Brooklyn Alliance INC

Tax-deductible

Brooklyn, NY501(c)(3)Since 1968Community DevelopmentEIN 11-2145956Revenue $6.3M in FY2024

On file with the IRSbrooklynchamber.com253 36th St Unit 4 # C58, 11232-2415 · Brooklyn, NYTax-exempt since Mar 1968Publicly supported charity — 170(b)(1)(A)(vi)

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Brooklyn Alliance INC. Is a charitable organization that helps promote and monitor community and economic development projects and works towards imporving the quality of life throughout the borough of Brooklyn new york.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $9K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 16% of spending
Top officer’s pay higher than 72% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.4M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+2% vs prior year
Spent
$6.5M
To programs
76%
Net assets
$313K
By yearFY2020–FY2024
Revenue
$6.3M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$3.5M
FY2022$5.9M
FY2023$6.2M
FY2024$6.3M
Expenses
$6.5M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$3.3M
FY2022$6.2M
FY2023$6.2M
FY2024$6.5M
Net assets
$313K
FY2024▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$540K
FY2021$775K
FY2022$445K
FY2023$459K
FY2024$313K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $4.9M Management & general 15% · $980K Fundraising 9% · $582K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$219,212Pt VII · Sec A
EVP & General Counsel
$167,900Pt VII · Sec A
$144,660Pt VII · Sec A
VP of Small Business Suppo
$140,603Pt VII · Sec A
VP of Economic Development
$136,539Pt VII · Sec A
VP of External Affairs & Gov't Relations
$116,067Pt VII · Sec A
$89,713Pt VII · Sec A
$0Pt VII · Sec A

Randolph Peers’s $219K as President & CEO is at the 72nd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Randolph Peers$219,212$188,712$128,164$12,500—
Kathie Lee$167,900$185,324———
Chandraban Motilall$144,660$126,964$117,304$110,135$108,536
Mark Caserta$140,603$137,903———
Dina Rabiner$136,539$126,281———
Lori Raphael———$121,472$111,835
Camille Hastick$116,067————
Randy Peers————$110,302

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Brooklyn Alliance INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes economic development and improves quality of life in Brooklyn by supporting small businesses with loans, classes, and community resources.

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Provided by the organization

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3 programs · $4.3M · in their own filed words · FY2024
01

Community/Economic Development

Through a combination of organization funds, corporate contributions and government grants, the organization maintains various community programs to improve brooklyn's quality-of-life & stimulate its economy.

$2.9Mprogram expense
02

Brooklyn Made Store

The mission of the store is to identify and promote designers, makers, entrepreneurs, mostly from communities of color, who embody essence of what it means to be brooklyn, as represented through their unique products.

$765Kprogram expense
03

Business Solution Center

An initiative of nyc department of small business services (DSBS) to promote development and economic well-being of growing businesses by answering questions, offering classes, and assisting with obtaining loans and leveraging goverment and community resources.

$596Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$100K
Grants paid · 25 grants · $180K · 2023–2024
Steph's Cake ShopFY2024$5,000
King of Kings BarberFY2024$5,000
Palatial PublishingFY2024$3,000
Chef Kelseay DukeFY2024$2,000
Common GoodFY2024$2,000
Stuart Cinema & CafFY2024$2,000
Margaret's BeautyFY2024$2,000
The Dog RanchFY2024$2,000
Cobblestone CandiesFY2024$1,500
Unitemized GrantFY2023$86,000
Kente Cones LLCFY2023$15,000
Bobbi Rose LLCFY2023$7,500
Citywide Design CorpFY2023$5,000
Staubitz Meat MarketFY2023$5,000
Fafa's KitchenFY2023$5,000
Lakou Brands LLCFY2023$5,000
Bonafide Opticians of Avenue L INCFY2023$5,000
See all 25 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$5.8M
Other incomeLn 4–11$500K
Money outPt IX
$6.5M
Ln 25
Programscol B$4.9M
Managementcol C$980K
Fundraisingcol D$582K
Owns and owesPt X
$313K
net assets · Ln 32
Cash and savingsLn 1–2$400K
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
24
listed · VII A
PaidVII A7
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Government grantsLn 1e$4.9M
Fundraising eventsLn 1c$331K
Other incomeLn 4–11$500K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$400K
Cash and savings togetherLn 1–2$400K
Land, buildings, equipmentLn 10c$47K
Other assetsLn 15$2.4M
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.4M
Net assetsLn 32$313K
OperationsPt I, VI
EmployeesI 527
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$237K$400K
Land, buildings, equipmentLn 10c$56K$47K
Total assetsLn 16$4.9M$6.7M
LiabilitiesLn 26$4.4M$6.4M
Net assetsLn 32$459K$313K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Grants to domestic individualsLn 2$711$711
Pay of current officers, directors and key staffLn 5$382K$122K$196K$63K
Other salaries and wagesLn 7$2.5M$1.9M$221K$342K
Other employee benefitsLn 9$280K$211K$30K$40K
Payroll taxesLn 10$241K$173K$34K$34K
Legal feesLn 11b$27K$126$27K
Accounting feesLn 11c$54K$22K$32K
Other fees for servicesLn 11g$1.5M$1.3M$143K
Advertising and promotionLn 12$116K$99K$18K
Office expensesLn 13$183K$158K$25K
Information technologyLn 14$38K$27K$5K$5K
OccupancyLn 16$535K$385K$76K$75K
TravelLn 17$19K$17K$2K
Conferences, conventions and meetingsLn 19$265K$257K$712$7K
InterestLn 20$46K$46K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$102K$73K$14K$14K
Other expenses (24a–d)Ln 24$140K$51K$88K$1K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$6.5M$4.9M$980K$582K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.3M$6.5M−$146K$313K 990 PDF
FY2023 $6.2M$6.2M$13K$459K 990 PDF
FY2022 $5.9M$6.2M−$329K$445K 990 PDF
FY2021 $3.5M$3.3M$234K$775K 990 PDF
FY2020 $2.8M$2.6M$182K$540K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $6,306,209 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,039,996$5,806,408
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $160,491$499,801
I-12 Total revenuePrior year $6,200,487$6,306,209
I-13 Grants and similar amounts paidPrior year $151,000$30,211
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,295,534$3,410,840
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,740,724$3,011,289
I-18 Total expensesPrior year $6,187,258$6,452,340
I-19 Revenue less expensesPrior year $13,229−$146,131
Part VI · Governance 17 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,306,209 across 7 lines filed
Lines not itemized here account for $477,879 of total revenue; see the IRS return.
VIII-1c Fundraising events$331,406
VIII-1e Government grants$4,925,952
VIII-1f All other contributions, gifts and grants$549,050
VIII-1h Total contributions, gifts and grants$5,806,408
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $21,922$21,922
VIII-12 Total revenueRelated to mission $477,879 · Unrelated business $0 · Excluded from tax $21,922$6,306,209
Part IX · Statement of functional expenses $6,452,340 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $29,500$29,500
IX-2 Grants to domestic individualsPrograms $711$711
IX-5 Pay of current officers, directors and key staffPrograms $122,252 · Management $196,359 · Fundraising $63,390$382,001
IX-7 Other salaries and wagesPrograms $1,944,831 · Management $221,304 · Fundraising $341,717$2,507,852
IX-9 Other employee benefitsPrograms $210,582 · Management $29,902 · Fundraising $39,890$280,374
IX-10 Payroll taxesPrograms $172,869 · Management $33,969 · Fundraising $33,775$240,613
IX-11b Legal feesPrograms $126 · Management $26,611$26,737
IX-11c Accounting feesPrograms $22,371 · Management $31,629$54,000
IX-11g Other fees for servicesPrograms $1,321,070 · Management $142,989$1,464,059
IX-12 Advertising and promotionPrograms $98,690 · Management $17,718$116,408
IX-13 Office expensesPrograms $157,510 · Management $25,172$182,682
IX-14 Information technologyPrograms $27,388 · Management $5,381 · Fundraising $5,350$38,119
IX-16 OccupancyPrograms $384,732 · Management $75,599 · Fundraising $75,167$535,498
IX-17 TravelPrograms $17,277 · Management $1,927$19,204
IX-19 Conferences, conventions and meetingsPrograms $256,665 · Management $712 · Fundraising $7,390$264,767
IX-20 InterestManagement $46,104$46,104
IX-22 Depreciation, depletion and amortizationManagement $19,605$19,605
IX-23 InsurancePrograms $73,009 · Management $14,347 · Fundraising $14,264$101,620
IX-24 Other expenses (24a–d)Programs $50,963 · Management $88,001 · Fundraising $1,036$140,000
IX-24e All other expensesManagement $2,486$2,486
IX-25 Total functional expensesPrograms $4,890,546 · Management $979,815 · Fundraising $581,979$6,452,340
Part X · Balance sheet $6,748,477 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $237,425$399,671
X-3 Pledges and grants receivableStart of year $1,815,961$3,738,442
X-8 Inventories for sale or useStart of year $93,469$143,960
X-9 Prepaid expenses and deferred chargesStart of year $32,048$2,865
X-10c Land, buildings and equipment, netStart of year $55,860$46,533
X-15 Other assetsStart of year $2,670,515$2,417,006
X-16 Total assetsStart of year $4,905,278$6,748,477
X-17 Accounts payable and accrued expensesStart of year $487,832$454,954
X-18 Grants payableStart of year $52,822$52,822
X-24 Unsecured notes and loans payableStart of year $224,817$1,727,885
X-25 Other liabilitiesStart of year $3,681,095$4,200,235
X-26 Total liabilitiesStart of year $4,446,566$6,435,896
X-27 Net assets without donor restrictionsStart of year $358,712$84,743
X-28 Net assets with donor restrictionsStart of year $100,000$227,838
X-32 Total net assets or fund balancesStart of year $458,712$312,581
X-33 Total liabilities and net assetsStart of year $4,905,278$6,748,477
Part XI · Reconciliation of net assets $312,581 net assets at year end
XI-1 Total revenue$6,306,209
XI-2 Total expenses$6,452,340
XI-3 Revenue less expenses−$146,131
XI-4 Net assets at start of year$458,712
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$312,581

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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