2013-02-13T16:57:13-06:00 2012-06-30 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2011-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364100 30 LAFAYETTE AVENUE BROOKLYN NY 11217 KAREN HOPKINS 7186364153 2013-02-13 1 ROBERT LYONS P00227472 2125038800 2011 2016-02-25 16:41:14Z KAREN HOPKINS 30 LAFAYETTE AVENUE BROOKLYN NY 11217 78394683 0 X WWW.BAM.ORG X 1861 NY BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 64 62 898 0 0 0 35479704 52760133 13515704 20969680 1940 -3319 1206175 1531049 50203523 75257543 0 0 0 0 20438227 22826857 0 0 4667799 17518188 29268798 37956415 52095655 12247108 23161888 145067214 167420590 8094249 9529896 136972965 157890694 X BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 0 0 8561519 8080208 SPRING SEASON:BAM PRODUCED THE FINAL YEAR OF THE BRIDGE PROJECT, WITH SAM MENDES DIRECTING, KEVIN SPACEY IN THE TITLE ROLE OF SHAKESPEARE'S "RICHARD III". IN MARCH, BAM PRESENTED DIRECTOR DECLAN DONNELLAN AND HIS COMPANY CHEEK BY JOWL, WITH JOHN FORD'S "TIS PITY SHE'S A WHORE". IN APRIL, ACTOR SIMON CALLOW STARRED IN THE ONE-MAN PLAY "BEING SHAKESPEARE". THE MALY THEATRE OF ST. PETERSBURG RETURNED TO BAM WITH "THREE SISTERS". FINALLY, CHRISTOPHER MORAHAN DIRECTED JONATHAN PRYCE IN "THE CARETAKER." MARK MORRIS DANCE GROUP RETURNED TO BAM WITH "FOUR SAINTS IN THREE ACTS". ISRAELI CHOREOGRAPHER OHAD NAHARIN AND HIS COMPANY BATSHEVA PRESENTED "HORA". BAM'S 35TH ANNUAL "DANCEAFRICA" FESTIVAL, A WEEKLONG CELEBRATION OF MUSIC, DANCE, ART, AND FILM FROM AFRICA AND THE AFRICAN DIASPORA, RETURNED OVER THE MEMORIAL DAY WEEKEND. IN LATE MARCH, BAM PARTNERED WITH MUSICIAN DR. JOHN TO CURATE THREE WEEKS OF LIVE MUSIC ACROSS BAM'S CAMPUS HIGHLIGHTING HIS MUSICAL LEGACY AND THE RICH ROLE OF NEW ORLEANS' MUSIC AND CULTURE IN AMERICAN MUSIC. BAM ALSO COLLABORATED WITH AARON AND BRYCE DESSNER TO CURATE "CROSSING BROOKLYN FERRY", A FULL WEEKEND OF PERFORMANCE DEMONSTRATING THE BREADTH AND DIVERSITY OF BROOKLYN'S MUSIC SCENE. SWEDEN'S PREMIERE NOUVEAU CIRQUE COMPANY, CIRKUS CIRKOR, RETURNED WITH "WEAR IT LIKE A CROWN". 5859854 3260859 NEXT WAVE FESTIVAL:THE 2011 NEXT WAVE FESTIVAL OPENED WITH "AWAKENING", A REFLECTIVE MUSICAL MEMORIAL TO COINCIDE WITH THE TENTH ANNIVERSARY OF SEPTEMBER 11 FROM KRONOS QUARTET, FEATURING THE BROOKLYN YOUTH CHORUS. THIS WAS FOLLOWED BY BELGIAN CHOREOGRAPHER THIERRY SMITS AND COMPAGNIE THOR WITH "TO THE ONES I LOVE", A WORK OF MODERN DANCE. THE FESTIVAL CONTINUED WITH: A STAGING OF BERTOLT BRECHT'S "THE THREEPENNY OPERA" FROM GERMANY'S BERLINER ENSEMBLE, DIRECTED BY THE LEGENDARY ROBERT WILSON; "SPEAKER'S PROGRESS" FROM KUWAIT'S SABAB THEATRE; "WATER STAINS ON THE WALL" A NEW WORK FROM CHOREOGRAPHER LIN HWAI-MIN AND TAIWAN'S CLOUDGATE DANCE THEATRE; "SYMPHONY FOR THE DANCE FLOOR", A BAM-COMMISSIONED PREMIERE FROM DANIEL BERNARD ROUMAIN; "HAZE" THE BAM PREMIERE FOR BEIJING'S DANCE THEATRE; "I DON'T BELIEVE IN OUTER SPACE", A NEW WORK FROM CHOREOGRAPHER WILLIAM FORSYTHE; AND "CRIES AND WHISPERS" FROM DUTCH DIRECTOR IVO VAN HOVE AND TONEELGROEP AMSTERDAM. BAM ALSO PRESENTED: "69 DEGREES S.", A COLLABORATION BETWEEN MARIONETTE ARTIST ERIK SANKO AND VISUAL ARTIST JESSICA GRINDSTAFF; "BROOKLYN BABYLON", A MULTIMEDIA PERFORMANCE FROM JAZZ MUSICIAN DARCY JAMES ARGUE AND GRAPHIC ARTIST DANIEL ZEZELJ; "CANYON", A NEW WORK FROM CHOREOGRAPHER JOHN JASPERSE; AND "THE INFERNAL COMEDY: CONFESSIONS OF A SERIAL KILLER", STAGE AND SCREEN ACTOR JOHN MALKOVICH'S BAM DEBUT AS NOTORIOUS MURDERER JACK UNTERWEGER. IN DECEMBER, BAM PRESENTED: "SUPERNATURAL WIFE", FROM CHOREOGRAPHER ANNIE-B PARSON'S BIG DANCE THEATER; "TUDO ISTO E FADO", A MUSICAL TRIBUTE TO THE RICH FOLK MUSIC OF PORTUGAL; AND "KRAPP'S LAST TAPE", STARRING JOHN HURT. FINALLY, THE MERCE CUNNINGHAM DANCE COMPANY CELEBRATED THE LEGACY OF THE LATE CHOREOGRAPHER ON ITS FINAL TOUR, "THE LEGACY TOUR". 1970781 2851774 BAMCINEMATEK:BAM IS UNIQUE AMONG AMERICAN CULTURAL INSTITUTIONS IN THAT IT IS THE ONLY PERFORMING ARTS CENTER IN THE COUNTRY WITH TWO THEATERS AND A FOUR-SCREEN MULTIPLEX CINEMA AS PART OF ITS FACILITIES. BAM DEVOTES THREE OF ITS CINEMA SCREENS TO FIRST-RUN INDEPENDENT AND FOREIGN FILMS, AND THE FOURTH TO BAMCINEMATEK, BROOKLYN'S ONLY DAILY YEAR-ROUND REPERTORY FILM PROGRAM. DRAWING NEARLY 50,000 INDIVIDUALS TO BAM ROSE CINEMAS EACH YEAR, BAMCINEMATEK FEATURES RETROSPECTIVES OF CLASSIC AMERICAN AND FOREIGN FILMS, SILENT FILMS, UNDISTRIBUTED FILMS, DOCUMENTARIES, PROGRAMS RELATED TO MAINSTAGE PERFORMANCES, AND A NUMBER OF LOCAL SERIES THAT GIVE BROOKLYN FILMMAKERS AND ORGANIZATIONS A PLATFORM FOR EXPRESSION. IN JUNE 2009, BAMCINEMATEK LAUNCHED THE ANNUAL BAMCINEMAFEST, A TEN-DAY FESTIVAL THAT PRESENTS AND FOSTERS DISCOURSE ON NEW INDEPENDENT FILM. IN CONJUNCTION WITH THE 2011 NEXT WAVE FESTIVAL, BAMCINEMATEK ALSO PRESENTED THE SERIES: "NEW VOICES FROM PORTUGAL", HIGHLIGHTING PORTUGUESE DIRECTORS; THE NEW YORK KOREAN FILM FESTIVAL, SCREENING THE BEST NEW FILMS FROM KOREA; AND SERGE BROMBERG'S ANNUAL "TREASURES FROM THE CHEST", SCREENING A REPERTOIRE OF SOME OF THE RAREST AND EARLIEST SILENT SHORTS SURVIVING TODAY. IN CONJUNCTION WITH THE INSTITUTION'S 150TH ANNIVERSARY, BAMCINEMATEK LAUNCHED "BROOKLYN CLOSE-UP", A MONTHLY SERIES OF FILMS FILMED IN, AND ABOUT, THE BOROUGH. BEGINNING IN OCTOBER 2011 WITH 1979'S CULT CLASSIC "THE WARRIORS" THE FIFTEEN-FILM SERIES RUNS ON THE LAST MONDAY OF EVERY MONTH THROUGH DECEMBER 2012 AND FEATURES PRE- OR POST-FILM DISCUSSIONS WITH KEY BROOKLYN FIGURES. 27946645 6776839 EXPENSES IN THIS CATEGORY INCLUDE PROGRAMMING PROVIDED BY BAM'S EDUCATION AND HUMANITIES DEPARTMENT AS WELL AS BAM'S COMMUNITY OUTREACH. BAM'S AFTER-SCHOOL PROGRAMS ARE TAILORED TO MEET CITY AND STATE LEARNING STANDARDS AS PART OF BAM EDUCATION'S CONTINUING MISSION TO SUPPORT THE INTEGRATION OF THE ARTS INTO THE SCHOOL CURRICULUM. 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. 27946645 6776839 44338799 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 1 1 0 0 0 0 1 0 0 0 0 1 260 0 898 1 0 0 0 0 1 1 1 1 0 0 0 0 X 64 62 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X KEITH STUBBLEFIELD 7186364153 30 LAFAYETTE AVENUE BROOKLYN NY 11217 ALAN H FISHMAN 5.00 X 0 0 0 ADAM E MAX 5.00 X 0 0 0 WILLIAM I CAMPBELL 5.00 X 0 0 0 KAREN BROOKS HOPKINS 60.00 X X 356458 0 57033 JOSEPH V MELILLO 60.00 X X 349425 0 55908 JAMES MCLAREN 5.00 X X 0 0 0 JEFF BARKER 0.50 X 0 0 0 TONY BECHARA 0.50 X 0 0 0 RENE BOTTCHER 0.50 X 0 0 0 LINDA CHINN 0.50 X 0 0 0 HENRY CHRISTENSEN 0.50 X 0 0 0 PAMELA A CODISPOTI 0.50 X 0 0 0 CHERYL DELLA ROSA 0.50 X 0 0 0 DINYAR S DEVITRE 0.50 X 0 0 0 BETH DEWOODY 0.50 X 0 0 0 MARK DIKER 0.50 X 0 0 0 ANDRE DUA 0.50 X 0 0 0 BRENDAN DUGAN 0.50 X 0 0 0 THERESE M ESPERDY 0.50 X 0 0 0 TERI EVERETT 0.50 X 0 0 0 MALLORY FACTOR 0.50 X 0 0 0 RONALD E FEINER ESQ 0.50 X 0 0 0 RICHARD E FELDMAN ESQ 0.50 X 0 0 0 STEVEN G FELSHER 0.50 X 0 0 0 JEANNE DONOVAN FISHER 0.50 X 0 0 0 BARRY FOX 0.50 X 0 0 0 MARYANNE GILMARTIN 0.50 X 0 0 0 ROBERT M GREENBERG 0.50 X 0 0 0 GPENN HOLSENBECK 0.50 X 0 0 0 DEREK JENKINS 0.50 X 0 0 0 MARY KANTOR 0.50 X 0 0 0 DAN KLORES 0.50 X 0 0 0 I STANLEY KRIEGEL 0.50 X 0 0 0 EDGAR LAMPERT 0.50 X 0 0 0 FRANCOIS LETACONNOUX 0.50 X 0 0 0 GARY LYNCH 0.50 X 0 0 0 MARTIN F MERTZ 0.50 X 0 0 0 AHRIN MISHAN 0.50 X 0 0 0 DONALD MULLEN 0.50 X 0 0 0 WILLIAM A PERLMUTH 0.50 X 0 0 0 WILLIAM POLLARD 0.50 X 0 0 0 DAVID RAMSAY 0.50 X 0 0 0 FRANCES RESHESKE 0.50 X 0 0 0 JONATHAN ROSE 0.50 X 0 0 0 ANNA KUZMIK SAMPAS 0.50 X 0 0 0 ALBERTO SANCHEZ 0.50 X 0 0 0 AMY SCHULMAN 0.50 X 0 0 0 TIMOTHY SEBUNYA 0.50 X 0 0 0 ADI SHAMIR 0.50 X 0 0 0 DANNY SIMMONS 0.50 X 0 0 0 JESSICA SMITH 0.50 X 0 0 0 BRIAN STAFFORD 0.50 X 0 0 0 JOSEPH STERN 0.50 X 0 0 0 PEDRO TORRES CILIBERTO 0.50 X 0 0 0 JAKOB TROLLBACK 0.50 X 0 0 0 JOHN USDAN 0.50 X 0 0 0 BRIGITTE VOSSE 0.50 X 0 0 0 NORA ANN WALLACE 0.50 X 0 0 0 ELAINE WEINSTEIN 0.50 X 0 0 0 FRANKLIN WEISSBERG 0.50 X 0 0 0 VAUGHN WILLIAMS 0.50 X 0 0 0 ADAM WOLFENSOHN 0.50 X 0 0 0 CLAIRE WOOD 0.50 X 0 0 0 ANDREW ZOLLI 0.50 X 0 0 0 ALICE BERNSTEIN 40.00 X 213058 0 34089 KEITH STUBBLEFIELD 45.00 X 208157 0 33305 MATTHEW BREGMAN 40.00 X 173039 0 27686 LISA MALLORY 40.00 X 134865 0 21578 SOO PAK 40.00 X 106355 0 17017 STEPHANIE HUGHLEY 40.00 X 0 0 0 EFI SHAHAR 40.00 X 149169 0 23867 WILLIAM LYNCH 40.00 X 140975 0 22556 THOMAS PAULUCCI 40.00 X 136061 0 21770 JOHN MANDERBACH 40.00 X 133445 0 21351 BRIAN HERRIN 40.00 X 132521 0 21203 2233528 0 357363 34 0 1 0 EW HOWELL CO 113 CROSSWAYS PARK DRIVE WOODBURY NY 11797 CONSTRUCTION 16311528 TRES CONSTRUCTION LLC 20-62 26TH STREET ASTORIA NY 11105 CONSTRUCTION 1270140 THEATER ROYAL BATH BATH BA1 1ET SAWCLOSE UK PERFORMERS 779448 GREAT PERFORMANCES 304 HUDSON STREET 2ND FLOOR NEW YORK NY 10013 CATERING 637627 EFM MANAGEMENT LTD UNIT 3 ALPHA WAY EGHAM UK TW20 8RZ SHIPPING 607940 38 1435611 3008640 20646400 27669482 653880 52760133 PERFORMANCE INCOME 711110 13677461 13677461 CO-PRESENTER INCOME 711190 3948726 3948726 BAM ROSE CINEMA 711110 2851774 2851774 BAMART REVENUE 900099 491719 491719 20969680 2165 2165 2614003 2103461 510542 510542 510542 409462 414946 -5484 -5484 -5484 618733 1435611 618733 0 MISCELLANEOUS INCOME 900099 1020507 1020507 1020507 75257543 20969680 0 1527730 1804313 908637 692360 203316 15748206 12195302 1316226 2236678 225725 183067 18028 24630 2652001 2124406 179685 347910 2396612 1943689 191414 261509 96265 15112 81104 49 79439 79439 54153 54153 10129399 9970506 6825 152068 2947610 2698656 23455 225499 608341 560257 13475 34609 615870 615829 41 3171211 3134953 15805 20453 790264 668427 48248 73589 229983 135906 94077 PRODUCTION EXPENSES 5160812 5084763 7664 68385 FILM RENTAL 1074397 1074397 HOSPITALITY & RECEPTION 955166 181284 35249 738633 FREIGHT 579337 574997 1490 2850 2776551 2268611 230319 277621 52095655 44338799 3089057 4667799 6104451 9386038 18310531 21849850 808634 658194 3359090 1905497 58718984 6015326 33335144 52703658 83149364 80917353 145067214 167420590 6032781 7174346 1556468 1075550 500000 500000 5000 780000 8094249 9529896 X 33417844 55001940 28186673 24902005 75368448 77986749 136972965 157890694 145067214 167420590 X 23161888 -2244159 X X 0 1 1 X 1 1 X 45350874 22531773 25772569 35479734 52760133 181895083 45350874 22531773 25772569 35479734 52760133 181895083 10597798 171297285 1955126 1625795 3393522 2010157 2711922 11696522 148753 199667 322543 665487 1020507 2356957 195948562 71065284 0.87420 0.87140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54153 0 54153 54144963 54199116 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 62930 69663 54055 54153 240801 250000 250000 250000 250000 1000000 1500000 62930 69663 54055 54153 240801 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: BAM ENGAGES REPRESENTATION TO ASSIST IN PROCURING GRANTS AND OTHER OPERATING AND CAPITAL FUNDING FROM LOCAL AND STATE SOURCES. BAM DOES NOT CONTRIBUTE TO ANY POLITICAL CAMPAIGNS. 83116249 2622492 -1160644 3008640 697367 80872090 73671009 863980 11898579 2918030 399289 83116249 69258256 1054336 6633937 2856290 419230 73671009 77549492 5405576 -10549772 2586864 560176 69258256 0.02000 0.94000 0.04000 0 1 1 1819602 113725 1705877 8054407 4282127 3772280 2787207 1522853 1264354 46057768 96621 45961147 52703658 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 80872090 SECURITY DEPOSITS 45263 80917353 DUE TO BAM ENDOWMENT TRUST 780000 780000 75257543 52095655 23161888 -2244159 -2244159 20917729 73943287 789205 789205 73154082 2103461 2103461 75257543 54988321 789205 2103461 2892666 52095655 0 52095655 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: BAM HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2012 AND 2011 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 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: DECREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST -2,244,159. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 2,103,461. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES 2,103,461. SPRING GALA 1042706 729803 312903 312903 RICHARD III BENEFIT 515108 379316 135792 135792 2 496530 326492 170038 170038 2054344 1435611 618733 618733 618733 0 X X X X 0 1 0 0 0 0 0 0 0 KAREN BROOKS HOPKINS 356458 0 0 0 0 0 0 0 57033 0 413491 0 0 0 JOSEPH V MELILLO 349425 0 0 0 0 0 0 0 55908 0 405333 0 0 0 ALICE BERNSTEIN 213058 0 0 0 0 0 0 0 34089 0 247147 0 0 0 KEITH STUBBLEFIELD 208157 0 0 0 0 0 0 0 33305 0 241462 0 0 0 MATTHEW BREGMAN 173039 0 0 0 0 0 0 0 27686 0 200725 0 0 0 LISA MALLORY 134865 0 0 0 0 0 0 0 21578 0 156443 0 0 0 EFI SHAHAR 149169 0 0 0 0 0 0 0 23867 0 173036 0 0 0 WILLIAM LYNCH 140975 0 0 0 0 0 0 0 22556 0 163531 0 0 0 THOMAS PAULUCCI 136061 0 0 0 0 0 0 0 21770 0 157831 0 0 0 JOHN MANDERBACH 133445 0 0 0 0 0 0 0 21351 0 154796 0 0 0 BRIAN HERRIN 132521 0 0 0 0 0 0 0 21203 0 153724 0 0 0 JONATHAN ROSE DIRECTOR 327830 CONST.:MR. ROSE'S COMPANY (JONATHAN ROSE COMPANIES, INC.) PROVIDES ONGOING CONSTRUCTION MANAGEMENT SERVICES TO BAM 0 ADAM MAX VICE CHAIRMAN 111001 EQUIPMENT:ADAM MAX IS A MANAGING PRINCIPAL OF THE JORDAN COMPANY, A PRIVATE EQUITY FIRM AND AFFILIATED WITH THE GENERAL PARTNER OF THE RESOLUTE FUND II (TRFII). TRFII ACQUIRED MAJORITY OF THE EQUITY INTERESTS IN AUGUST 2007 OF PRODUCTION RESOURCE GROUP, INC. (PRG). PRG WAS A VENDOR OF BAM'S PRIOR TO MR. MAX'S INVOLVEMENT WITH EITHER BAM OR PRG AND CONTINUES TO BE A VENDOR TO BAM, PROVIDING RENTAL THEATRICAL EQUIPMENT. MR. MAX IS NOT INVOLVED IN ANY OF BAM'S DECISIONS TO USE PRG EQUIPMENT OR PRICE NEGOTIATIONS RELATED THERETO. 0 X 17 414946 FAIR MARKET VALUE X 34 97694 FAIR MARKET VALUE X CATERING 6 16240 FAIR MARKET VALUE X FLOWERS 1 125000 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE TAX RETURNS FOR BAM ARE REVIEWED BY A SUB-COMMITTEE OF ITS BOARD OF TRUSTEES. AFTER REVIEW AND COMPLETION OF ANY NEEDED REVISIONS, THE PROPOSED FINAL VERSIONS OF THE TAX RETURNS ARE PRESENTED TO THE FULL BOARD FOR REVIEW AND COMMENT. SUBSEQUENTLY, 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. BAM'S TAX FORMS ARE ALSO AVAILABLE VIA GUIDESTAR (WWW.GUIDESTAR.ORG). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DECREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST -2,244,159. TOTAL TO FORM 990, PART XI, LINE 5: -2,244,159. THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT FORM 990, PART XII, LINE 2C: 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 509(A)(3) 501(C)(3) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 BAM ENDOWMENT TRUST P 150000 COST BAM ENDOWMENT TRUST C 3008640 CASH BAM ENDOWMENT TRUST Q 775000 CASH