Civic Intelligence

North Brooklyn Chamber of Commerce Inc

EIN 46-1128358 • 501(c)6 • Brooklyn, NY

Profile

To unite, support, promote, and advocate for Bushwick, Greenpoint, and Williamsburg businesses. Our goal is to positively affect the communitys commercial landscape and help stimulate the local economy in North Brooklyn New York City

PO Box 220025Brooklyn, NY 11222

www.northbrooklynchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-189%

Higher net margin than 1% of similar nonprofits.

NTEE S41 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$84,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 163.6% of source-year revenue.

NTEE S41 • $500k-$1M nonprofits • Source year 2024

Asset Growth

18th percentile

-13%

Faster asset growth than 18% of similar nonprofits.

NTEE S41 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

NTEE S41 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$633,742

Down $96,973 (-13%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$633,742

Down $96,973 (-13%) from 2023

Operations
Liabilities / Revenue33rd percentileNet Margin1st percentile

Revenue

Down

$51,351

Down $737,227 (-93%) from 2023

Expenses

Up

$148,324

Up $89,754 (+153%) from 2023

Net Income

Down

-$96,973

Down $826,981 (-113%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2015: $22,840Liabilities 2015: $0Net Assets 2015: $22,8402015Assets 2016: $34,427Liabilities 2016: $0Net Assets 2016: $34,4272016Assets 2017: $38,362Liabilities 2017: $0Net Assets 2017: $38,3622017Assets 2018: $28,302Liabilities 2018: $0Net Assets 2018: $28,3022018Assets 2019: $22,350Liabilities 2019: $0Net Assets 2019: $22,3502019Assets 2023: $730,715Liabilities 2023: $0Net Assets 2023: $730,7152023Assets 2024: $633,742Liabilities 2024: $0Net Assets 2024: $633,7422024

Highlighted filing

2024

Assets$633,742
Liabilities$0
Net Assets$633,742
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $224,130Expenses 2015: $215,846Net Income 2015: $8,2842015Revenue 2016: $219,874Expenses 2016: $208,287Net Income 2016: $11,5872016Revenue 2017: $165,060Expenses 2017: $161,125Net Income 2017: $3,9352017Revenue 2018: $104,041Expenses 2018: $114,101Net Income 2018: -$10,0602018Revenue 2019: $63,572Expenses 2019: $69,524Net Income 2019: -$5,9522019Revenue 2023: $788,578Expenses 2023: $58,570Net Income 2023: $730,0082023Revenue 2024: $51,351Expenses 2024: $148,324Net Income 2024: -$96,9732024

Highlighted filing

2024

Revenue$51,351
Expenses$148,324
Net Income-$96,973
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$633,742
Liabilities
$0
Net assets
$633,742
Revenue
$51,351
Expenses
$148,324
Net income
-$96,973
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.34$0.00$6.34$0.51$1.48$0.97
2023Detailed filing. Detailed filing data is available for this year.$7.31$0.00$7.31$7.89$0.59$7.30
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.64$0.70$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$1.04$1.14$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$1.65$1.61$0.04
2016Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$2.20$2.08$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$2.24$2.16$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.1
Gross Receipts
$51,351
Mission and Program Overview

Mission

To unite and advocate for the varied businesses of Greenpoint, Williamsburg and Bushwick around the shared goal of improving the communitys commercial landscape and stimulating the local economy.

To unite, support, promote, and advocate for Bushwick, Greenpoint, and Williamsburg businesses. Our goal is to positively affect the communitys commercial landscape and help stimulate the local economy in North Brooklyn New York City

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$729,316$632,343▼ $96,973
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$730,715$633,742▼ $96,973
Other Assets Total$1,399$1,399→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$730,715$633,742▼ $96,973
Total Net Assets Fund Balance$730,715$633,742▼ $96,973
Total Liabilities and Net Assets / Fund Balance$730,715$633,742▼ $96,973
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul R SamulskiPresidentPT$84,000$84,000

Board Members and Trustees

NameTitle
Kevin M ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,620
Program Service Revenue
$0
Investment Income
$24,731
Other Revenue
$0
Change in Net Assets
$-96,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$84,000
Other Expenses$64,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$84,000--$84,000
Other Expenses$16,682$4,814-$4,814
Insurance-$1,798-$1,798
All Other Expenses-$5-$5
Total Functional Expenses$127,082$21,242$0$148,324
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
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, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
North Brooklyn Chamber of Commerce Inc
EIN
46-1128358
Address
PO Box 220025, Brooklyn, NY 11222

Signing Officer

Name
Paul R Samulski
Title
President
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
1930
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
River and Iron
Address
280 S Oak St, Manheim, PA 17545
Preparer
Derek B Kellett CPA
Phone
5708985797
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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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