Civic Intelligence

Building Arts and Minds Inc

990 • Fiscal year 2019 • EIN 82-1890163

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 08, 2020

Organization Profilewww.baamarts.org
1706 Selma AveHalethorpe, MD 21227

(410) 242-6082

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$12,948

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

97th percentile

359%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

1164%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$13,174

Up $10,306 (+359%) from 2018

Net Assets

Up

$13,174

Up $10,306 (+359%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin69th percentile

Revenue

Up

$72,041

Up $66,341 (+1164%) from 2018

Expenses

Up

$61,735

Up $58,903 (+2080%) from 2018

Net Income

Up

$10,306

Up $7,438 (+259%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$20K$15K$10K$5.0K$0Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $2,868Liabilities 2018: $0Net Assets 2018: $2,8682018Assets 2019: $13,174Liabilities 2019: $0Net Assets 2019: $13,1742019Assets 2020: $15,423Liabilities 2020: $0Net Assets 2020: $15,4232020Assets 2021: $21Liabilities 2021: $0Net Assets 2021: $212021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$13,174
Liabilities$0
Net Assets$13,174
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$100K$50K$0-$50KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $5,700Expenses 2018: $2,832Net Income 2018: $2,8682018Revenue 2019: $72,041Expenses 2019: $61,735Net Income 2019: $10,3062019Revenue 2020: $83,031Expenses 2020: $63,817Net Income 2020: $19,2142020Revenue 2021: $55,350Expenses 2021: $70,752Net Income 2021: -$15,4022021Revenue 2022: $273Expenses 2022: $294Net Income 2022: -$212022

Highlighted filing

2019

Revenue$72,041
Expenses$61,735
Net Income$10,306
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 8, 2020
Return Version
2018v3.0
Gross Receipts
$72,041
Mission and Program Overview

Mission

Building Arts And Minds, Inc.'s (BAAM!) mission is: making art, improving minds. BAAM! is a newly incorporated arts-integrated, nonprofit dedicated to providing renewably-delivered, Out-of-School time and lifetime education, psychological well-being activities, and social connection programming to high school students, senior citizens and artists of all ages.

Building Arts And Minds, Inc.'s (BAAM!) mission is: making art, improving minds. BAAM! is an arts-integrated, nonprofit dedicated to providing renewably-delivered, Out-of-School time and lifetime education, psychological well-being activities, and social connection programming to high school students, senior citizens and artists of all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,868$13,174▲ $10,306
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$2,868$13,174▲ $10,306
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,868$13,174▲ $10,306
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,868$13,174▲ $10,306
Total Liabilities and Net Assets / Fund Balance$2,868$13,174▲ $10,306
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis SykesCEOFT$12,948$12,948
Nancy HolterPresidentPT$8,333$8,333
Revenue and Support

Revenue Composition

Contributions and Grants
$72,041
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$72,041
Change in Net Assets
$10,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,053
Salaries, Compensation, and Employee Benefits$25,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,282$1,164-$22,446
Fees for Services Other$11,502--$11,502
Office Expenses$1,333$7,814-$9,147
Insurance$3,556--$3,556
Payroll Taxes$3,036--$3,036
Occupancy$2,910--$2,910
Information Technology$1,883$735-$2,618
Travel$2,123--$2,123
Fees for Services Management$1,668--$1,668
Advertising$1,426--$1,426
Fees for Services Accounting$1,014--$1,014
Pension Plan Contributions$200--$200
Conferences and Meetings$89--$89
Total Functional Expenses$52,022$9,713$0$61,735
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
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 11B

“On the date the form was drafted, the signatory officer who prepared the form shared it in hard copy with other directors.”

Form 990, Part VI, Section B, Line 12C

“Standard operating procedures are designed to follow Bylaws, Conflict of Interest and non-discrimination policies. As currently operated by its founders, Building Arts And Minds has full awareness of its adherence to compliance as set forth in its incorporating and tax exempt filing documents. All expenses above $50 are currently reviewed by organizational officers.”

Form 990, Part VI, Section B, Line 15

“Building Arts And Minds began compensating its CEO on September 1, 2018. The annual review of Maryland Nonprofits' Annual Compensation survey, along with annual Chronicle of Philanthropy data, were used and continue to be used as reference points for employee compensation levels. Compensation levels have been endorsed and approved by independent organizations as part of written grant contracts and memorandum of agreement.”

Form 990, Part VI, Section C, Line 19

“Building Arts And Minds listing on its website as a 501(c)3 organization identifies it as a public charity whose documents are mandated to made available accordingly. Documents are disseminated to individual and organizational stakeholders upon request and as part of proposal and reporting documents and thereby made available on several donor information platforms.”

Filing and Contact Details

Filer

Filer Name
Building Arts and Minds Inc
EIN
82-1890163
Phone
4102426082
Address
1706 Selma Ave, Halethorpe, MD 21227
Doing Business As
Baam

Signing Officer

Name
Dennis Sykes
Title
CEO
Phone
4102426082
Signed
2020-01-08

Organization Details

Principal Officer
Dennis Sykes
Formed
2017
Legal Domicile
Md
Voting Board Members
2
Independent Board Members
1
Employees
0
Volunteers
12
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Art program costs.”

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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/ProgSrvcAccomActy2Grp/Desc0BAAM-Arts students designed, created and installed a large mosaic, 21 feet long by five feet high and decorated with huge blue tile letters spelling "PATTERSON" surrounded by tiles depicting the flags of the countries of origin of Baltimore's Patterson High School students, set into a border of mirrored tiles that reflect brilliant flickers of light -- mounted 15 feet above the ground on the Patterson school building.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On the date the form was drafted, the signatory officer who prepared the form shared it in hard copy with other directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Standard operating procedures are designed to follow Bylaws, Conflict of Interest and non-discrimination policies. As currently operated by its founders, Building Arts And Minds has full awareness of its adherence to compliance as set forth in its incorporating and tax exempt filing documents. All expenses above $50 are currently reviewed by organizational officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Building Arts And Minds began compensating its CEO on September 1, 2018. The annual review of Maryland Nonprofits' Annual Compensation survey, along with annual Chronicle of Philanthropy data, were used and continue to be used as reference points for employee compensation levels. Compensation levels have been endorsed and approved by independent organizations as part of written grant contracts and memorandum of agreement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Building Arts And Minds listing on its website as a 501(c)3 organization identifies it as a public charity whose documents are mandated to made available accordingly. Documents are disseminated to individual and organizational stakeholders upon request and as part of proposal and reporting documents and thereby made available on several donor information platforms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Art program costs.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt052022
IRS990/TotalFunctionalExpensesGrp/TotalAmt061735
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IRS990/USAddress/AddressLine1Txt01706 Selma Ave
IRS990/USAddress/CityNm0Halethorpe
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021227
IRS990/VotingMembersGoverningBodyCnt02
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IRS990/WebsiteAddressTxt0www.baamarts.org
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0As the person responsible for fling the Form 990 for Building Arts And Minds Inc, I affirm the following causes for the organization's late filing of this Form: 1. In the organization's second year of existence, the increase in the amount of revenues and resultant complexities of expense accounting delayed the completion of the supporting accounting documentation for this fiscal year. The delay in filing and requesting an extension, which was due to our one-person administration being behind in accounting responsibilities, was exacerbated by a delay in a funding source that led to increased effort being dedicated to the generation of emergency revenues. Additionally, the same funding source was the subject of an audit by the City Attorney General, that included Building Arts And Minds, as one of a select group of grantees, to have its past year's expenses audited, which resulted in subjecting our financial records to scrutiny of expenses - with the possibility of demanding grant repayment - that affected our ability to finalize the past years records until after approval of final documents submitted on November 19, 2019. The care and prudence of our operations were confirmed by the audit results and we remain committed to maintaining the highest standards of accuracy and timeliness in our compliance filings. Once the accounting information was collected and verified, the preparation of the Form 990 was accomplished with a facility that reassures us that we need not divert similar resources to Form preparation in future years. Further, we do not anticipate another grant agreement finalized in August of one year to stretch until November of the following year, which was the case this year.
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis Sykes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04102426082
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUILDING ARTS AND MINDS INC
ReturnHeader/Filer/BusinessNameControlTxt0BUIL
ReturnHeader/Filer/EIN0821890163
ReturnHeader/Filer/PhoneNum04102426082
ReturnHeader/Filer/USAddress/AddressLine1Txt01706 Selma Ave
ReturnHeader/Filer/USAddress/CityNm0Halethorpe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021227
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.16.75.187
ReturnHeader/ReturnTs02020-01-08T16:09:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,174
Liabilities
$0
Net assets
$13,174
Revenue
$72,041
Expenses
$61,735
Net income
$10,306
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.27$0.29$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$55.4$70.8$15.4
2020Detailed filing. Detailed filing data is available for this year.$15.4$0.00$15.4$83.0$63.8$19.2
2019Detailed filing. Detailed filing data is available for this year.$13.2$0.00$13.2$72.0$61.7$10.3
2018Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$5.70$2.83$2.87
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00