2025-05-06T17:32:26-05:00 2024-06-30 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2023-07-01 112201344 BROOKLYN ACADEMY OF MUSIC INC BROO 7186364100 30 LAFAYETTE AVENUE BROOKLYN NY 11217 JENNIFER ANGLADE CFO & VP OF FINANCE 7187248244 2025-05-15 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-05-05 2023 2025-03-06 01:10:19Z DIANE L MAX 30 LAFAYETTE AVENUE BROOKLYN NY 11217 49054099 0 X WWW.BAM.ORG X 1861 NY BAM IS THE HOME FOR ADVENTUROUS ARTISTS, AUDIENCES, AND IDEAS. 37 36 804 36 0 0 29193861 38230569 16030242 8211791 171448 5169 1190129 649069 46585680 47096598 1214 6450 0 0 31688717 27689992 0 0 5705288 20172542 13128398 51862473 40824840 -5276793 6271758 151026443 146398752 12391254 8113224 138635189 138285528 X THE MISSION OF BAM IS TO BE THE HOME FOR CURIOUS PEOPLE AND ADVENTUROUS IDEAS. BAM SUPPORTS ARTISTIC EXPERIMENTATION AND CHAMPIONS INCLUSION AND ACCESSIBILITY THROUGHOUT THE ARTS AS PRESENTER, ACTIVATOR, AND CONNECTOR. 0 0 4929528 3471476 FY2024 FILM PROGRAMS - IN FY24, BAM FILM SERVED AUDIENCES THROUGH PROGRAMS THAT FOCUS ON PRESENTING WORKS BY INTERNATIONAL AND LOCAL FILMMAKERS. SELECT FILM SERIES INCLUDE CONTEMPORARY ARAB CINEMA, FEATURING VITAL NEW WORKS FROM BOLD FILMMAKERS FROM THE MIDDLE EAST AND NORTH AFRICA; INTIMATE EPICS, A SERIES SHOWCASING AMBITIOUS AND INSIGHTFUL ARTHOUSE EPICS FROM AWARD-WINNING INTERNATIONAL FILMMAKERS; WHEN THE APOCALYPSE IS OVER: NEW INDEPENDENT PHILIPPINE CINEMA, HIGHLIGHTING YOUNG FILIPINO FILMMAKERS; FILMAFRICA, THE CINEMATIC COMPONENT OF BAM'S 47TH ANNUAL DANCEAFRICA FESTIVAL, WHICH FEATURED DOCUMENTARY AND FICTIONAL WORKS FROM ACROSS AFRICA AND THE DIASPORA, WITH A SPECIAL FOCUS ON FILMS FROM AND ABOUT CAMEROON; AND THE CARIBBEAN FILM SERIES, BAM'S BIANNUAL SERIES HOSTED IN PARTNERSHIP WITH LUMINAL THEATER AND THIRD HORIZON OF DIVERSE CINEMA FROM NEW AND ACCLAIMED FILMMAKERS FROM THE CARIBBEAN AND THE DIASPORA, INCLUDING BY WAY OF CANARSIE CO-DIRECTED BY BRONX-NATIVE LESLEY STEELE. 3901633 2709425 2024 SPRING SEASON - BAM'S 2024 SPRING SEASON FEATURED WORLD-CLASS PRESENTATIONS, SHOWCASING ARTISTS AND COMPANIES FROM COUNTRIES SUCH AS BRAZIL, CAMEROON, JAPAN, MALI, POLAND, SOUTH KOREA, AND THE UNITED STATES. HIGHLIGHTS INCLUDED: THE BARK OF MILLIONS, TAYLOR MAC'S ROCK-OPERA, FEATURING 55 ORIGINAL SONGS BY COMPOSER MATT RAY; THE LOOK OF LOVE, MARK MORRIS DANCE GROUP'S NEWEST WORK AND TRIBUTE TO THE MUSIC OF THE LATE BURT BACHARACH; MEU COCO, A CONCERT PERFORMANCE BY BRAZILIAN VIRTUOSO CAETANO VELOSO CELEBRATING HIS FIRST ALBUM IN NINE YEARS; LONG PLAY WEEKEND, A SERIES OF MUSIC PRESENTATIONS ACROSS THE BAM CAMPUS THAT INCLUDED PERFORMANCES BY STEVE REICH FEATURING BANG ON A CAN ALL-STARS AND FRIENDS, JEFF MILLS, PATTI SMITH AND SOUNDWALK COLLECTIVE, AND OTHERS; IRONWEED: AN EVENING OF ART AND HUMANITY, A STAGED READING OF A NEW PLAY IN DEVELOPMENT BASED ON WILLIAM KENNEDY'S NOVEL IRONWEED, FEATURING MARK RUFFALO AND JESSICA HECHT; THE 47TH ANNUAL DANCEAFRICA FESTIVAL, CELEBRATING THE CULTURAL TRADITIONS OF CAMEROON; THE RETURN OF ALVIN AILEY AMERICAN DANCE THEATER WITH MIXED PROGRAMS OF NEW WORKS AND REPERTORY FAVORITES; AND AND SING!, AN EXPLORATION OF THE CHORAL MUSIC BY BASS-BARITONE DAVONE TINES AND THE BROOKLYN YOUTH CHORUS. 2053090 169523 FY24 BAM EDUCATION PROGRAMS - BAM EDUCATION AND BAMKIDS ANNUALLY ENGAGES STUDENTS, TEACHERS, FAMILIES, AND LEARNERS OF ALL AGES THROUGH A DIVERSE RANGE OF INITIATIVES KNOWN AS THE FUTURE ARTISTS AT BAM (FAB) LAB. BAM EDUCATION ALSO SERVES STUDENTS FROM KINDERGARTEN TO HIGH SCHOOL IN OVER 225 SCHOOLS THROUGHOUT NEW YORK CITY, WITH AN EMPHASIS ON TITLE I SCHOOLS IN BROOKLYN. IN FY24, BAM EDUCATION OFFERED ITS FULL SLATE OF PROGRAMS. THIS INCLUDE IN-SCHOOL RESIDENCY PROGRAMS WORD. SOUND. POWER. IN THE CLASSROOM AND DANCEAFRICA IN THE CLASSROOM; TAILORED VERSIONS OF IN-SCHOOL RESIDENCIES FOR YOUTH WITH DISABILITIES; AFTER-SCHOOL DEVISED THEATER AND CREATIVE WRITING PROGRAM ARTS & JUSTICE; AFTER-SCHOOL CHOREOGRAPHY PROGRAM DANCE INSIDER; AND COLLEGE AND CAREER PREPARATION PROGRAMS BROOKLYN INTERNS FOR ARTS & CULTURE AND CREATIVE CAREERS COLLECTIVE. BAM EDUCATION AND BAMKIDS ALSO OFFERED SCHOOL-TIME MATINEE AND SENSORY-FRIENDLY PERFORMANCES FOR YOUTH WITH DISABILITIES OF JACQUELINE WOODSON'S THE OTHER SIDE AND SHOW WAY THE MUSICAL; SCHOOL-TIME PERFORMANCES OF BAM'S ANNUAL WORD. SOUND. POWER. AND DANCEAFRICA FESTIVAL; AND THE 26TH ANNUAL BAMKIDS FILM FESTIVAL WHICH SHOWCASED WORK BY OVER 50 FILMMAKERS INCLUDING ANIMATION, LIVE ACTION, AND DOCUMENTARY FILMS FROM AROUND THE WORLD. 17884881 6450 2264802 EXPENSES IN THIS CATEGORY INCLUDE NEXT WAVE AND ANCILLARY 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. 17884881 6450 2264802 28769132 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 1 419 0 1 804 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 36 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 ADAM WOLFENSOHN TRUSTEE 0.50 X 0 0 0 AHRIN MISHAN TRUSTEE (OUTGOING) 0.50 X 0 0 0 ALEXA DAVIDSON SUSKIN TRUSTEE 0.50 X 0 0 0 ANNE HUBBARD TRUSTEE (OUTGOING) 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 BARTHOLOMEW A SHEEHAN III TRUSTEE 0.50 X 0 0 0 BRIAN STAFFORD TRUSTEE 0.50 X 0 0 0 BRIGITTE VOSSE TRUSTEE 0.50 X 0 0 0 CHERYL DELLA ROSA TRUSTEE 0.50 X 0 0 0 CLAIRE WOOD TRUSTEE 0.50 X 0 0 0 DAVID BINDER ARTISTIC DIRECTOR (OUTGOING) 40.00 X X 380593 0 65856 DAVID L PICKET TRUSTEE 0.50 X 0 0 0 DEPELSHA MCGRUDER TRUSTEE 0.50 X 0 0 0 DIANE L MAX CHAIR 5.00 X X 0 0 0 DOUG STEINER TRUSTEE 0.50 X 0 0 0 EDGAR A LAMPERT TRUSTEE 0.50 X 0 0 0 ERI NISHIKAWA TRUSTEE 0.50 X 0 0 0 GINA DUNCAN PRESIDENT 40.00 X X 520494 0 52460 JANEL CALLON TRUSTEE 0.50 X 0 0 0 JEANNE DONOVAN FISHER TRUSTEE 0.50 X 0 0 0 JENNIFER KOPYLOV TRUSTEE 0.50 X 0 0 0 JOHN USDAN TRUSTEE (OUTGOING) 0.50 X 0 0 0 JOSEPH A STERN TRUSTEE 0.50 X 0 0 0 JULIET MOSER TRUSTEE 0.50 X 0 0 0 KABIR AHUJA TRUSTEE 0.50 X 0 0 0 LENNY H SINGLETARY TRUSTEE 0.50 X 0 0 0 MARCEL PRZYMUSINSKI TRUSTEE 0.50 0.50 X 0 0 0 MARK N DIKER TRUSTEE (OUTGOING) 0.50 X 0 0 0 MARYANNE GILMARTIN TRUSTEE 0.50 X 0 0 0 NATALIA CHEFER VICE CHAIR 5.00 X X 0 0 0 NORA ANN WALLACE TRUSTEE 0.50 X 0 0 0 RICHARD E FELDMAN TRUSTEE 0.50 X 0 0 0 ROBERT TICHIO TRUSTEE 0.50 X 0 0 0 ROBERTA GARZA TRUSTEE 0.50 X 0 0 0 SCOTT MCDONALD TREASURER 5.00 0.50 X X 0 0 0 STEVEN G FELSHER TRUSTEE 0.50 0.50 X 0 0 0 TIMOTHY SEBUNYA VICE CHAIR 5.00 0.50 X X 0 0 0 TONY BECHARA TRUSTEE 0.50 X 0 0 0 VALERIE BERLIN TRUSTEE 0.50 X 0 0 0 WILLIAM I CAMPBELL TRUSTEE 0.50 X 0 0 0 ALICE FLOWER CHIEF PEOPLE OFFICER 40.00 X 227855 0 30812 AMY CASSELLO ARTISTIC DIRECTOR (INCOMING) 40.00 X 219504 0 39721 COURTNEY KILLINGSWORTH VP OF CREATIVE SOCIAL IMPACT 40.00 X 258563 0 70529 ELIZABETH N MOREAU VICE PRESIDENT AND SENIOR PRODUCER 40.00 X 242914 0 46233 JENNIFER ANGLADE CFO & VP OF FINANCE 40.00 5.00 X 318743 0 53781 JORDANA KIER CHIEF GROWTH OFFICER (INCOMING) 40.00 X 190968 0 21197 KENT DAVIDSON VP OF MARKETING & COMM. (OUTGOING) 40.00 X 215434 0 40089 MARK JACKSON GENERAL COUNSEL & SECRETARY 34.00 X 293377 0 61883 CHANTAL BERNARD AVP, MAJOR GIFTS & INIT.(OUTGOING) 40.00 X 233468 0 44959 CLEMENTE LUNA DIRECTOR OF INSTITUTIONAL GIVING 40.00 X 170340 0 35006 RAPHAELLE DE BOISBLANC DIRECTOR OF MARKETING (OUTGOING) 40.00 X 193457 0 66949 WILLIAM A LEE ASSOCIATE VP, IT 40.00 X 196509 0 50530 YVETTE RODRIGUEZ SR. DIRECTOR OF FINANCE (OUTGOING) 40.00 X 177026 0 42475 3839245 0 722480 64 0 1 0 TANZTHEATER WUPPERTAL PINA BAUSCH GMBH KURT-DREES-STR 442283 WUPPERTAL GM PERFORMERS 399294 ARABELLA ADVISORS LLC 50 E WASHINGTON STREET SUITE 400 CHICAGO IL 606755723 CONSULTING SERVICES 311444 WXY 25 PARK PLACE 5TH FLOOR NEW YORK NY 10007 ARCHITECTS 178837 INTERNATIONAAL THEATER AMSTERDAM LEIDSEPLEIN 26 1017 PT AMSTERDAM NL PERFORMERS 126102 EW HOWELL 245 NEWTON ROAD SUITE 600 PLAINVIEW NY 11803 CONSTRUCTION SERVICES 109167 6 1413381 12861068 4711442 19244678 1634522 38230569 PERFORMANCE INCOME 711110 4725772 4725772 BAM ROSE CINEMA 711110 3471476 3471476 BAM ART REVENUE 900099 14543 14543 8211791 2175 2175 72753 72753 1994663 1554741 439922 439922 439922 2994 0 2994 2994 2994 137433 1413381 402760 -265327 -265327 MANAGEMENT FEES 561000 250000 250000 BAZAAR INCOME 900099 101200 101200 BOUTIQUE SALES 900099 9720 9720 40801 39521 1280 401721 47096598 8615226 0 250803 6450 6450 3191304 1618921 893415 678968 17126673 12193984 2304665 2628024 1417266 1077999 140252 199015 3799119 2736892 477325 584902 2155630 1549609 279260 326761 203294 102254 101040 24100 24050 50 3795479 3106934 302921 385624 821162 663251 42964 114947 815770 543047 267470 5253 602329 594612 971 6746 1960482 1960482 422326 387915 9097 25314 211945 211945 811619 574034 126743 110842 404011 26222 377570 219 FILM RENTAL 1292135 1292135 PRODUCTION EXPENSES 571096 520245 11121 39730 MISC. AND OPER. ALLOC. 384058 -604427 484387 504098 HUMAN RESOURCES AND PER 304608 26317 254658 23633 503984 392256 40566 71162 40824840 28769132 6350420 5705288 431507 830280 245907 125650 8674155 6479245 1141209 749508 56221 56482 598988 380823 69484204 21933783 47682584 47550421 92195872 90226343 151026443 146398752 3068456 3490162 180766 598741 6758766 1884145 2383266 2140176 12391254 8113224 X 40834820 40578348 97800369 97707180 138635189 138285528 151026443 146398752 X 6271758 -6621419 X X 0 1 X 1 0 X 41878868 28862628 35101328 29193861 38230569 173267254 41878868 28862628 35101328 29193861 38230569 173267254 45080233 128187021 6613665 301338 1844317 2381892 2069591 13210803 639515 286750 468917 1101850 539154 3036186 189514243 44805208 0.67640 0.70830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 310,077. 2020 AMOUNT: $ 10,271. 2021 AMOUNT: $ 19,950. 2022 AMOUNT: $ 32,858. 2023 AMOUNT: $ 38,521. FUNDRAISING REVENUE - 2019 AMOUNT: $ 1,800. 2020 AMOUNT: $ 21,140. 2021 AMOUNT: $ 88,730. 2022 AMOUNT: $ 61,365. 2023 AMOUNT: $ 137,433. MANAGEMENT FEES - 2019 AMOUNT: $ 252,608. 2020 AMOUNT: $ 251,522. 2021 AMOUNT: $ 250,000. 2022 AMOUNT: $ 271,000. 2023 AMOUNT: $ 250,000. BAZAAR INCOME - 2021 AMOUNT: $ 98,475. 2022 AMOUNT: $ 101,745. 2023 AMOUNT: $ 101,200. CONSULTING INCOME - 2019 AMOUNT: $ 5,692. 2023 AMOUNT: $ 1,000. MAILING LIST - 2019 AMOUNT: $ 4,940. 2020 AMOUNT: $ 2,687. 2021 AMOUNT: $ 3,032. 2022 AMOUNT: $ 2,823. 2023 AMOUNT: $ 1,280. CAFETERIA INCOME - 2019 AMOUNT: $ 60,989. BOUTIQUE SALES - 2019 AMOUNT: $ 3,409. 2020 AMOUNT: $ 1,130. 2021 AMOUNT: $ 8,730. 2022 AMOUNT: $ 6,989. 2023 AMOUNT: $ 9,720. INSURANCE PROCEEDS - 2022 AMOUNT: $ 249,000. PAYROLL TAX CREDIT - 2022 AMOUNT: $ 376,070. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24100 0 24100 40800740 40824840 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 45000 36000 33025 24100 138125 250000 250000 250000 250000 1000000 1500000 45000 36000 33025 24100 138125 250000 1 91872615 430 11184337 12861068 4636572 295693 85264049 93433236 -292974 11055652 11829684 493615 91872615 106944016 47048 -8653727 4613204 292178 93433236 92780429 21467 22119816 7687204 290492 106944016 101160417 72000 1450320 9599095 303213 92780429 0.04048 0.92187 0.03765 0 1 1 2509919 1349923 1159996 16780389 15336033 1444356 5739596 4946635 792961 44454300 301192 44153108 47550421 BENEFICIAL INTEREST IN BAM ENDOWMENT TRUST 85264049 SECURITY DEPOSITS 44486 457B PLAN ASSETS 199197 STRAND THEATER TENANTS' RESERVE 28820 DUE FROM BAM ENDOWMENT TRUST 4638072 LEASE INITIAL DIRECT COST 51719 90226343 DUE TO NYC CIRS 235176 DUE TO BAM ENDOWMENT TRUST 1905000 2140176 X 48651339 0 48651339 -1554741 -1554741 47096598 42379581 1554741 1554741 40824840 0 40824840 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, 2024 AND 2023 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 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -1,554,741. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,554,741. BAM GALA 2024 974292 929362 44930 81911 80323 3323 NEXT WAVE 40 BENEFIT 576522 484019 92503 110362 126841 1550814 1413381 137433 192273 207164 3323 402760 -265327 X X X X X 1 0 0 0 0 0 0 0 0 GINA DUNCAN PRESIDENT 519912 0 0 0 582 0 36630 0 15830 0 572954 0 0 0 DAVID BINDER ARTISTIC DIRECTOR (OUTGOING) 379761 0 0 0 832 0 36630 0 29226 0 446449 0 0 0 JENNIFER ANGLADE CFO & VP OF FINANCE 318401 0 0 0 342 0 35380 0 18401 0 372524 0 0 0 MARK JACKSON GENERAL COUNSEL & SECRETARY 291317 0 0 0 2060 0 32565 0 29318 0 355260 0 0 0 COURTNEY KILLINGSWORTH VP OF CREATIVE SOCIAL IMPACT 257361 0 0 0 1202 0 28701 0 41828 0 329092 0 0 0 ELIZABETH N MOREAU VICE PRESIDENT AND SENIOR PRODUCER 242536 0 0 0 378 0 26963 0 19270 0 289147 0 0 0 CHANTAL BERNARD AVP, MAJOR GIFTS & INIT.(OUTGOING) 214798 0 0 0 18670 0 25915 0 19044 0 278427 0 0 0 RAPHAELLE DE BOISBLANC DIRECTOR OF MARKETING (OUTGOING) 58398 0 0 0 135059 0 21474 0 45475 0 260406 0 0 0 AMY CASSELLO ARTISTIC DIRECTOR (INCOMING) 215950 0 0 0 3554 0 24365 0 15356 0 259225 0 0 0 ALICE FLOWER CHIEF PEOPLE OFFICER 227317 0 0 0 538 0 25292 0 5520 0 258667 0 0 0 KENT DAVIDSON VP OF MARKETING & COMM. (OUTGOING) 210742 0 0 0 4692 0 23913 0 16176 0 255523 0 0 0 WILLIAM A LEE ASSOCIATE VP, IT 194738 0 0 0 1771 0 21812 0 28718 0 247039 0 0 0 YVETTE RODRIGUEZ SR. DIRECTOR OF FINANCE (OUTGOING) 151003 0 0 0 26023 0 19650 0 22825 0 219501 0 0 0 JORDANA KIER CHIEF GROWTH OFFICER (INCOMING) 190968 0 0 0 0 0 21197 0 0 0 212165 0 0 0 CLEMENTE LUNA DIRECTOR OF INSTITUTIONAL GIVING 169498 0 0 0 842 0 18908 0 16098 0 205346 0 0 0 PART I, LINE 4A RAPHAELE DE BOISBLANC RECEIVED A SEPARATION PAYMENT OF $108,124 AND IT IS REPORTED IN COLUMN B(III). SCHEDULE J, PART II, COLUMN B(III): RAPHAELE DE BOISBLANC RECEIVED A PTO PAYOUT OF $26,712 AND THAT'S REPORTED IN THIS COLUMN. YVETTE RODRIGUEZ RECEIVED A PTO PAYOUT OF $25,455 AND IT'S REPORTED IN THIS COLUMN. THE OTHER AMOUNTS REPORTED IN THIS COLUMN INCLUDE TAXABLE PORTION OF GROUP TERM LIFE INSURANCE AND CONTRIBUTIONS TO A 457(B) RETIREMENT PLAN FOR CERTAIN PEOPLE. X 18 638262 AVG. HIGH/LOW X ENERGY SUPPORT 1 668750 FAIR MARKET VALUE X CIRS PENSION 1 326394 FAIR MARKET VALUE X REFRESHMENTS 1 1116 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMB (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 25-27: THE THREE OTHER TYPES OF PROPERTY REPRESENT ENERGY SUPPORT, CIRS PENSIONS, GROUP LIFE INSURANCE, 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 -6,608,566. CULTURAL INSTITUTIONS RETIREMENT SYSTEM -12,853. 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 1 1