BUILDING ARTS AND MINDS INC

EIN: 821890163 501(c)(3)

Halethorpe, MD

Total Revenue
$72,041
Total Expenses
$61,735
Total Assets
$13,174
Net Assets
$13,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MD
Principal Officer
Dennis Sykes
Phone
4102426082
Tax Period
2018-07-01 to 2019-06-30

BUILDING ARTS AND MINDS INC, founded in 2017, is a micro nonprofit that reported $72K in total revenue in fiscal year 2018. Revenue surged 1164% from the prior year, signaling strong growth momentum. Expenses of $62K left a modest 14% surplus.

Mission

Building Arts And Minds, Inc.'s (BAAM!) mission is: making art, improving minds. BAAM! is an arts-integrated, nonprofit dedicated to providing renewably-delivered, Out-of-School time and lifetime education, psychological well-being activities, and social connection programming to high school students, senior citizens and artists of all ages.

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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 (2018)

Revenue Breakdown

Contributions & Grants $72,041
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $72,041

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,682
Fundraising Expenses $0
Program Expenses $52,022
Other Expenses $36,053
TOTAL EXPENSES $61,735

Year-over-Year Comparison

2018 2017 Change
Revenue $72,041 $5,700 +11.6%
Expenses $61,735 $2,832 +20.8%
Net Income $10,306 $2,868 +2.6%
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
2
Independent Members
1
Employees
N/A
Volunteers
12

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
$21,281
Total Directors
1
$8,333
Key Employees
2
$21,281
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Holter President 20
Officer Director Key Emp
$8,333 $0 $8,333
Dennis Sykes CEO 35
Officer Key Emp Highest
$12,948 $0 $12,948
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
2019 $72,041 $61,735 $13,174 $10,306
2018 $5,700 $2,832 $2,868 $2,868
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