BROOKLYN COMMUNITY FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

NICOLE G EPPS

Phone

7184807500

Tax Period

2023-07-01 to 2024-06-30

BROOKLYN COMMUNITY FOUNDATION, founded in 1998, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $39.3M in total revenue in fiscal year 2023. Revenue surged 352% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 38% operating margin.

Mission

BROOKLYN COMMUNITY FOUNDATION IS ON A MISSION TO SPARK LASTING SOCIAL CHANGE, MOBILIZING PEOPLE, CAPITAL, AND EXPERTISE FOR A FAIR AND JUST BROOKLYN. THROUGH A RACIAL JUSTICE LENS, WE HAVE A CLEAR FOCUS ON BROOKLYN'S MOST UNDER RESOURCED COMMUNITIES. WE PRIORITIZE INVESTMENTS IN BIPOC-LED ORGANIZATIONS EMBEDDED IN BROOKLYN'S LOWEST INCOME COMMUNITIES THAT ARE DEDICATED TO COMBATING POVERTY, INEQUALITY, SYSTEMIC RACISM, AND COMMUNITY DISINVESTMENT. SINCE 2009, THE FOUNDATION AND ITS DONORS HAVE PROVIDED OVER $100 MILLION IN GRANTS THROUGHOUT THE BOROUGH, BOLSTERING VITAL PROGRAMS AND SERVICES WHILE RESPONDING TO URGENT COMMUNITY NEEDS.

Program Service Accomplishments

Program 1

Expenses: $14,498,632

DONOR ADVISED FUNDS: THIS PROGRAM PROVIDES CUSTOMIZED SUPPORT, GUIDANCE AND SERVICES TO DONORS WHO OPEN A DONOR ADVISED FUND WITH THE FOUNDATION. IN FY24, THE FOUNDATION ISSUED OVER $14 MILLION IN...

DONOR ADVISED FUNDS: THIS PROGRAM PROVIDES CUSTOMIZED SUPPORT, GUIDANCE AND SERVICES TO DONORS WHO OPEN A DONOR ADVISED FUND WITH THE FOUNDATION. IN FY24, THE FOUNDATION ISSUED OVER $14 MILLION IN DONOR DIRECTED GRANTS - OVER 60% OF WHICH WENT TO BROOKLYN NONPROFITS.

Program 2

Expenses: $2,173,500

INVEST IN YOUTH GRANT PORTFOLIO:IN FY24, THE FOUNDATION INVESTED $1,890,000 THROUGH A UNIQUE SET OF PROGRAMS TO 43 YOUTH-SERVING NONPROFITS FROM OUR INVEST IN YOUTH GRANT PROGRAM FOCUSED ON BUILDING...

Program 3

Expenses: $856,750

WELLNESS AND RECOVERY FUND:BROOKLYN ORG ESTABLISHED THE WELLNESS AND RECOVERY FUND FROM CHARITABLE ASSETS THAT REMAINED AFTER THE OFFICE OF THE ATTORNEY GENERAL (OAG) DISSOLVED CANARSIE A.W.A.R.E...

WELLNESS AND RECOVERY FUND:BROOKLYN ORG ESTABLISHED THE WELLNESS AND RECOVERY FUND FROM CHARITABLE ASSETS THAT REMAINED AFTER THE OFFICE OF THE ATTORNEY GENERAL (OAG) DISSOLVED CANARSIE A.W.A.R.E., INC. FOR ITS PARTICIPATION IN A SCHEME THAT EXPLOITED SOME OF NEW YORK'S MOST VULNERABLE RESIDENTS AND DEFRAUDED MEDICAID. THE $2.2 MILLION FUND SUPPORTS ORGANIZATIONS WORKING TO ENSURE THAT THOSE WHO NAVIGATE THE DIFFICULT ROAD OF SUBSTANCE ABUSE AND ADDICTION DO SO WITH RELIABLE SUPPORT THAT HONORS THEIR AGENCY AND DIGNITY. IN FY24, THE FOUNDATION DISTRIBUTED X TO 10 LOCAL ORGANIZATIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,435,516

Program Service Revenue $0

Investment Income $6,181,176

Other Revenue $723,111

TOTAL REVENUE $39,339,803

Expense Breakdown

Grants Paid $19,342,878

Salaries & Benefits $2,455,608

Fundraising Expenses $679,928

Program Expenses $20,408,871

Other Expenses $2,617,279

TOTAL EXPENSES $24,415,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,339,803	$8,708,861	+3.5%
Expenses	$24,415,765	$23,057,208	+0.1%
Net Income	$14,924,038	$-14,348,347	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$308,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE GUERON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
HARSHA MARTI	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL GILLESPIE	BOARD CHAIR (2024)/TREASURER	1.00	Officer Director	$0	$0	$0
KATHERINE DARROW	SECRETARY	1.00	Officer Director	$0	$0	$0
HILARY JAGER	VICE CHAIR (2024)	1.00	Officer Director	$0	$0	$0
MICHELLE DEFOSSETT	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
MAMIE KANFER STEWART	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
VIVIAN LIAO KORICH	ADVANCEMENT CHAIR	1.00	Officer Director	$0	$0	$0
CONSTANCE SARGENT	PROGRAM CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS BETTRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
TANYA FRIEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER FURCHI	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLEIGH IRISH-UNDERWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
ZUL JAMAL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWANNA KIMBRO	BOARD MEMBER	1.00	Director	$0	$0	$0
LORENA KOUROUSIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
NOA MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDI PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLEY RONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLEY STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSANNAH TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL TIMONER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMENCITA WHONDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAHEEN RUSHD	BOARD MEMBER	1.00	Director	$0	$0	$0
VISHAL SHETH	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY SIMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOCELYNNE RAINEY	CEO & PRESIDENT	35.00	Officer	$284,712	$23,334	$308,046
LIANE STEGMAIER	CHIEF OF STAFF, VP OF COMMUNICATIONS	35.00	Highest	$163,981	$40,469	$204,450
SABRINA HARGRAVE	PROGRAM OFFICER/DIRECTOR OF PROGRAMS	35.00	Highest	$128,404	$37,661	$166,065

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
2024	No data	No data	No data	No data
2024	$39,339,803	$24,415,765	$141,980,553	$14,924,038
2023	$8,708,861	$23,057,208	$124,159,466	$-14,348,347
2022	$36,110,800	$15,582,657	$115,930,588	$20,528,143
2021	$42,787,989	$15,163,412	$117,862,940	$27,624,577
2020	$7,566,977	$8,033,672	$75,120,745	$-466,695
2019	$7,587,394	$8,896,665	$76,726,622	$-1,309,271
2018	$16,320,748	$8,691,945	$68,901,283	$7,628,803