$5.0M
LiabilitiesLn 26$99K$117K
Net assetsLn 32$4.5M$4.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$93K$37K$42K$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$543K$433K$53K$57K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$28K$24K$4K
Payroll taxesLn 10$42K$22K$18K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$46K$46K
Other fees for servicesLn 11g$37K$5K$21K$11K
Advertising and promotionLn 12$15K$15K$286$72
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$40K$35K$5K
TravelLn 17$37K$37K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$17K$3K$13K
Other expenses (24a–d)Ln 24$107K$99K$7K$1K
All other expensesLn 24e$54K$19K$23K$11K
Total functional expensesLn 25$1.1M$729K$236K$95K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 LatestFiled with the IRS Aug 10, 2026 $1.2M$1.1M$50K$5.4M 990 PDF
FY2025 ViewingFiled with the IRS Aug 4, 2025 $1.2M$1.1M$149K$4.9M 990 PDF
FY2024Filed with the IRS Aug 2, 2024 $931K$1.1M−$191K$4.5M 990 PDF
FY2023Filed with the IRS Aug 23, 2023 $1.2M$1.1M$135K$4.3M 990 PDF
FY2022Filed with the IRS Sep 12, 2022 $1.4M$954K$467K$4.5M 990 PDF
FY2021Filed with the IRS Oct 15, 2021 $1.1M$624K$512K$4.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,209,523 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $594,235$776,049
I-9 Program service revenuePrior year $241,835$250,091
I-10 Investment incomePrior year $130,754$218,806
I-11 Other revenuePrior year −$35,391−$35,423
I-12 Total revenuePrior year $931,433$1,209,523
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $747,831$706,090
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $375,057$354,590
I-18 Total expensesPrior year $1,122,888$1,060,680
I-19 Revenue less expensesPrior year −$191,455$148,843
Part VI · Governance 28 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,209,523 across 13 lines filed
VIII-1c Fundraising events$168,799
VIII-1e Government grants$55,420
VIII-1f All other contributions, gifts and grants$551,830
VIII-1g Noncash contributions (included above)$30,313
VIII-1h Total contributions, gifts and grants$776,049
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250,091$250,091
VIII-3 Investment incomeExcluded from tax $130,526$130,526
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $88,280$88,280
VIII-8 Net income from fundraising events−$46,315
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,892$10,892
VIII-12 Total revenueRelated to mission $349,263 · Excluded from tax $130,526$1,209,523
Part IX · Statement of functional expenses $1,060,680 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $37,135 · Management $41,777 · Fundraising $13,925$92,837
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $432,812 · Management $53,440 · Fundraising $56,638$542,890
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $24,204 · Management $4,244$28,448
IX-10 Payroll taxesPrograms $22,479 · Management $18,413 · Fundraising $1,023$41,915
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $46,370$46,370
IX-11g Other fees for servicesPrograms $4,913 · Management $21,076 · Fundraising $10,692$36,681
IX-12 Advertising and promotionPrograms $14,840 · Management $286 · Fundraising $72$15,198
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $35,047 · Management $5,292$40,339
IX-17 TravelPrograms $36,841$36,841
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,622$1,622
IX-23 InsurancePrograms $3,374 · Management $13,497$16,871
IX-24 Other expenses (24a–d)Programs $99,059 · Management $6,739 · Fundraising $1,268$107,066
IX-24e All other expensesPrograms $18,691 · Management $23,435 · Fundraising $11,476$53,602
IX-25 Total functional expensesPrograms $729,395 · Management $236,191 · Fundraising $95,094$1,060,680
Part X · Balance sheet $5,032,435 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $228,586$218,803
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $9,650$9,763
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,951$10,113
X-10c Land, buildings and equipment, netStart of year $6,794$5,172
X-11 Publicly traded securitiesStart of year $3,675,380$3,967,016
X-12 Other securitiesStart of year $710,291$821,568
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $4,636,652$5,032,435
X-17 Accounts payable and accrued expensesStart of year $11,381$10,338
X-19 Deferred revenueStart of year $87,712$106,899
X-26 Total liabilitiesStart of year $99,093$117,237
X-27 Net assets without donor restrictionsStart of year $1,300,950$1,525,976
X-28 Net assets with donor restrictionsStart of year $3,236,609$3,389,222
X-32 Total net assets or fund balancesStart of year $4,537,559$4,915,198
X-33 Total liabilities and net assetsStart of year $4,636,652$5,032,435
Part XI · Reconciliation of net assets $4,915,198 net assets at year end
XI-1 Total revenue$1,209,523
XI-2 Total expenses$1,060,680
XI-3 Revenue less expenses$148,843
XI-4 Net assets at start of year$4,537,559
XI-5 Net unrealized gains (losses) on investments$228,796
XI-10 Net assets at end of year$4,915,198

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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