Brooklyn Academy Of Music Inc

Organization Overview

Brooklyn Academy Of Music Inc is located in Brooklyn, NY. The organization was established in 1969. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Brooklyn Academy Of Music Inc employed 794 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Academy Of 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 06/2021, Brooklyn Academy Of Music Inc generated $29.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $25.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS.

Describe the Organization's Program Activity:

FY2021 EDUCATION PROGRAMS BAM EDUCATION CONTINUED SERVING STUDENTS, FAMILIES, AND EDUCATORS THROUGH A RANGE OF VIRTUAL PROGRAMS THROUGHOUT FY21. BAM'S VIRTUAL IN-SCHOOL RESIDENCIES INCLUDED DANCEAFRICA IN THE CLASSROOM, WHICH ENGAGES STUDENTS IN GRADES K-8 IN THE DANCE, MUSIC, AND ARTISTIC TRADITIONS OF HAITI, IN CONJUNCTION WITH DANCEAFRICA 2021; AND WORD. SOUND. POWER. IN THE CLASSROOM, WHICH ENCOURAGES HIGH SCHOOL STUDENTS TO READ, WRITE, AND REFLECT THROUGH THE STUDY OF POETRY COMPOSITION AND SPOKEN WORD PERFORMANCE. BAM'S VIRTUAL AFTER-SCHOOL PROGRAMS INCLUDED BROOKLYN INTERNS FOR ARTS AND CULTURE, A COLLEGE PREPARATION AND CAREER READINESS PROGRAM FOR HIGH SCHOOL SENIORS, AND ARTS & JUSTICE, A DEVISED THEATER PROGRAM THAT EMPOWERS HIGH SCHOOL STUDENTS TO CREATE CHANGE IN THEIR COMMUNITY, WHICH CENTERED AROUND THE THEME OF "SEXISM AND GENDER IDENTITY" IN FALL 2020 AND "EQUITY" IN SPRING 2021. FINALLY, FROM FEBRUARY 20-28, 2021, BAM EDUCATION PRESENTED THE 23RD EDITION OF THE BAMKIDS FILM FESTIVAL, WHICH ENGAGED VIRTUAL AUDIENCES OF 838 IN 68 FILMS BY 103 FILMMAKERS FROM 27 COUNTRIES, AS WELL AS VIRTUAL MUSIC, DANCE, AND ANIMATION WORKSHOPS, A DANCE PERFORMANCE BY PILOBOLUS, YOGA AND MEDITATION SESSIONS, AND A DANCE PARTY.


2021 WINTER/SPRING SEASON IN RESPONSE TO THE COVID-19 PANDEMIC, BAM PRESENTED A HYBRID VIRTUAL AND IN-PERSON 2021 WINTER/SPRING SEASON. HIGHLIGHTS FROM THE SEASON INCLUDE: DANCEAFRICA 2021 (VIRTUAL; MAY 29-JUNE 14, 2021), FEATURING LIVESTREAMED PERFORMANCES BY HAITIDANSCO (CAP HAITIEN, HAITI), RARA TOU LIMEN (OAKLAND, CA), ASEE DANCE THEATRE COLLECTIVE (BROOKLYN, NY), AND THE FRITZATION EXPERIENCE (BROOKLYN, NY); INFLUENCES, MONTREAL-BASED LE PATIN LIBRE'S EXHILARATING ICE-DANCE PERFORMANCE SHOWCASING THE COMPANY'S UNIQUE BLEND OF ATHLETICISM AND AESTHETICS; THIS PRODUCTION WAS BAM'S FIRST IN-PERSON LIVE PERFORMANCE IN OVER A YEAR (SAMUEL J. AND ESTHER LEFRAK CENTER AT LAKESIDE, PROSPECT PARK, APRIL 6-11, 2021); 1:1 CONCERTS, AN INTIMATE SERIES OF LIVE PERFORMANCES BETWEEN ONE AUDIENCE MEMBER AND ONE MUSICIAN, FEATURING MEMBERS OF SILKROAD ENSEMBLE AND GUESTS (BROOKLYN NAVY YARD, MAY 8-9 AND 15-16, 2021); AND ALESHEA HARRIS' ACCLAIMED PLAY, WHAT TO SEND UP WHEN IT GOES DOWN, WHICH BORE WITNESS TO THE PHYSICAL AND SPIRITUAL DEATHS OF BLACK PEOPLE AS A RESULT OF RACIST VIOLENCE, AND WAS PARTICULARLY RELEVANT IN THE WAKE OF THE BLACK LIVES MATTER MOVEMENT. (BAM FISHER; JUNE 20-JULY 11, 2021).


FY2021 FILM PROGRAMS IN FY2021, BAM FILM SERVED IN-PERSON AND VIRTUAL AUDIENCES THROUGH A DIVERSE RANGE OF CINEMA FROM AROUND THE WORLD, WITH A FOCUS ON WORKS BY UNDERREPRESENTED FILMMAKERS. HIGHLIGHTS INCLUDE: OUR TIME MACHINE, DIRECTORS YANG SUN AND S. LEO CHIANG'S FILM ABOUT THE MAKING OF CHINESE ARTIST MALEONN'S AMBITIOUS NEW THEATER PROJECT IN RESPONSE TO LEARNING OF HIS FATHER'S ALZHEIMER'S DIAGNOSIS; NATIONTIME, A 4K RESTORATION OF WILLIAM GREAVES' LOOK AT THE 1972 NATIONAL BLACK POLITICAL CONVENTION IN ITS RARELY SCREENED FULL, 80-MINUTE FORM. IN ADDITION, BAM PRESENTED ITS FIRST-EVER VIRTUAL BAMCINEMAFEST IN 2021, WHICH FEATURED THE WORLD PREMIERE OF OUGIE PAK'S FEATURE FILM CLYTAEMNESTRA, WHICH EXPLORED THE TENSIONS THAT DEVELOP AMONG A DOMINEERING DIRECTOR, THE LEAD ACTRESS, AND OTHER COMPANY MEMBERS REHEARSING A NEW PRODUCTION; BASSAM TARIQ'S MOGUL MOWGLI, THE TALE OF A RISING RAPPER TORN BETWEEN A PROMISING MUSIC CAREER AND HIS TRADITIONAL PAKISTANI FAMILY; FRUITS OF LABOR, EMILY COHEN IBANEZ' DOCUMENTARY LOOK AT A MEXICAN-AMERICAN HIGH SCHOOL SENIOR WHO WORKS TO SUPPORT HER FAMILY WHILE FACED WITH THE EVER-PRESENT THREAT OF FAMILY SEPARATION DUE TO DEPORTATION; AND EDSON JEAN'S LUDI, THE TALE OF A HARDWORKING NURSE IN MIAMI DETERMINED TO WHATEVER IT TAKES TO SUPPORT HER FAMILY BACK IN HAITI.


EXPENSES IN THIS CATEGORY INCLUDE 2020 FALL SEASON, COMMUNITY AND ART PROGRAMMING. EXPENSES IN THIS CATEGORY ALSO INCLUDE OVERHEAD COSTS COVERING PRODUCTION MANAGEMENT, ARTIST SERVICES, MARKETING, AND BUILDING OPERATIONS ALL IN SUPPORT OF THE ORGANIZATION'S PROGRAMMING. BAM RENTS ITS THEATERS AND PUBLIC SPACES TO COMMERCIAL AND NON-PROFIT GROUPS, AS WELL AS COMMUNITY ORGANIZATIONS AND INDIVIDUALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hunter Roberts Construction Group
Construction Management
$10,240,295
Situation Interactive
Electronic Media Services
$271,506
Mitchell Giurgola Architects Llp
Architect's Fees
$690,252
Kauff Mcguire & Margolis Llp
Legal Services
$442,203
Stone Simon
Artist Fee
$264,898
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$732,887
Related organizations$7,687,204
Government grants $9,034,315
All other contributions, gifts, grants, and similar amounts not included above$11,408,222
Noncash contributions included in lines 1a–1f $1,631,164
Total Revenue from Contributions, Gifts, Grants & Similar$28,862,628
Total Program Service Revenue$620,368
Investment income $990
Tax Exempt Bond Proceeds $0
Royalties $73
Net Rental Income -$137,508
Net Gain/Loss on Asset Sales $1,462
Net Income from Fundraising Events -$41,544
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,572,079

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Brooklyn Academy Of Music Inc has recieved totaling $57,000.

Awarding OrganizationAmount
Epstein Philanthropies

New York, NY

PURPOSE: GENERAL PURPOSES

$50,000
David L Klein Jr Foundation

King Of Prussia, PA

PURPOSE: OPERATING SUPPORT

$5,000
De La Cour Family Foundation

Glen Cove, NY

PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET

$1,500
Brighton Foundation Trust

Cashiers, NC

PURPOSE: OPERATIONS

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$92,780,429
Earnings$22,119,816
Admin Expense$290,492
Net Contributions$21,467
Grants$7,687,204
Ending Balance$106,944,016

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