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Brooklyn Community Foundation

Also known as Brooklyn Org

Brooklyn, NY · EIN 11-3422729 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2024 (tax year 2023) · View the filing · Correct or respond

Brooklyn Community Foundation reported $39.3 million in revenue and $24.4 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $83.59 went to program services, $13.63 to management and general costs and $2.78 to fundraising. Its largest source of revenue was contributions and grants: 82.4% of the total. The highest compensation it reported for one person was $308,046 (CEO & PRESIDENT). 3 people received more than $100,000 in reportable compensation. Revenue rose 418% between 2019 and FY2024. Source: Form 990, FY2024.

Where $100 of spending went

The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $24M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2024 · Form 990, Part VIII · total revenue $39M

The 990 scorecard · same measures for every charity, no grades

FY2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2024Median
Program services
Part IX 25(B) ÷ 25(A)
83.6%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
13.6%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.8%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
82.4%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$308,046$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.26%1.56%
People paid over $100,000
Part VII, line 2
33
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
68.756.6
Independent voting board members
Part VI 1a–1b
27 of 27100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2024 · Form 990, Part III · the three largest programs by expense
$14M expenses · 71.0% of program spending · grants $14M

Donor advised funds: this program provides customized support, guidance and services to donors who open a donor advised fund with the foundation. In FY24, the foundation issued over $14 million in donor directed grants - over 60% of which went to brooklyn nonprofits

$2.2M expenses · 10.6% of program spending · grants $1.9M

Invest in youth grant portfolio:in FY24, the foundation invested $1,890,000 through a unique set of programs to 43 youth-serving nonprofits from our invest in youth grant program focused on building youth leadership and supporting immigrant and justice-involved youth

$857K expenses · 4.2% of program spending · grants $745K

Wellness and recovery fund:brooklyn org established the wellness and recovery fund from charitable assets that remained after the office of the attorney general (oag) dissolved canarsie a.w.a.r.e., inc. For its participation in a scheme that exploited some of new york's most vulnerable residents and defrauded medicaid. The $2.2 million fund supports organizations working to ensure that those who navigate the difficult road of substance abuse and addiction do so with reliable support that honors their agency and dignity. In FY24, the foundation distributed x to 10 local organizations

$2.9M all other programs (line 4d)

Highest reported compensation

FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO & PRESIDENT
Officer, 35.00 hrs/week
$284,712$0$23,334$308,046
CHIEF OF STAFF, VP OF COMMUNICATIONS
Highest compensated employee, 35.00 hrs/week
$163,981$0$40,469$204,450
PROGRAM OFFICER/DIRECTOR OF PROGRAMS
Highest compensated employee, 35.00 hrs/week
$128,404$0$37,661$166,065

3 people received more than $100,000 in reportable compensation from Brooklyn Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $330K (Part IX, line 5).

6 filings since 2019

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpensesShort periods (after a fiscal-year change) are in the table, not the chart.
$0$20M$40M$60M$80M2019FY2021FY2022FY2023FY2024$39M$24M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2024 (amended) ⓘ$39M$24M83.6%$140M$308,046
FY2023 ⓘ$8.7M$23M84.7%$122M$279,673
FY2022 ⓘ$36M$16M85.5%$114M$200,927
FY2021 ⓘ$43M$15M89.3%$116M$253,191
FY2020 (6 mo.) ⓘ$7.6M$8.0M92.6%$74M—
2019 ⓘ$7.6M$8.9M86.7%$76M$256,639

Governance answers, as filed

FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b27 · 27 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 627

Largest outside contractors

FY2024 · Form 990, Part VII, Section B · businesses only
YOUR PART-TIME CONTROLLER
Professional services
$144,564
WEYLIN SEYMOUR
Venue and event production
$118,501
SINICORP
External hr consulting
$117,967
TEAL MEDIA
Marketing and website support
$113,800

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Brooklyn Community Foundation totaling $100K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Brooklyn Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Brooklyn Community Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Brooklyn Community Foundation's spending goes to programs?

In the fiscal year ending June 30, 2024, Brooklyn Community Foundation reported that 83.6% of its $24.4 million in expenses went to program services, 13.6% to management and general and 2.8% to fundraising (Form 990, Part IX).

How much does Brooklyn Community Foundation pay its top executive?

The largest total compensation Brooklyn Community Foundation reported for one person in the fiscal year ending June 30, 2024 was $308,046, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Brooklyn Community Foundation get its money?

Of $39.3 million in revenue in the fiscal year ending June 30, 2024, 82.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Brooklyn Community Foundation a registered charity?

The IRS lists EIN 11-3422729 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202532119349301433 · read the filing · XML
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441229349301439 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349308423 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349307660 · read the filing
  • FY2020 (6 mo.): Form 990 for the 6-month short period ending June 30, 2020, object 202123519349300407 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033189349312558 · read the filing

All filings for EIN 11-3422729: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.