Business Outreach Center Network Inc
- Assets
- $4.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 66
- Location
- Brooklyn, NY
- Founding
- 05/1996
- Data as of
- 06/2023
- EIN
- 11-3306111
Organization Overview
Business Outreach Center Network Inc is located in Brooklyn, NY. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Business Outreach Center Network Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Outreach Center Network Inc 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 06/2023, Business Outreach Center Network Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Business Outreach Center Network Inc has awarded 25 individual grants totaling $1,222,304. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ECONOMICALLY EMPOWER INDIVIDUALS AND CREATE JOBS IN LOW-INCOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROENTERPRISE AND MINORITY BUSINESS DEVELOPMENT PROGRAMS - PROVIDE BUSINESS SERVICES TO UNDER-SERVED ENTREPRENEURS, ACCESS TO CONTRACTS AND FINANCING AND CAPACITY-BUILDING SERVICES TO ORGANIZATIONS.
INDUSTRIAL BUSINESS SERVICES PROGRAMS - PROVIDES ASSISTANCE FOR SMALL AND MEDIUM-SIZED INDUSTRIAL, MANUFACTURING, TRANSPORTATION AND CONSTRUCTION FIRMS IN NEW YORK CITY, WITH A SPECIAL FOCUS ON SUPPORTING AND IMPROVING THE QUEENS CENTRAL AND BROOKLYN EAST INDUSTRIAL BUSINESS ZONES AND SUPPORT EQUITABLE INDUSTRIAL DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Carin Exec. Director | OfficerTrustee | 26 | $199,500 |
Elena Zikuss CFO | Officer | 33 | $144,965 |
Rodney Santiago Cpo | Officer | 19 | $157,335 |
Roxanne Neilson Program Director | 40 | $119,287 | |
Lauren Evans Sr Program Manager | 1 | $91,750 | |
Alexandr Mesonzhnik Sr Account Manager | 5 | $101,442 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New York Womens Chamber Of Commerce Mbda Crrp; Eac Harlem; O | 6/29/23 | $232,189 |
Data Inc Staffing Services | 6/29/23 | $121,089 |
Womens Enterprise Development Center Open For Business Program | 6/29/23 | $115,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,884,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,798,129 |
| Total Program Service Revenue | $41,927 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,858,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $274,661 |
| Grants and other assistance to domestic individuals. | $79,484 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $382,570 |
| Compensation of current officers, directors, key employees. | $143,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,834,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $437,989 |
| Payroll taxes | $172,028 |
| Fees for services: Management | $360,889 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,817 |
| Travel | $21,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,970 |
| Insurance | $14,306 |
| All other expenses | $0 |
| Total functional expenses | $3,856,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,046,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,245,624 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $334,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,752 |
| Net Land, buildings, and equipment | $26,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $187,498 |
| Intangible assets | $0 |
| Other assets | $278,662 |
| Total assets | $4,156,439 |
| Accounts payable and accrued expenses | $192,779 |
| Grants payable | $0 |
| Deferred revenue | $509,325 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $203,534 |
| Total liabilities | $1,155,638 |
| Net assets without donor restrictions | $2,128,803 |
| Net assets with donor restrictions | $871,998 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,156,439 |
Grants Awarded
Over the last fiscal year, Business Outreach Center Network Inc has awarded $274,660 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: Ascend NY program | $96,800 |
CHINATOWN MANPOWER PROJECT PURPOSE: Open for Business Program | $64,832 |
NEW YORK WOMENS CHAMBER OF C PURPOSE: Open for Business Program | $72,811 |
WOMENS ENTERPRISE DEVEL CENT PURPOSE: Open for Business Program | $40,217 |