78th Precinct Youth Council Inc
- Assets
- $90.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/1989
- Data as of
- 08/2023
- EIN
- 11-2947101
Organization Overview
78th Precinct Youth Council Inc is located in Brooklyn, NY. The organization was established in 1989. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 78th Precinct Youth Council 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, 78th Precinct Youth Council Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES BASEBALL, BASKETBALL, AND FLAG FOOTBALL PROGRAMS FOR SCHOOL AGED CHILDREN MOSTLY LIVING IN THE PROSPECT PARK, BROOKLYN NY AREA. THE ORGANIZATION PROMOTES SOCIAL DEVELOPMENT, FOSTERS TEAMWORK & EMPHASIZES SPORTSMANSHIP IN A SUPERVISED, COMPETITIVE LEAGUE STRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Ross Chair | 5 | $0 | |
Adam Fisher President | 40 | $120,000 | |
Alice Cheng Secretary | 4 | $0 | |
Edward Kohler Treasurer | 2 | $0 | |
John Rouse Director | 2 | $0 | |
Amy Gleeson Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
360 Sports Performance | 8/30/17 | $73,823 |
Signature Properties | 8/30/17 | $67,248 |
360 Sports Performance | 8/30/17 | $73,823 |
Signature Properties | 8/30/17 | $67,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,158 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,038,926 |
| Total Revenue | $1,052,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $198,034 |
| Other employee salaries and wages | $305,795 |
| Pension plans, employee benefits | $97,412 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $82,791 |
| Travel, conferences, and meetings | $3,372 |
| Printing and publications | $0 |
| Other expenses | $377,344 |
| Total operating and administrative expenses | $1,101,248 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,101,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,848 |
| Savings and temporary cash investments | $3 |
| Net Accounts receivable | $67,463 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $951 |
| Total assets | $90,211 |
| Accounts payable and accrued expenses | $25,095 |
| Grants payable | $0 |
| Deferred revenue | $172,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $197,095 |
Grants Awarded
Over the last fiscal year, 78th Precinct Youth Council Inc has awarded $490 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK SPORTS ORGANIZATION PURPOSE: PROGRAM SUPPORT | $440 |
PARK SLOPE CIVIC COUNCIL PURPOSE: PROGRAM SUPPORT | $50 |