2017-02-07T15:55:03-06:00 2016-08-31 362152389 BANSLEY AND KIENER LLP 8745 W HIGGINS RD STE 200 CHICAGO IL 606312704 990 2015-09-01 362374224 MUSIC INSTITUTE OF CHICAGO MUSI 8479051500 1702 SHERMAN AVENUE EVANSTON IL 60201 DR MARK GEORGE PRESIDENT 8479051500 2017-01-20 1 ROBERT J HANNIGAN P00421015 3122632700 2017-01-20 2015 2021-01-29 14:40:06Z X DR MARK GEORGE 1702 SHERMAN AVENUE EVANSTON IL 60201 6065443 0 X WWW.MUSICINST.ORG X 1931 IL MUSIC EDUCATION, CLINICAL SERVICES/CREATIVE ARTS THERAPY, CULTURAL PROGRAMMING FOR THE PUBLIC. 31 30 259 350 0 0 1864559 1276026 4706879 4279522 126981 107654 196232 231897 6894651 5895099 0 0 0 0 4762255 4376715 0 0 268157 2088119 2195959 6850374 6572674 44277 -677575 10811046 10238206 1097316 1090124 9713730 9148082 X TO PROVIDE THE FOUNDATION FOR A LIFE-LONG ENGAGEMENT WITH MUSIC BY: PROVIDING THE HIGHEST QUALITY MUSIC EDUCATION FOR ALL AGES AND ABILITIES; REACHING SELECTED INDIVIDUALS WITH MUSIC EDUCATION WHERE SUCH OPPORTUNITIES ARE LIMITED; STRENGHTENING THE EMPHASIS ON LIFELONG LEARNING; PLAYING A LEADERSHIP ROLE IN EMPHASIZING THE IMPORTANCE OF MUSIC EDUCATION IN CHICAGO; AND BUILDING UPON THE TRADITION OF DEVELOPING EXCEPTIONAL PERFORMERS AND ENGAGED AUDIENCES. THROUGH PRIVATELY-FUNDED PROGRAM INITIATIVES SPONSORED BY MIC IN THE INNER CITY, MORE THAN 6,875 CHICAGO PUBLIC SCHOOL (CPS) CHILDREN AND TEACHERS BENEFIT THROUGH FREE CURRICULUM DEVELOPMENT, PRIVATE AND GROUP MUSIC LESSONS AND CLINICAL SERVICE IN CREATIVE ARTS THERAPY. ELEVEN OF THE THIRTEEN CPS MIC SERVICE RECIPIENTS QUALIFY UNDER FEDERAL GUIDELINES FOR TITLE I. MIC IS ONE OF ONLY FEW INDEPENDENT, NON-PROFITS NATIONWIDE TO OFFER SUCH SERVICES. 0 0 4684585 4303738 MUSIC EDUCATION - MIC OFFERS A BROAD ARRAY OF LEARNING OPPORTUNTIES: FROM EARLY CHILDHOOD CLASSES BEGINNING AT FOUR MONTHS TO NEW HORIZONS BAND AND COMMUNITY ORCHESTRA FOR SENIORS; PRIVATE AND GROUP LESSONS IN PIANO, VOICE, STRINGS, WINDS, BRASS, AND PERCUSSION; CHAMBER MUSIC; MUSICIANSHIP; ORCHESTRAL AND CHORAL ENSEMBLES; AND SUMMER INSTITUTES INCLUDING THE CHICAGO SUZUKI INSTITUTE, SUMMER MUSICAL THEATER CAMPS, AN ADULT PIANO CAMP, AND THE THE CHICAGO DUO-PIANO FESTIVAL. STUDENTS RECEIVE NUMEROUS OPPORTUNITIES TO PARTICIPATE IN RECITALS AND CONCERTS. MIC ALSO FEATURES CLASSES, ENSEMBLES, AND DAYTIME EVENTS AIMED AT ADULTS.OVER 500 MIC STUDENTS RECEIVED MORE THAN $500,000 IN DIRECT SUPPORT THROUGH SCHOLARSHIPS, FINANCIAL AID, AND DISCOUNTS DURING FY 2011. OVER 75% OF THE MIC'S STUDENTS ARE CHILDREN GRADES K-12. 4684585 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 83 0 1 259 1 0 0 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X PAUL S WATFORD 8479051500 1702 SHERMAN AVE EVANSTON IL 60201 GEORGE MARK PRESIDENT & CEO 40.00 X X 181707 0 11768 GOLUB ELLIOTT TRUSTEE 1.00 X 0 0 0 HEROY DAVID TRUSTEE 1.00 X 0 0 0 JOHNSTONMARLOU TRUSTEE 1.00 X 0 0 0 MABIE KAY TRUSTEE 1.00 X 0 0 0 NICHOLS ALEXANDRA CHAIR, EMERITA 1.00 X X 0 0 0 NOYES SUSAN TRUSTEE 1.00 X 0 0 0 BARTTER MARILYN TRUSTEE 1.00 X 0 0 0 PUTH BETSY TRUSTEE 1.00 X 0 0 0 SCHMITT BARBARA TRUSTEE 1.00 X 0 0 0 TOPAZ WILLIAM TRUSTEE 1.00 X 0 0 0 RICHMAN PRISCILLA F TRUSTEE 1.00 X 0 0 0 GRAHAM WILLIAM S TRUSTEE 1.00 X 0 0 0 STEPHANS LINDA TRUSTEE 1.00 X 0 0 0 MORSE JEFFEREY J TREASURER,TRUSTEE 1.00 X X 0 0 0 STODDART LEE ANNE CHAIR, TRUSTEE 1.00 X X 0 0 0 IRWIN BARBARA JANE CHAIR, TRUSTEE 1.00 X X 0 0 0 BARTON PINE RACHEL TRUSTEE 1.00 X 0 0 0 VERSCHOOR SCOTT SECRETARY, TRUSTEE 1.00 X X 0 0 0 BIRD CHRISTOPHER G TRUSTEE 1.00 X 0 0 0 DUBIN HOWARD TRUSTEE 1.00 X 0 0 0 CARDENAS CARLOS TRUSTEE 1.00 X 0 0 0 GAHLON THOMAS TRUSTEE 1.00 X 0 0 0 BERWANGER JOHN J TRUSTEE 1.00 X 0 0 0 BOWEN GILBERT W TRUSTEE 1.00 X 0 0 0 FREIDHEIM MITZI TRUSTEE 1.00 X 0 0 0 SPENCER GARVIN SUZANNE TRUSTEE 1.00 X 0 0 0 GOODALL JR JOHN C TRUSTEE 1.00 X 0 0 0 MORGAN BROOKS M TRUSTEE 1.00 X 0 0 0 MORTON LORRAINE H TRUSTEE 1.00 X 0 0 0 PLOCHMAN JR CARL M TRUSTEE 1.00 X 0 0 0 ROHRER RICHARD VP FINANCE AND OPERATIONS 40.00 X 118329 0 6115 ABRAHAM EMILY VP ACADEMIC AFFAIRS 40.00 X 78753 0 16183 POLUTNIK SUE VP ADMINISTRATION 40.00 X 78948 0 8988 HORNER EDWARD EXEC VP DEVELOPMENT 40.00 X 188150 0 18513 645887 0 61567 3 1 1 0 BLUE CROSS BLUE SHIELD 300 EAST RANDOLPH ST CHICAGO IL 606015099 MEDICAL INSURANCE 438281 HILL MECHANICAL SERVICES 11045 GAGE AVENUE FRANKLIN PARK IL 60131 HVAC CONTRACTOR 208307 GALLERIA VENTURE LLP 4355 N RAVENSWOOD AVE CHICAGO IL 60613 RENT 142308 3 POINTS LLC 1100 JORIE BLVD STE 100 OAKBROOK IL 60477 COMPUTER SERVICES 108593 4 707821 625 567580 1276026 TUITION - NET 611600 4279522 4279522 4279522 120860 120860 221059 26584 194475 194475 194475 281 12925 -281 -12925 -13206 -13206 130554 707821 130554 0 PERFORMANCE TICKET REV 711190 28159 28159 MISCELLANEOUS INCOME 711190 9263 9263 37422 5895099 4303738 0 315335 3772509 2849901 683035 239573 17996 13803 3646 547 302222 190249 101409 10564 283988 204430 69162 10396 17975 17975 30160 30160 88435 88435 56677 24621 30570 1486 154698 17230 137468 664246 486011 178235 756 756 5174 5088 86 294867 294867 CSI PROGRAM EXPENSES 249892 249892 OTHER INSTITUTIONAL PRO 249400 249400 OTHER ADMINISTRATIVE EX 210877 210877 INSTRUCTIONAL EXPENSES 99093 99093 73709 68118 5591 6572674 4684585 1619932 268157 540024 205543 38399 75320 86511 23957 41382 40614 10319288 4043709 6335802 6275579 3408783 3257048 360145 360145 10811046 10238206 328985 370850 118538 84290 649793 634984 1097316 1090124 X 5437165 5130649 1193615 1112746 3082950 2904687 9713730 9148082 10811046 10238206 -677575 111927 0 X X 0 1 X 1 0 X 1185915 1021375 1974874 1864559 1276026 7322749 1185915 1021375 1974874 1864559 1276026 7322749 7322749 76167 115850 113528 128517 120860 554922 36160 53030 59480 26819 37422 212911 8090582 23244561 0.90510 0.92260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4276565 164517 202320 416719 4017433 4664779 173937 -108916 453235 4276565 4831932 39467 350415 557035 4664779 5120702 335175 31351 655296 4831932 5127044 538628 384102 929072 5120702 0.72300 0.27700 0 0 1580000 1580000 4785555 1506378 3279177 1611430 768518 842912 2342303 1768813 573490 6275579 MERRILL LYNCH INVESTMENTS 3257048 F 3257048 PREPAID TUITION 634984 634984 6177090 111927 170064 281991 5895099 0 5895099 6742738 170064 170064 6572674 0 6572674 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL SPACE EXPENSE 26,585. ANNUAL GALA EXPENSE 130,554. LOSS ON DISPOSITION OF ASSETS 12,925. PART XII, LINE 2D - OTHER ADJUSTMENTS: ANNUAL GALA EVENT EXPENSES 130,554. RENTAL SPACE EXPENSES 26,585. LOSS ON DISPOSITION OF ASSETS 12,925. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STUDENT SOLICITATION OCCURS MAINLY THROUGH THE WEBSITE WHERE THE POLICY IS CLEARLY DISCLOSED. X X X X X X 0 ANNUAL BENEFIT 838375 707821 130554 58037 72517 838375 707821 130554 58037 72517 130554 0 PAUL WATFORD 1702 SHERMAN AVE EVANSTON IL 60201 X 0 1 X X X X 0 0 0 0 0 0 0 0 0 GEORGE MARK PRESIDENT & CEO 181707 0 0 0 0 0 0 0 11768 0 193475 0 0 0 HORNER EDWARD EXEC VP DEVELOPMENT 188150 0 0 0 0 0 0 0 18513 0 206663 0 0 0 SCHEDULE J #1B SUPPPLEMENTAL INFORMATION: #1(B). THE POLICY IS NOT WRITTEN. FORM 990, PART VI, SECTION B, LINE 11 A RESPONSIBLE INDIVIDUAL (OR GROUP) WITHIN THE ORGANIZATION IS DELEGATED TO REVIEW THE FORM 990 AND REPORT IN THE MINUTES OF A BOARD MEETING THAT THE FORM 990 HAS BEEN REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REQUIRES THAT EVERY BOARD MEMBER, OFFICER, AND KEY EMPLOYEE REPORT BUSINESS AND FAMILY RELATIONSHIPS TO THE INSTITUTE BY COMPLETING AN ANNUAL DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE COMPOSED OF INDEPENDENT MEMBERS OF THE MIC'S BOARD OF TRUSTEES IS RESPONSIBLE FOR HIRING THE CHIEF EXECUTIVE OFFICER AND FOR ANNUALLY REVIEWING AND APPROVING HIS/HER PERFORMANCE AND COMPENSATION AND THE COMPENSATION OF OTHER KEY MEMBERS OF MANAGEMENT. DATA FROM OTHER SIMILAR ORGANIZATIONS ACROSS THE COUNTRY ALONG WITH AVAILABLE INFORMATION ABOUT COMPARABLE POSITIONS IN THE CHICAGO AREA, COSTS OF LIVING, ETC. ARE USED IN COMPENSATION DETERMINATIONS. CONTEMPORANEOUS MINUTES OF THE MEETINGS OF THE COMMITTEE ARE MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FROM THE OFFICE IN EITHER HARD COPY OR IN ELECTRONIC FORMAT. ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990 PART XII, LINE 2C: THE INSTITUTE HAS A FINANCE COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE IN THIS PROCESS.