Building Beats Incorporated FY2021 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2013Arts & CultureEIN 46-1233303Revenue $724K in FY2021

On file with the IRSbuildingbeats.org37 N 15th St Ste 210, 11222-6469 · Brooklyn, NYTax-exempt since Sep 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To provide dj and music programs that teach entrepreneurial, leadership, and life skills to underserved youth.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $65K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$724K
+50% vs prior year
Spent
$561K
To programs
75%
Net assets
$391K
By yearFY2020–FY2025
Revenue
$724K
FY2021▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$484K
FY2021$724K
FY2022$862K
FY2023$1.1M
FY2024$1.3M
FY2025$785K
Expenses
$561K
FY2021▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$415K
FY2021$561K
FY2022$769K
FY2023$1.1M
FY2024$1.1M
FY2025$941K
Net assets
$391K
FY2021▲ +71%
Tap a bar for its year
Net assets by fiscal year
FY2020$228K
FY2021$391K
FY2022$484K
FY2023$448K
FY2024$708K
FY2025$552K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $420K Management & general 22% · $124K Fundraising 3% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director/Board C
$44,917Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Phi Pham’s $43K as Member/Executive Director is at the 37th percentile of top reported officer pay among 2216 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Phi Pham$42,623$39,432$46,731$46,013$44,917$33,423

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches underserved youth entrepreneurial, leadership, and life skills through DJ and music programs.

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Provided by the organization

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1 program · $420K · in their own filed words · FY2020
01

Digital Music Workshops

Building beats digital music workshops were able to impact over 3,000 students in after-school programs and community centers throughout new york city. These workshops taught music concepts as well as life, leadership, business skills.

$420Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$724K
Ln 12
Fees for servicesLn 2g$518K
Gifts and grantsLn 1h$206K
Money outPt IX
$561K
Ln 25
Programscol B$420K
Managementcol C$124K
Fundraisingcol D$17K
Owns and owesPt X
$391K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$398K
LiabilitiesLn 26$7K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Government grantsLn 1e$75K
Fees for servicesLn 2g$518K
Total revenueLn 12$724K
Assets in detailPt X, end of year
CashLn 1$352K
Cash and savings togetherLn 1–2$352K
Total assetsLn 16$398K
LiabilitiesLn 26$7K
Net assetsLn 32$391K
OperationsPt I, VI
EmployeesI 540
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$217K$352K
Total assetsLn 16$289K$398K
LiabilitiesLn 26$61K$7K
Net assetsLn 32$228K$391K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$45K$38K$5K$1K
Other salaries and wagesLn 7$397K$337K$47K$12K
Payroll taxesLn 10$41K$23K$17K$1K
Legal feesLn 11b$475$475
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$18K$18K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$25K$5K$20K
OccupancyLn 16$16K$8K$7K
TravelLn 17$1K$895$224
InsuranceLn 23$8K$6K$2K
Total functional expensesLn 25$561K$420K$124K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $785K$941K−$156K$552K 990 PDF
FY2024 $1.3M$1.1M$260K$708K 990 PDF
FY2023 $1.1M$1.1M−$36K$448K 990 PDF
FY2022 $862K$769K$93K$484K 990 PDF
FY2021 Viewing $724K$561K$163K$391K 990 PDF
FY2020 $484K$415K$68K$228K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $723,684 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $169,293$205,650
I-9 Program service revenuePrior year $314,399$518,034
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $483,692$723,684
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $319,157$483,031
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $96,096$77,573
I-18 Total expensesPrior year $415,253$560,604
I-19 Revenue less expensesPrior year $68,439$163,080
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $723,684 across 5 lines filed
VIII-1e Government grants$74,800
VIII-1f All other contributions, gifts and grants$130,850
VIII-1h Total contributions, gifts and grants$205,650
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $518,034$518,034
VIII-12 Total revenueRelated to mission $518,034 · Unrelated business $0 · Excluded from tax $0$723,684
Part IX · Statement of functional expenses $560,604 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,202 · Management $5,359 · Fundraising $1,356$44,917
IX-7 Other salaries and wagesPrograms $337,463 · Management $47,342 · Fundraising $11,977$396,782
IX-10 Payroll taxesPrograms $23,243 · Management $17,046 · Fundraising $1,043$41,332
IX-11b Legal feesManagement $475$475
IX-11c Accounting feesManagement $6,200$6,200
IX-11g Other fees for servicesManagement $18,045$18,045
IX-12 Advertising and promotionFundraising $2,786$2,786
IX-13 Office expensesPrograms $4,979 · Management $20,154$25,133
IX-16 OccupancyPrograms $8,435 · Management $7,339$15,774
IX-17 TravelPrograms $895 · Management $224$1,119
IX-23 InsurancePrograms $6,433 · Management $1,608$8,041
IX-25 Total functional expensesPrograms $419,650 · Management $123,792 · Fundraising $17,162$560,604
Part X · Balance sheet $398,421 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $217,024$352,236
X-4 Accounts receivableStart of year $71,097$44,985
X-9 Prepaid expenses and deferred chargesStart of year $1,200$1,200
X-16 Total assetsStart of year $289,321$398,421
X-17 Accounts payable and accrued expensesStart of year $5,500$7,060
X-25 Other liabilitiesStart of year $55,540$0
X-26 Total liabilitiesStart of year $61,040$7,060
X-27 Net assets without donor restrictionsStart of year $228,281$391,361
X-32 Total net assets or fund balancesStart of year $228,281$391,361
X-33 Total liabilities and net assetsStart of year $289,321$398,421
Part XI · Reconciliation of net assets $391,361 net assets at year end
XI-1 Total revenue$723,684
XI-2 Total expenses$560,604
XI-3 Revenue less expenses$163,080
XI-4 Net assets at start of year$228,281
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$391,361

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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