2024-11-05T09:56:41-06:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 112145956 BROOKLYN ALLIANCE INC BROO 7188751000 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 RANDOLPH PEERS PRESIDENT & CEO 7188751000 2024-11-05 1 0 MIKE SCHALL P02024184 2122682804 2024-11-04 2023 2024-10-15 13:58:12Z RANDOLPH PEERS 253 36TH STREET MAILBOX UNIT 17 BROOKLYN NY 11232 6483102 0 X WWW.BROOKLYNCHAMBER.COM X 1968 NY PROMOTE AND MONITOR COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS THROUGHOUT BROOKLYN, NEW YORK. 17 16 49 16 0 0 5875237 6039996 0 0 0 0 29898 160491 5905135 6200487 93500 151000 0 0 2914790 3295534 0 0 436528 3225869 2740724 6234159 6187258 -329024 13229 5411345 4905278 4965862 4446566 445483 458712 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 3497530 126000 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. 534246 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. 232922 BROOKLYN GOES GLOBAL - CREATES AND ENHANCES JOB AND ECONOMIC DEVELOPMENT IN BROOKLYN BY PROMOTING DOMESTIC AND INTERNATIONAL TRADE PARTNERSHIPS. 127100 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. 396340 25000 160235 BROOKLY MADE STORE - THE MISSION OF THE BROOKLYN MADE STORES ARE TO IDENTIFY AND PROMOTE DESIGNERS, MAKERS, AND ENTREPRENEURS, MOSTLY OF COLOR, WHO EMBODY THE ESSENCE OF WHAT IT MEANS TO BE BROOKLYN, AS REPRESENTED THROUGH THEIR UNIQUE PRODUCTS. 523440 25000 160235 4788138 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 49 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 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 22.00 18.00 X X 188712 151871 24425 ANA OLIVERIRA CHAIR 4.00 5.00 X X 0 0 0 PASQUALE PATRONE TREASURER 4.00 5.00 X X 0 0 0 SUSAN DOBAN SECRETARY 4.00 5.00 X X 0 0 0 GREGORY ANDERSON MEMBER 1.00 X 0 0 0 LARA BIRNBACK MEMBER 1.00 X 0 0 0 STEVE COHEN MEMBER 1.00 X 0 0 0 PATRICK DUGAN MEMBER 1.00 X 0 0 0 GIL CYGLER MEMBER 1.00 2.00 X 0 0 0 JOHARI JENKINS MEMBER 1.00 X 0 0 0 LOUIE LIU MEMBER 1.00 X 0 0 0 KENNETH MBONU MEMBER 1.00 X 0 0 0 TOBY MOSKOVITS MEMBER 1.00 X 0 0 0 TIFFANY JOY MURCHISON MEMBER 1.00 X 0 0 0 REGINA MYER MEMBER 1.00 X 0 0 0 EVELYN ORTIZ MEMBER 1.00 X 0 0 0 DR PATRICIA RAMSEY MEMBER 1.00 X 0 0 0 JASON MUSS MEMBER (LEFT 2023) 1.00 X 0 0 0 CHANDRABAN MOTILALL CFO 33.00 7.00 X 126964 26420 14118 RICHARD RUSSO COO 28.00 12.00 X 103834 46527 9915 AVRAHAM LESCHES GLOBAL AFFAIRS MANAGER 40.00 X 100446 0 0 DINA RABINER VP OF ECONOMIC DEVELOPMENT 40.00 X 126281 0 0 GORDON SCOTT DIRECTOR, BSC 40.00 X 106788 0 0 KATHIE LEE EVP & GENERAL COUNSEL 36.00 4.00 X 185324 23212 0 MARK CASERTA VP OF SMALL BUSINESS SUPPORT 40.00 X 137903 0 0 1076252 248030 48458 8 0 1 0 MANHATTAN CHAMBER OF COMMERCE INC 12 EAST 49TH STREET NEW YORK NY 10017 ECONOMIC DEVELOPMENT 283662 QUUENS CHAMBER OF COMMERCE INC 75-20 ASTORIA BLVD EAST ELMHURST NY 11370 ECONOMIC DEVELOPMENT 244087 BRONX CHAMBER OF COMMERCE INC 1200 WATERS PLACE BRONX NY 10461 ECONOMIC DEVELOPMENT 185488 STATEN ISLAND CHAMBER OF COMMERCE INC 2555 RICHMOND AVE STATEN ISLAND NY 10314 ECONOMIC DEVELOPMENT 174938 4 184030 5410675 445291 6039996 101745 184030 101745 0 341105 180870 160235 160235 OTHER REVENUE 900099 256 256 256 6200487 160235 0 256 X 65000 65000 86000 86000 348689 98826 195788 54075 2564079 1992570 317268 254241 146676 120994 13353 12329 236090 170727 40620 24743 47848 47848 30500 30500 1347491 1301049 46442 165677 159638 6039 151274 109311 41963 37219 26915 6403 3901 451397 326420 77668 47309 72007 64031 1182 6794 185949 163385 751 21813 6527 6527 18592 18592 103769 75039 17854 10876 DUES AND SUBSCRIPTION 54353 54353 BANK FEES 31753 31753 EQUIPMENT AND MAINTAINE 25150 25150 BAD DEBT EXPENSE 6270 6270 4948 3083 1418 447 6187258 4788138 962592 436528 497120 237425 1882654 1815961 93469 49836 32048 314586 258726 49902 55860 2931833 2670515 5411345 4905278 410911 487832 52822 161811 224817 4393140 3681095 4965862 4446566 X 280316 358712 165167 100000 445483 458712 5411345 4905278 13229 0 X 0 1 X 1 1 1 X 2756103 2713462 3482075 5875237 6039996 20866873 2756103 2713462 3482075 5875237 6039996 20866873 1357321 19509552 73204 82352 3584 29898 256 189294 21056167 2427129 0.92650 0.91260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 73,204. 2020 AMOUNT: $ 82,352. 2021 AMOUNT: $ 3,584. 2022 AMOUNT: $ 29,898. 2023 AMOUNT: $ 256. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18678 12828 5850 125770 91630 34140 170138 154268 15870 55860 OPERATING LEASE RIGHT-OF-USE ASSET 2670515 2670515 DUE TO AFFILIATES 564144 OPERATING LEASE 3015074 GRANT ADVANCES 101877 3681095 X 6381357 180870 180870 6200487 0 6200487 6368128 180870 180870 6187258 0 6187258 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, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOOD SOLD 180,870. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOOD SOLD 180,870. ENERGY SUMMIT 108670 52420 56250 44517 BEST OF BROOKLYN 177105 131610 45495 57228 285775 184030 101745 101745 101745 0 1 BONAFIDE OPTICIANS OF AVENUE L INC 9508 AVENUE L BROOKLYN NY 11236 113188912 5000 0 STORM DAMAGE GRANT LAKOU BRANDS LLC 1263 SAINT MARKS PLACE BROOKLYN NY 11213 821567185 5000 0 STORM DAMAGE GRANT FAFA'S KITCHEN 1140 UTICA AVENUE BROOKLYN NY 11203 882604244 5000 0 STORM DAMAGE GRANT STAUBITZ MEAT MARKET 222 COURT STREET BROOKLYN NY 11201 112216842 5000 0 STORM DAMAGE GRANT KENTE CONES LLC 205 ROCKAWAY AVENUE BROOKLYN NY 11580 873491114 15000 0 STORM DAMAGE GRANT BOBBI ROSE LLC 405 WESTMINISTER ROAD BROOKLYN NY 11218 320596155 7500 0 STORM DAMAGE GRANT CITYWIDE DESIGN CORP 53-16 37TH ROAD BROOKLYN NY 11387 862903938 5000 0 STORM DAMAGE GRANT WIN PARKWAY INC 6812 BAY PARKWAY BROOKLYN NY 11204 830934710 2500 0 STORM DAMAGE GRANT MERMAID PRIME MEAT CORP 1610 MERMAID AVENUE BROOKLYN NY 11224 760748556 2500 0 STORM DAMAGE GRANT RED HOOK ART PROJECT 291 VAN BRUNT STREET BROOKLYN NY 11231 266658925 2500 0 STORM DAMAGE GRANT MS FAT MEAT MARKET 353 KNICKERBOKER AVENUE BROOKLYN NY 11237 852456455 2500 0 STORM DAMAGE GRANT HNR DELI GROCERY CORP 1223 CHESTNUT AVENUE BROOKLYN NY 11218 463438137 2500 0 STORM DAMAGE GRANT LA NUEVA BAKERY GROCERY CORP 1114 CORTELGOA ROAD BROOKLYN NY 11218 451779010 2500 0 STORM DAMAGE GRANT YU KING BAKERY INC 2335 86TH STREET BROOKLYN NY 11214 202401755 2500 0 STORM DAMAGE GRANT 14 SCHOLARSHIP 19 86000 PART I, LINE 2: AUDITING DOCUMENTATION FOR GRANTS REQUIRE PURCHASE ORDER SUBMITTED TO APPROVED VENDOR AND AN INVOICE FROM APPROVED VENDOR X X 0 0 0 0 0 0 0 0 0 RANDOLPH PEERS PRESIDENT & CEO 188712 151871 0 0 0 0 0 0 24425 0 213137 151871 0 0 KATHIE LEE EVP & GENERAL COUNSEL 185324 23212 0 0 0 0 0 0 0 0 185324 23212 0 0 CHANDRABAN MOTILALL CFO 126964 26420 0 0 0 0 0 0 14118 0 141082 26420 0 0 RICHARD RUSSO COO 103834 46527 0 0 0 0 0 0 9915 0 113749 46527 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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 CONSULTANTS: PROGRAM SERVICE EXPENSES 1,301,049. MANAGEMENT AND GENERAL EXPENSES 46,442. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,347,491. 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 451397 COST BROOKLYN CHAMBER OF COMMERCE INC O 3295534 COST BROOKLYN ALLIANCE CAPITAL INC O 82301 COST