Maywood Fine Arts Association

EIN: 363822848 501(c)(3)

Maywood, IL

Total Revenue
$2,419,980
Total Expenses
$1,482,396
Total Assets
$4,995,272
Net Assets
$4,956,294
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
Nancy Payne
Phone
7088650301
Tax Period
2024-08-01 to 2025-07-31

Maywood Fine Arts Association, founded in 1996, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $938K, a strong 39% operating margin.

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 Service Accomplishments

Program 1
Expenses: $1,117,874 Revenue: $456,406

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...

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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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,936,350
Program Service Revenue $456,406
Investment Income $9,725
Other Revenue $17,499
TOTAL REVENUE $2,419,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $956,838
Fundraising Expenses $166,210
Program Expenses $1,117,874
Other Expenses $525,558
TOTAL EXPENSES $1,482,396

Year-over-Year Comparison

2024 2023 Change
Revenue $2,419,980 $2,050,797 +0.2%
Expenses $1,482,396 $1,396,824 +0.1%
Net Income $937,584 $653,973 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
68
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$90,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lois Baumann Executive Dir. 40.00
Officer
$90,000 $0 $90,000
Nancy Payne President 5.00
Officer Director
$0 $0 $0
Kevin McGhee Vice President 5.00
Officer Director
$0 $0 $0
Catherine Chavez Treasurer 5.00
Officer Director
$0 $0 $0
Myra Price Secretary 5.00
Officer Director
$0 $0 $0
Karen Daily Director 5.00
Director
$0 $0 $0
Heidi Vance Director 5.00
Director
$0 $0 $0
Mary Kay Martire Director 5.00
Director
$0 $0 $0
Katine Neal-Turner Director 5.00
Director
$0 $0 $0
Barb Hickey Director 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,419,980 $1,482,396 $4,995,272 $937,584
2024 $2,050,797 $1,396,824 $4,475,262 $653,973
2023 $1,175,420 $1,222,965 $3,452,535 $-47,545
2022 $1,414,903 $1,093,092 $3,515,801 $321,811
2021 $1,063,142 $975,106 $3,309,878 $88,036
2020 $919,060 $960,518 $3,226,249 $-41,458
2019 $1,273,893 $951,892 $3,162,613 $322,001
2018 $1,165,813 $901,636 $2,841,129 $264,177
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