Civic Intelligence

Bam Endowment Trust

990 • Fiscal year 2014 • EIN 11-3112268

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 16, 2015

Organization ProfileN/A
30 Lafayette AvenueBrooklyn, NY 11217

(718) 636-4110

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.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

23rd percentile

$278,757

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

404%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$96,831,467

Up $8,925,631 (+10%) from 2013

Net Assets

Up

$96,805,763

Up $8,927,828 (+10%) from 2013

Liabilities

Down

$25,704

Down $2,197 (-7.9%) from 2013

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin92nd percentile

Revenue

Up

$9,146,712

Up $7,331,396 (+404%) from 2013

Expenses

Up

$4,478,733

Up $473,546 (+12%) from 2013

Net Income

Up

$4,667,979

Up $6,857,850 (+313%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2014

Assets$96,831,467
Liabilities$25,704
Net Assets$96,805,763
Open 2014 Filing

Operations Trend

Revenue Growth99th percentile

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

2014

Revenue$9,146,712
Expenses$4,478,733
Net Income$4,667,979
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$160,950,810
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$56,814,419$72,554,413▲ $15,739,994
Investments Other Securities$22,668,033$17,582,885▼ $5,085,148
Savings and Temporary Cash Investments$4,625,877$4,563,519▼ $62,358
Pledges and Grants Receivable$2,545,930$1,025,650▼ $1,520,280
Prepaid Expenses and Deferred Charges-$5,000-
Total Assets$87,905,836$96,831,467▲ $8,925,631
Other Assets Total$1,251,577$1,100,000▼ $151,577
Liabilities
Deferred Revenue$27,901$25,704▼ $2,197
Total Liabilities$27,901$25,704▼ $2,197
Net Assets / Fund Balance
Permanently Rstr Net Assets$76,447,255$76,766,305▲ $319,050
Unrestricted Net Assets$11,325,852$19,960,677▲ $8,634,825
Temporarily Rstr Net Assets$104,828$78,781▼ $26,047
Total Net Assets Fund Balance$87,877,935$96,805,763▲ $8,927,828
Total Liabilities and Net Assets / Fund Balance$87,905,836$96,831,467▲ $8,925,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$104,485--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$87,877,935$408,518▲ $13,358,043-$96,805,763
2012$80,872,090$279,374▲ $11,231,658-$87,877,935
2011$83,116,249$2,622,492▼ $1,160,644-$80,872,090
2010$73,671,009$863,980▲ $11,898,579-$83,116,249
2009$69,258,256$1,054,336▲ $6,633,937-$73,671,009
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Timothy J IngrassiaChairman
Gabriel PizziVice Chairman
Alberto SanchezTrustee
Elizabeth HoltzmanTrustee
James I MclarenTrustee
Nora Ann WallaceTrustee
Norman L PeckTrustee
R Edward SpilkaTrustee
Steven G FelsherTrustee
Timothy SebunyaTrustee
William a Douglass IiiTrustee
Therese EsperdyTrustee (former)
Keith StubblefieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,650
Program Service Revenue
$0
Investment Income
$8,740,391
Other Revenue
$31,671
All Other Contributions
$374,650
Change in Net Assets
$4,667,979

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,000Fair Value
Total Noncash Contributions1$50,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,146,712
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,619,849
Total Revenue per Audited Statements
$13,766,561
Total Revenue per Form 990
$9,146,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,546,077
Other Expenses$932,656
Total Fundraising Expense$75,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,546,077--$3,546,077
Fees for Service Investment Mgmnt Fees-$616,802-$616,802
Fees for Services Other-$75,000$75,000$150,000
Fees for Services Accounting-$22,000-$22,000
Insurance-$7,150-$7,150
Other Expenses-$155-$155
Total Functional Expenses$3,546,077$857,656$75,000$4,478,733

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,838,733
Expenses per Audited Statements$4,478,733
Total Expenses per Form 990$4,478,733
Expenses Not Reported on Form 990$360,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
11-2201344-501(c)(3)Operations$3,546,077
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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 11

“A draft version 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

“All 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.”

Form 990, Part VI, Section C, Line 19

“Through the website of its related organization (www.bam.org), bet makes available its conflict of interest policy and its tax forms available.”

FORM 990, PART VII:

“Keith stubblefield's compensation was paid by brooklyn academy of music, inc., a related party to the organization. He worked 45 hours a week as a cfo and vice president of finance and administration for brooklyn academy of music. He worked only 5 hours a week as treasurer for bam endowment trust.”

Filing and Contact Details

Filer

EIN
11-3112268
Phone
7186364110

Signing Officer

Name
Keith Stubblefield
Title
Treasurer
Phone
7186364110
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy J Ingrassia
Formed
1992
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Preparer
Robert R Lyons CPA
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in pooled income fund 2,197. Bad debt -360,000.”

FORM 990, PART XII LINE 2C:

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

Financial Statement Notes

PART V, LINE 4:

“To generate income in order to support the programs of brooklyn academy of music.”

PART X, LINE 2:

“Income taxes - bet has no uncertain tax positions as of june 30, 2014 and 2013 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 2011.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized gain on investments 4,617,652. Change in pooled income fund 2,197.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT 360,000.”

Raw XML AppendixShowing 400 of 552 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/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0151804098
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE BROOKLYN ACADEMY OF MUSIC, INC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt087877935
IRS990/NetAssetsOrFundBalancesEOYAmt096805763
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07789030
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07789030
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04617652
IRS990/NoncashContributionsAmt050000
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01251577
IRS990/OtherAssetsTotalGrp/EOYAmt01100000
IRS990/OtherChangesInNetAssetsAmt0-357803
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0136549
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1155
IRS990/OtherExpensesGrp/TotalAmt0136549
IRS990/OtherExpensesGrp/TotalAmt1155
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt031671
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031671
IRS990/OtherRevenueTotalAmt031671
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt076447255
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt076766305
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02545930
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01025650
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05000
IRS990/PrincipalOfficerNm0TIMOTHY J INGRASSIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0271047
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03337860
IRS990/PYInvestmentIncomeAmt01538256
IRS990/PYOtherExpensesAmt0667327
IRS990/PYOtherRevenueAmt06013
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2189871
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04005187
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01815316
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04667979
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04625877
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04563519
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0112201344
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0LINE 7
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03546077
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10BKLN ACADEMY OF MUSIC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt03546077
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.20620
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04802559
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt087877935
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0408518
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt096805763
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt036174
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013358043
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01167327
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt080872090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0279374
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt087877935
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt03337860
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011231658
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0697367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt083116249
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02622492
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt080872090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt03008640
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1160644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0399289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt073671009
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0863980
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt083116249
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02918030
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011898579
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0419230
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt069258256
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01054336
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt073671009
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02856290
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06633937
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0360000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04478733
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0360000
IRS990ScheduleD/OtherRevenueAmt04619849
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017478400
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1104485
IRS990ScheduleD/OtherSecuritiesGrp/Desc0HEDGE FUNDS AND LIMITED PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1POOLED INCOME FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.79300
IRS990ScheduleD/RevenueNotReportedAmt04619849
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09146712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO GENERATE INCOME IN ORDER TO SUPPORT THE PROGRAMS OF BROOKLYN ACADEMY OF MUSIC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES - BET HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013 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 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2UNREALIZED GAIN ON INVESTMENTS 4,617,652. CHANGE IN POOLED INCOME FUND 2,197.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BAD DEBT 360,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00080
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt017582885
IRS990ScheduleD/TotalExpensesPerForm990Amt04478733
IRS990ScheduleD/TotalRevenuePerForm990Amt09146712
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013766561
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04838733
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt03546077
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10THE BROOKLYN ACADEMY OF MUSIC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0112201344
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1030 LAFAYETTE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/State0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode011217
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES OF BAM ENDOWMENT TRUST APPROVES THE CALCULATION FOR THE DISTRIBUTION TO BROOKLYN ACADEMY OF MUSIC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0234328
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt021470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018421
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt04538
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH STUBBLEFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0278757
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$96,831,467
Liabilities
$25,704
Net assets
$96,805,763
Revenue
$9,146,712
Expenses
$4,478,733
Net income
$4,667,979
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