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Merit School of Music

Public charity
DBA: % MERI
Other · CHICAGO, IL · EIN 36-3028768

About

Merit School of Music is dedicated to helping young people transform their lives by removing barriers to high-quality music education, with the majority of students benefitting from need-based financial aid, scholarship support, or low-cost instrument rental. Merit enables motivated students, regardless of economic circumstance, to develop their talent and to use music as a springboard for achieving their full personal potential, with 100% of Merit graduates going on to college. The community music school's programming continuum consists of five major areas: Early Childhood, Instrumental & Vocal Music Program(Group classes), Private Lessons, Merit Music in Communities, and the Alice S. Pfaelzer Conservatory.

In care of MERI

Donations are tax-deductible
Category
Other
Employees
203
Volunteers
55

Financial Snapshot

FY ending 2024-08-31
Revenue
$16.0M
Expenses
$9.2M
Assets
$43.0M
Liabilities
$1.4M

Financial history

$16.0M$8.0M$0
161718192021222324
RevenueExpenses
Latest FY2024: $16.0M · Avg: $9.5M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$48K
MERIT SCHOOL OF MUSIC
Your actions

Address

38 S Peoria ST
Chicago, IL, 60607-262

Governance

Voting board members30
Independent members30
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %71.0%
Permanent endowment %29.0%
Endowment held by related orgNo
Public records
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