BROOKLYN EMERGING LEADERS ACADEMY

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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

2016

Legal Domicile

Principal Officer

NICIA FULLWOOD

Phone

3474738831

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN EMERGING LEADERS ACADEMY, founded in 2016, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024.

Mission

BELA'S MISSION IS TO EMPOWER EACH YOUNG WOMAN TO BE THE BEST VERSION OF HERSELF. THROUGH A RIGOROUS COLLEGE PREPARATORY CURRICULUM, SERVICE LEARNING INITIATIVES, AND A COMMITMENT TO CULTIVATING A SPIRIT OF RESILIENCE WITHIN EACH YOUNG WOMAN, BELA STUDENTS WILL ATTEND AND GRADUATE FROM COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $4,481,552

BROOKLYN EMERGING LEADERS ACADEMY (BELA) WAS FOUNDED WITH A DEEP COMMITMENT TO EXPANDING EDUCATIONAL OPPORTUNITIES FOR THE YOUNG WOMEN OF THE BEDFORD-STUYVESANT COMMUNITY. ROOTED IN THE BELIEF THAT EVERY STUDENT POSSESSES BOUNDLESS POTENTIAL, BELA PROVIDES A TRANSFORMATIVE LEARNING ENVIRONMENT DESIGNED TO INSPIRE, CHALLENGE, AND EMPOWER.AT BELA, WE CULTIVATE A CULTURE OF EXCELLENCE THAT NURTURES INTELLECTUAL CURIOSITY, LEADERSHIP, AND RESILIENCE. OUR PROGRAM EQUIPS STUDENTS WITH THE ACADEMIC FOUNDATION AND PERSONAL CONFIDENCE NEEDED TO THRIVE IN HIGH SCHOOL, EXCEL IN COLLEGE, AND EMBARK ON FULFILLING CAREERS. BY FOSTERING A SUPPORTIVE AND DYNAMIC EDUCATIONAL EXPERIENCE, WE SET OUR STUDENTS ON A TRAJECTORY FOR LIFELONG SUCCESSENSURING THEY EMERGE AS LEADERS READY TO SHAPE THEIR COMMUNITIES AND THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,011,509

Program Service Revenue $0

Investment Income $4,390

Other Revenue $1,209

TOTAL REVENUE $5,017,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,125,458

Fundraising Expenses $27,872

Program Expenses $4,481,552

Other Expenses $1,189,287

TOTAL EXPENSES $5,314,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,017,108	$4,957,076	+0.0%
Expenses	$5,314,745	$5,523,307	0.0%
Net Income	$-297,637	$-566,231	-0.5%

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

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

$228,969

Total Directors

Key Employees

$172,617

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE NATHANIAL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA CANTY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL LACKWOOD	TREASURER	1.00	Officer Director	$0	$0	$0
IYMAANI AYTES	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MELLANIE GARNER	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH HALL	BOARD TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN DILL	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DR ANDRE MCKENZIE	BOARD TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA SOCIAS	BOARD TRUSTEE	1.00	Director	$0	$0	$0
ALMA MENDS	BOARD TRUSTEE	1.00	Director	$0	$0	$0
NICIA FULLWOOD	HEAD OF SCHOOL	40.00	Officer	$211,224	$17,745	$228,969
SHANNON RILEY	CHIEF OF STAFF	40.00	Key Emp	$155,040	$17,577	$172,617
NICOLE L DAVIS	DEAN OF OPERATIONS	40.00	Highest	$115,388	$13,964	$129,352
NATALIE A FROMAN	ETHICS STUDIES TEACHER	40.00	Highest	$106,270	$14,304	$120,574
MEREDITH LOOP	ETHNIC STUDIES TEACHER	40.00	Highest	$127,192	$16,382	$143,574
CATHERINE T MAGESIS	DIR. OF COLLEGE SUCCESS	40.00	Highest	$105,092	$14,354	$119,446
THERESA A RAU	MATH TEACHER	40.00	Highest	$104,829	$13,125	$117,954

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	$5,017,108	$5,314,745	$2,271,362	$-297,637
2024	$4,957,076	$5,523,307	$2,604,322	$-566,231
2023	$5,505,573	$5,448,600	$3,056,040	$56,973
2022	$5,830,499	$4,823,146	$2,971,549	$1,007,353
2021	$5,031,772	$4,225,233	$1,874,026	$806,539
2020	$3,723,822	$3,171,043	$1,401,635	$552,779
2019	$2,761,290	$2,745,849	$539,032	$15,441
2018	$2,090,300	$2,090,815	$372,231	$-515