American Academy of Art Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

332 South Michigan Avenue
Chicago, Illinois 60604

American Academy of Art Inc. (EIN: 46-3291995), also known as American Academy of Art College Inc., has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2024 IRS Form 990 filing, American Academy of Art Inc., a 501(c)(3) charitable organization, reported compensation for 1 out of 40 total employees. Among the employees shown here, the average compensation is $73,846. The highest compensated employee at American Academy of Art Inc. is Ione Gamrat with fiscal year 2024 compensation of $73,846.

Revenue, expenses, and employee compensation

Revenue

$1,351,659

Expenses

$1,980,432

Employee compensation

$1,449,453

Reported Compensated Employees

Ione Gamrat

Vice President

$73,846

$73,846 No related compNo other comp

Non-Employee Board Members

Charles Schroeder Jr

Chair

$600

$600 No related compNo other comp

Tom Kube

Board Member

$600

$600 No related compNo other comp

Richard Otto

President

$600

$600 No related compNo other comp

Cynthia Reynolds

Board Member

$600

$600 No related compNo other comp

Dr Patricia Widmayer

Board Member

$600

$600 No related compNo other comp

Mission Statement

TO OPERATE A SCHOOL OF COMMERCIAL ART AND FINE ARTS IN CHICAGO, ILLINOIS.

Revisions to this organization profile

November 17, 2025:

2024 American Academy of Art Inc. 990 filed

November 15, 2024:

2023 American Academy of Art Inc. 990 filed

November 14, 2023:

2022 American Academy of Art Inc. 990 filed

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