Bump Inc
- Assets
- $42.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 11/2006
- Data as of
- 06/2023
- EIN
- 20-5410127
Organization Overview
Bump Inc is located in Durham, NC. The organization was established in 2006. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Bump 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 06/2023, Bump Inc generated $143.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $111.5k during the year ending 06/2023. While expenses have increased by 17.3% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED AFRICAN DIASPORIC MUSIC WORKSHOPSRESIDENCIESCAMPS AND CLASSES TO INNER-CITY YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damond Haynes Board Co-President | 5 | $0 | |
Zawadi B Walker Board Co-President | 5 | $0 | |
Katie A Lawson JD Llm Board Treasurer | 5 | $0 | |
Ada Milenkovic Brown Board Secretary | 5 | $0 | |
Joy Harrell Goff Executive Director | 40 | $28,794 | |
Adrian Tucker Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,889 |
| Total Program Service Revenue | $16,236 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,757 |
| Total Revenue | $143,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,843 |
| Professional fees and other payments to independent contractors | $43,669 |
| Occupancy, rent, utilities, and maintenance | $1,400 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $26,381 |
| Total expenses | $111,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,491 |
| Other assets | $0 |
| Total assets | $42,183 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,183 |