2024-07-18T14:27:30-05:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 362373635 OLD TOWN SCHOOL OF FOLK MUSIC OLDT 7737286000 4544 NORTH LINCOLN AVENUE CHICAGO IL 60625 KATE TOMFORD CHAIRMAN OF BOARD 7737286000 2024-07-17 1 KATE TOMFORD 999009999 1 KIMBERLY A HAUMANN P00546491 3122071040 2024-07-17 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z KATE TOMFORD 4544 NORTH LINCOLN AVENUE CHICAGO IL 60625 20018788 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. 25 25 371 75 0 0 6370266 3313741 7391032 9516390 131408 494085 487079 704062 14379785 14028278 142080 179468 0 0 7287786 8333966 0 0 1004300 4693738 5516798 12123604 14030232 2256181 -1954 26848548 26984307 2321746 2138464 24526802 24845843 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 5451502 179468 5990994 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 VAST MAJORITY OF STUDENTS ATTENDED IN PERSON CLASSES DURING 2023.REGISTRATION VOLUMES ARE BUILDING BACK TO PRE-PANDEMIC LEVELS FOR THE ADULT PROGRAMS; THE NUMBER OF STUDENTS IN THE LAST FOUR MONTHS OF THE YEAR, WERE AT 90% OF 2019 STUDENT VOLUME. THE CHILDREN'S PROGRAM CONTINUES TO BUILD BACK; STUDENT NUMBERS WERE 65% OF PRE PANDEMIC LEVELS AT THE END OF THE YEAR.THE NUMBER OF STUDENTS IN GROUP CLASSES AND WORKSHOPS WAS 23,273 AND IN PRIVATE LESSONS 4,865; COMPARED TO 2019 NUMBERS OF 29,795 AND 6,543, RESPECTIVELY. 3020384 2811005 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 PRESENTED A FULL SLATE OF CONCERTS IN 2023 AND EXPERIENCED A BANNER YEAR; 49,784 PEOPLE ATTENDED 190 EVENTS. 1553705 238178 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. 794155 1296331 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. 794155 1296331 10819746 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 317 0 1 371 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 MARY BETH BERKOFF 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 ANNE PHILLIPS DIRECTOR (BEG. 7/2023) 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 LORI SEAMAN DIRECTOR (BEG. 11/2023) 1.00 0.00 X 0 0 0 ELIZABETH BETSY M SOLARO DIRECTOR 1.00 0.00 X 0 0 0 JAMES NEWCOMB CEO 40.00 0.00 X 251077 0 21833 GAIL PRETE CFO 40.00 0.00 X 111539 0 8405 MARY JANE DREWS DIR. OF INSTITUTIONAL ADVANCEMENT 40.00 0.00 X 234206 0 17394 TROY HANSBROUGH SR DIRECTOR OF PROGRAMMING 40.00 0.00 X 131963 0 18165 LAUREN SLIPKOWSKY SR DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 108020 0 9296 836805 0 75093 5 0 1 0 0 583906 794660 606877 1328298 103586 3313741 TUITION 611600 5990994 5990994 CONCERT ADMISSION/SALES 711300 2811005 2811005 COMMUNITY PROGRAMS/OUTREACH 900099 238178 238178 REFERRALS 900099 232915 232915 ALL OTHER 900099 113911 113911 129387 129387 9516390 449346 449346 4895580 65755 4833176 83420 62404 -17665 44739 44739 72540 794660 188596 -116056 -116056 1705436 885318 820118 820118 14028278 10336508 0 378029 X 179468 179468 644454 340003 304451 6522190 5579163 496176 446851 44729 34235 8062 2432 536105 410327 96634 29144 586488 482199 56264 48025 32756 6852 25904 81086 16961 64125 2170822 2123524 47298 617199 617047 152 313915 151432 140182 22301 57678 50618 2977 4083 227687 199875 11898 15914 172764 171738 1026 625422 429117 161693 34612 43303 38013 2263 3027 CONCERT PRODUCTION 380704 380704 BANKING AND CREDIT CARD 347728 298352 32074 17302 BUILDING AND EQUIPMENT 116831 100750 9600 6481 MEMBERSHIP MAINTENANCE 68749 68749 260154 166418 92960 776 14030232 10819746 2206186 1004300 3891818 5687146 2577280 936873 336775 362018 190890 127681 25488975 10382450 14785810 15106525 5065975 4710217 0 53847 26848548 26984307 498920 500808 1822826 1583199 0 54457 2321746 2138464 X 22281931 22281721 2244871 2564122 24526802 24845843 26848548 26984307 -1954 320995 0 X 0 1 X 1 0 X 2611555 3446524 7211186 6370266 3313741 22953272 2611555 3446524 7211186 6370266 3313741 22953272 126509 22826763 35612 58165 58174 129624 449346 730921 1158617 874144 1000093 1337745 1777976 6148575 29832768 38680237 0.76520 0.93480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2562730 36500 550142 3149372 2901393 85000 -423663 2562730 1405338 1349302 146753 2901393 1063820 324990 16528 1405338 1032607 29275 1938 1063820 0.44820 0.48070 0.07110 0 0 2002581 2002581 19262151 7909104 11353047 2614716 1410753 1203963 1609527 1062593 546934 15106525 LEASE LIABILITY - FINANCE 54457 54457 15423187 320995 1073914 1394909 14028278 0 14028278 15104146 1073914 1073914 14030232 0 14030232 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: THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE GENERAL OPERATIONS OF THE SCHOOL, INCLUDING FINANCIAL AID TO OLD TOWN SCHOOL STUDENTS AND FREE PROGRAMMING IN THE COMMUNITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SALE OF INVENTORY - COST OF GOODS SOLD 885,318. SPECIAL EVENTS 188,596. PART XII, LINE 2D - OTHER ADJUSTMENTS: SALE OF INVENTORY - COST OF GOODS SOLD 885,318. SPECIAL EVENTS 188,596. 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 EMPLOYMENT APPLICATIONS, AND ON STUDENT MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED TOTAL GRANTS OF APPROXIMATELY $600,000 FROM VARIOUS GOVERNMENTAL AGENCIES TO HELP FUND SPECIAL PROGRAMS AND GENERAL OPERATIONS. DINNER AND CONCERT 867200 794660 72540 188596 867200 794660 72540 188596 188596 -116056 1 FINANCIAL AID 348 179468 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 X 0 0 0 0 0 0 0 0 0 JAMES NEWCOMB CEO 251077 0 0 0 0 0 7419 0 14414 0 272910 0 0 0 MARY JANE DREWS DIR. OF INSTITUTIONAL ADVANCEMENT 234206 0 0 0 0 0 6751 0 10643 0 251600 0 0 0 TROY HANSBROUGH SR DIRECTOR OF PROGRAMMING 131963 0 0 0 0 0 3744 0 14421 0 150128 0 0 0 X TICKETS 1196 46788 FACE VALUE X MUSICAL INSTRUMENTS AND OTHER EQUIPMENT 145 43773 FMV X AUCTION ITEMS FOR GALA 10 11625 FMV X PIANO 1 1400 APPRAISAL 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 1,670,890. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,670,890. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 215,747. MANAGEMENT AND GENERAL EXPENSES 16,552. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 232,299. ARTIST REFERRALS: PROGRAM SERVICE EXPENSES 228,754. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228,754. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 8,133. MANAGEMENT AND GENERAL EXPENSES 30,746. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,879.