Brooklyn Womens Exchange Inc
- Assets
- $1.6m
- Revenue
- $233.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Brooklyn, NY
- Founding
- 10/1983
- Data as of
- 08/2023
- EIN
- 11-2650941
Organization Overview
Brooklyn Womens Exchange Inc is located in Brooklyn, NY. The organization was established in 1983. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Brooklyn Womens Exchange Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Womens Exchange 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 08/2023, Brooklyn Womens Exchange Inc generated $233.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $218.0k during the year ending 08/2023. While expenses have increased by 10.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BROOKLYN WOMEN'S EXCHANGE PROVIDES A FACILITY AND SERVICES TO FULFILL THE FOLLOWING EXEMPT PURPOSES OF THE ORGANIZATION:1. AN OPPORTUNITY FOR THOSE WHO WORK IN THE HANDCRAFT TRADITION, ARE DISADVANTAGED, ELDERLY AND/OR HANDICAPPED OR LIVE ON A LIMITED INCOME TO SELL THEIR HANDICRAFT ITEMS; 2. A CONTRIBUTION TO THE SUPPORT, MENTAL HEALTH AND WELL-BEING OF THE DISADVANTAGED, ELDERLY AND HANDICAPPED CRAFTERS BY ENABLING THEM TO DISPLAY THEIR HANDCRAFTED WORK PRODUCTS TO THE GENERAL PUBLIC; AND 3. A MEANS TO ENRICH AND ENCOURAGE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE RICH AND HISTORIC AMERICAN HERITAGE OF HANDCRAFTED ARTICLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROOKLYN WOMEN'S EXCHANGE PROVIDES A FACILITY AND SERVICES TO FULFILL THE FOLLOWING EXEMPT PURPOSES OF THE ORGANIZATION:1. AN OPPORTUNITY FOR THOSE WHO WORK IN THE HANDCRAFT TRADITION, ARE DISADVANTAGED, ELDERLY AND/OR HANDICAPPED OR LIVE ON A LIMITED INCOME TO SELL THEIR HANDICRAFT ITEMS; 2. A CONTRIBUTION TO THE SUPPORT, MENTAL HEALTH AND WELL-BEING OF THE DISADVANTAGED, ELDERLY AND HANDICAPPED CRAFTERS BY ENABLING THEM TO DISPLAY THEIR HANDCRAFTED WORK PRODUCTS TO THE GENERAL PUBLIC; AND 3. A MEANS TO ENRICH AND ENCOURAGE THE PUBLIC'S UNDERSTANDING AND APPRECIATION OF THE RICH AND HISTORIC AMERICAN HERITAGE OF HANDCRAFTED ARTICLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Aurigemma President | Trustee | 20 | $0 |
Emily Everhart 1st Vice President | Trustee | 20 | $0 |
Joanne Mack 2nd Vice President | Trustee | 20 | $0 |
Lisa Lambert Assistant Treasurer | Trustee | 20 | $0 |
Donna Whiteford Treasurer | Trustee | 20 | $0 |
Karla Olivier Corresponding Secretary | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,410 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,493 |
| Total Program Service Revenue | $0 |
| Investment income | $40,054 |
| 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 | $143,256 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $39,845 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,640 |
| Advertising and promotion | $1,892 |
| Office expenses | $19,850 |
| Information technology | $15,003 |
| Royalties | $0 |
| Occupancy | $75,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,333 |
| Insurance | $7,849 |
| All other expenses | $5,931 |
| Total functional expenses | $217,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $19,667 |
| Prepaid expenses and deferred charges | $6,157 |
| Net Land, buildings, and equipment | $32,953 |
| Investments—publicly traded securities | $1,527,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,000 |
| Total assets | $1,625,717 |
| Accounts payable and accrued expenses | $1,439 |
| 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 | $0 |
| Other liabilities | $4,099 |
| Total liabilities | $5,538 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,613,179 |
| Total liabilities and net assets/fund balances | $1,625,717 |