BROOKLYN TECH ALUMNI FOUNDATION INC

EIN: 112739496 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$2,337,012
Total Expenses
$1,985,957
Total Assets
$18,573,201
Net Assets
$18,436,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
DAVID LEE
Phone
7187972285
Tax Period
2024-07-01 to 2025-06-30

BROOKLYN TECH ALUMNI FOUNDATION INC, founded in 1984, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $351K, a strong 15% operating margin.

Mission

THE MISSION OF THE ALUMNI FOUNDATION IS TO SUPPORT BROOKLYN TECHNICAL HIGH SCHOOL'S CONTINUED EDUCATIONAL EXCELLENCE AND NATIONAL LEADERSHIP AS A SPECIALIZED HIGH SCHOOL IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) BASED EDUCATION. THE FOUNDATION SEEKS TO ENGAGE ALL TECH ALUMNI AND SUPPORTERS IN PROVIDING INTELLECTUAL AND FINANCIAL RESOURCES TO ENSURE THE DEVELOPMENT OF THE NEXT GENERATION OF FUTURE LEADERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,522,978
Program Service Revenue $0
Investment Income $820,785
Other Revenue $-6,751
TOTAL REVENUE $2,337,012

Expense Breakdown

Grants Paid $256,450
Salaries & Benefits $782,544
Fundraising Expenses $150,504
Program Expenses $1,284,761
Other Expenses $946,963
TOTAL EXPENSES $1,985,957

Year-over-Year Comparison

2024 2023 Change
Revenue $2,337,012 $2,063,369 +0.1%
Expenses $1,985,957 $2,048,022 0.0%
Net Income $351,055 $15,347 +21.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
8
Volunteers
416

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$177,402
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENICE CLARKE WARE PRESIDENT 4.00
Officer Director
$0 $0 $0
ANTHONY P SCHIRRIPA VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
BOLA OYEDIJO VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
DAVID LEE VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JAMES DIBENEDETTO TREASURER 4.00
Officer Director
$0 $0 $0
PENELOPE KOKKINIDES SECRETARY 1.00
Director
$0 $0 $0
NED STEELE OUTGOING SECRETARY (10/2024) 4.00
Officer Director
$0 $0 $0
ACHILLES PERRY MEMBER 1.00
Director
$0 $0 $0
AMY KONG MEMBER 1.00
Director
$0 $0 $0
DANIEL D MILLER MEMBER 3.00
Director
$0 $0 $0
DEEPTI SHARMA MEMBER 1.00
Director
$0 $0 $0
EDWARD LAGRASSA MEMBER 1.00
Director
$0 $0 $0
GISELLE WILLIAMS MEMBER 1.00
Director
$0 $0 $0
HORACE H DAVIS MEMBER 1.00
Director
$0 $0 $0
JOHN ALBERT MEMBER 1.00
Director
$0 $0 $0
LESLEIGH IRISH-UNDERWOOD MEMBER 1.00
Director
$0 $0 $0
MARGARET MURPHY MEMBER 1.00
Director
$0 $0 $0
MICHAEL WEISS MEMBER 1.00
Director
$0 $0 $0
TATIA MAYS RUSSELL MEMBER 2.00
Director
$0 $0 $0
TOMAS HERNANDEZ MEMBER 1.00
Director
$0 $0 $0
VALMIRA POPINARA MEMBER 1.00
Director
$0 $0 $0
WILTON CEDENO MEMBER 1.00
Director
$0 $0 $0
COURTNEY ULRICH EXECUTIVE DIRECTOR 40.00
Officer
$149,271 $28,131 $177,402
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,337,012 $1,985,957 $18,573,201 $351,055
2024 $2,063,369 $2,048,022 $17,247,320 $15,347
2023 $2,007,100 $2,162,067 $16,020,857 $-154,967
2022 $2,437,316 $1,710,450 $15,030,868 $726,866
2021 $1,164,272 $1,277,752 $16,646,471 $-113,480
2020 $1,364,232 $1,449,191 $14,252,560 $-84,959
2019 $2,409,645 $1,988,764 $14,406,190 $420,881
2018 $1,945,474 $1,827,396 $14,218,130 $118,078
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