Bagby Foundation For The Musical Arts Inc
- Assets
- $1.7m
- Revenue
- $272.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1942
- Data as of
- 12/2019
- EIN
- 13-1873289
Organization Overview
Bagby Foundation For The Musical Arts Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bagby Foundation For The Musical Arts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Bagby Foundation For The Musical Arts Inc generated $272.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $196.6k during the year ending 12/2019. While expenses have increased by 4.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bagby Foundation For The Musical Arts Inc has awarded 92 individual grants totaling $348,198. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Andrew Lark Executive Di | 15 | $51,564 | |
Douglas Barnert Trustee | 1 | $0 | |
Henry B Chapin Trustee | 1 | $0 | |
Marc P Chazaud Trustee | 1 | $0 | |
Joseph A Gimma Jr Trustee | 1 | $0 | |
Blanche Lark Christerson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $148,960 |
| Interest on Savings | $2 |
| Dividends & Interest | $44,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,254 |
| Capital Gain Net Income | $78,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39 |
| Total Revenue | $272,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,564 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,742 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $16,956 |
| Travel, conferences, and meetings | $1,302 |
| Printing and publications | $0 |
| Other expenses | $44,014 |
| Total operating and administrative expenses | $120,578 |
| Contributions, gifts, grants paid | $76,057 |
| Total expenses and disbursements | $196,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,715 |
| Savings and temporary cash investments | $17,221 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,661,372 |
| Accounts payable and accrued expenses | $1,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,383 |
Grants Awarded
Over the last fiscal year, Bagby Foundation For The Musical Arts Inc has awarded $76,057 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
SOOBEEN LEE PURPOSE: MUSICAL STUDY & CAREER | $8,850 |
CHARLIE ALBRIGHT PURPOSE: MUSICAL STUDY & CAREER | $8,850 |
MICAH MCLAURIN PURPOSE: MUSICAN STUDY & CAREER | $8,850 |
MARCO D CAMMAROTA PURPOSE: MUSICAL STUDY & CAREER | $8,400 |
BRUCE BURROUGHS PURPOSE: PENSIONER GRANT | $8,400 |
ROSE-MARIE JOHNSON PURPOSE: PENSIONER GRANT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bagby Foundation For The Musical Arts Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Lee Thaw Charitable Trust New York, NY PURPOSE: GENERAL PURPOSES | $1,500 |
Joseph And Licia Gimma Foundation Green Cove Springs, FL PURPOSE: UNRESTRICTED; TO SUPPORT PHILANTHROPIC EFFORTS IN THE ARTS AND SUPPORT OF MUSICAL PENSIONERS. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |