Universal Hip Hop Museum
- Assets
- $3.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Bronx, NY
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 46-5278190
Organization Overview
Universal Hip Hop Museum is located in Bronx, NY. The organization was established in 2015. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Universal Hip Hop Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Hip Hop Museum 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, Universal Hip Hop Museum generated $3.7m in total revenue. All expenses for the organization totaled $673.4k during the year ending 12/2021. While expenses have increased by 87.9% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSAL HIP HOP MUSEUM IN THE BRONX CELEBRATES AND PRESERVES THE HISTORY OF LOCAL AND GLOBAL HIP HOP MUSIC AND CULTURE TO INSPIRE, EMPOWER, AND PROMOTE UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE [R]EVOLUTION OF HIP HOP IS AN IMMERSIVE JOURNEY THROUGH HIP HOP HISTORY, CONCEIVED BY CREATIVE AGENTS FROM MULTIPLE ARTISTIC BACKGROUNDS THAT EMPLOY ARCHIVES AND EXPERIMENTAL STORYTELLING TECHNIQUES FOCUSIN ON THE FIVE ELEMENTS OF HIP HOP: MC-ING, DJ-ING, BREAKDANCING, AEROSOL ART, AND KNOWLEDGE.
IN 2021, IN PARTNERSHIP WITH THE CITY OF NEW YORK AND IDEKO, THE MUSEUM COMMEMORATED AND CELEBRATED THE 48TH ANNIVERSARY OF THE BIRTH OF THE CULTURE WITH A HISTORY-MAKING FREE CONCERT SERIES, "IT'S TIME FOR HIP HOP IN NYC SUMMER 2021." THE CONCERT SERIES WAS PRESENTED FROM AUGUST 16, 2021 TO AUGUST 20, 2021 AND REPRESENTED A COMEBACK FROM TH DARKEST DAYS OF THE COVID PANDEMIC. AN ARRAY OF HIP HOP AND HIP HOP INFLUENCED ARTISTS (LATIN FREESTYLE, DANCE, TECHNO AND FUNK) REPRESENTING EVERY ERA TOOK TO NEW YORK CITY'S OUTDOOR STAGES IN THE BRONX, STATEN ISLAND, BROOKLYN AND QUEENS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bucano Executive Director | Officer | 40 | $63,546 |
Reginald Peters Trustee | Trustee | 20 | $22,550 |
Robert Reid Treasurer | Officer | 8 | $0 |
Adam Silverstein Trustee | Trustee | 35 | $0 |
Nana Carmen Ashhurst Board Chair | Trustee | 1 | $0 |
Keith Clinkscales Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,473,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,476,573 |
| Total Program Service Revenue | $173,555 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $3,650,128 |
| 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. | $86,097 |
| Compensation of current officers, directors, key employees. | $15,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,041 |
| Fees for services: Management | $35,291 |
| Fees for services: Legal | $1,725 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $60,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,543 |
| Advertising and promotion | $80,300 |
| Office expenses | $5,007 |
| Information technology | $0 |
| Royalties | $1,100 |
| Occupancy | $0 |
| Travel | $29,133 |
| 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 | $0 |
| Insurance | $8,727 |
| All other expenses | $21,035 |
| Total functional expenses | $673,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,079 |
| Savings and temporary cash investments | $2,279 |
| Pledges and grants receivable | $2,322,167 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,139 |
| Net Land, buildings, and equipment | $563,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $3,670,779 |
| Accounts payable and accrued expenses | $586,035 |
| 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 | $0 |
| Total liabilities | $586,035 |
| Net assets without donor restrictions | $485,577 |
| Net assets with donor restrictions | $2,599,167 |
| 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 | $3,670,779 |
Grants Awarded
Over the last fiscal year, Universal Hip Hop Museum has awarded $65,776 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOMOS HEALTHCARE PROVIDERS | | | $32,888 |
DREAM YARD PRODUCT | | | $32,888 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Universal Hip Hop Museum has recieved totaling $382,839.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: HIP HOP SCIENCE | $302,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $67,148 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $11,905 |
A C Israel Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,500 |
Caplan Family Foundation Inc Owings Mills, MD PURPOSE: TO HELP CELEBRATE AND PRESERVE THE HISTORY OF LOCAL AND GLOBAL HIP-HOP MUSIC AND CULTURE TO INSPIRE, EMPOWER AND PROMOTE UNDERSTANDING | $100 |
Western Union Foundation Inc Denver, CO PURPOSE: GIFT MATCHING GRANT | $100 |
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 |