irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $2.17MINVEST IN YOUTH GRANT PORTFOLIO:IN FY24, THE FOUNDATION INVESTED $1,890,000 THROUGH A UNIQUE SET OF PROGRAMS TO 43 YOUTH-SERVING NONPROFITS FROM OUR INVEST IN YOUTH GRANT PROGRAM FOCUSED ON BUILDING YOUTH LEADERSHIP AND SUPPORTING IMMIGRANT AND JUSTICE-INVOLVED YOUTH.
- #2 $857KWELLNESS AND RECOVERY FUND:BROOKLYN ORG ESTABLISHED THE WELLNESS AND RECOVERY FUND FROM CHARITABLE ASSETS THAT REMAINED AFTER THE OFFICE OF THE ATTORNEY GENERAL (OAG) DISSOLVED CANARSIE A.W.A.R.E., INC. FOR ITS PARTICIPATION IN A SCHEME THAT EXPLOITED SOME OF NEW YORK'S MOST VULNERABLE RESIDENTS AND DEFRAUDED MEDICAID. THE $2.2 MILLION FUND SUPPORTS ORGANIZATIONS WORKING TO ENSURE THAT THOSE WHO NAVIGATE THE DIFFICULT ROAD OF SUBSTANCE ABUSE AND ADDICTION DO SO WITH RELIABLE SUPPORT THAT HONORS THEIR AGENCY AND DIGNITY. IN FY24, THE FOUNDATION DISTRIBUTED X TO 10 LOCAL ORGANIZATIONS.
named programs · 3 · from sources
What they call their work
Brooklyn COVID-19 Response Fund
Emergency response fund launched in 2020 with a focus on racial justice, providing support to nonprofits serving communities of color across Brooklyn.
Invest in Youth Grant Portfolio
Provides grants to youth-serving nonprofits in Brooklyn focused on building youth leadership and supporting immigrant and justice-involved youth.
Wellness and Recovery Fund
Supports organizations providing dignity-centered services for individuals navigating substance abuse and addiction, including harm reduction and systems change efforts.
activities · 2 groups
What they do
-
Flexible Grants to Grassroots Organizations 3 activities
- Funding community nonprofits through the Brooklyn COVID-19 Response FundCommitted over $6.5 million in emergency funding to nonprofits across Brooklyn via the Brooklyn COVID-19 Response Fund to address urgent community needs during the pandemic.
- Funding dignity-centered services for individuals navigating substance abuse and addictionDistributes grants to 10 local organizations in Brooklyn that provide dignity-centered services for individuals facing substance abuse and addiction challenges.
- Funding youth leadership and support programs for immigrant and justice-involved youthProvides grants to 43 Brooklyn-based nonprofit organizations focused on building youth leadership and supporting immigrant and justice-involved youth.
-
-
General Operating Support Grants 1 activity
- Investing annually in Brooklyn-based nonprofits addressing community issuesInvests millions of dollars each year in Brooklyn-based nonprofits working on a broad range of community issues, including equity, health, education, and economic justice.
-
financials · form 990 · fy2023
revenue
Total revenue$39.34M
Contributions & grants$32.44M82%
Program service revenue$00%
Investment income$6.18M16%
Other revenue$723K
expenses
Total expenses$24.42M
Program expenses84%
Admin / overhead14%
Fundraising3%
Salaries & benefits$2.46M
Grants paid out$19.34M
Largest expense lineCompensation
balance sheet
Total assets$141.98M
Cash$21.20M
Investments$119.87M
Liabilities$2.19M
Net assets$139.79M
Liquid reserves69.3 mo
4 years on record · 2020–2023 · YoY revenue +351.7%
leadership · form 990 part vii · fy2023
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JOCELYNNE RAINEY | CEO & PRESIDENT | 35 | $308K |
| LIANE STEGMAIER | CHIEF OF STAFF, VP OF COMMUNICATIONS | 35 | $204K |
| SABRINA HARGRAVE | PROGRAM OFFICER/DIRECTOR OF PROGRAMS | 35 | $166K |
board members · 22
- ANDI PHILLIPS — BOARD MEMBER
- CARLEY RONEY — BOARD MEMBER
- CARMENCITA WHONDER — BOARD MEMBER
- CONSTANCE SARGENT — PROGRAM CHAIR
- HARSHA MARTI — CO-CHAIR
- HILARY JAGER — VICE CHAIR (2024)
- KATHERINE DARROW — SECRETARY
- LAWANNA KIMBRO — BOARD MEMBER
- LESLEIGH IRISH-UNDERWOOD — BOARD MEMBER
- LORENA KOUROUSIAS — BOARD MEMBER
- MAMIE KANFER STEWART — GOVERNANCE CHAIR
- MICHAEL GILLESPIE — BOARD CHAIR (2024)/TREASURER
- MICHELLE DEFOSSETT — GOVERNANCE CHAIR
- NICOLE GUERON — CO-CHAIR
- NOA MEYER — BOARD MEMBER
- PETER FURCHI — BOARD MEMBER
- RACHEL TIMONER — BOARD MEMBER
- SARAH WILLIAMS — BOARD MEMBER
- SHAHEEN RUSHD — BOARD MEMBER
- SHELLEY STEWART — BOARD MEMBER
- SUSANNAH TAYLOR — BOARD MEMBER
- TANYA FRIEDMAN — BOARD MEMBER
relationships · 2
Who they work with
- Brooklyn Org Network — Brooklyn Community Foundation operates the Brooklyn Org platform as part of its local philanthropy initiative.
- Office of the Attorney General (OAG) Government — Collaborated with OAG to establish the Wellness and Recovery Fund using assets from the dissolution of Canarsie A.W.A.R.E., Inc.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Engaged Philanthropymethodology: community_engaged_philanthropyBy involving Brooklyn residents in giving and volunteering decisions, we produce more equitable and effective community change because local participation ensures that funding reflects community priorities and builds grassroots ownership.
- Dignity-Centered Harm Reductionmethodology: dignity_centered_harm_reductionBy funding harm reduction and systems change efforts that center the agency of people affected by substance use, we produce more effective and sustainable recovery outcomes because respecting individual autonomy increases engagement and reduces stigma.
- Youth-Led Grantmakingmethodology: youth_led_grantmakingBy placing funding decisions in the hands of young people, particularly from immigrant and justice-involved backgrounds, we advance equity and leadership development because youth leadership fosters authentic representation and systemic change rooted in lived experience.