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Nonprofit · EIN 36-2374224

MUSIC INSTITUTE OF CHICAGO

Tax-exempt · EVANSTON, IL 60201

Financials

$6.7M$8.1M2022$7.1M$7.6M2023$10.3M$7.6M2024
Revenue Expenses · by fiscal year end
Financials of MUSIC INSTITUTE OF CHICAGO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$10,261,372$7,589,525$2,671,847$13,549,507$2,536,636$11,012,871
August 31, 2024990$7,055,939$7,606,946-$551,007$10,817,414$2,450,687$8,366,727
August 31, 2023990$6,681,836$8,058,706-$1,376,870$10,500,371$1,988,413$8,511,958
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$5,200,890
Program service revenue
$4,766,884
Investment income
$234,453
Net rental income
$169,367
Net gain from sales of assets
-$995
Net income from fundraising events
-$118,389
Other revenue
$59,145

Expenses

Grants and similar amounts paid
$459,639
Compensation of officers, directors and key employees
$847,069
Other salaries and wages
$3,553,812
Salaries, compensation and benefits (total)
$5,046,704
Professional fundraising fees
$0
Accounting fees
$49,296
Occupancy
$423,363
Depreciation
$288,884
Program services (functional)
$5,929,869
Management and general (functional)
$1,089,500
Fundraising (functional)
$570,156

Balance sheet and other

Total assets, start of year
$10,817,414
Total assets, end of year
$13,549,507
Total liabilities, end of year
$2,536,636
Net assets, end of year
$11,012,871
Land, buildings and equipment
$4,925,522
Net assets without donor restrictions
$3,990,394
Net assets with donor restrictions
$7,022,477
Gross receipts
$11,577,868
Employees
201
Volunteers
70
Year formed
1939
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended August 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DR MARK GEORGEPRESIDENT & CEO - THRU 1/31/2025
Officer
40$194,563$22,856
JENNIFER BIENEMANNVP & CDO
Officer
40$165,000$306
MARCIA RUBINVP & CFO
Officer
40$125,441$2,162
SUE POLUTNIKVP & COO
Officer
40$106,822$10,033
JENNIFER HANSONVP & CMO
Officer
40$97,551$14,990
EMILY ABRAHAMVP ACADEMIC AFFAIRS
Officer
40$90,414$16,932
ALEXANDRA C NICHOLSCHAIR EMERITA
Trustee or director, Officer
1$0$0
BARBARA SEREDASECRETARY
Trustee or director, Officer
1$0$0
LEE ANNE STODDARTVICE CHAIR
Trustee or director, Officer
1$0$0
SCOTT VERSCHOORCHAIR
Trustee or director, Officer
1$0$0
TIM PATENODETREASURER
Trustee or director, Officer
1$0$0
AUDRA WILSONDIRECTOR
Trustee or director
1$0$0
CARLOS CARDENASDIRECTOR
Trustee or director
1$0$0
COURTNEY HOLOHANDIRECTOR
Trustee or director
1$0$0
DANIEL HAHNDIRECTOR
Trustee or director
1$0$0
14 more people on this return
NameTitleHours / weekCompensation
DR YANA NEDVETSKYDIRECTOR
Trustee or director
1$0
FLORIAN ZETTELMEYERDIRECTOR
Trustee or director
1$0
HANS J GERMANNDIRECTOR
Trustee or director
1$0
JAMES STONEDIRECTOR
Trustee or director
1$0
KAY MABIEDIRECTOR
Trustee or director
1$0
PAUL BROURMANDIRECTOR
Trustee or director
1$0
RENEE PARQUETTEDIRECTOR
Trustee or director
1$0
ROSS UPDEGRAFFDIRECTOR
Trustee or director
1$0
SAURAB BHARGAVADIRECTOR
Trustee or director
1$0
SHIRAZ KOTTEDIRECTOR
Trustee or director
1$0
TAO ZHUDIRECTOR
Trustee or director
1$0
VAKRAM RAGHAVANDIRECTOR
Trustee or director
1$0
ZALMAN USISKINDIRECTOR
Trustee or director
1$0
SHALISA KLINE UGAZPRESIDENT & CEO - BEGIN 7/7/2025
Officer
40$0
990 for the year ended August 31, 2024: 26 people
NameTitleHours / weekCompensationOther / benefits
DR MARK GEORGEPRESIDENT & CEO
Officer
40$193,530$24,238
JENNIFER BIENEMANNVP & CDO
Officer
40$168,000$300
MARCIA RUBINVP & CFO
Officer
40$135,465$2,309
SUE POLUTNIKVP & COO
Officer
40$115,857$10,836
JENNIFER HANSONVP & CMO
Officer
40$107,576$15,007
EMILY ABRAHAMVP ACADEMIC AFFAIRS
Officer
40$96,958$18,073
SCOTT VERSCHOORCHAIR
Trustee or director, Officer
1$0$0
LEE ANNE STODDARTVICE CHAIR
Trustee or director, Officer
1$0$0
ALEXANDRA C NICHOLSCHAIR EMERITA
Trustee or director, Officer
1$0$0
BARBARA SEREDASECRETARY
Trustee or director, Officer
1$0$0
TIM PATENODETREASURER
Trustee or director, Officer
1$0$0
MR PAUL BROURMANDIRECTOR
Trustee or director
1$0$0
CARLOS CARDENASDIRECTOR
Trustee or director
1$0$0
HANS J GERMANNDIRECTOR
Trustee or director
1$0$0
DANIEL HAHNDIRECTOR
Trustee or director
1$0$0
COURTNEY HOLOHANDIRECTOR
Trustee or director
1$0$0
KAY MABIEDIRECTOR
Trustee or director
1$0$0
DR YANA NEDVETSKYDIRECTOR
Trustee or director
1$0$0
RENEE PARQUETTEDIRECTOR
Trustee or director
1$0$0
JAMES STONEDIRECTOR
Trustee or director
1$0$0
ROSS UPDEGRAFFDIRECTOR
Trustee or director
1$0$0
ZALMAN USISKINDIRECTOR
Trustee or director
1$0$0
AUDRA WILSONDIRECTOR
Trustee or director
1$0$0
DAVID ZAMPADIRECTOR
Trustee or director
1$0$0
FLORIAN ZETTELMEYERDIRECTOR
Trustee or director
1$0$0
MR TAO ZHUDIRECTOR
Trustee or director
1$0$0
990 for the year ended August 31, 2023: 26 people
NameTitleHours / weekCompensationOther / benefits
DR MARK GEORGEPRESIDENT & CEO
Officer
40$198,026$33,485
MARCIA RUBINVP & CFO
Officer
40$126,478$2,172
SUE POLUTNIKVP & COO
Officer
40$103,968$12,402
EMILY ABRAHAMVP ACADEMIC AFFAIRS
Officer
40$89,112$20,882
WILLIAM RODIVP & CMO - BEG 9/22 THRU 10/22
Officer
40$17,249$0
JENNIFER HANSONVP & CMO - BEG 11/22
Officer
40$16,195$0
JENNIFER BIENEMANNVP & CDO - BEG 12/22
Officer
40$6,250$0
SCOTT VERSCHOORCHAIR
Trustee or director, Officer
1$0$0
LEE ANNE STODDARTVICE CHAIR
Trustee or director, Officer
1$0$0
ALEXANDRA C NICHOLSCHAIR EMERITA
Trustee or director, Officer
1$0$0
BARBARA SEREDASECRETARY
Trustee or director, Officer
1$0$0
TIM PATENODETREASURER - BEG 7/23
Trustee or director, Officer
1$0$0
THOMAS LEDDYTREASURER - THRU 6/23
Trustee or director, Officer
1$0$0
CARLOS CARDENASDIRECTOR
Trustee or director
1$0$0
HANS J GERMANNDIRECTOR
Trustee or director
1$0$0
DANIEL HAHNDIRECTOR
Trustee or director
1$0$0
COURTNEY HOLOHANDIRECTOR
Trustee or director
1$0$0
KAY MABIEDIRECTOR
Trustee or director
1$0$0
DRYANA NEDVETSKYDIRECTOR
Trustee or director
1$0$0
RENEE PARQUETTEDIRECTOR
Trustee or director
1$0$0
JAMES STONEDIRECTOR
Trustee or director
1$0$0
ROSS UPDEGRAFFDIRECTOR
Trustee or director
1$0$0
ZALMAN USISKINDIRECTOR
Trustee or director
1$0$0
AUDRA WILSONDIRECTOR
Trustee or director
1$0$0
DAVID ZAMPADIRECTOR
Trustee or director
1$0$0
FLORIAN ZETTELMEYERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
622 DAVIS ST 4TH FLOOR, EVANSTON, IL 60201-4491
Principal officer (990 for 2024)
SHALISA KLINE UGAZ, 622 DAVIS ST 4TH FLOOR, EVANSTON, IL 60201
Signed the 990
SHALISA KLINE UGAZ, PRESIDENT AND CEO
Phone
(847) 905-1500
Return prepared by
Plante & Moran PLLC

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.

990 for the year ended August 31, 2025

Program accomplishments

  • 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.
    Expenses $5,929,869 · grants $459,639 · revenue $4,766,884

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
36-2374224
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1957
Accounting year ends
August
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,549,507
Income (IRS master file)
$11,577,868

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$10,261,372$7,589,525$13,549,507XML
990August 2024$7,055,939$7,606,946$10,817,414XML
990August 2023$6,681,836$8,058,706$10,500,371XML
990August 2022$8,335,240$7,217,576$11,160,030IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2374224).

Questions about MUSIC INSTITUTE OF CHICAGO

What is the EIN of MUSIC INSTITUTE OF CHICAGO?
The employer identification number (EIN) of MUSIC INSTITUTE OF CHICAGO is 36-2374224.
Is MUSIC INSTITUTE OF CHICAGO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
Are donations to MUSIC INSTITUTE OF CHICAGO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MUSIC INSTITUTE OF CHICAGO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MUSIC INSTITUTE OF CHICAGO due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MUSIC INSTITUTE OF CHICAGO last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of MUSIC INSTITUTE OF CHICAGO?
The 990 for the year ended August 31, 2025 names SHALISA KLINE UGAZ.
Who are the officers and directors of MUSIC INSTITUTE OF CHICAGO?
The 990 for the year ended August 31, 2025 lists 29 people; 6 received compensation from the organization, the highest $194,563 (DR MARK GEORGE, PRESIDENT & CEO - THRU 1/31/2025).
How much revenue does MUSIC INSTITUTE OF CHICAGO have?
On its 990 for the year ended August 31, 2025 it reported revenue of $10,261,372, expenses of $7,589,525 and total assets of $13,549,507 at year end.

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