Black Music Action Coalition Inc

Nonprofit profile at a glance

EIN
920894392
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
West Hollywood, CA, USA
Phone
6153090969
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$2,059,123
Expenses
$2,522,416
Assets
$1,777,119
Liabilities
$110,085

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • WILLIE STIGGERS (President & CEO)
  • SHAWN HOLIDAY (Vice President)
  • CARON VEAZEY (Vice President)
  • ASHAUNNA AYARS (Vice President)
  • NAIMA COCHRANE (Vice President)

Highest reported compensation

  • WILLIE STIGGERS (President & CEO): $77,035 total reported compensation
  • ANN GILBERTSON HAGGART (Director): $55,465 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Black music action coalition ("bmac") works to create a unified force of action for equity and justice within the music industry and to use the power of our collective voice to improve communities and drive systemic change. Bmac advocates on behalf of artists, songrwriters, producers, managers, agents, executives, and lawyers to create access, equity and opportunity. Bmac works together with business leaders to hold companies accountable and ensure change takes root. Bmac works to drive policy change around social and racial justice and protection of artists with a focus on causes that directly impact communities.

What it reported doing in 2024

BMAC x Rock & Rolls Hall of FameMusic Maker Guaranteed Income and Mentorship Program - BMAC and the Rock & Roll Hall of Fame joined forces for a collaboration to support emerging music artists from across the country through the BMAC x Rock & Rolls Hall of Fame Music Maker Guaranteed Income and Mentorship Program. The program was designed to create economic empowerment and access to the music industry. BMAC and the Rock & Roll Hall of Fame provided a year of economic support, and mentorship support to emerging music Artists and music industry professionals. The year of economic support assisted with basic needs such as rent, utilities and food, as well as opened the door for previously challenging career moves such as studio time, travel for shows or networking opportunities, marketing, and even legal services. In addition to economic support, the coalition provided industry exposure, and visibility with BMAC and Rock & Roll Hall of Fame members and industry leaders and the chance for future mentorship or career opportunities. This program built on the previous BMAC program that finished in 2024, the BMAC x Academy of Country Music Guaranteed Income & Support Services Program that provided economic support and mentorship to emerging artists and music executives in Nashville, TN.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 59
  • Accountability: 50
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 95
  • Program expense ratio: 77.9%; rating input score 78
  • Fundraising efficiency: $32.29 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 0th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 6th percentile among comparable filings
  • 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: 0 of 9 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -22.5%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -69.4% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -25.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 77.9% of spending went to programs
  • Governance: 6 of 7 board members independent · 0 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $77K · 8 people listed
  • Consistency: 22 of 24 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 8 of 8 not reported.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 52/100.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.