Brooklyn Community Foundation
- Assets
- $115.9m
- Revenue
- $36.1m
- Investments
- $38.3m
- Employees
- 27
- Location
- Brooklyn, NY
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 11-3422729
Organization Overview
Brooklyn Community Foundation is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Brooklyn Community Foundation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Community Foundation 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 06/2022, Brooklyn Community Foundation generated $36.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $15.6m during the year ending 06/2022. While expenses have increased by 16.0% per year over the past 5 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.
Since 2017, Brooklyn Community Foundation has awarded 1,338 individual grants totaling $43,078,277. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPARK LASTING SOCIAL JUSTICE CHANGE, MOBILIZING PEOPLE, CAPITAL, & EXPERTISE FOR A FAIR BROOKLYN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUNDS: THIS PROGRAM PROVIDES CUSTOMIZED SUPPORT, GUIDANCE AND SERVICES TO DONORS WHO OPEN A DONOR ADVISED FUND WITH THE FOUNDATION. IN FY22, THE FOUNDATION ISSUED OVER $6 MILLION IN DONOR DIRECTED GRANTS - OVER 60% OF WHICH WENT TO BROOKLYN NONPROFITS.
BROOKLYN ELDERS FUND
INVEST IN YOUTH GRANT PORTFOLIO:IN FY22, THE FOUNDATION INVESTED OVER $2.43 MILLION THROUGH A UNIQUE SET OF PROGRAMS TO 55 YOUTH-SERVING NONPROFITS FROM OUR INVEST IN YOUTH GRANT PROGRAM. OUR BROOKLYN YOUTH ACTIVISTS ALSO ENTERED ITS SIXTH YEAR, ALLOWING YOUNG BROOKLYN RESIDENTS THE OPPORTUNITY TO BE COMMUNITY GRANTMAKERS.
WELLNESS AND RECOVERY FUND:LAUNCHED IN 2021, SUPPORTS ORGANIZATIONS WORKING TO ENSURE THAT THOSE WHO NAVIGATE THE DIFFICULT ROAD OF SUBSTANCE ABUSE AND ADDICTION DO SO WITH RELIABLE SUPPORT THAT HONORS THEIR AGENCY AND DIGNITY. THE FUND IS PROVIDING OVER $2.2 MILLION IN GRANTS FOR DIGNITY-CENTERED DIRECT SERVICES, EXPANSION AND INNOVATION OF HARM REDUCTION PROGRAMS AND SERVICES, AND SYSTEMS CHANGE EFFORTS FOCUSED ON AGENCY POLICIES AND SERVICE DELIVERY PROTOCOLS AND DIGNITY-CENTERED NARRATIVE SHIFTING WORK.
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 |
|---|---|---|---|
Nicole Gueron Co-Chair | OfficerTrustee | 1 | $0 |
Harsha G Marti Co-Chair | OfficerTrustee | 1 | $0 |
Sarah Williams Vice Chair | OfficerTrustee | 1 | $0 |
Michael Gillespie Treasurer | OfficerTrustee | 1 | $0 |
Katharine Darrow Secretary | OfficerTrustee | 1 | $0 |
Thomas Bettridge Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $330,505 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,476,696 |
| Noncash contributions included in lines 1a–1f | $6,192,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,807,201 |
| Total Program Service Revenue | $0 |
| Investment income | $855,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,516,484 |
| Net Income from Fundraising Events | -$93,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,110,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,040,313 |
| 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. | $169,426 |
| Compensation of current officers, directors, key employees. | $35,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,384,032 |
| Pension plan accruals and contributions | $85,005 |
| Other employee benefits | $198,137 |
| Payroll taxes | $113,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,771 |
| Fees for services: Accounting | $48,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $223,953 |
| Fees for services: Other | $590,703 |
| Advertising and promotion | $73,853 |
| Office expenses | $233,851 |
| Information technology | $200,017 |
| Royalties | $0 |
| Occupancy | $111,530 |
| Travel | $8,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,654 |
| Insurance | $14,927 |
| All other expenses | $0 |
| Total functional expenses | $15,582,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,329,163 |
| Savings and temporary cash investments | $10,352,563 |
| Pledges and grants receivable | $156,936 |
| 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 | $30,179 |
| Net Land, buildings, and equipment | $26,480 |
| Investments—publicly traded securities | $64,717,069 |
| Investments—other securities | $38,251,867 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,331 |
| Total assets | $115,930,588 |
| Accounts payable and accrued expenses | $303,701 |
| Grants payable | $1,561,250 |
| 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 | $22,420 |
| Total liabilities | $1,887,371 |
| Net assets without donor restrictions | $112,195,165 |
| Net assets with donor restrictions | $1,848,052 |
| 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 | $115,930,588 |
Grants Awarded
Over the last fiscal year, Brooklyn Community Foundation has awarded $11,083,462 in support to 316 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER HOURS PROJECT PURPOSE: GENERAL SUPPORT | $72,500 |
AMERICA ON TECH PURPOSE: GENERAL SUPPORT | $45,000 |
ARAB AMERICAN ASSOCIATION OF NEW YORK PURPOSE: GENERAL SUPPORT | $6,250 |
ARAB AMERICAN ASSOCIATION OF NEW YORK PURPOSE: GENERAL SUPPORT | $45,000 |
ARAB-AMERICAN FAMILY SUPPORT CENTER PURPOSE: GENERAL SUPPORT | $6,250 |
ARAB AMERICAN ASSOCIATION OF NEW YORK PURPOSE: GENERAL SUPPORT | $70,000 |