2026-04-23T05:33:49-00:00 2024-12-31 270414084 JACKSON FRIDAY CPA LLC 381 SUNRISE HWY STE 204 LYNBROOK NY 11563 990 2024-01-01 454337302 BROOKLYN INSTITUTE FOR SOCIAL RESEARCH INC BROO 7184227767 68 JAY STREET UNIT 425 BROOKLYN NY 11201 SUZANNE SCHNEIDER INTERIM EXECUTIVE DIRECTOR 7184227767 2026-04-23 true true FRIDAY OVIAWE CPA P00081294 2125130103 2026-04-23 X 2024 2025-03-06 01:10:19Z X SUZANNE SCHNEIDER 68 JAY STREET NO 308 BROOKLYN NY 11201 1286391 false X www.thebrooklyninstitute.com X 2012 NY Brooklyn Institute for Social Research provides community-based education in the liberal arts and sciences to working adults from all walks of life. It also provides a place for scholars to research, write, and teach out 7 5 10 0 139549 132897 928513 1133945 19862 0 87604 11702 1175528 1278544 0 0 444887 483032 0 5132 696141 849902 1141028 1332934 31500 -54390 596622 579630 155000 182107 441622 397523 SEE PART 1, QUESTION 1 false false 1025292 In 2024, BISR ran 173 total courses, with approximately one-quarter held in person in New York City and the remainder online. Across courses, we taught over 3000 students and offered approximately 500 scholarships. We also expanded our Language Learning and Critique program to offer courses in Sanskrit, Ancient Greek, Biblical Hebrew, Latin, and Arabic. 1025292 true true false false false false false false false false false false false false true true true false false false false false false false true false false false false false false true true false false false false false false false false false false false false false false true 51 0 true 10 true false false false false false false false false false false false false X 7 5 false false false false false false false true true true false true true true true false false false false false NY X BISR 7184227767 68 JAY STREET NO 425 BROOKLYN NY 11201 AJAY SINGH CHAUDHARY EXECUTIVE DIRECTOR 050.00 X X 70499 0 0 ALFRED LEE TRUSTEE 001.00 X 5204 0 0 ROBIN VARGHESE TRUSTEE 001.00 X 0 0 0 GRAZIELLA MATTY TREASURER 001.00 X X 0 0 0 ELIZABETH CASTELLI TRUSTEE 001.00 X 0 0 0 MICHELLE MILLER CHAIR PERSON 001.00 X X 0 0 0 MARGARET GERRITY TRUSTEE 001.00 X 0 0 0 75703 false false false 23075 109822 132897 ENROLLMENT REVENUE 1108127 1108127 EARNED INCOME 25818 25818 1133945 15361 7847 7514 Other Income 4188 4188 4188 1278544 1138133 X 0 0 0 0 70499 51112 19387 0 364033 209127 154906 0 16127 9437 6690 32373 19388 12985 0 0 18200 400 17800 0 0 591324 588096 3228 93822 93585 237 21331 2360 18971 0 0 47209 219 46990 6875 728 6147 0 0 3004 3004 0 0 2155 2155 CLASSROOM MATERIALS 12228 12228 SOFTWARE EXPENSE 12075 49 12026 FUNDRAISING EXPENSES 4625 71 4554 MERCHANT PROCESSING FEES 33814 32323 913 578 3240 3165 75 1332934 1025292 302510 5132 31795 66433 438279 247277 116386 259606 2814 10162 3500 596622 579630 11705 13000 130452 119166 12843 49941 155000 182107 X -58378 -102477 500000 500000 441622 397523 596622 579630 -54390 10291 X false true X false false X 170668 173717 714898 136549 148258 1344090 874596 908860 875294 928513 1133945 4721208 1045264 1082577 1590192 1065062 1282203 6065298 6065298 3443 2215 19862 4188 29708 0 3443 2215 19862 4188 29708 0 87604 87604 1048707 1084792 1590192 1172528 1286391 6182610 0.98100 0.99710 0.00480 0.00290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false Financial derivatives and other financial products Closely-held equity interests Federal income taxes Gift Certificates 7415 Payroll, Loans and Other Liabilities 42526 49941 1286391 7847 7847 1278544 1278544 1340781 7847 7847 1332934 1332934 false FUNDRAISING 15631 15631 3100 3000 651 1096 15631 15631 3100 3000 651 1096 7847 7784 AJAY CHAUDHARY FOUNDER/TRUSTEE UNAUTHORIZED REIMBURSEMENTS AND COMP. false Part I Line 1 The organization Founder and former President Executive Director, Ajay Chaudhary hereafter, President, was integrally involved in achieving the development and significant growth of BISR programming from the corporation formation in 2012. Throughout this time, he led the Board of Directors to believe that BISR was both properly managed and current with its reporting to both the IRS and the NYS AG Charities Bureau. However, as the President went on leave in early 2026 and an Interim Executive Director assumed his responsibilities, the Board became aware of performance and management concerns about the President in the preceding years. Under the guidance of a seasoned nonprofit operations consultant and with full cooperation of the staff, the Board began a thorough forensic review of several years of financial records. At the end of the two month review, the Board discovered that during the years 2021-2025 the President received unauthorized reimbursements for personal expenses, compensation for a teaching requirement that was not fulfilled, and received more generous coverage of health insurance benefits beyond the established policy. Pro bono professional firm services were sought in early March to help the Board understand those findings. This review further identified that BISR had been delinquent in filing its Form 990s for the years 2022 and 2023. The Board identified historical inadequacies in the filing process that led to these delinquencies and similar delinquencies with New York State CHAR500 filing, noting that some required audits of financial statements had not been sought from the organizations accounting firm. Throughout March, BISR Board of Directors was engaged in addressing and repairing the deficiencies noted above. The Board has moved diligently and expeditiously to ensure immediate improvements to strengthen BISR internal controls and implement improved Board protocols and governance policies to ensure future compliance. In addition, the Board has committed to expanding to add two additional Directors and promptly filled two seats that became vacant in 2026. BISR Directors have provided invaluable assistance in addressing the circumstances noted here. The reimbursements for personal expenses the President took in tax years 2021-2024, the remuneration he received for work he did not perform, and excess health insurance benefits are the basis of the excess benefit transactions amounts herein reported. The Board appreciation of relevant federal tax law is reflected in the following actions undertaken at BISR 4-13-026 Board meeting 1. Formally recognized that as of April 13, 2026 the President is severed from service and no longer holds an employment or governance position at BISR. 2.Formalized a claim for 73,651.93, the amounts quantified as excess benefit transactions on 2021-2025, plus applicable interest under IRC Section 4958, these are being treated as due and owing by the President to BISR 3. Amended BISR By-laws to remove Ajay Chaudhary as a permanent Founding Director of the corporation. The Organization has since implemented rigorous internal controls and board oversight protocols to ensure future compliance and timely regulatory filings. Form 990, Part IX, Line 11G OTHER FEE FOR SERVICES INCLUDES FACULTY INSTRUCTORS FEES - PROGRAM EXPENSE 588,096 AND MANAGEMENT GENERAL 3,228. Form 990, Part VI, Section B, Line 11B THIS FORM 990 WAS REVIEWED BY BISRS EXEMPT ORGANIZATIONS TAX COUNSEL AND THE PRINCIPAL OFFICER. IT WAS THEREAFTER PROVIDED TO ALL BOARD MEMBERS PRIOR TO ITS FILLING. Form 990, Part VI, Section B, Line 12C THE ORGANIZATION MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICY BY HAVING ANNUAL CONVERSATIONS WITH THE BOARD OF DIRECTORS TO ENSURE COMPLIANCE, DISTRIBUTING THE CONFLICT OF INTEREST POLICY ANNUALLY FOR SIGNATURE. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WERE MADE AVAILABLE TO THE PUBLIC IN THIS TAX YEAR TO THOSE WHO REQUESTED THEM. Form 990, Part VI, Line 9 AJAY SINGH CHAUDHARY 3525 77TH STREET, JACKSON HEIGHTS, NY 11372 Form 990, Part VI, Section C, Line 18 Financial statements are available to the public upon written request to the Brooklyn Institute office at 68 Jay Street 425 Brooklyn NY 11201 a copying fee of 0.30 per page applies.