Bang Group Inc
- Assets
- $2.8m
- Revenue
- $554.1k
- Investments
- $1.9m
- Employees
- 4
- Location
- New York, NY
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 13-3836585
Organization Overview
Bang Group Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Bang Group Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bang Group 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 12/2021, Bang Group Inc generated $554.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $551.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRESENTED CONTEMPORARY DANCE PERFORMANCES AT VARIOUS VENUES IN THE UNITED STATES, CONDUCTED DANCE WORKSHOPS, AND ASSISTED A THEATRE IN NYC WITH ITS PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Parker President | 40 | $141,269 | |
Jeffrey A Kazin Vice-President, Treasurer | 40 | $62,648 | |
Bridget Brown Secretary | 1 | $0 | |
Marta Miller Director | 1 | $0 | |
Emily Altman Director | 1 | $0 | |
Michael Isbell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,797 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,416 |
| Capital Gain Net Income | $166,416 |
| Net ST Capital Gain | $20,658 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $251,655 |
| Total Revenue | $554,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $203,917 |
| Other employee salaries and wages | $70,475 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,688 |
| Depreciation | $2,737 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $42,577 |
| Printing and publications | $0 |
| Other expenses | $134,950 |
| Total operating and administrative expenses | $551,097 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $551,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,778 |
| Savings and temporary cash investments | $43,358 |
| Net Accounts receivable | $6,130 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $16,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $157,436 |
| Net Land, buildings, and equipment | $11,360 |
| Other assets | $719,500 |
| Total assets | $2,768,718 |
| Accounts payable and accrued expenses | $40,742 |
| 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 | $40,742 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bang Group Inc has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
The Frederick Loewe Foundation Inc New York, NY PURPOSE: GENERAL PURPOSES | $5,000 |
Scherman Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $1,419,627 |
| Earnings | -$72,806 |
| Admin Expense | $14,024 |
| Net Contributions | $996,000 |
| Other Expense | $279,000 |
| Ending Balance | $2,049,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |
Brooklyn Academy Of Music Inc Brooklyn, NY | $168,013,887 | $29,572,079 |
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
New Haven Center For Performing Arts Inc Waterbury, CT | $12,801,705 | $9,109,828 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |