2016-02-08T08:06:17-06:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364110 30 LAFAYETTE AVENUE BROOKLYN NY 11217 KEITH STUBBLEFIELD CFO 7186364153 2016-02-04 1 ROBERT R LYONS CPA P00227472 2125038800 2014 2016-04-25 22:37:26Z KATY CLARK 30 LAFAYETTE AVENUE BROOKLYN NY 11217 61752439 0 X WWW.BAM.ORG X 1861 NY BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 61 59 790 94 0 0 31593758 35608797 16830233 22222765 6645 8105 1230301 959783 49660937 58799450 49628991 5000 0 0 28344855 30885026 0 0 6171431 25931403 28108404 103905249 58998430 -54244312 -198980 136605797 137978041 5852855 6911473 130752942 131066568 X BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 0 0 14284295 9090620 SPRING SEASON:IN JANUARY 2015, BAM COMMENCED OUR SPRING SEASON WITH THE MARIINSKY AT BAM, A SPECIAL TWO-WEEK ENGAGEMENT BY THE GLOBALLY RENOWNED MARIINSKY OPERA AND BALLET COMPANIES THAT FEATURED SIGNATURE PERFORMANCES OF CLASSIC REPERTORY. FOLLOWING THE MARIINSKY AT BAM, BAM'S 2015 SPRING SEASON CONTINUED WITH AN ECLECTIC ARRAY OF PROGRAMMING; HIGHLIGHTS INCLUDED HANDEL'S MONUMENTAL BAROQUE OPERA SEMELE, A CO-PRODUCTION OF THE THEATRE ROYAL DE LA MONNAIE AND KT WONG FOUNDATION; GOODMAN THEATRE OF CHICAGO'S WIDELY ACCLAIMED REVIVAL OF THE ICEMAN COMETH, STARRING NATHAN LANE AND BRIAN DENNEHY; AND MYSTERY, A DANCE AND MUSIC THEATER MEDITATION ON JAPANESE CULTURAL TRADITIONS BY PERFORMING ARTS GROUP KODO.THE 2015 SPRING SEASON ALSO FEATURED COMMUNITY AND ART PROGRAMMING, INCLUDING BAM'S 38TH ANNUAL DANCEAFRICA FESTIVAL AND COMMUNITY BAZAAR. 9878055 5050084 NEXT WAVE FESTIVAL 2014:IN SEPTEMBER 2014, BAM LAUNCHED OUR 32ND ANNUAL NEXT WAVE FESTIVAL WITH NONESUCH AT BAM, A "FESTIVAL WITHIN A FESTIVAL" IN CELEBRATION OF THE 50TH ANNIVERSARY OF THE FOUNDING OF PIONEERING MUSIC LABEL NONESUCH RECORDS. THIS SERIES OF 14 MUSICAL PERFORMANCES COMMENCED WITH THE PHILIP GLASS ENSEMBLE & STEVE REICH AND MUSICIANS, REUNITING LEGENDARY COMPOSERS PHILIP GLASS AND STEVE REICH AND THEIR RESPECTIVE ENSEMBLES FOR THE FIRST TIME IN OVER 30 YEARS. FOLLOWING THIS EXCITING SERIES, BAM PRESENTED AN ADDITIONAL 32 GROUNDBREAKING NEXT WAVE PRODUCTIONS, REACHING A TOTAL AUDIENCE OF 122,587. THE 2014 NEXT WAVE FESTIVAL CLOSED ON DECEMBER 20, 2014 WITH VIJAY IYER: MUSIC OF TRANSFORMATION, A THREE-PART PROGRAM OF WORK BY THE AWARD-WINNING COMPOSER AND PIANIST. 3336460 460326 EDUCATION:IN 2014-2015, THROUGH A BROAD RANGE OF INITIATIVES-INCLUDING IN-SCHOOL WORKSHOPS, INTENSIVE AFTERSCHOOL PROGRAMS, AND SCHOOL-TIME PERFORMANCES OF DANCE, MUSIC, FILM, AND THEATER-BAM EDUCATION ENGAGED UP TO 38,000 ADULTS, STUDENTS, FAMILIES, AND TEACHERS IN OVER 225 NEW YORK CITY SCHOOLS WITH UNPARALLELED ACCESS TO INTERACTIVE, ENRICHING PROGRAMS FOR FREE OR FOR A LOW, SUBSIDIZED RATE. BAM'S EDUCATION INITIATIVES INCLUDED ARTS AND LITERARY PROGRAMS SUCH AS ARTS & JUSTICE, SHAKESPEARE TEACHES, YOUNG FILM CRITICS, BROOKLYN READS, AND CULTURAL ENHANCEMENT PROGRAMS INCLUDING THE DANCEAFRICA EDUCATION PROGRAM. 21028437 5000 7621735 EXPENSES IN THIS CATEGORY INCLUDE BAMCINEMATEK, BAMCINEMAFEST, AND BAM COMMUNITY OUTREACH 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. 21028437 5000 7621735 48527247 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 335 0 790 1 0 0 0 0 0 1 1 0 0 0 0 X 61 59 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X KEITH STUBBLEFIELD 7186364153 30 LAFAYETTE AVENUE BROOKLYN NY 11217 ALAN H FISHMAN CHAIRMAN 5.00 X X 0 0 0 ADAM E MAX VICE CHAIRMAN 5.00 X X 0 0 0 WILLIAM I CAMPBELL VICE CHAIRMAN 5.00 X X 0 0 0 KAREN BROOKS HOPKINS PRESIDENT 60.00 X X 398239 0 34849 JOSEPH V MELILLO EXECUTIVE PRODUCER 60.00 X X 390136 0 34735 JAMES MCLAREN TREASURER 5.00 X X 0 0 0 JEFFREY BARKER FORMER DIRECTOR 0.50 X 0 0 0 TONY BECHARA DIRECTOR 0.50 X 0 0 0 RENE BOETTCHER FORMER DIRECTOR 0.50 X 0 0 0 LINDA CHINN DIRECTOR 0.50 X 0 0 0 HENRY CHRISTENSEN III DIRECTOR 0.50 X 0 0 0 PAMELA A CODISPOTI DIRECTOR 0.50 X 0 0 0 CHERYL DELLA ROSA DIRECTOR 0.50 X 0 0 0 DINYAR S DEVITRE DIRECTOR 0.50 X 0 0 0 BETH RUDIN DEWOODY DIRECTOR 0.50 X 0 0 0 MARK DIKER DIRECTOR 0.50 X 0 0 0 ANDRE DUA DIRECTOR 0.50 X 0 0 0 BRENDAN DUGAN DIRECTOR 0.50 X 0 0 0 THERESE M ESPERDY DIRECTOR 0.50 X 0 0 0 TERI EVERETT DIRECTOR 0.50 X 0 0 0 MALLORY FACTOR DIRECTOR 0.50 X 0 0 0 RONALD E FEINER ESQ FORMER DIRECTOR 0.50 X 0 0 0 RICHARD E FELDMAN ESQ DIRECTOR 0.50 X 0 0 0 STEVEN G FELSHER DIRECTOR 0.50 X 0 0 0 JEANNE DONOVAN FISHER DIRECTOR 0.50 X 0 0 0 BARRY FOX DIRECTOR 0.50 X 0 0 0 MARYANNE GILMARTIN DIRECTOR 0.50 X 0 0 0 ROBERT M GREENBERG DIRECTOR 0.50 X 0 0 0 GPENN HOLSENBECK DIRECTOR 0.50 X 0 0 0 DAN KLORES DIRECTOR 0.50 X 0 0 0 EDGAR LAMPERT DIRECTOR 0.50 X 0 0 0 FRANCOIS LETACONNOUX FORMER DIRECTOR 0.50 X 0 0 0 GARY LYNCH DIRECTOR 0.50 X 0 0 0 AHRIN MISHAN DIRECTOR 0.50 X 0 0 0 DONALD MULLEN JR DIRECTOR 0.50 X 0 0 0 WILLIAM A PERLMUTH DIRECTOR 0.50 X 0 0 0 FRANCES RESHESKE DIRECTOR 0.50 X 0 0 0 JONATHAN ROSE DIRECTOR 0.50 X 0 0 0 ANNA KUZMIK SAMPAS DIRECTOR 0.50 X 0 0 0 ALBERTO SANCHEZ DIRECTOR 0.50 X 0 0 0 TIMOTHY SEBUNYA DIRECTOR 0.50 X 0 0 0 ADI SHAMIR FORMER DIRECTOR 0.50 X 0 0 0 DANNY SIMMONS DIRECTOR 0.50 X 0 0 0 JESSICA SMITH DIRECTOR 0.50 X 0 0 0 BRIAN STAFFORD DIRECTOR 0.50 X 0 0 0 JOSEPH STERN DIRECTOR 0.50 X 0 0 0 PEDRO J TORRES DIRECTOR 0.50 X 0 0 0 JOHN USDAN DIRECTOR 0.50 X 0 0 0 BRIGITTE VOSSE DIRECTOR 0.50 X 0 0 0 NORA ANN WALLACE DIRECTOR 0.50 X 0 0 0 ADAM WOLFENSOHN DIRECTOR 0.50 X 0 0 0 CLAIRE WOOD DIRECTOR 0.50 X 0 0 0 ANDREW ZOLLI DIRECTOR 0.50 X 0 0 0 ANNE HUBBARD DIRECTOR 0.50 X 0 0 0 MARK JACKSON DIRECTOR 0.50 X 0 0 0 PATRICIA MICHELS DIRECTOR 0.50 X 0 0 0 GORDON BOWEN DIRECTOR 0.50 X 0 0 0 DAVID DANGOOR DIRECTOR 0.50 X 0 0 0 SARAH ROBERTSON DIRECTOR 0.50 X 0 0 0 AXEL STAWSKI DIRECTOR 0.50 X 0 0 0 RUDOLPH CREW DIRECTOR 0.50 X 0 0 0 BARTHOLOMEW SHEEHAN III DIRECTOR 0.50 X 0 0 0 DAVID PICKET DIRECTOR 0.50 X 0 0 0 FRANCES BERMANZOHN DIRECTOR 0.50 X 0 0 0 PHILLIPE KRAKOWSKY DIRECTOR 0.50 X 0 0 0 VERONICA WESTBERG DIRECTOR 0.50 X 0 0 0 ALICE BERNSTEIN EXECUTIVE VICE PRESIDENT 50.00 X 254698 0 30636 KEITH STUBBLEFIELD CFO 50.00 5.00 X 257562 0 42435 MATTHEW BREGMAN VP DEVELOPMENT (FORMER) 50.00 X 175355 0 31831 SOO PAK VP MARKTNG & COMM (FORMER) 50.00 X 144942 0 27432 STEPHANIE HUGHLEY VP EDUCATION & HUMANITIES 50.00 X 177900 0 24088 JOHN LANASA VP MARKETING & COMMUN 50.00 X 33804 0 20 RICCARDO SALMONA VP INSITUTIONAL ADVANCEMENT 50.00 X 69381 0 24 EFI SHAHAR CINEMA EXECUTIVE MANAGER 45.00 X 177429 0 30069 THOMAS PAULUCCI CREW CHIEF 40.00 X 156935 0 39939 MICHAEL KATZ HEAD PROJECTIONIST 40.00 X 143265 0 27220 WILLIAM LYNCH DIRECTOR LEADERSHIP GIFTS 40.00 X 154221 0 22004 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 40.00 X 144654 0 20894 2678521 0 366176 12 0 1 0 GOODMAN THEATRE 170 N DEARBORN CHICAGO IL 60601 COMPANY FEE 700000 YOUNG VIC COMPANY 66 THE CUT LONDON UK COMPANY FEE 506084 SITUATION INTERACTIVE 1372 BROADWAY 20/F NEW YORK NY 10018 ADVERTISING 415139 CANADIAN OPERA COMPANY 277 FRONT STREET TORONTO CA COMPANY FEE 407166 LONDON PHILHARMONIC ORCHESTRA 89 ALBERT EMBANKMENT LONDON UK COMPANY FEE 360145 45 2386371 3894962 4630334 24697130 1686810 35608797 PERFORMANCE INCOME 711110 17548481 17548481 BAM ROSE CINEMA 711110 4029366 4029366 BAMART REVENUE 900099 545277 545277 CO-PRESENTER INCOME 711190 99641 99641 22222765 354 354 1365618 1280438 85180 85180 85180 1020517 1012766 7751 7751 7751 659785 2386371 659785 0 MISCELLANEOUS INCOME 900099 874603 874603 874603 58799450 22222765 0 967888 X 5000 5000 2473565 1181893 915984 375688 21435334 16953025 1636138 2846171 978832 831728 39552 107552 4183949 3427281 299043 457625 1813346 1461911 139210 212225 80699 80699 78250 78250 10245947 10079623 40196 126128 3167204 2785828 3752 377624 555277 519328 12123 23826 943911 943661 186 64 2402489 2330337 17838 54314 1898733 1571671 139046 188016 226110 77038 149072 PRODUCTION EXPENSES 2153584 2025497 10062 118025 FILM RENTAL 1483220 1483220 0 0 MISCELLANEOUS 1247443 1050810 35876 160757 HOSPITALITY & RECEPTION 997243 229302 55578 712363 2628294 1570094 647147 411053 58998430 48527247 4299752 6171431 1453769 1630350 19508517 17782551 799809 1004631 1750896 1471585 27074230 10448098 16202400 16626132 96890406 99462792 136605797 137978041 3444811 3726786 1301760 1018538 1106284 2166149 5852855 6911473 X 15649962 14004146 36522714 33221414 78580266 83841008 130752942 131066568 136605797 137978041 X -198980 512606 X X 0 1 X 1 1 1 X 35479734 52760133 24647582 31593758 35608797 180090004 35479734 52760133 24647582 31593758 35608797 180090004 7764874 172325130 2010157 2711922 2813750 231060 85534 7852423 665487 1020507 1136254 1000771 874603 4697622 192640049 89077174 0.89450 0.91170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 54153 4550 0 0 58703 250000 250000 250000 250000 1000000 1500000 54153 4550 0 0 58703 96805763 5405159 1845177 3894962 814709 99346428 87877935 351160 13415401 3546077 1292656 96805763 80872090 279374 11231658 3337860 1167327 87877935 83116249 2622492 -1160644 3008640 697367 80872090 73671009 863980 11898579 2918030 399289 83116249 0.17350 0.82570 0.00080 0 1 1 2455533 409178 2046355 16669961 6884139 9785822 4887945 2281148 2606797 3060791 873633 2187158 16626132 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 99346428 SECURITY DEPOSITS AND OTHER 116364 99462792 DUE TO BAM ENDOWMENT TRUST 138090 DUE TO NYC CIRS 2028059 2166149 X 61414401 74286 2540665 2614951 58799450 0 58799450 60353154 74286 1280438 1354724 58998430 0 58998430 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 HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014 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. BAM IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 2,540,665. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 1,280,438. THE KAREN GALA 2729515 2126610 602905 103408 300592 73404 125502 BROOKLYN BUILDERS BALL 311641 254761 56880 100 30584 18281 7914 1 5000 5000 3046156 2386371 659785 103508 331176 91685 133416 659785 0 1 THE CITY UNIVERSITY OF NEW YORK 1150 BEDFORD AVENUE BROOKLYN NY 11225 133893536 5000 IN SUPPORT OF PROGRAMMATIC WORK OF THE CENTER FOR BLACK LITERATURE AT MEDGAR EVERS COLLEGE X X X X 0 1 0 0 0 0 0 0 0 KAREN BROOKS HOPKINS PRESIDENT 398239 0 0 0 0 0 23660 0 11189 0 433088 0 0 0 JOSEPH V MELILLO EXECUTIVE PRODUCER 390136 0 0 0 0 0 23660 0 11075 0 424871 0 0 0 ALICE BERNSTEIN EXECUTIVE VICE PRESIDENT 254698 0 0 0 0 0 23178 0 7458 0 285334 0 0 0 KEITH STUBBLEFIELD CFO 252905 0 0 0 4657 0 23014 0 19421 0 299997 0 0 0 MATTHEW BREGMAN VP DEVELOPMENT (FORMER) 175355 0 0 0 0 0 15957 0 15874 0 207186 0 0 0 SOO PAK VP MARKTNG & COMM (FORMER) 144942 0 0 0 0 0 13190 0 14242 0 172374 0 0 0 STEPHANIE HUGHLEY VP EDUCATION & HUMANITIES 177900 0 0 0 0 0 16189 0 7899 0 201988 0 0 0 EFI SHAHAR CINEMA EXECUTIVE MANAGER 138506 0 38923 0 0 0 12604 0 17465 0 207498 0 0 0 THOMAS PAULUCCI CREW CHIEF 156935 0 0 0 0 0 26679 0 13260 0 196874 0 0 0 MICHAEL KATZ HEAD PROJECTIONIST 143265 0 0 0 0 0 15759 0 11461 0 170485 0 0 0 WILLIAM LYNCH DIRECTOR LEADERSHIP GIFTS 154221 0 0 0 0 0 14034 0 7970 0 176225 0 0 0 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 144654 0 0 0 0 0 13164 0 7730 0 165548 0 0 0 X 1 250000 APPRAISAL X 1 1012766 FAIR MARKET VALUE X 26 51903 FAIR MARKET VALUE X OTHER 17 342168 FAIR MARKET VALUE X TICKETS 13 26560 FAIR MARKET VALUE X CATERING 4 4042 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART VI, SECTION B, LINE 15 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, OFFICERS, AND KEY EMPLOYEES, A COMPENSATION TARGET AND RANGE WAS ESTABLISHED FOR EACH POSITION. 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 OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10,079,623. MANAGEMENT AND GENERAL EXPENSES 40,196. FUNDRAISING EXPENSES 126,128. TOTAL EXPENSES 10,245,947. FORM 990, PART XI, LINE 9: INCREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST 2,540,665. CULTURAL INSTITUTIONS RETIREMENT SYSTEM -2,028,059. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN 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 11C, III-FI N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 BAM ENDOWMENT TRUST Q 200000 COST BAM ENDOWMENT TRUST C 3894962 CASH BAM ENDOWMENT TRUST R 1407324 CASH BAM ENDOWMENT TRUST E 2400000 COST