New England Society In The City Of Brooklyn
- Assets
- $551.4k
- Revenue
- $131.2k
- Investments
- $445.5k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 11-6036708
Organization Overview
New England Society In The City Of Brooklyn is located in Brooklyn, NY. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. New England Society In The City Of Brooklyn 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 12/2022, New England Society In The City Of Brooklyn generated $131.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $84.5k during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 5 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 2020, New England Society In The City Of Brooklyn has awarded 56 individual grants totaling $266,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED ON BEHALF OF STUDENTS FROM BROOKLYN ATTENDING COLLEGES IN NEW ENGLAND
CONTRIBUTION TO CENTER FOR BROOKLYN HISTORY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Brooks Director | 0.5 | $0 | |
John S Gillespie Director | 0 | $0 | |
Joseph P Whitaker II Director | 1 | $0 | |
Kate Pennell Director | 1 | $0 | |
William R Everdell Secretary | 2 | $0 | |
Ira Simmonds Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,616 |
| Interest on Savings | $718 |
| Dividends & Interest | $19,806 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,878 |
| Capital Gain Net Income | $106,878 |
| Net ST Capital Gain | $2,814 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,148 |
| Total Revenue | $131,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,306 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,215 |
| Total operating and administrative expenses | $17,462 |
| Contributions, gifts, grants paid | $67,000 |
| Total expenses and disbursements | $84,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,074 |
| Savings and temporary cash investments | $95,300 |
| Net Accounts receivable | $458 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $551,380 |
| Accounts payable and accrued expenses | $822 |
| 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 | $0 |
| Total liabilities | $822 |
Grants Awarded
Over the last fiscal year, New England Society In The City Of Brooklyn has awarded $66,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CONNECTICUT PURPOSE: SCHOLARSHIP FOR ARIANNA LANZO | $6,000 |
BOSTON COLLEGE PURPOSE: SCHOLARSHIP FOR CHRISTOPHER COAD | $6,000 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP FOR MIKAYLA KENNEDY | $6,000 |
YALE UNIVERSITY PURPOSE: SCHOLARSHIP FOR JAMIE LEE NICOLAS | $6,000 |
Cambridge, MA PURPOSE: SCHOLARSHIP FOR ANIESHA DYCE | $6,000 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIP FOR LUKAS KENBNEDY | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |