Alliance For Coney Island Inc
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 01/2013
- Data as of
- 06/2022
- EIN
- 46-0802042
Organization Overview
Alliance For Coney Island Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Alliance For Coney Island Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Coney Island 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, Alliance For Coney Island Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 6.5% 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 ESTABLISH INITIATIVES AND PROGRAMS THAT ARE CRITICAL TO SUSTAINING CONEY ISLAND AS A BUSTLING REGIONAL ATTRACTION AND THRIVING YEAR-ROUND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT PROGRAM - CONSISTS OF DIVERSE ACTIVITIES INCLUDING, BUT NOT LIMITED TO, FOSTERING ECONOMIC ACTIVITY AND EMPLOYMENT OPPORTUNITIES; IMPROVING QUALITY OF LIFE FOR RESIDENTS AND VISITORS; CARRYING OUT RESEARCH FOR THE BENEFIT OF THE COMMUNITY; AND DEVELOPING AND RETAINING NEW AND EXISTING INDUSTRY AND COMMERCE.
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 |
|---|---|---|---|
Steve Cohen Chair | OfficerTrustee | 7 | $0 |
Alessandro Zamperla Vice-Chair | OfficerTrustee | 7 | $0 |
Bruce Miller Treasurer | OfficerTrustee | 7 | $0 |
Nino Russo Secretary | OfficerTrustee | 7 | $0 |
Craig Piper Director | Trustee | 7 | $0 |
Dennis Vourderis Director | Trustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aal Construction Services Llc Construction | 6/29/22 | $232,689 |
Garden State Fireworks Inc Fireworks | 6/29/22 | $143,571 |
Streetplus Company Llc Sanitation | 6/29/22 | $123,976 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,590,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,590,764 |
| Total Program Service Revenue | $191,095 |
| Investment income | $115 |
| 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 | $1,781,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,431 |
| 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. | $105,225 |
| Compensation of current officers, directors, key employees. | $44,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,338 |
| Pension plan accruals and contributions | $1,702 |
| Other employee benefits | $8,854 |
| Payroll taxes | $25,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,770 |
| Advertising and promotion | $115,865 |
| Office expenses | $22,988 |
| Information technology | $7,262 |
| Royalties | $0 |
| Occupancy | $41,465 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,653 |
| All other expenses | $2,524 |
| Total functional expenses | $1,394,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $796,499 |
| Accounts receivable, net | $95,521 |
| 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 | $31,070 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,081,351 |
| Accounts payable and accrued expenses | $285,761 |
| 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 | $0 |
| Total liabilities | $285,761 |
| Net assets without donor restrictions | $795,590 |
| 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 | $1,081,351 |
Grants Awarded
Over the last fiscal year, Alliance For Coney Island Inc has awarded $31,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONEY ISLAND USA PURPOSE: GENERAL SUPPORT | $11,500 |
WILDLIFE CONSERVATION SOCIETY PURPOSE: GENERAL SUPPORT | $20,000 |