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Bams Fest INC FY2020 filing

Tax-deductible

Dorchester, MA501(c)(3)Arts & CultureEIN 81-2970737Revenue $368K in FY2020

On file with the IRSbamsfest.org1452 Dorchester Ave Ste 4, 02122-1386 · Dorchester, MATax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to provide a high qulaity, value based, annual arts and community festival, which strives to break down racial and social barriers to arts and culture equity.

501(c)(3) charity; gifts are tax-deductible.
19¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
19%
of spending
Concern: 19% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 39.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $78K
Looks good: 7 funders name it on their filings; 3 or more.
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 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
Spent
$87K
To programs
19%
Net assets
$289K
By yearFY2020–FY2024
Revenue
$368K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$368K
FY2021$333K
FY2022$598K
FY2023$875K
FY2024$690K
Expenses
$87K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$87K
FY2021$319K
FY2022$797K
FY2023$960K
FY2024$801K
Net assets
$289K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$289K
FY2021$303K
FY2022$173K
FY2023$306K
FY2024$195K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2016.

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

Where the money goes

19 cents of each dollar spent went to programs.

Program services 19% · $17K Management & general 52% · $46K Fundraising 29% · $25K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Amy Carleton
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Dahn
Director
$0Pt VII · Sec A
Reginauld Williams
Board Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Catherine T Morris
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bams Fest 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

Hosts an annual arts festival to break down barriers and promote arts and culture equity.

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Provided by the organization

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1 program · $17K · in their own filed words · FY2020
01

Although 2020 was challenging for all due to the pandemic the organization was still able to put on a socially distant outdoor concert, a digital concert series to support black & brown artist and hold a virtual music competition.

$17Kprogram 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
Wagner FoundationFY2024$25K
New England Patriots Charitable Foundation INCFY2024$15K
The New Commonwealth Racial Equity and Social Justice Fund INCFY2024$12K
Boston Foundation INCFY2024$10K
Fidelity Investments Charitable Gift FundFY2024$5K
Krupp Family FoundationFY2024$5K
Mortimer and Mimi Levitt Foundation INCFY2024$5K
Total grants receivedfrom 7 funders$78K
See all 7 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$368K
Ln 12
Gifts and grantsLn 1h$368K
Money outPt IX
$87K
Ln 25
Programscol B$17K
Managementcol C$46K
Fundraisingcol D$25K
Owns and owesPt X
$289K
net assets · Ln 32
Cash and savingsLn 1–2$289K
Total assetsLn 16$289K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$368K
Fundraising eventsLn 1c$95K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$289K
Cash and savings togetherLn 1–2$289K
Other assetsLn 15$151
Total assetsLn 16$289K
LiabilitiesLn 26$0
Net assetsLn 32$289K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$8K$289K
Total assetsLn 16$8K$289K
LiabilitiesLn 26$0$0
Net assetsLn 32$8K$289K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$115$115
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$25K$25K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$13K$13K
Information technologyLn 14$1K$1K
TravelLn 17$1K$1K
InsuranceLn 23$552$552
Other expenses (24a–d)Ln 24$19K$11K$7K
Total functional expensesLn 25$87K$17K$46K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $690K$801K−$111K$195K 990 PDF
FY2023 $875K$960K−$84K$306K 990 PDF
FY2022 $598K$797K−$199K$173K 990 PDF
FY2021 $333K$319K$14K$303K 990 PDF
FY2020 Viewing $368K$87K$281K$289K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $368,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $236,709$368,116
I-9 Program service revenuePrior year $119,701$0
I-10 Investment income$0
I-11 Other revenuePrior year $11,705$0
I-12 Total revenuePrior year $368,115$368,116
I-13 Grants and similar amounts paidPrior year $115$115
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,850$0
I-16a Professional fundraising fees$24,967
I-17 Other expensesPrior year $84,395$62,278
I-18 Total expensesPrior year $87,360$87,360
I-19 Revenue less expensesPrior year $280,755$280,756
Part VI · Governance 0 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $368,116 across 4 lines filed
VIII-1c Fundraising events$95,116
VIII-1f All other contributions, gifts and grants$273,000
VIII-1h Total contributions, gifts and grants$368,116
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$368,116
Part IX · Statement of functional expenses $87,360 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $115$115
IX-11b Legal feesManagement $1,000$1,000
IX-11c Accounting feesManagement $2,150$2,150
IX-11e Professional fundraising feesFundraising $24,967$24,967
IX-11g Other fees for servicesManagement $19,029$19,029
IX-12 Advertising and promotionPrograms $5,282$5,282
IX-13 Office expensesManagement $12,831$12,831
IX-14 Information technologyManagement $1,200$1,200
IX-17 TravelManagement $1,426$1,426
IX-23 InsuranceManagement $552$552
IX-24 Other expenses (24a–d)Programs $11,346 · Management $7,462$18,808
IX-25 Total functional expensesPrograms $16,743 · Management $45,650 · Fundraising $24,967$87,360
Part X · Balance sheet $289,165 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $8,409$289,014
X-15 Other assets$151
X-16 Total assetsStart of year $8,409$289,165
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,409$289,165
X-33 Total liabilities and net assetsStart of year $8,409$289,165
Part XI · Reconciliation of net assets $289,165 net assets at year end
XI-1 Total revenue$368,116
XI-2 Total expenses$87,360
XI-3 Revenue less expenses$280,756
XI-4 Net assets at start of year$8,409
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,165

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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