BAM ENDOWMENT TRUST

EIN: 113112268 501(c)(3)

BROOKLYN, NY

Total Revenue
$7,397,959
Total Expenses
$15,144,819
Total Assets
$81,894,285
Net Assets
$79,894,285
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
JENNIFER ANGLADE
Phone
7186364110
Tax Period
2024-07-01 to 2025-06-30

BAM ENDOWMENT TRUST, founded in 1992, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $15.1M exceeded revenue, resulting in a 105% operating deficit.

Mission

THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE BROOKLYN ACADEMY OF MUSIC, INC.

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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 $69,980
Program Service Revenue $0
Investment Income $7,327,979
Other Revenue $0
TOTAL REVENUE $7,397,959

Expense Breakdown

Grants Paid $14,540,975
Salaries & Benefits $0
Fundraising Expenses $125,000
Program Expenses $14,540,975
Other Expenses $603,844
TOTAL EXPENSES $15,144,819

Year-over-Year Comparison

2024 2023 Change
Revenue $7,397,959 $4,297,390 +0.7%
Expenses $15,144,819 $13,459,572 +0.1%
Net Income $-7,746,860 $-9,162,182 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
2
$395,807
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN H FISHMAN TRUSTEE 0.50
Director
$0 $0 $0
ALBERTO SANCHEZ TRUSTEE 0.50
Director
$0 $0 $0
ELIZABETH HOLTZMAN TRUSTEE 0.50
Director
$0 $0 $0
GABRIEL PIZZI CHAIR 5.00
Officer Director
$0 $0 $0
JAMES MCLAREN TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER KOPYLOV TRUSTEE 0.50
Director
$0 $0 $0
MARCEL PRZYMUSINSKI TRUSTEE 0.50
Director
$0 $0 $0
R EDWARD SPILKA TRUSTEE 0.50
Director
$0 $0 $0
SCOTT MCDONALD TRUSTEE 0.50
Director
$0 $0 $0
STEVEN G FELSHER TRUSTEE 0.50
Director
$0 $0 $0
TIMOTHY SEBUNYA TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER ANGLADE TREASURER 5.00
Officer
$0 $57,693 $395,807
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 $7,397,959 $15,144,819 $81,894,285 $-7,746,860
2024 No data No data No data No data
2023 $1,418,152 $12,639,570 $91,883,280 $-11,221,418
2022 $5,021,275 $5,353,070 $93,445,467 $-331,795
2021 $5,566,840 $8,215,379 $106,959,115 $-2,648,539
2020 $1,747,845 $10,206,048 $92,803,010 $-8,458,203
2019 $2,937,748 $4,982,850 $101,180,760 $-2,045,102
2018 $8,294,486 $8,123,627 $99,876,442 $170,859
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