2022-05-16T17:48:15-05:00 2021-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2020-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364110 30 LAFAYETTE AVENUE BROOKLYN NY 11217 JENNIFER ANGLADE CFO & VP OF FINANCE 7187248244 2021-05-15 1 JENNIFER ANGLADE 999009999 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2022-05-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z GINA DUNCAN 30 LAFAYETTE AVENUE BROOKLYN NY 11217 30072546 0 X WWW.BAM.ORG X 1861 NY BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 33 33 794 33 0 0 41878868 28862628 8747099 620368 20634 2452 1404821 86631 52051422 29572079 10613 2350 0 0 26958908 17561685 0 0 4874337 14694201 7882324 41663722 25446359 10387700 4125720 147044436 168013887 8501693 11187442 138542743 156826445 X BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 0 0 2179691 39423 FY2021 EDUCATION PROGRAMS BAM EDUCATION CONTINUED SERVING STUDENTS, FAMILIES, AND EDUCATORS THROUGH A RANGE OF VIRTUAL PROGRAMS THROUGHOUT FY21. BAM'S VIRTUAL IN-SCHOOL RESIDENCIES INCLUDED DANCEAFRICA IN THE CLASSROOM, WHICH ENGAGES STUDENTS IN GRADES K-8 IN THE DANCE, MUSIC, AND ARTISTIC TRADITIONS OF HAITI, IN CONJUNCTION WITH DANCEAFRICA 2021; AND WORD. SOUND. POWER. IN THE CLASSROOM, WHICH ENCOURAGES HIGH SCHOOL STUDENTS TO READ, WRITE, AND REFLECT THROUGH THE STUDY OF POETRY COMPOSITION AND SPOKEN WORD PERFORMANCE. BAM'S VIRTUAL AFTER-SCHOOL PROGRAMS INCLUDED BROOKLYN INTERNS FOR ARTS AND CULTURE, A COLLEGE PREPARATION AND CAREER READINESS PROGRAM FOR HIGH SCHOOL SENIORS, AND ARTS & JUSTICE, A DEVISED THEATER PROGRAM THAT EMPOWERS HIGH SCHOOL STUDENTS TO CREATE CHANGE IN THEIR COMMUNITY, WHICH CENTERED AROUND THE THEME OF "SEXISM AND GENDER IDENTITY" IN FALL 2020 AND "EQUITY" IN SPRING 2021. FINALLY, FROM FEBRUARY 20-28, 2021, BAM EDUCATION PRESENTED THE 23RD EDITION OF THE BAMKIDS FILM FESTIVAL, WHICH ENGAGED VIRTUAL AUDIENCES OF 838 IN 68 FILMS BY 103 FILMMAKERS FROM 27 COUNTRIES, AS WELL AS VIRTUAL MUSIC, DANCE, AND ANIMATION WORKSHOPS, A DANCE PERFORMANCE BY PILOBOLUS, YOGA AND MEDITATION SESSIONS, AND A DANCE PARTY. 1586521 222304 2021 WINTER/SPRING SEASON IN RESPONSE TO THE COVID-19 PANDEMIC, BAM PRESENTED A HYBRID VIRTUAL AND IN-PERSON 2021 WINTER/SPRING SEASON. HIGHLIGHTS FROM THE SEASON INCLUDE: DANCEAFRICA 2021 (VIRTUAL; MAY 29-JUNE 14, 2021), FEATURING LIVESTREAMED PERFORMANCES BY HAITIDANSCO (CAP HAITIEN, HAITI), RARA TOU LIMEN (OAKLAND, CA), ASEE DANCE THEATRE COLLECTIVE (BROOKLYN, NY), AND THE FRITZATION EXPERIENCE (BROOKLYN, NY); INFLUENCES, MONTREAL-BASED LE PATIN LIBRE'S EXHILARATING ICE-DANCE PERFORMANCE SHOWCASING THE COMPANY'S UNIQUE BLEND OF ATHLETICISM AND AESTHETICS; THIS PRODUCTION WAS BAM'S FIRST IN-PERSON LIVE PERFORMANCE IN OVER A YEAR (SAMUEL J. AND ESTHER LEFRAK CENTER AT LAKESIDE, PROSPECT PARK, APRIL 6-11, 2021); 1:1 CONCERTS, AN INTIMATE SERIES OF LIVE PERFORMANCES BETWEEN ONE AUDIENCE MEMBER AND ONE MUSICIAN, FEATURING MEMBERS OF SILKROAD ENSEMBLE AND GUESTS (BROOKLYN NAVY YARD, MAY 8-9 AND 15-16, 2021); AND ALESHEA HARRIS' ACCLAIMED PLAY, WHAT TO SEND UP WHEN IT GOES DOWN, WHICH BORE WITNESS TO THE PHYSICAL AND SPIRITUAL DEATHS OF BLACK PEOPLE AS A RESULT OF RACIST VIOLENCE, AND WAS PARTICULARLY RELEVANT IN THE WAKE OF THE BLACK LIVES MATTER MOVEMENT. (BAM FISHER; JUNE 20-JULY 11, 2021). 1067253 77798 FY2021 FILM PROGRAMS IN FY2021, BAM FILM SERVED IN-PERSON AND VIRTUAL AUDIENCES THROUGH A DIVERSE RANGE OF CINEMA FROM AROUND THE WORLD, WITH A FOCUS ON WORKS BY UNDERREPRESENTED FILMMAKERS. HIGHLIGHTS INCLUDE: OUR TIME MACHINE, DIRECTORS YANG SUN AND S. LEO CHIANG'S FILM ABOUT THE MAKING OF CHINESE ARTIST MALEONN'S AMBITIOUS NEW THEATER PROJECT IN RESPONSE TO LEARNING OF HIS FATHER'S ALZHEIMER'S DIAGNOSIS; NATIONTIME, A 4K RESTORATION OF WILLIAM GREAVES' LOOK AT THE 1972 NATIONAL BLACK POLITICAL CONVENTION IN ITS RARELY SCREENED FULL, 80-MINUTE FORM. IN ADDITION, BAM PRESENTED ITS FIRST-EVER VIRTUAL BAMCINEMAFEST IN 2021, WHICH FEATURED THE WORLD PREMIERE OF OUGIE PAK'S FEATURE FILM CLYTAEMNESTRA, WHICH EXPLORED THE TENSIONS THAT DEVELOP AMONG A DOMINEERING DIRECTOR, THE LEAD ACTRESS, AND OTHER COMPANY MEMBERS REHEARSING A NEW PRODUCTION; BASSAM TARIQ'S MOGUL MOWGLI, THE TALE OF A RISING RAPPER TORN BETWEEN A PROMISING MUSIC CAREER AND HIS TRADITIONAL PAKISTANI FAMILY; FRUITS OF LABOR, EMILY COHEN IBANEZ' DOCUMENTARY LOOK AT A MEXICAN-AMERICAN HIGH SCHOOL SENIOR WHO WORKS TO SUPPORT HER FAMILY WHILE FACED WITH THE EVER-PRESENT THREAT OF FAMILY SEPARATION DUE TO DEPORTATION; AND EDSON JEAN'S LUDI, THE TALE OF A HARDWORKING NURSE IN MIAMI DETERMINED TO WHATEVER IT TAKES TO SUPPORT HER FAMILY BACK IN HAITI. 10343404 2350 292576 EXPENSES IN THIS CATEGORY INCLUDE 2020 FALL SEASON, COMMUNITY AND ART PROGRAMMING. EXPENSES IN THIS CATEGORY ALSO INCLUDE OVERHEAD COSTS COVERING PRODUCTION MANAGEMENT, ARTIST SERVICES, MARKETING, AND BUILDING OPERATIONS ALL IN SUPPORT OF THE ORGANIZATION'S PROGRAMMING. BAM RENTS ITS THEATERS AND PUBLIC SPACES TO COMMERCIAL AND NON-PROFIT GROUPS, AS WELL AS COMMUNITY ORGANIZATIONS AND INDIVIDUALS. 10343404 2350 292576 15176869 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 157 0 1 794 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JENNIFER ANGLADE - CFO & VP OF FINANCE 7187248244 30 LAFAYETTE AVENUE BROOKLYN NY 11217 ADAM E MAX CHAIR (OUTGOING) 5.00 0.50 X X 0 0 0 ADAM WOLFENSOHN TRUSTEE 0.50 X 0 0 0 AHRIN MISHAN TRUSTEE 0.50 X 0 0 0 ALEXA DAVIDSON SUSKIN TRUSTEE 0.50 X 0 0 0 ANNA KUZMIK SAMPAS TRUSTEE (OUTGOING) 0.50 X 0 0 0 ANNE HUBBARD TRUSTEE 0.50 X 0 0 0 AXEL STAWSKI TRUSTEE 0.50 X 0 0 0 BARRY M FOX TRUSTEE 0.50 X 0 0 0 BARTHOLOMEW SHEEHAN III TRUSTEE 0.50 X 0 0 0 BRIAN STAFFORD TRUSTEE 0.50 X 0 0 0 BRIGITTE VOSSE TRUSTEE 0.50 X 0 0 0 CHERYL DELLA ROSA TRUSTEE 0.50 X 0 0 0 CLAIRE WOOD TRUSTEE 0.50 X 0 0 0 DAVID PICKET TRUSTEE 0.50 X 0 0 0 DIANE L MAX TRUSTEE 0.50 X 0 0 0 DINYAR S DEVITRE TRUSTEE 0.50 X 0 0 0 DOUG STEINER TRUSTEE 0.50 X 0 0 0 EDGAR LAMPERT TRUSTEE 0.50 X 0 0 0 FRANCES RESHESKE TRUSTEE 0.50 X 0 0 0 GORDON BOWEN TRUSTEE (OUTGOING) 0.50 X 0 0 0 JAMES I MCLAREN TREASURER 5.00 0.50 X X 0 0 0 JEANNE DONOVAN FISHER TRUSTEE 0.50 X 0 0 0 JOHN USDAN TRUSTEE 0.50 X 0 0 0 JOSEPH STERN TRUSTEE 0.50 X 0 0 0 KATY CLARK PRESIDENT (OUTGOING) 40.00 X X 294300 0 76669 LENNY H SINGLETARY TRUSTEE 0.50 X 0 0 0 LINDA CHINN TRUSTEE (OUTGOING) 0.50 X 0 0 0 LORRAINE LYNCH TRUSTEE (OUTGOING) 0.50 X 0 0 0 MARK DIKER TRUSTEE 0.50 X 0 0 0 MARYANNE GILMARTIN TRUSTEE 0.50 X 0 0 0 NATALIA CHEFER VICE CHAIR 5.00 X X 0 0 0 NORA ANN WALLACE CHAIR 5.00 0.50 X X 0 0 0 PEDRO J TORRES TRUSTEE (OUTGOING) 0.50 X 0 0 0 RICHARD E FELDMAN TRUSTEE 0.50 X 0 0 0 ROBERTA GARZA TRUSTEE 0.50 X 0 0 0 RUDOLPH CREW TRUSTEE (OUTGOING) 0.50 X 0 0 0 SCOTT MCDONALD TRUSTEE 0.50 X 0 0 0 STEVEN G FELSHER TRUSTEE 0.50 0.50 X 0 0 0 THERESE M ESPERDY TRUSTEE (OUTGOING) 0.50 X 0 0 0 TIMOTHY SEBUNYA VICE CHAIR 5.00 0.50 X X 0 0 0 TONY BECHARA TRUSTEE 0.50 X 0 0 0 WILLIAM I CAMPBELL VICE CHAIR 5.00 X X 0 0 0 YRTHYA DINZEY-FLORES TRUSTEE (OUTGOING) 0.50 X 0 0 0 COURTNEY KILLINGSWORTH CO-INTERIM PRES.,VP OF CREATIVE SOC IMPACT 40.00 X 143835 0 53378 DAVID BINDER ARTISTIC DIRECTOR 40.00 X 391208 0 46089 ELIZABETH N MOREAU CO-INTERIM PRES, ASSOCIATE VP & SR. PRODUCER 40.00 X 118997 0 27324 GINA DUNCAN VP, FILM & STRTGIC PROG (OUTGOING) 40.00 X 150799 0 32902 JENNIFER ANGLADE CO-INTERIM PRES.,CFO & VIP OF FIN 40.00 5.00 X 191429 0 60599 MARK JACKSON LEGAL COUNSEL & SECRETARY 35.00 X 108794 0 16323 PATRICK SCULLY VICE PRESIDENT & GEN. MGR. 40.00 X 151986 0 45734 ALLEN LEE ASSOCIATE VP, IT 40.00 X 160100 0 47993 MARY E REILLY DIR OF ARTIST SERV (OUTGOING) 40.00 X 169536 0 25682 SETH AZIZOLLAHOFF ASSOC VP, HR & FACILITIES 40.00 X 140143 0 36612 STACY MARGOLIS VP OF DEVELOPMENT 40.00 X 193901 0 74342 WILLIAM LYNCH DIRECTOR OF LEAD. GIFTS 40.00 X 155254 0 56430 KEITH STUBBLEFIELD CFO (FORMER) 40.00 X 409347 0 1930 2779629 0 602007 14 1 1 0 HUNTER ROBERTS CONSTRUCTION GROUP 55 WATER ST 51ST FLOOR NEW YORK NY 10041 CONSTRUCTION MANAGEMENT 10240295 MITCHELL GIURGOLA ARCHITECTS LLP 630 NINTH AVENUE NEW YORK NY 10036 ARCHITECT'S FEES 690252 KAUFF MCGUIRE & MARGOLIS LLP 950 THIRD AVE 14TH FLOOR NEW YORK NY 10022 LEGAL SERVICES 442203 SITUATION INTERACTIVE 469 7TH AVENUE STE 1300 NEW YORK NY 10018 ELECTRONIC MEDIA SERVICES 271506 STONE SIMON HASENAUERSTRASSE 30 WIEN AU ARTIST FEE 264898 16 732887 7687204 9034315 11408222 1631164 28862628 BAMART REVENUE 900099 278165 278165 PERFORMANCE INCOME 711110 264405 264405 BAM ROSE CINEMA 711110 77798 77798 620368 990 990 73 73 300275 437783 -137508 -137508 -137508 1462 0 1462 1462 1462 21140 732887 62684 -41544 -41544 MANAGEMENT FEES 561000 251522 251522 MISCELLANEOUS INCOME 900099 10271 10271 MAILING LIST 900099 2687 2687 1130 1130 265610 29572079 632101 0 77350 2350 2350 2089537 1110193 525346 453998 10551951 6464297 1769551 2318103 1043992 705601 146662 191729 2712992 1753905 424031 535056 1163213 740405 188384 234424 526666 2659 524007 45000 45000 1474767 496197 466557 512013 219514 198709 1331 19474 388196 12345 323481 52370 616325 605048 8352 2925 1599866 1584938 728 14200 113734 108527 838 4369 137171 137171 1669665 1006301 357827 305537 277767 3557 274210 PRODUCTION EXPENSES 394947 278405 28871 87671 HUMAN RESOURCES AND PER 162152 8234 153718 200 MISC. AND OPER. ALLOC. 130467 116 18752 111599 FILM RENTAL 42372 42372 83715 52710 336 30669 25446359 15176869 5395153 4874337 27975 25250 1613673 2502464 8040126 10915802 788946 741778 59656 47443 237650 507461 64256613 18251281 43140995 46005332 93135415 107268357 147044436 168013887 4700740 3803832 8225 2650593 2573896 3880700 1150360 920789 8501693 11187442 X 36293241 40120904 102249502 116705541 138542743 156826445 147044436 168013887 X 4125720 14157982 X X 0 1 X 1 0 X 36416552 39951167 39789029 41878868 28862628 186898244 36416552 39951167 39789029 41878868 28862628 186898244 1338724 185559520 1380535 2362002 3808279 6613665 301338 14465819 960063 1193824 721390 639515 286750 3801542 205165605 53027074 0.90440 0.88910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 748,278. 2017 AMOUNT: $ 64,122. 2018 AMOUNT: $ 142,158. 2019 AMOUNT: $ 310,077. 2020 AMOUNT: $ 10,271. FUNDRAISING REVENUE - 2016 AMOUNT: $ 211,785. 2017 AMOUNT: $ 685,860. 2018 AMOUNT: $ 92,595. 2019 AMOUNT: $ 1,800. 2020 AMOUNT: $ 21,140. MANAGEMENT FEES - 2017 AMOUNT: $ 203,441. 2018 AMOUNT: $ 201,570. 2019 AMOUNT: $ 252,608. 2020 AMOUNT: $ 251,522. BAZAAR INCOME - 2017 AMOUNT: $ 106,800. 2018 AMOUNT: $ 113,700. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. CONSULTING INCOME - 2017 AMOUNT: $ 12,733. 2018 AMOUNT: $ 8,350. 2019 AMOUNT: $ 5,692. 2020 AMOUNT: $ 0. MAILING LIST - 2017 AMOUNT: $ 16,496. 2018 AMOUNT: $ 27,292. 2019 AMOUNT: $ 4,940. 2020 AMOUNT: $ 2,687. CAFETERIA INCOME - 2017 AMOUNT: $ 93,741. 2018 AMOUNT: $ 101,525. 2019 AMOUNT: $ 60,989. BOUTIQUE SALES - 2017 AMOUNT: $ 10,631. 2018 AMOUNT: $ 34,200. 2019 AMOUNT: $ 3,409. 2020 AMOUNT: $ 1,130. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45000 45000 25401359 25446359 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 66000 72000 66000 45000 249000 250000 250000 250000 250000 1000000 1500000 66000 72000 66000 45000 249000 250000 1 92780429 21467 22119816 7687204 290492 106944016 101160417 72000 1450320 9599095 303213 92780429 99853636 50639 5946383 4449813 240428 101160417 95779598 2851674 9345991 7478996 644631 99853636 91574003 181650 13391193 8598441 768807 95779598 0.19600 0.80280 0.00120 0 1 1 2509919 1101747 1408172 16108373 12729490 3378883 5413776 4153747 1260029 40224545 266297 39958248 46005332 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 106944016 SECURITY DEPOSITS 44486 457B PLAN ASSETS 265110 STRAND THEATER TENANTS' RESERVE 14672 DUE FROM BAM ENDOWMENT TRUST 73 107268357 DUE TO NYC CIRS 920789 920789 X 29833570 -176292 -176292 30009862 -437783 -437783 29572079 25707850 437783 437783 25270067 176292 176292 25446359 PART V, LINE 4: THE ENDOWMENT FUNDS REPORTED IN PART V ARE BEING ADMINISTERED THROUGH THE BAM ENDOWMENT TRUST, A SUPPORTING ORGANIZATION AS DEFINED IN CODE SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE EARNINGS OF THE TRUST ARE USED EXCLUSIVELY TO ASSIST BAM IN CARRYING OUT ITS MISSION. PART X, LINE 2: BAM BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES -176,292. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -437,783. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 437,783. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES 176,292. 2021 BAM GALA 754027 732887 21140 7000 55323 361 754027 732887 21140 7000 55323 361 62684 -41544 X X X X X 1 1 0 0 0 0 0 0 0 DAVID BINDER ARTISTIC DIRECTOR 390204 0 0 0 1004 0 35340 0 10749 0 437297 0 0 0 KEITH STUBBLEFIELD CFO (FORMER) 67560 0 0 0 341787 0 0 0 1930 0 411277 0 0 0 KATY CLARK PRESIDENT (OUTGOING) 285966 0 0 0 8334 0 44921 0 31748 0 370969 0 0 0 STACY MARGOLIS VP OF DEVELOPMENT 174901 0 0 0 19000 0 47732 0 26610 0 268243 0 0 0 JENNIFER ANGLADE CO-INTERIM PRES.,CFO & VIP OF FIN 191215 0 0 0 214 0 48020 0 12579 0 252028 0 0 0 WILLIAM LYNCH DIRECTOR OF LEAD. GIFTS 152792 0 0 0 2462 0 44897 0 11533 0 211684 0 0 0 ALLEN LEE ASSOCIATE VP, IT 159898 0 0 0 202 0 26837 0 21156 0 208093 0 0 0 PATRICK SCULLY VICE PRESIDENT & GEN. MGR. 150529 0 0 0 1457 0 33205 0 12529 0 197720 0 0 0 COURTNEY KILLINGSWORTH CO-INTERIM PRES.,VP OF CREATIVE SOC 143624 0 0 0 211 0 22816 0 30562 0 197213 0 0 0 MARY E REILLY DIR OF ARTIST SERV (OUTGOING) 55905 0 0 0 113631 0 20822 0 4860 0 195218 0 0 0 GINA DUNCAN VP, FILM & STRTGIC PROG (OUTGOING) 119852 0 0 0 30947 0 29370 0 3532 0 183701 0 0 0 SETH AZIZOLLAHOFF ASSOC VP, HR & FACILITIES 139829 0 0 0 314 0 29413 0 7199 0 176755 0 0 0 PART I, LINES 4A-B THE FOLLOWING EMPLOYEES RECEIVED PAYMENTS DURING THE YEAR: - KEITH L. STUBBLEFIELD, RECEIVED A RETIREMENT SEPARATION PAYMENT OF $168,275. IN ADDITION, HE RECEIVED A DISTRIBUTION FROM A 457(B) RETIREMENT PLAN FOR $167,210. -MARY E. REILLY, RECEIVED A VOLUNTARY SEPARATION PAYMENT OF $108,193. -GINA DUNCAN, RECEIVED A VOLUNTARY SEPARATION PAYMENT OF $19,123. THESE AMOUNTS ARE REPORTED IN PART II, COLUMN B(III). PART II, LINE B (III) THE AMOUNTS IN COLUMN B(III) INCLUDES CONTRIBUTIONS TO A 457(B) RETIREMENT PLAN FOR CERTAIN PEOPLE. X 21 688692 AVG. HIGH/LOW X ENERGY SUPPORT 1 691346 FAIR MARKET VALUE X CIRS PENSION, GROUP LIFE INSURANCE AND ADMIN FEES 1 251126 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND IS REVIEWED BY MANAGEMENT. DRAFT VERSIONS OF THE TAX RETURNS ARE PRESENTED TO THE FULL BOARD FOR REVIEW AND COMMENT IN ADVANCE OF THE FILING DEADLINE. AFTER ANY NECESSARY REVISIONS, THE TAX RETURNS ARE FILED WITH THE APPROPRIATE AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT ARE REQUIRED TO REVIEW AND SIGN BAM'S CONFLICT OF INTEREST POLICY. WHEN A BIDDING SITUATION WITH A POTENTIAL CONFLICT ARISES, PROPOSALS FROM MULTIPLE SOURCES ARE REQUESTED. A SUBCOMMITTEE OF BAM'S BOARD GOVERNANCE COMMITTEE SERVES AS THE CONFLICT OF INTEREST COMMITTEE AND EVALUATES EACH CONFLICT OR POTENTIAL CONFLICT TO ENSURE THAT EACH BID MEETS THE CRITERIA SET FORTH IN BAM'S CONFLICT OF INTEREST POLICY. THOSE MEMBERS WITH A CONFLICT MAY NOT PARTICIPATE IN OR ATTEND AN AUTHORIZED BODY'S DELIBERATIONS OR VOTE ON THE CONFLICT OF INTEREST ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE CONSISTING OF INDEPENDENT TRUSTEES AND MEMBERS OF MANAGEMENT COMPLETED A COMPENSATION REVIEW. THE SALARY AND BENEFIT DATA FOR COMPARABLE ROLES WAS REVIEWED AND DISCUSSED. FOR TOP MANAGEMENT AND OFFICERS, A COMPENSATION TARGET AND RANGE WAS ESTABLISHED FOR EACH POSITION. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THROUGH ITS WEBSITE (WWW.BAM.ORG), BAM MAKES AVAILABLE ITS CONFLICT OF INTEREST POLICY AND ITS FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: INCREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST 14,163,587. CULTURAL INSTITUTIONS RETIREMENT SYSTEM -5,605. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. BAM ENDOWMENT TRUST 30 LAFAYETTE AVENUE BROOKLYN NY 11217 113112268 THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF BAM NY 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1