THE HIP HOP MUSEUM

EIN: 465278190 501(c)(3) Arts, Culture & Humanities

BRONX, NY

Total Revenue
$2,410,810
Total Expenses
$2,243,452
Total Assets
$2,951,772
Net Assets
$2,284,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
DANIEL BUCANO
Phone
8778295500
Tax Period
2023-01-01 to 2023-12-31

THE HIP HOP MUSEUM, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 282% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 7% surplus.

Mission

THE HIP HOP MUSEUM PRESERVES THE PAST, CELEBRATES THE PRESENT, AND LEADS THE GLOBAL FUTURE OF HIP HOP, INSPIRING, EDUCATING, AND EMPOWERING ALL.

Program Service Accomplishments

Program 1
Expenses: $239,494 Revenue: $217,732

THE [R]EVOLUTION OF HIP HOP AT BRONX TERMINAL MARKET:THE [R]EVOLUTION OF HIP HOP CONTINUED TO DRAW THOUSANDS OF VISITORS TO AN IMMERSIVE JOURNEY THAT CELEBRATED THE HISTORY AND FIVE CORE ELEMENTS OF...

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THE [R]EVOLUTION OF HIP HOP AT BRONX TERMINAL MARKET:THE [R]EVOLUTION OF HIP HOP CONTINUED TO DRAW THOUSANDS OF VISITORS TO AN IMMERSIVE JOURNEY THAT CELEBRATED THE HISTORY AND FIVE CORE ELEMENTS OF HIP HOP: MC-ING, DJ-ING, BREAKDANCING, AEROSOL ART, AND KNOWLEDGE. THIS EXPERIENCE INTEGRATED ARCHIVAL MATERIAL, EXPERIMENTAL STORYTELLING TECHNIQUES, AND DYNAMIC INTERACTIVE EXHIBITS, ALLOWING GUESTS TO EXPLORE HIP HOP'S GLOBAL INFLUENCE FROM ITS ROOTS IN THE BRONX. THROUGH HANDS-ON INTERACTIONS AND MULTIMEDIA PRESENTATIONS, VISITORS ENGAGED DEEPLY WITH THE CULTURE, BUILDING APPRECIATION FOR HIP HOP'S ROLE AS A POWERFUL MEDUIM OF SOCIAL EXPRESSION AND TRANSFORMATION. THIS PROGRAM DIRECTLY SUPPORTED THE MUSEUM'S MISSION BY EDUCATING THE PUBLIC ON HIP HOP'S ORIGINS AND FOSTERING A SHARED UNDERSTANDING OF ITS ONGOING CULTURAL IMPACT.

Program 2
Expenses: $180,000

THE DRIP HIP HOP FASHION SHOW AT THE HARD ROCK HOTEL:THE DRIP HIP HOP FASHION SHOW SHOWCASED THE INTERSECTION OF HIP HOP AND FASHION BY FEATURING DESIGNS FROM LEGENDARY FIGURES LIKE DAPPER DAN...

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THE DRIP HIP HOP FASHION SHOW AT THE HARD ROCK HOTEL:THE DRIP HIP HOP FASHION SHOW SHOWCASED THE INTERSECTION OF HIP HOP AND FASHION BY FEATURING DESIGNS FROM LEGENDARY FIGURES LIKE DAPPER DAN ALONGSIDE EMERGING TALENT. THIS EVENT CELEBRATED THE FASHION LEGACY OF HIP HOP, WHICH HAS INFLUENCED GLOBAL STYLE AND IDENTITY FOR GENERATIONS. THE SHOW HIGHLIGHTED HIP HOP'S ROLE AS A CULTURAL FORCE THAT RESHAPES ARTISTIC EXPRESSION AND AMPLIFIES MARGINALIZED VOICES. BY PROMOTING NEW DESIGNERS ALONGSIDE ESTABLISHED NAMES, THE MUSEUM SUPPORTED ITS MISSION TO UPLIFT AND EMPOWER CREATIVIE COMMUNITIES WITHIN HIP HOP CULTURE. THE DRIP FASHION SHOW PROVIDED ATTENDEES WITH A VIBRANT, EDUCATIONAL EXPERIENCE THAT UNDERSCORED HIP HOP'S SIGNIFICANT CONTRIBUTIONS TO THE FASHION INDUSTRY AND INSPIRED ATTENDEES TO CONSIDER FASHION'S ROLE IN CULTURAL STORYTELLING.

Program 3
Expenses: $988,468

THE HIP HOP 50 CELEBRATION:TO COMMEMORATE HIP HOP'S 50TH ANNIVERSARY, THE MUSEUM ORGANIZED A SERIES OF CELEBRATORY EVENTS, INCLUDING A FREE OUTDOOR CONCERT AT MILL POND PARK AND A HIGH-PROFILE...

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THE HIP HOP 50 CELEBRATION:TO COMMEMORATE HIP HOP'S 50TH ANNIVERSARY, THE MUSEUM ORGANIZED A SERIES OF CELEBRATORY EVENTS, INCLUDING A FREE OUTDOOR CONCERT AT MILL POND PARK AND A HIGH-PROFILE CONCERT YANKEE STADIUM. THESE EVENTS ATTRACTED A BROAD AUDIENCE OF FANS, ARTISTS, AND SUPPORTERS WHO GATHERED TO HONOR THE LEGACY AND FUTURE OF HIP HOP. THE OUTDOOR CONCERT, FREE TO THE PUBLIC, STRENGTHENED COMMUNITY TIES. BY BRINGING TOGETHR LEGENDS AND CONTEMPORARY ARTISTS, THESE CELEBRATIONS SPOTLIGHTED HIP HOP'S RICH HISTORY AND CONTINUED INFLUENCE. THESE CELEBRATIONS ALIGNED CLOSELY WITH THE MUSEUM'S MISSION, PROVIDING AN INCLUSIVE SPACE TO HONOR THE CONTRIBUTIONS OF HIP HOP PIONEERS, CELEBRATE THE GENRE'S RESILIENCE, AND INSPIRE FUTURE GENERATIONS OF CREATORS AND LEADERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,193,078
Program Service Revenue $152,319
Investment Income $0
Other Revenue $65,413
TOTAL REVENUE $2,410,810

Expense Breakdown

Grants Paid $6,500
Salaries & Benefits $333,067
Fundraising Expenses $678,235
Program Expenses $1,407,962
Other Expenses $1,751,156
TOTAL EXPENSES $2,243,452

Year-over-Year Comparison

2023 2022 Change
Revenue $2,410,810 $630,835 +2.8%
Expenses $2,243,452 $1,598,410 +0.4%
Net Income $167,358 $-967,575 -1.2%
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
8
Independent Members
7
Employees
6
Volunteers
50

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
$111,333
Total Directors
8
$111,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL BUCANO EXECUTIVE DIRECTOR 40.00
Officer Director
$111,333 $0 $111,333
ADAM SILVERSTEIN TRUSTEE 40.00
Director
$0 $0 $0
PETER BITTENBENDER TRUSTEE 1.00
Director
$0 $0 $0
BRUCE JACKSON TRUSTEE 1.00
Director
$0 $0 $0
FAITH NEWMAN TRUSTEE 1.00
Director
$0 $0 $0
RUBEN DIAZ JR TRUSTEE 1.00
Director
$0 $0 $0
LU SHAWN THOMPSON TRUSTEE (FROM JUNE 2023) 1.00
Director
$0 $0 $0
SISSI JOHNSON TRUSTEE (FROM AUGUST 2023) 1.00
Director
$0 $0 $0
ROBERT REID TREASURER 16.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $2,410,810 $2,243,452 $2,951,772 $167,358
2022 $630,835 $1,598,410 $2,719,194 $-967,575
2021 $3,650,128 $673,439 $3,670,779 $2,976,689
2020 $216,519 $338,003 $899,400 $-121,484
2019 $198,966 $249,737 $299,074 $-50,771
2019 $308,553 $259,737 $69,204 $48,816
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