Brooklyn Boatworks Inc
- Assets
- $344.3k
- Revenue
- $627.9k
- Investments
- $0.0
- Employees
- 29
- Location
- Brooklyn, NY
- Founding
- 12/2010
- Data as of
- 06/2022
- EIN
- 27-1509754
Organization Overview
Brooklyn Boatworks Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Brooklyn Boatworks Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Boatworks 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 06/2022, Brooklyn Boatworks Inc generated $627.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $654.2k during the year ending 06/2022. While expenses have increased by 18.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT POSITIVE YOUTH DEVELOPMENT AND BUILD LEADERSHIP SKILLS THROUGH TEACHING THE CRAFT OF TRADITIONAL WOODEN BOAT BUILDING, SAILING, AND RESPECT FOR THE URBAN DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKLYN BOATWORKS OVERSAW 12 BOATS IN NINE SCHOOLS, WORKING WITH A TOTAL OF 133 NEW YORK CITY SCHOOL STUDENTS SPANNING 5TH THROUGH 10TH GRADES. OVER THE COURSE OF THE SCHOOL YEAR EACH CLASS OF STUDENTS WORKED TOGETHER TO BUILD A 7'6" OPTIMIST PRAM SAILBOAT USING WOOD AND SIMPLE HAND TOOLS. STUDENTS LEARNED BASIC CONSTRUCTION AND TOOL SKILLS, APPLIED MEASUREMENT AND ESTIMATION, LOCAL WATERWAY GEOGRAPHY, NAUTICAL CHART READING, BUOYANCY, AND THE PHYSICS OF SAILING. BROOKLYN BOATWORKS EMPHASIZES COOPERATION, PERSEVERANCE, CRAFTSMANSHIP, AND THE BENEFITS OF LEARNING BY DOING. BROOKLYN BOATWORKS ALSO WORKED WITH PARTNER ORGANIZATIONS AND A GROUP OF TWENTY MIDDLE SCHOOL GIRLS TO BUILD THE FIRST-EVER BROOKLYN OYSTER DORY, A 14' TECHNICALLY COMPLEX WOODEN BOAT. AT THE END OF THE SCHOOL YEAR, STUDENTS CELEBRATED THEIR ACCOMPLISHMENTS IN A JOYOUS GRADUATION CEREMONY. MARITIME-CENTERED EDUCATION, HANDS-ON LEARNING, STEM SKILLS, AND HEALTHY SOCIAL-EMOTIONAL DEVELOPMENT REMAINED FRONT AND CENTER AS STUDENTS CONDUCTED GROUP EXPERIMENTS FROM HOME, JOINED TEAM BUILDING ACTIVITIES, AND PARTICIPATED IN A VARIETY OF REMOTE FIELD TRIPS. OUR STAFF CONDUCTED RESOURCE CALLS TO ALL STUDENTS AND ALUMNI, WITH A VARIETY OF EMERGENCY RESOURCES AND BKBW UPDATES. BKBW ALSO BEGAN PRODUCING A PODCAST FEATURING BROOKLYN BOATWORKS STUDENTS AND THEIR STORIES OF CHALLENGE AND RESILIENCE. WE ALSO CREATED AND PUBLISHED OVER 20 FREE AND ACCESSIBLE STEM VIDEOS ON OUR YOUTUBE CHANNEL AND HELD VIRTUAL FIELD TRIPS ON INSTAGRAM LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie R Schulman Executive Director | Officer | 40 | $95,817 |
Joyce Goodman Chair | OfficerTrustee | 1 | $0 |
Navin Jhamna Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Potter Secretary | OfficerTrustee | 1 | $0 |
Erin Shakespeare Director | Trustee | 1 | $0 |
Peter Guy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,089 |
| Related organizations | $0 |
| Government grants | $86,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,340 |
| Total Program Service Revenue | $106,181 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$34,658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,896 |
| 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. | $123,138 |
| Compensation of current officers, directors, key employees. | $18,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,416 |
| Payroll taxes | $35,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,195 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,780 |
| Advertising and promotion | $2,889 |
| Office expenses | $27,792 |
| Information technology | $8,206 |
| Royalties | $0 |
| Occupancy | $21,772 |
| Travel | $7,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,331 |
| All other expenses | $3,500 |
| Total functional expenses | $654,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,521 |
| Savings and temporary cash investments | $137,384 |
| Pledges and grants receivable | $113,000 |
| Accounts receivable, net | $21,440 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,994 |
| Total assets | $344,339 |
| Accounts payable and accrued expenses | $20,771 |
| Grants payable | $0 |
| Deferred revenue | $5,600 |
| 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 | $25,000 |
| Total liabilities | $51,371 |
| Net assets without donor restrictions | $260,968 |
| Net assets with donor restrictions | $32,000 |
| 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 | $344,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Boatworks Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
De La Cour Family Foundation Glen Cove, NY PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET | $2,500 |
Peer Organizations
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|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |