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Nonprofiteer
← BROOKLYN RAIL INC

Form 990 for tax year 2022

Filed by BROOKLYN RAIL INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$1,924,245 changed to $1,883,380
Program service revenue
$1,689,136 changed to $1,855,986
Investment income
$308 changed to -$166,542
Total assets, end of year
$2,416,340 changed to $2,395,108
Total liabilities, end of year
$326,845 changed to $297,247
Net assets or fund balances, end of year
$2,089,495 changed to $2,097,861
Management and general expenses
$632,449 changed to $591,584

Totals

Total revenue
$2,137,164
Total expenses
$1,883,380
Contributions and grants received
$447,720
Grants paid
$0
Program service revenue
$1,855,986
Investment income
-$166,542
Other revenue
$0
Total assets, end of year
$2,395,108
Total liabilities, end of year
$297,247
Net assets or fund balances, end of year
$2,097,861
Program services expenses (Part IX)
$1,234,742
Management and general expenses
$591,584
Fundraising expenses
$57,054
Program service expenses (Part III)
$1,234,742

Program services were 65.6% 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.

  • 1f · All other contributions, gifts and grants

    $447,720

  • 2a · Program service revenue: SPONSORSHIPS

    total $793,000 · excluded $793,000

  • 2b · Program service revenue: ART DONATIONS

    total $612,000 · excluded $612,000

  • 2c · Program service revenue: ADVERTISING

    total $412,640 · excluded $412,640

  • 2d · Program service revenue: SUBSCRIPTIONS

    total $35,013 · excluded $35,013

  • 2e · Program service revenue: ISSUES SALES

    total $3,333 · excluded $3,333

  • 3 · Investment income

    total $308 · excluded $308

  • 7a · Gross sales of assets other than inventory

    other assets $618,150

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

    other assets $785,000

  • 7c · Gain or loss

    other assets -$166,850

  • 7d · Net gain or loss

    total -$166,850 · related or exempt -$166,850

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $705,027 · program services $303,937 · management and general $401,090

  • 9 · Other employee benefits

    total $68,585 · program services $29,567 · management and general $39,018

  • 11b · Fees: legal

    total $9,615 · management and general $9,615

  • 11c · Fees: accounting

    total $70,021 · management and general $70,021

  • 12 · Advertising and promotion

    total $20,489 · program services $20,489

  • 13 · Office expenses

    total $9,765 · program services $7,324 · management and general $2,441

  • 17 · Travel

    total $4,256 · program services $3,192 · management and general $1,064

  • 22 · Depreciation, depletion and amortization

    total $180 · management and general $180

  • 23 · Insurance

    total $15,599 · management and general $15,599

  • 24a · Other expenses: PRODUCTION CONSULTANTS

    total $702,726 · program services $702,726

  • 24b · Other expenses: PRINTING & OTHER EXPENS

    total $203,022 · program services $152,854 · fundraising $50,168

  • 24c · Other expenses: RENT & UTILITIES

    total $29,325 · management and general $29,325

  • 24d · Other expenses: GENERAL & ADMINISTRATIV

    total $22,768 · management and general $22,768

  • 24e · All other expenses

    total $22,002 · program services $14,653 · management and general $463 · fundraising $6,886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $469,509 · end of year $511,634

  • 4 · Accounts receivable

    beginning of year $134,976 · end of year $735,730

  • 8 · Inventories for sale or use

    beginning of year $13,796 · end of year $16,249

  • 10a · Land, buildings and equipment: cost or other basis

    $66,807

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,807

  • 10c · Land, buildings and equipment, net

    beginning of year $180 · end of year $0

  • 15 · Other assets

    beginning of year $1,271,100 · end of year $1,131,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,484 · end of year $250,268

  • 25 · Other liabilities

    beginning of year $0 · end of year $46,979

  • 27 · Net assets without donor restrictions

    beginning of year $1,638,576 · end of year $1,960,011

  • 28 · Net assets with donor restrictions

    beginning of year $205,501 · end of year $137,850

Mission and programs · 2022

Mission

SEE ORGANIZATION'S MISSION STATEMENT ON SCHEDULE O

Activities or mission (Part I)

THE MISSION OF THE BROOKLYN RAIL INC. IS TO PROVIDE AN INDEPENDENT FORUM FOR ARTS, CULTURE, AND POLITICS THROUGHOUT NEW YORK CITY AND FAR BEYOND. ITS JOURNAL, IN ADDITION TO FEATURING LOCAL REPORTING, CRITICISM OF MUSIC, DANCE, FILM, THEATER, ORIGINAL FICTION AND POETRY, COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. IN ORDER TO DEMOCRATIZE ITS ARTS COVERAGE, THE CRITICS PAGE FUNCTIONS WITH A ROTATING EDITORSHIP. THE RAIL FURTHER FULFILLS ITS MISSION BY CURATING ART EXHIBITIONS, PANEL DISCUSSIONS, READING SERIES, AND FILM SCREENINGS THAT RELECT THE COMPLEXITY AND INVENTIVENESS OF THE CITY'S ARTISTIC AND CULTURAL LANDSCAPE.

  • PRINTING AND PUBLISHING THE JOURNAL (CURRENTLY PUBLISHED 10 TIMES ANNUALLY), THE JOURNAL, IN ADDITION TO FEATURING LOCAL REPORTING, CRITICISM OF MUSIC, DANCE, FILM, THEATER, ORIGINAL FICTION AND POETRY, COVERS CONTEMPORARY VISUAL ART IN PARTICULAR DEPTH. BROOKLYN RAIL DISTRIBUTES ITS JOURNAL FREE OF CHARGE AROUND NEW YORK CITY, AND SHIPS TO A GROWING LIST OF NATIONAL AND INTERNATIONAL SUBSCRIBERS.

    Expenses $1,234,742 · Revenue $1,856,360

As filed on the 2022 return.

Listed in Part VII

  • Tony Bechara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phong Bui

    PRESIDENT

    Total calculated
    $62,939
    From this org
    $62,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Juliette Cezzar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Desmond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Glauber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Lachman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dr Elizabeth Broun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erroll McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Zilar

    DIRECTOR

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
21 December 2023
IRS schema version
2022v5.0
Source object
202303559349300520

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