Civic Intelligence

Bam Endowment Trust

990 • Fiscal year 2011 • EIN 11-3112268

Jul 01, 2010 to Jun 30, 2011 • Filed on Apr 16, 2012

Organization ProfileN/A
30 Lafayette Avenue11217
Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$83,148,471

Up $9,443,332 (+13%) from 2010

Net Assets

Up

$83,116,249

Up $9,445,240 (+13%) from 2010

Liabilities

Down

$32,222

Down $1,908 (-5.6%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,317,319

Up $41,799 (+1.3%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$150M$100M$50M$0Assets 2010: $73,705,139Liabilities 2010: $34,130Net Assets 2010: $73,671,0092010Assets 2011: $83,148,471Liabilities 2011: $32,222Net Assets 2011: $83,116,2492011Assets 2012: $80,902,305Liabilities 2012: $30,215Net Assets 2012: $80,872,0902012Assets 2013: $87,905,836Liabilities 2013: $27,901Net Assets 2013: $87,877,9352013Assets 2014: $96,831,467Liabilities 2014: $25,704Net Assets 2014: $96,805,7632014Assets 2015: $99,370,343Liabilities 2015: $23,915Net Assets 2015: $99,346,4282015Assets 2016: $91,601,374Liabilities 2016: $27,370Net Assets 2016: $91,574,0042016Assets 2017: $95,804,744Liabilities 2017: $25,146Net Assets 2017: $95,779,5982017Assets 2018: $99,876,442Liabilities 2018: $22,806Net Assets 2018: $99,853,6362018Assets 2019: $101,180,760Liabilities 2019: $20,343Net Assets 2019: $101,160,4172019Assets 2020: $92,803,010Liabilities 2020: $22,581Net Assets 2020: $92,780,4292020Assets 2021: $106,959,115Liabilities 2021: $15,099Net Assets 2021: $106,944,0162021Assets 2022: $93,445,467Liabilities 2022: $12,231Net Assets 2022: $93,433,2362022Assets 2023: $91,883,280Liabilities 2023: $10,665Net Assets 2023: $91,872,6152023Assets 2024: $89,908,086Liabilities 2024: $4,644,037Net Assets 2024: $85,264,0492024

Highlighted filing

2011

Assets$83,148,471
Liabilities$32,222
Net Assets$83,116,249
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$10M$0-$10M-$20MExpenses 2010: $3,275,5202010Expenses 2011: $3,317,3192011Expenses 2012: $3,706,0072012Revenue 2013: $1,815,316Expenses 2013: $4,005,187Net Income 2013: -$2,189,8712013Revenue 2014: $9,146,712Expenses 2014: $4,478,733Net Income 2014: $4,667,9792014Revenue 2015: $8,107,112Expenses 2015: $4,703,341Net Income 2015: $3,403,7712015Revenue 2016: $1,716,770Expenses 2016: $5,053,196Net Income 2016: -$3,336,4262016Revenue 2017: $3,644,894Expenses 2017: $9,367,248Net Income 2017: -$5,722,3542017Revenue 2018: $8,294,486Expenses 2018: $8,123,627Net Income 2018: $170,8592018Revenue 2019: $2,937,748Expenses 2019: $4,982,850Net Income 2019: -$2,045,1022019Revenue 2020: $1,747,845Expenses 2020: $10,206,048Net Income 2020: -$8,458,2032020Revenue 2021: $5,566,840Expenses 2021: $8,215,379Net Income 2021: -$2,648,5392021Revenue 2022: $5,021,275Expenses 2022: $5,353,070Net Income 2022: -$331,7952022Revenue 2023: $1,418,152Expenses 2023: $12,639,570Net Income 2023: -$11,221,4182023Revenue 2024: $4,297,390Expenses 2024: $13,459,572Net Income 2024: -$9,162,1822024

Highlighted filing

2011

Revenue-
Expenses$3,317,319
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Apr 16, 2012
Return Version
2010v3.4
Gross Receipts
$21,554,378
Mission and Program Overview

Mission

The bam endowment trust operates exclusively for the benefit of the brooklyn academy of music, inc.

Filing and Contact Details

Filer

EIN
11-3112268
Raw XML AppendixShowing 400 of 537 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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IRS990/ActivityOrMissionDescription0THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE BROOKLYN ACADEMY OF MUSIC, INC.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0TO GENERATE INCOME IN ORDER TO SUPPORT THE PROGRAMS OF BROOKLYN ACADEMY OF MUSIC.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1FIN 48 DISCLOSURE: INCOME TAXES - BET HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011 AND 2010 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. BET IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2CHANGE IN POOLED INCOME FUND 1,908.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3CHANGE IN POOLED INCOME FUND 1,908.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XI, LINE 8 - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1PART X:
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IRS990ScheduleD/OtherSecurities/Description0HEDGE FUNDS AND LIMITED PARTNERSHIPS
IRS990ScheduleD/OtherSecurities/Description1POOLED INCOME FUND
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE BOARD OF TRUSTEES OF BAM ENDOWMENT TRUST APPROVES THE CALCULATION FOR THE DISTRIBUTION TO BROOKLYN ACADEMY OF MUSIC.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
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IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode011217
IRS990ScheduleI/RecipientTable/AmountOfCashGrant02918030
IRS990ScheduleI/RecipientTable/EINOfRecipient0112201344
IRS990ScheduleI/RecipientTable/IRCSection0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrant0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10THE BROOKLYN ACADEMY OF MUSIC INC
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleI/TotalNbrOfOtherOrganizations00
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg00
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs00
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg00
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs00
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0192007
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs0108370
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0KEITH STUBBLEFIELD
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs030721
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0222728
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0IN DEC 2010, BET AMENDED ITS BY-LAWS. PROPOSED CHANGES WERE SUBMITTED TO THE ENTIRE BOARD PRIOR TO MEETING. THE PROPOSED CHANGES WERE THEN REVIEWED, DISCUSSED AND APPROVED BY THE BOARD. THE AMENDMENTS INCLUDED THE FOLLOWING CHANGES. THE MAXIMUM NUMBER OF DIRECTORS WAS INCREASED FROM NINE TO FIFTEEN. THE REQUIREMENT THAT THE NUMBER OF UNAFFILIATED BE ONE MORE THAN NUMBER OF AFFILIATED WAS ADJUSTED TO PERMIT UNAFFILIATED TO BE AT LEAST ONE MORE THAN AFFILIATED. ADDED A PROVISION FOR AUTOMATIC REMOVAL OF A TRUSTEE WHO IS ABSENT AT MORE THAN TWO CONSECUTIVE MEETINGS. PROVIDED THAT THE ANNUAL MEETING BE HELD WITHIN NINE (9) MONTHS OF THE END OF THE FY INSTEAD OF SIX (6) MONTHS. REMOVED THE PROHIBITION ON AN AFFILIATED MEMBER SERVING AS AN OFFICER OR EMPLOYEE OF BET.
IRS990ScheduleO/GeneralExplanation/Explanation1THE TAX RETURNS FOR BET ARE REVIEWED BY A SUB-COMMITTEE OF ITS BOARD OF TRUSTEES IN CONJUNCTION WITH THE REVIEW OF THE RETURNS FOR ITS RELATED ORGANIZATION BROOKLYN ACADEMY OF MUSIC. AFTER REVIEW AND COMPLETION OF ANY NEEDED REVISIONS, THE PROPOSED FINAL VERSIONS OF THE TAX RETURNS ARE PRESENTED TO THE FULL BOARD FOR REVIEW AND COMMENT. SUBSEQUENTLY, THE TAX RETURNS ARE FILED WITH THE APPROPRIATE AUTHORITIES.
IRS990ScheduleO/GeneralExplanation/Explanation2ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO REVIEW AND SIGN BET'S CONFLICT OF INTEREST POLICY ON A REGULAR BASIS. 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 BET'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation3THROUGH THE WEBSITE OF ITS RELATED ORGANIZATION (WWW.BAM.ORG), BET MAKES AVAILABLE ITS CONFLICT OF INTEREST POLICY AND ITS TAX FORMS AVAILABLE. BET'S TAX FORMS ARE ALSO AVAILABLE VIA GUIDESTAR (WWW.GUIDESTAR.ORG).
IRS990ScheduleO/GeneralExplanation/Explanation4KEITH STUBBLEFIELD'S COMPENSATION WAS PAID BY BROOKLYN ACADEMY OF MUSIC, INC., A RELATED PARTY TO THE ORGANIZATION. HE WORKED 59 HOURS A WEEK AS A CFO AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION FOR BROOKLYN ACADEMY OF MUSIC. HE WORKED ONLY ONE HOUR A WEEK AS A TREASURER FOR BAM ENDOWMENT TRUST.
IRS990ScheduleO/GeneralExplanation/Explanation5NET UNREALIZED GAINS ON INVESTMENTS: 10,063,279. CHANGE IN POOLED INCOME FUND 1,908. TOTAL TO FORM 990, PART XI, LINE 5: 10,065,187.
IRS990ScheduleO/GeneralExplanation/Explanation6HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier2CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier3THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$83,148,471
Liabilities
$32,222
Net assets
$83,116,249
Revenue
-
Expenses
$3,317,319
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$89.9$4.64$85.3$4.30$13.5$9.16
2023Detailed filing. Detailed filing data is available for this year.$91.9$0.01$91.9$1.42$12.6$11.2
2022Detailed filing. Detailed filing data is available for this year.$93.4$0.01$93.4$5.02$5.35$0.33
2021Detailed filing. Detailed filing data is available for this year.$107$0.02$107$5.57$8.22$2.65
2020Detailed filing. Detailed filing data is available for this year.$92.8$0.02$92.8$1.75$10.2$8.46
2019Detailed filing. Detailed filing data is available for this year.$101$0.02$101$2.94$4.98$2.05
2018Detailed filing. Detailed filing data is available for this year.$99.9$0.02$99.9$8.29$8.12$0.17
2017Detailed filing. Detailed filing data is available for this year.$95.8$0.03$95.8$3.64$9.37$5.72
2016Detailed filing. Detailed filing data is available for this year.$91.6$0.03$91.6$1.72$5.05$3.34
2015Detailed filing. Detailed filing data is available for this year.$99.4$0.02$99.3$8.11$4.70$3.40
2014Detailed filing. Detailed filing data is available for this year.$96.8$0.03$96.8$9.15$4.48$4.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.9$0.03$87.9$1.82$4.01$2.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.9$0.03$80.9$3.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.1$0.03$83.1$3.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.7$0.03$73.7$3.28