Civic Intelligence

Brooklyn Free Space Inc

990 • Fiscal year 2016 • EIN 11-3147591

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 09, 2016

298 Sixth AvenueBrooklyn, NY 11215-5107

(718) 965-3135

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.12x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

50th percentile

2.0%

Higher net margin than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$99,163

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

13th percentile

-9.1%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$507,543

Down $50,762 (-9.1%) from 2015

Net Assets

Up

$326,551

Up $31,539 (+11%) from 2015

Liabilities

Down

$180,992

Down $82,301 (-31%) from 2015

Revenue

Up

$1,555,658

Up $264,574 (+20%) from 2015

Expenses

Up

$1,524,119

Up $239,842 (+19%) from 2015

Net Income

Up

$31,539

Up $24,732 (+363%) 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$0Assets 2010: $453,738Liabilities 2010: $237,947Net Assets 2010: $215,7912010Assets 2011: $517,110Liabilities 2011: $269,592Net Assets 2011: $247,5182011Assets 2012: $538,412Liabilities 2012: $273,183Net Assets 2012: $265,2292012Assets 2013: $544,143Liabilities 2013: $268,202Net Assets 2013: $275,9412013Assets 2014: $561,950Liabilities 2014: $273,745Net Assets 2014: $288,2052014Assets 2015: $558,305Liabilities 2015: $263,293Net Assets 2015: $295,0122015Assets 2016: $507,543Liabilities 2016: $180,992Net Assets 2016: $326,5512016Assets 2017: $583,144Liabilities 2017: $181,933Net Assets 2017: $401,2112017Assets 2018: $547,048Liabilities 2018: $167,042Net Assets 2018: $380,0062018Assets 2019: $684,737Liabilities 2019: $258,367Net Assets 2019: $426,3702019Assets 2020: $739,012Liabilities 2020: $282,281Net Assets 2020: $456,7312020Assets 2021: $1,034,452Liabilities 2021: $466,623Net Assets 2021: $567,8292021Assets 2022: $1,302,616Liabilities 2022: $345,888Net Assets 2022: $956,7282022Assets 2023: $1,325,728Liabilities 2023: $238,808Net Assets 2023: $1,086,9202023Assets 2024: $1,368,871Liabilities 2024: $292,330Net Assets 2024: $1,076,5412024

Highlighted filing

2016

Assets$507,543
Liabilities$180,992
Net Assets$326,551

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $938,8332010Expenses 2011: $987,2972011Revenue 2012: $1,100,116Expenses 2012: $1,082,405Net Income 2012: $17,7112012Revenue 2013: $1,155,581Expenses 2013: $1,144,869Net Income 2013: $10,7122013Revenue 2014: $1,223,125Expenses 2014: $1,210,861Net Income 2014: $12,2642014Revenue 2015: $1,291,084Expenses 2015: $1,284,277Net Income 2015: $6,8072015Revenue 2016: $1,555,658Expenses 2016: $1,524,119Net Income 2016: $31,5392016Revenue 2017: $1,551,665Expenses 2017: $1,477,005Net Income 2017: $74,6602017Revenue 2018: $1,530,664Expenses 2018: $1,551,869Net Income 2018: -$21,2052018Revenue 2019: $1,317,686Expenses 2019: $1,271,397Net Income 2019: $46,2892019Revenue 2020: $1,361,314Expenses 2020: $1,330,953Net Income 2020: $30,3612020Revenue 2021: $1,282,833Expenses 2021: $1,171,735Net Income 2021: $111,0982021Revenue 2022: $1,815,998Expenses 2022: $1,427,099Net Income 2022: $388,8992022Revenue 2023: $1,715,705Expenses 2023: $1,585,513Net Income 2023: $130,1922023Revenue 2024: $1,626,063Expenses 2024: $1,636,442Net Income 2024: -$10,3792024

Highlighted filing

2016

Revenue$1,555,658
Expenses$1,524,119
Net Income$31,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 9, 2016
Return Version
2015v3.0
Gross Receipts
$1,555,658
Mission and Program Overview

Mission

Brooklyn Free Space is a private, cooperative preschool

Brooklyn Free Space is a private, cooperative preschool that fulfills the needs of young children by offering them age-appropriate experiences that enhance their growth and social/emotional development. We believe that learning through play is at the heart of learning for the preschool child, and we provide this educational philosophy in a warm, child-centered and family-friendly environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$200,000$200,000→ $0
Cash and Non-Interest-Bearing Accounts$228,775$147,439▼ $81,336
Pledges and Grants Receivable$103,376$132,423▲ $29,047
Prepaid Expenses and Deferred Charges$9,205$11,491▲ $2,286
Accounts Receivable$3,357$5,099▲ $1,742
Land, Buildings, and Equipment, Net$5,592$3,091▼ $2,501
Total Assets$558,305$507,543▼ $50,762
Other Assets Total$8,000$8,000→ $0
Liabilities
Deferred Revenue$232,896$167,553▼ $65,343
Other Liabilities$20,675--
Accounts Payable and Accrued Expenses$9,722$13,439▲ $3,717
Total Liabilities$263,293$180,992▼ $82,301
Net Assets / Fund Balance
Unrestricted Net Assets$295,012$326,551▲ $31,539
Total Net Assets Fund Balance$295,012$326,551▲ $31,539
Total Liabilities and Net Assets / Fund Balance$558,305$507,543▼ $50,762

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$35,580$35,580
Equipment$3,091$21,957$25,048
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy RoupasEducational DirectorFT$83,766$15,397$99,163

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$377,348
Program Service Revenue
$1,160,877
Investment Income
$1,153
Other Revenue
$16,280
All Other Contributions
$20,355
Change in Net Assets
$31,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$935,503
Other Expenses$588,616
Total Fundraising Expense$2,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$692,320$6,993$0$699,313
Occupancy$160,246$0$0$160,246
Current Officers, Directors, Trustees, and Key Employees$75,389$8,377$0$83,766
Payroll Taxes$64,639$1,176$0$65,815
Other Employee Benefits$57,518$6,391$0$63,909
Office Expenses$32,176$325$2,083$34,584
Pension Plan Contributions$22,085$615$0$22,700
Other Expenses$20,272$0$0$20,272
Fees for Services Other$17,149$0$0$17,149
Insurance$11,234$0$0$11,234
Fees for Services Accounting$6,000$0$0$6,000
Travel$3,009$0$0$3,009
Depreciation Depletion$2,501$0$0$2,501
Conferences and Meetings$1,604$0$0$1,604
Advertising$850$0$0$850
Total Functional Expenses$1,498,159$23,877$2,083$1,524,119
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition fees payable-
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Brooklyn Free Space Inc
EIN
11-3147591
Phone
7189653135
Address
298 SIXTH AVENUE, BROOKLYN, NY 11215-5107

Signing Officer

Name
Peter Kreutzer
Title
Board President
Phone
7189653135
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Roupas
Formed
1978
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
33
Volunteers
62

Preparer

Firm
Wai-Fong Lee CPA
Address
499 Seventh Avenue Suite 12N, New York, NY 10018
Preparer
Wai-fong Lee
Phone
2127600181
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

As of community-based organization, each member family is a full voting member of the cooperative.

Pt VI, Line 7A

The Board of Trustees is composed of independent trustees and member trustees. Member trustees may elect other member5 trustees but not independent trustees.

Pt VI, Line 11B

A copy of form 990 is provided to certain members of the governing body for review prior to its filing.

Pt VI, Line 12C

Trustees, officers and key employees are required to review and disclose any conflict of interest on an annual basis.

Pt VI, Line 15A

The Board of Trustees determines the compensation of the organization's management.

Pt VI, Line 15B

The Board of Trustees determines the compensation of the organization's officers and key employees.

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IRS990/PayrollTaxesGrp/ProgramServicesAmt064639
IRS990/PayrollTaxesGrp/TotalAmt065815
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0615
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022085
IRS990/PensionPlanContributionsGrp/TotalAmt022700
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0103376
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0132423
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09205
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011491
IRS990/PrincipalOfficerNm0STACY ROUPAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Tuition & fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01160877
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0132919
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01230
IRS990/PYOtherExpensesAmt0352804
IRS990/PYOtherRevenueAmt06633
IRS990/PYProgramServiceRevenueAmt01150302
IRS990/PYRevenuesLessExpensesAmt06807
IRS990/PYSalariesCompEmpBnftPaidAmt0931473
IRS990/PYTotalExpensesAmt01284277
IRS990/PYTotalRevenueAmt01291084
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt031539
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01517870
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0200000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021957
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025048
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt035580
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tuition fees payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03091
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PAMPHLETS, BROCHURES, ETC. THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS STATED IN ITS BROCHURES, PAMPHLETS AND WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As of community-based organization, each member family is a full voting member of the cooperative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Trustees is composed of independent trustees and member trustees. Member trustees may elect other member5 trustees but not independent trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of form 990 is provided to certain members of the governing body for review prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Trustees, officers and key employees are required to review and disclose any conflict of interest on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Trustees determines the compensation of the organization's management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Trustees determines the compensation of the organization's officers and key employees.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0558305
IRS990/TotalAssetsEOYAmt0507543
IRS990/TotalAssetsGrp/BOYAmt0558305
IRS990/TotalAssetsGrp/EOYAmt0507543
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0377348
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02083
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023877
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01498159
IRS990/TotalFunctionalExpensesGrp/TotalAmt01524119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0263293
IRS990/TotalLiabilitiesEOYAmt0180992
IRS990/TotalLiabilitiesGrp/BOYAmt0263293
IRS990/TotalLiabilitiesGrp/EOYAmt0180992
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0295012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0326551
IRS990/TotalOtherCompensationAmt015397
IRS990/TotalProgramServiceExpensesAmt01498159
IRS990/TotalProgramServiceRevenueAmt01160877
IRS990/TotalReportableCompFromOrgAmt083766
IRS990/TotalRevenueGrp/ExclusionAmt01153
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01177157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01555658
IRS990/TotalVolunteersCnt062
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0558305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0507543
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt03009
IRS990/TravelGrp/TotalAmt03009
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0295012
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0326551
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0298 Sixth Avenue
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011215
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.brooklynfreespace.org

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.29$1.08$1.63$1.64$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.24$1.09$1.72$1.59$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.35$0.96$1.82$1.43$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.47$0.57$1.28$1.17$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.28$0.46$1.36$1.33$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.26$0.43$1.32$1.27$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.17$0.38$1.53$1.55$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.18$0.40$1.55$1.48$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.18$0.33$1.56$1.52$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.26$0.30$1.29$1.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.27$0.29$1.22$1.21$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.27$0.28$1.16$1.14$0.01
2012Summary only. Only limited summary data is available for this year.$0.54$0.27$0.27$1.10$1.08$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.27$0.25$0.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.24$0.22$0.94