Bramson Ort Technical Institute FY2021 filing

Tax-deductible

Forest Hills, NY501(c)(3)Since 1979EIN 13-3036302

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To develop and Provide curriculum for teacher training, professional development and continuing education courses and programs. To develop and offer STEM/STEAM programs to underserved schools.

501(c)(3) charity; gifts are tax-deductible.
37¢ of each $1 spent went to programs.
$52K 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
1 of 5
filings with a surplus
Average surplus $521K a year · 35% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
226% of total assets
Concern: liabilities are 226% of assets; over 80%.
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
$81K
-66% vs prior year
Spent
$1.2M
To programs
37%
Net assets
−$3.1M
By yearFY2020–FY2024
Revenue
$81K
FY2021▼ -66%
Revenue by fiscal year
FY2020$239K
FY2021$81K
FY2022$7.0M
FY2023$14K
FY2024$120K
FY2024$17K
Expenses
$1.2M
FY2021▼ -7%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$903K
FY2023$844K
FY2024$570K
FY2024$526K
Net assets
−$3.1M
FY2021▼ -58%
Net assets by fiscal year
FY2020−$1.9M
FY2021−$3.1M
FY2022$3.0M
FY2023$2.2M
FY2024$1.7M
FY2024$660K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1981.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $442K Management & general 63% · $764K

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

11 people listed on the 990; $52K 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
$51,946Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vicde Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
David Kanani$76,137$75,470$76,112$76,112$51,946$134,116

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.

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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 15aNo

Programs and updates

Develops and provides STEM curriculum and teacher training for professional development.

Provided by the organization

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1 program service account for $442K of program spending, described in the organization's own filed words · FY2020.
01

To develop and Provide curriculum for teacher training, professional development and continuing education courses and programs. To develop and offer STEM/STEAM programs to underserved schools.

$442Kprogram expense

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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 · FY2020
Total grants receivedfrom 1 funder$18

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$81K
Ln 12
Gifts and grantsLn 1h$51K
Investment incomeLn 3$16K
Fees for servicesLn 2g$14K
Money outPt IX
$1.2M
Ln 25
Programscol B$442K
Managementcol C$764K
Owns and owesPt X
−$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$2.4M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Government grantsLn 1e$49K
Fees for servicesLn 2g$14K
Investment incomeLn 3$16K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$233K
Cash and savings togetherLn 1–2$233K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$623K
Total assetsLn 16$2.4M
LiabilitiesLn 26$5.5M
Net assetsLn 32−$3.1M
OperationsPt I, VI
EmployeesI 52
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$354K$233K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.7M$2.4M
LiabilitiesLn 26$4.6M$5.5M
Net assetsLn 32−$1.9M−$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$52K
Other salaries and wagesLn 7$163K$48K$115K
Payroll taxesLn 10$49K$28K$22K
Management feesLn 11a$100K$100K
Legal feesLn 11b$219K$219K
Other fees for servicesLn 11g$72K$57K$16K
Office expensesLn 13$9K$9K
Information technologyLn 14$19K$11K$7K
OccupancyLn 16$62K$37K$25K
TravelLn 17$2K$2K
InterestLn 20$274K$165K$110K
Depreciation, depletion and amortizationLn 22$136K$81K$54K
InsuranceLn 23$21K$13K$9K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$1.2M$442K$764K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $120K$570K−$450K$1.7M 990 PDF
FY2023 $14K$844K−$830K$2.2M 990 PDF
FY2022 $7.0M$903K$6.1M$3.0M 990 PDF
FY2021 Viewing $81K$1.2M−$1.1M−$3.1M 990 PDF
FY2020 $239K$1.3M−$1.1M−$1.9M 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 (4 parts)
Part VIII · Statement of revenue $81,327 across 6 lines filed
VIII-1e Government grants$48,900
VIII-1f All other contributions, gifts and grants$2,500
VIII-1h Total contributions, gifts and grants$51,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,606$13,606
VIII-3 Investment incomeRelated to mission $16,321$16,321
VIII-12 Total revenueRelated to mission $29,927 · Unrelated business $0 · Excluded from tax $0$81,327
Part IX · Statement of functional expenses $1,205,643 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $51,946$51,946
IX-7 Other salaries and wagesPrograms $48,495 · Management $114,773$163,268
IX-10 Payroll taxesPrograms $27,553 · Management $21,649$49,202
IX-11a Management feesManagement $100,000$100,000
IX-11b Legal feesManagement $219,478$219,478
IX-11g Other fees for servicesPrograms $56,894 · Management $15,592$72,486
IX-13 Office expensesManagement $8,957$8,957
IX-14 Information technologyPrograms $11,170 · Management $7,447$18,617
IX-16 OccupancyPrograms $37,038 · Management $24,692$61,730
IX-17 TravelPrograms $2,008$2,008
IX-20 InterestPrograms $164,676 · Management $109,784$274,460
IX-22 Depreciation, depletion and amortizationPrograms $81,373 · Management $54,249$135,622
IX-23 InsurancePrograms $12,797 · Management $8,531$21,328
IX-24 Other expenses (24a–d)Management $26,541$26,541
IX-25 Total functional expensesPrograms $442,004 · Management $763,639 · Fundraising $0$1,205,643
Part X · Balance sheet $2,428,099 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $353,884$233,461
X-10c Land, buildings and equipment, netStart of year $1,707,599$1,571,977
X-15 Other assetsStart of year $617,224$622,661
X-16 Total assetsStart of year $2,701,042$2,428,099
X-17 Accounts payable and accrued expensesStart of year $249,856$205,561
X-25 Other liabilitiesStart of year $1,105,059$2,000,727
X-26 Total liabilitiesStart of year $4,645,556$5,496,929
X-27 Net assets without donor restrictionsStart of year −$2,494,001−$3,618,317
X-28 Net assets with donor restrictionsStart of year $549,487$549,487
X-32 Total net assets or fund balancesStart of year −$1,944,514−$3,068,830
X-33 Total liabilities and net assetsStart of year $2,701,042$2,428,099
Part XI · Reconciliation of net assets −$3,068,830 net assets at year end
XI-1 Total revenue$81,327
XI-2 Total expenses$1,205,643
XI-3 Revenue less expenses−$1,124,316
XI-4 Net assets at start of year−$1,944,514
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,068,830

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

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