Civic Intelligence

Bam Endowment Trust

990 • Fiscal year 2019 • EIN 11-3112268

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 11, 2020

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

3rd percentile

0.00x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

3rd percentile

-70%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$369,118

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

35th percentile

1.3%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-65%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$101,180,760

Up $1,304,318 (+1.3%) from 2018

Net Assets

Up

$101,160,417

Up $1,306,781 (+1.3%) from 2018

Liabilities

Down

$20,343

Down $2,463 (-11%) from 2018

Revenue

Down

$2,937,748

Down $5,356,738 (-65%) from 2018

Expenses

Down

$4,982,850

Down $3,140,777 (-39%) from 2018

Net Income

Down

-$2,045,102

Down $2,215,961 (-1297%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$101,180,760
Liabilities$20,343
Net Assets$101,160,417

Operations Trend

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

2019

Revenue$2,937,748
Expenses$4,982,850
Net Income-$2,045,102
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 11, 2020
Return Version
2018v3.1
Gross Receipts
$30,325,992
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$87,963,018$88,718,427▲ $755,409
Savings and Temporary Cash Investments$3,712,382$4,935,130▲ $1,222,748
Investments Other Securities$4,422,977$3,200,697▼ $1,222,280
Pledges and Grants Receivable$2,348,330$1,672,601▼ $675,729
Total Assets$99,876,442$101,180,760▲ $1,304,318
Other Assets Total$1,429,735$2,653,905▲ $1,224,170
Liabilities
Other Liabilities$22,806$20,343▼ $2,463
Total Liabilities$22,806$20,343▼ $2,463
Net Assets / Fund Balance
Permanently Rstr Net Assets$85,706,296$85,756,935▲ $50,639
Unrestricted Net Assets$14,050,150$15,300,136▲ $1,249,986
Temporarily Rstr Net Assets$97,190$103,346▲ $6,156
Total Net Assets Fund Balance$99,853,636$101,160,417▲ $1,306,781
Total Liabilities and Net Assets / Fund Balance$99,876,442$101,180,760▲ $1,304,318

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$99,853,636$50,639▲ $5,946,383-$101,160,417
2017$95,779,598$2,851,674▲ $9,345,991-$99,853,636
2016$91,574,004$181,650▲ $13,391,193-$95,779,598
2015$99,346,428$687,529▼ $3,406,757-$91,574,004
2014$96,805,763$5,268,059▲ $1,982,277-$99,346,428
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Brooklyn Academy Of MusicManagement Fees30 LAFAYETTE AVENUE, Brooklyn, NY 11217$200,000
Revenue and Support

Revenue Composition

Contributions and Grants
$50,639
Program Service Revenue
$0
Investment Income
$2,886,553
Other Revenue
$556
All Other Contributions
$50,639
Change in Net Assets
$-2,045,102

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,645,139
Revenue Not Reported on Financial Statements
$292,609
Revenue Not Reported on Form 990
$3,351,883
Total Revenue per Audited Statements
$5,997,022
Total Revenue per Form 990
$2,937,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,449,813
Other Expenses$533,037
Total Fundraising Expense$100,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,449,813--$4,449,813
Fees for Service Investment Mgmnt Fees-$292,609-$292,609
Fees for Services Management-$100,000$100,000$200,000
Fees for Services Accounting-$25,000-$25,000
Office Expenses-$7,900-$7,900
Insurance-$6,138-$6,138
Fees for Services Legal-$1,390-$1,390
Total Functional Expenses$4,449,813$433,037$100,000$4,982,850

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,982,850
Expenses per Audited Statements$4,690,241
Total Expenses per Audited Statements$4,690,241
Expenses Not Reported on Financial Statements$292,609
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Brooklyn Academy of Music IncBrooklyn, NY501(c)(3)Operations$4,449,813
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pooled Income Fund$20,343
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 A, Line 2

Timothy sebunya and alan fishman had a business relationship during the year.

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

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. Bet audit committee 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 50 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

Filer Name
Bam Endowment Trust
EIN
11-3112268
Phone
7186364110
Address
30 LAFAYETTE AVENUE, BROOKLYN, NY 11217

Signing Officer

Name
Keith Stubblefield
Title
Treasurer
Phone
7186364110
Signed
2020-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katy Clark
Formed
1992
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Marks Paneth Llp
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in pooled income fund 2,462.

FORM 990, PART XII LINE 2C:

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

Financial Statement Notes

PART V, LINE 4:

Bet receives funds for the establishment of certain endowments for its benefit. These endowments have been designated by the donors as endowments to be kept in perpetuity with net appreciation designated to specific purposes or the general operations of bam.

PART X, LINE 2:

Bet believes it has no uncertain tax positions as of june 30, 2019 and 2018 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 2D - OTHER ADJUSTMENTS:

Change in pooled income fund 2,462.

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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/NetGainOrLossInvestmentsGrp/ExclusionAmt0615734
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0615734
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03349421
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07900
IRS990/OfficeExpensesGrp/TotalAmt07900
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01429735
IRS990/OtherAssetsTotalGrp/EOYAmt02653905
IRS990/OtherChangesInNetAssetsAmt02462
IRS990/OtherLiabilitiesGrp/BOYAmt022806
IRS990/OtherLiabilitiesGrp/EOYAmt020343
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0556
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0556
IRS990/OtherRevenueTotalAmt0556
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt085706296
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt085756935
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02348330
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01672601
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KATY CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02846358
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07478996
IRS990/PYInvestmentIncomeAmt05445152
IRS990/PYOtherExpensesAmt0644631
IRS990/PYOtherRevenueAmt02976
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0170859
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt08123627
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08294486
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2045102
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0556
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03712382
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04935130
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE BAM ENDOWMENT TRUST SERVES AS BAM'S INVESTMENT ADVISORY ORGANIZATION. IF THERE WERE NOT A SEPARATE 501(C)(3) ORGANIZATION SERVING THIS PURPOSE, BAM WOULD NEED TO PROVIDE THESE SERVICES ITSELF.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ANNUAL DRAW PROVIDED BY THE BAM ENDOWMENT TRUST TO BAM ENABLED BAM TO PROVIDE FURTHER MISSION-RELATED PROGRAMMING THAT IT WOULD OTHERWISE NOT HAVE BEEN ABLE TO PROVIDE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0112201344
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt04449813
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROOKLYN ACADEMY OF MUSIC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt04449813
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/BoardDesignatedBalanceEOYPct00.15120
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0240428
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt099853636
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050639
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0101160417
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt04449813
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05946383
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0644631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt095779598
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02851674
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt099853636
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt07478996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09345991
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0768807
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt091574004
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0181650
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt095779598
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt08598441
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013391193
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0693672
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt099346428
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0687529
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt091574004
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt04359525
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3406757
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0814709
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt096805763
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05268059
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt099346428
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt03894962
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01982277
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0292609
IRS990ScheduleD/ExpensesSubtotalAmt04690241
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0292609
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0292609
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03349421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0POOLED INCOME FUND
IRS990ScheduleD/OtherRevenueAmt02462
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.84770
IRS990ScheduleD/RevenueNotReportedAmt03351883
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0292609
IRS990ScheduleD/RevenueSubtotalAmt02645139
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BET RECEIVES FUNDS FOR THE ESTABLISHMENT OF CERTAIN ENDOWMENTS FOR ITS BENEFIT. THESE ENDOWMENTS HAVE BEEN DESIGNATED BY THE DONORS AS ENDOWMENTS TO BE KEPT IN PERPETUITY WITH NET APPRECIATION DESIGNATED TO SPECIFIC PURPOSES OR THE GENERAL OPERATIONS OF BAM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BET BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN POOLED INCOME FUND 2,462.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00110
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04982850
IRS990ScheduleD/TotalLiabilityAmt020343
IRS990ScheduleD/TotalRevenuePerForm990Amt02937748
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05997022
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04690241
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt04449813
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE BROOKLYN ACADEMY OF MUSIC INC
IRS990ScheduleI/RecipientTable/RecipientEIN0112201344
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt030 LAFAYETTE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd011217
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES OF BAM ENDOWMENT TRUST APPROVES THE CALCULATION FOR THE DISTRIBUTION TO BROOKLYN ACADEMY OF MUSIC AND MONITORS THE USE OF FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt06395
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0292312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

Document Assets

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Filings

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