Civic Intelligence

Association for the Advancement of Creative Musicians

EIN 36-2582864 • 501(c)3 • Chicago, IL

Profile

A collective of musicians & composers dedicated to nurturing performers & recording serious original music. A collective of dynamic & visionary artist maintaining the need to expose & showcase original compositions

PO Box 7529Chicago, IL 60680

www.aacmchicago.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

19th percentile

-30%

Higher net margin than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

36th percentile

-15%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

885%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$231,745

Down $41,029 (-15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$231,745

Down $41,029 (-15%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin19th percentile

Revenue

Up

$135,598

Up $121,833 (+885%) from 2023

Expenses

Up

$176,627

Up $125,954 (+249%) from 2023

Net Income

Down

-$41,029

Down $4,121 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $8,064Liabilities 2010: $0Net Assets 2010: $8,0642010Assets 2011: $7,486Liabilities 2011: $0Net Assets 2011: $7,4862011Assets 2012: $8,949Liabilities 2012: $0Net Assets 2012: $8,9492012Assets 2013: $6,825Liabilities 2013: $0Net Assets 2013: $6,8252013Assets 2014: $51,700Liabilities 2014: $0Net Assets 2014: $51,7002014Assets 2015: $36,581Liabilities 2015: $0Net Assets 2015: $36,5812015Assets 2016: $16,883Net Assets 2016: $16,8832016Assets 2017: $12,834Net Assets 2017: $12,8342017Assets 2018: $12,631Net Assets 2018: $12,6312018Assets 2019: $32,042Net Assets 2019: $32,0422019Assets 2020: $57,814Liabilities 2020: $0Net Assets 2020: $57,8142020Assets 2021: $163,471Liabilities 2021: $0Net Assets 2021: $163,4712021Assets 2022: $165,709Liabilities 2022: $0Net Assets 2022: $165,7092022Assets 2023: $272,774Liabilities 2023: $0Net Assets 2023: $272,7742023Assets 2024: $231,745Liabilities 2024: $0Net Assets 2024: $231,7452024

Highlighted filing

2024

Assets$231,745
Liabilities$0
Net Assets$231,745
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KExpenses 2010: $54,4082010Expenses 2011: $10,7582011Expenses 2012: $4,4792012Revenue 2013: $6,432Expenses 2013: $8,634Net Income 2013: -$2,2022013Revenue 2014: $46,759Expenses 2014: $11,273Net Income 2014: $35,4862014Revenue 2015: $31,386Expenses 2015: $75,630Net Income 2015: -$44,2442015Revenue 2016: $15,288Expenses 2016: $10,484Net Income 2016: $4,8042016Revenue 2017: $15,916Expenses 2017: $19,965Net Income 2017: -$4,0492017Revenue 2018: $27,080Expenses 2018: $27,283Net Income 2018: -$2032018Revenue 2019: $78,980Expenses 2019: $59,569Net Income 2019: $19,4112019Revenue 2020: $64,864Expenses 2020: $37,042Net Income 2020: $27,8222020Revenue 2021: $157,981Expenses 2021: $54,065Net Income 2021: $103,9162021Revenue 2022: $44,650Expenses 2022: $45,998Net Income 2022: -$1,3482022Revenue 2023: $13,765Expenses 2023: $50,673Net Income 2023: -$36,9082023Revenue 2024: $135,598Expenses 2024: $176,627Net Income 2024: -$41,0292024

Highlighted filing

2024

Revenue$135,598
Expenses$176,627
Net Income-$41,029
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$231,745
Liabilities
$0
Net assets
$231,745
Revenue
$135,598
Expenses
$176,627
Net income
-$41,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$1.36$1.77$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.14$0.51$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.45$0.46$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$1.58$0.54$1.04
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.65$0.37$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.32$0.79$0.60$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.27$0.27$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.16$0.20$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.17$0.15$0.10$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.31$0.76$0.44
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.47$0.11$0.35
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.06$0.09$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.00$0.08$0.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Dec 11, 2025
Return Version
2024v5.1
Gross Receipts
$135,598
Mission and Program Overview

Mission

Aacm is a collection of musicians and composers dedicated to nurturing, performing and recording serious, original music. The organization takes particular pride in developing new generations of talent by conducting a free music training program.

A collective of musicians & composers dedicated to nurturing performers & recording serious original music. A collective of dynamic & visionary artists maintaining the need to expose & showcase original compositions

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$270,341$202,212▼ $68,129
Rtn Earn Endowment Incm Other Fnds$0$129,056▲ $129,056
Cap Stk Tr Prin Current Funds$272,774$102,689▼ $170,085
Accounts Receivable$0$27,100▲ $27,100
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$272,774$231,745▼ $41,029
Other Assets Total$2,433$2,433→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$272,774$231,745▼ $41,029
Total Liabilities and Net Assets / Fund Balance$272,774$231,745▼ $41,029
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Renee BakerChair
Khari Malik-beyVice President
Jovia ArmstrongSecretary
Ugochi NwaogwugwuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,438
Program Service Revenue
$1,160
Investment Income
$0
Other Revenue
$0
All Other Contributions
$130,592
Change in Net Assets
$-41,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$118,006$0$118,006
Travel$19,127$0$0$19,127
Advertising$5,473$0$0$5,473
Office Expenses$0$5,176$0$5,176
Conferences and Meetings$4,337$0$0$4,337
All Other Expenses$0$4,289$0$4,289
Fees for Services Accounting$0$890$0$890
Insurance$0$633$0$633
Other Expenses$427$0$0$427
Interest$0$15$0$15
Total Functional Expenses$47,618$129,009$0$176,627
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

“Before submitting the annual Form 990 our organization follows a structured review process to ensure accuracy and compliance. After our finance team prepares the Form 990 with the assistance of our accountant a draft copy is provided to the Executive Director and the Board Treasurer for initial review. They check for completeness clarity and accuracy of the information provided including a review of all financial statements governance disclosures and programmatic accomplishments. Once any necessary edits are incorporated the draft is circulated to the full Board of Directors prior to filing. Board members are given an opportunity to ask questions or request clarifications about any aspect of the return. This board-level review ensures all members are aware of and have an opportunity to comment on the information being reported to the IRS and the public. Only after receiving board feedback and obtaining approval from the Board Treasurer and or the full board as required by our bylaws is the Form 990 finalized and filed with the IRS by the relevant deadline. Copies of the final return are kept on file and made available to the public in accordance with IRS disclosure regulations and our own transparency policies.”

Filing and Contact Details

Filer

Filer Name
Association for the Advancement of Creative Musicians
EIN
36-2582864
Phone
6302587554
Address
PO BOX 7529, CHICAGO, IL 60680

Signing Officer

Name
Renee Baker
Title
Chair
Phone
6302587554
Signed
2025-12-11

Organization Details

Principal Officer
Renee Baker
Formed
1965
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 600 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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