Overview
What is Bargemusic Ltd?
Bargemusic Ltd, located in Brooklyn, New York, is a 45-year-old nonprofit organization commited to enriching the cultural landscape of New York City. For decades, they have been presenting a myriad of chamber music concerts, providing a platform for a diverse range of musicians. Their mission extends beyond performances, as they also offer numerous admission-free concerts, making classical chamber music accessible to everyone. The unique setting of their floating concert hall adds to the allure, ensuring the entire canon of classical chamber music is within reach for the community. Over the years, they have showcased renowned musicians such as Marika Bournaki, Gerald Robbins, and Mark Peskanov, performing works by various composers like Beethoven, Mozart, and Chopin.
Official website here: www.bargemusic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Bargemusic Ltd has received a prestigious Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization achieved an impressive score of 96%, with the assessment derived entirely from its financial practices. Key highlights include a well-composed independent board, with 66% of members being independent, and a robust oversight mechanism, demonstrated by a perfect score in its audit and oversight committee.
The charity showcases a high level of transparency, having established several essential policies, including conflict of interest and whistleblower policies. Additionally, the charity maintains excellent financial health, with a liabilities-to-assets ratio of only 10.96%, and allocates a significant portion of its budget—approximately 88.49%—to program expenses. This indicates a strong focus on fulfilling its mission through effective resource management.
While the metrics indicate a healthy and well-managed organization, potential supporters might want to consider the overall impact of its programs, as financial ratings do not encompass the qualitative aspects of service delivery. Nonetheless, Bargemusic Ltd appears to be a reputable nonprofit with solid governance practices and a focus on fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Bargemusic Ltd legitimate?
Bargemusic Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bargemusic Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $214,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $169,371
For more financial information, click here
Official website here: www.bargemusic.org
What is the mission statement of Bargemusic Ltd?
For over four decades, Bargemusic Ltd has been committed to enriching the cultural landscape of a city by organizing concerts, providing performance opportunities to a multitude of musicians, and contributing to the community through free admission events. The organization's mission emphasizes making classical chamber music accessible to everyone, showcasing a wide range of composers such as Beethoven, Mozart, and Schubert, among others. Bargemusic Ltd also offers a variety of concert styles, including solo piano recitals, duo performances, and piano trios, ensuring a diverse musical experience for its audience. Furthermore, the organization offers educational programming, broadening its reach and covering various topics related to chamber music.
Official website here: www.bargemusic.org
Who is the CEO of Bargemusic Ltd?
Mark Peskanov is the Executive/Artistic Director of Bargemusic Ltd.
Official website here: www.bargemusic.org
What is the revenue of Bargemusic Ltd?
Bargemusic Ltd's revenue in 2022 was $620,885.
Official website here: www.bargemusic.org
Who are the executives of Bargemusic Ltd and what are their salaries?
The average compensation at Bargemusic Ltd during 2022 was $96,092. There are 4 employees at Bargemusic Ltd.
Here are 7 key members and their salaries:
- Compensation: $214,999
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- Other: $0
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Official website here: www.bargemusic.org
Where can I find the form 990 for Bargemusic Ltd?
Bargemusic Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bargemusic.org
Learn more at the official website: www.bargemusic.org
Mission Statement of Bargemusic Ltd
For over four decades, Bargemusic Ltd has been committed to enriching the cultural landscape of New York City. This nonprofit organization achieves this by hosting concerts, providing performance opportunities to a diverse array of musicians, and making classical chamber music accessible to everyone. By presenting a wide range of concerts, from solo piano recitals to duo and piano trio performances, Bargemusic Ltd ensures that the entire canon of chamber music is within reach for the city's residents.
Moreover, Bargemusic Ltd goes beyond just presenting concerts. It serves the community by offering admission-free concerts, making the beauty of classical music accessible to all. This unique floating concert hall, located in New York City, has been a beacon of cultural enrichment for 45 years, providing opportunities to both established and emerging musicians. The organization's commitment to diversity is evident in its concert series, featuring music by composers such as Schubert, Mozart, Prokofieff, Tchaikowsky, and many others.
In essence, Bargemusic Ltd is dedicated to enhancing the cultural life of New York City by presenting concerts, providing performance opportunities to a diverse group of musicians, and making classical chamber music accessible to everyone. Through its efforts, the organization has made a significant impact on the city's cultural landscape, offering a unique and enriching experience to all who attend its concerts.
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Impact
July, 2024
Bargemusic Ltd has made a significant impact on the cultural life of New York City for 45 years. By presenting concerts and providing performance opportunities to a diverse group of musicians, Bargemusic has enriched the city's classical music scene. The organization's commitment to offering admission-free concerts has made classical chamber music accessible to everyone, further enhancing the community's cultural experience. The unique setting of Bargemusic's floating concert hall adds to the allure of its performances, creating a distinctive and memorable experience for audiences. Through its MASTERWORKS series and a diverse range of musical offerings, Bargemusic has become a vital contributor to New York City's arts and cultural landscape, showcasing the talents of renowned musicians and bringing the beauty of classical music to a wide audience.
This information is meant to be a general summary of Bargemusic Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $182
- Program Service Revenue: $81,845
- Gross Receipts: $620,885
Assets and Liabilities:
- Total Assets: $895,143
- Total Liabilities: $16,756
- Net Assets: $878,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$81,845
Organization Details
Founding Year
1977
Phone
(718) 624-4924Principal Officer
Mark Peskanov
Main Address
Fulton Ferry Landing T Stairs, Brooklyn, NY, 11201
Website
www.bargemusic.orgNTEE Category
Code: A680 - Arts
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