Bang On A Can Inc
- Assets
- $1.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Brooklyn, NY
- Founding
- 01/1988
- Data as of
- 08/2021
- 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 08/2021, Bang On A Can Inc employed 14 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 08/2021, Bang On A Can Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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
2021
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 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Savelson Executive Di | Officer | 40 | $110,000 |
Michael Gordon Member/artis | Trustee | 20 | $35,800 |
David Lang Member/artis | Trustee | 20 | $25,531 |
Julia Wolfe Member/artis | Trustee | 20 | $15,261 |
Betto Arcos Member | Trustee | $0 | |
Jeffrey Calman Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,235,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $555,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,791,098 |
| Total Program Service Revenue | $145,057 |
| Investment income | $1,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6 |
| 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 | $1,937,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,006 |
| Payroll taxes | $59,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $19,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100,132 |
| Office expenses | $229,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,140 |
| Travel | $46,138 |
| 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 | $66 |
| Insurance | $0 |
| All other expenses | $1,248 |
| Total functional expenses | $1,957,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,421 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,831 |
| Prepaid expenses and deferred charges | $1,176 |
| Net Land, buildings, and equipment | $1,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,639 |
| Total assets | $1,135,997 |
| Accounts payable and accrued expenses | $11,849 |
| 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 | $14,185 |
| Total liabilities | $26,034 |
| Net assets without donor restrictions | $1,109,963 |
| Net assets with donor restrictions | $0 |
| 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 | $1,135,997 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bang On A Can Inc has recieved totaling $90,537.
| Awarding Organization | Amount |
|---|---|
A & V Kulaev Cultural Heritage Fund Walnut, CA PURPOSE: THE DEBUT OF THE EXPANDED BANG ON A CAN ALL-STARS WAS A SMASHING SUCCESS! DESPITE THE CURRENT COVID OUTBREAK THEY WERE ABLE TO SAFELY SEAT 200 IN-PERSON GUESTS AND MORE THAN 1,000 PEOPLE WATCHED THE LIVE STREAM OF THE SHOW. | $23,000 |
Music And Dance Foundation Inc Florham Park, NJ PURPOSE: GENERAL | $20,000 |
The Jaffe Family Foundation Valley Cottage, NY PURPOSE: SUPPORT CHARITABLE PURPOSE | $15,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,500 |
Bishop Fund Brooklyn, OH PURPOSE: GENERAL | $9,000 |
Robert D Bielecki Foundation Inc New York, NY PURPOSE: ASSISTANCE FORMUSICALMARATHON | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |