Berkeley Music Group

What it reported doing in 2024

Bmgs concert career pathways youth education program teaches young people ages 17 to 25 the technical, creative, and business aspects of concert and event promotion. Our concert career pathways education program (ccp) seeks to remove the barriers of entry into the music business for underserved communities. This nine month experimental workforce development program develops critical and creative thinking skills necessary to become successful in the 21st-century workplace. Bmgs hands-on work-based learning model is a combination of free workshops and paid internships where young people learn the best practices in essential jobs such as: production manager, event coordinator, stage manager, floor manager, box office operations, bar operations, talent buying, event budgeting, traditional marketing, social media marketing, promotions, community development, and more. Bmg offers these programs to youth attending local schools and underserved youth through partnerships with established nonprofit community organizations, and the general public. Bmgs ccp grads come from a diverse range of backgrounds; 50% are young women, 70% are people of color, over half are from low-income households. 80% of program graduates have been successfully placed in jobs, and most of them live up and down the hwy 80 corridor from san pablo to san leandro. In order to ensure that the program is accessible to young people for underserved communities, bmg formed an educational advisory committee, which is comprised of numerous nonprofit youth development organizations who work in these communities. Despite the wealth in the bay area, teenagers and young adults, particularly low-income youth of color, struggle to find educational opportunities that lead to living wage jobs. Ccp provides hands-on job experiences, fostering the understanding of work as an integral and satisfying aspect of life, and connecting youth passionate about music business to a field in which there are current job opportunities and career ladders. Now more than ever, removing the barriers to entry in the workforce for people of color and the lgbtq community is critical to embrace and support. In general, music industry management programs, like many industries in the united states, lack equity, diversity, and inclusion. The uc theatre believes that bringing together young leaders from a variety of backgrounds with diverse perspectives will help create a more equitable and diverse industry and provide a space for underserved youth to have their voices heard by their peers, some of whom come from more privileged backgrounds, providing exposure to and immersion in diverse voices and ideas. This unique management program supports up and coming leaders of the bay area that hold promise for reimagining the music industry in ways that advance intergenerational and multicultural leadership, inclusion and equity.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 90.4%; rating input score 90
• Fundraising efficiency: $2.77 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -14%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
• Liabilities to assets ratio: 0.39; rating input score 27; 27th percentile among comparable filings
• Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

• Program expense growth: 16.5% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 10.8% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 4.8% per year; rating input score 100; 33rd percentile among comparable filings