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New York BBB Wise Giving Report for
BRIC Arts Media

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
02/2015
Name:
BRIC Arts Media
Address:
45 Main Street
Suite 530
Brooklyn, NY 11201
Phone:
718-683-5600
Year, State Incorporated:
1979, New York
Affiliates:
None
Stated Purpose:
" BRIC Arts| Media| Bklyn presents quality contemporary art, performing arts and community media programs that reflect Brooklyn's diverse communities, and provides resources and platforms to support the creative process. All our offerings are free, or low cost, to enhance the public's access to and understanding of arts and media. "






Evaluation Conclusions
 

              
BRIC Arts Media meets the 20 Standards for Charity Accountability.




Programs
 

              
"BRIC's contemporary art program includes the presentation of 6-8 exhibitions annually, related public programs, professional development opportunities for Brooklyn artists, and an innovative arts education program with resident art teachers at 15-20 public schools. The work we show is curated with the diverse cultures and artists of Brooklyn in mind. BRIC's programs in the performing arts present music, dance, theater, and film, and support the development of new work. BRIC's flagship performing arts program is the Celebrate Brooklyn! Performing Arts Festival, a highly diverse summer-long season of free performances at the Prospect Park Bandshell. In 2011 and 2012, we also presented a spring season at Brooklyn Bridge Park. BRIC is the community access television organization for the borough of Brooklyn. BRIC community media programs include the BCAT TV Network, BCAT Media Center, Brooklyn Center for Media Education, and three programming initiatives including Brooklyn Independent Television, Brooklyn Free Speech TV, and Brooklyn Bulletin Board. Together, these programs provide a voice for the people of Brooklyn."



Governance
 

              
Chief Executive Officer:
Leslie G. Schultz, President
Compensation*:
$177,232
Chair of the Board:
Lizanne Fontaine
Chair's Profession / Business Affiliation:
Care for the Homeless
Board Size:
25
Paid Staff Size:
100



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 7.7% of related contributions. (Related contributions, which totaled $2,046,616, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information was taken from BRIC Arts Media's Audited Financial Statements from June 2011.

Source of Funds  

Program service revenue

$4,217,195

Government and other grants

802,386

Contributions

524,723

In-kind

408,440

Special Events, Net

311,067

Interest and Dividends

302,494

Net gain on investments

112,516

Total Income

$6,678,821

Program Expenses  

Community media

$2,862,420

Performing arts

1,815,289

Contemporary art

591,827
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

5,269,536
158,551
830,857

$6,258,944

$419,877




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 3%  Administrative 13% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $12,171,667
1,348,912
Ending net assets 13,940,456
Total liabilities 1,664,638

Total assets

$15,605,094






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.