Building Bridges Through Music Inc
- Assets
- $124.3k
- Revenue
- $432.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Lynn, MA
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 02-0539062
Organization Overview
Building Bridges Through Music Inc is located in Lynn, MA. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Building Bridges Through Music Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Bridges Through Music Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Building Bridges Through Music Inc generated $432.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $351.4k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AN AFTER SCHOOL AND SUMMER MUSIC PROGRAMSFOR APPROXIMATELY 25 ELEMENARY SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AN AFTER SCHOOL AND SUMMER MUSIC PROGRAMSFOR APPROXIMATELY 25 ELEMENARY SCHOOL STUDENTS DOR 2021.THIS PROGRAM SERVICE IS SYNONYMOUS WITH ITS PRIMARY EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence Peacock-Makkers President & Treasurer | OfficerTrustee | 20 | $0 |
Doreen Murray Clerk | OfficerTrustee | 60 | $0 |
Dawn Duncan Director | Trustee | 0 | $0 |
David Murray Director | Trustee | 0 | $0 |
Diana Chakotis Director | Trustee | 0 | $0 |
Kenneth Adinkra Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $332,106 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,106 |
| Total Program Service Revenue | $100,537 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,553 |
| All other expenses | $0 |
| Total functional expenses | $351,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,970 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $124,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $124,302 |
| Total liabilities and net assets/fund balances | $124,302 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Building Bridges Through Music Inc has recieved totaling $90,550.
| Awarding Organization | Amount |
|---|---|
Amelia Peabody Foundation Wellesley, MA PURPOSE: BBTM COVID-19 CAPITAL NEEDS | $40,000 |
The Lenny Zakim Fund Inc Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Willard C Tilson Foundation Exeter, NH PURPOSE: ONGOING OPERATIONAL SUPPORT | $20,000 |
Steve Glidden Foundation Newton Centre, MA PURPOSE: Camper scholarships | $8,050 |
East Boston Saving Bank Charitable Foundation Inc Rockland, MA PURPOSE: EXEMPT PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Mercy Life Inc West Springfield, MA | $6,533,362 | $24,380,335 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Brothers Of Mercy Of Montabaur Apartment Complex Inc Clarence, NY | $17,902,885 | $4,243,633 |
Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |