Pratt Area Community Council Inc

“Impacct brooklyn is a membership organization whose members elect the board of directors at our annual meeting in june. The directors serve 3 year terms with a maximum of 3 terms.”

“Members elect the board of directors at the annual meeting held in june each year.”

“The draft 990 was discussed and reviewed by the joint finance and audit committee of the board. The joint committee recommended approval by the full board after management, working with the auditors, made any final necessary revisions. A final 990 form was then provided to the full board for review prior to filing for comment. No additional comments were received prior to filing.”

“The board of directors must complete a conflict of interest form every year which is kept on file. If there are any incidents of conflict, that director would be recused from voting on the matter. If it is found that a director has personally benefited from knowledge or relationships gained through their role as director, they will be removed from the board.”

“The board uses comparables for nys nonprofit organizations of similar revenue and activities provided by nycon to set salary ranges. The process was conducted subsequent to year end during fy 2019.”

“Impacct brooklyn's governing documents (certificate of incorporation, by-laws and dba certificate) are available upon request and are on the nys charities bureau website and nyc's hhs accelerator site. Our audited financial statements are provided upon request to the public, sent to all of our funders and posted on guidestar all policies are available upon request and provided to our employees and our board.”

“Pratt area community council, inc. Dba impacct brooklyn is a non-profit, 501 (c) (3) organization. Impacct brooklyn was founded in 1964 and incorporated on january 1972. Initially focused on the wallabout, fort green, clinton hill and bedford stuyvesant neighborhoods of brooklyn, the entity has expanded to provide programs and services throughout kings county. We have a focus in the historically rich black communities of brooklyn; including: bedford-stuyvesant, brownsville, crown heights, fort green, clinton hill, and prospect heights. Impacct brooklyn understands that long-term economic vitality, environmental health and social cohesion are important components of a successful, sustainable community, with residents provided with tools to not only continue to improve their lives but to also provide their personal contribution to the continued improvement of their community. Through four overarching programs, impacct brooklyn continues to fight for safe and affordable housing, and to help residents build and sustain flourishing communities throughout brooklyn. The four program areas are: affordable, supportive housing and homeownership ; resident engagement, community organizing and advocacy; economic development and small business services; and supportive housing social services.”

“As of the date of filing the audit has not yet been completed. Form 990 has been prepared based on the best information available. Should information substantially change upon completion of the audit, appropriate action will be taken.”

“Consutant & contract services: program service expenses 309,411. Management and general expenses 226,252. Fundraising expenses 103,795. Total expenses 639,458. Payroll processing fee: program service expenses 27,936. Management and general expenses 24,021. Fundraising expenses 9,371. Total expenses 61,328.”