Spark lasting social justice change, mobilizing people, capital, & expertise for a fair Brooklyn.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$737K 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

FY2021 · 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 4
filings with a surplus
Average surplus $12.2M a year · 38% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$737K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $70.7M in investments, Pt X · Ln 11–13
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $4.8M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42.8M
Spent
$15.2M
To programs
89%
Net assets
$115.8M
By yearFY2021–FY2024
Revenue
$42.8M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$42.8M
FY2022$36.1M
FY2023$8.7M
FY2024$39.3M
Expenses
$15.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$15.2M
FY2022$15.6M
FY2023$23.1M
FY2024$24.4M
Net assets
$115.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$115.8M
FY2022$114.0M
FY2023$121.7M
FY2024$131.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1999.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $13.5M Management & general 7% · $1.0M Fundraising 4% · $587K

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

59 people listed on the 990; $737K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$210,120Pt VII · Sec A
Chief Operating Officer
$159,865Pt VII · Sec A
Vice President of Programs
$147,008Pt VII · Sec A
Vice President of Communications
$111,194Pt VII · Sec A
Director of Donor Engagement
$109,213Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jocelynne Rainey’s $285K as CEO & President is at the 65th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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

NameFY2024FY2023FY2022FY2021
Jocelynne Rainey$284,712$275,000——
Cecilia Clarke——$123,838$210,120
Sarah Shannon—$186,433$157,965$159,865
Liane Stegmaier$163,981$137,052$104,638$111,194
Marcella Tillett———$147,008
Marcella Tillet——$145,667—
Jennifer Walski—$140,110——
Sabrina Hargrave$128,404$117,039——

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 Community Foundation 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

Mobilizes people, capital, and expertise to fund local social justice initiatives and support substance abuse recovery programs for a fairer Brooklyn.

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Provided by the organization

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4 programs · $14.9M · in their own filed words · FY2020
01

Donor Advised Funds

This program provides customized support, guidance and services to donors who open a donor advised fund with the foundation. In FY21, the foundation issued over $7 million in donor directed grants - over 60% of which went to brooklyn nonprofits.

$6.9Mprogram expense
02

Bk Covid19 Response Fund

In march 2020, the foundation launched an emergency fund in response to the COVID19 pandemic, one of the first in the nation. The fund has since become the largest community-supported emergency response in the foundation's history. In the first phase of the fund, 420 grants were awarded to 246 organizations across our borough.

$3.4Mprogram expense
03

Invest in Youth Grant Portfolio

In FY21, the foundation invested over $2.34 million through a unique set of programs to 55 youth-serving nonprofits from our invest in youth grant program.

$2.3Mprogram expense
04

Donor Advised Funds

This program provides customized support, guidance and services to donors who open a donor advised fund with the foundation. From january to june 2020, the foundation issued over $2.1 million in donor directed grants - 70% of which went to brooklyn nonprofits.

$2.3Mprogram 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
See all 13 funders →
Grants paid · 1,134 grants · $44.7M · 2020–2023
Youth Design Center INCNY · FY2023$100,000
Sure We Can INCNY · FY2023$100,000
Power of TwoNY · FY2023$100,000
Neighbors in Action INCTX · FY2023$100,000
Drive Change INCNY · FY2023$100,000
Family Center INCNY · FY2023$72,500
Ali Forney CenterNY · FY2023$72,500
Housing Plus Solutions INCNY · FY2023$72,500
Global Trauma ResearchNY · FY2023$72,500
After Hours Project INCNY · FY2023$72,500
The Black Institute INCNY · FY2023$70,000
See all 1,134 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$42.8M
Ln 12
Other incomeLn 4–11$35.2M
Gifts and grantsLn 1h$7.4M
Investment incomeLn 3$121K
Money outPt IX
$15.2M
Ln 25
Programscol B$13.5M
Managementcol C$1.0M
Fundraisingcol D$587K
Owns and owesPt X
$115.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$117.9M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
59
listed · VII A
PaidVII A5
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$3.1M
Investment incomeLn 3$121K
Other incomeLn 4–11$35.2M
Total revenueLn 12$42.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$3.5M
Total assetsLn 16$117.9M
LiabilitiesLn 26$1.2M
Net assetsLn 32$115.8M
OperationsPt I, VI
EmployeesI 513
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39.3M$24.4M$14.9M$131.8M 990 PDF
FY2023 $8.7M$23.1M−$14.3M$121.7M 990 PDF
FY2022 $36.1M$15.6M$20.5M$114.0M 990 PDF
FY2021 Viewing $42.8M$15.2M$27.6M$115.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support J · Pay O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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