Brooklyn Alliance Inc
- Assets
- $5.4m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Brooklyn, NY
- Founding
- 03/1968
- Data as of
- 12/2022
- EIN
- 11-2145956
Organization Overview
Brooklyn Alliance Inc is located in Brooklyn, NY. The organization was established in 1968. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Brooklyn Alliance Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Brooklyn Alliance Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND MONITOR COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS THROUGHOUT BROOKLYN, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY/ECONOMIC DEVELOPMENT - THROUGH A COMBINATION OF ORGANIZATION FUNDS, CORPORATE CONTRIBUTIONS AND GOVERNMENT GRANTS, THE ORGANIZATION MAINTAINS VARIOUS COMMUNITY PROGRAMS TO IMPROVE BROOKLYN'S QUALITY-OF-LIFE & STIMULATE ITS ECONOMY.
BUSINESS SOLUTION CENTER - AN INITIATIVE OF NYC DEPARTMENT OF SMALL BUSINESSES (SBS) TO PROMOTE THE DEVELOPMENT AND ECONOMIC WELL-BEING OF GROWING BUSINESSES BY ANSWERING QUESTIONS, OFFERING CLASSES, AND ASSISTING WITH OBTAINING LOANS AND LEVERAGING GOVERNMENT AND COMMUNITY RESOURCES.
BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randolph Peers President & CEO | OfficerTrustee | 17 | $128,164 |
Ana Oliverira Chair | OfficerTrustee | 5 | $0 |
Pasquale Patrone Treasurer | OfficerTrustee | 5 | $0 |
Susan Doban Secretary | OfficerTrustee | 5 | $0 |
Antonia Yuille-Williams Member (resigned 12/31/22) | Trustee | 1 | $0 |
Evelyn Ortiz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,463 |
| Related organizations | $0 |
| Government grants | $5,174,014 |
| All other contributions, gifts, grants, and similar amounts not included above | $624,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,875,237 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,905,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,648 |
| Compensation of current officers, directors, key employees. | $54,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,363,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,859 |
| Payroll taxes | $219,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,265,286 |
| Advertising and promotion | $0 |
| Office expenses | $94,522 |
| Information technology | $42,541 |
| Royalties | $0 |
| Occupancy | $424,347 |
| Travel | $14,054 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,019 |
| Interest | $35,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,362 |
| Insurance | $90,528 |
| All other expenses | $0 |
| Total functional expenses | $6,234,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,882,654 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,836 |
| Net Land, buildings, and equipment | $49,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,931,833 |
| Total assets | $5,411,345 |
| Accounts payable and accrued expenses | $410,911 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $161,811 |
| Other liabilities | $4,393,140 |
| Total liabilities | $4,965,862 |
| Net assets without donor restrictions | $280,316 |
| Net assets with donor restrictions | $165,167 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,411,345 |
Grants Awarded
Over the last fiscal year, Brooklyn Alliance Inc has awarded $76,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MANHATTAN CHAMBER OF COMMERCE PURPOSE: GRANT | $26,500 |
CHAMBER OF COMMERCE BOROUGH OF QUEENS PURPOSE: GRANT | $16,500 |
NEW BRONX CHAMBER OF COMMERCE PURPOSE: GRANT | $16,500 |
STATEN ISLAND CHAMBER OF COMMERCE PURPOSE: GRANT | $16,500 |