2023-09-26T12:17:04-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 362373635 OLD TOWN SCHOOL OF FOLK MUSIC OLDT 7737286000 4544 NORTH LINCOLN AVENUE CHICAGO IL 60625 KATE TOMFORD CHAIRMAN OF BOARD 7737286000 2023-08-29 1 KATE TOMFORD 999009999 1 KIMBERLY A HAUMANN P00546491 3122071040 2023-08-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATE TOMFORD 4544 NORTH LINCOLN AVENUE CHICAGO IL 60625 15230451 0 X WWW.OLDTOWNSCHOOL.ORG X 1960 IL TEACHES AND CELEBRATES MUSIC AND CULTURAL EXPRESSIONS ROOTED IN THE TRADITIONS OF DIVERSE AMERICAN AND GLOBAL COMMUNITIES. 27 27 355 54 0 0 7211186 6370266 5896918 7391032 58174 131408 419651 487079 13585929 14379785 134701 142080 0 0 6621716 7287786 0 0 892076 3497974 4693738 10254391 12123604 3331538 2256181 26291664 26848548 3496589 2321746 22795075 24526802 X THE OLD TOWN SCHOOL OF FOLK MUSIC TEACHES AND CELEBRATES MUSIC AND CULTURAL EXPRESSIONS ROOTED IN THE TRADITIONS OF DIVERSE AMERICAN AND GLOBAL COMMUNITIES. 0 0 4959681 142080 4972182 ART INSTRUCTION: OLD TOWN SCHOOL OF FOLK MUSIC IS THE LARGEST COMMUNITY MUSIC SCHOOL IN THE US, THE LARGEST EMPLOYER OF TEACHING ARTISTS AND AN INTERNATIONAL MODEL FOR COMMUNITY MUSIC AND MOVEMENT. ALL OF OLD TOWN SCHOOL OF FOLK MUSIC'S ACCREDITED INSTRUMENTAL DANCE, MUSIC AND ANCILLARY PROGRAMS ARE DESIGNED TO STIMULATE CREATIVITY AND COMMUNAL ARTS PARTICIPATION AMONG PEOPLE OF ALL AGES. WHILE CLASSES CONTINUE (AND WILL CONTINUE) TO BE OFFERED ONLINE, THE MAJORITY OF STUDENTS ATTENDED IN PERSON CLASSES DURING 2022. REGISTRATION VOLUMES ARE BUILDING BACK TO PRE-PANDEMIC LEVELS FOR THE ADULT PROGRAMS; THE NUMBER OF STUDENT REGISTRATIONS FOR 2022 WERE 80% OF 2019 NUMBERS. THE CHILDREN'S PROGRAM CONTINUES TO BUILD BACK; STUDENT NUMBERS EARLY IN THE YEAR WERE 40% OF 2019 NUMBERS AND HAD INCREASED TO 56% BY THE END OF THE YEAR. THE NUMBER OF STUDENTS IN GROUP CLASSES AND WORKSHOPS WAS 20,473 AND IN PRIVATE LESSONS 5,128; COMPARED TO 2019 NUMBERS OF 29,795 AND 6,543, RESPECTIVELY. 2217758 1960589 CONCERTS: OLD TOWN SCHOOL OF FOLK MUSIC IS A PROLIFIC CONCERT VENUE. EVENTS INCLUDE ON-SITE AND OFF-SITE CONCERTS FEATURING BIG NAME ACTS AND EMERGING ARTISTS IN STATE-OF-THE-ART FACILITIES. THE POPULAR WORLD MUSIC WEDNESDAY SERIES SHOWCASES INTERNATIONAL ARTISTS CO-PRODUCED WITH DOZENS OF COMMUNITY PARTNERS.THE SCHOOL RETURNED TO A FULL SLATE OF CONCERT OFFERINGS IN 2022. A TOTAL OF 39,077 PEOPLE ATTENDED 159 EVENTS; THESE NUMBERS ARE APPROACHING PRE-PANDEMIC LEVELS. 1347370 159829 OUTREACH: OLD TOWN SCHOOL OF FOLK MUSIC SERVES THOUSANDS OF CHICAGO'S CHILDREN EACH YEAR, PROVIDING ARTS EDUCATION PROGRAMMING THROUGHOUT THE CITY. IN PERSON PROGRAMMING OCCURRED DURING THE ENTIRE YEAR. OLD TOWN SCHOOL ANNUALLY PROVIDES COMMUNITY-BASED ARTS EDUCATION FOR THOUSANDS OF CHILDREN THROUGH ARTIST RESIDENCIES IN CPS SCHOOLS, CENTER-BASED EARLY CHILDHOOD MUSIC PROGRAMMING IN NORTH LAWNDALE, AND ROBUST FIELD TRIP AND FINANCIAL AID PROGRAMS. OUR MUSIC MOVES/HEALING JUSTICE INITIATIVE CONNECTS NON-ARTS COMMUNITY PARTNERS LOCATED IN CHICAGO'S SOUTH SIDE AND WEST SIDE NEIGHBORHOODS WITH HIGH-QUALITY ARTS PROGRAMMING THAT BUILD ARTS CAPACITY, SKILL ACQUISITION IN MUSIC PERFORMANCE AND EQUITY THOUGH PERFORMANCE AND DISCOURSE RELATED TO LIBERATORY FUTURES, PERSONAL GROWTH, CURIOSITY, AND IMAGINATION. 697881 897050 OLD TOWN SCHOOL OF FOLK MUSIC'S CAMPUS INCLUDES A RETAIL MUSIC STORE WHICH PROVIDES INSTRUMENTS FOR PURCHASE OR RENTAL TO OUR STUDENTS. THE RETAIL STORE WAS OPEN FOR IN PERSON SHOPPING THE ENTIRE YEAR, AND ALSO SERVED CUSTOMERS THROUGH OUR WEBSITE AND A THIRD-PARTY ONLINE WEBSITE, REVERB. AN IN-HOUSE CAFE OPERATES DURING CONCERTS, SERVING DRINKS AND SNACKS. 697881 897050 9222690 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 296 0 1 355 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X GAIL PRETE 7737513331 4544 N LINCOLN AVENUE CHICAGO IL 60625 KATE TOMFORD CHAIRMAN 4.00 0.00 X X 0 0 0 ROBERT D OSPALIK VICE CHAIRMAN 2.00 0.00 X X 0 0 0 MICHAEL WARNER SECRETARY 2.00 0.00 X X 0 0 0 KENNETH KAUFMAN TREASURER 2.00 0.00 X X 0 0 0 CLARICE ASSAD DIRECTOR 1.00 0.00 X 0 0 0 MARY BETH BERKOFF DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE BOONE DIRECTOR 1.00 0.00 X 0 0 0 ERNEST DAWKINS DIRECTOR 1.00 0.00 X 0 0 0 LOUISE FRANK DIRECTOR 1.00 0.00 X 0 0 0 TIM HUNTER DIRECTOR 1.00 0.00 X 0 0 0 JEFF JUDGE DIRECTOR 1.00 0.00 X 0 0 0 GERALDINE KEEFE DIRECTOR 1.00 0.00 X 0 0 0 MARTINA KELLER DIRECTOR 1.00 0.00 X 0 0 0 SUSAN KESSELL DIRECTOR 1.00 0.00 X 0 0 0 KISH KHEMANI DIRECTOR 1.00 0.00 X 0 0 0 RANA KOMAR DIRECTOR 1.00 0.00 X 0 0 0 DAVID LENTZ DIRECTOR 1.00 0.00 X 0 0 0 KIM MORAN DIRECTOR 1.00 0.00 X 0 0 0 ERIC NORDNESS DIRECTOR 1.00 0.00 X 0 0 0 OLIVER PRINCE DIRECTOR 1.00 0.00 X 0 0 0 BRIAN PROCTOR DIRECTOR 1.00 0.00 X 0 0 0 MIKE PRUSSIAN DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS P REGAN DIRECTOR 1.00 0.00 X 0 0 0 CANDICE ROSEVEAR DIRECTOR 1.00 0.00 X 0 0 0 ALISON RUBLE DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH BETSY M SOLARO DIRECTOR 1.00 0.00 X 0 0 0 ELI W TULLIS JR DIRECTOR 1.00 0.00 X 0 0 0 JAMES NEWCOMB CEO 40.00 0.00 X 219708 0 13607 GAIL PRETE CFO 40.00 0.00 X 93519 0 5750 MARY JANE DREWS DIR. OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 200304 0 9702 TROY HANSBROUGH SR DIRECTOR OF PROGRAMMING 40.00 0.00 X 121765 0 13586 GAIL TYLER SR DIRECTOR OF BUSINESS ADMIN 40.00 0.00 X 125599 0 8659 760895 0 51304 4 0 1 0 0 533738 846139 3322038 1668351 53695 6370266 TUITION 611600 4972182 4972182 CONCERT ADMISSION/SALES 711300 1960589 1960589 REFERRALS 900099 192783 192783 COMMUNITY PROGRAMS/OUTREACH 900099 159829 159829 MEDIA PRODUCT REVENUE 900099 47927 47927 57722 57722 7391032 129624 129624 1784 0 1784 1784 1784 52200 846139 163739 -111539 -111539 1285545 686927 598618 598618 14379785 7989650 0 19869 X 142080 142080 542590 268687 273903 5757312 4843586 502804 410922 470306 364536 75800 29970 517578 420853 52724 44001 68764 23777 44987 97352 33662 63690 1628777 1621204 7573 546294 544461 1833 234623 86118 132131 16374 73747 68421 1742 3584 196775 182483 4841 9451 165774 165574 200 616947 459087 133809 24051 43122 39990 1061 2071 CONCERT PRODUCTION 318326 318326 BANKING AND CREDIT CARD 297218 259260 20240 17718 BUILDING AND EQUIPMENT 87303 76188 7742 3373 MEMBERSHIP MAINTENANCE 49696 49696 269020 117545 146346 5129 12123604 9222690 2008838 892076 7459946 3891818 531780 2577280 253197 336775 200434 190890 24608593 9822783 15291257 14785810 2555050 5065975 26291664 26848548 469645 498920 1539109 1822826 1484762 0 3073 0 3496589 2321746 X 20402884 22281931 2392191 2244871 22795075 24526802 26291664 26848548 2256181 -524454 0 X 0 1 X 1 0 X 2694869 2611555 3446524 7211186 6370266 22334400 2694869 2611555 3446524 7211186 6370266 22334400 1166249 21168151 28511 35612 58165 58174 129624 310086 22644486 43589753 0.93480 0.93880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2901392 85000 -423663 2562729 1405337 1349302 146753 2901392 1063819 324990 16528 1405337 1032606 29275 1938 1063819 355841 676765 1390 1390 1032606 0.42350 0.57650 0.00000 0 0 2002581 2002581 19262151 7428756 11833395 2001715 1371111 630604 1339146 1022916 316230 3000 3000 14785810 14705997 -524454 850666 326212 14379785 0 14379785 12974270 850666 850666 12123604 0 12123604 PART III, LINE 1A: THE ORGANIZATION'S MUSEUM COLLECTION INCLUDES ANTIQUE AND PERIOD FOLK INSTRUMENTS, TEXTBOOKS, AND MUSIC BOOKS. IN CONFORMITY WITH THE PRACTICE COMMONLY FOLLOWED BY MOST AMERICAN ART MUSEUMS, THE VALUE OF THE COLLECTION IS NOT INCLUDED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: ONE MARTIN GUITAR FORMERLY OWNED BY JOHN LENNON AND PLAYED IN HIS FINAL PUBLIC PERFORMANCE, ONE MARTIN GUITAR FORMERLY OWNED BY BIG BILL BROONZY, AND MORE THAN 20,000 RECORDINGS, VIDEOS, BOOKS, VINTAGE POSTERS, MUSICAL ARTIFACTS AND PERIODICALS. THEY FURTHER THE ORGANIZATION'S EXEMPT PURPOSE BY PROVIDING A TOOL TO EDUCATE AND INFORM PATRONS ABOUT MUSIC AND CULTURE. PART V, LINE 4: FINANCIAL AID TO OLD TOWN SCHOOL STUDENTS PART XI, LINE 2D - OTHER ADJUSTMENTS: SALE OF INVENTORY - COST OF GOODS SOLD 686,927. SPECIAL EVENTS 163,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: SALE OF INVENTORY - COST OF GOODS SOLD 686,927. SPECIAL EVENTS 163,739. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OLD TOWN SCHOOL'S NONDISCRIMINATION POLICY IS ON ITS WEBSITE, IN APPLICATION, AND ON STUDENT MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED TOTAL GRANTS OF APPROXIMATELY $3,343,037 FROM VARIOUS GOVERNMENTAL AGENCIES TO HELP FUND SPECIAL PROGRAMS AND GENERAL OPERATIONS. 1 FINANCIAL AID 297 142080 BOOK (CALCULATED AS TUITION LESS DISCOUNT) DISCOUNTED TUITION BASED ON DEMONSTRATED NEED PART I, LINE 2: AWARDS ARE SOLELY FINANCIAL AID FOR CLASSES AND PRIVATE LESSONS OFFERED INTERNALLY AND ARE IN THE FORM OF DISCOUNTS TO TUITION (NOT CASH). X X 0 0 0 0 0 0 0 0 0 JAMES NEWCOMB CEO 219708 0 0 0 0 0 0 0 13607 0 233315 0 0 0 MARY JANE DREWS DIR. OF INSTITUTIONAL ADVANCEMENT 200304 0 0 0 0 0 0 0 9702 0 210006 0 0 0 X TICKETS 1377 53695 FACE VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS COLUMN REPRESENTS THE NUMBER OF SEPARATE CONTRIBUTIONS RECIEVED DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. EACH MEMBER OF THE BOARD OF DIRECTORS IS PROVIDED A FULL COPY OF THE COMPLETED FORM 990 PRIOR TO FILING. THE FINANCE AND AUDIT COMMITTEE OF THE BOARD REVIEWS THE COMPLETED FORM 990 AND RECOMMENDS THAT THE FULL BOARD APPROVE THE FILING OF FORM 990 AS PREPARED. FORM 990 IS FILED ONLY AFTER BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD. THOSE PERSONS WITH CONFLICTS OF INTEREST ARE NOT ALLOWED TO PARTICIPATE IN DECISIONS ABOUT MATTERS TO WHICH THE CONFLICT IS DIRECTLY OR INDIRECTLY RELEVANT. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S EXECUTIVE COMMITTEE, COMPOSED ENTIRELY OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS, IS RESPONSIBLE FOR ESTABLISHING COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR SUBMITS AN ANNUAL SELF-APPRAISAL TO THE BOARD CHAIR, WHO SHARES IT WITH THE EXECUTIVE COMMITTEE TO DISCUSS SETTING SUCCESSIVE YEAR'S COMPENSATION. IF AN ANNUAL INCREASE IN EXCESS OF INFLATION OR COST OF LIVING IS CONSIDERED, COMPARABLE DATA FROM OTHER NONPROFITS OF APPROXIMATELY THE SAME SIZE IS USED AS GUIDEPOSTS. THE FINAL DETERMINATION IS DOCUMENTED IN AN EMAIL THAT THE BOARD CHAIR SENDS TO THE HUMAN RESOURCE DIRECTOR. COMPENSATION FOR THE DIRECTOR OF INSTITUTIONAL ADVANCEMENT IS DETERMINED BY THE EXECUTIVE DIRECTOR, FOLLOWING A STANDARD ANNUAL PERFORMANCE REVIEW. IF AN ANNUAL INCREASE IN EXCESS OF INFLATION OR COST OF LIVING IS CONSIDERED DUE TO EXEMPLARY PERFORMANCE AND/OR TO BRING THE SALARY MORE IN LINE WITH COMPARABLE POSITIONS AT AREA NONPROFITS, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS ASKED TO REVIEW AND APPROVE THE EXECUTIVE DIRECTOR'S RECOMMENDATION. THE EXECUTIVE DIRECTOR THEN DOCUMENTS THE FINAL COMPENSATION DETERMINATION IN A MEMO, WHICH IS FORWARDED TO THE HUMAN RESOURCE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART IX, LINE 11G CONCERT PERFORMER FEES: PROGRAM SERVICE EXPENSES 1,241,904. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,241,904. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 201,313. MANAGEMENT AND GENERAL EXPENSES 7,573. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,886. ARTIST REFERRALS: PROGRAM SERVICE EXPENSES 177,987. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,987.