2024-11-12T11:09:53-06:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 465278190 THE HIP HOP MUSEUM HIPH 8778295500 PO BOX 6001 BRONX NY 10451 DANIEL BUCANO EXECUTIVE DIRECTOR 8778295500 2024-11-12 1 0 JENNIFER COATES P02247728 2126972299 2023 2024-10-15 13:58:12Z X DANIEL BUCANO PO BOX 6001 BRONX NY 10451 2809997 0 X WWW.THHM.ORG X 2015 NY THE HIP HOP MUSEUM IN THE BRONX CELEBRATES AND PRESERVES THE HISTORY OF LOCAL AND GLOBAL HIP HOP MUSIC AND CULTURE TO INSPIRE, EMPOWER, AND PROMOTE UNDERSTANDING. 8 7 6 50 0 0 448498 2193078 79848 152319 0 0 102489 65413 630835 2410810 5400 6500 0 0 208277 333067 43650 152729 678235 1341083 1751156 1598410 2243452 -967575 167358 2719194 2951772 602025 667245 2117169 2284527 X THE HIP HOP MUSEUM PRESERVES THE PAST, CELEBRATES THE PRESENT, AND LEADS THE GLOBAL FUTURE OF HIP HOP, INSPIRING, EDUCATING, AND EMPOWERING ALL. 0 0 239494 217732 THE [R]EVOLUTION OF HIP HOP AT BRONX TERMINAL MARKET:THE [R]EVOLUTION OF HIP HOP CONTINUED TO DRAW THOUSANDS OF VISITORS TO AN IMMERSIVE JOURNEY THAT CELEBRATED THE HISTORY AND FIVE CORE ELEMENTS OF HIP HOP: MC-ING, DJ-ING, BREAKDANCING, AEROSOL ART, AND KNOWLEDGE. THIS EXPERIENCE INTEGRATED ARCHIVAL MATERIAL, EXPERIMENTAL STORYTELLING TECHNIQUES, AND DYNAMIC INTERACTIVE EXHIBITS, ALLOWING GUESTS TO EXPLORE HIP HOP'S GLOBAL INFLUENCE FROM ITS ROOTS IN THE BRONX. THROUGH HANDS-ON INTERACTIONS AND MULTIMEDIA PRESENTATIONS, VISITORS ENGAGED DEEPLY WITH THE CULTURE, BUILDING APPRECIATION FOR HIP HOP'S ROLE AS A POWERFUL MEDUIM OF SOCIAL EXPRESSION AND TRANSFORMATION. THIS PROGRAM DIRECTLY SUPPORTED THE MUSEUM'S MISSION BY EDUCATING THE PUBLIC ON HIP HOP'S ORIGINS AND FOSTERING A SHARED UNDERSTANDING OF ITS ONGOING CULTURAL IMPACT. 180000 THE DRIP HIP HOP FASHION SHOW AT THE HARD ROCK HOTEL:THE DRIP HIP HOP FASHION SHOW SHOWCASED THE INTERSECTION OF HIP HOP AND FASHION BY FEATURING DESIGNS FROM LEGENDARY FIGURES LIKE DAPPER DAN ALONGSIDE EMERGING TALENT. THIS EVENT CELEBRATED THE FASHION LEGACY OF HIP HOP, WHICH HAS INFLUENCED GLOBAL STYLE AND IDENTITY FOR GENERATIONS. THE SHOW HIGHLIGHTED HIP HOP'S ROLE AS A CULTURAL FORCE THAT RESHAPES ARTISTIC EXPRESSION AND AMPLIFIES MARGINALIZED VOICES. BY PROMOTING NEW DESIGNERS ALONGSIDE ESTABLISHED NAMES, THE MUSEUM SUPPORTED ITS MISSION TO UPLIFT AND EMPOWER CREATIVIE COMMUNITIES WITHIN HIP HOP CULTURE. THE DRIP FASHION SHOW PROVIDED ATTENDEES WITH A VIBRANT, EDUCATIONAL EXPERIENCE THAT UNDERSCORED HIP HOP'S SIGNIFICANT CONTRIBUTIONS TO THE FASHION INDUSTRY AND INSPIRED ATTENDEES TO CONSIDER FASHION'S ROLE IN CULTURAL STORYTELLING. 988468 THE HIP HOP 50 CELEBRATION:TO COMMEMORATE HIP HOP'S 50TH ANNIVERSARY, THE MUSEUM ORGANIZED A SERIES OF CELEBRATORY EVENTS, INCLUDING A FREE OUTDOOR CONCERT AT MILL POND PARK AND A HIGH-PROFILE CONCERT YANKEE STADIUM. THESE EVENTS ATTRACTED A BROAD AUDIENCE OF FANS, ARTISTS, AND SUPPORTERS WHO GATHERED TO HONOR THE LEGACY AND FUTURE OF HIP HOP. THE OUTDOOR CONCERT, FREE TO THE PUBLIC, STRENGTHENED COMMUNITY TIES. BY BRINGING TOGETHR LEGENDS AND CONTEMPORARY ARTISTS, THESE CELEBRATIONS SPOTLIGHTED HIP HOP'S RICH HISTORY AND CONTINUED INFLUENCE. THESE CELEBRATIONS ALIGNED CLOSELY WITH THE MUSEUM'S MISSION, PROVIDING AN INCLUSIVE SPACE TO HONOR THE CONTRIBUTIONS OF HIP HOP PIONEERS, CELEBRATE THE GENRE'S RESILIENCE, AND INSPIRE FUTURE GENERATIONS OF CREATORS AND LEADERS. 1407962 1 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 49 0 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 1 0 0 NY X X DANIEL BUCANO 8778295500 PO BOX 6001 BRONX NY 10451 DANIEL BUCANO EXECUTIVE DIRECTOR 40.00 X X 111333 0 0 ADAM SILVERSTEIN TRUSTEE 40.00 X 0 0 0 PETER BITTENBENDER TRUSTEE 1.00 X 0 0 0 BRUCE JACKSON TRUSTEE 1.00 X 0 0 0 FAITH NEWMAN TRUSTEE 1.00 X 0 0 0 RUBEN DIAZ JR TRUSTEE 1.00 X 0 0 0 LU SHAWN THOMPSON TRUSTEE (FROM JUNE 2023) 1.00 X 0 0 0 SISSI JOHNSON TRUSTEE (FROM AUGUST 2023) 1.00 X 0 0 0 ROBERT REID TREASURER 16.00 X 0 0 0 111333 0 0 1 0 0 0 0 402549 683749 1106780 58616 2193078 MUSEUM ADMISSIONS 713990 152319 152319 152319 297136 402549 297136 0 111052 102051 9001 9001 OTHER EARNED INCOME 900999 56412 56412 56412 2410810 217732 0 0 6500 6500 111333 72366 22267 16700 187373 118240 4067 65066 550 351 48 151 33811 21575 2981 9255 123858 61929 61929 20584 18526 2058 39000 31200 7800 60000 30000 30000 152729 152729 202743 180595 22148 15769 11038 1577 3154 2081 1457 416 208 132135 101559 30576 37731 28298 7546 1887 CONCERTS AND EVENTS 608254 265220 343034 PROGRAMMING AND CONTENT 242793 242793 EXHIBITS 151028 151028 DUES, LICENSES AND SUBS 82697 66158 16342 197 32483 17655 13756 1072 2243452 1407962 157255 678235 337686 2212886 2279 2279 1758082 28117 2322 15710 5250 693240 0 593115 693240 10000 10000 2719194 2951772 602025 667245 602025 667245 X 173445 0 1943724 2284527 2117169 2284527 2719194 2951772 167358 0 X 0 1 X 0 0 X 304219 477680 3476573 448498 2193078 6900048 304219 477680 3476573 448498 2193078 6900048 4167817 2732231 100000 56412 156412 7056460 548864 0.38720 0.20020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 60000 0 0 60000 0 PART II-B, LINE 1: WORKED TO SECURE FUNDING FROM NEW YORK STATE AND NEW YORK CITY SOURCES FOR THE MUSEUM'S PREMISES AND PROGRAMS. X X X X 0 693240 693240 693240 2410810 0 2410810 0 2410810 2243452 0 2243452 0 2243452 PART III, LINE 1A: THE MUSEUM MAINTAINS A COLLECTION OF ART, ARTIFACTS, CLOTHING, DOCUMENTS, PHOTOGRAPHY, AND OTHER ITEMS RELATING TO THE HISTORY OF HIP HOP MUSIC AND CULTURE. THROUGH AUGUST 2023, A PORTION OF THE COLLECTIONS AND ARCHIVES ARE WERE ON VIEW AT THE MUSEUM'S TEMPORARY GALLERY. THE COLLECTIONS ARE ALSO ACCESSIBLE FOR RESEARCH BY SCHOLARS AND THE GENERAL PUBLIC. THE MUSEUM'S COLLECTIONS ARE MAINTAINED UNDER CURATORIAL CARE AND ARE HELD FOR RESEARCH, EDUCATION, AND PUBLIC EXHIBITION, NOT FOR FINANCIAL GAIN. IT IS THE MUSEUM'S POLICY THAT ANY PROCEEDS FROM THE DEACCESSIONING OF ANY COLLECTION ITEMS SHALL BE PLACED EITHER IN A TEMPORARILY RESTRICTED FUND TO BE USED ONLY FOR THE ACQUISITION, PRESERVATION, PROTECTION OR CARE OF COLLECTIONS, OR IN A PERMANENTLY RESTRICTED FUND THE EARNINGS OF WHICH SHALL BE USED ONLY FOR THE ACQUISITION, PRESERVATION, PROTECTION OR CARE OF COLLECTIONS. THE MUSEUM EXCLUDES THE CARRYING VALUE OF COLLECTIONS FROM ITS STATEMENT OF FINANCIAL POSITION. ACQUISITIONS FOR THE COLLECTIONS ARE REFLECTED AS DECREASES IN THE MUSEUM'S NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED IN THE MUSEUM'S FINANCIAL STATEMENTS. PART III, LINE 4: THE MUSEUM'S COLLECTIONS AND ARCHIVES CONSIST OF OVER 30,000 ITEMS WHICH SERVE TO PROVIDE CONTEXT FOR THE HISTORY OF LOCAL AND GLOBAL HIP HOP MUSIC, AND TO INSPIRE, EMPOWER, AND PROMOTE UNDERSTANDING AS STATED DIRECTLY IN THE MUSEUM'S MISSION STATEMENT. X X X X X X 1 KOSZYN & COMPANY LLC 215 PARK AVENUE SOUTH 11TH FLOOR NEW YORK NY 10003 PROFESSIONAL FUNDRAISING SERVICES 0 0 135000 -135000 HAVEN POINT ASSOCIATES PO BOX 21 FORT MILL SC 29718 GRANTS MANAGEMENT AND FUNDRAISING PROCESS IMPROVEMENT 0 0 13074 -13074 148074 -148074 BENEFIT GALA 699685 402549 297136 168240 65000 63896 699685 402549 297136 168240 65000 63896 297136 0 1 OUR KIDS READ ASSOCIATION 14203 DOWNDALE CT LAUREL MD 20707 833401365 501(C)(3) 5000 0 PROGRAM SUPPORT 1 PART I, LINE 2: THE MUSEUM MONITORS THE USE OF GRANT FUNDS THROUGH WRITTEN OR VERBAL REPORTS RECEIVED FROM GRANTEES. KYLERR BUCANO FAMILY MEMBER OF DANIEL BUCANO, EXECUTIVE DIRECTOR 45000 COMPENSATION FOR SERVICES PERFORMED 0 X 758 N/A X BENEFIT MATERIALS 2212 58616 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: THE MUSEUM'S COLLECTION IS HELD FOR PUBLIC EXHIBITION, EDUCATION, AND IN FURTHERANCE OF PUBLIC SERVICE. THEREFORE, AS PERMITTED UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE MUSEUM DOES NOT REPORT IN ITS STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES WORKS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS, INLCUDING HISTORICAL ARTIFACTS REPORTED IN SCHEDULE M, PART I. FORM 990, PART VI, SECTION B, LINE 11B THE MUSEUM'S 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER, WITH THE RESULTS OF THAT REVIEW REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12 OFFICERS, TRUSTEES OR KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE BOARD OR A COMMITTEE OF THE BOARD THE EXISTENCE OF ANY FINANCIAL INTERESTS WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST. IN ADDITION, EACH TRUSTEE MUST SUBMIT PRIOR TO ELECTION A SIGNED WRITTEN STATEMENT IDENTIFYING (1) ANY ENTITY OF WHICH THE TRUSTEE IS AN OFFICER, DIRECTOR, MEMBER, OWNER OR EMPLOYEE AND WITH WHICH THE MUSEUM HAS A RELATIONSHIP, AND (2) ANY TRANSACTION IN WHICH THE MUSEUM IS A PARTICIPANT AND IN WHICH THE TRUSTEE MIGHT HAVE A CONFLICT OF INTEREST. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, THE OFFICER, DIRECTOR OR KEY EMPLOYEE WITH A POTENTIAL CONFLICT OF INTEREST MAY MAKE A PRESENTATION AT A MEETING OF THE BOARD OR A COMMITTEE OF THE BOARD, BUT AFTER SUCH PRESENTATION THE OFFICER, DIRECTOR OR KEY EMPLOYEE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE REMAINING MEMEBERS OF THE BOARD OR A COMMITTEE OF THE BOARD WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE MUSEUM'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABE UPON REQUEST.