Brooklyn Law School
- Assets
- $357.0m
- Revenue
- $83.4m
- Investments
- $79.0m
- Employees
- 1,031
- Location
- Brooklyn, NY
- Founding
- 01/1973
- Data as of
- 06/2022
- EIN
- 23-7227990
Organization Overview
Brooklyn Law School is located in Brooklyn, NY. The organization was established in 1973. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Brooklyn Law School employed 1,031 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Law School 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 06/2022, Brooklyn Law School generated $83.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $87.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR COMPLETE NARRATIVE
Describe the Organization's Program Activity:
THE EDUCATION OF STUDENTS IN PREPARATION FOR THE LEGAL PROFESSION. IN THE FALL OF ACADEMIC YEAR 2021/2022, ENROLLMENT WAS APPROXIMATELY 1,184.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael T Cahill President Joseph Crea Dean/professor Of Law | Officer | 40 | $426,370 |
Aaron Twerski Professor Of Law | 40 | $324,223 | |
Stacy Caplow Associate Dean Of Experiential Education/prof. Of Law | Officer | 40 | $288,367 |
Mark C Hampton Evp For Admin & Finance & Cbo (until Mar. 2022) | Officer | 40 | $283,589 |
Edward Janger Associate Dean Professor Of Law | 40 | $287,424 | |
William Araizaformer Vice Dean Academic Affairs & Professor Of Law | 40 | $281,483 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hbr Managed Services Llc It Services And Support | 6/29/22 | $2,007,250 |
Watch Guard 247 Llc Security/campus Safety Services | 6/29/22 | $426,160 |
Triangle Services Cleaning Services | 6/29/22 | $453,797 |
Empire Hudson Inc Contactor - Painters | 6/29/22 | $261,182 |
Administrative Resource Options Mailroom & Copy Room Services | 6/29/22 | $198,161 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,419,121 |
| Noncash contributions included in lines 1a–1f | $253,597 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,885,293 |
| Total Program Service Revenue | $69,798,824 |
| Investment income | $4,387,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,948,226 |
| Net Gain/Loss on Asset Sales | $2,122,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,409,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,786,106 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,145,390 |
| Compensation of current officers, directors, key employees. | $3,145,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,841,480 |
| Pension plan accruals and contributions | $1,817,913 |
| Other employee benefits | $4,864,697 |
| Payroll taxes | $1,717,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $322,735 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $206,659 |
| Fees for services: Other | $1,975,566 |
| Advertising and promotion | $155,082 |
| Office expenses | $319,819 |
| Information technology | $2,649,153 |
| Royalties | $0 |
| Occupancy | $4,516,156 |
| Travel | $123,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $627,665 |
| Interest | $1,580,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,496,271 |
| Insurance | $533,625 |
| All other expenses | $1,271,873 |
| Total functional expenses | $87,374,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,796 |
| Savings and temporary cash investments | $8,463,593 |
| Pledges and grants receivable | $915,081 |
| Accounts receivable, net | $361,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $948,602 |
| Net Land, buildings, and equipment | $84,287,194 |
| Investments—publicly traded securities | $158,413,059 |
| Investments—other securities | $78,991,942 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,582,387 |
| Total assets | $356,965,207 |
| Accounts payable and accrued expenses | $7,261,868 |
| Grants payable | $0 |
| Deferred revenue | $757,551 |
| Tax-exempt bond liabilities | $37,119,652 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,218,699 |
| Total liabilities | $96,357,770 |
| Net assets without donor restrictions | $211,517,471 |
| Net assets with donor restrictions | $49,089,966 |
| 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 | $356,965,207 |