Brooklyn Youth Sports Club Inc
- Assets
- $278.7k
- Revenue
- $673.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Brooklyn, NY
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-1404772
Organization Overview
Brooklyn Youth Sports Club Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Brooklyn Youth Sports Club Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Youth Sports Club 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 12/2021, Brooklyn Youth Sports Club Inc generated $673.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $580.0k during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BKYSC ASSIST BROOKLYN YOUTH IN THEIR PURSUIT OF COLLEGE ENROLLMENT USING BASKETBALL AS THE HOOK FOR ACADEMIC ENGAGEMENT AND CHARACTER DEVELOPMENT BY COMBINING INTENSIVE BASKETBALL PROGRAMMING AND RIGOROUS ACADEMIC SUPPORT. BKYSC BUILDS AN ENRICHING EDUCATIONAL SETTING THAT EMPOWERS YOUTH TO FULFILL THEIR ACADEMIC, AND PERSONAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MAIN PROGRAM IS BKYSC ACADEMY. THE BKYSC ACADEMY IS A YEAR-ROUND AFTER-SCHOOL PROGRAM DESIGNED TO MEET THE ACADEMIC NEEDS OF EACH INDIVIDUAL PARTICIPANT BY OFFERING A WIDE SPECTRUM OF ACADEMIC SUPPORT IN AREAS INCLUDING LITERACY DEVELOPMENT, HOMEWORK HELP, INDIVIDUAL AND GROUP TUTORING, SAT/ACT PREPARATION, AND REGENTS PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harris Friess Exec. Director/dir. Of Programs | Officer | 60 | $72,000 |
Lyle Friess Exec. Director/dir. Of Development | Officer | 60 | $72,000 |
Jed Limmer President | OfficerTrustee | 0.1 | $0 |
Benjamin Ezra Vice President | OfficerTrustee | 0.1 | $0 |
Gregg Weiss Secretary | OfficerTrustee | 0.1 | $0 |
Rachel Hammer Treasurer | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $124,487 |
| Related organizations | $0 |
| Government grants | $64,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,026 |
| Total Program Service Revenue | $1,744 |
| 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 | $673,770 |
| 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. | $144,000 |
| Compensation of current officers, directors, key employees. | $41,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,230 |
| Advertising and promotion | $669 |
| Office expenses | $4,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,000 |
| Travel | $338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,272 |
| All other expenses | $0 |
| Total functional expenses | $580,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,012 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,702 |
| Accounts payable and accrued expenses | $16,806 |
| 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 | $148,379 |
| Total liabilities | $165,185 |
| Net assets without donor restrictions | $113,517 |
| Net assets with donor restrictions | $0 |
| 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 | $278,702 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Brooklyn Youth Sports Club Inc has recieved totaling $228,005.
| Awarding Organization | Amount |
|---|---|
Pinkerton Foundation New York, NY PURPOSE: AFTER SCHOOL & SUMMER LEARNING | $70,000 |
Spark Youth Nyc Inc New York, NY PURPOSE: OPERATIONAL SUPPORT | $70,000 |
Jim Jacobs Charitable Foundation Inc Alexandria, VA PURPOSE: GENERAL USE | $45,000 |
The Meringoff Family Foundation Inc New York, NY PURPOSE: SUPPORT OF THE CHARITABLE PURPOSES OF THIS ORGANIZATION | $25,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: PURCHASE OF A TRANSPORTATION VEHICLE. | $15,000 |
Marcy & Leona Chanin Fdn Inc Los Angeles, CA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rising Stars Inc Uniondale, NY | $2,003,624 | $2,371,167 |
Philadelphia Youth Basketball Inc Philadelphia, PA | $5,613,028 | $5,515,236 |
North Pittsburgh Youth Hockey Association Warrendale, PA | $437,392 | $1,288,322 |
Lightning Basketball Inc West Hempstead, NY | $12,742 | $1,304,966 |
Shooting Touch Hyde Park, MA | $603,933 | $1,175,352 |
Amateur Athletic Union Of The United States Meriden, CT | $77,652 | $760,443 |
Coaching For Change Inc Taunton, MA | $1,018,552 | $1,148,634 |
Brooklyn Youth Sports Club Inc Brooklyn, NY | $278,702 | $673,770 |
Renegades Southampton, PA | $191,636 | $540,042 |
Fundamental Hoops Inc North Andover, MA | $33,088 | $499,058 |
Ridgefield Basketball Association Inc Ridgefield, CT | $117,228 | $445,659 |
Mo Motion Inc New York, NY | $100,208 | $419,832 |