Loadbang INC FY2023 filing

New York, NY · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$121K
-4% vs prior year
Spent
$121K
To programs
95%
Net assets
$11K
By yearFY2022–FY2025
Revenue
$121K
FY2023▼ -4%
Revenue by fiscal year
FY2022$125K
FY2023$121K
FY2024$153K
FY2025$157K
FY2025$89K
Expenses
$121K
FY2023▼ -11%
Expenses by fiscal year
FY2022$135K
FY2023$121K
FY2024Not on file
FY2025Not on file
FY2025$96K
Net assets
$11K
FY2023▼ -2%
Net assets by fiscal year
FY2022$11K
FY2023$11K
FY2024$13K
FY2025$22K
FY2025$15K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CLoadbang INC
EINHdr · item D46-1899944
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFArts & Culture (A60)
WebsiteHdr · item Jwww.loadbang.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$114K
Management & general5%$6K
Total functional expensesLn 25$121K

Financial health

Is it on solid ground?

Program efficiency
95%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$11K
FY2023▼ -2%
Total assets by fiscal year
FY2022$11K
FY2023$11K
FY2024Not on file
FY2025Not on file
FY2025$15K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2022$0
FY2023$0
FY2024Not on file
FY2025Not on file
FY2025$0
Revenue less expensesPt I · Ln 19−$218
Total assetsPt X · Ln 16$11K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$8K
Total assetsLn 16$11K
Total liabilitiesLn 26$0
Total net assetsLn 32$11K
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Contributions & grants$69K · 57%
Program service revenue$51K · 43%
Contributions & grants57%$69K
Program service revenue43%$51K
Other revenue$327
— government grantsLn 1e$45K
Total revenueLn 12$121K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8K · Operating expenses/yr $121K
0.8 months
Where the money goes
Program services
Program services $114K · Total expenses $121K
95%
Management & General
Management & general $6K · Total expenses $121K
5%
Fundraising
Fundraising $0 · Total expenses $121K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $29K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $69K · Total revenue $121K
57%
Government reliance
Government grants $45K · Total revenue $121K
38%
Earned-income share
Program service revenue $51K · Total revenue $121K
43%
Investment reliance
Investment income $0 · Total revenue $121K
0%
Program self-sufficiency
Program service revenue $51K · Total expenses $121K
42%
Growth & trend
Revenue growth (YoY)
This year $121K · Prior year $125K
-4%
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $121K · Expenses $121K
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $11K
—
Net-asset ratio
Net assets $11K · Total assets $11K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $11K
0%
People & payroll
Highest Reported Total Compensation
Individual Andrew Kozar · Reported title Executive Director · Highest reported compensation $17K · Total expenses $121K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $64K · Total expenses $121K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Revenue growth -4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.1%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$17,300Pt VII · Sec A
Director of Development
$15,900Pt VII · Sec A
Artistic Director
$15,700Pt VII · Sec A
Treasurer
$15,400Pt 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.

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $114K of program spending, described in the organization's own filed words · FY2022.
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.

$95Kprogram expense
02

loadbang video and audio recorded 4 concerts as well as finalizing a larger recording project. This enables the ensemble to share its work with the greatest global audience possible.

$10Kprogram expense
03

loadbang commissioned 4 composers to write new works for the ensemble including Fernando Santiago, Felipe Lara, Daniel Sabzghabaei, and Raven Chacon.

$9Kprogram expense

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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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 $157K—+3% 990 PDF
FY2024 $153K—+27% 990 PDF
FY2023 Viewing $121K$121K-4% 990 PDF
FY2022 $125K$135K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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