Universal Hip Hop Museum
- Assets
- $2.7m
- Revenue
- $630.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Bronx, NY
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 46-5278190
Organization Overview
Universal Hip Hop Museum is located in Bronx, NY. The organization was established in 2015. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Universal Hip Hop Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Hip Hop Museum 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 12/2022, Universal Hip Hop Museum generated $630.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSAL HIP HOP MUSEUM IN THE BRONX CELEBRATES AND PRESERVES THE HISTORY OF LOCAL AND GLOBAL HIP HOP MUSIC AND CULTURE TO INSPIRE, EMPOWER, AND PROMOTE UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE [R]EVOLUTION OF HIP HOP OFFERS AN IMMERSIVE JOURNEY THROUGH THE HISTORY OF HIP HOP. EMPLOYING ARCHIVES AND EXPERIMENTAL STORYTELLING TECHNIQUES, THE EXPERIENCE DELVES INTO THE FIVE CORE ELEMENTS OF HIP HOP: MC-ING, DJ-ING, BREAKDANCING, AEROSOL ART, AND KNOWLEDGE.
IN 2022, OUR INSTITUTION CONTINUED ITS PURSUIT OF ESTABLISHING A WORLD-CLASS MUSEUM. OUR PROGRAMMING AIMED TO CAPTIVATE THE PUBLIC WITH INNOVATIVE EXPERIENCES, INCLUDING FIRESIDE CHATS WITH HIP HOP ICONS AND MUSICAL SHOWCASES. THANKS TO THE SUPPORT OF THE SIMONS FOUNDATION, WE SUCCESSFULLY LAUNCHED THE HIP HOP SCIENCE PROJECT (HHS), DESIGNED TO INTRODUCE MIDDLE AND HIGH SCHOOL-AGED STUDENTS TO THE FASCINATING INTEGRATION OF SCIENCE, TECHNOLOGY, AND HIP HOP. THE PRIMARY OBJECTIVE OF THE PROGRAM IS ROOTED IN ENGAGING PARTICIPANTS THROUGH LEARNING AND FOSTERING COMMUNITY STRENGTH THROUGH CULTURAL INVOLEMENT AND UNDERSTANDING.
WE INITIATED THE UHHM BUSINESS OF MUSIC INSTITUTE: PITCH PERFECT SUMMER MUSIC CAMP, GENEROUSLY SUPPORTED BY WARNER MUSIC GROUP/BLAVATNIK FAMILY FOUNDATION SOCIAL JUSTICE FUND. THIS FIVE-WEEK PROGRAM PROVIDED YOUTH WITH INSIGHTS INTO VARIOUS ROLES IN THE MUSIC INDUSTRY, BUSINESS PLANNING, AND FINANCIAL CAPABILITIES. MOREOVER, OUR PROGRAMS BLEND ACADEMIC SKILLS WITH LEADERSHIP DEVELOPMENT, ARTISTIC ACTIVITIES, AND CRITICAL THINKING EXERCISES, EXPOSING PARTICIPANTS TO NEW IDEAS AND POSSIBILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bucano Executive Director | OfficerTrustee | 40 | $60,400 |
Adam Silverstein Trustee | Trustee | 40 | $0 |
Peter Bittenbender Trustee | Trustee | 1 | $0 |
Bruce Jackson Trustee | Trustee | 1 | $0 |
Stephon Alexander Trustee (through December 2022) | Trustee | 35 | $100,000 |
Robert Reid Treasurer | OfficerTrustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,235 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,498 |
| Total Program Service Revenue | $79,848 |
| 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 | $2,489 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $630,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,400 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $14,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,948 |
| Fees for services: Management | $52,587 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $60,100 |
| Fees for services: Fundraising | $43,650 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,900 |
| Advertising and promotion | $163,720 |
| Office expenses | $35,483 |
| Information technology | $77,362 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,675 |
| All other expenses | $14,984 |
| Total functional expenses | $1,598,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,686 |
| Savings and temporary cash investments | $2,279 |
| Pledges and grants receivable | $1,758,082 |
| Accounts receivable, net | $2,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,710 |
| Net Land, buildings, and equipment | $593,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $2,719,194 |
| Accounts payable and accrued expenses | $602,025 |
| 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 | $602,025 |
| Net assets without donor restrictions | $173,445 |
| Net assets with donor restrictions | $1,943,724 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,719,194 |
Grants Awarded
Over the last fiscal year, Universal Hip Hop Museum has awarded $65,776 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DREAM YARD PRODUCT | | | $32,888 |
SOMOS HEALTHCARE PROVIDERS | | | $32,888 |