Overview
What is Brooklyn Alliance Inc?
Brooklyn Alliance Inc is a nonprofit organization situated in Brooklyn, New York. With a team of 46 individuals, its primary mission is to foster economic, community, business, and workforce development in the borough of Brooklyn. The organization achieves this by leveraging resources from the Brooklyn Chamber of Commerce and overseeing various community projects. Through a mix of their own funds, corporate contributions, and government grants, Brooklyn Alliance Inc works to enhance Brooklyn's quality of life and stimulate its economy. Their activities include monitoring and promoting development projects that contribute positively to the community.
Official website here: www.brooklynchamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Brooklyn Alliance Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and transparency in its operations. The organization scored particularly well on its independent board composition, with 93% of board members being independent, and it also has a well-structured audit and oversight committee. The program expense ratio is impressive at 82.12%, suggesting that a significant portion of its funds is directed toward its core programs.
The charity's strong governance practices are reflected in its comprehensive policies, including those for conflict of interest, whistleblower protection, and document retention, all of which scored full marks. Additionally, Brooklyn Alliance Inc maintains transparency by listing its website on its tax form and ensuring that board meeting minutes are documented.
However, while the organization's financial oversight is robust, the overall rating suggests there may be room for improvement in certain areas to achieve a higher rating. Continued focus on enhancing its financial strategies and further engaging with stakeholders could benefit its operational effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn Alliance Inc legitimate?
Brooklyn Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,363,756
For more financial information, click here
Official website here: www.brooklynchamber.com
What is the mission statement of Brooklyn Alliance Inc?
The Brooklyn Alliance Inc, with the backing of Brooklyn Chamber of Commerce Inc's resources, is committed to fostering economic, community, business, and workforce development. Their primary objective is to enhance the quality of life in various parts of the community by leveraging these resources. Through a blend of their own funds, corporate contributions, and government grants, they maintain a range of community programs. These initiatives aim to improve the community's overall quality of life and stimulate its economy.
Official website here: www.brooklynchamber.com
Who is the CEO of Brooklyn Alliance Inc?
Randolph Peers is the President & Ceo of Brooklyn Alliance Inc. The CEO's salary of Brooklyn Alliance Inc is $128,164 and their total compensation is $305,491.
Official website here: www.brooklynchamber.com
What is the revenue of Brooklyn Alliance Inc?
Brooklyn Alliance Inc's revenue in 2022 was $5,905,135.
Official website here: www.brooklynchamber.com
Who are the executives of Brooklyn Alliance Inc and what are their salaries?
The average compensation at Brooklyn Alliance Inc during 2022 was $54,335. There are 46 employees and 15 volunteers at Brooklyn Alliance Inc.
Here are 19 key members and their salaries (Brooklyn Alliance Inc's CEO's salary is $128,164 and their total compensation is $305,491):
- Compensation: $128,164
- Related: $177,327
- Other: $0
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- Compensation: $117,304
- Related: $29,988
- Other: $11,401
- Compensation: $109,082
- Related: $34,486
- Other: $7,200
Official website here: www.brooklynchamber.com
Where can I find the form 990 for Brooklyn Alliance Inc?
Brooklyn Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brooklynchamber.com
Learn more at the official website: www.brooklynchamber.com
Mission Statement of Brooklyn Alliance Inc
Brooklyn Alliance Inc, a renowned organization, aims to harness the resources of the Brooklyn Chamber of Commerce Inc to promote economic, community, business, and workforce development within Brooklyn, New York. Their primary purpose is to enhance the quality of life in the borough by leveraging these resources. To accomplish this, they maintain various community programs funded through a mix of their own funds, corporate contributions, and government grants. These programs are designed to stimulate Brooklyn's economy and improve its overall quality of life.
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Impact
July, 2024
Brooklyn Alliance Inc's impact can be seen in its efforts to promote and monitor community and economic development projects throughout Brooklyn, New York. Through a combination of organizational funds, corporate contributions, and government grants, the organization maintains various community programs aimed at improving Brooklyn's quality of life and stimulating its economy. The organization leverages resources to promote economic, community, business, and workforce development, ultimately working to enhance the overall quality of life throughout the borough of Brooklyn.
This information is meant to be a general summary of Brooklyn Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $5,996,990
Assets and Liabilities:
- Total Assets: $5,411,345
- Total Liabilities: $4,965,862
- Net Assets: $445,483
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Organization Details
Founding Year
1968
Phone
(718) 875-1000Principal Officer
Randolph Peers
Main Address
253 36TH STREET MAILBOX UNIT 17, BROOKLYN, NY, 11232
Website
www.brooklynchamber.comNTEE Category
Code: S20Z - Community improvement
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