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Nonprofiteer
← BROOKLYN TECH ALUMNI FOUNDATION INC

Form 990 for tax year 2022

Filed by BROOKLYN TECH ALUMNI FOUNDATION INC.

Totals

Total revenue
$2,007,100
Total expenses
$2,162,067
Contributions and grants received
$2,185,827
Grants paid
$94,804
Program service revenue
$0
Investment income
$269,303
Other revenue
-$448,030
Total assets, end of year
$16,020,857
Total liabilities, end of year
$185,579
Net assets or fund balances, end of year
$15,835,278
Program services expenses (Part IX)
$1,121,045
Management and general expenses
$732,164
Fundraising expenses
$308,858
Program service expenses (Part III)
$1,121,045

Program services were 51.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $399,800

  • 1f · All other contributions, gifts and grants

    $1,786,027

  • 1g · Noncash contributions included above

    $2,072

  • 3 · Investment income

    total $350,366 · excluded $350,366

  • 7a · Gross sales of assets other than inventory

    securities $1,807,708

  • 7b · Less cost or other basis and sales expenses

    securities $1,888,771

  • 7c · Gain or loss

    securities -$81,063

  • 7d · Net gain or loss

    total -$81,063 · excluded -$81,063

  • 8a · Fundraising events: gross income

    $241,482

  • 8a · Fundraising events: contributions included on line 1c

    $399,800

  • 8b · Fundraising events: direct expenses

    $697,564

  • 8c · Net income from fundraising events

    total -$456,082 · excluded -$456,082

  • 10a · Gross sales of inventory

    $23,043

  • 10b · Cost of goods sold

    $14,991

  • 10c · Net income from sales of inventory

    total $8,052 · related or exempt $8,052

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $94,804 · program services $94,804

  • 5 · Compensation of officers, directors and key employees

    total $170,381 · program services $107,340 · management and general $57,929 · fundraising $5,112

  • 7 · Other salaries and wages

    total $507,398 · program services $319,661 · management and general $172,516 · fundraising $15,221

  • 8 · Pension plan contributions

    total $9,751 · program services $6,143 · management and general $3,315 · fundraising $293

  • 9 · Other employee benefits

    total $133,931 · program services $84,377 · management and general $45,537 · fundraising $4,017

  • 10 · Payroll taxes

    total $66,210 · program services $41,713 · management and general $22,511 · fundraising $1,986

  • 11b · Fees: legal

    total $17,675 · management and general $17,675

  • 11c · Fees: accounting

    total $77,461 · management and general $77,461

  • 11d · Fees: lobbying

    total $72,900 · program services $72,900

  • 11e · Fees: professional fundraising services

    total $251,964 · fundraising $251,964

  • 11f · Fees: investment management

    total $49,663 · management and general $49,663

  • 11g · Fees: other

    total $208,279 · program services $90,397 · management and general $112,764 · fundraising $5,118

  • 12 · Advertising and promotion

    total $73,101 · program services $71,948 · management and general $848 · fundraising $305

  • 13 · Office expenses

    total $130,083 · program services $31,704 · management and general $74,734 · fundraising $23,645

  • 14 · Information technology

    total $41,000 · management and general $40,542 · fundraising $458

  • 17 · Travel

    total $1,550 · program services $1,455 · management and general $10 · fundraising $85

  • 22 · Depreciation, depletion and amortization

    total $33,955 · management and general $33,955

  • 23 · Insurance

    total $5,111 · management and general $5,111

  • 24a · Other expenses: EDUCATIONAL SUPPORT

    total $137,732 · program services $137,732

  • 24b · Other expenses: EDUCATIONAL EXPENSES

    total $49,712 · program services $49,684 · management and general $28

  • 24c · Other expenses: BOARD EXPENSES

    total $16,472 · management and general $16,472

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,711 · program services $10,996 · management and general $72 · fundraising $643

  • 24e · All other expenses

    total $1,223 · program services $191 · management and general $1,021 · fundraising $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,790 · end of year $175,189

  • 2 · Savings and temporary cash investments

    beginning of year $796,231 · end of year $571,973

  • 3 · Pledges and grants receivable

    beginning of year $171,133 · end of year $462,561

  • 4 · Accounts receivable

    beginning of year $65,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $225,071 · end of year $80,731

  • 12 · Investments: other securities

    beginning of year $13,609,608 · end of year $14,665,323

  • 14 · Intangible assets

    beginning of year $99,035 · end of year $65,080

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,700 · end of year $111,124

  • 18 · Grants payable

    beginning of year $81,872 · end of year $74,455

  • 25 · Other liabilities

    beginning of year $390 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,179,121 · end of year $1,288,417

  • 28 · Net assets with donor restrictions

    beginning of year $13,571,785 · end of year $14,546,861

Mission and programs · 2022

Mission

THE MISSION OF THE FOUNDATION IS TO SUPPORT BROOKLYN TECHNICAL HIGH SCHOOL AS THE PREMIER SPECIALIZED HIGH SCHOOL FOR STEM - SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS BY HARNESSING THE INTELLECTUAL AND FINANCIAL POWER OF TECH ALUMNI. WE SUPPORT CURRICULUM AND FACILITIES ENHANCEMENTS, FACULTY SUPPORT AND DEVELOPMENT AND TRANSFORMATIONAL LEARNING EXPERIENCES FOR STUDENTS. WE RECONNECT AND ENGAGE ALUMNI TO SUPPORT OUR EDUCATIONAL PROGRAMS AND CREATE AND SUSTAIN PARTNERSHIPS WITH CORPORATIONS, UNIVERSITIES AND INDUSTRY TO BENEFIT BROOKLYN TECH. WE CELEBRATE OUR HISTORY AND STRATEGICALLY PARTNER WITH BROOKLYN TECH TO SUSTAIN OUR LEGACY OF EXCELLENCE.

Activities or mission (Part I)

THE MISSION OF THE FOUNDATION IS TO SUPPORT BROOKLYN TECHNICAL HIGH SCHOOL AS THE PREMIER SPECIALIZED HIGH SCHOOL FOR STEM - SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS BY HARNESSING THE INTELLECTUAL AND FINANCIAL POWER OF TECH ALUMNI.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $270,131 · Grants $94,804 · Revenue $8,052

  • ALUMNI ENGAGEMENT PROGRAM: THIS PROGRAM FOSTERS TIES WITH ITS ALUMNI TO SUPPORT EDUCATIONAL PROGRAMS TO INCLUDE THE FOLLOWING:HOMECOMING: AN ANNUAL EVENT THAT HIGHLIGHTS BROOKLYN TECH'S EDUCATIONAL PROGRAMS. IT INVOLVES APPROXIMATELY 500 STUDENTS AS WELL AS CURRENT AND RETIRED FACULTY. THE IKE HELLER '43 CENTER FOR COMPUTER INTEGRATED MANUFACTURING AND ROBOTICS: A STATE-OF-THE ART FACILITY FOR STUDENT LEARNING, PROFESSIONAL DEVELOPMENT AND CAREER PREPARATION. THE CENTER HAS UNDERGONE A NUMBER OF ITERATIONS TO MAKE CUTTING EDGE TECHNOLOGY AVAILABLE TO BOTH STUDENTS AND TEACHERS. IT PROVIDES STUDENTS AND FACULTY WITH A HIGH TECH, LEARNING ENVIRONMENT THAT MEETS UNIVERSITY AND INDUSTRY STANDARDS. IN THE CENTER, STUDENTS IN THE ELECTRICAL ENGINEERING, MECHATRONICS, AND ROBOTICS CLASSES CONVERT COMPUTER-ASSISTED DESIGNS INTO THREE-DIMENSIONAL PROTOTYPES USING 3D PRINTERS AND UTILIZE CNC MACHINES TO MANUFACTURE THE PARTS.RECENT ALUMNI DAY: ALUMNI WHO HAVE GRADUATED DURING THE LAST FIVE YEARS, COME BACK TO TECH TO MEET WITH CLASSES. THEY DISCUSS COLLEGE LIFE, CAREER PATHWAYS AND OTHER POST-SECONDARY OPPORTUNITIES. THEY ALSO DISCUSS HOW TECH PREPARED THEM FOR COLLEGE. THE PROGRAM RESUMED IN FY23 AFTER A COVID HIATUS AND WAS ATTENDED BY OVER 400 ALUMNI.RUBY ENGINEERS: CONNECTS CURRENT TECH FEMALE STUDENTS TO OUR FEMALE GRADUATES. PROVIDES SESSIONS ON COLLEGE AND CAREER OPTIONS, RESUME WRITING AND INTERVIEWING AND INTRODUCES CURRENT STUDENTS TO THE VAST NETWORK OF WOMEN PROFESSIONALS WHO HAVE GRADUATED FROM TECH. THIS PROGRAM IS ON A TEMPORARY HIATUS DUE TO STAFF CAPACITY.

    Expenses $431,013

  • THE WESTON RESEARCH SCHOLARS PROGRAM (WRSP): THIS PROGRAM IS DESIGNED TO PROVIDE STUDENTS WITH A THREE-YEAR OPPORTUNITY TO PARTICIPATE IN THE CREATION OF RESEARCH PROJECTS. THE WRSP BUILDS ON BROOKLYN TECH'S STRONG STEM-BASED CURRICULUM, THE EXCEPTIONAL TALENTS OF BROOKLYN TECH FACULTY AND STUDENTS, AND THE TREMENDOUS RESEARCH OPPORTUNITIES AT NYC COLLEGES, UNIVERSITIES AND RESEARCH FACILITIES. THE PROGRAM IS UNIQUE IN ITS STRUCTURE, INCORPORATING AN INTERNAL MENTOR MODEL CONSISTING OF BROOKLYN TECH TEACHERS WITH RESEARCH EXPERIENCE, STUDENT RESEARCH TEAMS, ONGOING ACTIVITIES THROUGH THE ACADEMIC YEAR AND SUMMER, AND EXTERNAL MENTORS AT MULTIPLE COLLEGES, UNIVERSITIES AND RESEARCH FACILITIES. THE STUDENTS WHO PARTICIPATE IN THIS PROGRAM DEVELOP PROJECTS THAT ARE WORTHY OF SUBMISSION TO THE REGENERON SCIENCE TALENT SEARCH, REGENERON SCIENCE AND ENGINEERING FAIR, THE GOOGLE SCIENCE FAIR, ACT-SO. APPROXIMATELY 105 STUDENTS ARE ENROLLED WITH FIVE TEACHERS SERVING AS MENTORS.

    Expenses $419,901

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Marcel Vaughn-Handy

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $147,500
    From this org
    $147,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $147,500

  • Courtney Ulrich

    EXECUTIVE DIRECTOR

    Total calculated
    $101,919
    From this org
    $88,487
    From related orgs
    $0
    Other
    $13,432
    Hours/week
    40

  • Denice Clarke Ware

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Anthony P Schirripa

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Bola Oyedijo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • David Lee

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • James Dibenedetto

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Ned Steele

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Achilles Perry

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Kong

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deepti Sharma

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Edward Lagrassa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Giselle Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Horace H Davis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Albert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lesleigh Irish-Underwood

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Weiss

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Penelope Kokkinides

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Salvatore Lentini

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tomas Hernandez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Valmira Popinara

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wilton Cedeno

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202401099349300835

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