Liabilities / Assets
8th percentile
Tied with the lowest-debt nonprofits in its peer group.
The Fund for Bric Community Media Inc
EIN 27-1120036 • 501(c)3 • Brooklyn, NY
Profile
To support and benefit the public access community media activities and projects of bric arts media bklyn, inc.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
7th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 28.9% of source-year revenue.
Asset Growth
50th percentile
Faster asset growth than 50% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Up$23,973,020
Up $2,555,575 (+12%) from 2022
Liabilities
Down$0
Down $1,580 (-100%) from 2022
Net Assets
Up$23,973,020
Up $2,557,155 (+12%) from 2022
Revenue
Up$1,185,106
Up $455,434 (+62%) from 2022
Expenses
Down$18,206
Down $7,798 (-30%) from 2022
Net Income
Up$1,166,900
Up $463,232 (+66%) from 2022
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $23,973,020
- Liabilities
- $0
- Net assets
- $23,973,020
- Revenue
- $1,185,106
- Expenses
- $18,206
- Net income
- $1,166,900
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $3,768,697
Mission and Program Overview
Mission
To support and benefit the public access community media activities and projects of bric arts media bklyn, inc.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $23,270,832 | $22,818,801 | ▼ $452,031 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $23,270,832 | $23,973,020 | ▲ $702,188 |
| Other Assets Total | $0 | $1,154,219 | ▲ $1,154,219 |
| Liabilities | |||
| Other Liabilities | $26,843 | $0 | ▼ $26,843 |
| Accounts Payable and Accrued Expenses | $732 | - | - |
| Total Liabilities | $27,575 | $0 | ▼ $27,575 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $23,243,257 | $23,973,020 | ▲ $729,763 |
| Total Net Assets Fund Balance | $23,243,257 | $23,973,020 | ▲ $729,763 |
| Total Liabilities and Net Assets / Fund Balance | $23,270,832 | $23,973,020 | ▲ $702,188 |
Compensation and Service Providers
Employees
| Name | Title | Other | Total |
|---|---|---|---|
| Wesley Jackson | President | $342,219 | $342,219 |
Board Members and Trustees
| Name | Title |
|---|---|
| Michael Liburd | Chair |
| Desiree Davis | Board Member |
| Robert China | Board Member |
| Daniel Wiener | Secretary/treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $1,185,106
- Other Revenue
- $0
- Change in Net Assets
- $1,166,900
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,185,106
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $1,562,863
- Other Revenue Adjustments
- $0
- Total Revenue per Audited Statements
- $2,747,969
- Total Revenue per Form 990
- $1,185,106
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $18,206 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | $17,200 | - | $17,200 |
| Fees for Services Legal | - | $1,006 | - | $1,006 |
| Total Functional Expenses | $0 | $18,206 | $0 | $18,206 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $18,206 |
| Total Expenses per Audited Statements | $18,206 |
| Total Expenses per Form 990 | $18,206 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Other Expense Adjustments | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- 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
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Line 3 Delegation of management duties
“The fund for bric community media inc has an administrative services agreement with bric arts media bklyn. The fund pays fees in exchange for certain services including administrative services, financial services, board services, and donor relations services.”
Form 990, Part VI, Line 6 Classes of members or stockholders
“Bric arts media bklyn, inc (bric) is the sole member of the fund for bric community media inc.”
Form 990, Part VI, Line 7A Members or stockholders electing members of governing body
“Bric is the sole member of the fund for bric community media inc. The president and chair of bric are ex-officio members (with voting rights) of the board of directors of the fund for bric community media inc. The bric board of directors elects the remaining board members of the fund for bric community media inc.”
Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders
“Decisions of the governing body are subject to approval of the sole member, bric arts media bklyn, inc.”
Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body
“The fund for bric community media inc has no committees.”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“The draft form 990 was reviewed in detail by bric management and the board audit committee. Suggestions by board members were reviewed by bric management, and with the independent auditor if relevant, and the document was finalized and submitted.”
Form 990, Part VI, Line 12C Conflict of interest policy
“Directors and officers complete a conflict of interest statement prior to their appointment and annually thereafter. The statement identifies any related party transactions, which are defined to be a conflict of interest under the law. The board of directors of bric (as sole member) considers these statements before voting on membership, t0 determine if candidates can be expected to have frequent related party transactions. The board of directors of the fund for bric community media reviews the annual statements and any potential concerns that arise. Directors, officers and key employees must promptly disclose any related party transaction, with all material facts to the board of the fund for bric community media. The director, officer or key employee involved in the transaction may provide information prior to deliberation, but may not be present during deliberation by the board. Related party transactions are not necessarily prohibited. The board must determine if the transaction is fair, reasonable and in the best interest of the organization, and must consider alternative transactions if the related party has a substantial interest. The board makes a decision by majority vote of independent members. All actions regarding related party transactions are recorded contemporaneously in minutes of the board.”
Form 990, Part VI, Line 19 Required documents available to the public
“These documents are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Fund for BRIC Community Media Inc
- EIN
- 27-1120036
- Phone
- 7186835600
- Address
- 647 FULTON STREET, BROOKLYN, NY 11217
Signing Officer
- Name
- Wes Jackson
- Title
- President
- Phone
- 7186835600
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2009
- Legal Domicile
- Ny
- Voting Board Members
- 5
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Forvis Mazars LLP
- Address
- 135 West 50th Street, New York, NY 10020
- Preparer
- Aaron Shapiro
- Phone
- 2128127000
Supplemental Narrative
Additional Explanations
Form 990, Part XI, Line 9 Other changes in net assets or fund balances
“Transfer to related entity - -2000000;”
Raw XML AppendixShowing 400 of 418 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/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | BRIC ARTS MEDIA BKLYN INC |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FUND FOR BRIC COMMUNITY MEDIA INC HAS AN ADMINISTRATIVE SERVICES AGREEMENT WITH BRIC ARTS MEDIA BKLYN. THE FUND PAYS FEES IN EXCHANGE FOR CERTAIN SERVICES INCLUDING ADMINISTRATIVE SERVICES, FINANCIAL SERVICES, BOARD SERVICES, AND DONOR RELATIONS SERVICES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BRIC ARTS MEDIA BKLYN, INC (BRIC) IS THE SOLE MEMBER OF THE FUND FOR BRIC COMMUNITY MEDIA INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BRIC IS THE SOLE MEMBER OF THE FUND FOR BRIC COMMUNITY MEDIA INC. THE PRESIDENT AND CHAIR OF BRIC ARE EX-OFFICIO MEMBERS (WITH VOTING RIGHTS) OF THE BOARD OF DIRECTORS OF THE FUND FOR BRIC COMMUNITY MEDIA INC. THE BRIC BOARD OF DIRECTORS ELECTS THE REMAINING BOARD MEMBERS OF THE FUND FOR BRIC COMMUNITY MEDIA INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF THE SOLE MEMBER, BRIC ARTS MEDIA BKLYN, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FUND FOR BRIC COMMUNITY MEDIA INC HAS NO COMMITTEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE DRAFT FORM 990 WAS REVIEWED IN DETAIL BY BRIC MANAGEMENT AND THE BOARD AUDIT COMMITTEE. SUGGESTIONS BY BOARD MEMBERS WERE REVIEWED BY BRIC MANAGEMENT, AND WITH THE INDEPENDENT AUDITOR IF RELEVANT, AND THE DOCUMENT WAS FINALIZED AND SUBMITTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | DIRECTORS AND OFFICERS COMPLETE A CONFLICT OF INTEREST STATEMENT PRIOR TO THEIR APPOINTMENT AND ANNUALLY THEREAFTER. THE STATEMENT IDENTIFIES ANY RELATED PARTY TRANSACTIONS, WHICH ARE DEFINED TO BE A CONFLICT OF INTEREST UNDER THE LAW. THE BOARD OF DIRECTORS OF BRIC (AS SOLE MEMBER) CONSIDERS THESE STATEMENTS BEFORE VOTING ON MEMBERSHIP, T0 DETERMINE IF CANDIDATES CAN BE EXPECTED TO HAVE FREQUENT RELATED PARTY TRANSACTIONS. THE BOARD OF DIRECTORS OF THE FUND FOR BRIC COMMUNITY MEDIA REVIEWS THE ANNUAL STATEMENTS AND ANY POTENTIAL CONCERNS THAT ARISE. DIRECTORS, OFFICERS AND KEY EMPLOYEES MUST PROMPTLY DISCLOSE ANY RELATED PARTY TRANSACTION, WITH ALL MATERIAL FACTS TO THE BOARD OF THE FUND FOR BRIC COMMUNITY MEDIA. THE DIRECTOR, OFFICER OR KEY EMPLOYEE INVOLVED IN THE TRANSACTION MAY PROVIDE INFORMATION PRIOR TO DELIBERATION, BUT MAY NOT BE PRESENT DURING DELIBERATION BY THE BOARD. RELATED PARTY TRANSACTIONS ARE NOT NECESSARILY PROHIBITED. THE BOARD MUST DETERMINE IF THE TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION, AND MUST CONSIDER ALTERNATIVE TRANSACTIONS IF THE RELATED PARTY HAS A SUBSTANTIAL INTEREST. THE BOARD MAKES A DECISION BY MAJORITY VOTE OF INDEPENDENT MEMBERS. ALL ACTIONS REGARDING RELATED PARTY TRANSACTIONS ARE RECORDED CONTEMPORANEOUSLY IN MINUTES OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Transfer to related entity - -2000000; |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 3 Delegation of management duties |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 6 Classes of members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 12c Conflict of interest policy |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | THE FUND FOR BRIC INC |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 271119965 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(c)(3) |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | SUPPORT |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WES JACKSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
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