Classical Music Chicago EIN 36-3311684

Classical Music Chicago

EIN  36-3311684 Public charity (501(c)(3)) Chicago, IL
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Size
$100K–1M
What they do
Offers free classical music performances and education to enrich lives in Chicago.
Leadership
Mark Riggleman · Executive Dir. · $98K
Money in and out
$607K revenue, $615K expenses
Bottom line
64% program efficiency

Offers free classical music performances and education to enrich lives in Chicago. For fiscal year 2025 it reported $607K in revenue, $615K in expenses, and $3.0M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$607K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.10 Fundraising $0.25
Program efficiency
64%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
54.1mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▲ +97% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$607K
FY2025▲ +36%
Expenses
$615K
FY2025▼ -4%
Total assets
$3.0M
FY2025▲ +7%
Total liabilities
$9K
FY2025▼ -39%
Total revenue
$607K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$3.0M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2024.
01

Presenting world-class musicians and dynamic repertoire, Engaging listeners with interactive or short programs in easy-access locations, and Providing admission-free programming.

$394Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClassical Music Chicago
EINHdr · item D36-3311684
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.classicalmusicchicago.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68Z)
Ruling yearIRS BMFFeb 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$98,359Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mark Riggleman’s $98K as Executive Dir. is at the 87th percentile of top reported officer pay among 2213 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mark Riggleman$98,359$97,168$95,874$95,082$103,020

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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Statement of Revenue

Part VIII
Contributions & grants$527K · 87%
Investment income$68K · 11%
Other revenue$12K · 2%
Contributions & grants87%$527K
Investment income11%$68K
Other revenue2%$12K
— government grantsLn 1e$42K
Total revenueLn 12$607K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.10 Fundraising $0.25
Program services64%$394K
Management & general10%$64K
Fundraising25%$156K
Total functional expensesLn 25$615K

Balance Sheet

Part X · end of year
CashLn 1$859K
Total assetsLn 16$3.0M
Total liabilitiesLn 26$9K
Total net assetsLn 32$3.0M
Months of cash on handcomputed16.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $615K
54.1 months
Where the money goes
Program services
Program services $394K · Total expenses $615K
64%
Management & General
Management & general $64K · Total expenses $615K
10%
Fundraising
Fundraising $156K · Total expenses $615K
25%
Cost to raise $1
Fundraising expense (3-yr avg) $148K · Solicited contributions (3-yr avg) $443K
$0.33 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $527K · Total revenue $607K
87%
Government reliance
Government grants $42K · Total revenue $607K
7%
Earned-income share
Program service revenue $0 · Total revenue $607K
0%
Investment reliance
Investment income $68K · Total revenue $607K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $615K
0%
Growth & trend
Revenue growth (YoY)
This year $607K · Prior year $446K
+36%
Revenue CAGR
FY2020 $734K · FY2024 $607K
-5%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $607K · Expenses $615K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0M
Net-asset ratio
Net assets $3.0M · Total assets $3.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.0M
64%
People & payroll
Highest Reported Total Compensation
Individual Mark Riggleman · Reported title Executive Dir. · Highest reported compensation $98K · Total expenses $615K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $352K · Total expenses $615K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 10%
Fundraising cost ratio 30%
Revenue growth 36%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$607K revenue · viewing · ⤓ 990 PDF
FY2024$446K revenue · ⤓ 990 PDF
FY2023$803K revenue · ⤓ 990 PDF
FY2022$763K revenue · ⤓ 990 PDF
FY2021$734K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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