Nonprofit · EIN 13-3249311
BMI FOUNDATION INC
Tax-exempt · NEW YORK, NY 10007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $607,301 | $401,199 | $206,102 | $3,072,593 | $66,656 | $3,005,937 |
| December 31, 2023 | 990 | $231,691 | $400,993 | -$169,302 | $2,800,024 | $81,686 | $2,718,338 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $401,866
- Program service revenue
- $0
- Investment income
- $202,384
- Net gain from sales of assets
- -$1,144
- Other revenue
- $3,051
Expenses
- Grants and similar amounts paid
- $253,085
- Other salaries and wages
- $91,141
- Salaries, compensation and benefits (total)
- $97,964
- Professional fundraising fees
- $0
- Accounting fees
- $22,891
- Travel
- $5,047
- Program services (functional)
- $263,709
- Management and general (functional)
- $137,490
Balance sheet and other
- Total assets, start of year
- $2,800,024
- Total assets, end of year
- $3,072,593
- Total liabilities, end of year
- $66,656
- Net assets, end of year
- $3,005,937
- Publicly traded securities
- $3,006,402
- Net assets without donor restrictions
- $867,511
- Net assets with donor restrictions
- $2,138,426
- Gross receipts
- $643,445
- Employees
- 1
- Volunteers
- 5
- Year formed
- 1985
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEIRDRE CHADWICK | PRESIDENT Trustee or director, Officer | 5 | $0 |
| SAMANTHA COX | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAN COLEMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| CLAY BRADLEY | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILLIAM WELLS | TRUSTEE Trustee or director | 1 | $0 |
| PAMELA WILLIAMS | TRUSTEE Trustee or director | 1 | $0 |
| LUCIANA SOUZA | TRUSTEE Trustee or director | 1 | $0 |
| COREY FIELD | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEIRDRE CHADWICK | PRESIDENT Trustee or director, Officer | 15 | $0 |
| SAMANTHA COX | VICE PRESIDENT Trustee or director, Officer | 10 | $0 |
| DAN COLEMAN | TREASURER Trustee or director, Officer | 10 | $0 |
| CLAY BRADLEY | SECRETARY Trustee or director, Officer | 10 | $0 |
| MIKE O'NEILL | HONORARY CHAIR Trustee or director | 10 | $0 |
| COREY FIELD | TRUSTEE Trustee or director | 10 | $0 |
| PAMELA WILLIAMS | TRUSTEE Trustee or director | 10 | $0 |
| LUCIANA SOUZA | TRUSTEE Trustee or director | 10 | $0 |
| WILLIAM WELLS | TRUSTEE Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 7 WORLD TRADE CENTER 250 GREENWICH, NEW YORK, NY 10007-2140
- In care of
- % GARY CANNIZZO
- Principal officer (990 for 2024)
- DEIRDRE CHADWICK, 7 WTC 250 GREENWICH ST, NEW YORK, NY 10007
- Signed the 990
- DEIRDRE CHADWICK, PRESIDENT
- Phone
- (212) 220-3175
- Website
- BMIFOUNDATION.ORG
- Return prepared by
- LBMC PC
Mission
BMI FOUNDATION, INC. ISSUES GRANTS AFTER CONSIDERATION BY AN ADVISORY PANEL TO ORGANIZATIONS AND INDIVIDUALS REQUESTING ASSISTANCE FOR MUSIC-RELATED ACTIVITIES.
Program accomplishments
- THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF MUSIC INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROJECTS, THE PRESERVATION OF THE INDIGENOUS AMERICAN JAZZ AND BLUES FORMS, AND THE CREATION AND EXPOSURE TO AUDIENCES OF CONTEMPORARY MUSIC, PARTICULARLY IN THE AREAS OF CONCERT AND OPERATIC MUSIC, JAZZ, AND MUSICAL THEATRE.Expenses $263,709 · grants $253,085
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3249311
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,072,593
- Income (IRS master file)
- $643,445
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $607,301 | $401,199 | $3,072,593 | XML |
| 990 | December 2023 | $231,691 | $400,993 | $2,800,024 | XML |
| 990 | December 2022 | $392,464 | $394,852 | $2,672,117 | IRS |
| 990 | December 2021 | $326,418 | $412,909 | $3,242,347 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3249311).
Questions about BMI FOUNDATION INC
- What is the EIN of BMI FOUNDATION INC?
- The employer identification number (EIN) of BMI FOUNDATION INC is 13-3249311.
- Is BMI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to BMI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BMI FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BMI FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BMI FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BMI FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DEIRDRE CHADWICK.
- Who are the officers and directors of BMI FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does BMI FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $607,301, expenses of $401,199 and total assets of $3,072,593 at year end.
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