Illinois · Nonprofit
MUSIC INSTITUTE OF CHICAGO
MUSIC INSTITUTE OF CHICAGO (Illinois) receives grants from 81 organizations whose IRS filings report $7,151,181 to it, the largest being THE NEGAUNEE FOUNDATION ($2,220,000). 40 of them have funded it in more than one year.
- Revenue FY2024
- $7.1M
- Funders on record
- 81
- Grants received
- $7.2M
- Net assets
- $8.4M
What Music Institute of Chicago does
Mission
The Music Institute of Chicago ("music institute") leads people toward a lifelong engagement with music, by providing widely accessible resources for high quality music teaching, performing, and service activities.
As stated on its FY2024 Form 990.
Program
The music institute offers quality music instruction for nearly 2,000 students of all ages, instruments, and levels of experience, through private instruction -- traditional and suzuki method -- group classes, and ensembles, utilizing classical, jazz, and american roots music genres, including the academy program, an elite training center for pre-college musicians who have professional aspirations. Nichols concert hall is a premier performance venue which presents professional and non-professional concerts and offers ample recital opportunities for music institute students. The music institute also offers numerous service activities for faculty and students, bringing music and music education to communities who otherwise might not have access.
$5,929,869 spentof which $459,639 as grants$4,766,884 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $5,929,869.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $8.9M to $11M (+21%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 12% · 2022 25% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
31% of MUSIC INSTITUTE OF CHICAGO’s revenue is contributions — more earned-revenue than three-quarters of its peers (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Scott Verschoor
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 17 funders to 38 funders, grant income rose $208k → $1.4M.
13 of 81 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MUSIC INSTITUTE OF CHICAGO’s funders (the co-funder graph). Top 30 of 81 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MUSIC INSTITUTE OF CHICAGO leans on a few funders — its largest provides 31% of grant income and the top three 60%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 29% · 2018 23% · 2019 36% · 2020 16% · 2021 31% · 2022 30% · 2023 35% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of MUSIC INSTITUTE OF CHICAGO's funders are still giving 3 years after their first grant; 49% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
90% of MUSIC INSTITUTE OF CHICAGO's grant income comes from Illinois funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MUSIC INSTITUTE OF CHICAGO's funding base is broadening — from 17 funders to 38 as grant income climbed.
this organization peer median middle 50% of peers· 5,136 arts & culture nonprofits $1M–$10M, FY2024
Organizations like MUSIC INSTITUTE OF CHICAGO
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
71%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MUSIC INSTITUTE OF CHICAGO: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MUSIC INSTITUTE OF CHICAGO?
- MUSIC INSTITUTE OF CHICAGO (Illinois) receives grants from 81 organizations whose IRS filings report $7,151,181 to it, the largest being THE NEGAUNEE FOUNDATION ($2,220,000). 40 of them have funded it in more than one year.
- How many funders does MUSIC INSTITUTE OF CHICAGO have?
- IRS filings report 81 organizations giving $7,151,181 in grants to MUSIC INSTITUTE OF CHICAGO, 40 of which have funded it in more than one year.
- Who is the largest funder of MUSIC INSTITUTE OF CHICAGO?
- THE NEGAUNEE FOUNDATION is the largest funder on record, with $2,220,000 in grants. The full list of funders is on this page.
- How can an organization like MUSIC INSTITUTE OF CHICAGO find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Music Institute of Chicago →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 81 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing