Civic Intelligence

The Brooklyn Events Center Foundation Inc

990 • Fiscal year 2017 • EIN 47-1448155

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileN/A
168 39th Street 7th FloorBrooklyn, NY 11232

(718) 942-9515

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

$57,042

No earlier filing loaded for comparison.

Net Assets

$57,042

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin78th percentile

Revenue

$185,520

No earlier filing loaded for comparison.

Expenses

$146,275

No earlier filing loaded for comparison.

Net Income

$39,245

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2017: $57,042Liabilities 2017: $0Net Assets 2017: $57,0422017Assets 2018: $403,621Liabilities 2018: $359,357Net Assets 2018: $44,2642018Assets 2019: $25,025Liabilities 2019: $12,101Net Assets 2019: $12,9242019Assets 2020: $23,550Liabilities 2020: $12,101Net Assets 2020: $11,4492020

Highlighted filing

2017

Assets$57,042
Liabilities$0
Net Assets$57,042
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2017: $185,520Expenses 2017: $146,275Net Income 2017: $39,2452017Revenue 2018: $363,122Expenses 2018: $375,900Net Income 2018: -$12,7782018Revenue 2019: $35Expenses 2019: $31,375Net Income 2019: -$31,3402019Revenue 2020: $0Expenses 2020: $1,475Net Income 2020: -$1,4752020

Highlighted filing

2017

Revenue$185,520
Expenses$146,275
Net Income$39,245
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$567,919
Mission and Program Overview

Mission

The Brooklyn Events Center Foundations focus is to improve the lives of our community by developing sustainable programs to give back.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,797$56,502▲ $38,705
Accounts Receivable$0$540▲ $540
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$17,797$57,042▲ $39,245
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$17,797$57,042▲ $39,245
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$17,797$57,042▲ $39,245
Total Liabilities and Net Assets / Fund Balance$17,797$57,042▲ $39,245
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Bruce RatnerChairman
Maryanne GilmartinPresident
Brett YormarkSenior Vice President
David BerlinerSenior Vice President
Irina PavlovaSenior Vice President
Ashley CottonVice President
Leo EhrlineChief Experience Officer
Jeff GewirtzSecretary
Charlie MierswaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$477,652
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-292,132
All Other Contributions
$46,282
Change in Net Assets
$39,245

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table13$45,100Fair Market Value
Total Noncash Contributions13$45,100-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,275
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$125,200$0$0$125,200
Grants to Domestic Orgs$10,000--$10,000
Total Functional Expenses$135,200$11,075$0$146,275
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$382,399
Fundraising Gross Income$90,267
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$507,527$90,267$213,222$-122,955
Total Events$507,527$90,267$382,399$-292,132
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
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Line 11B

“Before the form 990 is filed it is distributed to the board of directors for review.”

Form 990, Part VI, Lines 12A-12C

“CONFLICT OF INTEREST POLICY Article XII of the Organizations By-laws, entitled Conflicts of Interest, Contracts And Services of Directors and Officers, requires disclosure by all directors of any relevant interest, financial or otherwise, which may pose conflict of interest questions. Disclosure statements shall be made available to any Director upon request and any "interest" (defined in Section 12.02) relating to any matter before the Board requires immediate disclosure. No Director shall vote on any matter in which he or she has an "interest". Directors possessing any potential threats of conflicts of interest shall not influence any other directors relating to those matters.”

Form 990, Part VI, Lines 15A and 15B

“The organization does not pay compensation to any of its officers, directors, or trustees.”

Form 990, Part VI, Line 19

“All governing documents will be made available upon request. Also, the organization timely files its annual report (nys char 500) with the new york state attorney general's (nysoag) office. The nysoag posts the annual report together with the organization's federal form 990 on the charities bureau website.”

Form 990, Part VI - Governance, Management and Disclosure

“The organization is in the process of drafting the following corporate governance policies: whistleblower, document retention and destruction”

Filing and Contact Details

Filer

Filer Name
The Brooklyn Events Center Foundation Inc
EIN
47-1448155
In Care Of
% EU-GENE SUNG
Phone
7189429515
Address
168 39th Street 7th Floor, BROOKLYN, NY 11232
Doing Business As
Barclays Center Cares

Signing Officer

Name
Eu-gene Sung
Title
CFO
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eu-gene Sung
Formed
2013
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Berdon LLP
Address
360 Madison Ave, New York, NY 10017
Preparer
Meyer Mintz
Phone
2128320400
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS: (A) TO PROVIDE ACCESS AND/OR EXPOSURE TO YOUTHS AND ADULTS IN THE BROOKLYN COMMUNITY TO ATHLETIC, CULTURAL AND COMMUNITY EVENTS WITH THE EXPRESSED GOAL OF ENHANCING QUALITY OF LIFE AND AFFORDING GREATER OPPORTUNITIES FOR PERSONAL GROWTH AND DEVELOPMENT. IT IS ANTICIPATED THAT THE ACCESS AND EXPOSURE WILL BE PROVIDED THROUGH THE SPONSORSHIP OF ATHLETIC EVENTS AND/OR LEAGUES CAREER DAYS, COMMUNITY TOURS FIELD TRIPS AND OTHER SIMILAR UNIQUE PROGRAMMING IN AND AROUND BROOKLYN FOR ATTENDANCE AND/OR PARTICIPATION BY YOUTHS AND ADULTS AND, IF NECESSARY, THE PROVISION OF FINANCIAL ASSISTANCE TO DEFRAY THE COSTS OF SUCH ATTENDANCE OR PARTICIPATION. (B) TO SUPPORT, THROUGH FUNDING AND/OR ENDORSEMENT, EXISTING SERVICES AND FACILITIES IN BROOKLYN THAT ARE CONSISTENT WITH THE CORPORATION'S STATED PURPOSES IDENTIFIED IN SUBPARAGRAPH (A) ABOVE; (C) TO SOLICIT, RECEIVE, MAINTAIN AND ADMINISTER A FUND OR FUNDS OF REAL AND/OR PERSONAL PROPERTY AND APPLY THE WHOLE OR A
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IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt3125200
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IRS990/OtherExpensesGrp/TotalAmt1384
IRS990/OtherExpensesGrp/TotalAmt26500
IRS990/OtherExpensesGrp/TotalAmt3125200
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt010102
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt020848
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt030950
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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RelatedEntityInd0true
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IRS990/RelatedOrganizationsAmt014110
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal170Amt0384254
IRS990ScheduleA/SubstantialContributorsTotAmt095368
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0479622
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0417260
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0382399
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt083185
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt083185
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt085992
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt085992
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0507527
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0213222
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Various Event Tickets and Experiences
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEFORE THE FORM 990 IS FILED IT IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY Article XII of the Organizations By-laws, entitled Conflicts of Interest, Contracts And Services of Directors and Officers, requires disclosure by all directors of any relevant interest, financial or otherwise, which may pose conflict of interest questions. Disclosure statements shall be made available to any Director upon request and any "interest" (defined in Section 12.02) relating to any matter before the Board requires immediate disclosure. No Director shall vote on any matter in which he or she has an "interest". Directors possessing any potential threats of conflicts of interest shall not influence any other directors relating to those matters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY OF ITS OFFICERS, DIRECTORS, OR TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST. ALSO, THE ORGANIZATION TIMELY FILES ITS ANNUAL REPORT (NYS CHAR 500) WITH THE NEW YORK STATE ATTORNEY GENERAL'S (NYSOAG) OFFICE. THE NYSOAG POSTS THE ANNUAL REPORT TOGETHER WITH THE ORGANIZATION'S FEDERAL FORM 990 ON THE CHARITIES BUREAU WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS IN THE PROCESS OF DRAFTING THE FOLLOWING CORPORATE GOVERNANCE POLICIES: WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINES 12A-12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINES 15A AND 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI - GOVERNANCE, MANAGEMENT AND DISCLOSURE
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,042
Liabilities
$0
Net assets
$57,042
Revenue
$185,520
Expenses
$146,275
Net income
$39,245
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.12$0.11$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.12$0.13$0.00$0.31$0.31
2018Summary only. Only limited summary data is available for this year.$4.04$3.59$0.44$3.63$3.76$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.86$1.46$0.39