Institute For Community Equity And Sharing Inc
- Assets
- $117.8k
- Revenue
- $225.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/2018
- Data as of
- 06/2022
- EIN
- 83-0909234
Organization Overview
Institute For Community Equity And Sharing Inc is located in Brooklyn, NY. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Community Equity And Sharing 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, Institute For Community Equity And Sharing Inc generated $225.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $185.9k during the year ending 06/2022. 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
THE ORGANIZATIONS MISSION IS TO REDUCE INEQUALITY AND DISMANTLE COMMUNITY DIVISIONS IN FORT GREENE AND CLINTON HILL, BROOKLYN. IT ACCOMPLISHES THIS BY 1)PROMOTING THE BROADEST DISTRIBUTION OF RESOURCES IN OUR COMMUNITY, 2) PROMOTING THE ARTICULATION OF NEEDS BY REPRESENTATIVES OF THE UNDERSERVED PARTS OF THE COMMUNITY AND 3) PROMOTING THE TALENTS AND VOICES OF ALL THE COMMUNITY SO THAT THE DIVERSITY OF OUR EXPERIENCES IS WELL UNDERSTOOD AND APPRECIATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIKE PATH: TRAINING HARD TO EMPLOY PEOPLE, MOSTLY FORMERLY INCARCERATED, TO BE BIKE MECHANICS HIRED BY THE CITI-BIKE PROGRAM. OVER SIXTY MECHANICS ARE TRAINED EACH YEAR.
FOOD DISTRIBUTION: THE ORGANIZATION RECEIVES FOOD AND GROCERY DONATIONS IN SUPPORT OF ITS FRESH PANTRIES PROGRAM. FRESH PRODUCE, REFRIGERATED AND FROZEN FOODS AND GROCERIES ARE DISTRIBUTED TO THE COMMUNTIY AT FRESH PANTRY LOCATIONS WITHIN THE COMMUNITY PUBLIC HOUSING.
CORONA VIRUS RELIEF: PROVIDING FOOD AND PPE TO SENIORS AND OTHER VULNERABLE PEOPLE, PRIMARILY IN PUBLIC HOUSING, WHO DO NOT HAVE A SAFE WAY TO GET FOOD WHILE SHELTERING AT HOME. DELIVER FOOD TO MORE THEN 1,600 HOUSEHOLDS WEEKLY. A LEADER OF A TEAM WITH OVER 30 PARTNER ORGANIZATIONS WHICH FIELDS OVER 60 VOLUNTEERS AND WORKERS WEEKLY.
SHARING NETWORK: THE ISSUE OF SOCIAL ISOLATION IN HOMEBOUND SENIORS, PARTICULARILY OLDER PEOPLE OF COLOR IN PUBLIC HOUSING, IS ADDRESSED BY ESTABLISHING SOCIAL GROUPS AVERAGING LESS THEN TEN MEMBERS, USING TELEPHONE CONFERENCING TO CONNECT AND COMMUNICATE. THE EMPHASIS FOR THESE GROUPS IS TO FACILITATE CONNECTION FOR THOSE LACKING SOCIAL INTERACTION, TO ENJOY INTELLIGENT AND FRIENDLY EXCHANGES AND TO IMPROVE THEIR SENSE OF WELLBEING AND COMMUNITY.
SHARING NETWORK: THE ISSUE OF SOCIAL ISOLATION IN HOMEBOUND SENIORS, PARTICULARILY OLDER PEOPLE OF COLOR IN PUBLIC HOUSING, IS ADDRESSED BY ESTABLISHING SOCIAL GROUPS AVERAGING LESS THEN TEN MEMBERS, USING TELEPHONE CONFERENCING TO CONNECT AND COMMUNICATE. THE EMPHASIS FOR THESE GROUPS IS TO FACILITATE CONNECTION FOR THOSE LACKING CONTACT WITH THE WORLD TO ENJOY INTELLIGENT AND FRIENDLY EXCHANGES AND TO IMPROVE THEIR SENSE OF WELLBEING AND COMMUNITY.
BIKE PATH: TRAINING HARD TO EMPLOY PEOPLE, MOSTLY FORMERLY INCARCERATED, TO BE BIKE MECHANICS HIRED BY THE CITI-BIKE PROGRAM. ABOUT SIXTY MECHANICS ARE TRAINED EACH YEAR.
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 |
|---|---|---|---|
Jed Marcus President | OfficerTrustee | 10 | $0 |
Jordan Thomas Vice President | OfficerTrustee | 2 | $0 |
Thabani Dublin Treasurer | OfficerTrustee | 2 | $0 |
Amy Mayer Secretary | OfficerTrustee | 2 | $0 |
Jed Marcus President | OfficerTrustee | 40 | $0 |
Jordan Thomas Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,000 |
| 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 | $225,000 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $185,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,000 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,774 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,000 |
| Net assets without donor restrictions | $81,774 |
| 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 |
| Total liabilities and net assets/fund balances | $81,774 |