Carole L Brookins First Alliance Foundation
- Assets
- $3.1m
- Revenue
- $907.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-5433738
Organization Overview
Carole L Brookins First Alliance Foundation is located in New York, NY. The organization was established in 2019. 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. Carole L Brookins First Alliance Foundation 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 12/2023, Carole L Brookins First Alliance Foundation generated $907.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Goodman-Comp2022 President & Board Chair | 7.5 | $100,000 | |
Richard Sandor Board Member | 1 | $0 | |
Mary Elizabeth Backof-Comp2022 Treasurer & Board Member | 7.5 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $38,986 |
| Dividends & Interest | $33,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,594 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $402,009 |
| Total Revenue | $907,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,448 |
| Depreciation | $0 |
| Occupancy | $3,220 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,257 |
| Total operating and administrative expenses | $311,234 |
| Contributions, gifts, grants paid | $1,377,289 |
| Total expenses and disbursements | $1,688,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,119,784 |
| Net Accounts receivable | $0 |
| 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 | $3,119,784 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Carole L Brookins First Alliance Foundation has awarded $1,377,289 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR FINANCIAL STABILITY PURPOSE: GENERAL CHARITABLE PURPOSES | $877,289 |
CENTER FOR FINANCIAL STABILITY PURPOSE: GENERAL CHARITABLE PURPOSES | $500,000 |