Nonprofit · EIN 11-3422729
BROOKLYN COMMUNITY FOUNDATION
Tax-exempt · BROOKLYN, NY 11217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 (amended) | $39,339,803 | $24,415,765 | $14,924,038 | $141,980,553 | $2,187,106 | $139,793,447 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $32,435,516
- Program service revenue
- $0
- Investment income
- $6,181,176
- Net gain from sales of assets
- $3,654,701
- Net income from fundraising events
- -$316,833
- Other revenue
- $723,111
Expenses
- Grants and similar amounts paid
- $19,342,878
- Compensation of officers, directors and key employees
- $329,857
- Other salaries and wages
- $1,658,661
- Salaries, compensation and benefits (total)
- $2,455,608
- Professional fundraising fees
- $0
- Legal fees
- $122,199
- Accounting fees
- $50,076
- Occupancy
- $148,720
- Travel
- $13,264
- Depreciation
- $17,092
- Program services (functional)
- $20,408,871
- Management and general (functional)
- $3,326,966
- Fundraising (functional)
- $679,928
Balance sheet and other
- Total assets, start of year
- $124,159,466
- Total assets, end of year
- $141,980,553
- Total liabilities, end of year
- $2,187,106
- Net assets, end of year
- $139,793,447
- Land, buildings and equipment
- $220,393
- Publicly traded securities
- $77,870,298
- Net assets without donor restrictions
- $138,741,319
- Net assets with donor restrictions
- $1,052,128
- Gross receipts
- $90,327,172
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1998
- State of legal domicile
- DE
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOCELYNNE RAINEY | CEO & PRESIDENT Officer | 35 | $284,712 | $23,334 |
| LIANE STEGMAIER | CHIEF OF STAFF, VP OF COMMUNICATIONS Highest-paid employee | 35 | $163,981 | $40,469 |
| SABRINA HARGRAVE | PROGRAM OFFICER/DIRECTOR OF PROGRAMS Highest-paid employee | 35 | $128,404 | $37,661 |
| NICOLE GUERON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| HARSHA MARTI | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL GILLESPIE | BOARD CHAIR (2024)/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATHERINE DARROW | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HILARY JAGER | VICE CHAIR (2024) Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE DEFOSSETT | GOVERNANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MAMIE KANFER STEWART | GOVERNANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VIVIAN LIAO KORICH | ADVANCEMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CONSTANCE SARGENT | PROGRAM CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS BETTRIDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TANYA FRIEDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER FURCHI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LESLEIGH IRISH-UNDERWOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| ZUL JAMAL | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWANNA KIMBRO | BOARD MEMBER Trustee or director | 1 | $0 |
| LORENA KOUROUSIAS | BOARD MEMBER Trustee or director | 1 | $0 |
| NOA MEYER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDI PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLEY RONEY | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLEY STEWART | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSANNAH TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| RACHEL TIMONER | BOARD MEMBER Trustee or director | 1 | $0 |
| CARMENCITA WHONDER | BOARD MEMBER Trustee or director | 1 | $0 |
| SARAH WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| SHAHEEN RUSHD | BOARD MEMBER Trustee or director | 1 | $0 |
| VISHAL SHETH | BOARD MEMBER Trustee or director | 1 | $0 |
| TIMOTHY SIMONS | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 80 HANSON PLACE 5TH FLOOR, BROOKLYN, NY 11217-2998
- In care of
- % SARAH SHANNON
- Principal officer (990 for 2023)
- NICOLE G EPPS, 80 HANSON PLACE 5TH FLOOR, BROOKLYN, NY 11217
- Signed the 990
- NICOLE G EPPS, CHIEF OPERATING & FINANCIAL OFFICER
- Phone
- (718) 480-7500
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $14,498,632 · grants $14,057,581
- 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.Expenses $2,173,500 · grants $1,890,000
- 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.Expenses $856,750 · grants $745,000
- BROOKLYN ELDERS FUND:IN FY24, THE FOUNDATION INVESTED $630,000 TO 14 ORGANIZATIONS SUPPORTING OLDER ADULTS IN BROOKLYN THROUGH OUR ENDOWED FUND. THESE ORGANIZATIONS PROVIDE CRITICAL SERVICES TO OLDER ADULTS, ALLOWING THEM TO AGE IN PLACE VIA AFFORDABLE HOUSING, CULTURALLY RELEVANT SERVICES, AND PROVIDING OPPORTUNITIES FOR SOCIALIZATION.Expenses $2,879,989 · grants $2,650,297
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3422729
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $141,980,553
- Income (IRS master file)
- $90,327,172
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $8,708,861 | $23,057,208 | $124,159,466 | IRS |
| 990 | June 2022 | $36,110,800 | $15,582,657 | $115,930,588 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BROOKLYN COMMUNITY FOUNDATION
- What is the EIN of BROOKLYN COMMUNITY FOUNDATION?
- The employer identification number (EIN) of BROOKLYN COMMUNITY FOUNDATION is 11-3422729.
- Is BROOKLYN COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BROOKLYN COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROOKLYN COMMUNITY FOUNDATION 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 COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROOKLYN COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of BROOKLYN COMMUNITY FOUNDATION?
- The 990 for the year ended June 30, 2024 names NICOLE G EPPS.
- Who are the officers and directors of BROOKLYN COMMUNITY FOUNDATION?
- The 990 for the year ended June 30, 2024 lists 30 people; 3 received compensation from the organization, the highest $284,712 (JOCELYNNE RAINEY, CEO & PRESIDENT).
- How much revenue does BROOKLYN COMMUNITY FOUNDATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $39,339,803, expenses of $24,415,765 and total assets of $141,980,553 at year end.
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