Liabilities / Assets
15th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
15th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
15th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
36th percentile
Higher top officer pay than 36% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Assets
Up$2,707,041
Up $652 (+0.0%) from 2018
Net Assets
Up$2,707,041
Up $10,652 (+0.4%) from 2018
Liabilities
Down$0
Down $10,000 (-100%) from 2018
Revenue
Down$338,717
Down $329,556 (-49%) from 2018
Expenses
Down$328,065
Down $7,892 (-2.3%) from 2018
Net Income
Down$10,652
Down $321,664 (-97%) from 2018
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 to individuals and organizations in music fields.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $2,540,159 | $2,701,593 | ▲ $161,434 |
| Pledges and Grants Receivable | $12,500 | - | - |
| Cash and Non-Interest-Bearing Accounts | $153,730 | $5,448 | ▼ $148,282 |
| Total Assets | $2,706,389 | $2,707,041 | ▲ $652 |
| Liabilities | |||
| Grants Payable | $10,000 | - | - |
| Total Liabilities | $10,000 | $0 | ▼ $10,000 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $2,328,092 | $2,154,640 | ▼ $173,452 |
| Unrestricted Net Assets | $59,477 | $552,401 | ▲ $492,924 |
| Permanently Rstr Net Assets | $308,820 | $0 | ▼ $308,820 |
| Total Net Assets Fund Balance | $2,696,389 | $2,707,041 | ▲ $10,652 |
| Total Liabilities and Net Assets / Fund Balance | $2,706,389 | $2,707,041 | ▲ $652 |
| Name | Title |
|---|---|
| Deirdre Chadwick | President |
| Samantha Cox | Vice President |
| Clay Bradley | Trustee |
| Corey Field | Trustee |
| Pamela Williams | Trustee |
| Dan Coleman | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $179,780 |
| Other Expenses | $95,353 |
| Salaries, Compensation, and Employee Benefits | $52,932 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $94,180 | - | - | $94,180 |
| Grants to Domestic Individuals | $85,600 | - | - | $85,600 |
| Comp Disqual Persons | $876 | $36,619 | - | $37,495 |
| Fees for Services Accounting | - | $19,500 | - | $19,500 |
| Payroll Taxes | - | $15,437 | - | $15,437 |
| Travel | - | $13,467 | - | $13,467 |
| Office Expenses | - | $11,993 | - | $11,993 |
| Fees for Services Legal | - | $11,495 | - | $11,495 |
| Other Expenses | - | $7,077 | - | $7,077 |
| Insurance | - | $1,616 | - | $1,616 |
| Fees for Services Other | - | $151 | - | $151 |
| Advertising | - | $130 | - | $130 |
| Royalties | - | $100 | - | $100 |
| Total Functional Expenses | $180,656 | $147,409 | $0 | $328,065 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| San Francisco Chamber Orchestra | San Francisco, CA | 501(c)(3) | 2019 New Music Grant | $10,000 |
| Music Association of Aspen Inc | Aspen, CO | 501(c)(3) | 2019 New Music Grant | $9,000 |
| New Music USA | New York, NY | 501(c)(3) | 2019 New Music Grant | $5,500 |
| Brooklyn Youth Chorus | Brooklyn, NY | 501(c)(3) | 3 Year Deal From Classical-other and Theatre-other | $5,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The treasurer reveiws the form 990 before filing with the internal revenue service.”
“All documents, financial statements and tax returns are available upon request.”
“The foundation is an exempt organization from federal income taxes under the provisions of irs code secton 501(c)(3) and, accordingly, no provision for federal income taxes is included in the financial statements. The foundation recognizes the tax benenfit associated with a tax position taken for tax return purposes when it is more likely than not the position will be sustained. The foundation does not believe there are any material uncertain tax positions that qualify for either recognition or disclosure in the financial statements. It is the foundations policy to recognize interest and/or penalties related to income tax matters in income tax expense. As of june 30, 2017, the foundation has accrued no interest or penalties related to uncertain tax positions. The foundation is subject to u.s. Federal tax examination for the years ended after june 30, 2013.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/Desc | 0 | THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF MUSIC INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROJECTS, THE PRESERVATION OF THE INDIGENOUS AMERICAN JAZZ AND BLUES FORMS, AND THE CREATION AND EXPOSURE TO AUDIENCES OF CONTEMPORARY MUSIC, PARTICULARLY IN THE AREAS OF CONCERT AND OPERATIC MUSIC, JAZZ, AND MUSICAL THEATRE. |
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| IRS990/MissionDesc | 0 | BMI FOUNDATION, INC. ISSUES GRANTS AFTER CONSIDERATION BY AN ADVISORY PANEL TO ORGANZATIONS AND INDIVIDUALS REQUESTING ASSISTANCE FOR MUSIC-RELATED ACTIVITIES. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION IS AN EXEMPT ORGANIZATION FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF IRS CODE SECTON 501(C)(3) AND, ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES THE TAX BENENFIT ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IT IS THE FOUNDATIONS POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. AS OF JUNE 30, 2017, THE FOUNDATION HAS ACCRUED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FOUNDATION IS SUBJECT TO U.S. FEDERAL TAX EXAMINATION FOR THE YEARS ENDED AFTER JUNE 30, 2013. |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 5000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 5500 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 9000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | 3 YEAR DEAL FROM CLASSICAL-OTHER AND THEATRE-OTHER |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | 2019 NEW MUSIC GRANT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | 2019 NEW MUSIC GRANT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | 2019 NEW MUSIC GRANT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | BROOKLYN YOUTH CHORUS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | SAN FRANCISCO CHAMBER ORCHESTRA |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | NEW MUSIC USA |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | MUSIC ASSOCIATION OF ASPEN INC |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 113129249 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 946130967 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 130432981 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 840445087 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 179 PACIFIC ST |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 601 VAN NESS AVE SUITE E-517 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 90 BROAD ST SUITE 1902 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 225 MUSIC SCHOOL ROAD |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | BROOKLYN |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | SAN FRANCISCO |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | NEW YORK |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | ASPEN |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | CA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | CO |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 11201 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 94102 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 10004 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 81611 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 4 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE TREASURER REVEIWS THE FORM 990 BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ALL DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 2328092 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 2154640 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 2706389 |
| IRS990/TotalAssetsEOYAmt | 0 | 2707041 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2706389 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2707041 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 148068 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 147409 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 180656 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 328065 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 10000 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 10000 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2696389 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2707041 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 180656 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 187233 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3416 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 338717 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2706389 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2707041 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 13467 |
| IRS990/TravelGrp/TotalAmt | 0 | 13467 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 59477 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 552401 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 7 WTC 250 GREENWICH ST |
| IRS990/USAddress/CityNm | 0 | NEW YORK |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 10007 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 0 |
| IRS990/WebsiteAddressTxt | 0 | BMIFOUNDATION.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2020-11-19 02:30:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DEIRDRE CHADWICK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6154012413 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-02-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BMI FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BMIF |
| ReturnHeader/Filer/EIN | 0 | 133249311 |
| ReturnHeader/Filer/PhoneNum | 0 | 6154012413 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7 WTC 250 GREENWICH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10007 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 762D05A90E0FB434533C18CDC0EDE92C9AA9B7F8 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 8.42.53.250 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-02-03 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 13:49:00 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621199757 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LBMC PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 1869 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BRENTWOOD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 370241869 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6153774600 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-02-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JILL HUDSON |
| ReturnHeader/ReturnTs | 0 | 2020-02-13T09:53:39-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-06-30 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.