Form 990 for tax year 2022
Filed by BUSINESS RESOURCE AND INVESTMENT SERVICE CENTER INC.
Totals
- Total revenue
- $634,485
- Total expenses
- $478,475
- Contributions and grants received
- $478,271
- Grants paid
- $0
- Program service revenue
- $38,134
- Investment income
- $76,094
- Other revenue
- $41,986
- Total assets, end of year
- $4,309,743
- Total liabilities, end of year
- $1,541,603
- Net assets or fund balances, end of year
- $2,768,140
- Program services expenses (Part IX)
- $429,434
- Management and general expenses
- $49,041
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $429,434
Program services were 89.8% 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.
-
1d · Related organizations
$478,271
-
2a · Program service revenue: INTEREST ON LOANS
total $38,134 · related or exempt $38,134
-
3 · Investment income
total $76,094 · excluded $76,094
-
11a · Other revenue: MISCELLANEOUS
total $41,986 · related or exempt $41,986
-
11e · Other revenue, total
$41,986
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $286,410 · program services $256,986 · management and general $29,424
-
9 · Other employee benefits
total $14,070 · program services $12,663 · management and general $1,407
-
10 · Payroll taxes
total $23,325 · program services $20,992 · management and general $2,333
-
11b · Fees: legal
total $47,938 · program services $45,439 · management and general $2,499
-
11c · Fees: accounting
total $3,007 · management and general $3,007
-
16 · Occupancy
total $87,723 · program services $78,951 · management and general $8,772
-
23 · Insurance
total $10,833 · program services $9,750 · management and general $1,083
-
24a · Other expenses: MISCELLANEOUS
total $5,169 · program services $4,653 · management and general $516
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200 · end of year $200
-
2 · Savings and temporary cash investments
beginning of year $4,406,208 · end of year $3,525,695
-
3 · Pledges and grants receivable
beginning of year $14,385 · end of year $21,885
-
7 · Other notes and loans receivable
beginning of year $513,881 · end of year $693,107
-
15 · Other assets
beginning of year $11,613 · end of year $68,856
-
17 · Accounts payable and accrued expenses
beginning of year $42,695 · end of year $28,134
-
25 · Other liabilities
beginning of year $2,291,462 · end of year $1,513,469
-
27 · Net assets without donor restrictions
beginning of year $2,612,130 · end of year $2,768,140
Mission and programs · 2022
Mission
PROVIDES FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN UPPER MANHATTAN.
-
TO PROVIDE ELIGIBLE BUSINESSES LOCATED IN THE UPPER MANHATTAN EMPOWERMENT ZONE WITH FINANCIAL ASSISTANCE IN THE FORM OF LOANS AND BUSINESS ADVISORY SERVICES.
Expenses $429,434 · Revenue $80,120
As filed on the 2022 return.
Listed in Part VII
-
BLAIR M DUNCAN
EXECUTIVE DIRECTOR
- Total calculated
- $396,934
- From this org
- $0
- From related orgs
- $302,823
- Other
- $94,111
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $301,635 related
- Bonus
- $0
- Other
- $0 + $1,188 related
- Deferred
- $0 + $52,750 related
- Nontaxable benefits
- $0 + $41,361 related
- Filer's total
- $0 + $396,934 related
-
CHARLES S PATRICK III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
CHELSEA STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
CHRISTOPHER BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
ELEAZAR F BUENO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
GARDNER A RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
GEOFFREY EATON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
GINA L BOLDEN- RIVERA
SVP & CHIEF LENDING OFFICER
- Total calculated
- $190,313
- From this org
- $0
- From related orgs
- $175,310
- Other
- $15,003
- Hours/week
- 2 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $172,936 related
- Bonus
- $0
- Other
- $0 + $2,374 related
- Deferred
- $0 + $8,029 related
- Nontaxable benefits
- $0 + $6,974 related
- Filer's total
- $0 + $190,313 related
-
HARRIET MICHEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
JULIAN JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
LINDA SCOTT
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
LISA DOWNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
REV GEORGIETTE MORGAN-THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
GAFFAR MOHAMED
CFO (OUTGOING)
- Total calculated
- $127,594
- From this org
- $0
- From related orgs
- $105,417
- Other
- $22,177
- Hours/week
- 2 + 37.5 related
-
OLATUNDE ONIYIDE
CFO
- Total calculated
- $131,244
- From this org
- $0
- From related orgs
- $108,583
- Other
- $22,661
- Hours/week
- 2 + 37.5 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 4B
- THE CURRENT CEO (BLAIR DUNCAN) PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN MEETING THE REQUIREMENTS OF SECTION 457(F) OF THE INTERNAL REVENUE SERVICE. THE CURRENT YEAR CONTRIBUTION UNDER THE PLAN WAS $37,500 AND INCLUDED IN PART II COLUMN (C).
- SCHEDULE J, PART I, LINE 3:
- THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY THE RELATED ORGANIZATION, UPPER MANHATTAN EMPOWERMENT ZONE.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UPPER MANHATTAN EMPOWERMENT ZONE
501(C)(3) · TO STIMULATE AND PROMOTE ECONOMIC GROWTH · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440819349300734
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.