Bang On A Can Inc
- Assets
- $1.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Brooklyn, NY
- Founding
- 01/1988
- Data as of
- 08/2023
- EIN
- 13-3392963
Organization Overview
Bang On A Can Inc is located in Brooklyn, NY. The organization was established in 1988. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Bang On A Can Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bang On A Can 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 08/2023, Bang On A Can Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.8m during the year ending 08/2023. While expenses have increased by 7.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTING, COMMISSIONING, PERFORMING, RECORDING AND TEACHING CONTEMPORARY MUSIC. BANG ON A CAN BELIEVES IN EXPOSING EXCITING NEW MUSIC AS BROADLY AND ACCESSIBLY AS POSSIBLE. THROUGH IT'S SUMMER INSTITUTE, BANG ON A CAN HOPES TO BRING THIS ENERGY AND PASSION FOR INNOVATION TO A YOUNGER GENERATION OF COMPOSERS AND PLAYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES THE PUBLIC ON NEW MUSIC THROUGH LIVE PERFORMANCES, RECORDINGS & SPONSORSHIP OF NEW MUSIC AROUND THE WORLD.
THROUGH A COMPETITIVE FEDERAL REQUEST FOR PROPOSALS, THE ORGANIZATION WAS AWARDED A GRANT IN SEPTEMBER 2011 TO ADMINISTER AN INTERNATIONAL CULTURAL EXCHANGE PROGRAM CALLED ONEBEAT. THE CONTRACT WAS AWARDED THROUGH THE UNITED STATES DEPARTMENT OF STATE BUREAU OF EDUCATION AND CULTURAL AFFAIRS. THE PROGRAM CALLS FOR THE CREATION OF TWO (2) ITERATIONS OF MONTH LONG RESIDENCY AND TOUR OF THE UNITED STATES FOR MORE THAN A DOZEN WORLD CLASS MUSICIANS FROM NATIONS SUCH AS CHINA, PAKISTAN, CONGO, POLAND, VENEZUELA, HAITI AND OTHERS. THE PROGRAM BEGAN DURING FISCAL YEAR 2012 AND HAS BEEN EXTENDED THROUGH FISCAL YEAR 2028.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Savelson Executive Di | Officer | 40 | $120,087 |
Michael Gordon Member/artis | Trustee | $29,769 | |
David Lang Member/artis | Trustee | $27,898 | |
Julia Wolfe Member/artis | Trustee | $5,664 | |
Betto Arcos Member | Trustee | $0 | |
Dan Baldini Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,355,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,876,894 |
| Total Program Service Revenue | $695,623 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,572,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,087 |
| Compensation of current officers, directors, key employees. | $24,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $764,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,419 |
| Payroll taxes | $79,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,660 |
| Fees for services: Accounting | $35,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,559 |
| Advertising and promotion | $177,192 |
| Office expenses | $66,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,830 |
| Travel | $653,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397 |
| Insurance | $0 |
| All other expenses | $102,711 |
| Total functional expenses | $3,811,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057,784 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,737 |
| Prepaid expenses and deferred charges | $1,176 |
| Net Land, buildings, and equipment | $1,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,639 |
| Total assets | $1,215,981 |
| Accounts payable and accrued expenses | $113,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,865 |
| Total liabilities | $151,288 |
| Net assets without donor restrictions | $995,554 |
| Net assets with donor restrictions | $69,139 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,215,981 |