Brooklyn Rail Inc
- Assets
- $1.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Brooklyn, NY
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 11-3562004
Organization Overview
Brooklyn Rail Inc is located in Brooklyn, NY. The organization was established in 2001. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Brooklyn Rail Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Rail 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 12/2021, Brooklyn Rail Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BROOKLYN RAIL INC. IS TO PROVIDE AN INDEPENDENT FORUM FOR ARTS, CULTURE, AND POLITICS THROUGH OUT NEW YORK CITY AND FAR BEYOND. ITS JOURNAL, IN ADDITION TO FEATURING LOCAL REPORTING, CRITICISM OF MUSIC,DANCE, FILM, THEATER, ORIGINAL FICTION AND POETRY, COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. IN ORDER TO DEMOCRATIZE ITS ARTS COVERAGE, THE CRITICS PAGE FUNCTIONS WITH A ROTATING EDITORSHIP. THE RAIL FURTHER FULFILLS ITS MISSION BY CURATING ART EXHITBITIONS, PANEL DISCUSSIONS, READING SERIES, AND FILM SCREENINGS THAT RELECT THE COMPLEXITY AND INVENTIVENESS OF THE CITY'S ARTISTIC AND CULTURAL LANDSCAPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINTING AND PUBLISHING THE JOURNAL (CURRENTLTY PUBLISHED 10 TIMES ANNUALLY), THE JOURNAL, IN ADDITION TO FEATURING LOCAL REPORTING, CRITICISM OF MUSIC, DANCE, FILM, THEATER, ORIGINAL FICTION AND POETRY, COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. BROOKLYN RAIL DISTRIBUTES ITS JOURNAL FREE OF CHARGE AROUND NEW YORK CITY, AND SHIPS TO A GROWING LIST OF NATIONAL AND INTERNATIONAL SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phong Bui President | OfficerTrustee | 40 | $48,096 |
Paul Lachman Treasurer | OfficerTrustee | 2 | $0 |
Helen Lee Director | Trustee | 1 | $0 |
Susan Harris Director | Trustee | 1 | $0 |
Dan Desmond Director | Trustee | 1 | $0 |
Scott Lynn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,004 |
| Total Program Service Revenue | $2,048,438 |
| Investment income | $68 |
| 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 | $2,667,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $462,516 |
| Compensation of current officers, directors, key employees. | $115,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,916 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,648 |
| Fees for services: Accounting | $30,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,447 |
| Office expenses | $10,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $635 |
| Insurance | $6,777 |
| All other expenses | $39,085 |
| Total functional expenses | $1,072,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,796 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,271,100 |
| Total assets | $1,889,561 |
| Accounts payable and accrued expenses | $45,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,484 |
| Net assets without donor restrictions | $1,638,576 |
| Net assets with donor restrictions | $205,501 |
| 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 | $1,889,561 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Brooklyn Rail Inc has recieved totaling $350,600.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $50,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Andrea Frank Foundation Inc New York, NY PURPOSE: SUPPORT OF VIDEO AND FILM DEPARTMENT STAFF AND NEW CONTENT PRODUCTION | $30,000 |
Deborah Buck Foundation New York, NY PURPOSE: TO FURTHER ITS CHARITABLE PURPOSES | $25,000 |
Helen Frankenthaler Foundation Inc New York, NY PURPOSE: 2021 COVID-19 RELIEF | $25,000 |
Endowment Analysis
| Beg. Balance | $40,000 |
| Net Contributions | $1,270,100 |
| Ending Balance | $1,310,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witf Inc Harrisburg, PA | $54,156,408 | $17,466,259 |
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Wqed Multimedia Pittsburgh, PA | $26,860,609 | $15,875,013 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Movement Alliance Project Philadelphia, PA | $7,765,411 | $9,112,322 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |