Bronx Venture Corp FY2021 filing

Tax-deductible

Bronx, NY501(c)(3)Since 1971Community DevelopmentEIN 13-2685844Revenue $88K in FY2021

On file with the IRS2804 Third Avenue, 10455-4000 · Bronx, NYTax-exempt since Apr 1972Publicly supported charity — 170(b)(1)(A)(vi)

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The agency achieved an economic development program to provide jobs in the South Bronx, NY

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $103K a year · 97% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
Spent
$171K
To programs
98%
Net assets
$67K
By yearFY2021–FY2025
Revenue
$88K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$88K
FY2022$124K
FY2023$72K
FY2024$57K
FY2025$191K
Expenses
$171K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$171K
FY2022$156K
FY2023$176K
FY2024$250K
FY2025$294K
Net assets
$67K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$67K
FY2022$34K
FY2023−$70K
FY2024−$263K
FY2025−$365K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1972.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $168K Management & general 2% · $3K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairperson
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bronx Venture Corp 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

Creates jobs through economic development programs in the South Bronx.

Questions for Bronx Venture Corp

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Provided by the organization

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1 program · $168K · in their own filed words · FY2020
01

Expenses relate to maintaining the building.

$168Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Fees for servicesLn 2g$88K
Investment incomeLn 3$7
Money outPt IX
$171K
Ln 25
Programscol B$168K
Managementcol C$3K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$95K
LiabilitiesLn 26$29K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$88K
Investment incomeLn 3$7
Total revenueLn 12$88K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$95K
LiabilitiesLn 26$29K
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$109K$82K
Land, buildings, equipmentLn 10c$12K$9K
Total assetsLn 16$197K$95K
LiabilitiesLn 26$48K$29K
Net assetsLn 32$150K$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$136K$136K
All other expensesLn 24e$0
Total functional expensesLn 25$171K$168K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $191K$294K−$102K−$365K 990 PDF
FY2024 $57K$250K−$193K−$263K 990 PDF
FY2023 $72K$176K−$104K−$70K 990 PDF
FY2022 $124K$156K−$33K$34K 990 PDF
FY2021 Viewing $88K$171K−$83K$67K 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 FY2021 990 (6 parts)
Part I · Summary $88,312 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $214,798$88,305
I-10 Investment incomePrior year $9$7
I-11 Other revenue$0
I-12 Total revenuePrior year $214,807$88,312
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $231,481$171,010
I-18 Total expensesPrior year $231,481$171,010
I-19 Revenue less expensesPrior year −$16,674−$82,698
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $88,312 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $88,305$88,305
VIII-3 Investment incomeRelated to mission $7$7
VIII-12 Total revenueRelated to mission $88,312$88,312
Part IX · Statement of functional expenses $171,010 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,000$3,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,854$2,854
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,895$2,895
IX-23 InsurancePrograms $26,612$26,612
IX-24 Other expenses (24a–d)Programs $135,649$135,649
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $168,010 · Management $3,000 · Fundraising $0$171,010
Part X · Balance sheet $95,360 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $109,276$82,175
X-4 Accounts receivableStart of year $67,148$4,500
X-10c Land, buildings and equipment, netStart of year $11,580$8,685
X-16 Total assetsStart of year $197,254$95,360
X-17 Accounts payable and accrued expensesStart of year $47,716$28,520
X-26 Total liabilitiesStart of year $47,716$28,520
X-27 Net assets without donor restrictionsStart of year $149,538$66,840
X-32 Total net assets or fund balancesStart of year $149,538$66,840
X-33 Total liabilities and net assetsStart of year $197,254$95,360
Part XI · Reconciliation of net assets $66,840 net assets at year end
XI-1 Total revenue$88,312
XI-2 Total expenses$171,010
XI-3 Revenue less expenses−$82,698
XI-4 Net assets at start of year$149,538
XI-10 Net assets at end of year$66,840

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

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