Loadbang INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 46-1899944Revenue $125K in FY2022

On file with the IRSloadbang.com69 Bennett Ave Apt 304, 10033-3023 · New York, NYTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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loadbang operates as a 501(c)(3) nonprofit organization called Loadbang Inc. loadbang's mission is to commission new works, write works for the ensemble, and develop a unique language of improvisation. loadbang believes in the receptivity of children to experimental art and is committed to bringing uncompromising sounds to young ears through outreach programs.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$54K 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

FY2022 · 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
0 of 2
filings with a surplus
Average deficit $5K a year · 4% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
Spent
$135K
To programs
97%
Net assets
$11K
By yearFY2022–FY2025
Revenue
$125K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$125K
FY2023$121K
FY2024$153K
FY2025$157K
FY2025$89K
Expenses
$135K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$135K
FY2023$121K
FY2024Not on file
FY2025Not on file
FY2025$96K
Net assets
$11K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$11K
FY2023$11K
FY2024$13K
FY2025$22K
FY2025$15K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 Aug 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $131K Management & general 3% · $4K

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

6 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$15,190Pt VII · Sec A
Artistic Director
$13,790Pt VII · Sec A
Director of Development
$13,190Pt VII · Sec A
Treasurer
$12,190Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Andrew Kozar’s $2K as Executive Director is at the 12th percentile of top reported officer pay among 250 <$100K 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 · 5 named individuals · Part VII

NameFY2025FY2025FY2024FY2023FY2022
Andrew Kozar$2,000$2,000$19,150$17,300$15,190
Adrian Sandi——$17,650$15,900$13,190
Tyler Bouque——$17,450$15,700—
William Lang——$17,150$15,400$12,190
Jeffrey Gavett————$13,790

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.

See Loadbang INC executive salaries →

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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 15aNo

Programs and updates

Commissions new music, writes for the ensemble, and brings experimental sounds to children.

Provided by the organization

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3 programs · $131K · in their own filed words · FY2021
01

loadbang presented 4 in person and live streamed concerts in New York City as well as dozens of performance across the country and around the world.

$111Kprogram expense
02

loadbang video and audio recorded all of the concerts as well as 2 larger studio recording projects. This enables the ensemble to share its work with the greatest global audience possible.

$16Kprogram expense
03

loadbang commissioned 3 composers to write new works for the ensemble including Max Vinetz, Alex Temple, Daijana Wallace, and Forbes Graham.

$3Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$59K
Other incomeLn 4–11$528
Money outPt IX
$135K
Ln 25
Programscol B$131K
Managementcol C$4K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$11K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Government grantsLn 1e$31K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$59K
Other incomeLn 4–11$528
Gains on assetsLn 7$0
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$0
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$11K
LiabilitiesLn 26$0
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$18K$9K
InvestmentsLn 11–13$0$0
Total assetsLn 16$29K$20K
LiabilitiesLn 26$0$0
Net assetsLn 32$29K$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$54K$54K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$29K$28K$1K$0
Advertising and promotionLn 12$11K$9K$2K$0
Office expensesLn 13$36$0$36$0
Information technologyLn 14$374$0$374$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$3K$3K$0$0
TravelLn 17$30K$30K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$935$935$0$0
Other expenses (24a–d)Ln 24$6K$5K$943$0
Total functional expensesLn 25$135K$131K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $157K$22K 990 PDF
FY2024 $153K$13K 990 PDF
FY2023 $121K$121K−$218$11K 990 PDF
FY2022 Viewing $125K$135K−$10K$11K 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 FY2022 990 (6 parts)
Part I · Summary $125,413 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,151$66,352
I-9 Program service revenuePrior year $52,520$58,533
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $78$528
I-12 Total revenuePrior year $115,749$125,413
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 $73,261$54,360
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $27,319$80,630
I-18 Total expensesPrior year $100,580$134,990
I-19 Revenue less expensesPrior year $15,169−$9,577
Part VI · Governance 0 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $125,413 across 15 lines filed
Lines not itemized here account for $528 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$31,237
VIII-1f All other contributions, gifts and grants$35,115
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$66,352
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,533 · Unrelated business $0 · Excluded from tax $0$58,533
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $59,061 · Unrelated business $0 · Excluded from tax $0$125,413
Part IX · Statement of functional expenses $134,990 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $54,360 · Management $0 · Fundraising $0$54,360
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $28,206 · Management $1,180 · Fundraising $0$29,386
IX-12 Advertising and promotionPrograms $9,173 · Management $1,674 · Fundraising $0$10,847
IX-13 Office expensesPrograms $0 · Management $36 · Fundraising $0$36
IX-14 Information technologyPrograms $0 · Management $374 · Fundraising $0$374
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $2,947 · Management $0 · Fundraising $0$2,947
IX-17 TravelPrograms $29,919 · Management $0 · Fundraising $0$29,919
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $935 · Management $0 · Fundraising $0$935
IX-24 Other expenses (24a–d)Programs $5,243 · Management $943 · Fundraising $0$6,186
IX-25 Total functional expensesPrograms $130,783 · Management $4,207 · Fundraising $0$134,990
Part X · Balance sheet $19,707 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $17,996$8,604
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $11,288$11,103
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $29,284$19,707
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $29,284$19,707
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $29,284$19,707
X-33 Total liabilities and net assetsStart of year $29,284$19,707
Part XI · Reconciliation of net assets $19,707 net assets at year end
XI-1 Total revenue$125,413
XI-2 Total expenses$134,990
XI-3 Revenue less expenses−$9,577
XI-4 Net assets at start of year$29,284
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,707

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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