Nonprofit · EIN 36-3822848
MAYWOOD FINE ARTS ASSOCIATION
Tax-exempt · MAYWOOD, IL 60153
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $2,419,980 | $1,482,396 | $937,584 | $4,995,272 | $38,978 | $4,956,294 |
| July 31, 2024 | 990 | $2,050,797 | $1,396,824 | $653,973 | $4,475,262 | $456,552 | $4,018,710 |
| July 31, 2023 | 990 | $1,175,420 | $1,222,965 | -$47,545 | $3,452,535 | $87,798 | $3,364,737 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $1,936,350
- of which government grants
- $702,888
- Program service revenue
- $456,406
- Investment income
- $9,725
- Other revenue
- $17,499
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,000
- Other salaries and wages
- $767,275
- Salaries, compensation and benefits (total)
- $956,838
- Professional fundraising fees
- $0
- Occupancy
- $59,237
- Travel
- $13,138
- Depreciation
- $93,811
- Program services (functional)
- $1,117,874
- Management and general (functional)
- $198,312
- Fundraising (functional)
- $166,210
Balance sheet and other
- Total assets, start of year
- $4,475,262
- Total assets, end of year
- $4,995,272
- Total liabilities, end of year
- $38,978
- Net assets, end of year
- $4,956,294
- Land, buildings and equipment
- $4,163,319
- Net assets without donor restrictions
- $4,673,689
- Net assets with donor restrictions
- $282,605
- Gross receipts
- $2,419,980
- Employees
- 68
- Volunteers
- 75
- Year formed
- 1996
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lois Baumann | Executive Dir. Officer | 40 | $90,000 |
| Nancy Payne | President Trustee or director, Officer | 5 | $0 |
| Kevin McGhee | Vice President Trustee or director, Officer | 5 | $0 |
| Catherine Chavez | Treasurer Trustee or director, Officer | 5 | $0 |
| Myra Price | Secretary Trustee or director, Officer | 5 | $0 |
| Karen Daily | Director Trustee or director | 5 | $0 |
| Heidi Vance | Director Trustee or director | 5 | $0 |
| Mary Kay Martire | Director Trustee or director | 5 | $0 |
| Katine Neal-Turner | Director Trustee or director | 5 | $0 |
| Barb Hickey | Director Trustee or director | 5 | $0 |
990 for the year ended July 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lois Baumann | Executive Dir. Officer | 40 | $76,846 |
| Nancy Payne | President Trustee or director, Officer | 5 | $0 |
| Kevin McGhee | Vice President Trustee or director, Officer | 5 | $0 |
| David C Martin | Treasurer Trustee or director, Officer | 5 | $0 |
| Myra Price | Secretary Trustee or director, Officer | 5 | $0 |
| Deb Abrahamson | Director Trustee or director | 5 | $0 |
| Catherine Chavez | Director Trustee or director | 5 | $0 |
| Dianne Engram | Director Trustee or director | 5 | $0 |
| Barb Hickey | Director Trustee or director | 5 | $0 |
990 for the year ended July 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lois Baumann | Executive Dir. Officer | 40 | $72,000 |
| Nancy Payne | President Trustee or director, Officer | 5 | $0 |
| Kevin McGhee | Vice President Trustee or director, Officer | 5 | $0 |
| David C Martin | Treasurer Trustee or director, Officer | 5 | $0 |
| Myra Price | Secretary Trustee or director, Officer | 5 | $0 |
| Deb Abrahamson | Director Trustee or director | 5 | $0 |
| Bonita Benn | Director Trustee or director | 5 | $0 |
| Catherine Chavez | Director Trustee or director | 5 | $0 |
| Dianne Engram | Director Trustee or director | 5 | $0 |
| Barb Hickey | Director Trustee or director | 5 | $0 |
| Laura Thompson | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 25 N 5TH AVE, MAYWOOD, IL 60153-1303
- Principal officer (990 for 2024)
- Nancy Payne, 25 N 5th Ave, Maywood, IL 60153
- Signed the 990
- Nancy Payne, President
- Phone
- (708) 865-0301
- Website
- www.maywoodfinearts.org
- Return prepared by
- IL NFP AUDIT AND TAX LLP
Mission
The mission of Maywood Fine Arts is to provide affordable quality arts and fitness education to enrich and transform the lives of children and their families in Maywood and surrounding communities.
Program accomplishments
- During FY2025, MFA served nearly 4,000 children: 803 non-duplicated students enrolled in MFAs grant-subsidized enrichment classes, and nearly 3,000 children who participated in outreach activities. MFAs programming ran from August 31, 2024 through July 12, 2025 providing 6,817 hours of instruction, with an average weekly enrollment of 970 and 100% of tuition costs being subsidized. More than half (61%) of MFA students served were from low-income or poverty level households, and in addition to the subsidized tuition, 45% of students received classes on full or partial scholarship. FY25 MFA Art & Fitness Classes: Dance: (256 students ) group classes in ballet, jazz, & tap, public performances in December & June Music: (240 students) individual voice, piano, drums, & guitar lessons. Music recitals in December & May; a piano competition in March Drama: (55 students) group acting classes focusing on scene and stage performance, 3 performances in May Visual Arts: (50 students) group classes covering various techniques & notable artists, a public exhibition in May Tumbling: (325 students): group tumbling classes with tumbling showcases in December & June Karate: (106 students): group karate classes with 3 opportunities to advance karate belt levels and an annual tournament in AprilIn March, MFA presented La Esmeralda, featuring 65 student dancers in the corps de ballet and 4 guest artists who served as inspiring role models. In addition to a public performance, a school show was attended by 1,000 local elementary school children, exposing them to the magic of ballet. MFA's partnership with local elementary School District 89, continued with MFA providing 300 preschool students, along with their parents, creative dance and tumbling workshops in April 2025. In addition, 24 teens and preteens participated in MFAs youth leadership program (GOTS) receiving training and compensation for serving as teaching assistants and providing support during MFA events.Expenses $1,117,874 · revenue $456,406
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 36-3822848
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,995,272
- Income (IRS master file)
- $2,419,980
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $2,419,980 | $1,482,396 | $4,995,272 | XML |
| 990 | July 2024 | $2,050,797 | $1,396,824 | $4,475,262 | XML |
| 990 | July 2023 | $1,175,420 | $1,222,965 | $3,452,535 | XML |
| 990 | July 2022 | $1,414,903 | $1,093,092 | $3,515,801 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 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 36-3822848).
Questions about MAYWOOD FINE ARTS ASSOCIATION
- What is the EIN of MAYWOOD FINE ARTS ASSOCIATION?
- The employer identification number (EIN) of MAYWOOD FINE ARTS ASSOCIATION is 36-3822848.
- Is MAYWOOD FINE ARTS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MAYWOOD FINE ARTS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAYWOOD FINE ARTS ASSOCIATION 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 MAYWOOD FINE ARTS ASSOCIATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAYWOOD FINE ARTS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of MAYWOOD FINE ARTS ASSOCIATION?
- The 990 for the year ended July 31, 2025 names Nancy Payne.
- Who are the officers and directors of MAYWOOD FINE ARTS ASSOCIATION?
- The 990 for the year ended July 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $90,000 (Lois Baumann, Executive Dir.).
- How much revenue does MAYWOOD FINE ARTS ASSOCIATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $2,419,980, expenses of $1,482,396 and total assets of $4,995,272 at year end.
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