Nonprofit · EIN 27-1509754
BROOKLYN BOATWORKS INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $927,458 | $795,383 | $132,075 | $553,967 | $105,166 | $448,801 |
| June 30, 2024 | 990 | $720,171 | $779,283 | -$59,112 | $414,792 | $98,066 | $316,726 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $537,669
- of which government grants
- $10,000
- Program service revenue
- $286,787
- Investment income
- $8
- Net income from fundraising events
- $102,994
- Other revenue
- $102,994
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $170,334
- Other salaries and wages
- $341,265
- Salaries, compensation and benefits (total)
- $595,932
- Professional fundraising fees
- $11,688
- Accounting fees
- $10,476
- Occupancy
- $23,408
- Travel
- $2,326
- Program services (functional)
- $565,957
- Management and general (functional)
- $86,664
- Fundraising (functional)
- $142,762
Balance sheet and other
- Total assets, start of year
- $414,792
- Total assets, end of year
- $553,967
- Total liabilities, end of year
- $105,166
- Net assets, end of year
- $448,801
- Net assets without donor restrictions
- $347,801
- Net assets with donor restrictions
- $101,000
- Gross receipts
- $952,812
- Employees
- 19
- Volunteers
- 30
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARETMARY MCNICHOLAS | EXECUTIVE DIRECTOR Officer | 40 | $158,942 | $8,500 |
| SEAN YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NAVIN JHAMNA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER POTTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PETER GUY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHAN FORSTMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABIGAIL VAN STRAATEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEN MIDDLETON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOYCE GOODMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEREMY WURMFELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE KAMINSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAPHAEL DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL PERSAK III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALKIE SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA FRANCISCA MAYOBRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE GOODMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARETMARY MCNICHOLAS | EXECUTIVE DIRECTOR Officer | 40 | $157,404 | $8,500 |
| SEAN YOUNG | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NAVIN JHAMNA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER POTTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PETER GUY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHAN FORSTMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABIGAIL VAN STRAATEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEN MIDDLETON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOYCE GOODMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEREMY WURMFELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE KAMINSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAPHAEL DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL PERSAK III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MALKIE SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA FRANCISCA MAYOBRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 JAY ST STE 824 # B, BROOKLYN, NY 11201-8306
- In care of
- % MARJORIE SCHULMAN
- Mailing address (990-N for 2011)
- 68 JAY STREET, BROOKLYN NY 11201
- Principal officer (990 for 2024)
- MARGARETMARY MCNICHOLAS, 20 JAY STREET 824B, BROOKLYN, NY 11201
- Principal officer (990-N for 2011)
- ERIN SHAKESPEARE, 68 JAY STREET, BROOKLYN NY 11201
- Signed the 990
- MARGARETMARY MCNICHOLAS, EXECUTIVE DIRECTOR
- Phone
- (646) 326-2840
- Website
- brooklynboatworks.org
- Return prepared by
- WEGNER CPAS LLP
Mission
TO ENCOURAGE, INSPIRE AND EMPOWER YOUNG PEOPLE THROUGH THE UNIQUE CRAFT OF WOODEN BOATBUILDING AND ON-THE-WATER EXPERIENCES.
Program accomplishments
- BROOKLYN BOATWORKS WORKED WITH 328 YOUTH SPANNING 5TH TO 11TH GRADES. THE ORGANIZATION OVERSAW 14 BOAT BUILDS ACROSS SEVEN DIFFERENT SCHOOLS IN NEW YORK CITY. WITHIN EACH CLASS, STUDENTS COLLABORATED ON CRAFTING A 7'6" OPTIMIST PRAM SAILBOAT, USING WOODEN MATERIALS AND BASIC HAND TOOLS. STUDENTS LEARNED BASIC CONSTRUCTION AND TOOL SKILLS, APPLIED MEASUREMENT AND ESTIMATION, LOCAL WATERWAY GEOGRAPHY, NAUTICAL CHART READING, BUOYANCY, AND THE PHYSICS OF SAILING. BROOKLYN BOATWORKS EMPHASIZES COOPERATION, PERSEVERANCE, CRAFTSMANSHIP, AND EXPERIENTIAL LEARNING. TO CULMINATE THE SCHOOL YEAR, STUDENTS CELEBRATED THEIR ACHIEVEMENTS THROUGH AN IMPRESSIVE BOAT LAUNCH AND REGATTA. ADDITIONALLY, THE YOUTH WERE ACTIVELY INVOLVED IN VARIOUS ACTIVITIES, FIELD TRIPS, AND A SAILING CAMP. THROUGHOUT ALL OF BROOKLYN BOATWORKS'S ENDEAVORS, THE FOCUS REMAINED ON PROMOTING STEM AND MARITIME-CENTERED EDUCATION, HANDS-ON LEARNING, AND NURTURING HEALTHY SOCIAL-EMOTIONAL DEVELOPMENT.Expenses $565,957 · revenue $286,787
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1509754
- 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
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $553,967
- Income (IRS master file)
- $952,812
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $927,458 | $795,383 | $553,967 | IRS |
| 990 | June 2024 | $720,171 | $779,283 | $414,792 | IRS |
| 990 | June 2023 | $896,051 | $813,181 | $433,312 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: ERIN SHAKESPEARE | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-1509754).
Questions about BROOKLYN BOATWORKS INC
- What is the EIN of BROOKLYN BOATWORKS INC?
- The employer identification number (EIN) of BROOKLYN BOATWORKS INC is 27-1509754.
- Is BROOKLYN BOATWORKS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to BROOKLYN BOATWORKS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROOKLYN BOATWORKS 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 BOATWORKS INC 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 BOATWORKS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BROOKLYN BOATWORKS INC?
- The 990 for the year ended June 30, 2025 names MARGARETMARY MCNICHOLAS.
- Who are the officers and directors of BROOKLYN BOATWORKS INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $158,942 (MARGARETMARY MCNICHOLAS, EXECUTIVE DIRECTOR).
- How much revenue does BROOKLYN BOATWORKS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $927,458, expenses of $795,383 and total assets of $553,967 at year end.
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