Brooklyn Law School
- Assets
- $395.6m
- Revenue
- $73.6m
- Investments
- $70.6m
- Employees
- 912
- Location
- Brooklyn, NY
- Founding
- 01/1973
- Data as of
- 06/2021
- 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 06/2021, Brooklyn Law School employed 912 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 06/2021, Brooklyn Law School generated $73.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $81.7m during the year ending 06/2021. 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
2021
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 2020/2021, ENROLLMENT WAS APPROXIMATELY 1,162.
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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 | $438,561 |
Aaron Twerski Professor Of Law | 40 | $345,365 | |
Linda S Harvey COO & Chief Of Staff-(retired) | 40 | $304,527 | |
Anita Bernstein Professor Of Law | 40 | $300,371 | |
Stacy Caplow Associate Dean Of Experiential Education/prof. Of Law | Officer | 40 | $296,772 |
Mark C Hampton Evp For Administration And Finance & Cbo | Officer | 40 | $293,524 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triangle Services Cleaning Services | 6/29/21 | $659,026 |
Hbr Managed Services Llc It Services | 6/29/21 | $977,453 |
Idesignedu Llc Software Development & Design | 6/29/21 | $498,500 |
Allied Printing Services Printing And Design | 6/29/21 | $222,739 |
Watch Guard 247 Llc Public Safety Services | 6/29/21 | $282,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,292,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,623,956 |
| Noncash contributions included in lines 1a–1f | $91,410 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,916,005 |
| Total Program Service Revenue | $61,323,084 |
| Investment income | $3,717,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,784,287 |
| Net Gain/Loss on Asset Sales | $2,419,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,619,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,084,089 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,930,359 |
| Compensation of current officers, directors, key employees. | $2,930,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,102,817 |
| Pension plan accruals and contributions | $1,785,783 |
| Other employee benefits | $3,905,494 |
| Payroll taxes | $1,740,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,798 |
| Fees for services: Accounting | $145,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $279,027 |
| Fees for services: Other | $1,160,007 |
| Advertising and promotion | $152,746 |
| Office expenses | $475,926 |
| Information technology | $2,524,811 |
| Royalties | $0 |
| Occupancy | $3,937,806 |
| Travel | $29,590 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,889 |
| Interest | $1,564,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,504,352 |
| Insurance | $432,816 |
| All other expenses | $329,196 |
| Total functional expenses | $81,722,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,596 |
| Savings and temporary cash investments | $11,210,256 |
| Pledges and grants receivable | $1,156,913 |
| Accounts receivable, net | $860,500 |
| 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 | $781,387 |
| Net Land, buildings, and equipment | $89,278,093 |
| Investments—publicly traded securities | $195,279,954 |
| Investments—other securities | $70,611,078 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,458,908 |
| Total assets | $395,638,685 |
| Accounts payable and accrued expenses | $6,057,270 |
| Grants payable | $0 |
| Deferred revenue | $777,695 |
| Tax-exempt bond liabilities | $37,342,535 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,305,287 |
| Total liabilities | $103,982,787 |
| Net assets without donor restrictions | $238,480,597 |
| Net assets with donor restrictions | $53,175,301 |
| 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 | $395,638,685 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brooklyn Law School has recieved totaling $700.
| Awarding Organization | Amount |
|---|---|
Fein Ross Family Foundation New York, NY PURPOSE: LAW SCHOOL PROGRAMS | $500 |
John G & Anna Maria Troiano Foundation Inc Longboat Key, FL PURPOSE: UNRESTRICTED CONTIBUTION | $200 |
Endowment Analysis
| Beg. Balance | $224,132,779 |
| Earnings | $56,990,447 |
| Net Contributions | $2,652,879 |
| Other Expense | $9,941,692 |
| Ending Balance | $273,834,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,998,877,330 | $374,201,406 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $181,055,167 | $168,282,211 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |