Brooklyn Benevolent Society
- Assets
- $5.5m
- Revenue
- $511.3k
- Investments
- $5.0m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 10/1958
- Data as of
- 12/2023
- EIN
- 11-1661344
Organization Overview
Brooklyn Benevolent Society is located in Brooklyn, NY. The organization was established in 1958. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Benevolent Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Brooklyn Benevolent Society generated $511.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $313.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Brooklyn Benevolent Society has awarded 195 individual grants totaling $1,227,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter M Altman Trustee, President | 3 | $0 | |
Hon John G Ingram Trustee, Vice President | 0.5 | $0 | |
Brian C Deane Trustee, Treasurer | 3 | $7,468 | |
William B Bice Trustee | 0.5 | $0 | |
Thomas A Conniff Trustee | 0.5 | $0 | |
Colin P Crowley Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,342 |
| Dividends & Interest | $119,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,232 |
| Capital Gain Net Income | $399,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $511,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,512 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $540 |
| Interest | $0 |
| Taxes | $8,001 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,887 |
| Printing and publications | $0 |
| Other expenses | $6,045 |
| Total operating and administrative expenses | $91,958 |
| Contributions, gifts, grants paid | $221,500 |
| Total expenses and disbursements | $313,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $404,716 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $321,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,430 |
| Total assets | $5,450,632 |
| Accounts payable and accrued expenses | $25,267 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $30,025 |
| Total liabilities | $55,292 |
Grants Awarded
Over the last fiscal year, Brooklyn Benevolent Society has awarded $221,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF MOUNT ST URSULA PURPOSE: SCHOLARSHIPS | $10,000 |
ALBERTUS MAGNUS HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $2,500 |
BISHOP LOUGHLIN MEMORIAL HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $10,000 |
CORNELIA CONNELLY CENTER PURPOSE: SCHOLARSHIPS | $7,500 |
DE LA SALLE ACADEMY PURPOSE: SCHOLARSHIPS | $10,000 |
CRISTO REY NEW YORK HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $7,500 |