2023-05-12T21:52:43-05:00 2022-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2021-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364110 30 LAFAYETTE AVENUE BROOKLYN NY 11217 JENNIFER ANGLADE CFO & VP OF FINANCE 7187248244 2023-04-18 1 JENNIFER ANGLADE 999009999 MAGDALENA CZERNIAWSKI P00535099 2125038800 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z GINA DUNCAN 30 LAFAYETTE AVENUE BROOKLYN NY 11217 48610270 0 X WWW.BAM.ORG X 1861 NY BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 34 32 654 32 0 0 28862628 35101328 620368 11195708 2452 -564 86631 743523 29572079 47039995 2350 2308 0 0 17561685 28140406 0 0 5915447 7882324 16733282 25446359 44875996 4125720 2163999 168013887 157007809 11187442 11509466 156826445 145498343 X BAM'S MISSION IS TO BE THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 0 0 9624516 8130171 FY2022 A NEW YORK/SPRING SEASONBAM'S FY2022 A NEW YORK/SPRING SEASON FEATURED 23 PRESENTATIONS, SHOWCASING THE DIVERSITY, VITALITY, AND RESILIENCE OF NEW YORK CITY'S PERFORMING ARTS COMMUNITY AS WELL AS ARTISTS AND COMPANIES FROM 11 COUNTRIES, INCLUDING AUSTRALIA, BRAZIL, GERMANY, GHANA, ISRAEL, JAPAN, NIGER, PALESTINE, SYRIA, THE UNITED KINGDOM, AND THE UNITED STATES. HIGHLIGHTS INCLUDED: KIKI & HERB SLEIGH AT BAM, A SPECIAL HOLIDAY PERFORMANCE FROM LEGENDARY CABARET DUO KIKI AND HERB (NOV. 30-DEC. 4, 2021; BAM HARVEY THEATER), ANNIE-B PARSON/BIG DANCE THEATER'S NEWEST PRODUCTION, THE MOOD ROOM, WHICH EXAMINED THE TOXICITY OF SELF-HELP CULTURE VIA THE WORK OF FRENCH ARTIST AND PLAYWRIGHT, GUY DE COINTET (NOV. 30-DEC. 5, 2021; BAM FISHMAN SPACE.); A SERIES OF CONCERTS CURATED BY WRITER HANIF ABDURRAQIB, FEATURING PERFORMANCES BY DAWN RICHARD, MOSES SUMNEY, DEVONTE HYNES, MAVIS STAPLES, AND OTHERS (SPRING 2022; ALL BAM VENUES); CRIA, BRAZILIAN CHOREOGRAPHER ALICE RIPOLL'S EXUBERANT BLEND OF FUNK, SAMBA, AND BREAKDANCE, PERFORMED BY AN ALL-BLACK DANCE TROUPE OF CIS- AND TRANSGENDER ARTISTS (MAR. 29-APR. 2, 2022; BAM FISHER FISHMAN SPACE); CYRANO DE BERGERAC, PLAYWRIGHT MARTIN CRIMP'S ADAPTATION OF THE FRENCH CLASSIC, STARRING JAMES MCAVOY AND DIRECTED BY JAIME LLOYD (APR. 5-MAY 22, 2022; HARVEY THEATER AT BAM STRONG); AND GISELLE, A SPECTACULAR REIMAGINING OF THE STORY BALLET FROM AKRAM KHAN, PERFORMED BY TAMARA ROJO AND ENGLISH NATIONAL BALLET (JUN. 8-11, 2022; BAM HOWARD GILMAN OPERA HOUSE). 3149899 2000 487422 FY2022 EDUCATION PROGRAMSBAM EDUCATION EXPANDED THE SCOPE AND REACH OF ITS IN-SCHOOL RESIDENCY OFFERINGS AND SUCCESSFULLY RETURNED TO IN-PERSON ITERATIONS OF ALL AREAS OF PROGRAMMING. THIS INCLUDED LONGTIME IN-SCHOOL PROGRAMS DANCEAFRICA IN THE CLASSROOM, WHICH ENGAGES STUDENTS IN GRADES K-8 IN THE DANCE, MUSIC, AND ARTISTIC TRADITIONS OF AFRICA AND ITS DIASPORA; AND WORD. SOUND. POWER. IN THE CLASSROOM, WHICH ENCOURAGES HIGH SCHOOL STUDENTS TO READ, WRITE, AND REFLECT THROUGH THE STUDY OF SPOKEN WORD PERFORMANCE; AS WELL AS THE LAUNCH OF IN-SCHOOL RESIDENCY (RE)CENTERING THEATER, WHICH ENGAGES STUDENTS IN GRADES 9-12 WITH THE WORK OF PLAYWRIGHTS OUTSIDE OF THE TRADITIONAL THEATER CANON. AFTER-SCHOOL PROGRAMS INCLUDED ARTS & JUSTICE, A DEVISED THEATER PROGRAM THAT EMPOWERS HIGH SCHOOL STUDENTS TO CREATE CHANGE IN THEIR COMMUNITY, WHICH CENTERED AROUND THE THEME OF "PERSONAL PERCEPTION, SELF-ESTEEM, AND INTERGENERATIONAL TRAUMA; IN SPRING 2022" DANCE IN FOCUS, A NEW INTENSIVE CHOREOGRAPHY LAB FOR ASPIRING DANCEMAKERS IN GRADES 9-12; AND BROOKLYN INTERNS FOR ARTS AND CULTURE, A COLLEGE PREPARATION AND CAREER READINESS PROGRAM FOR HIGH-SCHOOL SENIORS. BAMKIDS FAMILY PROGRAMMING INCLUDED: A VIRTUAL PERFORMANCE EVENT FEATURING SINGER, RAPPER, AND BEATBOXER VERBAL ASE; SONG OF THE NORTH, A LARGE-SCALE MIXED MEDIA AND SHADOW-PUPPET WORK BY HAMID RAHMANIAN; THE 24TH BAMKIDS FILM FESTIVAL; AND TWO LIVE OUTDOOR ARTS FESTIVALS. 3080712 1529921 FY2022 FILM PROGRAMSBAM FILM RETURNED IN-PERSON TO THE BAM ROSE CINEMAS AND ENGAGED AUDIENCES THROUGH A DIVERSE RANGE OF CINEMA FROM AROUND THE WORLD, WITH A FOCUS ON WORKS BY UNDERREPRESENTED FILMMAKERS. HIGHLIGHTS INCLUDED: BRAZILIAN MODERNISM AT 100, WHICH EXPLORED THE PLURALISTIC SPIRIT THAT CHARACTERIZED BRAZILIAN FILM CULTURE; CARELESS CRIME + THE FILMS OF SHAHRAM MOKRI, WHICH SHOWCASED THE EXPERIMENTAL WORK OF THE IRANIAN AUTEUR; AND THE 30TH ANNIVERSARY OF ERNEST DICKERSON'S NEO-NOIR JUICE. IN ADDITION, BAMCINEMAFEST RETURNED IN-PERSON IN 2022, SHOWCASING 11 NEW YORK PREMIERES AND ONE WORLD PREMIERE SCREENING. THESE INCLUDED LILY GLADSTONE'S THE UNKNOWN COUNTRY; FREE CHOL SOO LEE FROM JULIE HA AND EUGENE YI; TYLER TAORMINA'S HAPPER'S COMET; RAMIN BAHRANI'S 2ND CHANCE; AND NOTHING LASTS FOREVER, JASON KOHN'S DOCUMENTARY UNMASKING OF THE SECRETIVE DIAMOND INDUSTRY. 17530831 308 1048194 EXPENSES IN THIS CATEGORY INCLUDE 2021 FALL SEASON, COMMUNITY AND ART PROGRAMMING. EXPENSES IN THIS CATEGORY ALSO INCLUDE OVERHEAD COSTS COVERING PRODUCTION MANAGEMENT, ARTIST SERVICES, MARKETING, AND BUILDING OPERATIONS ALL IN SUPPORT OF THE ORGANIZATION'S PROGRAMMING. BAM RENTS ITS THEATERS AND PUBLIC SPACES TO COMMERCIAL AND NON-PROFIT GROUPS, AS WELL AS COMMUNITY ORGANIZATIONS AND INDIVIDUALS. 17530831 308 1048194 33385958 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 238 0 1 654 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 34 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JENNIFER ANGLADE - CFO & VP OF FINANCE 7187248244 30 LAFAYETTE AVENUE BROOKLYN NY 11217 GINA DUNCAN PRESIDENT 40.00 X X 0 0 0 TIMOTHY SEBUNYA VICE CHAIR 5.00 0.50 X X 0 0 0 JAMES I MCLAREN TREASURER 5.00 0.50 X X 0 0 0 NORA ANN WALLACE CHAIR 5.00 0.50 X X 0 0 0 NATALIA CHEFER VICE CHAIR 5.00 X X 0 0 0 DOUG STEINER TRUSTEE 0.50 X 0 0 0 TONY BECHARA TRUSTEE 0.50 X 0 0 0 STEVEN G FELSHER TRUSTEE 0.50 0.50 X 0 0 0 SCOTT MCDONALD TRUSTEE 0.50 X 0 0 0 ROBERTA GARZA TRUSTEE 0.50 X 0 0 0 RICHARD E FELDMAN TRUSTEE 0.50 X 0 0 0 MARYANNE GILMARTIN TRUSTEE 0.50 X 0 0 0 MARK N DIKER TRUSTEE 0.50 X 0 0 0 LENNY H SINGLETARY TRUSTEE 0.50 X 0 0 0 JOSEPH A STERN TRUSTEE 0.50 X 0 0 0 JOHN USDAN TRUSTEE 0.50 X 0 0 0 WILLIAM I CAMPBELL TRUSTEE 0.50 X 0 0 0 FRANCES A RESHESKE TRUSTEE (OUTGOING) 0.50 X 0 0 0 EDGAR A LAMPERT TRUSTEE 0.50 X 0 0 0 CLAIRE WOOD TRUSTEE 0.50 X 0 0 0 DINYAR S DEVITRE TRUSTEE 0.50 X 0 0 0 JEANNE DONOVAN FISHER TRUSTEE 0.50 X 0 0 0 DAVID L PICKET TRUSTEE 0.50 X 0 0 0 AHRIN MISHAN TRUSTEE 0.50 X 0 0 0 ALEXA DAVIDSON SUSKIN TRUSTEE 0.50 X 0 0 0 ANNE HUBBARD TRUSTEE 0.50 X 0 0 0 AXEL STAWSKI TRUSTEE 0.50 X 0 0 0 BARRY M FOX TRUSTEE 0.50 X 0 0 0 CHERYL DELLA ROSA TRUSTEE 0.50 X 0 0 0 BARTHOLOMEW A SHEEHAN III TRUSTEE 0.50 X 0 0 0 BRIGITTE VOSSE TRUSTEE 0.50 X 0 0 0 DIANE L MAX TRUSTEE 0.50 X 0 0 0 BRIAN STAFFORD TRUSTEE 0.50 X 0 0 0 ADAM WOLFENSOHN TRUSTEE 0.50 X 0 0 0 MARK JACKSON LEGAL COUNSEL & SECRETARY 40.00 X 176284 0 38135 DAVID BINDER ARTISTIC DIRECTOR 40.00 X 519167 0 48150 ELIZABETH N MOREAU CO-INTERIM PRES, ASSOC. VP & SR. PRODUCER 40.00 X 265723 0 45504 COURTNEY KILLINGSWORTH CO-INTERIM PRES.,VP OF CREATIVE SOC. 40.00 X 347368 0 61774 STACY MARGOLIS VP OF DEVELOPMENT 40.00 X 267034 0 56580 JENNIFER ANGLADE CO-INTERIM PRES.,CFO & VP OF FINANCE 40.00 5.00 X 324395 0 48449 KENT DAVIDSON VP OF MARKETING & COMMUNICATIONS 40.00 X 134129 0 26322 WILLIAM A LEE ASSOCIATE VP, IT 40.00 X 200041 0 46213 SETH AZIZOLLAHOFF ASSOC VP, HR & FACILITIES 40.00 X 200784 0 26482 CLEMENTE LUNA DIRECTOR OF INSTITUTIONAL GIVING 40.00 X 162215 0 29530 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 40.00 X 163666 0 30528 WILLIAM LYNCH DIRECTOR OF LEAD. GIFTS 25.00 X 173243 0 25189 KATY CLARK PRESIDENT (FORMER) 40.00 X 242335 0 13067 3176384 0 495923 34 1 1 0 HUNTER ROBERTS CONSTRUCTION GROUP 55 WATER ST 51ST FLOOR NEW YORK NY 10041 CONSTRUCTION MANAGEMENT 1050000 LEHMANN MAUPIN LLC PO BOX 20496 NEW YORK NY 10011 ARTIST FEE 573790 KAUFF MCGUIRE & MARGOLIS LLP 950 THIRD AVE 14TH FLOOR NEW YORK NY 10022 LEGAL SERVICES 414495 SPENCER STUART PO BOX 98991 CHICAGO IL 60693 CONSULTING SERVICES 229206 MARKS PANETH LLP 685 THIRD AVE NEW YORK NY 10017 AUDIT & TAX SERVICES 134889 9 1278374 4613204 18450601 10759149 1306377 35101328 PERFORMANCE INCOME 711110 9434894 9434894 BAM ROSE CINEMA 711110 1529921 1529921 BAM ART REVENUE 900099 230893 230893 11195708 678 678 63890 63890 1779749 1403527 376222 376222 376222 1242 -1242 -1242 -1242 88730 1278374 165506 -76776 -76776 MANAGEMENT FEES 561000 250000 250000 BAZAAR INCOME 900099 98475 98475 MISCELLANEOUS INCOME 900099 19950 19950 11762 11762 380187 47039995 11562891 0 375776 2308 2308 3006445 1651218 671589 683638 18042148 13359532 2003728 2678888 1109300 885726 87576 135998 3904232 2983828 392762 527642 2078281 1568465 217838 291978 159668 28718 127938 3012 36000 36000 4339223 3879381 296015 163827 1530251 1426722 103529 842876 541099 292878 8899 704606 689863 11035 3708 2225091 2213922 11169 1242441 1217452 4365 20624 96075 96075 1432967 1070551 178686 183730 357460 25802 331658 PRODUCTION EXPENSES 1403543 1326671 28114 48758 FILM RENTAL 563140 563140 MISC. AND OPER. ALLOC. 492464 -470354 433766 529052 HOSPITALITY AND SPECIAL 458372 158746 6659 292967 849105 263168 357909 228028 44875996 33385958 5574591 5915447 25250 17005 2502464 2047811 10915802 11476061 741778 747990 47443 50890 507461 545874 67607626 19729220 46005332 47878406 107268357 94243772 168013887 157007809 3803832 4331030 8225 468165 2573896 2493336 3880700 3550000 920789 666935 11187442 11509466 X 40120904 44149146 116705541 101349197 156826445 145498343 168013887 157007809 X 2163999 -13492101 X X 0 1 X 1 0 X 39951167 39789029 41878868 28862628 35101427 185583119 39951167 39789029 41878868 28862628 35101427 185583119 185583119 2362002 3808279 6613665 301338 1844317 14929601 1193824 721390 639515 286750 532708 3374187 203886907 49068678 0.91020 0.90440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 64,122. 2018 AMOUNT: $ 142,158. 2019 AMOUNT: $ 310,077. 2020 AMOUNT: $ 10,271. 2021 AMOUNT: $ 19,950. FUNDRAISING REVENUE - 2017 AMOUNT: $ 685,860. 2018 AMOUNT: $ 92,595. 2019 AMOUNT: $ 1,800. 2020 AMOUNT: $ 21,140. 2021 AMOUNT: $ 88,631. MANAGEMENT FEES - 2017 AMOUNT: $ 203,441. 2018 AMOUNT: $ 201,570. 2019 AMOUNT: $ 252,608. 2020 AMOUNT: $ 251,522. 2021 AMOUNT: $ 250,000. BAZAAR INCOME - 2017 AMOUNT: $ 106,800. 2018 AMOUNT: $ 113,700. 2021 AMOUNT: $ 98,475. CONSULTING INCOME - 2017 AMOUNT: $ 12,733. 2018 AMOUNT: $ 8,350. 2019 AMOUNT: $ 5,692. MAILING LIST - 2017 AMOUNT: $ 16,496. 2018 AMOUNT: $ 27,292. 2019 AMOUNT: $ 4,940. 2020 AMOUNT: $ 2,687. 2021 AMOUNT: $ 3,032. CAFETERIA INCOME - 2017 AMOUNT: $ 93,741. 2018 AMOUNT: $ 101,525. 2019 AMOUNT: $ 60,989. 2021 AMOUNT: $ 63,890. BOUTIQUE SALES - 2017 AMOUNT: $ 10,631. 2018 AMOUNT: $ 34,200. 2019 AMOUNT: $ 3,409. 2020 AMOUNT: $ 1,130. 2021 AMOUNT: $ 8,730. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36000 0 36000 44879996 44915996 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 72000 66000 45000 36000 219000 250000 250000 250000 250000 1000000 1500000 72000 66000 45000 36000 219000 250000 1 106944016 47048 -8653727 4613204 292178 93433236 92780429 21467 22119816 7687204 290492 106944016 101160417 72000 1450320 9599095 303213 92780429 99853636 50639 5946383 4449813 240428 101160417 95779598 2851674 9345991 7478996 644631 99853636 0.03677 0.89794 0.06529 0 1 1 2509919 1221707 1288212 16320322 13758388 2561934 5679994 4462074 1217920 43097391 287051 42810340 47878406 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 93433236 SECURITY DEPOSITS 44486 457B PLAN ASSETS 176060 STRAND THEATER TENANTS' RESERVE 14672 DUE FROM BAM ENDOWMENT TRUST 73 PAYROLL DEPOSITS 575245 94243772 DUE TO NYC CIRS 666935 666935 X 48329418 -114104 -114104 48443522 -1403527 -1403527 47039995 46165419 1403527 1403527 44761892 114104 114104 44875996 PART V, LINE 4: THE ENDOWMENT FUNDS REPORTED IN PART V ARE BEING ADMINISTERED THROUGH THE BAM ENDOWMENT TRUST, A SUPPORTING ORGANIZATION AS DEFINED IN CODE SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE EARNINGS OF THE TRUST ARE USED EXCLUSIVELY TO ASSIST BAM IN CARRYING OUT ITS MISSION. PART X, LINE 2: BAM BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES -114,104. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -1,403,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,403,527. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING EXPENSES 114,104. BAM GALA 2022 1367104 1278374 88730 3417 142053 20036 1367104 1278374 88730 3417 142053 20036 165506 -76776 X X X X X 1 1 0 0 0 0 0 1 0 DAVID BINDER ARTISTIC DIRECTOR 468026 0 50000 0 1141 0 32190 0 15960 0 567317 0 0 0 COURTNEY KILLINGSWORTH CO-INTERIM PRES.,VP OF CREATIVE SOC. 346840 0 0 0 528 0 32190 0 29584 0 409142 0 0 0 JENNIFER ANGLADE CO-INTERIM PRES.,CFO & VP OF FINANCE 324023 0 0 0 372 0 32190 0 16259 0 372844 0 0 0 STACY MARGOLIS VP OF DEVELOPMENT 247078 0 0 0 19956 0 29641 0 26939 0 323614 0 0 0 ELIZABETH N MOREAU CO-INTERIM PRES, ASSOC. VP & SR. PRO 265453 0 0 0 270 0 29495 0 16009 0 311227 0 0 0 KATY CLARK PRESIDENT (FORMER) 22183 0 0 0 220152 0 12967 0 100 0 255402 0 0 0 WILLIAM A LEE ASSOCIATE VP, IT 199339 0 0 0 702 0 22205 0 24008 0 246254 0 0 0 SETH AZIZOLLAHOFF ASSOC VP, HR & FACILITIES 200385 0 0 0 399 0 22287 0 4195 0 227266 0 0 0 MARK JACKSON LEGAL COUNSEL & SECRETARY 176212 0 0 0 72 0 19568 0 18567 0 214419 0 0 0 WILLIAM LYNCH DIRECTOR OF LEAD. GIFTS 49574 0 0 0 123669 0 19230 0 5959 0 198432 0 0 0 JONATHAN JONES DIRECTOR OF CAPITAL PROJECTS 161699 0 1389 0 578 0 18167 0 12361 0 194194 0 0 0 CLEMENTE LUNA DIRECTOR OF INSTITUTIONAL GIVING 161992 0 0 0 223 0 18006 0 11524 0 191745 0 0 0 KENT DAVIDSON VP OF MARKETING & COMMUNICATIONS 133876 0 0 0 253 0 14888 0 11434 0 160451 0 0 0 PART I, LINES 4A-B KATY CLARK, FORMER PRESIDENT, RECEIVED A SEPARATION PAYMENT OF $63,508, PTO PAYOUT OF $29,615 AND DISTRIBUTION FROM A 457(B) RETIREMENT PLAN OF $126,629. WILLIAM LYNCH RECEIVED A SEPARATION PAYMENT OF $108,702 AND PTO PAYOUT OF $14,933. THESE AMOUNTS ARE REPORTED IN PART II, COLUMN B(III). PART I, LINE 7 BONUSES FOR EMPLOYEES WERE APPROVED BY THE FORMER PRESIDENT AND BY THE ASSOCIATE VP, HR. X 24 312087 AVG. HIGH/LOW X ENERGY SUPPORT 1 711205 FAIR MARKET VALUE X CIRS PENSION, GROUP LIFE INSURANCE AND ADMIN FEES 1 279755 FAIR MARKET VALUE X REFRESHMENTS 1 3330 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. SCHEDULE M, PART I, LINE 25-27: THE THREE OTHER TYPES OF PROPERTY REPRESENT ENERGY SUPPORT, CIRS PENSIONS, GROUP LIFE INSURANCE AND ADMIN FEES, AND REFRESHMENTS. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND IS REVIEWED BY MANAGEMENT. DRAFT VERSIONS OF THE TAX RETURNS ARE PRESENTED TO THE FULL BOARD FOR REVIEW AND COMMENT IN ADVANCE OF THE FILING DEADLINE. AFTER ANY NECESSARY REVISIONS, THE TAX RETURNS ARE FILED WITH THE APPROPRIATE AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT ARE REQUIRED TO REVIEW AND SIGN BAM'S CONFLICT OF INTEREST POLICY. WHEN A BIDDING SITUATION WITH A POTENTIAL CONFLICT ARISES, PROPOSALS FROM MULTIPLE SOURCES ARE REQUESTED. A SUBCOMMITTEE OF BAM'S BOARD GOVERNANCE COMMITTEE SERVES AS THE CONFLICT OF INTEREST COMMITTEE AND EVALUATES EACH CONFLICT OR POTENTIAL CONFLICT TO ENSURE THAT EACH BID MEETS THE CRITERIA SET FORTH IN BAM'S CONFLICT OF INTEREST POLICY. THOSE MEMBERS WITH A CONFLICT MAY NOT PARTICIPATE IN OR ATTEND AN AUTHORIZED BODY'S DELIBERATIONS OR VOTE ON THE CONFLICT OF INTEREST ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE CONSISTING OF INDEPENDENT TRUSTEES AND MEMBERS OF MANAGEMENT COMPLETED A COMPENSATION REVIEW. THE SALARY AND BENEFIT DATA FOR COMPARABLE ROLES WAS REVIEWED AND DISCUSSED. FOR TOP MANAGEMENT AND OFFICERS, A COMPENSATION TARGET AND RANGE WAS ESTABLISHED FOR EACH POSITION. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THROUGH ITS WEBSITE (WWW.BAM.ORG), BAM MAKES AVAILABLE ITS CONFLICT OF INTEREST POLICY AND ITS FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: DECREASE IN BENEFICIAL INTEREST IN BET ENDOWMENT TRUST -13,510,780. CULTURAL INSTITUTIONS RETIREMENT SYSTEM 18,679. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. BAM ENDOWMENT TRUST 30 LAFAYETTE AVENUE BROOKLYN NY 11217 113112268 THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF BAM NY 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1