2020-07-09T19:48:44-05:00 2019-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364110 30 LAFAYETTE AVENUE BROOKLYN NY 11217 JENNIFER ANGLADE CFO 7187248244 2020-07-09 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-07-08 24.146.222.31 2020-07-09 12:53:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F7BBFA6259344C32E569AC7E54D1F40DDD1EEA94 2018 2021-01-29 14:40:06Z KATY CLARK 30 LAFAYETTE AVENUE BROOKLYN NY 11217 57219824 0 X WWW.BAM.ORG X 1861 NY BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 47 45 1201 44 74470 -89842 39951169 39789029 15112248 12895785 3361 5995 1075699 668824 56142477 53359633 0 19394 0 0 29941952 30531158 0 0 8410709 21876161 20085310 51818113 50635862 4324364 2723771 140298266 156317779 7626776 19708250 132671490 136609529 X BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 0 0 6662094 3022867 NEXT WAVE FESTIVAL 2018 IN FALL 2018, THE 36TH EDITION OF THE NEXT WAVE FESTIVAL FEATURED 110 PERFORMANCES OF 26 PRESENTATIONS BY ARTISTS FROM NINE COUNTRIES, INCLUDING: AUSTRALIA, DENMARK, GERMANY, JAPAN, RUSSIA, SPAIN, SWEDEN, THE UNITED KINGDOM, AND THE UNITED STATES. THE FESTIVAL REACHED A TOTAL AUDIENCE OF 67,588. HIGHLIGHTS FROM THE 2018 NEXT WAVE FESTIVAL INCLUDED: THE NEW YORK PREMIERE OF HUMANS, A NOUVEAU CIRQUE PIECE FROM AUSTRALIA'S CONTEMPORARY CIRCUS COMPANY CIRCA (OCTOBER 3-6, 2018); TRISHA BROWN DANCE COMPANY, A TRIPLE-BILL PERFORMANCE OF EARLY WORKS FROM LATE CHOREOGRAPHER TRISHA BROWN (OCTOBER 10-13, 2018); THE RETURN OF PHILIP GLASS' LEGENDARY OPERA SATYAGRAHA, WHICH TELLS THE STORY OF YOUNG MAHATMA GANDHI, PRESENTED BY SWEDEN'S CIRKUS CIRKOR AND FOLKOPERAN (OCTOBER 31-NOVEMBER 4, 2018); AND THE NEW YORK PREMIERE OF HALFWAY TO DAWN, CHOREOGRAPHER DAVID ROUSSEVE'S DANCE PIECE CELEBRATING THE LIFE AND WORK OF AMERICAN JAZZ COMPOSER BILLY STRAYHORN (DECEMBER 5-8, 2018). 5631496 2837879 WINTER/SPRING 2019 BAM'S 2019 WINTER/SPRING SEASON REACHED AN AUDIENCE OF 58,306 THROUGH 15 PRESENTATIONS OF THEATER, MUSIC, DANCE, AND OPERA WORKS FROM TEN COUNTRIES INCLUDING BRAZIL, CANADA, FRANCE, HUNGARY, ISRAEL, THE NETHERLANDS, RWANDA, SENEGAL, SWITZERLAND, AND THE UNITED STATES. PRESENTATIONS INCLUDED: THEATRE DE LA VILLE'S IONESCO SUITE, A MASH-UP OF EUGENE IONESCO'S MOST FAMOUS ABSURDIST PLAYS, DIRECTED BY EMMANUEL DEMARCY-MOTA (JANUARY 23-26, 2019); VENEZUELA, BATSHEVA DANCE COMPANY AND OHAD NAHARIN'S EVENING-LENGTH WORK EXPLORING REPETITION AND VARIATION (MARCH. 27-30, 2019); BRAZILIAN PERFORMER CAETANO VELOSO IN OFERTORIO, FEATURING THE CELEBRATED ARTIST ACCOMPANIED BY HIS SONS MORENO, ZECA, AND TOM VELOSO (APR. 12-13, 2019); RWANDA REBORN: THE REMIX AS BAM'S 42ND ANNUAL DANCEAFRICA FESTIVAL, A WEEKLONG CELEBRATION OF MUSIC, DANCE, ART, AND FILM FROM AFRICA AND THE AFRICAN DIASPORA, FEATURING RWANDAN COMPANY INGANZO NGARI (MAY 24-27, 2019); AND THE BAM DEBUT OF BALLET BRITISH COLUMBIA (BALLET BC), MARKING THE COMPANY'S DECENNIAL ANNIVERSARY UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR EMILY MOLNAR (JUNE 13-15, 2019). 5089308 3605007 BAM FILM FY2019 IN FY19, BAM FILM'S REPERTORY PROGRAM PRESENTED OVER 400 FILM SCREENINGS ACROSS 30 DISTINCT SERIES. SEASON HIGHLIGHTS INCLUDED: PIONEERS: FIRST WOMEN FILMMAKERS, WHICH FOCUSED ON RARELY SEEN WORKS BY WOMEN DIRECTORS DURING THE SILENT-FILM ERA OF AMERICAN CINEMA (JULY 20-26, 2018); SAY IT LOUD: CINEMA IN THE AGE OF BLACK POWER (AUGUST 17-30, 2018), WHICH PRESENTED FILMS THAT BOTH REFLECTED AND WORKED TO FURTHER THE CAUSE OF AFRICAN-AMERICAN LIBERATION; AND THE ANARCHIC CINEMA OF VERA CHYTILOVA, A RETROSPECTIVE OF THE GROUNDBREAKING CZECHOSLOVAK DIRECTOR (APRIL 10-28, 2019). FROM JUNE 12-23, 2019, BAM FILM PRESENTED THE TENTH ANNUAL BAMCINEMAFEST, WHICH FEATURED THE NEW YORK PREMIERES OF: LULU WANG'S THE FAREWELL, A WARM, BITTERSWEET LOOK AT THE INTRICACIES OF FAMILY DYNAMICS FEATURES A BRAVURA BREAKOUT PERFORMANCE FROM AWKWAFINA AS A WRITER LIVING IN NEW YORK WHO TRAVELS BACK TO HER HOMETOWN IN CHINA FOR A WEDDING CELEBRATION; GIVE ME LIBERTY, KIRILL MIKHANOVSKY'S EXAMINATION OF AMERICAN DREAMS AND DISENCHANTMENT THROUGH THE TALE OF A MEDICAL TRANSPORT DRIVER'S LIFE THAT GOES FROM HECTIC TO OFF THE RAILS; AND BRETT STORY'S THE HOTTEST AUGUST, A LOOK INTO OUR INSECURITIES AND ANXIETIES IN THE CONTEXT OF GLOBAL WARMING AND INCREASING INEQUALITY. 20066133 19394 3355562 EXPENSES IN THIS CATEGORY INCLUDE COMMUNITY, HUMANITIES, EDUCATION 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. 20066133 19394 3355562 37449031 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 1 272 0 1 1201 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 47 45 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X JENNIFER ANGLADE - CFO 7187248244 30 LAFAYETTE AVENUE BROOKLYN NY 11217 ADAM E MAX CHAIR 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 ALBERTO SANCHEZ TRUSTEE (OUTGOING) 0.50 0.50 X 0 0 0 ALEXA DAVIDSON SUSKIN TRUSTEE 0.50 X 0 0 0 ANDRE DUA TRUSTEE 0.50 X 0 0 0 ANNA KUZMIK SAMPAS TRUSTEE 0.50 X 0 0 0 ANNE HUBBARD TRUSTEE 0.50 X 0 0 0 ANOUSHKA HEALY TRUSTEE (OUTGOING) 0.50 X 0 0 0 AXEL STAWSKI TRUSTEE 0.50 X 0 0 0 BARRY 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 DANIEL KLORES TRUSTEE (OUTGOING) 0.50 X 0 0 0 DAVID PICKET 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 BERMANZOHN TRUSTEE (OUTGOING) 0.50 X 0 0 0 FRANCES RESHESKE TRUSTEE 0.50 X 0 0 0 G PENN HOLSENBECK TRUSTEE (OUTGOING) 0.50 X 0 0 0 GARY LYNCH TRUSTEE (OUTGOING) 0.50 X 0 0 0 GORDON BOWEN TRUSTEE 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 JONATHAN AUERBACH TRUSTEE 0.50 X 0 0 0 JONATHAN ROSE TRUSTEE 0.50 X 0 0 0 JOSEPH STERN TRUSTEE 0.50 X 0 0 0 JOSEPH V MELILLO EX.PRODUCER & SECRETARY (OUTGOING) 50.00 X X 490744 0 41278 KATY CLARK PRESIDENT 50.00 X X 337448 0 58491 LINDA CHINN TRUSTEE 0.50 X 0 0 0 LORRAINE LYNCH TRUSTEE 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 TRUSTEE 0.50 X 0 0 0 NORA ANN WALLACE VICE CHAIR 5.00 0.50 X X 0 0 0 PAMELA A CODISPOTI TRUSTEE (OUTGOING) 0.50 X 0 0 0 PEDRO J TORRES TRUSTEE 0.50 X 0 0 0 PHILIPPE KRAKOWSKY TRUSTEE (OUTGOING) 0.50 X 0 0 0 RICHARD E FELDMAN TRUSTEE 0.50 X 0 0 0 ROBERT M GREENBERG TRUSTEE (OUTGOING) 0.50 X 0 0 0 ROBERTA GARZA TRUSTEE 0.50 X 0 0 0 RUDOLPH CREW TRUSTEE 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 SUZY FRANCZAK DAVIS TRUSTEE 0.50 X 0 0 0 THERESE M ESPERDY TRUSTEE 0.50 X 0 0 0 TIMOTHY SEBUNYA TRUSTEE 0.50 X 0 0 0 TONY BECHARA TRUSTEE 0.50 X 0 0 0 VERONICA WESTBERG TREASURER (OUTGOING) 0.50 X 0 0 0 WILLIAM I CAMPBELL VICE CHAIR 5.00 X X 0 0 0 YRTHYA DINZEY-FLORES TRUSTEE 0.50 X 0 0 0 ALICE BERNSTEIN EXECUTIVE VICE PRESIDENT 50.00 X 234527 0 28682 COURTNEY KILLINGSWORTH VP EDUCATION & COMM. ENGAGEMENT 50.00 X 149469 0 46449 DAVID BINDER ARTISTIC DIRECTOR 50.00 X 0 0 0 JOHN LANASA VP MARKETING & COMMUNICATION 50.00 X 190753 0 37600 KEITH STUBBLEFIELD CFO 50.00 5.00 X 322233 0 50449 PATRICK SCULLY VICE PRESIDENT & GENERAL MANAGER 50.00 X 176615 0 30620 WILLIAM KRAMER VICE PRESIDENT OF DEVELOPMENT 50.00 X 329441 0 39687 EFI SHAHAR CINEMA EXECUTIVE MANAGER 45.00 X 159631 0 42241 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 45.00 X 155946 0 27268 STACY MARGOLIS AVP, MAJOR GIFTS & PATRON PROGRAMS 50.00 X 192252 0 45414 THOMAS PAULUCCI CREW CHIEF 40.00 X 186790 0 65472 WILLIAM LYNCH DIRECTOR OF LEADERSHIP GIFTS 45.00 X 188795 0 30854 3114644 0 544505 52 0 1 0 HUNTER ROBERTS CONSTRUCTION GROUP 55 WATER STREET 51ST FLOOR NEW YORK NY 10041 CONSTRUCTION MANAGEMENT 836653 FARO WORLD INC 68 33RD STREET FLR4 UNIT 9 BROOKLYN NY 11232 ARTIST FEE 570000 THE ROYAL SHAKESPERE COMPANY WATERSIDE STRATFORDUPONAVON WARWICKSHIRE UK CV37 6BB COMPANY FEE 547973 GREAT PERFORMANCES 304 HUDSON STREET NEW YORK NY 10013 CATERING 523854 LONG DAY 2018 LIMITED 60-66 WARDOUR STREET LONDON UK W1F 0TA COMPANY FEE 470967 41 1510409 4449813 11174015 22654792 1491316 39789029 PERFORMANCE INCOME 711110 8648278 8648278 BAM ROSE CINEMA 711110 3605007 3605007 BAMART REVENUE 900099 568030 568030 ADVERTISING 541800 74470 74470 12895785 654 654 3807625 3576824 230801 230801 230801 5341 0 5341 5341 5341 92595 1510409 283367 -190772 -190772 MANAGEMENT FEES 561000 201570 201570 MISCELLANEOUS INCOME 900099 142158 142158 BAZAAR INCOME 900099 113700 113700 171367 8350 163017 628795 53359633 13090864 74470 405270 X 19394 19394 2050326 1057223 475553 517550 21378339 15920739 1857836 3599764 1405885 1070357 98698 236830 3746915 2767746 318245 660924 1949693 1436005 170080 343608 387165 387165 72000 72000 6075073 5288677 187976 598420 1748098 1474574 287 273237 1486066 299562 514102 672402 736224 715229 11549 9446 1948544 1923108 25436 1412983 1141986 28107 242890 55268 55268 1691594 1255424 164890 271280 232476 41823 190599 54 PRODUCTION EXPENSES 1454829 1070702 15215 368912 FILM RENTAL 1354091 1350320 771 3000 HOSPITALITY & RECEPTION 715035 307549 9563 397923 HUMAN RESOURCES AND PER 203344 45620 146869 10855 512520 262993 71349 178178 50635862 37449031 4776122 8410709 17000 17000 684717 848190 17955712 24902061 309463 470770 66602 64231 614201 499983 42594686 14762786 20365535 27831900 100285036 101683644 140298266 156317779 4077343 8826467 665998 343551 6573290 2883435 3964942 7626776 19708250 X 18070620 21802639 27078606 27382422 87522264 87424468 132671490 136609529 140298266 156317779 X 2723771 1214268 X X 0 1 X 1 1 1 X 35608797 34874346 36416552 39951167 39789029 186639891 35608797 34874346 36416552 39951167 39789029 186639891 7064986 179574905 1365972 2060974 1380535 2362002 3808279 10977762 1534388 932730 960063 1193824 721390 5342395 202960048 84918966 0.88480 0.88700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 874,603. 2015 AMOUNT: $ 744,041. 2016 AMOUNT: $ 748,278. 2017 AMOUNT: $ 64,122. 2018 AMOUNT: $ 142,158. FUNDRAISING REVENUE - 2014 AMOUNT: $ 659,785. 2015 AMOUNT: $ 188,689. 2016 AMOUNT: $ 211,785. 2017 AMOUNT: $ 685,860. 2018 AMOUNT: $ 92,595. MANAGEMENT FEES - 2017 AMOUNT: $ 203,441. 2018 AMOUNT: $ 201,570. BAZAAR INCOME - 2017 AMOUNT: $ 106,800. 2018 AMOUNT: $ 113,700. CONSULTING INCOME - 2017 AMOUNT: $ 12,733. 2018 AMOUNT: $ 8,350. MAILING LIST - 2017 AMOUNT: $ 16,496. 2018 AMOUNT: $ 27,292. CAFETERIA INCOME - 2017 AMOUNT: $ 93,741. 2018 AMOUNT: $ 101,525. BOUTIQUE SALES - 2017 AMOUNT: $ 10,631. 2018 AMOUNT: $ 34,200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72000 72000 50563862 50635862 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 22500 71585 66000 72000 232085 250000 250000 250000 250000 1000000 1500000 22500 71585 66000 72000 232085 99853636 50639 5946383 4449813 240428 101160417 95779598 2851674 9345991 7478996 644631 99853636 91574003 181650 13391193 8598441 768807 95779598 99346428 687529 -3406757 4359525 693672 91574004 96805763 5405159 1845177 3894962 814709 99346428 0.15120 0.84770 0.00110 0 1 1 2509919 861826 1648093 15937709 10245035 5692674 4213687 3431135 782552 19933371 224790 19708581 27831900 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 101160417 SECURITY DEPOSITS 37110 457B PLAN ASSETS 480877 STRAND THEATER TENANTS' RESERVE 5240 101683644 DUE TO BAM ENDOWMENT TRUST 2653905 DUE TO NYC CIRS 1311037 3964942 X 56838797 550 -98210 -97660 56936457 -3576824 -3576824 53359633 54115026 550 3576824 3577374 50537652 98210 98210 50635862 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, 2019 AND 2018 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 -98,210. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -3,576,824. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,576,824. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES 98,210. 2019 BAM GALA 1603004 1510409 92595 28000 153239 97128 5000 1603004 1510409 92595 28000 153239 97128 5000 283367 -190772 X X X X X 0 0 0 0 0 0 0 1 0 JOSEPH V MELILLO EX.PRODUCER & SECRETARY (OUTGOING) 467643 0 0 0 23101 0 30525 0 10753 0 532022 0 0 0 KATY CLARK PRESIDENT 318600 0 0 0 18848 0 30525 0 27966 0 395939 0 0 0 ALICE BERNSTEIN EXECUTIVE VICE PRESIDENT 234527 0 0 0 0 0 26032 0 2650 0 263209 0 0 0 COURTNEY KILLINGSWORTH VP EDUCATION & COMM. ENGAGEMENT 149323 0 0 0 146 0 16591 0 29858 0 195918 0 0 0 JOHN LANASA VP MARKETING & COMMUNICATION 172126 0 0 0 18627 0 21173 0 16427 0 228353 0 0 0 KEITH STUBBLEFIELD CFO 292312 0 6395 0 23526 0 30525 0 19924 0 372682 0 0 0 PATRICK SCULLY VICE PRESIDENT & GENERAL MANAGER 175051 0 0 0 1564 0 19604 0 11016 0 207235 0 0 0 WILLIAM KRAMER VICE PRESIDENT OF DEVELOPMENT 303654 0 6500 0 19287 0 30525 0 9162 0 369128 0 0 0 EFI SHAHAR CINEMA EXECUTIVE MANAGER 155385 0 0 0 4246 0 17719 0 24522 0 201872 0 0 0 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 155729 0 0 0 217 0 17096 0 10172 0 183214 0 0 0 STACY MARGOLIS AVP, MAJOR GIFTS & PATRON PROGRAMS 191960 0 0 0 292 0 21340 0 24074 0 237666 0 0 0 THOMAS PAULUCCI CREW CHIEF 186790 0 0 0 0 0 32371 0 33101 0 252262 0 0 0 WILLIAM LYNCH DIRECTOR OF LEADERSHIP GIFTS 187029 0 0 0 1766 0 20956 0 9898 0 219649 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES ON PART II RECEIVED BONUSES: WILLIAM KRAMER $6,500 KEITH STUBBLEFIELD $6,395 PART II, COLUMN B (III) AMOUNT IN THIS COLUMN REPRESENTS CONTRIBUTIONS TO 457 (B) RETIREMENT PLAN AND GROUP TERM LIFE INSURANCE. PART II, COLUMN B (II) BONUSES FOR EMPLOYEES ARE APPROVED BY THE PRESIDENT AND BY THE BOARD X 25 750391 AVG. HIGH/LOW X 9 37082 FAIR MARKET VALUE X ENERGY SUPPORT 1 693595 FAIR MARKET VALUE X BAGS 2 5480 FAIR MARKET VALUE X SKINCARE PRODUCTS 1 2535 FAIR MARKET VALUE X FINE ART PRINTS 1 2233 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 A, LINE 2 MARK DIKER (TRUSTEE) AND ADAM WOLFENSOHN (TRUSTEE) HAVE A BUSINESS RELATIONSHIP WITH JONATHAN ROSE (TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS PREPARED BY INDEPENDENT ACCOUNTANT AND IS REVIEWED BY MANAGEMENT. A DRAFT VERSION 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 IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 44,016. MANAGEMENT AND GENERAL EXPENSES 29,230. FUNDRAISING EXPENSES 10,425. TOTAL EXPENSES 83,671. COMPANY AND ARTIST FEES: PROGRAM SERVICE EXPENSES 4,067,814. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 361,522. TOTAL EXPENSES 4,429,336. CONSULTANTS AND PRODUCTION FEES: PROGRAM SERVICE EXPENSES 1,176,847. MANAGEMENT AND GENERAL EXPENSES 158,746. FUNDRAISING EXPENSES 226,473. TOTAL EXPENSES 1,562,066. FORM 990, PART XI, LINE 9: INCREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST 1,306,781. CULTURAL INSTITUTIONS RETIREMENT SYSTEM -92,513. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING 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 0 0 0 0 0 1 0 1