B H Music Center
- Assets
- $60.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Seattle, WA
- Founding
- 10/1996
- Data as of
- 08/2020
- 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 08/2021, B H Music Center employed 7 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 08/2020, B H Music Center generated $1.6m 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 (3.1%) each year. All expenses for the organization totaled $5.5m during the year ending 08/2020. 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
2020
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:
Part 3 - Line 4a
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. WHILE THE COVID PANDEMIC PREVENTED IN PERSON ATTENDANCE AT THE FACILITY, THE ORCHESTRA AND OTHER ARTISTIC GROUPS WERE ABLE TO STREAM EVENTS, OFTEN AT NO COST OR FOR REDUCED TICKET PRICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Schwab Vice Chair | OfficerTrustee | 2 | $0 |
Kjristine Lund Secretary | OfficerTrustee | 2 | $0 |
Jim Duncan Treasurer | OfficerTrustee | 2 | $0 |
Leslie Jackson Chihuly Chair | OfficerTrustee | 2 | $0 |
Krishna Thiagarajan President & CEO | Officer | 1 | $0 |
Cheronne Wong Vice President & CFO | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gca Services Group Janitorial Services | 8/30/21 | $376,257 |
Tk Elevator Elevator Services | 8/30/21 | $105,708 |
Northwest Security Services Inc Security Services | 8/30/21 | $340,008 |
Imperial Parking (Us) Llc Parking Services | 8/30/21 | $123,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $542,830 |
| Investment income | $20,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$359,097 |
| 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 | $1,629,830 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $379,792 |
| Pension plan accruals and contributions | $236 |
| Other employee benefits | $80,498 |
| Payroll taxes | $34,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,471 |
| Fees for services: Accounting | $39,040 |
| 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 | $39,543 |
| Information technology | $1,279 |
| Royalties | $0 |
| Occupancy | $425,152 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,535,246 |
| Insurance | $151,039 |
| All other expenses | $0 |
| Total functional expenses | $5,482,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,932 |
| Savings and temporary cash investments | $59,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,802 |
| 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 |
| Investments—publicly traded securities | $940,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,522,561 |
| Accounts payable and accrued expenses | $478,594 |
| Grants payable | $0 |
| Deferred revenue | $285,569 |
| 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 | $462,574 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,245,295 |
| Total liabilities | $2,472,032 |
| 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 |
| Total liabilities and net assets/fund balances | $58,050,529 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that B H Music Center has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY PURPOSE: COVID-19 ASSISTANCE | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Sun Valley Summer Symphony Inc Sun Valley, ID | $21,678,504 | $4,964,216 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Sun Valley Center For The Arts Inc Sun Valley, ID | $8,382,045 | $3,240,614 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Sun Valley Performing Arts Center Inc Sun Valley, ID | $17,237,696 | $2,348,449 |
Festival At Sandpoint Inc Sandpoint, ID | $563,215 | $2,220,339 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Craterian Performances Company Medford, OR | $5,606,742 | $1,921,347 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |