Civic Intelligence

Bmi Foundation Inc.

990 • Fiscal year 2014 • EIN 13-3249311

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 05, 2015

Organization Profilebmifoundation.org
7 WTC 250 Greenwich StreetATTN TreasuryNew York, NY 10007

(615) 401-2413

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

67th percentile

8.2%

Faster asset growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,705,185

Up $205,669 (+8.2%) from 2013

Net Assets

Up

$2,705,185

Up $205,669 (+8.2%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin90th percentile

Revenue

Up

$459,021

Up $102,774 (+29%) from 2013

Expenses

Up

$253,352

Up $18,037 (+7.7%) from 2013

Net Income

Up

$205,669

Up $84,737 (+70%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,401,413Liabilities 2011: $0Net Assets 2011: $2,401,4132011Assets 2012: $2,378,583Liabilities 2012: $0Net Assets 2012: $2,378,5832012Assets 2013: $2,499,516Liabilities 2013: $0Net Assets 2013: $2,499,5162013Assets 2014: $2,705,185Liabilities 2014: $0Net Assets 2014: $2,705,1852014Assets 2015: $2,724,057Liabilities 2015: $3,000Net Assets 2015: $2,721,0572015Assets 2016: $2,747,019Liabilities 2016: $0Net Assets 2016: $2,747,0192016Assets 2017: $2,747,725Liabilities 2017: $0Net Assets 2017: $2,747,7252017Assets 2018: $2,706,389Liabilities 2018: $10,000Net Assets 2018: $2,696,3892018Assets 2019: $2,707,041Liabilities 2019: $0Net Assets 2019: $2,707,0412019Assets 2020: $3,125,484Liabilities 2020: $89,093Net Assets 2020: $3,036,3912020Assets 2021: $3,242,347Liabilities 2021: $104,250Net Assets 2021: $3,138,0972021Assets 2022: $2,672,117Liabilities 2022: $93,413Net Assets 2022: $2,578,7042022Assets 2023: $2,800,024Liabilities 2023: $81,686Net Assets 2023: $2,718,3382023Assets 2024: $3,072,593Liabilities 2024: $66,656Net Assets 2024: $3,005,9372024

Highlighted filing

2014

Assets$2,705,185
Liabilities$0
Net Assets$2,705,185
Open 2014 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.0M$500K$0-$500KRevenue 2011: $359,460Expenses 2011: $231,385Net Income 2011: $128,0752011Expenses 2012: $210,3592012Revenue 2013: $356,247Expenses 2013: $235,315Net Income 2013: $120,9322013Revenue 2014: $459,021Expenses 2014: $253,352Net Income 2014: $205,6692014Revenue 2015: $281,116Expenses 2015: $222,395Net Income 2015: $58,7212015Revenue 2016: $207,162Expenses 2016: $237,784Net Income 2016: -$30,6222016Revenue 2017: $354,268Expenses 2017: $320,302Net Income 2017: $33,9662017Revenue 2018: $668,273Expenses 2018: $335,957Net Income 2018: $332,3162018Revenue 2019: $338,717Expenses 2019: $328,065Net Income 2019: $10,6522019Revenue 2020: $325,719Expenses 2020: $343,838Net Income 2020: -$18,1192020Revenue 2021: $326,418Expenses 2021: $412,909Net Income 2021: -$86,4912021Revenue 2022: $392,464Expenses 2022: $394,852Net Income 2022: -$2,3882022Revenue 2023: $231,691Expenses 2023: $400,993Net Income 2023: -$169,3022023Revenue 2024: $607,301Expenses 2024: $401,199Net Income 2024: $206,1022024

Highlighted filing

2014

Revenue$459,021
Expenses$253,352
Net Income$205,669
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 5, 2015
Return Version
2013v4.0
Gross Receipts
$459,021
Mission and Program Overview

Mission

Bmi foundation, inc. Issues grants after consideration by an advisory panel to organzations and individuals requesting assistance for music-related activities.

The foundation issues grants after consideration by an advisory panel to organizations and individuals requesting assistance for music-related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,438,213$2,592,343▲ $154,130
Savings and Temporary Cash Investments$61,303$112,842▲ $51,539
Total Assets$2,499,516$2,705,185▲ $205,669
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,226,711$2,366,797▲ $140,086
Temporarily Rstr Net Assets$272,805$338,388▲ $65,583
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,499,516$2,705,185▲ $205,669
Total Liabilities and Net Assets / Fund Balance$2,499,516$2,705,185▲ $205,669
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Deirdre ChadwickPresident
David F BillsExecutive Vice President
Porfirio PinaSenior Vice President
Samantha FoxVice President
Anne CecereDirector
Camellia PettyDirector
Clay BradleyDirector
Corey FieldDirector
Dan ColemanDirector
Evelyn BucksteinDirector
Richard GarzaDirector
Antonella Di SaverioSecretary
Gary CannizzoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$169,704
Program Service Revenue
$0
Investment Income
$289,317
Other Revenue
$0
All Other Contributions
$169,704
Change in Net Assets
$205,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$459,021
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$459,021
Total Revenue per Form 990
$459,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$194,703
Other Expenses$38,669
Salaries, Compensation, and Employee Benefits$19,980
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$194,703--$194,703
Fees for Service Investment Mgmnt Fees$19,240--$19,240
Other Salaries and Wages$18,560--$18,560
Fees for Services Accounting$14,972--$14,972
Travel$2,824--$2,824
Advertising$1,588--$1,588
Payroll Taxes$1,420--$1,420
Insurance$45--$45
Total Functional Expenses$253,352$0$0$253,352

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,352
Total Expenses per Audited Statements$253,352
Total Expenses per Form 990$253,352
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Audit committee
Yes
Backup withholding compliance
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
No
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

“The form 990 is reviewed by a member of the organization, myself, Gary Cannizzo.”

Form 990, Part VI, Section C, Line 19

“The BMI Foundation does not make its governing documents, conflict of interest policy and financial statements available to the public.”

Filing and Contact Details

Filer

EIN
13-3249311
Phone
6154012413

Signing Officer

Name
Gary Cannizzo
Title
Treasurer
Phone
6154012413
Signed
2015-02-05

Organization Details

Principal Officer
Deirdre Chadwick
Formed
1985
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
0
Employees
1
Volunteers
0
Raw XML AppendixShowing 400 of 430 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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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44637
IRS990ScheduleA/PublicSupportPY170Pct00.5585
IRS990ScheduleA/PublicSupportTotal170Amt0735417
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0169704
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0184723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0135647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt097273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0148070
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0735417
IRS990ScheduleA/TotalSupportAmt01647566
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0289317
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0171525
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt051882
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0262187
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0137238
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0912149
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/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0253352
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0459021
IRS990ScheduleD/TotalExpensesPerForm990Amt0253352
IRS990ScheduleD/TotalRevenuePerForm990Amt0459021
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0459021
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0253352
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt110000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt27500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt35500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH: John Lennon Fund
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CASH: Young Musicians Fdn
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2CASH: The City College Fund
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3CASH: Cabrillo Festival
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt21
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt31
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Schedule I, Part 1, Line 2 - Scholarship assistance must be confirmed through educational use letters. For grants to organizations, reports from those organizations are reviewed annually by an advisory panel to confirm intended usage of funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is reviewed by a member of the organization, myself, Gary Cannizzo.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The BMI Foundation does not make its governing documents, conflict of interest policy and financial statements available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0272805
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0338388
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02499516
IRS990/TotalAssetsEOYAmt02705185
IRS990/TotalAssetsGrp/BOYAmt02499516
IRS990/TotalAssetsGrp/EOYAmt02705185
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0169704
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0253352
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253352
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02499516
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02705185
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0253352
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0289317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0459021
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02499516
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02705185
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02824
IRS990/TravelGrp/TotalAmt02824
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,705,185
Liabilities
$0
Net assets
$2,705,185
Revenue
$459,021
Expenses
$253,352
Net income
$205,669
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.07$3.01$0.61$0.40$0.21
2023Detailed filing. Detailed filing data is available for this year.$2.80$0.08$2.72$0.23$0.40$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.09$2.58$0.39$0.39$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.10$3.14$0.33$0.41$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$0.09$3.04$0.33$0.34$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.00$2.71$0.34$0.33$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$0.01$2.70$0.67$0.34$0.33
2017Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$0.35$0.32$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.00$2.75$0.21$0.24$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.00$2.72$0.28$0.22$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.46$0.25$0.21
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.50$0.00$2.50$0.36$0.24$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.00$2.38$0.21
2011Summary only. Only limited summary data is available for this year.$2.40$0.00$2.40$0.36$0.23$0.13