Bargemusic Ltd EIN 11-2451587

Bargemusic Ltd FY2022 filing

EIN  11-2451587 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Presents classical chamber music concerts annually, offering performance opportunities and accessible tickets.
Leadership
Mark Peskanov · Executive/Artistic Director · $215K
Money in and out
$621K revenue, $719K expenses
Bottom line
87% program efficiency

Presents classical chamber music concerts annually, offering performance opportunities and accessible tickets. For fiscal year 2022 it reported $621K in revenue, $719K in expenses, and $878K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$719K
Pt IX · Ln 25
Net assets
$878K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$98K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$621K
FY2022▼ -3%
Expenses
$719K
FY2022▼ -9%
Total assets
$895K
FY2022▼ -11%
Total liabilities
$17K
FY2022▼ -36%
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$719K
Pt IX · Ln 25
Net assets
$878K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$98K
Total assetsPt X · Ln 16$895K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $627K of program spending, described in the organization's own filed words · FY2021.
01

The MASTERWORKS series, featuring the canon of chamber music, included the COMPLETE BEETHOVEN PIANO SONATAS AND CONVERSATION with Jeffrey Swann; pianists Marika Bournaki, Gerald Robbins, Jerome Lowenthal, Doris Stevenson, Olga Vinokur, John Novacek, and Misha Dichter in solo piano recitals playing works of composers including Schubert…

$436Kprogram expense
02

The HERE & NOW series comprised of contemporary works and world, US, and New York premieres, featured violin solo and piano solo recitals; a duo violin and piano concert; a four hands piano recital featuring a World Premiere by Michael Brown; TOKYO TO NEW YORK Moments in this Time (Live World Premiere); CELEBRATING GEORGE CRUMBs 90TH…

$145Kprogram expense
03

The new ECLECTIC series, juxtaposing better known composers with underrepresented composers of different time periods featured: solo piano recitals by Marc Peloquin, Beth Levin, Rieko Aizawa, Faina Lushtak, and Asiya Korepanova; a solo violin recital by Daniel Kogan; violin/piano recitals by Mark Peskanov and Doris Stevenson; the Amernet…

$46Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBargemusic Ltd
EINHdr · item D11-2451587
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.bargemusic.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A680)
Ruling yearIRS BMFDec 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive/Artistic Director
$214,999Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mark Peskanov’s $215K as Executive/Artistic Director is at the 100th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Mark Peskanov$214,999$204,999$231,999

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$539K · 87%
Program service revenue$82K · 13%
Contributions & grants87%$539K
Program service revenue13%$82K
Investment income$182
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$627K
Management & general13%$92K
Total functional expensesLn 25$719K

Balance Sheet

Part X · end of year
CashLn 1$564K
Total assetsLn 16$895K
Total liabilitiesLn 26$17K
Total net assetsLn 32$878K
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $564K · Operating expenses/yr $719K
9.4 months
Where the money goes
Program services
Program services $627K · Total expenses $719K
87%
Management & General
Management & general $92K · Total expenses $719K
13%
Fundraising
Fundraising $0 · Total expenses $719K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $417K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $539K · Total revenue $621K
87%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $82K · Total revenue $621K
13%
Investment reliance
Investment income $182 · Total revenue $621K
0%
Program self-sufficiency
Program service revenue $82K · Total expenses $719K
11%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $643K
-3%
Net-asset trend (YoY)
End of year $878K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $719K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $895K
Net-asset ratio
Net assets $878K · Total assets $895K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $895K
0%
People & payroll
Highest Reported Total Compensation
Individual Mark Peskanov · Reported title executive/artistic director · Highest reported compensation $215K · Total expenses $719K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $415K · Total expenses $719K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$740K revenue · ⤓ 990 PDF
FY2024$706K revenue · ⤓ 990 PDF
FY2023$623K revenue · ⤓ 990 PDF
FY2022$621K revenue · viewing · ⤓ 990 PDF
FY2021$643K revenue · ⤓ 990 PDF
FY2020$598K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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