MUSIC AND DANCE THEATER CHICAGO INC

EIN: 363930153 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$8,923,315
Total Expenses
$10,230,407
Total Assets
$57,314,004
Net Assets
$35,600,815
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IL
Principal Officer
LORI DIMUN
Phone
3123347777
Tax Period
2024-07-01 to 2025-06-30

MUSIC AND DANCE THEATER CHICAGO INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $10.2M exceeded revenue, resulting in a 15% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $4,128,076 Revenue: $712,102

Resident Program: Supporting Chicago Artists - Founded specifically to serve Chicagos vibrant community of small to midsize performing arts organizations and support culturally relevant programming...

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Resident Program: Supporting Chicago Artists - Founded specifically to serve Chicagos vibrant community of small to midsize performing arts organizations and support culturally relevant programming in Chicago, HT has served as a home for over 55 local arts and humanities organizations. The current 30 Resident Companies perform in a wide variety of genres and cultural traditions and represent the wide diversity of arts and culture organizations in Chicago. We subsidize all rental costs for our Resident Companies by more than 55%, provide dedicated production, marketing, and box office support from our expert staff, and offer free professional development and training opportunities. Our work supports these small to midsize companies and ensures their longevity in an ever-shifting arts ecosystem. In the 2024-25 Season, Resident Companies presented 42 performances on the Harris Theater stage for 39,673 audience members.

Program 2
Expenses: $2,951,009 Revenue: $1,183,146

Harris Theather Presents: Presenting Diverse Voices - In addition to the support we offer to our Resident Companies, our own Harris Theater Presents (HTP) series brings the highest caliber artists...

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Harris Theather Presents: Presenting Diverse Voices - In addition to the support we offer to our Resident Companies, our own Harris Theater Presents (HTP) series brings the highest caliber artists from every corner of the world to Chicago to tell stories of human experiences from a multitude of perspectives. Representing over 32 countries across six continents, HTP brings ambitious international projects, new commissions, and co-productions to the HT stage, the rooftop, and the iconic Pritzker Pavilion. The 2024-25 Harris Theater Presents Season showcased leading artists and ensembles in music and dance, continuing Chicagos reputation as an international hub for cultural exchange through the arts. The Harris Theater produced 27 HTP performances during the 2024-25 Season. Highlights included the GRAMMY Award-winning Silkroad Ensemble with their newest production, American Railroad, Twyla Tharp Dances Diamond Jubilee celebrating Twyla Tharps 60 years as a world-renowned choreographer, and the U.S. premiere of Volcano Productions Scott Joplins Treemonisha - A Musical Reimagining, a reworked, fully-staged version of Scott Joplins only opera.

Program 3
Expenses: $1,378,328 Revenue: $49,298

Community Engagement Programs: Generating Lasting Community Impact - Woven through each aspect of the Theaters work are Community Engagement programs that ensure our multicultural programming reaches...

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Community Engagement Programs: Generating Lasting Community Impact - Woven through each aspect of the Theaters work are Community Engagement programs that ensure our multicultural programming reaches as many Chicago community members as possible. Our Mix at Six and Family Series break down barriers for patrons to experience the arts in an inclusive environment for all ages and abilities, and our Education Residency Initiative brings the world-renowned artists from our Harris Theater Presents series into Chicago classrooms to provide high school students with hands-on experiences that transform them from audience members to pre-professional artists. We also partner with local community organizations to make programming accessible to patrons of all income levels through the Access Tickets program. Above all, our commitment to DEIA principles permeates our vision to make the Harris Theater truly inclusive and accessible to our community. In addition to the accessible Mix at Six and Family Series, during the 2024-25 Season the Harris Theater distributed 1,650 free Access Tickets to Community Partner organizations and provided arts education and mentorship to 406 students and community members, engaging 52 visiting artists to share their knowledge and experience with these young artists across 21 free Community Engagement events, including a music masterclass with Silkroad Ensemble members Mike Block and Balla Kouyat at Whitney M. Young Magnet High School, a poetry workshop with Marc Bamuthi Joseph at Boys and Girls Club of Chicago, and a dance Masterclass at Chicago High School for the Arts with Ragamala Dance Company founders.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,755,841
Program Service Revenue $1,944,546
Investment Income $1,564,642
Other Revenue $658,286
TOTAL REVENUE $8,923,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,916,155
Fundraising Expenses $1,045,998
Program Expenses $8,457,413
Other Expenses $6,314,252
TOTAL EXPENSES $10,230,407

Year-over-Year Comparison

2024 2023 Change
Revenue $8,923,315 $7,764,516 +0.1%
Expenses $10,230,407 $11,747,888 -0.1%
Net Income $-1,307,092 $-3,983,372 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
33
Employees
217
Volunteers
274

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
8
$729,962
Total Directors
34
$306,410
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lorraine J Dimun President & CEO 40.00
Officer Director
$279,281 $27,129 $306,410
Peter M Ellis Chairman 10.00
Officer Director
$0 $0 $0
Claire O'Grady Vice Chair 5.00
Officer Director
$0 $0 $0
Nancy Santi Vice Chair 5.00
Officer Director
$0 $0 $0
Sara Albrecht Treasurer 5.00
Officer Director
$0 $0 $0
Sunitha Thomas Secretary 5.00
Officer Director
$0 $0 $0
Sandra P Guthman Past Chairman 1.00
Director
$0 $0 $0
Caryn Harris Past Vice Chairman 1.00
Director
$0 $0 $0
Joan W Harris Past Chairman 1.00
Director
$0 $0 $0
Alexandra C Nichols Past Chairman 1.00
Director
$0 $0 $0
Abby McCormick ONeil Past Chairman 1.00
Director
$0 $0 $0
Merrillyn J Kosier Past Chairman 1.00
Director
$0 $0 $0
David Snyder Past Chairman 1.00
Director
$0 $0 $0
Alaina Anderson Trustee 1.00
Director
$0 $0 $0
Kathryn Kovitz Arnold Trustee 1.00
Director
$0 $0 $0
Bernard Bartilad Trustee 1.00
Director
$0 $0 $0
Kori Coleman Trustee 1.00
Director
$0 $0 $0
Michelle Durpetti Trustee 1.00
Director
$0 $0 $0
Louise Frank Trustee 1.00
Director
$0 $0 $0
Ted Grady Trustee 1.00
Director
$0 $0 $0
Terell Johnson Trustee 1.00
Director
$0 $0 $0
Sherry Jursa Trustee 1.00
Director
$0 $0 $0
Christine N Evans Kelly Trustee 1.00
Director
$0 $0 $0
Franco La Marca Trustee 1.00
Director
$0 $0 $0
DAndrae Larry Trustee 1.00
Director
$0 $0 $0
Michael McStraw Trustee 1.00
Director
$0 $0 $0
Sarah Solotaroff Mirkin Trustee 1.00
Director
$0 $0 $0
Gregory J OLeary Trustee 1.00
Director
$0 $0 $0
Scott Rafferty Trustee 1.00
Director
$0 $0 $0
Jai Shekhawat Trustee 1.00
Director
$0 $0 $0
John Q Smith Trustee 1.00
Director
$0 $0 $0
Marilyn Fatt Vitale Trustee 1.00
Director
$0 $0 $0
Maria Zec Trustee 1.00
Director
$0 $0 $0
Robert J Gauch Trustee 1.00
Director
$0 $0 $0
Laura E Hanssel CFO/Assistant Treasurer 40.00
Officer
$212,604 $24,966 $237,570
Susan Roe Lape VP of Development/Assistant Secretary 40.00
Officer
$165,431 $20,551 $185,982
Anthony J Montuori IATSE Steward 40.00
Highest
$120,123 $45,647 $165,770
Emily F Macaluso VP of Operations/General Manager 40.00
Highest
$138,918 $15,735 $154,653
Kari Shaffer VP of Marketing and Sales 40.00
Highest
$139,071 $13,051 $152,122
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 $8,923,315 $10,230,407 $57,314,004 $-1,307,092
2024 $7,764,516 $11,747,888 $56,972,649 $-3,983,372
2023 $8,658,949 $9,940,134 $59,353,930 $-1,281,185
2022 $8,251,636 $8,951,620 $59,585,451 $-699,984
2021 $3,647,637 $5,869,191 $64,627,652 $-2,221,554
2020 $7,320,566 $9,029,845 $61,473,850 $-1,709,279
2019 $7,022,117 $10,456,605 $63,190,588 $-3,434,488
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