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Grow Brooklyn Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261410513 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Grow Brooklyn Inc?

Grow Brooklyn Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 1474 Myrtle Avenue, 11237. Their primary mission is to empower their community by helping individuals preserve and expand their assets, thereby ensuring a secure financial future. An essential part of their work involves partnering annually with the IRS to provide free tax preparation services to low-income individuals. With a commitment to service, Grow Brooklyn Inc has been one of the IRS' top 50 VITA (Volunteer Income Tax Assistance) providers for the past 12 years, catering to over 8,000 tax returns annually. Around one-third of these returns include the Earned Income Credit (EIC). With a dedicated staff of 48 employees, Grow Brooklyn Inc plays a significant role in the Brooklyn community, contributing to financial stability and growth for its members.


Official website here: www.growbrooklyn.org/

Is Grow Brooklyn Inc legitimate?

Grow Brooklyn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grow Brooklyn Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $79,128
Professional Fundraising Fees: $0
Other Salaries and Wages: $770,862

For more financial information, click here


Official website here: www.growbrooklyn.org/

What is the mission statement of Grow Brooklyn Inc?

Grow Brooklyn Inc, a non-profit organization, aims to empower its community members by helping them preserve and grow their assets. This mission is designed to secure their economic future. The organization annually partners with the IRS to provide quality, free tax preparation services to low-income individuals. Over the past 12 years, Grow Brooklyn Inc has become one of the IRS' top 50 VITA (Volunteer Income Tax Assistance) providers in the country, preparing over 8,000 tax returns annually. A significant portion of these returns claim the Earned Income Credit (EIC).


Official website here: www.growbrooklyn.org/

Who is the CEO of Grow Brooklyn Inc?

Makeela Brathwaite is the Secretary of Grow Brooklyn Inc.


Official website here: www.growbrooklyn.org/

What is the revenue of Grow Brooklyn Inc?

Grow Brooklyn Inc's revenue in 2022 was $1,322,701.


Official website here: www.growbrooklyn.org/

Who are the executives of Grow Brooklyn Inc and what are their salaries?

The average compensation at Grow Brooklyn Inc during 2022 was $17,708. There are 48 employees and 60 volunteers at Grow Brooklyn Inc.

Here are 6 key members and their salaries:

    Makeela Brathwaite (Executive Director)
  • Compensation: $67,802
  • Related: $0
  • Other: $0

    • Nnenne Okorafor (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darren Liddell (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phillip Reyland (Chair Until June 2022) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aissatou Barry (Treasurer/Chair; Eff. June 2022) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samira Rajan (Bcoop Liaison) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.growbrooklyn.org/

    Where can I find the form 990 for Grow Brooklyn Inc?

    The Grow Brooklyn Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.growbrooklyn.org/

    Learn more at the official website: www.growbrooklyn.org/

    Mission Statement of Grow Brooklyn Inc

    Grow Brooklyn Inc, a non-profit organization, is dedicated to empowering its community members to preserve and grow their assets. This mission aims to secure their economic future. The organization achieves this by partnering annually with the Internal Revenue Service (IRS) to provide quality, free tax preparation services to low-income individuals. Grow Brooklyn Inc has been doing this for the past 12 years and is recognized as one of the IRS' top 50 VITA (Volunteer Income Tax Assistance) providers in the country. As the largest non-commercial tax preparer in Brooklyn, Grow Brooklyn Inc prepares over 8,000 tax returns annually, with about one-third of these returns claiming the Earned Income Credit (EIC).

    Impact

    This information is meant to be a general summary of Grow Brooklyn Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Grow Brooklyn Inc's impact is significant in the Brooklyn community, where it has been providing quality, free tax preparation services to low-income individuals for the past 12 years. As one of the IRS' top 50 VITA providers in the country, Grow Brooklyn annually prepares over 8,000 tax returns, with about one-third of them claiming the Earned Income Credit (EIC). This not only helps individuals secure their economic future by preserving and growing their assets but also plays a crucial role in promoting financial stability and empowerment among community members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,481
  • Program Service Revenue: $2,925
  • Gross Receipts: $1,322,701

    • Assets and Liabilities:
  • Total Assets: $920,156
  • Total Liabilities: $389,091
  • Net Assets: $531,065
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE FEES

    Revenue

    $2,925

    Organization Details

    Founding Year

    2007

    Principal Officer

    Makeela Brathwaite

    Main Address

    1474 MYRTLE AVENUE, BROOKLYN, NY, 11237

    NTEE Category

    Code: P51 - Human services

    If you are a representative of Grow Brooklyn Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.