Bam Endowment Trust
Bam Endowment Trust maintains substantial assets despite fluctuating revenues and occasional deficit spending.
EIN: 113112268 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.1M |
| Total Expenses | $12.6M |
| Program Spending | 85% |
| Net Assets | $91.9M |
| Transparency Score | 80/100 |
Is Bam Endowment Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bam Endowment Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bam Endowment Trust
Bam Endowment Trust (EIN: 113112268) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $31.1M and total assets of $89.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bam Endowment Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bam Endowment Trust is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $12.6M |
| Surplus / Deficit | $-11,221,418 |
| Total Assets | $91.9M |
| Total Liabilities | $11K |
| Net Assets | $91.9M |
| Operating Margin | -791.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.2 months |
Financial Health Grade: B
In 2023, Bam Endowment Trust reported a deficit of $11.2M with expenses exceeding revenue, holds 87.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bam Endowment Trust's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.8% | +136.1% | -1.7% |
| 2022 | -9.8% | -34.8% | -12.6% |
| 2021 | +218.5% | -19.5% | +15.3% |
| 2020 | -40.5% | +104.8% | -8.3% |
| 2019 | -64.6% | -38.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bam Endowment Trust with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bam Endowment Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either an all-volunteer leadership or that compensation is handled by a related entity, which enhances transparency regarding direct officer salaries from the trust itself.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bam Endowment Trust's IRS 990 filings:
- Significant annual fluctuations in revenue and expenses, with expenses often exceeding revenue, indicating reliance on endowment draws without clear explanation in the provided data.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Bam Endowment Trust:
- Substantial and stable asset base, consistently around $90-100 million, providing long-term financial security.
- Very low liabilities across all filing periods, indicating a healthy balance sheet.
- Consistent reporting of 0% officer compensation, suggesting strong transparency regarding executive pay from the trust.
- Long filing history (13 filings) indicates consistent compliance and established operations.
Frequently Asked Questions about Bam Endowment Trust
Is Bam Endowment Trust a legitimate charity?
Bam Endowment Trust (EIN: 113112268) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $31.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bam Endowment Trust spend its money?
Bam Endowment Trust directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bam Endowment Trust tax-deductible?
Bam Endowment Trust is registered as a tax-exempt nonprofit (EIN: 113112268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bam Endowment Trust's spending goes to programs?
Bam Endowment Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bam Endowment Trust located?
Bam Endowment Trust is headquartered in Brooklyn, New York and files with the IRS under EIN 113112268.
How many years of IRS 990 filings does Bam Endowment Trust have?
Bam Endowment Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $31.1M in total revenue.
Is Bam Endowment Trust a good charity?
Based on the available data, Bam Endowment Trust demonstrates strong financial stability with substantial assets and very low liabilities. The consistent reporting of 0% officer compensation is a positive indicator of transparency. However, without detailed program spending breakdowns, it's challenging to fully assess its programmatic efficiency. The significant fluctuations in revenue and periods where expenses far exceed revenue (e.g., 2023) suggest reliance on its endowment, which is typical for an endowment trust, but detailed program impact would provide a more complete picture.
Why are expenses sometimes much higher than revenue?
As an endowment trust, it's common for expenses to exceed operating revenue in certain years, as the organization likely draws from its substantial endowment to fund its activities, especially during periods of lower investment returns or strategic spending initiatives. For example, in 2023, revenue was $1,418,152 while expenses were $12,639,570, indicating a significant draw from its asset base.
What is the purpose of the Bam Endowment Trust?
While the NTEE code is unknown, the name 'Endowment Trust' suggests its primary purpose is to manage and grow an endowment to provide long-term financial support, likely for a specific beneficiary or cause, such as the Brooklyn Academy of Music (BAM) given its name and location. Further investigation into its mission statement would clarify its exact purpose.
Filing History
IRS 990 filing history for Bam Endowment Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bam Endowment Trust's revenue has declined by 47.4%, moving from $2.7M to $1.4M. Total assets increased by 10.5% over the same period, from $83.1M to $91.9M. Total functional expenses rose by 281%, from $3.3M to $12.6M. In its most recent filing year (2023), Bam Endowment Trust reported a deficit of $11.2M, with expenses exceeding revenue. The organization holds $11K in liabilities against $91.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $91.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $12.6M | $91.9M | $11K | — | View 990 |
| 2022 | $5.0M | $5.4M | $93.4M | $12K | — | View 990 |
| 2021 | $5.6M | $8.2M | $107.0M | $15K | — | View 990 |
| 2020 | $1.7M | $10.2M | $92.8M | $23K | — | — |
| 2019 | $2.9M | $5.0M | $101.2M | $20K | — | View 990 |
| 2018 | $8.3M | $8.1M | $99.9M | $23K | — | View 990 |
| 2017 | $3.6M | $9.4M | $95.8M | $25K | — | View 990 |
| 2016 | $1.7M | $5.1M | $91.6M | $27K | — | View 990 |
| 2015 | $8.1M | $4.7M | $99.4M | $24K | — | View 990 |
| 2014 | $9.1M | $4.5M | $96.8M | $26K | — | View 990 |
| 2013 | $1.8M | $4.0M | $87.9M | $28K | — | View 990 |
| 2012 | $3.9M | $3.7M | $80.9M | $30K | — | View 990 |
| 2011 | $2.7M | $3.3M | $83.1M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $12.6M, and assets of $91.9M (revenue -71.8% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.4M, and assets of $93.4M (revenue -9.8% year-over-year).
- 2021: Revenue of $5.6M, expenses of $8.2M, and assets of $107.0M (revenue +218.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $10.2M, and assets of $92.8M (revenue -40.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $5.0M, and assets of $101.2M (revenue -64.6% year-over-year).
- 2018: Revenue of $8.3M, expenses of $8.1M, and assets of $99.9M (revenue +127.6% year-over-year).
- 2017: Revenue of $3.6M, expenses of $9.4M, and assets of $95.8M (revenue +112.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $5.1M, and assets of $91.6M (revenue -78.8% year-over-year).
- 2015: Revenue of $8.1M, expenses of $4.7M, and assets of $99.4M (revenue -11.4% year-over-year).
- 2014: Revenue of $9.1M, expenses of $4.5M, and assets of $96.8M (revenue +403.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $4.0M, and assets of $87.9M (revenue -53.1% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.7M, and assets of $80.9M (revenue +43.6% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3.3M, and assets of $83.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bam Endowment Trust:
Data Sources and Methodology
This transparency report for Bam Endowment Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.