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Brooklyn Alliance Capital Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 815483293 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Brooklyn Alliance Capital Inc?

Brooklyn Alliance Capital Inc is a small yet impactful nonprofit organization situated in Brooklyn, New York. Their primary mission is to provide micro-loans to under-served small businesses, particularly those owned by immigrants and minorities. By offering these financial services, they aim to increase financial stability and foster economic growth within the Brooklyn community, ultimately creating job opportunities. With a modest workforce of one dedicated individual, Brooklyn Alliance Capital Inc plays a crucial role in empowering local entrepreneurs and contributing to the local economy.


Official website here: www.brooklynchamber.com

Is Brooklyn Alliance Capital Inc legitimate?

Brooklyn Alliance Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Alliance Capital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,796

For more financial information, click here


Official website here: www.brooklynchamber.com

What is the mission statement of Brooklyn Alliance Capital Inc?

Brooklyn Alliance Capital Inc, as a micro-loan institution, focuses on providing financial aid to small businesses, particularly those owned by immigrants and minorities. Their mission is to boost the financial stability of these entrepreneurs and contribute to economic growth. By offering loans, they aim to create job opportunities in various sectors. The organization's activities are geared towards fostering economic development among under-served communities, thereby promoting prosperity and social mobility.


Official website here: www.brooklynchamber.com

Who is the CEO of Brooklyn Alliance Capital Inc?

Randolph Peers is the President & Ceo of Brooklyn Alliance Capital Inc. The CEO's salary of Brooklyn Alliance Capital Inc is $0 and their total compensation is $305,491.


Official website here: www.brooklynchamber.com

What is the revenue of Brooklyn Alliance Capital Inc?

Brooklyn Alliance Capital Inc's revenue in 2022 was $436,355.


Official website here: www.brooklynchamber.com

Who are the executives of Brooklyn Alliance Capital Inc and what are their salaries?

The average compensation at Brooklyn Alliance Capital Inc during 2022 was $109,796. There is 1 employee and 13 volunteers at Brooklyn Alliance Capital Inc.


Here are 16 key members and their salaries (Brooklyn Alliance Capital Inc's CEO's salary is $0 and their total compensation is $305,491):


Randolph Peers (President & Ceo)
  • Compensation: $0
  • Related: $305,491
  • Other: $0
Ana Oliveira (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pasquale Patrone (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Doban (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Walcott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryon Doxford (Trustee (Resigned 7/31/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Murtha (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bagatelle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Pellegrino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Guan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin O'Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Keane (Trustee (Resigned 5/31/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Chirico (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Cornegy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gil Cygler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Shvartsman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.brooklynchamber.com

Where can I find the form 990 for Brooklyn Alliance Capital Inc?

Brooklyn Alliance Capital 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 Capital Inc

Brooklyn Alliance Capital Inc, as a micro-loan institution, is committed to providing financial aid to small businesses, with a particular focus on those owned by immigrants and minorities. Their mission is to enhance the financial stability of under-served entrepreneurial communities, fostering economic growth and creating job opportunities in the process. By offering loans to these businesses, Brooklyn Alliance Capital Inc plays a crucial role in supporting the dreams and aspirations of these entrepreneurs, enabling them to grow and thrive in their respective industries.

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Impact




October, 2024

Brooklyn Alliance Capital Inc significantly impacts the local economy by providing essential micro-loans to small businesses, particularly those owned by immigrants and minorities. By focusing on underserved communities, it enhances financial stability and fosters economic growth in Brooklyn. This support not only empowers entrepreneurs to launch and sustain their businesses but also contributes to job creation within the area. The organization's efforts help to bridge the financing gap often faced by low-income business owners, enabling them to thrive and participate actively in the economic landscape of Brooklyn.




This information is meant to be a general summary of Brooklyn Alliance Capital 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.

Revenue
$436,355 (2022)
Expenses
$200,222 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,872
  • Gross Receipts: $436,355

Assets and Liabilities:

  • Total Assets: $1,409,377
  • Total Liabilities: $696,526
  • Net Assets: $712,851

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Organization Details

Founding Year

2017

Principal Officer

Randolph Peers

Main Address

253 36TH STREET MAILBOX UNIT 17, BROOKLYN, NY, 11232

NTEE Category

Code: W60 - Public benefit

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