Civic Intelligence

Brooklyn Boatworks Inc.

990 • Fiscal year 2017 • EIN 27-1509754

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 19, 2017

68 Jay Street No 601ABrooklyn, NY 11201

(718) 222-4401

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$110,786

Up $8,932 (+8.8%) from 2016

Net Assets

Up

$100,549

Up $7,573 (+8.1%) from 2016

Liabilities

Up

$10,237

Up $1,359 (+15%) from 2016

Revenue And Expenses

Revenue

Up

$239,148

Up $26,393 (+12%) from 2016

Expenses

Up

$231,538

Up $36,660 (+19%) from 2016

Net Income

Down

$7,610

Down $10,267 (-57%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $45,514Net Assets 2013: $45,5142013Assets 2015: $86,893Liabilities 2015: $11,794Net Assets 2015: $75,0992015Assets 2016: $101,854Liabilities 2016: $8,878Net Assets 2016: $92,9762016Assets 2017: $110,786Liabilities 2017: $10,237Net Assets 2017: $100,5492017Assets 2017: $112,780Liabilities 2017: $6,497Net Assets 2017: $106,2832017Assets 2018: $125,576Liabilities 2018: $14,988Net Assets 2018: $110,5882018Assets 2019: $175,145Liabilities 2019: $20,449Net Assets 2019: $154,6962019Assets 2020: $265,860Liabilities 2020: $79,633Net Assets 2020: $186,2272020Assets 2021: $423,793Liabilities 2021: $104,496Net Assets 2021: $319,2972021Assets 2022: $344,339Liabilities 2022: $51,371Net Assets 2022: $292,9682022Assets 2023: $433,312Liabilities 2023: $57,474Net Assets 2023: $375,8382023Assets 2024: $414,792Liabilities 2024: $98,066Net Assets 2024: $316,7262024

Highlighted filing

2017

Assets$110,786
Liabilities$10,237
Net Assets$100,549

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $92,324Expenses 2013: $50,252Net Income 2013: $42,0722013Revenue 2015: $173,899Expenses 2015: $142,620Net Income 2015: $31,2792015Revenue 2016: $212,755Expenses 2016: $194,878Net Income 2016: $17,8772016Revenue 2017: $239,148Expenses 2017: $231,538Net Income 2017: $7,6102017Revenue 2017: $243,114Expenses 2017: $229,770Net Income 2017: $13,3442017Revenue 2018: $356,822Expenses 2018: $352,517Net Income 2018: $4,3052018Revenue 2019: $520,459Expenses 2019: $475,823Net Income 2019: $44,6362019Revenue 2020: $536,076Expenses 2020: $504,545Net Income 2020: $31,5312020Revenue 2021: $619,239Expenses 2021: $486,169Net Income 2021: $133,0702021Revenue 2022: $627,896Expenses 2022: $654,225Net Income 2022: -$26,3292022Revenue 2023: $896,051Expenses 2023: $813,181Net Income 2023: $82,8702023Revenue 2024: $720,171Expenses 2024: $779,283Net Income 2024: -$59,1122024

Highlighted filing

2017

Revenue$239,148
Expenses$231,538
Net Income$7,610
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 19, 2017
Return Version
2016v3.0
Gross Receipts
$247,102
Mission and Program Overview

Mission

Brooklyn boatworks instills academic and life skills in young people through the unique craft of boat building and on-water activities. Boat building programs are held in schools and community organizations throughout new york city, over the length of a school year. During the summer brooklyn boatworks provides a sailing education program, in student-constructed sailboats, along the brooklyn waterfront.

To encourage, inspire and empower young people through the unique craft of wooden boatbuilding and on-the-water experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$7,125$72,500▲ $65,375
Savings and Temporary Cash Investments$73,153$28,476▼ $44,677
Cash and Non-Interest-Bearing Accounts$21,576$9,810▼ $11,766
Total Assets$101,854$110,786▲ $8,932
Liabilities
Accounts Payable and Accrued Expenses$7,278$7,437▲ $159
Deferred Revenue$1,600$2,800▲ $1,200
Total Liabilities$8,878$10,237▲ $1,359
Net Assets / Fund Balance
Unrestricted Net Assets$92,976$100,549▲ $7,573
Total Net Assets Fund Balance$92,976$100,549▲ $7,573
Total Liabilities and Net Assets / Fund Balance$101,854$110,786▲ $8,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marjorie R SchulmanExecutive DirectorFT$79,019$11,688$90,707

Board Members and Trustees

NameTitle
Erin ShakespeareChair
Ian L KelleyDirector
Jeremy MossDirector
Joanna PertzDirector
Joyce GooodmanDirector
Sean YoungDirector
Stephen PollockDirector
Carl PersakSecretary
Stephan ForstmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$186,039
Program Service Revenue
$55,700
Investment Income
$20
Other Revenue
$-2,611
All Other Contributions
$161,432
Change in Net Assets
$7,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$182,700
Other Expenses$48,838
Total Fundraising Expense$27,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$41,594$20,797$20,797$83,188
Other Salaries and Wages$66,240-$3,334$69,574
Office Expenses$19,719$2,095-$21,814
Payroll Taxes$10,178$2,394$1,800$14,372
Other Employee Benefits$12,320$105$105$12,530
Conferences and Meetings$6,367$2,000-$8,367
Insurance$3,671$1,700-$5,371
Travel$3,169--$3,169
Pension Plan Contributions$1,524$762$750$3,036
Fees for Services Accounting-$2,990-$2,990
Occupancy$997$997-$1,994
Fees for Services Other$1,254$493$174$1,921
Advertising$1,540$265$100$1,905
Information Technology-$1,074$233$1,307
Total Functional Expenses$168,573$35,672$27,293$231,538
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,954
Fundraising Gross Income$5,343
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Party$16,950$5,343$5,490$-147
Total Events$16,950$5,343$7,954$-2,611
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Section A, Line 2

Erin shakesphere and carl persak have a family relationship. Ian kelley and joanna pertz have a family relationship. Carl persak and jeremy wurmfeld have a business relationship.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to the full board with explanation and discussion led by the board's treasurer prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed at least annually by the directors. All directors and officers are required to complete and sign a conflict of interest statement annually. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.

Form 990, Part VI, Section B, Line 15A

Executive director salary and salaries for other key employees is regularly compared to published payroll surveys for similar sized not for profit organizations. Other staff salaries are set to be comparable to local rates for similar job title or responsibiilty. Approval of salaries or salary ranges for particular job title is by vote of the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Brooklyn Boatworks Inc
EIN
27-1509754
Phone
7182224401
Address
68 JAY STREET NO 601A, BROOKLYN, NY 11201

Signing Officer

Name
Marjorie R Schulman
Title
Executive Director
Phone
7182224401
Signed
2017-12-19

Organization Details

Principal Officer
Marjorie R Schulman
Formed
2009
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
16
Volunteers
25

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVENUE, NEW YORK, NY 10146
Preparer
Yigit Uctum CPA
Phone
2125511724
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IRS990/RevenueAmt055700
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0186039
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0131036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt072996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt092570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0632534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt037
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt061043
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68450
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0432978
IRS990ScheduleA/SubstantialContributorsTotAmt0199556
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0186039
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149893
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0131036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt072996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt092570
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0632534
IRS990ScheduleA/TotalSupportAmt0632571
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/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011607
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt011607
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07954
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0900
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0900
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING PARTY
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01057
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016950
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016950
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05343
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05343
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2611
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0507
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0507
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05490
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05490
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ERIN SHAKESPHERE AND CARL PERSAK HAVE A FAMILY RELATIONSHIP. IAN KELLEY AND JOANNA PERTZ HAVE A FAMILY RELATIONSHIP. CARL PERSAK AND JEREMY WURMFELD HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD WITH EXPLANATION AND DISCUSSION LED BY THE BOARD'S TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY THE DIRECTORS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR SALARY AND SALARIES FOR OTHER KEY EMPLOYEES IS REGULARLY COMPARED TO PUBLISHED PAYROLL SURVEYS FOR SIMILAR SIZED NOT FOR PROFIT ORGANIZATIONS. OTHER STAFF SALARIES ARE SET TO BE COMPARABLE TO LOCAL RATES FOR SIMILAR JOB TITLE OR RESPONSIBIILTY. APPROVAL OF SALARIES OR SALARY RANGES FOR PARTICULAR JOB TITLE IS BY VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0101854
IRS990/TotalAssetsEOYAmt0110786
IRS990/TotalAssetsGrp/BOYAmt0101854
IRS990/TotalAssetsGrp/EOYAmt0110786
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0186039
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt027293
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035672
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0168573
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08878
IRS990/TotalLiabilitiesEOYAmt010237
IRS990/TotalLiabilitiesGrp/BOYAmt08878
IRS990/TotalLiabilitiesGrp/EOYAmt010237
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt092976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0100549
IRS990/TotalOtherCompensationAmt011688
IRS990/TotalProgramServiceExpensesAmt0168573
IRS990/TotalProgramServiceRevenueAmt055700
IRS990/TotalReportableCompFromOrgAmt079019
IRS990/TotalRevenueGrp/ExclusionAmt0-2591
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0239148
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101854
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0110786
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03169
IRS990/TravelGrp/TotalAmt03169
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt092976
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0100549
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt068 JAY STREET NO 601A
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.BROOKLYNBOATWORKS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARJORIE R SCHULMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07182224401
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROOKLYN BOATWORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0BROO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.98$3.17$7.20$7.79$0.59
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$0.57$3.76$8.96$8.13$0.83
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.51$2.93$6.28$6.54$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$1.04$3.19$6.19$4.86$1.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.80$1.86$5.36$5.05$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.75$0.20$1.55$5.20$4.76$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.15$1.11$3.57$3.53$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.06$1.06$2.43$2.30$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.10$1.01$2.39$2.32$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.09$0.93$2.13$1.95$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.12$0.75$1.74$1.43$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.46$0.92$0.50$0.42