Civic Intelligence

Bushwick Improvement Society Inc. Stagg Street Center for Children

990 • Fiscal year 2016 • EIN 11-2478788

Jul 01, 2015 to Jun 30, 2016 • Filed on May 16, 2017

77-83 Stagg StreetBrooklyn, NY 11206

(718) 388-1395

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.63x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.42x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Net Margin

67th percentile

5.3%

Higher net margin than 67% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Assets

Up

$1,046,134

Up $1,046,134 from 2015

Net Assets

Up

$382,427

Up $382,427 from 2015

Liabilities

Up

$663,707

Up $663,707 from 2015

Revenue

Up

$1,568,110

Up $1,568,110 from 2015

Expenses

Up

$1,485,043

Up $1,391,941 (+1495%) from 2015

Net Income

Up

$83,067

Up $176,169 (+189%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $418,984Liabilities 2011: $233,747Net Assets 2011: $185,2372011Assets 2012: $649,804Liabilities 2012: $401,398Net Assets 2012: $248,4062012Assets 2013: $740,987Liabilities 2013: $521,410Net Assets 2013: $219,5772013Assets 2014: $764,982Liabilities 2014: $544,760Net Assets 2014: $220,2222014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $1,046,134Liabilities 2016: $663,707Net Assets 2016: $382,4272016Assets 2017: $1,112,742Liabilities 2017: $772,926Net Assets 2017: $339,8162017Assets 2018: $969,213Liabilities 2018: $898,808Net Assets 2018: $70,4052018Assets 2019: $927,791Liabilities 2019: $966,195Net Assets 2019: -$38,4042019Assets 2020: $1,024,810Liabilities 2020: $1,175,172Net Assets 2020: -$150,3622020Assets 2021: $824,894Liabilities 2021: $857,652Net Assets 2021: -$32,7582021Assets 2022: $556,566Liabilities 2022: $69,442Net Assets 2022: $487,1242022Assets 2023: $550,041Liabilities 2023: $178,521Net Assets 2023: $371,5202023Assets 2024: $478,754Liabilities 2024: $205,287Net Assets 2024: $273,4672024

Highlighted filing

2016

Assets$1,046,134
Liabilities$663,707
Net Assets$382,427

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,938,8832011Expenses 2012: $1,988,5222012Revenue 2013: $1,758,433Expenses 2013: $1,787,262Net Income 2013: -$28,8292013Revenue 2014: $1,385,629Expenses 2014: $1,384,984Net Income 2014: $6452014Revenue 2015: $0Expenses 2015: $93,102Net Income 2015: -$93,1022015Revenue 2016: $1,568,110Expenses 2016: $1,485,043Net Income 2016: $83,0672016Revenue 2017: $1,634,379Expenses 2017: $1,662,562Net Income 2017: -$28,1832017Revenue 2018: $1,182,826Expenses 2018: $1,448,838Net Income 2018: -$266,0122018Revenue 2019: $1,219,509Expenses 2019: $1,335,118Net Income 2019: -$115,6092019Revenue 2020: $1,201,577Expenses 2020: $1,303,559Net Income 2020: -$101,9822020Revenue 2021: $1,211,304Expenses 2021: $1,093,700Net Income 2021: $117,6042021Revenue 2022: $1,631,652Expenses 2022: $988,999Net Income 2022: $642,6532022Revenue 2023: $1,051,922Expenses 2023: $1,017,526Net Income 2023: $34,3962023Revenue 2024: $983,823Expenses 2024: $1,081,876Net Income 2024: -$98,0532024

Highlighted filing

2016

Revenue$1,568,110
Expenses$1,485,043
Net Income$83,067
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 16, 2017
Return Version
2015v3.0
Gross Receipts
$1,568,110
Mission and Program Overview

Mission

The organization provides full day care services for 100 Children of low income families under agreement with NYC/ACS.

Children daycare services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$231,626$408,245▲ $176,619
Pledges and Grants Receivable$339,696$258,771▼ $80,925
Land, Buildings, and Equipment, Net-$6,861-
Accounts Receivable$37,095$5,222▼ $31,873
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$995,151$1,046,134▲ $50,983
Other Assets Total$386,734$367,035▼ $19,699
Liabilities
Other Liabilities$646,262$494,746▼ $151,516
Grants Payable-$92,321-
Accounts Payable and Accrued Expenses$56,558$76,640▲ $20,082
Total Liabilities$702,820$663,707▼ $39,113
Net Assets / Fund Balance
Unrestricted Net Assets$220,746$303,638▲ $82,892
Temporarily Rstr Net Assets$71,585$78,789▲ $7,204
Total Net Assets Fund Balance$292,331$382,427▲ $90,096
Total Liabilities and Net Assets / Fund Balance$995,151$1,046,134▲ $50,983

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,861$624$7,485
Other Assets Org$276,001--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Irma VarnerChairperson
Robert CamachoVice Chairman
Vesta WilkesAdministrative Director
Elaine ManatuBoard Member
Rhonda WebbEducation Director
Alice PeaksMember
Cynthia BooneMember
Fannie WattsMember
Georgia ThompsonMember
Fred De La CuadraSecretary
Alice BarnesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,377,460
Program Service Revenue
$188,803
Investment Income
$12
Other Revenue
$1,835
All Other Contributions
$96,456
Change in Net Assets
$83,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$912,296
Other Expenses$572,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$579,602$143,642-$723,244
Occupancy$275,983$30,665-$306,648
Other Employee Benefits$99,998$25,000-$124,998
Payroll Taxes$51,319$12,735-$64,054
Fees for Services Other$12,884$17,666-$30,550
Fees for Services Accounting-$14,876-$14,876
All Other Expenses$11,071$1,489-$12,560
Other Expenses$11,094$1,233-$12,327
Insurance$10,756$1,195-$11,951
Advertising-$117-$117
Total Functional Expenses$1,212,961$272,082$0$1,485,043
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$1,145
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Commitments and Contingencies Lease$399,564
Due to Other Programs$91,034
Other Payables$4,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Officers are given a copy of the 990.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial statments are audited and are forwarded to NY Department of Charities. Governing documents and policies are available to the board and wll be on the website.

Filing and Contact Details

Filer

Filer Name
Bushwick Improvement Society Inc
EIN
11-2478788
Phone
7183881395
Address
77-83 Stagg Street, Brooklyn, NY 11206

Signing Officer

Name
Irma Varner
Title
Chairperson
Signed
2017-05-16
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
30

Preparer

Firm
Alleyne & Company CPA PC
Address
80 Broad Street Fifth Floor, New York, NY 10004
Preparer
Cuthbert A Alleyne
Phone
2123912410
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Private Tuition - provides day care services to children who are not eligible to receive the benefit of NYC/ACS through the sliding scale program. OTHER PROGRAM SERVICES 5: NYC BOE UPK Program - Provides auxcilliary day care services in support of the ACS program. OTHER PROGRAM SERVICES 6: Sponsoring Board Programs - Provides auxcilliary services in support of the programs.

Other Changes In Net Assets Or Fund Balances - Other Increases

4 = $7029

Govering Body and Management

As required by NYC, the center developed a written conflict of interest policy that is part of the Center overall policies and procedures. The conflict of interest policy has been and are discussed regularly with board members and the center's personnel staff.

Other Program Revenues

Other Program Services:NYS/DOH - CACFP (Program expenses - $68,372) is a support program which provides food for the daycare center through monthly reimbursements from NYS based on children attendance.Private Program (Program expenses - $25,241) is a program that provides services to the children whose parents must pay for child care services because their incomes are over the NYC sliding scale amount. Voucher Program (Program expenses - $19,773) is a program that provides services to after-schoolers/school-age children 6-12 years. It is funded by NYC/ACS and parents.

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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt030665
IRS990/OccupancyGrp/ProgramServicesAmt0275983
IRS990/OccupancyGrp/TotalAmt0306648
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0386734
IRS990/OtherAssetsTotalGrp/EOYAmt0367035
IRS990/OtherChangesInNetAssetsAmt07029
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt099998
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0124998
IRS990/OtherExpensesGrp/Desc0Board and Other Donated Svcs
IRS990/OtherExpensesGrp/Desc1Material and Supplies
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08927
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110699
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23838
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31233
IRS990/OtherExpensesGrp/ProgramServicesAmt076073
IRS990/OtherExpensesGrp/ProgramServicesAmt149640
IRS990/OtherExpensesGrp/ProgramServicesAmt234541
IRS990/OtherExpensesGrp/ProgramServicesAmt311094
IRS990/OtherExpensesGrp/TotalAmt085000
IRS990/OtherExpensesGrp/TotalAmt160339
IRS990/OtherExpensesGrp/TotalAmt238379
IRS990/OtherExpensesGrp/TotalAmt312327
IRS990/OtherLiabilitiesGrp/BOYAmt0646262
IRS990/OtherLiabilitiesGrp/EOYAmt0494746
IRS990/OtherRevenueMiscGrp/BusinessCd0812900
IRS990/OtherRevenueMiscGrp/Desc0Disability
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IRS990/OtherRevenueTotalAmt0690
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0579602
IRS990/OtherSalariesAndWagesGrp/TotalAmt0723244
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012735
IRS990/PayrollTaxesGrp/ProgramServicesAmt051319
IRS990/PayrollTaxesGrp/TotalAmt064054
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0339696
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0258771
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd0812900
IRS990/ProgramServiceRevenueGrp/BusinessCd1812900
IRS990/ProgramServiceRevenueGrp/BusinessCd2812900
IRS990/ProgramServiceRevenueGrp/Desc0Parent Fees
IRS990/ProgramServiceRevenueGrp/Desc1Private Tuition
IRS990/ProgramServiceRevenueGrp/Desc2Voucher Program
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt067224
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181174
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt067224
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240405
IRS990/ProgSrvcAccomActy2Grp/Desc0Sponsoring Board Programs - Provides auxcilliary services in support of the programs.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt069700
IRS990/ProgSrvcAccomActy3Grp/Desc0NYC BOE UPK Program - Provides auxcilliary day care services in support of the ACS program.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt057213
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01353899
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0596310
IRS990/PYOtherRevenueAmt0706
IRS990/PYProgramServiceRevenueAmt0151921
IRS990/PYRevenuesLessExpensesAmt068540
IRS990/PYSalariesCompEmpBnftPaidAmt0841686
IRS990/PYTotalExpensesAmt01437996
IRS990/PYTotalRevenueAmt01506536
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt083067
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01353899
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01222775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01615754
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01780005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07348687
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt060
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03041
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0706
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01113
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0871
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01379
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07110
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt07348687
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01376254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01353899
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01222775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01615754
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01780005
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07348687
IRS990ScheduleA/TotalSupportAmt07355857
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt06861
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0624
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07485
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt091034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1276001
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Other Programs

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.21$0.27$0.98$1.08$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.18$0.37$1.05$1.02$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.07$0.49$1.63$0.99$0.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.86$0.03$1.21$1.09$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$1.18$0.15$1.20$1.30$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.97$0.04$1.22$1.34$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.90$0.07$1.18$1.45$0.27
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.77$0.34$1.63$1.66$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.66$0.38$1.57$1.49$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.09$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.76$0.54$0.22$1.39$1.38$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.52$0.22$1.76$1.79$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.40$0.25$1.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.23$0.19$1.94
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits