2023-10-10T10:25:22-05:00 2022-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2022-01-01 112145956 BROOKLYN ALLIANCE INC BROO 7188751000 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 RANDOLPH PEERS PRESIDENT & CEO 7188751000 2023-10-10 1 RANDOLPH PEERS 999009999 0 MIKE SCHALL P02024184 2122682804 2023-09-28 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDOLPH PEERS 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 5996990 0 X WWW.BROOKLYNCHAMBER.COM X 1968 NY PROMOTE AND MONITOR COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS THROUGHOUT BROOKLYN, NEW YORK. 16 15 46 15 0 0 3482075 5875237 0 0 0 0 3584 29898 3485659 5905135 25000 93500 0 0 2086738 2914790 0 0 105675 1139635 3225869 3251373 6234159 234286 -329024 1511796 5411345 737289 4965862 774507 445483 X THE PURPOSE OF THE BROOKLYN ALLIANCE, INC. IS TO LEVERAGE BROOKLYN CHAMBER OF COMMERCE, INC. RESOURCES IN ORDER TO PROMOTE ECONOMIC, COMMUNITY, BUSINESS AND WORKFORCE DEVELOPMENT AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE BOROUGH OF BROOKLYN, NEW YORK. 0 0 4143606 93500 COMMUNITY/ECONOMIC DEVELOPMENT - THROUGH A COMBINATION OF ORGANIZATION FUNDS, CORPORATE CONTRIBUTIONS AND GOVERNMENT GRANTS, THE ORGANIZATION MAINTAINS VARIOUS COMMUNITY PROGRAMS TO IMPROVE BROOKLYN'S QUALITY-OF-LIFE & STIMULATE ITS ECONOMY. 488450 BUSINESS SOLUTION CENTER - AN INITIATIVE OF NYC DEPARTMENT OF SMALL BUSINESSES (SBS) TO PROMOTE THE DEVELOPMENT AND ECONOMIC WELL-BEING OF GROWING BUSINESSES BY ANSWERING QUESTIONS, OFFERING CLASSES, AND ASSISTING WITH OBTAINING LOANS AND LEVERAGING GOVERNMENT AND COMMUNITY RESOURCES. 116093 BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS. 31513 GOOD HELP PROGRAM - AN EMPLOYMENT SERVICE OFFERED TO BROOKLYN BUSINESSES. THIS PROGRAM PROVIDES ACCESSIBILITY TO OPEN-SOURCE JOB BANK AND JOBSEEKERS THAT ARE LOOKING FOR WORK. GOOD HELP HAS MORE THAN 15 YEARS OF EXPERIENCE CONNECTING TO THE PUBLIC WORKFORCE SYSTEM AND NOT-FOR-PROFIT TRAINING PROVIDERS TO COMMUNICATE THE NEEDS OF INDUSTRIES. 347018 EVENTS AND ACTIVITIES TO FOSTER NETWORKING BETWEEN AND PROVIDE TOPICAL BUSINESS INFORMATION TO MEMBERS AND NON-MEMBERS OF THE BROOKLYN COMMUNITY AND TO GIVE COMMUNITY RECOGNITION TO OUTSTANDING INDIVIDUALS AND BUSINESSES. INCLUDED IN THE EVENTS IS AN ANNUAL BLACK HISTORY MONTH CELEBRATION THAT HONORS THE CONTRIBUTIONS MADE TO THE BOROUGH BY DISTINGUISHED AFRICAN AMERICANS. 378531 5126680 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 58 0 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X CHANDRABAN MOTILALL 7188751000 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 RANDOLPH PEERS PRESIDENT & CEO 17.00 23.00 X X 128164 177327 0 ANA OLIVERIRA CHAIR 5.00 1.00 X X 0 0 0 PASQUALE PATRONE TREASURER 5.00 1.00 X X 0 0 0 SUSAN DOBAN SECRETARY 5.00 1.00 X X 0 0 0 ANTONIA YUILLE-WILLIAMS MEMBER (RESIGNED 12/31/22) 1.00 X 0 0 0 EVELYN ORTIZ MEMBER 1.00 X 0 0 0 KENNETH MBONU MEMBER 1.00 X 0 0 0 LARA BIRNBACK MEMBER 1.00 X 0 0 0 LOUIE LIU MEMBER 1.00 X 0 0 0 PATRICK DUGAN MEMBER 1.00 X 0 0 0 REGINA MYER MEMBER 1.00 X 0 0 0 STEVE COHEN MEMBER 1.00 X 0 0 0 TOBY MOSKOVITS MEMBER 1.00 X 0 0 0 GIL CYGLER MEMBER 1.00 X 0 0 0 JASON A MUSS MEMBER 1.00 X 0 0 0 TIFFANY JOY MURCHISON MEMBER 1.00 X 0 0 0 PATRICIA RAMSEY MEMBER 1.00 X 0 0 0 CHANDRABAN MOTILALL CFO 32.00 8.00 X 117304 29988 11401 RICHARD RUSSO COO 31.00 9.00 X 109082 34486 7200 354550 241801 18601 3 0 1 0 0 76463 5174014 624760 5875237 91855 76463 91855 0 OTHER INCOME 900099 29898 29898 29898 5905135 29898 0 0 X 93500 93500 135648 46807 54929 33912 2363756 1877274 448748 37734 195859 150775 39468 5616 219527 168997 44238 6292 73558 73558 2265286 2164612 99175 1499 94522 86938 5856 1728 42541 32750 8572 1219 424347 326669 85515 12163 14054 11075 2979 57019 54140 2879 35605 35605 23362 23362 90528 69689 18244 2595 EQUIPMENT AND MAINTAINE 42563 42438 125 OTHER 32165 32165 BAD DEBT EXPENSE 29000 29000 POSTAGE AND SHIPPING 1319 1016 265 38 6234159 5126680 1001804 105675 155757 497120 1283351 1882654 49836 290036 240134 72688 49902 0 2931833 1511796 5411345 307358 410911 14042 161811 415889 4393140 737289 4965862 X 294874 280316 479633 165167 774507 445483 1511796 5411345 -329024 0 X 0 1 X 1 0 X 3381038 2756103 2713462 3482075 5875237 18207915 3381038 2756103 2713462 3482075 5875237 18207915 1410309 16797606 28 14 42 9778 73204 82352 3584 29898 198816 18406773 2086024 0.91260 0.89470 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 9,778. 2019 AMOUNT: $ 73,204. 2020 AMOUNT: $ 82,352. 2021 AMOUNT: $ 3,584. 2022 AMOUNT: $ 29,898. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12178 12178 0 243508 193606 49902 34350 34350 0 49902 OPERATING LEASE RIGHT-OF-USE ASSET 2931833 2931833 DUE TO AFFILIATES 811062 DEFERRED RENT 3261569 GRANT ADVANCES 320509 4393140 X 5905135 0 5905135 0 5905135 6234159 0 6234159 0 6234159 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2019 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. X X 0 0 0 0 0 0 0 0 0 RANDOLPH PEERS PRESIDENT & CEO 128164 177327 0 0 0 0 0 0 0 0 128164 177327 0 0 CHANDRABAN MOTILALL CFO 117304 29988 0 0 0 0 0 0 11401 0 128705 29988 0 0 RICHARD RUSSO COO 109082 34486 0 0 0 0 0 0 7200 0 116282 34486 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS (BOD) DELEGATES THE AUTHORITY TO REVIEW AND APPROVE THE PREPARED FORM 990 TO THE PRESIDENT/CEO AND SENIOR VP/CFO. ONCE APPROVED, COPIES ARE PROVIDED TO MEMBERS OF THE EXECUTIVE COMMITTEE PRIOR TO FILING AND ARE MADE AVAILABLE TO THE REMAINING BOARD MEMBERS UPON REQUEST AFTER FILING. THE AUDIT & FINANCE COMMITTEE REVIEW THE 990 BEFORE THEY ARE FILED FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUESTS ALL NEW EXISTING BOARD MEMBERS TO DISCLOSE ANNUALLY ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD PERFORMS AN ANALYSIS OF THE PRESIDENT'S COMPENSATION PACKAGE ANNUALLY AND APPROVES. THIS IS DOCUMENTED IN THE MINUTES TO THE BOARD MEETING WHERE THE EXECUTIVE COMMITTEE RECOMMENDS THE COMPENSATION FOR BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,164,612. MANAGEMENT AND GENERAL EXPENSES 99,175. FUNDRAISING EXPENSES 1,499. TOTAL EXPENSES 2,265,286. BROOKLYN CHAMBER OF COMMERCE INC 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 110577070 PROMOTE WELFARE OF NYC NY 501(C)(6) 0 BROOKLYN ALLIANCE CAPITAL INC 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 815483293 MICRO-LOAN PROGRAM NY 501(C)(3) LINE 7 BROOKLYN CHAMBER OF COMMERCE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 BROOKLYN CHAMBER OF COMMERCE INC N 424347 BROOKLYN CHAMBER OF COMMERCE INC O 2914790 BROOKLYN ALLIANCE CAPITAL INC O 122133