BARGEMUSIC LTD

EIN: 112451587 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$740,285
Total Expenses
$928,274
Total Assets
$578,748
Net Assets
$529,142
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
Mark Peskanov
Phone
7186244924
Tax Period
2024-09-01 to 2025-08-31

BARGEMUSIC LTD, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $740K in total revenue in fiscal year 2024. Expenses of $928K exceeded revenue, resulting in a 25% operating deficit.

Mission

FOR 45 YEARS BARGEMUSIC CONTINUES TO BE DEDICTED TO ENHANCING THE CULTURAL LIFE OF NEW YORK CITY BY PRESENTING CONCERTS YEAR ROUND MAKING THE ENTIRE CANON OF CHAMBER MUSIC ACCESSIBLE TO EVERYONE IN A UNIQUE FLOATING CONCERT HALL.

Program Service Accomplishments

Program 1
Expenses: $897,885

In its 47th season Bargemusic continued to provide opportunities for many unique voices active in NYC and globally and a special experience for the community and NYC visitors. All concerts took place...

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In its 47th season Bargemusic continued to provide opportunities for many unique voices active in NYC and globally and a special experience for the community and NYC visitors. All concerts took place on the Barge and at the Brooklyn Bridge Park Boathouse with magnificent views of the Manhattan skyline and a seating capacity of 74. In FY24 Sept 1, 2024 August 31,2025 Bargemusic presented more than 100 concerts in 75 programs including 90 Admission Free concerts. Programs included:The ECLECTIC SERIES featured composers Bach, Kreisler, Bacewicz, Harmon, Ysae, Beethoven, Chopin, Muczynski, Bolcom, Ravel, Schumann, Bansal, Ferneyhough, Liang, Taylor, Brahms, Boulanger, Massenet, Kapustin, Shostakovich, and performers included the Horszowski Trio, Kinga Augustyn, Daniel Schlosberg, Thomas Mesa, Ilya Yakushev, Aaron Larget-Caplan, Adam Tendler, and others in a series of concerts combining new & master works. THE HERE & NOW SERIES included concerts throughout the season, including the Labor Day Festival & a Korean-American composers series, and regularly featured women, BIPOC, and LGBTQIA artists and composers. It presented works by composers Wheeler, Taylor, Huebner, Schnyder, Regan, Hagen, Ueno, Hoffman, Piazzolla, Texu Kim, Juri Seo, Kyong Mee Choi, Hee Yun Kim, Leo Chang, Matthew Pellegrino and others, performed by David Taylor, Gregor Huebner, Daniel Schnyder, DUO YUMENO, Joel Hoffman, TRIO AGORA, Salley Koo, Dawn Dongeun Wohn, Daniel McDonough, Alexander Solomon. THE MASTERWORKS SERIES included quartets quintets, and concerti of Mozart, Beethoven, Haydn, Dohnanyi, Wieniawski, Sarasate, and solo, duo, trio, and Italian music festival, and chamber works by Bach, Chopin, Rachmaninoff, Schubert, Verdi, Kreisler, Gershwin, George Walker, Bartok, Haydn, Dvoak, Mendelssohn, Strauss, Brahms, Handel, Joplin, Cicoria, Bruckner, Rubenstein, Tchaikovsky, Irene Britton Smith, Barber, Harrison, Shostakovich, Ives, Dallapiccola, Petrassi, castelnuovo Tedesco, Morricone, Clementi, Donizetti, Rossini, Puccini, Sgambati, Cherubini, Mencarini, Caetani, Omizzolo, Scelsi, Rebora, Lombardi, Busoni, Casella, Malipiero, Giustini, Rota, Masi. Performers included Jeffrey Swann, Mark Peskanov, Yuliya Gorenman, Olga Vinokur, Miranda Cuckson, Doris Stevenson, Edward Arron, Jeewon Park, Christopher O'Riley, Sophia Agranovich, Maureen Volk, Alexandra Joan, Vincent Balse, Asiya Korepanova, Semplice Players, Nicholas Tzavaras, Rita Sloan, Amadi Azikiwe, Wendy Sutter, Blair McMillen, Joel Sachs, Roberto Prosseda,Carlo Alberto Bacchi, Francesca Antonucci, Fracesco mencarini, Andrea Mariani, Alessandra Ammara, Pietro Vaccari, Alessandro Riccardi, Adriano Murgia, Alessio Masi. THE ADMISSION FREE CONCERT SERIES included programs from all Bargemusic series and included a Q & A session with the musicians. Bargemusic offered discounted and free tickets to seniors, students, and children through January 2025 and all admission free programming subsequently. Bargemusic's programming continued to regularly feature artists and composers from traditionally underrepresented groups such as LBGTQIA, BIPOC, and persons with disabilities. Bargemusic continued to host and participate in publicly accessible music recitals for the Patricia Robinson Music School which serves African American students in the Bedford-Stuyvesant neighborhood of Brooklyn and host recitals for the Brooklyn Music Teachers Guild. Online, Bargemusic continued to livestream free concerts to homebound Holocaust survivors in the New York area and across the US.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $712,782
Program Service Revenue $27,397
Investment Income $106
Other Revenue $0
TOTAL REVENUE $740,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $405,694
Fundraising Expenses $0
Program Expenses $897,885
Other Expenses $522,580
TOTAL EXPENSES $928,274

Year-over-Year Comparison

2024 2023 Change
Revenue $740,285 $706,059 +0.0%
Expenses $928,274 $757,152 +0.2%
Net Income $-187,989 $-51,093 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
4
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
1
$246,115
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK PESKANOV PRESIDENT 2.00
Officer Director
$0 $0 $0
DR GEZA VON HABSBURG SECRETARY 2.00
Officer Director
$0 $0 $0
RITA SLOAN DIRECTOR 2.00
Director
$0 $0 $0
DAVID BOTTOMS TREASURER 2.00
Officer Director
$0 $0 $0
DEBORGE PINNINGTON DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH COYNE DIRECTOR 2.00
Director
$0 $0 $0
MARK PESKANOV EXECUTIVE/ARTISTIC DIRECTO 70.00
Key Emp
$246,115 $0 $246,115
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $740,285 $928,274 $578,748 $-187,989
2024 $706,059 $757,152 $794,537 $-51,093
2023 $623,317 $733,480 $862,866 $-110,163
2022 $620,885 $719,130 $895,143 $-98,245
2021 $642,612 $787,068 $1,003,010 $-144,456
2020 $598,116 $754,587 $1,177,423 $-156,471
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