Brooklyn Rail INC FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Arts & CultureEIN 11-3562004Revenue $2.1M in FY2022

On file with the IRS253 36th Street Ste C304, 11232-2546 · Brooklyn, NYTax-exempt since Jan 2001Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Brooklyn Rail INC. Is to provide an independent forum for arts, culture, and politics through out new york city and far beyond. Its journal, in addition to featuring local reporting, criticism of music,dance, film, theater, original fiction and poetry, covers contemporary visual art in particular depth. In order to democratize its arts coverage, the critics page functions with a rotating editorship. The Rail further fulfills its mission by curating art exhitbitions, panel discussions, reading series, and film screenings that relect the complexity and inventiveness of the city's artistic and cultural landscape.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$126K 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

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $557K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
25
named funders · $645K
Looks good: 25 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$327K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-20% vs prior year
Spent
$1.9M
To programs
64%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$2.1M
FY2022▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$980K
FY2021$2.7M
FY2022$2.1M
FY2023$1.9M
FY2024$2.8M
Expenses
$1.9M
FY2022▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2020$947K
FY2021$1.1M
FY2022$1.9M
FY2023$2.0M
FY2024$1.8M
Net assets
$2.1M
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$250K
FY2021$1.8M
FY2022$2.1M
FY2023$2.1M
FY2024$3.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Jan 2001.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $1.2M Management & general 33% · $632K Fundraising 3% · $57K

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

20 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$62,939Pt VII · Sec A
President
$62,939Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Phong Bui’s $75K as President is at the 14th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Phong Bui$74,843$74,894$62,939$48,096$46,190
Sophia Pedlow————$50,962
Nick Bennett————$38,638

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 Rail 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

Offers a forum for arts, culture, and politics through publications, exhibitions, and events.

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Provided by the organization

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2 programs · $2.5M · in their own filed words · FY2022
01

Printing and publishing the journal (currently published 10 times annually), the journal, in addition to featuring local reporting, criticism of music, dance, film, theater, original fiction and poetry, covers contemporary visual art in particular depth.

$1.2Mprogram expense
02

Printing and publishing the journal (currently published 10 times annually), the journal, in addition to featuring local reporting, criticism of music, dance, film, theater, original fiction and poetry, covers contemporary visual art in particular depth.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 25 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$448K
Investment incomeLn 3$308
Money outPt IX
$1.9M
Ln 25
Programscol B$1.2M
Managementcol C$632K
Fundraisingcol D$57K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$2.4M
LiabilitiesLn 26$327K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$448K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$308
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$512K
Total assetsLn 16$2.4M
LiabilitiesLn 26$327K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 513
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.8M$1.8M$976K$3.0M 990 PDF
FY2023 $1.9M$2.0M−$29K$2.1M 990 PDF
FY2022 Viewing $2.1M$1.9M$213K$2.1M 990 PDF
FY2021 $2.7M$1.1M$1.6M$1.8M 990 PDF
FY2020 $980K$947K$33K$250K 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 FY2022 990 (1 part)
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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