Brooklyn Academy of Music Inc
Overview
Mission
The mission of bam is to be the home for curious people and adventurous ideas. Bam supports artistic experimentation and champions inclusion and accessibility throughout the arts as presenter, activator, and connector.
What it reported doing in 2024
Film programs - in fy2025, bam film served audiences through first run and film series that focused on presenting works by international and local filmmakers. Select first run films include: nosferatu, director robert eggers' atmospheric take on the 1922 silent film; the brutalist, the academy award-winning epic period drama by director brady corbet and starring adrian brody; and sinners, creator ryan coogler's highly acclaimed horror film starring michael b. Jordan. Select film series include contemporary arab cinema, featuring vital new works from bold filmmakers from the middle east and north africa; mirror of life: manoel de oliveira 1996-2004, exploring the newly restored works of prolific portuguese director manoel de oliveira; filmafrica, the cinematic component of bam's 48th annual danceafrica festival, which featured documentary and fictional works from across africa and the diaspora, with a special focus on films from and about mozambique; and the caribbean film series, bam's biannual series hosted in partnership with luminal theater and third horizon of diverse cinema from new and acclaimed filmmakers from the caribbean and the diaspora.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 112201344
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Brooklyn, NY, USA
- Phone
- 7186364100
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 89
- Accountability: 95
- Sustainability: 53
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73%; rating input score 73
- Program expense ratio: 75.8%; rating input score 76
- Fundraising efficiency: $6.42 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.8%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 1.95; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -8.2% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 73% of revenue deployed · 75.8% of spending went to programs
- Governance: 34 of 34 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $38.3M in reported program spending
- Leadership: top reported pay $611K · 52 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $859K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 10 filed schedules · includes major donors and executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Leadership & pay
52 people listed
Highest reported compensation
- GINA DUNCAN (PRESIDENT (OUTGOING)): $610,613 total reported compensation
- JENNIFER ANGLADE (CFO & VP OF FINANCE): $395,807 total reported compensation
- AMY CASSELLO (ARTISTIC DIRECTOR): $390,718 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.