Civic Intelligence

Brooklyn Health Equity Foundation Inc.

990 • Fiscal year 2019 • EIN 11-3144364

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.IMFBROOKLYN.ORG
1545 Atlantic AvenueBrooklyn, NY 11213

(718) 613-4051

Siviq Scores

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

Liabilities / Assets

77th percentile

0.00x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.54x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Net Margin

1st percentile

-4123%

Higher net margin than 1% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Asset Growth

9th percentile

-8.6%

Faster asset growth than 9% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-45%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$6,359,957

Down $595,517 (-8.6%) from 2018

Net Assets

Down

$6,351,975

Down $595,517 (-8.6%) from 2018

Liabilities

Flat

$7,982

Flat from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin1st percentile

Revenue

Down

$14,761

Down $12,071 (-45%) from 2018

Expenses

Down

$623,383

Down $309,426 (-33%) from 2018

Net Income

Up

-$608,622

Up $297,355 (+33%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $13,957,575Liabilities 2010: $387,157Net Assets 2010: $13,570,4182010Assets 2011: $13,940,194Liabilities 2011: $515,440Net Assets 2011: $13,424,7542011Assets 2012: $17,467,246Liabilities 2012: $99,629Net Assets 2012: $17,367,6172012Assets 2013: $4,852,424Liabilities 2013: $0Net Assets 2013: $4,852,4242013Assets 2014: $7,167,638Liabilities 2014: $0Net Assets 2014: $7,167,6382014Assets 2015: $6,199,636Liabilities 2015: $50,187Net Assets 2015: $6,149,4492015Assets 2016: $8,771,015Liabilities 2016: $7,936Net Assets 2016: $8,763,0792016Assets 2017: $7,861,451Liabilities 2017: $7,982Net Assets 2017: $7,853,4692017Assets 2018: $6,955,474Liabilities 2018: $7,982Net Assets 2018: $6,947,4922018Assets 2019: $6,359,957Liabilities 2019: $7,982Net Assets 2019: $6,351,9752019Assets 2020: $6,215,208Liabilities 2020: $0Net Assets 2020: $6,215,2082020Assets 2021: $6,090,131Liabilities 2021: $2,350Net Assets 2021: $6,087,7812021Assets 2022: $5,895,608Liabilities 2022: $2,350Net Assets 2022: $5,893,2582022Assets 2023: $6,167,653Liabilities 2023: $2,350Net Assets 2023: $6,165,3032023Assets 2024: $6,019,289Liabilities 2024: $2,350Net Assets 2024: $6,016,9392024

Highlighted filing

2019

Assets$6,359,957
Liabilities$7,982
Net Assets$6,351,975
Open 2019 Filing

Operations Trend

Revenue Growth19th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $223,2312010Expenses 2011: $115,2482011Expenses 2012: $119,6552012Revenue 2013: -$11,980Expenses 2013: $2,487,289Net Income 2013: -$2,499,2692013Revenue 2014: $195,650Expenses 2014: $1,399,571Net Income 2014: -$1,203,9212014Revenue 2015: $3,500Expenses 2015: $1,021,689Net Income 2015: -$1,018,1892015Revenue 2016: $3,472,988Expenses 2016: $859,358Net Income 2016: $2,613,6302016Revenue 2017: $44,687Expenses 2017: $954,297Net Income 2017: -$909,6102017Revenue 2018: $26,832Expenses 2018: $932,809Net Income 2018: -$905,9772018Revenue 2019: $14,761Expenses 2019: $623,383Net Income 2019: -$608,6222019Revenue 2020: $0Expenses 2020: $142,154Net Income 2020: -$142,1542020Revenue 2021: $0Expenses 2021: $127,427Net Income 2021: -$127,4272021Revenue 2022: $0Expenses 2022: $194,523Net Income 2022: -$194,5232022Revenue 2023: $512,129Expenses 2023: $319,803Net Income 2023: $192,3262023Revenue 2024: $91,567Expenses 2024: $303,352Net Income 2024: -$211,7852024

Highlighted filing

2019

Revenue$14,761
Expenses$623,383
Net Income-$608,622
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$14,761
Mission and Program Overview

Mission

To promote and advocate for health and well-being and the elimination of health disparities through research, education and sponsoring public programs on behalf of and for the benefit of greater brooklyn and more specifially central brooklyn residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,179,283$5,377,151▼ $802,132
Land, Buildings, and Equipment, Net$680,000$770,498▲ $90,498
Prepaid Expenses and Deferred Charges$96,191$178,178▲ $81,987
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Total Assets$6,955,474$6,359,957▼ $595,517
Other Assets Total-$34,130-
Liabilities
Accounts Payable and Accrued Expenses$7,982$7,982→ $0
Total Liabilities$7,982$7,982→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,267,492$5,671,975▼ $595,517
Net Assets With Donor Restrictions$680,000$680,000→ $0
Total Net Assets Fund Balance$6,947,492$6,351,975▼ $595,517
Total Liabilities and Net Assets / Fund Balance$6,955,474$6,359,957▼ $595,517

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$770,498-$770,498
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Canon Diane M PorterChairman
Deborah Harmon-hinesTrustee
Howard WilliamsTrustee
Jonathan NelsonTrustee
Roland PurcellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,760
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$14,760
Change in Net Assets
$-608,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$535,099
Salaries, Compensation, and Employee Benefits$84,284
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$118,276$78,850-$197,126
Other Salaries and Wages$38,750$38,750-$77,500
Insurance$10,652$10,652-$21,304
Fees for Services Accounting-$16,624-$16,624
Payroll Taxes$3,392$3,392-$6,784
Conferences and Meetings$4,818--$4,818
Grants to Domestic Orgs$4,000--$4,000
Travel$3,285--$3,285
All Other Expenses-$2,724-$2,724
Other Expenses$13,920$1,498-$1,498
Total Functional Expenses$470,893$152,490$0$623,383
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
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

“The i m foundation, inc.'s board is notified when the form 990 isavailable and they have the opportunity to review the form.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annual questionnaires are sent to all directors and management personnel. Questionnaires are reviewed by the board.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
I M Foundation Inc
EIN
11-3144364
Phone
7186134051
Address
1545 ATLANTIC AVENUE, BROOKLYN, NY 11213

Signing Officer

Name
Howard K Williams
Title
Chairman
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Gruber Palumberi Raffaele Fried CPAs PC
Address
7 Penn Plaza Suite 310, New York, NY 10001
Preparer
Bart Raffaele CPA
Phone
2125860800
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“IRS Refund = $27120”

Financial Statement Notes

Part X : FIN48 Footnote

“Part x, line 2:generally accepted accounting principles for income taxes require that atax position be recognized or derecognized based on a "more likely thannot" threshold. This applies to positions taken or expected to be taken ina tax return. The adoption of this guidance did not have an impact onim foundation financial statements, as management believes that there are no uncertain tax positions within its financial statements. Im foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. Nysw's forms 990, return of organization exempt for income tax, for the years ended december 31, 2017, 2018 and 2019 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML Appendix396 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03500
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY509Pct00.35290
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt014760
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt026832
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt06500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03500
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt014761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt026832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt056738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt06500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0108331
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0770498
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0770498
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2:GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR INCOME TAXES REQUIRE THAT ATAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THANNOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN INA TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ONIM FOUNDATION FINANCIAL STATEMENTS, AS MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. IM FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. NYSW'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FOR INCOME TAX, FOR THE YEARS ENDED DECEMBER 31, 2017, 2018 AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0770498
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE I M FOUNDATION, INC.'S BOARD IS NOTIFIED WHEN THE FORM 990 ISAVAILABLE AND THEY HAVE THE OPPORTUNITY TO REVIEW THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL QUESTIONNAIRES ARE SENT TO ALL DIRECTORS AND MANAGEMENT PERSONNEL. QUESTIONNAIRES ARE REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IRS Refund = $27120
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt06955474
IRS990/TotalAssetsGrp/EOYAmt06359957
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014760
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152490
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470893
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623383
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07982
IRS990/TotalLiabilitiesEOYAmt07982
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IRS990/TotalLiabilitiesGrp/EOYAmt07982
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014761
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06359957
IRS990/TravelGrp/ProgramServicesAmt03285
IRS990/TravelGrp/TotalAmt03285
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01545 ATLANTIC AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011213
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.IMFBROOKLYN.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD K WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0I M FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IMFO
ReturnHeader/Filer/EIN0113144364
ReturnHeader/Filer/PhoneNum07186134051
ReturnHeader/Filer/USAddress/AddressLine1Txt01545 ATLANTIC AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011213
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132696850
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gruber Palumberi Raffaele Fried CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 Penn Plaza Suite 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02125860800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BART RAFFAELE CPA
ReturnHeader/ReturnTs02020-11-16T12:17:42-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,359,957
Liabilities
$7,982
Net assets
$6,351,975
Revenue
$14,761
Expenses
$623,383
Net income
-$608,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$0.09$0.30$0.21
2023Detailed filing. Detailed filing data is available for this year.$6.17$0.00$6.17$0.51$0.32$0.19
2022Detailed filing. Detailed filing data is available for this year.$5.90$0.00$5.89$0.00$0.19$0.19
2021Detailed filing. Detailed filing data is available for this year.$6.09$0.00$6.09$0.00$0.13$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.22$0.00$6.22$0.00$0.14$0.14
2019Detailed filing. Detailed filing data is available for this year.$6.36$0.01$6.35$0.01$0.62$0.61
2018Detailed filing. Detailed filing data is available for this year.$6.96$0.01$6.95$0.03$0.93$0.91
2017Detailed filing. Detailed filing data is available for this year.$7.86$0.01$7.85$0.04$0.95$0.91
2016Detailed filing. Detailed filing data is available for this year.$8.77$0.01$8.76$3.47$0.86$2.61
2015Detailed filing. Detailed filing data is available for this year.$6.20$0.05$6.15$0.00$1.02$1.02
2014Detailed filing. Detailed filing data is available for this year.$7.17$0.00$7.17$0.20$1.40$1.20
2013Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$0.01$2.49$2.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$0.10$17.4$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$0.52$13.4$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$0.39$13.6$0.22