Civic Intelligence

Brooklyn Academy of Music Inc

EIN 11-2201344 • 501(c)3 • Brooklyn, NY

Profile

Bam's mission is to be the home for adventurous artists, audiences, and ideas.

Refreshing map…

30 Lafayette AvenueBrooklyn, NY 11217

www.bam.org

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.06x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.17x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$572,954

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

14th percentile

-3.1%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

1.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$146,398,752

Down $4,627,691 (-3.1%) from 2023

Liabilities

Down

$8,113,224

Down $4,278,030 (-35%) from 2023

Net Assets

Down

$138,285,528

Down $349,661 (-0.3%) from 2023

Revenue

Up

$47,096,598

Up $510,918 (+1.1%) from 2023

Expenses

Down

$40,824,840

Down $11,037,633 (-21%) from 2023

Net Income

Up

$6,271,758

Up $11,548,551 (+219%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $120,175,915Liabilities 2010: $4,898,797Net Assets 2010: $115,277,1182010Assets 2011: $145,067,214Liabilities 2011: $8,094,249Net Assets 2011: $136,972,9652011Assets 2012: $167,420,590Liabilities 2012: $9,529,896Net Assets 2012: $157,890,6942012Assets 2013: $183,402,007Liabilities 2013: $7,332,581Net Assets 2013: $176,069,4262013Assets 2014: $136,605,797Liabilities 2014: $5,852,855Net Assets 2014: $130,752,9422014Assets 2015: $137,978,041Liabilities 2015: $6,911,473Net Assets 2015: $131,066,5682015Assets 2016: $129,216,799Liabilities 2016: $10,045,061Net Assets 2016: $119,171,7382016Assets 2017: $130,308,588Liabilities 2017: $5,914,218Net Assets 2017: $124,394,3702017Assets 2018: $140,298,266Liabilities 2018: $7,626,776Net Assets 2018: $132,671,4902018Assets 2019: $156,317,779Liabilities 2019: $19,708,250Net Assets 2019: $136,609,5292019Assets 2020: $147,044,436Liabilities 2020: $8,501,693Net Assets 2020: $138,542,7432020Assets 2021: $168,013,887Liabilities 2021: $11,187,442Net Assets 2021: $156,826,4452021Assets 2022: $157,007,809Liabilities 2022: $11,509,466Net Assets 2022: $145,498,3432022Assets 2023: $151,026,443Liabilities 2023: $12,391,254Net Assets 2023: $138,635,1892023Assets 2024: $146,398,752Liabilities 2024: $8,113,224Net Assets 2024: $138,285,5282024

Highlighted filing

2024

Assets$146,398,752
Liabilities$8,113,224
Net Assets$138,285,528

Operations Trend

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

$150M$100M$50M$0-$50M-$100MExpenses 2010: $37,049,6262010Expenses 2011: $37,956,4152011Expenses 2012: $52,095,6552012Revenue 2013: $57,691,932Expenses 2013: $51,064,640Net Income 2013: $6,627,2922013Revenue 2014: $49,660,937Expenses 2014: $103,905,249Net Income 2014: -$54,244,3122014Revenue 2015: $58,799,450Expenses 2015: $58,998,430Net Income 2015: -$198,9802015Revenue 2016: $54,828,839Expenses 2016: $58,819,061Net Income 2016: -$3,990,2222016Revenue 2017: $52,560,580Expenses 2017: $51,562,831Net Income 2017: $997,7492017Revenue 2018: $56,142,477Expenses 2018: $51,818,113Net Income 2018: $4,324,3642018Revenue 2019: $53,359,633Expenses 2019: $50,635,862Net Income 2019: $2,723,7712019Revenue 2020: $52,051,422Expenses 2020: $41,663,722Net Income 2020: $10,387,7002020Revenue 2021: $29,572,079Expenses 2021: $25,446,359Net Income 2021: $4,125,7202021Revenue 2022: $47,039,995Expenses 2022: $44,875,996Net Income 2022: $2,163,9992022Revenue 2023: $46,585,680Expenses 2023: $51,862,473Net Income 2023: -$5,276,7932023Revenue 2024: $47,096,598Expenses 2024: $40,824,840Net Income 2024: $6,271,7582024

Highlighted filing

2024

Revenue$47,096,598
Expenses$40,824,840
Net Income$6,271,758

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$8.11$138$47.1$40.8$6.27
2023Detailed filing. Detailed filing data is available for this year.$151$12.4$139$46.6$51.9$5.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$11.5$145$47.0$44.9$2.16
2021Detailed filing. Detailed filing data is available for this year.$168$11.2$157$29.6$25.4$4.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$8.50$139$52.1$41.7$10.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$156$19.7$137$53.4$50.6$2.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$7.63$133$56.1$51.8$4.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$5.91$124$52.6$51.6$1.00
2016Detailed filing. Detailed filing data is available for this year.$129$10.0$119$54.8$58.8$3.99
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$138$6.91$131$58.8$59.0$0.20
2014Detailed filing. Detailed filing data is available for this year.$137$5.85$131$49.7$104$54.2
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$183$7.33$176$57.7$51.1$6.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$9.53$158$52.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$8.09$137$38.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$4.90$115$37.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$49,054,099
Mission and Program Overview

Mission

Bam's mission is to be the home for adventurous artists, audiences, and ideas.

Bam is the home for adventurous artists, audiences, and ideas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$47,682,584$47,550,421▼ $132,163
Pledges and Grants Receivable$8,674,155$6,479,245▼ $2,194,910
Cash and Non-Interest-Bearing Accounts$431,507$830,280▲ $398,773
Accounts Receivable$1,141,209$749,508▼ $391,701
Prepaid Expenses and Deferred Charges$598,988$380,823▼ $218,165
Savings and Temporary Cash Investments$245,907$125,650▼ $120,257
Inventories for Sale or Use$56,221$56,482▲ $261
Total Assets$151,026,443$146,398,752▼ $4,627,691
Other Assets Total$92,195,872$90,226,343▼ $1,969,529
Liabilities
Accounts Payable and Accrued Expenses$3,068,456$3,490,162▲ $421,706
Other Liabilities$2,383,266$2,140,176▼ $243,090
Mortgage Notes Payable Secured by Investment Property$6,758,766$1,884,145▼ $4,874,621
Deferred Revenue$180,766$598,741▲ $417,975
Total Liabilities$12,391,254$8,113,224▼ $4,278,030
Net Assets / Fund Balance
Net Assets With Donor Restrictions$97,800,369$97,707,180▼ $93,189
Net Assets Without Donor Restrictions$40,834,820$40,578,348▼ $256,472
Total Net Assets Fund Balance$138,635,189$138,285,528▼ $349,661
Total Liabilities and Net Assets / Fund Balance$151,026,443$146,398,752▼ $4,627,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$44,153,108$301,192$44,454,300
Leasehold Improvements$1,444,356$15,336,033$16,780,389
Equipment$792,961$4,946,635$5,739,596
Buildings$1,159,996$1,349,923$2,509,919
Other Assets Org$51,719--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$91,872,615$430▲ $11,184,337$4,636,572$85,264,049
2022$93,433,236$-292,974▲ $11,055,652-$91,872,615
2021$106,944,016$47,048▼ $8,653,727-$93,433,236
2020$92,780,429$21,467▲ $22,119,816-$106,944,016
2019$101,160,417$72,000▲ $1,450,320-$92,780,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gina DuncanPresidentFT$519,912$53,042$572,954
David BinderArtistic Director (outgoing)FT$379,761$66,688$446,449
Jennifer AngladeCFO & VP of FinanceFT$318,401$54,123$372,524
Mark JacksonGeneral Counsel & SecretaryPT$291,317$63,943$355,260
Courtney KillingsworthVP of Creative Social ImpactFT$257,361$71,731$329,092
Elizabeth N MoreauVice President and Senior ProducerFT$242,536$46,611$289,147
Chantal BernardAvp, Major Gifts & Init.(outgoing)FT$214,798$63,629$278,427
Raphaelle De BoisblancDirector of Marketing (outgoing)FT$58,398$202,008$260,406
Amy CasselloArtistic Director (incoming)FT$215,950$43,275$259,225
Alice FlowerChief People OfficerFT$227,317$31,350$258,667
Kent DavidsonVP of Marketing & Comm. (outgoing)FT$210,742$44,781$255,523
William a LeeAssociate VP, ItFT$194,738$52,301$247,039
Yvette RodriguezSr. Director of Finance (outgoing)FT$151,003$68,498$219,501
Jordana KierChief Growth Officer (incoming)FT$190,968$21,197$212,165
Clemente LunaDirector of Institutional GivingFT$169,498$35,848$205,346

Highest Paid Contractors

ContractorServicesLocationCompensation
Tanztheater Wuppertal Pina Bausch GmbhPerformers50 E WASHINGTON STREET SUITE 400, Chicago, IL 60675-5723, Gm$399,294
Arabella Advisors LLCConsulting Services25 PARK PLACE 5TH FLOOR, New York, NY 10007, Nl$311,444
WxyArchitects245 NEWTON ROAD SUITE 600, Plainview, NY 11803$178,837
Internationaal Theater AmsterdamPerformers-$126,102
Ew HowellConstruction Services-$109,167
Revenue and Support

Revenue Composition

Contributions and Grants
$38,230,569
Program Service Revenue
$8,211,791
Investment Income
$5,169
Other Revenue
$649,069
All Other Contributions
$19,244,678
Change in Net Assets
$6,271,758

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$668,750Fair Market Value
Securities Publicly Traded18$638,262Avg. High/low
Other Non Cash Contri Table1$326,394Fair Market Value
Other Non Cash Contri Table1$1,116Fair Market Value
Total Noncash Contributions21$1,634,522-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,651,339
Revenue Not Reported on Financial Statements
$-1,554,741
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-1,554,741
Total Revenue per Audited Statements
$48,651,339
Total Revenue per Form 990
$47,096,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$27,689,992
Other Expenses$13,128,398
Total Fundraising Expense$5,705,288
Grants and Similar Amounts Paid$6,450
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,193,984$2,304,665$2,628,024$17,126,673
Other Employee Benefits$2,736,892$477,325$584,902$3,799,119
Fees for Services Other$3,106,934$302,921$385,624$3,795,479
Current Officers, Directors, Trustees, and Key Employees$1,618,921$893,415$678,968$3,191,304
Payroll Taxes$1,549,609$279,260$326,761$2,155,630
Occupancy$1,960,482--$1,960,482
Pension Plan Contributions$1,077,999$140,252$199,015$1,417,266
Advertising$663,251$42,964$114,947$821,162
Office Expenses$543,047$267,470$5,253$815,770
Depreciation Depletion$574,034$126,743$110,842$811,619
Information Technology$594,612$971$6,746$602,329
All Other Expenses$392,256$40,566$71,162$503,984
Travel$387,915$9,097$25,314$422,326
Insurance$26,222$377,570$219$404,011
Other Expenses$26,317$254,658$23,633$304,608
Interest-$211,945-$211,945
Fees for Services Legal$102,254$101,040-$203,294
Fees for Services Lobbying-$24,050$50$24,100
Grants to Domestic Orgs$6,450--$6,450
Total Functional Expenses$28,769,132$6,350,420$5,705,288$40,824,840

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$42,379,581
Expenses per Audited Statements$40,824,840
Total Expenses per Form 990$40,824,840
Expenses Not Reported on Form 990$1,554,741
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$402,760
Fundraising Gross Income$137,433
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Next Wave 40 Benefit$576,522$92,503-$92,503
Bam Gala 2024$974,292$44,930$3,323$41,607
Total Events$1,550,814$137,433$402,760$-265,327
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bam Endowment Trust$1,905,000
Due to Nyc Cirs$235,176
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Form 990, Part VI, Section B, Line 11B

Tax return is prepared by an independent accountant and is reviewed by management. Draft versions of the tax returns are presented to the full board for review and comment in advance of the filing deadline. After any necessary revisions, the tax returns are filed with the appropriate authorities.

Form 990, Part VI, Section B, Line 12C

Each year, all members of the board of trustees and senior management are required to review and sign bam's conflict of interest policy. When a bidding situation with a potential conflict arises, proposals from multiple sources are requested. A subcommittee of bam's board governance committee serves as the conflict of interest committee and evaluates each conflict or potential conflict to ensure that each bid meets the criteria set forth in bam's conflict of interest policy. Those members with a conflict may not participate in or attend an authorized body's deliberations or vote on the conflict of interest arrangement.

Form 990, Part VI, Section B, Line 15A

A committee consisting of independent trustees and members of management completed a compensation review. The salary and benefit data for comparable roles was reviewed and discussed. For top management and officers, a compensation target and range was established for each position. This process is undertaken on an annual basis.

Form 990, Part VI, Section C, Line 19

Through its website (www.bam.org), bam makes available its conflict of interest policy and its financial statements.

Filing and Contact Details

Filer

Filer Name
Brooklyn Academy of Music Inc
EIN
11-2201344
Phone
7186364100
Address
30 LAFAYETTE AVENUE, BROOKLYN, NY 11217

Signing Officer

Name
Jennifer Anglade
Title
CFO & VP of Finance
Phone
7187248244
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane L Max
Formed
1861
Legal Domicile
Ny
Voting Board Members
37
Independent Board Members
36
Employees
804
Volunteers
36

Preparer

Firm
Cbiz Advisors LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Decrease in beneficial interest in bet endowment trust -6,608,566. Cultural institutions retirement system -12,853.

FORM 990, PART XII, LINE 2C:

The process of overseeing of the audit and selection of independent accountant has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment funds reported in part v are being administered through the bam endowment trust, a supporting organization as defined in code section 509(a)(3) of the internal revenue code of 1986. The earnings of the trust are used exclusively to assist bam in carrying out its mission.

PART X, LINE 2:

Bam believes it has no uncertain tax positions as of june 30, 2024 and 2023 in accordance with accounting standards codification ("asc") topic 740, income taxes which provides standards for establishing and classifying any tax provision for uncertain tax positions.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -1,554,741.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 1,554,741.

Raw XML AppendixShowing 400 of 1,333 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03068456
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IRS990/AccountsReceivableGrp/EOYAmt0749508
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS.
IRS990/AdvertisingGrp/FundraisingAmt0114947
IRS990/AdvertisingGrp/ManagementAndGeneralAmt042964
IRS990/AdvertisingGrp/ProgramServicesAmt0663251
IRS990/AdvertisingGrp/TotalAmt0821162
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IRS990/BooksInCareOfDetail/PhoneNum07187248244
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt030 LAFAYETTE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/ContractorCompensationGrp/ContractorAddress/ForeignAddress/CountryCd0GM
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4EW HOWELL
IRS990/ContractorCompensationGrp/ServicesDesc0PERFORMERS
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IRS990/ContractorCompensationGrp/ServicesDesc2ARCHITECTS
IRS990/ContractorCompensationGrp/ServicesDesc3PERFORMERS
IRS990/ContractorCompensationGrp/ServicesDesc4CONSTRUCTION SERVICES
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IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt038230569
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IRS990/CYInvestmentIncomeAmt05169
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IRS990/DelegationOfMgmtDutiesInd00
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