Bump INC EIN 20-5410127

Bump INC FY2024 filing

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Empowers youth through African diasporic arts, building skills, knowledge, and resilience. For fiscal year 2024 it reported $213K in revenue, $176K in expenses.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Durham, NC
Filings
4 on file (2022–2024)
Revenue
$213KFY2024
Expenses
$176K
Net assets
$0
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  20-5410127 Public charity (501(c)(3)) Durham, NC
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers youth through African diasporic arts, building skills, knowledge, and resilience.
Leadership
Katie Lawson · Board Tresurer
Money in and out
$213K revenue, $176K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Surplus margin
+17%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$213K
FY2024▲ +48%
Expenses
$176K
FY2024
Total assets
$0
FY2024
Total liabilities
$0
FY2024
Total revenue
$213K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $161K of program spending, described in the organization's own filed words · FY2023.
01

BUMP Enrichment and Esemble. Weekly musical, vocal, and art instruction by culture bearers from the African diaspora.

$97Kprogram expense
02

BUMP Visual Arts Studio.

$40Kprogram expense
03

BUMP Youth Artist Retreat. A music and visual arts camp that includes musical instruction from special guest artist along with daily mind body and sould activities for health and wellness.

$24Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBump INC
EINHdr · item D20-5410127
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFNov 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Tresurer
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joy Harrell Goff’s $60K as Executive Director is at the 55th percentile of top reported officer pay among 2212 $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

NameFY2025FY2023
Joy Harrell Goff$60,000$28,794

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 & grants100%$213K
Total revenueLn 12$213K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$161K
Management & general8%$15K
Total functional expensesLn 25$176K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $176K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $161K · Total expenses $176K
92%
Management & General
Management & general $15K · Total expenses $176K
8%
Fundraising
Fundraising $0 · Total expenses $176K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $213K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $213K · Total revenue $213K
100%
Government reliance
Government grants — · Total revenue $213K
Earned-income share
Program service revenue $0 · Total revenue $213K
0%
Investment reliance
Investment income $0 · Total revenue $213K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $176K
0%
Growth & trend
Revenue growth (YoY)
This year $213K · Prior year $144K
+48%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $213K · Expenses $176K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katie Lawson · Reported title Board Tresurer · Highest reported compensation $0 · Total expenses $176K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $75K · Total expenses $176K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 48%
Accounting fee ratio 0.8%

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 · FY2024
See all 4 funders →

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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)$231K revenue · ⤓ 990 PDF
FY2024$213K revenue · viewing · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$62K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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