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Nonprofit · EIN 11-2145956

BROOKLYN ALLIANCE INC

Tax-exempt · BROOKLYN, NY 11232

Financials

$6.2M$6.2M2023$6.3M$6.5M2024
Revenue Expenses · by fiscal year end
Financials of BROOKLYN ALLIANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,306,209$6,452,340-$146,131$6,748,477$6,435,896$312,581
December 31, 2023990$6,200,487$6,187,258$13,229$4,905,278$4,446,566$458,712
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,806,408
of which government grants
$4,925,952
Program service revenue
$0
Investment income
$0
Net income from sales of inventory
$477,879
Other revenue
$499,801

Expenses

Grants and similar amounts paid
$30,211
Compensation of officers, directors and key employees
$382,001
Other salaries and wages
$2,507,852
Salaries, compensation and benefits (total)
$3,410,840
Professional fundraising fees
$0
Legal fees
$26,737
Accounting fees
$54,000
Occupancy
$535,498
Travel
$19,204
Depreciation
$19,605
Program services (functional)
$4,890,546
Management and general (functional)
$979,815
Fundraising (functional)
$581,979

Balance sheet and other

Total assets, start of year
$4,905,278
Total assets, end of year
$6,748,477
Total liabilities, end of year
$6,435,896
Net assets, end of year
$312,581
Land, buildings and equipment
$46,533
Net assets without donor restrictions
$84,743
Net assets with donor restrictions
$227,838
Gross receipts
$6,860,947
Employees
57
Volunteers
17
Year formed
1968
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RANDOLPH PEERSPRESIDENT & CEO
Trustee or director, Officer
30$219,212$99,508$31,617
KATHIE LEEEVP & GENERAL COUNSEL
Highest-paid employee
36$167,900$56,049$0
CHANDRABAN MOTILALLCFO
Officer
36$144,660$18,329$25,060
RICHARD RUSSOCOO
Highest-paid employee
28$89,713$70,302$2,544
MARK CASERTAVP OF SMALL BUSINESS SUPPO
Highest-paid employee
40$140,603$0$0
DINA RABINERVP OF ECONOMIC DEVELOPMENT
Highest-paid employee
40$136,539$0$0
CAMILLE HASTICKVP OF EXTERNAL AFFAIRS & GOV'T RELATIONS
Highest-paid employee
40$116,067$0$2,650
ANA OLIVERIRACHAIR
Trustee or director, Officer
5$0$0$0
GIL CYGLERVICE CHAIR
Trustee or director, Officer
3$0$0$0
PASQUALE PATRONETREASURER
Trustee or director, Officer
9$0$0$0
KENDALL CHRISTIANSENSECRETARY
Trustee or director, Officer
3$0$0$0
SUSAN DOBANMEMBER
Trustee or director
1$0$0$0
GREGORY ANDERSONMEMBER
Trustee or director
1$0$0$0
LARA BIRNBACKMEMBER
Trustee or director
1$0$0$0
STEVE COHENMEMBER
Trustee or director
1$0$0$0
9 more people on this return
NameTitleHours / weekCompensation
PATRICK DUGANMEMBER
Trustee or director
1$0
JOHARI JENKINSMEMBER
Trustee or director
1$0
LOUIE LIUMEMBER
Trustee or director
1$0
KENNETH MBONUMEMBER
Trustee or director
1$0
TOBY MOSKOVITSMEMBER
Trustee or director
1$0
TIFFANY JOY MURCHISONMEMBER
Trustee or director
1$0
REGINA MYERMEMBER
Trustee or director
1$0
EVELYN ORTIZMEMBER
Trustee or director
1$0
DR PATRICIA RAMSEYMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RANDOLPH PEERSPRESIDENT & CEO
Trustee or director, Officer
22$188,712$151,871$24,425
KATHIE LEEEVP & GENERAL COUNSEL
Highest-paid employee
36$185,324$23,212$0
CHANDRABAN MOTILALLCFO
Officer
33$126,964$26,420$14,118
RICHARD RUSSOCOO
Highest-paid employee
28$103,834$46,527$9,915
MARK CASERTAVP OF SMALL BUSINESS SUPPORT
Highest-paid employee
40$137,903$0$0
DINA RABINERVP OF ECONOMIC DEVELOPMENT
Highest-paid employee
40$126,281$0$0
GORDON SCOTTDIRECTOR, BSC
Highest-paid employee
40$106,788$0$0
AVRAHAM LESCHESGLOBAL AFFAIRS MANAGER
Highest-paid employee
40$100,446$0$0
ANA OLIVERIRACHAIR
Trustee or director, Officer
4$0$0$0
PASQUALE PATRONETREASURER
Trustee or director, Officer
4$0$0$0
SUSAN DOBANSECRETARY
Trustee or director, Officer
4$0$0$0
GREGORY ANDERSONMEMBER
Trustee or director
1$0$0$0
LARA BIRNBACKMEMBER
Trustee or director
1$0$0$0
STEVE COHENMEMBER
Trustee or director
1$0$0$0
PATRICK DUGANMEMBER
Trustee or director
1$0$0$0
GIL CYGLERMEMBER
Trustee or director
1$0$0$0
JOHARI JENKINSMEMBER
Trustee or director
1$0$0$0
LOUIE LIUMEMBER
Trustee or director
1$0$0$0
KENNETH MBONUMEMBER
Trustee or director
1$0$0$0
TOBY MOSKOVITSMEMBER
Trustee or director
1$0$0$0
TIFFANY JOY MURCHISONMEMBER
Trustee or director
1$0$0$0
REGINA MYERMEMBER
Trustee or director
1$0$0$0
EVELYN ORTIZMEMBER
Trustee or director
1$0$0$0
DR PATRICIA RAMSEYMEMBER
Trustee or director
1$0$0$0
JASON MUSSMEMBER (LEFT 2023)
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
253 36TH ST UNIT 4 # C58, BROOKLYN, NY 11232-2415
Principal officer (990 for 2024)
RANDOLPH PEERS, 253 36TH STREET MAILBOX UNIT 17, BROOKLYN, NY 11232
Signed the 990
RANDOLPH PEERS, PRESIDENT & CEO
Phone
(718) 875-1000
Return prepared by
SAX LLP

Mission

THE PURPOSE OF THE BROOKLYN ALLIANCE, INC. IS TO LEVERAGE BROOKLYN CHAMBER OF COMMERCE, INC. RESOURCES IN ORDER TO PROMOTE ECONOMIC, COMMUNITY, BUSINESS AND WORKFORCE DEVELOPMENT AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE BOROUGH OF BROOKLYN, NEW YORK.

990 for the year ended December 31, 2024

Program accomplishments

  • COMMUNITY/ECONOMIC DEVELOPMENT - THROUGH A COMBINATION OF ORGANIZATION FUNDS, CORPORATE CONTRIBUTIONS AND GOVERNMENT GRANTS, THE ORGANIZATION MAINTAINS VARIOUS COMMUNITY PROGRAMS TO IMPROVE BROOKLYN'S QUALITY-OF-LIFE & STIMULATE ITS ECONOMY.
    Expenses $2,945,848 · grants $29,500
  • BROOKLYN MADE STORE - THE MISSION OF THE STORE IS TO IDENTIFY AND PROMOTE DESIGNERS, MAKERS, ENTREPRENEURS, MOSTLY FROM COMMUNITIES OF COLOR, WHO EMBODY ESSENCE OF WHAT IT MEANS TO BE BROOKLYN, AS REPRESENTED THROUGH THEIR UNIQUE PRODUCTS.
    Expenses $765,002 · grants $711 · revenue $477,879
  • BUSINESS SOLUTION CENTER - AN INITIATIVE OF NYC DEPARTMENT OF SMALL BUSINESS SERVICES (DSBS) TO PROMOTE DEVELOPMENT AND ECONOMIC WELL-BEING OF GROWING BUSINESSES BY ANSWERING QUESTIONS, OFFERING CLASSES, AND ASSISTING WITH OBTAINING LOANS AND LEVERAGING GOVERMENT AND COMMUNITY RESOURCES.
    Expenses $596,376
  • BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS.
    Expenses $228,717
  • MEMBERSHIP EVENTS
    Expenses $348,475
  • MICRO LOANS
    Expenses $6,128

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-2145956
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,748,477
Income (IRS master file)
$6,860,947

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,306,209$6,452,340$6,748,477XML
990December 2023$6,200,487$6,187,258$4,905,278XML
990December 2022$5,905,135$6,234,159$5,411,345IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2145956).

Questions about BROOKLYN ALLIANCE INC

What is the EIN of BROOKLYN ALLIANCE INC?
The employer identification number (EIN) of BROOKLYN ALLIANCE INC is 11-2145956.
Is BROOKLYN ALLIANCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to BROOKLYN ALLIANCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BROOKLYN ALLIANCE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BROOKLYN ALLIANCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BROOKLYN ALLIANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BROOKLYN ALLIANCE INC?
The 990 for the year ended December 31, 2024 names RANDOLPH PEERS.
Who are the officers and directors of BROOKLYN ALLIANCE INC?
The 990 for the year ended December 31, 2024 lists 24 people; 7 received compensation from the organization, the highest $219,212 (RANDOLPH PEERS, PRESIDENT & CEO).
How much revenue does BROOKLYN ALLIANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,306,209, expenses of $6,452,340 and total assets of $6,748,477 at year end.

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