Transforms art creation, sharing, and community connections to causes.
For fiscal year 2021 it reported $215K in revenue, $112K in expenses, and $219K in net assets.Pt I
Where the money goes · FY2021
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$219K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $103K
Where spending went · Part IX cols B–D
95%
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program efficiency
95%
of spending reaches programs
Operating runway
29.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+48%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2021 · Form 990
Revenue
$215K
FY2021
$285K$142K$0
FY2021FY2025
Expenses
$112K
FY2021
$289K$144K$0
FY2021FY2025
Total assets
$280K
FY2021
$394K$197K$0
FY2021FY2025
Total liabilities
$61K
FY2021
$67K$34K$0
FY2021FY2025
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$219K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$103K
Total assetsPt X · Ln 16$280K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III
Where the work happens
2 program services account for $107K of program spending, described in the organization's own filed words · FY2020.
01
Act
NOW July 2020 As protests erupted nationwide following the killing of George Floyd, BOOM in partnership with BLKMRKTCLT, Charlotte is Creative and The Roll Up CLT asked the artistic community to respond. The event became a three part, virtual series.
$53Kprogram expense
02
Boom Springboard Series
June 2021 BOOM Springboard was our first hybrid event. The series consisted of: 1) a live performance in a venue with a small audience 2) prerecorded virtual content 3) live pop up, outdoor performances that were live streamed 4) a live, intimate ZOOM performance and discussion. The Series included over 20 local and regional artists.
Manoj Kesavan’s $68K as Executive Director
is at the 63rd 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 · 2 named individuals · Part VII
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.
Individual Manoj P Kesavan · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $34K · Total expenses $112K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $46K · Total expenses $112K
41%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
95%
—
—
Overhead ratio
3%
—
—
Fundraising cost ratio
1%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
2%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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