Civic Intelligence

Bargemusic Ltd.

990 • Fiscal year 2021 • EIN 11-2451587

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 27, 2022

Fulton Ferry Landing T StairsBrooklyn, NY 11201

(718) 624-4924

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.4%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,003,010

Down $174,413 (-15%) from 2020

Net Assets

Down

$976,632

Down $144,456 (-13%) from 2020

Liabilities

Down

$26,378

Down $29,957 (-53%) from 2020

Revenue

Up

$642,612

Up $44,496 (+7.4%) from 2020

Expenses

Up

$787,068

Up $32,481 (+4.3%) from 2020

Net Income

Up

-$144,456

Up $12,015 (+7.7%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,068,294Liabilities 2011: $22,646Net Assets 2011: $1,045,6482011Assets 2012: $1,176,661Liabilities 2012: $27,010Net Assets 2012: $1,149,6512012Assets 2013: $1,297,998Liabilities 2013: $17,057Net Assets 2013: $1,280,9412013Assets 2014: $1,300,160Liabilities 2014: $4,639Net Assets 2014: $1,295,5212014Assets 2015: $1,314,961Liabilities 2015: $1,667Net Assets 2015: $1,313,2942015Assets 2016: $1,311,591Liabilities 2016: $33,516Net Assets 2016: $1,278,0752016Assets 2017: $1,249,934Liabilities 2017: $1,800Net Assets 2017: $1,248,1342017Assets 2018: $1,220,663Liabilities 2018: $1,963Net Assets 2018: $1,218,7002018Assets 2019: $1,277,559Liabilities 2019: $0Net Assets 2019: $1,277,5592019Assets 2020: $1,177,423Liabilities 2020: $56,335Net Assets 2020: $1,121,0882020Assets 2021: $1,003,010Liabilities 2021: $26,378Net Assets 2021: $976,6322021Assets 2022: $895,143Liabilities 2022: $16,756Net Assets 2022: $878,3872022Assets 2023: $862,866Liabilities 2023: $94,642Net Assets 2023: $768,2242023Assets 2024: $794,537Liabilities 2024: $77,406Net Assets 2024: $717,1312024Assets 2025: $578,748Liabilities 2025: $49,606Net Assets 2025: $529,1422025

Highlighted filing

2021

Assets$1,003,010
Liabilities$26,378
Net Assets$976,632

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $842,630Expenses 2011: $766,845Net Income 2011: $75,7852011Revenue 2012: $874,825Expenses 2012: $770,822Net Income 2012: $104,0032012Revenue 2013: $885,185Expenses 2013: $753,895Net Income 2013: $131,2902013Revenue 2014: $770,202Expenses 2014: $755,622Net Income 2014: $14,5802014Revenue 2015: $778,902Expenses 2015: $761,129Net Income 2015: $17,7732015Revenue 2016: $748,916Expenses 2016: $784,135Net Income 2016: -$35,2192016Revenue 2017: $735,747Expenses 2017: $765,688Net Income 2017: -$29,9412017Revenue 2018: $731,253Expenses 2018: $760,687Net Income 2018: -$29,4342018Revenue 2019: $865,399Expenses 2019: $806,540Net Income 2019: $58,8592019Revenue 2020: $598,116Expenses 2020: $754,587Net Income 2020: -$156,4712020Revenue 2021: $642,612Expenses 2021: $787,068Net Income 2021: -$144,4562021Revenue 2022: $620,885Expenses 2022: $719,130Net Income 2022: -$98,2452022Revenue 2023: $623,317Expenses 2023: $733,480Net Income 2023: -$110,1632023Revenue 2024: $706,059Expenses 2024: $757,152Net Income 2024: -$51,0932024Revenue 2025: $740,285Expenses 2025: $928,274Net Income 2025: -$187,9892025

Highlighted filing

2021

Revenue$642,612
Expenses$787,068
Net Income-$144,456
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 27, 2022
Return Version
2020v4.0
Gross Receipts
$642,612
Mission and Program Overview

Mission

Bargemusic has continued for 45 years to be dedicated to enhancing the cultural life of New York City.

For 45 years Bargemusic continues to be dedicated to enhancing the cultural life of new York City by presenting concerts,giving performance opportunities to a diverse group of musicians and serving the community by providing many admission free concerts making the entire canon of classical chamber music available and accessible to everyone in a unique floating concert hall.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$815,112$662,982▼ $152,130
Land, Buildings, and Equipment, Net$362,311$340,028▼ $22,283
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,177,423$1,003,010▼ $174,413
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$50,000--
Accounts Payable and Accrued Expenses$6,335$26,378▲ $20,043
Total Liabilities$56,335$26,378▼ $29,957
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,121,088$976,632▼ $144,456
Total Net Assets Fund Balance$1,121,088$976,632▼ $144,456
Total Liabilities and Net Assets / Fund Balance$1,177,423$1,003,010▼ $174,413

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$340,028$908,649$1,248,677
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark Peskanovexecutive/artistic directorFT$204,999$13,402$218,401

Board Members and Trustees

NameTitle
Mark PeskanovPresident
DeBorge PinningtonDirector
Joseph CoyneDirector
Rita SloanDirector
Dr Geza Von HabsburgSecretary
David BottomsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$594,197
Program Service Revenue
$47,908
Investment Income
$507
Other Revenue
$0
All Other Contributions
$464,507
Change in Net Assets
$-144,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$642,612
Total Revenue per Audited Statements
$642,612
Total Revenue per Form 990
$642,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$412,097
Other Expenses$374,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$204,999--$204,999
Other Salaries and Wages$89,064$64,627-$153,691
Fees for Services Accounting$32,682$3,056-$35,738
Insurance$26,562$2,400-$28,962
Other Employee Benefits$13,402$13,402-$26,804
Payroll Taxes$17,200$9,403-$26,603
Depreciation Depletion$17,826$4,457-$22,283
Office Expenses$10,150$1,000-$11,150
Advertising$7,634--$7,634
Occupancy$6,466--$6,466
Other Expenses$5,406$1,000-$5,406
All Other Expenses$3,000--$3,000
Total Functional Expenses$687,723$99,345$0$787,068

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$787,068
Total Expenses per Audited Statements$787,068
Total Expenses per Form 990$787,068
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Line 11B: Form 990 Review Process

The Form 990 is prepared and reviewed by The Board before it is filed and issued.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflicts are monitored and reviewed annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Fair market value studies and comparisons are done annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Fair market value studies and comparisons are done annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Financial Statements and Tax Returns are also available via independent third party websites.

Filing and Contact Details

Filer

Filer Name
Bargemusic LTD
EIN
11-2451587
Phone
7186244924
Address
Fulton Ferry Landing T Stairs, Brooklyn, NY 11201

Signing Officer

Name
Mark Peskanov
Title
Executive Director
Signed
2022-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Peskanov
Formed
1977
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
Employees
4

Preparer

Firm
Ne Kelly and Associates LLC
Address
4238 WASHINGTON STREET SUITE 307, BOSTON, MA 02131
Preparer
Nancy Kelly
Phone
6173905734
Supplemental Narrative

Additional Explanations

Employees-compensation Explanation

Board Members (Officers & Directors) shown in Part VII do not receive payments for services in those positions. One of the Board Members is employed as a full time staff member and was remunerated at a rate of approximately $98,000 per annum. The Board has determined that this rate approximated fair value. Another Board Member was paid an honorarium of $1,000 for her services as a concert pianist. The Board determined that the amount also approximated fair value. These artistic and administrative duties were not related in any way to their uncompensated duties as Board Members.

Financial Statement Notes

Part X : FIN48 Footnote

Not applicable

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE NEW ECLECTIC SERIES OF CONCERTS,JUXTAPOSING BETTER KNOWN COMPOSERS WITH UNDERREPRESENTED COMPOSERS OF DIFFERENT TIME PERIODS FEATURED PIANO RECITALS, A SOLO VIOLIN RECITAL, DUO RECITALS, AND STRING QUARTET CONCERTS, ALL WITH DIVERSE PROGRAMMING. ARTISTS INCLUDED PIANISTS DONALD BERMAN, TIMO ANDRES, URSULA OPPENS, MARC PELOQUIN, BETH LEVIN,RIEKO AIZAWA, STEVE SANDBERG, ASIYA KOREPANOVA, violiNISTS ZACH BROCK, DANIEL KOGANt THE AMERNET QUARTET FEATURING DIVERSE PROGRAMMING FEATURING MUSIC OF BACH, SU LIAN TAN, IVES, SANFORD,EPSTEIN, CASELEOS,sCHUMANN,SOUTHAM, ROREM, DEBUSSY,ELLINGTON,ANDRES,SANDBERG, ADAMS,CHOPIN, CARTER, RZEWSKI, BRAHMS, SHOSTAKOVICH, DEL TREDICI, MOZART, DAWE,AUGUSTA READ THOMAS, BARTOK1 CHOPIN, RAVEL,FELDMAN,CAGE,SOLER,BRUCKNER,gershwin/wild, poulenc, franck, korepanova, balakirev, scarlatti, beach, reger, drozdoff, bernstein, moszkowski, rochberg, ysaye, shubert, hagen, dvorak and tepfer. This series featured world, us, and new york premierres of new music.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0156241
IRS990/ProgSrvcAccomActy3Grp/Desc0The Here and Now sERIES OF CONCERTS,FEATURING CONTEMPORARY WORKS AND WORLD,US, AND NEW YORK PREMIERES IN PIANO RECITALS, SOLO VIOLIN RECITALS,AND A VIOLIN AND PIANO DUO RECITAL,ALL WITH DIVERSE PROGRAMMING. ARTISTS INCLUDED: KATHLEEN SUPOVE, DAN TEPFER, DORIS STEVENSON, RIEKO AIZAWA STEVEN BECK; VIOLINISTS MIRANDA CUCKSON, KINGA AUGUSTYN, JESSE MILLS; AND FEATURING MUSIC OF SUPOVE, REYNOLDS,WOOLF HASSANOVA,LYON, SMITH,BACH, TEPFER, HAILSTORK, RZEWSKl,XENAKIS, FRIEDRICH, SHIRAZ!, HERSCH, SIMON, FELDMAN, BACEWICZ,PENDERECKI, PIAZZOLLA, WALKER,LEON, MUMFORD, DORTOHY RUDD MOORE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Not applicable
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Peskanov
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0executive/artistic director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared and reviewed by The Board before it is filed and issued.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts are monitored and reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fair market value studies and comparisons are done annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fair market value studies and comparisons are done annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Financial Statements and Tax Returns are also available via independent third party websites.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board Members (Officers & Directors) shown in Part VII do not receive payments for services in those positions. One of the Board Members is employed as a full time staff member and was remunerated at a rate of approximately $98,000 per annum. The Board has determined that this rate approximated fair value. Another Board Member was paid an honorarium of $1,000 for her services as a concert pianist. The Board determined that the amount also approximated fair value. These artistic and administrative duties were not related in any way to their uncompensated duties as Board Members.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EMPLOYEES-COMPENSATION EXPLANATION
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.05$0.53$0.74$0.93$0.19
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.08$0.72$0.71$0.76$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.09$0.77$0.62$0.73$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.02$0.88$0.62$0.72$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.98$0.64$0.79$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.06$1.12$0.60$0.75$0.16
2019Summary only. Only limited summary data is available for this year.$1.28$0.00$1.28$0.87$0.81$0.06
2018Summary only. Only limited summary data is available for this year.$1.22$0.00$1.22$0.73$0.76$0.03
2017Summary only. Only limited summary data is available for this year.$1.25$0.00$1.25$0.74$0.77$0.03
2016Summary only. Only limited summary data is available for this year.$1.31$0.03$1.28$0.75$0.78$0.04
2015Summary only. Only limited summary data is available for this year.$1.31$0.00$1.31$0.78$0.76$0.02
2014Summary only. Only limited summary data is available for this year.$1.30$0.00$1.30$0.77$0.76$0.01
2013Summary only. Only limited summary data is available for this year.$1.30$0.02$1.28$0.89$0.75$0.13
2012Summary only. Only limited summary data is available for this year.$1.18$0.03$1.15$0.87$0.77$0.10
2011Summary only. Only limited summary data is available for this year.$1.07$0.02$1.05$0.84$0.77$0.08