Education : Youth Education Programs and Services

Merit School of Music

Making music . . .building lives

four stars

90.98

Joy Faith Knapp Music Center 38 South Peoria Street
Chicago, IL 60607
tel: (312) 786-9428   Web Site
EIN: 36-3028768

Board Leadership
Charles K. Huebner
Board Chair

CEO
Charles Grode
President & Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 90.98 four stars
  Financial 87.90 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Merit is dedicated to helping young people transform their lives by providing equal access to a high-quality music education, with nearly 70 percent of students benefitting from need-based financial aid and 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 virtually 100 percent of our conservatory graduates going on to college.

Merit is dedicated to helping young people transform their lives by providing equal access to a high-quality music education, with nearly 70 percent of students benefitting from need-based financial aid and 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 virtually 100 percent of our conservatory graduates going on to college.

Impact Information

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This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

87.90

Accountability & Transparency

four stars

96.00

This rating was published 11/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
79.2%
  Administrative Expenses 12.7%
  Fundraising Expenses 7.9%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 2.50
  Program Expenses Growth 1.1%
  Liabilities to Assets 3.6%
All data for Financial Performance Metrics calculations was provided by Merit School of Music on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Merit School of Music on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,686,394
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,021,188
   Related Organizations $0
   Government Grants $41,200
Total Contributions $2,748,782
   Program Service Revenue $2,815,284
Total Primary Revenue $5,564,066
   Other Revenue $1,119,493
TOTAL REVENUE $6,683,559
   
EXPENSES  
   Program Expenses $5,346,988
   Administrative Expenses $1,112,139
   Fundraising Expenses $521,099
TOTAL FUNCTIONAL EXPENSES $6,980,226
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-296,667
   
Net Assets $23,126,841

Charts

Compensation % of Expenses Paid to Title
$179,500 2.57% Charles Grode President and Executive Director

Mission

Merit is dedicated to helping young people transform their lives by providing equal access to a high-quality music education, with nearly 70 percent of students benefitting from need-based financial aid and 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 virtually 100 percent of our conservatory graduates going on to college.

Highly Rated

Charity Name & State Overall Score Overall Rating
Merit School of Music (IL) 90.98 four stars
The Harlem School of the Arts (NY) 86.73 three stars
The Ghetto Film School (NY) 90.17 four stars
Merola Opera Program (CA) 88.03 three stars
The Art Institute of Chicago (IL) 89.26 three stars

Compare These Charities (Highly Rated)

Charity Contact Info

Merit School of Music
Joy Faith Knapp Music Center
38 South Peoria Street
Chicago, IL 60607
tel: (312) 786-9428
EIN: 36-3028768

Visit Web Site

Board Leadership

Charles K. Huebner
Board Chair

CEO

Charles Grode
President & Executive Director