B H Music Center
- Assets
- $54.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 10/1996
- Data as of
- 08/2023
- EIN
- 91-1704263
Organization Overview
B H Music Center is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, B H Music Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B H Music Center 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 08/2023, B H Music Center generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $5.9m during the year ending 08/2023. While expenses have increased by 1.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROTECT BENAROYA HALL FOR THE SEATTLE SYMPHONY AND OTHER ARTS AND CULTURAL ORGS.
Describe the Organization's Program Activity:
MAINTAINED A FACILITY, BENAROYA HALL, AS A CONCERT HALL FOR THE SEATTLE SYMPHONY ORCHESTRA AND AS A VENUE FOR MUSICAL PERFORMANCES, PUBLIC MEETINGS AND EVENTS BY OTHER ORGANIZATIONS INCLUDING OTHER ARTISTIC AND COMMUNITY GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Jackson Chihuly Board Chair | OfficerTrustee | 2 | $0 |
Kjristine Lund Secretary | OfficerTrustee | 2 | $0 |
Jim Duncan Treasurer | OfficerTrustee | 2 | $0 |
Dwight Dively Director | Trustee | 2 | $0 |
Nancy Evans Director | Trustee | 2 | $0 |
Isiaah Crawford Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Janitorial | 8/30/23 | $453,939 |
Allied Universal Security Services Security | 8/30/23 | $380,583 |
P2s Inc Hvac | 8/30/23 | $144,890 |
Reef Parking Parking Management | 8/30/23 | $136,158 |
Macdonald Miller Hvac | 8/30/23 | $132,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $377,556 |
| Government grants | $1,595,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,829,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,801,723 |
| Total Program Service Revenue | $1,907,786 |
| Investment income | $5,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$312,919 |
| Net Gain/Loss on Asset Sales | $5,523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,557,492 |
| 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 | $621,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,331 |
| Payroll taxes | $42,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,251 |
| Fees for services: Accounting | $93,812 |
| 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 | $250,828 |
| Information technology | $33,701 |
| Royalties | $0 |
| Occupancy | $1,949,359 |
| Travel | $988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,586,440 |
| Insurance | $202,166 |
| All other expenses | $0 |
| Total functional expenses | $5,877,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,258 |
| Savings and temporary cash investments | $3,674 |
| Pledges and grants receivable | $963,168 |
| Accounts receivable, net | $7,675 |
| 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 | $0 |
| Net Land, buildings, and equipment | $52,166,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,072,398 |
| Accounts payable and accrued expenses | $490,564 |
| Grants payable | $0 |
| Deferred revenue | $408,818 |
| 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 | $122,337 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,472,811 |
| Total liabilities | $2,494,530 |
| Net assets without donor restrictions | $50,374,842 |
| Net assets with donor restrictions | $1,203,026 |
| 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 | $54,072,398 |