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New York BBB Wise Giving Report for
Brooklyn Academy of Music

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
12/2015
Name:
Brooklyn Academy of Music
Address:
30 Lafayette Avenue
Brooklyn, NY 11217
Phone:
718-636-4100
Web Site:
Year, State Incorporated:
1969, New York
Affiliates:
None
Stated Purpose:
" To be the home for adventurous artists, audiences, and ideas. "






Evaluation Conclusions
 

              
Brooklyn Academy of Music (BAM) meets the 20 Standards for Charity Accountability.




Programs
 

              
Brooklyn Academy of Music's (BAM) current programming consists of: The Next Wave Festival featuring international performances each autumn; BAM Theater presenting international theater presentations each spring; BAM Opera presenting new productions of opera not usually included in the standard repertoire, including baroque opera and works of the 20th century. BAM's Education and Humanities programs provide young people with performance programs and special in-school and on-site initiatives, as well as contextual programming for adult audiences. BAM's annual DanceAfrica Festival is the largest festival of African and African-American dance in the nation. BAM's new four-screen BAM Rose Cinemas feature first-run independent films as well as retrospectives and special festivals that relate to live mainstage productions.



Governance
 

              
Chief Executive Officer:
Ms. Karen Brooks Hopkins, President
Compensation*:
$356,458
Chair of the Board:
Mr. Alan H. Fishman
Chair's Profession / Business Affiliation:
Chairman / Ladder Capital Finance
Board Size:
66
Paid Staff Size:
826



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, grant proposals, internet, planned giving arrangements
Fund raising costs were 22.7% of related contributions. (Related contributions, which totaled $21,473,315, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on BAM's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Performance and co-presenter income

$17,626,187

Private support

12,934,459

Net assets released from restrictions

10,911,577

Rentals, BAMart sales, interest and other income

4,122,112

Distribution from BAM Endowment Trust

3,008,640

The City of New York

2,937,234

BAM Rose Cinema

2,851,774

Special events revenue

1,782,389

Federal government support

1,194,976

New York State support

234,350

Less: direct special event expenses

(618,733)

Total Income

$56,984,965

Program Expenses  

Program services

$46,107,811
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

46,107,811
4,871,587
3,189,729

$54,169,127

$2,815,838




Uses of Funds as a % of Total Expenses


Programs: 85%  Fund Raising: 9%  Administrative 6% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $136,972,965
Ending net assets 157,890,694
Total liabilities 9,529,896

Total assets

$167,420,590






 

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