2025-05-15T09:57:10-07:00 2024-06-30 810926770 NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS 40 WALL ST 32ND FL NEW YORK NY 10005 990 2023-07-01 113306111 BUSINESS OUTREACH CENTER NETWORK INC BUSI 7186249115 85 SOUTH OXFORD STREET BROOKLYN NY 11217 NANCY CARIN Executive Director 2025-05-15 true true NINA BAHAZHEVSKA P00468170 2127850100 2023 2025-03-06 01:10:19Z NANCY CARIN 4820833 false X WWW.BOCNET.ORG X 1996 NY TO ECONOMICALLY EMPOWER INDIVIDUALS AND CREATE JOBS IN LOW-INCOME COMMUNITIES. 13 11 59 15 0 3798129 4725731 41927 82665 12437 18924 0 3858980 4820833 354145 396076 0 2826875 3234247 0 19754 674992 752329 3856012 4382652 2968 438181 4156439 4495997 1155638 1057015 3000801 3438982 Business Outreach Center Network's mission is to improve the economic prospects of traditionally underserved groups, with a focus on low- and moderate-income entrepreneurs and their communities, and thereby create genuinely brighter futures. false false 3261602 MICROENTERPRISE AND MINORITY BUSINESS DEVELOPMENT PROGRAMS - PROVIDE BUSINESS SERVICES TO UNDER-SERVED ENTREPRENEURS, ACCESS TO CONTRACTS AND FINANCING AND CAPACITY-BUILDING SERVICES TO ORGANIZATIONS. 432253 INDUSTRIAL BUSINESS SERVICES PROGRAMS - PROVIDES ASSISTANCE FOR SMALL AND MEDIUM-SIZED INDUSTRIAL, MANUFACTURING, TRANSPORTATION AND CONSTRUCTION FIRMS IN NEW YORK CITY, WITH A SPECIAL FOCUS ON SUPPORTING AND IMPROVING THE QUEENS CENTRAL AND BROOKLYN EAST INDUSTRIAL BUSINESS ZONES AND SUPPORT EQUITABLE INDUSTRIAL DEVELOPMENT. 3693855 true true false true false false false false false false true false false true true true false true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 28 0 true 59 true false false false false false false false 0 false false false false false false false X 13 11 false false false false false true true true true false true true true true true true true true true true false NY X X X ELENA ZIKUSS 7186249115 85 SOUTH OXFORD STREET BROOKLYN NY 11217 Nancy Carin Exec. Director 21.00 19.00 X X 241962 0 35885 ELENA ZIKUSS CFO 32.00 8.00 X 165792 0 40343 RODNEY SANTIAGO CPO 18.00 22.00 X 133760 0 33425 Roxanne Neilson Program director 40.00 0.00 126580 0 29076 LAUREN EVANS Sr program manager 3.00 37.00 100812 0 26788 ALEXANDR MESONZHNIK SR ACCOUNT MANAGER 16.00 24.00 108080 0 18073 JOHN FRIAS Sr program manager 40.00 0.00 89625 0 34002 QUINCY ELY-CATE Program Director 40.00 0.00 91400 0 29701 Delia Awusi Program Director 40.00 0.00 91900 0 22840 LESLIE WINTER Board emeritus 1.50 2.60 X X 0 0 0 Gregory J Libertiny Chairman 1.50 1.60 X X 0 0 0 Walter Sweet Director 0.50 0.50 X 0 0 0 MICHAEL MUELLER Secretary 0.50 1.00 X X 0 0 0 DANIEL LIU Director 0.10 0.20 X 0 0 0 Erika Wesley Director 0.10 0.10 X 0 0 0 BIJAL N VIRA Director 0.10 0.10 X 0 0 0 Yiye Charles Zhou Director 0.10 0.10 X 0 0 0 KUNAL VERMA Treasurer 1.50 1.60 X X 0 0 0 DAVID ACEVEDO Director 0.10 1.10 X 0 0 0 Eileen V Thornton Director 0.10 0.10 X 0 0 0 Victor Salama Member Director 0.10 0.10 X 0 0 0 John Rooney Director 0.10 0.10 X 0 0 0 1149911 270133 9 false true false 0 3523616 1202115 4725731 Loan Program Interest 522291 1603 1603 Program Service 900099 81062 81062 82665 12437 12437 0 0 0 0 0 0 0 0 4820833 82665 12437 379576 379576 16500 16500 0 0 398152 174707 213800 9645 0 2254642 1939265 306063 9314 0 432453 430726 1727 149000 134667 14085 248 238347 238040 307 0 0 36000 36000 0 0 80781 38328 42453 0 0 0 0 234514 222555 11714 245 34052 33808 234 10 0 0 7625 7625 0 10155 10155 28432 17845 10526 61 Supplies, printing and postage 51964 48526 3306 132 Other 20138 14684 5400 54 Equipment rental and maintenan 8910 4628 4237 45 Bank charges 1411 1411 0 4382652 3693855 669043 19754 2046548 752484 387984 1245624 1873917 0 0 0 334860 312778 0 36752 46078 40277 14125 26495 26152 0 0 187498 187498 0 278662 909106 4156439 4495997 192779 569287 509325 122645 250000 250000 203534 115083 1155638 1057015 X 2128803 2324587 871998 1114395 3000801 3438982 4156439 4495997 438181 X false true X true true true X 3933026 4318230 5165711 3798129 4725731 21940827 0 0 3933026 4318230 5165711 3798129 4725731 21940827 2733409 19207418 13724 16551 1836 9487 14040 55638 0 11696 50 18924 30670 22027135 894385 0.87200 0.99740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 36000 false false 36000 false false 40277 14125 26152 26152 Wash Cycle Laundry Inc 187498 C INTERCOMPANY RECEIVABLE 779039 INTEREST RECEIVABLE 16000 RIGHT OF USE ASSETS - OPERATING LEASES 114067 909106 Lease Liabilities - operating leases 115083 115083 X 4908898 88065 88065 4820833 4820833 4470717 88065 88065 4382652 4382652 Part X : FIN48 Footnote BUSINESS OUTREACH CENTER NETWORK, INC. IS EXEMPT FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. BUSINESS OUTREACH CENTER NETWORK, INC. HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND STATE JURISDICTIONS WHERE IT OPERATES. BUSINESS OUTREACH CENTER NETWORK, INC. DO NOT ANTICIPATE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2021 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. true BOC Capital Corp 85 south oxford street Brooklyn NY 11217 113596666 501(c)(3) 63000 0 JM Chase Ascend BOC Development Corporation 85 south oxford street brooklyn NY 11217 202660238 501(c)(3) 10000 0 JM Chase Ascend CHINATOWN MANPOWER PROJECT 55 CHRYSTIE STREET NEW YORK NY 10002 132755214 501(c)(3) 31320 12000 FMV Space for Training & TA Prime and JTBO Columbia University 410 West 118th Street New York NY 10027 135598093 501(c)(3) 266650 0 Ascend NYC and MBDA CRP West Brighton Community LDC 705 forest avenue staten island NY 10310 133046424 501(c)(3) 29381 34000 FMV Space for training & TA WBC 5 0 WBC Grant 3 3500 EAC Grant 3 4000 Verizon Pitch Competition Grant 2 9000 true X X X X false false false false false false false false false ELENA ZIKUSS CFO 165792 4200 36143 206135 Nancy Carin Exec. Director 241962 5700 30185 277847 RODNEY SANTIAGO CPO 133760 4315 29110 167185 Roxanne Neilson Program director 126580 3800 25276 155656 Kunal Verma Board Treasurer 2933 Staffing Service false Schedule L, Part V Supplemental Information (A) NAME OF PERSON: KUNAL VERMA(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:Board Treasurer(D) DESCRIPTION OF TRANSACTION: The organization entered into a contract with Arabella Financial LLC owned by a Board Treasurer Kunal Verma to provide staffing services Form 990, Part VI, Section A, Line 7a THE BOARD OF DIRECTORS HAS TWO CLASSES OF MEMBERS; SEATED DIRECTORS ARE ELECTED AS FOLLOWS: THE BOARD OF DIRECTORS NOMINATES POTENTIAL NEW SEATED DIRECTORS. POTENTIAL SEATED DIRECTORS ARE INTERVIEWED AND SCREENED BY THE EXECUTIVE COMMITTEE. POTENTIAL SEATED DIRECTORS ARE VOTED ON BY THE FULL BOARD. IT TAKES A SIMPLE MAJORITY OF VOTES TO APPROVE THE NOMINEE. SPONSOR DIRECTORS ARE ELECTED AS FOLLOWS: SPONSOR MEMBERS OF THE CORPORATION NOMINATE POTENTIAL NEW SPONSOR DIRECTORS, WHOSE NOMINATION AND BIO ARE DISSEMINATED TO SPONSOR 8. MEMBERS OF THE CORPORATION. EACH SPONSOR MEMBER HAS TWO VOTES FOR UP TO TWO SPONSOR DIRECTORS. TWO POTENTIAL SPONSOR DIRECTORS RECEIVING THE MOST VOTES ARE ELECTED TO THE BOARD. Form 990, Part VI, Section A, Line 7b A MAJORITY OF THE ENTIRE BOARD CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. AT ANY MEETING OF THE BOARD AT WHICH A QUORUM IS PRESENT, THE VOTE IS CONSIDERED TO BE THE ACT OF THE BOARD. ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN BY THE BOARD OR ANY COMMITTEE THEREOF MAY BE TAKEN WITHOUT A MEETING IF ALL MEMBERS OF THE BOARD OR THE COMMITTEE CONSENT IN WRITING TO THE ADOPTION OF A RESOLUTION AUTHORIZING THE ACTION. THE RESOLUTION AND THE WRITTEN CONSENTS BY THE MEMBERS OF THE BOARD IS FILED WITH THE MINUTES OF THE PROCEEDINGS OF THE BOARD. Form 990, Part VI, Section B, Line 11b The Audit Committee will receive the draft of Form 990 and its supporting schedules for review and approval. They will scrutinize the document for accuracy, discuss any significant transactions or disclosures, and suggest any necessary amendments. Following a majority vote for approval by the committee, the CFO or an appointed staff member will file Form 990 with the IRS by the deadline. The filed Form 990 will then be presented to the board members at the subsequent board meeting, and a copy will be kept in the organizations records. Form 990, Part VI, Section B, Line 12c WE MAINTAIN CONFLICT OF INTEREST POLICIES FOR OFFICERS, DIRECTORS AND ALL EMPLOYEES. THE ED REVIEWS THESE POLICIES WITH ALL STAFF TWICE EACH YEAR. OFFICERS, DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE WHEN JOINING THE BOARD, AND ON AN ANNUAL BASIS THEREAFTER. Form 990, Part VI, Section B, Line 15a The executive committee regularly evaluates the executive director's performance to ensure their compensation package aligns with industry benchmarks. After thoroughly reviewing comparable salaries from recognized studies, compensation surveys, and Form 990s of other non-profit organizations with similar size and activity, the executive committee proposes revised compensation. The Governance Committee also provides their input, and the Board of Directors makes the final decision. Form 990, Part VI, Section C, Line 18 FISCAL OFFICE PROVIDES COPIES OF ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF FINANCIAL STATEMENTS:FINANCIAL STATEMENTS AND COPIES OF FORM 990 FILES IN THE FINANCES FILES, AND COPIES ARE LOCATED AT THE FINANCE OFFICE FOR PUBLIC INSPECTION AND/OR COPYING DURING REGULAR BUSINESS HOURS.DISCLOSURE OF GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY: GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION, BYLAWS) AND CONFLICT OF INTEREST POLICY OF OUR ORGANIZATION ARE SUBJECT TO THE FEDERAL PUBLIC DISCLOSURE RULES AND THESE DOCUMENTS ARE PUBLICLY AVAILABLE AND LOCATED AT THE FINANCE OFFICE FOR PUBLIC INSPECTION AND/OR COPYING DURING REGULAR BUSINESS HOURS. BOC CAPITAL CORP 85 SOUTH OXFORD STREET BROOKLYN NY 11217 113596666 TO PROMOTE EMPL AND INCREASE BUS. OPP NY 501(C)(3) 170(B)(1)(A) NA false BOC DEVELOPMENT CORPORATION 85 SOUTH OXFORD STREET BROOKLY NY 11217 202660238 TO PROMOTE VITALITY AND REDUCE POVERTY NY 501(C)(3) 509(A)(2) NA false false true false false false false false false false false false false false true true true true false false BOC CAPITAL CORP n 78100 Actual Amount BOC CAPITAL CORP o 2081593 Payroll allocat BOC CAPITAL CORP p 97880 Actual Amount BOC CAPITAL CORP q 1600000 Actual Amount BOC DEVELOPMENT CORPORATION b 10000 Actual Amount BOC DEVELOPMENT CORPORATION p 172440 Amount paid