Maywood Fine Arts Association

Nonprofit profile at a glance

EIN
363822848
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Maywood, IL, USA
Phone
7088650301
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,419,980
Expenses
$1,482,396
Assets
$4,995,272
Liabilities
$38,978

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Nancy Payne (President)
  • Kevin McGhee (Vice President)

Highest reported compensation

  • Lois Baumann (Executive Dir.): $90,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.4%; rating input score 46
  • Program expense ratio: 75.4%; rating input score 75
  • Fundraising efficiency: $11.65 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.7%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 3.37; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 46.4% of revenue deployed · 75.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $90K · 10 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.