Ravinia Festival Association
76% goes to programs $7 to raise $100 Strong reserves Growing revenue
Ravinia Festival Association is a 501(c)(3) organization based in Highland Park, Illinois, registered in 1943, with $66,162,557 in FY2023 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
418 Sheridan Rd, Highland Park, IL, 60035 EIN 36-6002273 Since 1943
Revenue (FY2023)
$66.2M
▲ 23.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$51.2M
Net assets
$268.9M
Employees
879
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating76% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ravinia Festival Association: 76% to programs · $7 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating63 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ravinia Festival Association: 63 mo reserves · +23% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ravinia Festival Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ravinia Festival Association: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Present world-class artists in concert; provide educational, community & professional programs
What they do
The ravinia steans music institute (rsmi) is home to artistic development programs sought out internationally by young professional classical pianists and string players, classical singers, and jazz musicians devoted to honing and advancing their talents collaboratively. each summer 65 artists receive fully paid fellowships to engage in coachings and masterclasses with a faculty of leading artists and specialists, learn valuable skills necessary for successful artistic careers, and perform on ravinia's bennett gordon hall stage. rsmi presents about two dozen free or low-priced performances throughout the summer for ravinia audiences and in local venues. since its founding in 1988, rsmi has supported over 1,600 exceptional artists, many of whom have cultivated highly visible careers in performance, artistic leadership, and music education.
Ravinia's reach teach play (rtp) programs serve tens of thousands in chicago-area communities, opening doors for everyone to access and experience the positive impact of live music. several programs extend ravinia's reach into chicago and lake county public schools that otherwise have little to no music curriculum of their own, providing 20,000 students with live performances and integrative activities that spark a love of music and invite exploration of varied genres and styles, as well as programs that teach the foundations of music and encourage children to engage in music-making and express themselves creatively. ravinia gives students the opportunity to play musical instruments, develop their talents, and create pathways for continued success through a variety of programs, including a community family music school, el sistema - inspired orchestral programs that foster social development, and a mentorship program for high school jazz musicians. central to rtp's mission of access, ravinia provides free summer concert passes to thousands of community members through partnerships with over 150 social service agencies, as well as public libraries and community music and performing arts schools.
Contact & location
- Address
- 418 Sheridan Rd, Highland Park, IL, 60035
- City
- Highland Park
- State
- Illinois
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.7M (FY2013) to $66.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $6.2MNet assets $268.9M
Operating margin
22.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$275.1M
Total liabilities
$6.2M
Net assets
$268.9M
Salaries & benefits
$17.4M
34% of expenses
Board members
79
78 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $66,162,557▲23.8% | $51,187,622▲5.7% | $268,895,140▲18.2% | $275,124,452▲17.5% | 990 |
| 2022 | $53,451,666▲45.5% | $48,436,685▲7.7% | $227,585,678▲11.7% | $234,120,611▲12.3% | 990 |
| 2021 | $36,727,712▼15.1% | $44,991,852▲33.2% | $203,690,558▼9.7% | $208,419,459▼9.5% | 990 |
| 2020 | $43,242,885▲131% | $33,778,478▲72.1% | $225,641,093▲13.5% | $230,171,878▲12.4% | 990 |
| 2019 | $18,728,942▼60.1% | $19,623,598▼60.4% | $198,772,757▲4.3% | $204,851,847▲0.3% | 990 |
| 2018 | $46,893,017▲6.9% | $49,567,128▲17.2% | $190,617,662▼2.6% | $204,253,277▼2.0% | 990 |
| 2017 | $43,878,808▲2.1% | $42,285,734▼0.3% | $195,643,663▲4.7% | $208,513,845▲7.8% | 990 |
| 2016 | $42,962,319▲4.9% | $42,396,239▲2.4% | $186,833,768▲7.4% | $193,411,351▲6.3% | 990 |
| 2015 | $40,945,261▼15.6% | $41,405,212▲10.9% | $173,882,011▲4.4% | $182,007,462▲6.6% | 990 |
| 2014 | $48,526,554▲13.6% | $37,351,068▼2.6% | $166,574,186▲2.2% | $170,786,598▲2.0% | 990 |
| 2013 | $42,703,328 | $38,367,507▲4.5% | $162,991,328▲6.2% | $167,359,618▲5.7% | 990 |
| 2012 | — | $36,723,925▲21.8% | $153,411,596▲6.0% | $158,356,793▲6.1% | 990 |
| 2011 | — | $30,161,136▲2.9% | $144,787,332▲9.4% | $149,221,217▲8.4% | 990 |
| 2010 | — | $29,307,930▲1.7% | $132,383,136▲1.2% | $137,699,950▲1.3% | 990 |
| 2009 | — | $28,818,164 | $130,795,540 | $135,907,841 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jeffrey Haydon — $632,464 (1.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey Haydon | President & Ceo | 40 | $632,464 |
| Gregory Walters | Chief Development Officer | 40 | $288,351 |
| Peggy Papaioannou | Chief Financial Officer | 40 | $230,428 |
| Gina Ehrlich | Chief Information Officers | 40 | $220,000 |
| Russell Jenkins | Director of Data Analytics | 40 | $195,397 |
| Erik Soderstrom | Senior Artistic Producer | 40 | $194,055 |
| Christine Taylor | Executive Director of Education and Community Enga | 40 | $183,349 |
| Alvin Katz | Trustee | 0.5 | — |
| Andres Tapia | Trustee | 0.5 | — |
| Andrew Hopkins | Trustee | 0.5 | — |
| Andrew Reyes | Trustee | 0.5 | — |
| Andrew S Marovitz | Trustee | 0.5 | — |
| Annette G Dezelan | Trustee | 0.5 | — |
| Audrey L Weaver | Trustee | 0.5 | — |
| Avy H Stein | Trustee | 0.5 | — |
| Betsy Holden | Trustee | 0.5 | — |
| Bobbie B Denison | Trustee | 0.5 | — |
| Bradley Akason | Trustee | 0.5 | — |
| Bradley S Schmarak | Trustee | 0.5 | — |
| Bruce Ettelson | Trustee | 0.5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Chicago Symphony Orchestra | Musical | $2,888,916 |
| Wenger Corporation | Contractor | $1,165,000 |
| Lohan Architecture Pllc | Architect Services | $1,048,632 |
| Perkins Coie LLP | Legal | $915,668 |
| Levy Restaurants | Food Service | $825,002 |
Grants received · $11.7M total
157 grants to Ravinia Festival Association totaling $11.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Compare Ravinia Festival Association
Frequently asked questions
- Is Ravinia Festival Association a legitimate nonprofit?
- Yes. Ravinia Festival Association is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-6002273, based in Highland Park, Illinois. Donations are tax-deductible.
- What is Ravinia Festival Association's EIN?
- Ravinia Festival Association's Employer Identification Number (EIN) is 36-6002273.
- How much revenue does Ravinia Festival Association report?
- Ravinia Festival Association reported $66,162,557 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ravinia Festival Association's spending goes to programs?
- Ravinia Festival Association spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ravinia Festival Association have?
- CharityIndex grades Ravinia Festival Association A, based on program efficiency and fundraising cost.
- How much does Ravinia Festival Association's highest-paid employee make?
- The highest reported compensation on Ravinia Festival Association's latest Form 990 is $632,464, paid to Jeffrey Haydon (President & Ceo).
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Data for Ravinia Festival Association (EIN 36-6002273) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.