Bric Artsmediabklyn Inc

“The draft 990 was reviewed in detail by management. Audit committee members reviewed and discussed the draft with management. Any questions are discussed with the preparer prior to filing.”

“Members of the board of directors and senior staff complete a conflict of interest statement prior to their appointment and annually thereafter. The statement identifies any related party transaction, which is defined to be a conflict of interest under the law. The nominating committee and board of directors consider these statements before voting on membership (president considers for senior staff), to determine if candidates can be expected to have frequent related party transactions. The audit committee reviews the annual statements and reports any concerns to the full board. Board members and senior staff must promptly disclose any related party transaction to the president (or the board chair if the transaction involves the president). The matter is referred to an assigned committee of the board composed of independent members (if the matter involves the chair, the assigned committee is the audit committee without participation by the chair). The director or senior staff member involved in the transaction may provide information prior to deliberation, but may not be present during deliberation by the assigned committee or the board. Related party transactions are not necessarily prohibited. The assigned committee must determine if the transaction is fair, reasonable and in the best interest of bric, and must consider alternative transactions if the related party has a substantial interest. The assigned committee makes a decision by majority vote. The board may choose to review the decision, and if so, makes a final determination by majority vote of independent members. All actions regarding related party transactions are recorded contemporaneously in minutes of the assigned committee or board.”

“Compensation for the President is reviewed annually by the Board of Directors. In FY24, no base salary adjustments were made.”

“In FY24, there were no changes to the base salaries of senior staff, including all key employees listed in the 990. The most recent salary review for senior staff was conducted by the Personnel Committee in Fall 2022. During that review, the Committee considered comparable salaries at similarly sized nonprofit organizations in New York City and beyond, as well as internal equity across BRIC's management team.”

“These documents are available upon request.”

“Bric is a leading arts and media institution anchored in downtown brooklyn whose work spans contemporary visual and performing arts, media, and civic action. For over forty years, bric has shaped brooklyn's cultural and media landscape by presenting and incubating artists, creators, students, and media makers. As a creative catalyst for the community, bric ignites learning in people of all ages and centralizes diverse voices that take risks and drive culture forward. Bric is building brooklyn's creative future.”

“Bric is the new york emmy award-winning public access television organization for brooklyn, new york. We offer low-cost media production classes and free access to television production facilities. We air community-produced free speech content on our cable network, and in-house content focused on brooklyn. In fy24, 550 certified community producers worked with brooklyn free speech tv. Brooklyn free speech supported 1,242 community productions through bric's community media studios and equipment offerings. 574 users aired content on bric's brooklyn free speech tv channels. Bric adult media education offered 395 courses, in-person and online to 4,772 students from around the world. All classes were free or very low cost. Classes included students from 15 states and 9 countries.bric tv is brooklyn's premier video producer of local news and social justice reporting; music, arts and comedy coverage; brooklyn documentaries; and original series programming on cable television and online video. Bric tv works with the most exciting filmmakers in the borough to create bold, groundbreaking new work that's garnered emmys, ippies and tellys, screened at the tribeca film festival and sundance all while speaking to the communities we serve. In fy24, bric tv won an emmy, developed new distribution opportunities with key stakeholders in emerging technologies and streaming, and supported the development of eleven short and long-form films from emerging filmmakers.”

“(Expenses $ 386,990 including grants of $ 0)(Revenue $ 0) BRIC HOUSE IS AN ACCESSIBLE DESTINATION FOR ART PERFORMANCE, MEDIA & EDUCATIONAL PROGRAMS FOR ARTISTS, AUDIENCES, AND COMMUNITY MEMBERS.”

“OTHER PROFESSIONAL FEES - Total Expense: 2932334, Program Service Expense: 1573390, Management and General Expenses: 590902, Fundraising Expenses: 768042;”

“Transfer from related organizations - 3196164; noncontrolling interest removed - -7413;”