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Brooklyn Community Development

Tax-deductible

Brooklyn, IA501(c)(3)Community Development EIN 83-1997974Revenue $397K in FY2022

On file with the IRSbrooklynoperahouse.comPo Box 328, 52211-0328 · Brooklyn, IATax-exempt since Jul 2019Publicly supported — 509(a)(2)

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Rehabilitation and operation of Community opera house, theater and michael j manatt Community center including event venue management and Development / presentation of adult / child artistic programming.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 15 volunteers and 33 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $428K a year · 69% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Plus $2.7M in investments, Pt X · Ln 11–13
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$284K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
+35% vs prior year
Spent
$273K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2022
Revenue
$397K
FY2022▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$294K
FY2022$397K
Expenses
$273K
FY2022▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$130K
FY2021$188K
FY2022$273K
Net assets
$2.7M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.6M
FY2022$2.7M

From the FY2022 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jul 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $273K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Brian L Manatt
President/Director
$0Pt VII · Sec A
Laura Manatt
VP/Director
$0Pt VII · Sec A
Vickie McDonald
Secretary/Directoe
$0Pt VII · Sec A
Tim Douglas
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brooklyn Community Development 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates and rehabilitates a community opera house and theater, offering artistic programs and event venue management.

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Provided by the organization

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1 program · $273K · in their own filed words · FY2022
01

Venue management and operatio of community opera house, theater and Michael J. Manatt Community Center. Programming offered at the community center and opera house includes: movies, speakers, business meetings, family gatherings, concerts, educational programming and communtiy theater.

$273Kprogram 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
Greater Poweshiek Community FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$397K
Ln 12
Fees for servicesLn 2g$238K
Gifts and grantsLn 1h$121K
Other incomeLn 4–11$38K
Money outPt IX
$273K
Ln 25
Programscol B$273K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$3.0M
LiabilitiesLn 26$284K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$238K
Investment incomeLn 3$301
Other incomeLn 4–11$38K
Total revenueLn 12$397K
Assets in detailPt X, end of year
SavingsLn 2$276K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$2.7M
Total assetsLn 16$3.0M
LiabilitiesLn 26$284K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 533
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$129K$276K
InvestmentsLn 11–13$2.4M$2.7M
Total assetsLn 16$2.6M$3.0M
LiabilitiesLn 26$825$284K
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$31K$0$0
Payroll taxesLn 10$1K$1K$0$0
Accounting feesLn 11c$15K$15K$0$0
Advertising and promotionLn 12$14K$14K$0$0
Office expensesLn 13$824$824$0$0
OccupancyLn 16$43K$43K$0$0
InsuranceLn 23$36K$36K$0$0
Other expenses (24a–d)Ln 24$131K$131K$0$0
Total functional expensesLn 25$273K$273K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $397K$273K$125K$2.7M 990 PDF
FY2021 $294K$188K$107K$2.6M 990 PDF
FY2020 $1.2M$130K$1.1M$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $397,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,014$120,633
I-9 Program service revenuePrior year $201,051$238,411
I-10 Investment incomePrior year $180$301
I-11 Other revenuePrior year −$51,940$37,930
I-12 Total revenuePrior year $294,305$397,275
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,290$32,762
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $149,382$239,751
I-18 Total expensesPrior year $187,672$272,513
I-19 Revenue less expensesPrior year $106,633$124,762
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $397,275 across 7 lines filed
VIII-1c Fundraising events$8,590
VIII-1f All other contributions, gifts and grants$112,043
VIII-1h Total contributions, gifts and grants$120,633
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$238,411
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $301$301
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $37,930$37,930
VIII-12 Total revenueRelated to mission $238,411 · Unrelated business $0 · Excluded from tax $38,231$397,275
Part IX · Statement of functional expenses $272,513 across 8 lines filed
IX-7 Other salaries and wagesPrograms $31,473 · Management $0 · Fundraising $0$31,473
IX-10 Payroll taxesPrograms $1,289 · Management $0 · Fundraising $0$1,289
IX-11c Accounting feesPrograms $14,925 · Management $0 · Fundraising $0$14,925
IX-12 Advertising and promotionPrograms $14,432 · Management $0 · Fundraising $0$14,432
IX-13 Office expensesPrograms $824 · Management $0 · Fundraising $0$824
IX-16 OccupancyPrograms $42,903 · Management $0 · Fundraising $0$42,903
IX-23 InsurancePrograms $35,823 · Management $0 · Fundraising $0$35,823
IX-24 Other expenses (24a–d)Programs $130,844 · Management $0 · Fundraising $0$130,844
IX-25 Total functional expensesPrograms $272,513 · Management $0 · Fundraising $0$272,513
Part X · Balance sheet $2,981,175 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $129,442$275,549
X-3 Pledges and grants receivable$33,500
X-4 Accounts receivable$9,185
X-13 Program-related investmentsStart of year $2,444,141$2,662,941
X-16 Total assetsStart of year $2,573,583$2,981,175
X-24 Unsecured notes and loans payable$283,654
X-26 Total liabilitiesStart of year $825$283,654
X-27 Net assets without donor restrictionsStart of year $2,572,758$2,697,521
X-32 Total net assets or fund balancesStart of year $2,572,758$2,697,521
X-33 Total liabilities and net assetsStart of year $2,573,583$2,981,175
Part XI · Reconciliation of net assets $2,697,521 net assets at year end
XI-1 Total revenue$397,275
XI-2 Total expenses$272,513
XI-3 Revenue less expenses$124,762
XI-4 Net assets at start of year$2,572,758
XI-10 Net assets at end of year$2,697,521

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

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