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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Arts, Culture & Humanities Old Town School of Folk Music

Old Town School of Folk Music

Fiscal year ending 2024. Filed on August 29, 2025.

4544 North Lincoln Avenue
Chicago, Illinois 60625

Old Town School of Folk Music (EIN: 36-2373635) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Old Town School of Folk Music, a 501(c)(3) charitable organization, reported compensation for 6 out of 391 total employees. Among the employees shown here, the average compensation is $191,547. The highest compensated employee at Old Town School of Folk Music is James Newcomb with fiscal year 2024 compensation of $309,787.

Revenue, expenses, and employee compensation

Revenue

$13,967,599

Expenses

$15,045,290

Employee compensation

$9,382,270
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Newcomb
CEO (Thru 9/2024)
$309,787
$252,580 No related comp$57,207
Mary Jane Drews
Director of Institutional ADVA
$271,328
$252,981 No related comp$18,347
Troy Anderson
Director of ED (Thru 10/2024), CEO
$182,608
$182,194 No related comp$414
Troy Hansbrough
SR Director of Programming
$154,679
$135,110 No related comp$19,569
Gail Prete
Chief Financial Officer
$128,722
$118,512 No related comp$10,210
Welz Kauffman
CEO (10/2024-11/2024)
$102,157
$101,020 No related comp$1,137

Benchmark Employee Compensation

Non-Employee Board Members

Anne Phillips
Director
Bryan Proctor
Director (Thru 6/2024)
Candice Rosevear
Director
David Lentz
Director
Douglas P Regan
Director (Thru 6/2024)
Elizabeth Betsy M Solaro
Director (Thru 6/2024)
Eric Nordness
Director
Ernest Dawkins
Director
Geraldine Keefe
Director
Jeff Judge
Director
Kate Tomford
Chair
Kenneth Kaufman
Treasurer

Mission Statement

THE OLD TOWN SCHOOL OF FOLK MUSIC TEACHES AND CELEBRATES MUSIC AND CULTURAL EXPRESSIONS ROOTED IN THE TRADITIONS OF DIVERSE AMERICAN AND GLOBAL COMMUNITIES.

Revisions to this organization profile

August 29, 2025:
2024 Old Town School of Folk Music 990 filed
July 18, 2024:
2023 Old Town School of Folk Music 990 filed
September 26, 2023:
2022 Old Town School of Folk Music 990 filed

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