2019-04-10T06:29:06-07:00 2018-05-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2017-06-01 112508370 Southwest Brooklyn Industrial Development Corporation SOUT 7189653100 241 41st Street Brooklyn NY 11232 Benjamin Margolis Executive Dir. 2019-04-10 true Michael Schall P02024184 2122682800 2017 2019-02-21 02:37:17Z Benjamin Margolis 241 41st St Brooklyn NY 11232 1334430 false false X www.sbidc.org X 1978 NY Southwest Brooklyn Industrial Development Corporation (SBIDC) provides advocacy and services to help businesses in the Sunset Park, Red Hook and Gowanus neighborhoods grow and create employment opportunities for local residents. 19 19 17 15 0 1429625 1266070 0 0 17900 31957 1447525 1298027 0 0 854584 941359 0 76526 579199 543145 1433783 1484504 13742 -186477 514789 407579 254130 333397 260659 74182 Southwest Brooklyn Industrial Development Corporation (SBIDC) provides advocacy and services to help businesses in the Sunset Park, Red Hook and Gowanus neighborhoods grow and create employment opportunities for local residents. false false 1126899 As we have since 1978, SBIDC worked tirelessly to ensure that the industrial core of Southwest Brooklyn remains strong, and that it remains as a center for opportunity for workers throughout the area. Our unique combination of direct business services, workforce development, entrepreneurship training, community planning and revitalization, and advocacy helped businesses throughout Southwest Brooklyn thrive in a market, and a city, that can be challenging for manufacturers and other industrial businesses.In calendar year 2018 alone, some examples of our impact included: Placed 258 individuals in quality, industrial jobs with 67 Southwest Brooklyn employersHelp 121 businesses solve complex issues Secure $772,893 of essential tax incentives to help businesses meet their bottom-lineTrain 19 business owners as they plan their next phase of growth and investmentHost 13 development workshops and networking events on a range of timely topics With our partners throughout the city, we also helped secure big wins for our Industrial Business Zone (IBZ):Limits on the development of self-storage facilities and hotels The launch of the Gowanus IBZ Vision plan with City and community stakeholders, leading to needed investments, more industrial workspace and jobs for residentsRecommendations for real and meaningful zoning protections for our core industrial areasDuring our 40th Anniversary year, SBIDC has jumpstarted several new initiatives aimed at making the organization both more financially stable and entrepreneurial. These include: Business ServicesIncreasing membership numbers, services and activity which helps us reach more businesses and create programs to increase resiliency and growth Relaunching our Real Estate program, offering businesses and policy makers updated information on the state of commerce and employment within SBIDCs catchment area and the Southwest Brooklyn IBZ Developing and managing industrial spaceWorkforce Services: New programs aimed at anticipating changes in the field and in philanthropic giving: these include training programs in 21st Century Industrial Skills, Career Pathway Services and support in launching the Citys ApprenticeNYC industrial training program. 1126899 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 true 17 true false false false false false false true true false 0 false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false NY X Ben Margolis 7189653100 241 41st Street Brooklyn NY 11232 Mike DiMarino Chair 2.00 0.00 X X 0 0 0 J David Sweeny 1st Vice Chair 2.00 0.00 X X 0 0 0 Howard Smith Treasurer 2.00 0.00 X X 0 0 0 Irina Constantine Secretary 2.00 0.00 X X 0 0 0 Mark Foggin Member/Inter ED 2.00 0.00 X X 40714 0 0 Greg Brayman Member 2.00 0.00 X 0 0 0 Susan Fermisco Secretary 2.00 0.00 X 0 0 0 Miki Kamijyo Member 2.00 0.00 X 0 0 0 Stewart Mann Member 2.00 0.00 X 0 0 0 Lorna Montalvo Member 2.00 0.00 X 0 0 0 Paul Gevertzman Member 2.00 0.00 X 0 0 0 Stephen Giumenta Member 2.00 0.00 X 0 0 0 Andrew Kimball Member 2.00 0.00 X 0 0 0 Christopher Murtha Member 2.00 0.00 X 0 0 0 Blake Tomnitz Member 2.00 0.00 X 0 0 0 Roger Rogolli Treasurer 2.00 0.00 X 0 0 0 Anthony Rodinelli Member 2.00 0.00 X 0 0 0 Michael Jeffrey Spinner Member 2.00 0.00 X 0 0 0 Eileen Thornton Member 2.00 0.00 X 0 0 0 Benjamin Margolis Executive Dir. 40.00 0.00 X 43531 0 945 84245 945 0 false false false 0 19650 290135 803336 152949 1266070 0 0 0 0 0 0 36403 290135 36403 0 0 0 Other support 900099 31957 31957 31957 1298027 31957 X 0 0 0 0 96032 82385 5637 8010 0 674191 607702 47378 19111 12147 10886 836 425 100375 90106 6955 3314 58614 52527 4038 2049 0 0 100739 100739 0 0 0 176171 113780 62331 60 17811 5934 3372 8505 26906 24112 1853 941 23892 21411 1646 835 0 56208 50371 3872 1965 34506 31373 2968 165 0 0 0 0 6608 5922 455 231 10537 9443 726 368 Special Events 47640 1999 15417 30224 Other 31915 14082 17572 261 Equipment rentals 7711 3282 4429 Postage and Shipping 1768 1584 122 62 733 733 1484504 1126899 281079 76526 37706 84917 2902 33741 426450 257405 0 0 0 0 0 28993 19386 211632 199502 18738 12130 0 0 0 0 0 514789 407579 185185 271828 15000 53945 61569 254130 333397 X 10828 -1170 249831 75352 260659 74182 514789 407579 -186477 X false true X true false X 681706 648606 887496 1429625 1266070 4913503 0 0 681706 648606 887496 1429625 1266070 4913503 401382 4512121 8950 18 8968 0 13713 15263 14121 17900 31957 92954 5015425 63000 0.89960 0.87440 X 96434 95940 494 63599 58585 5014 51599 44977 6622 12130 X 1298027 1298027 1298027 1484504 1484504 1484504 Part X : FIN48 Footnote SBIDC does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending May 31, 2015 and later are subject to examination by applicable taxing authorities. X false Annual event 326538 290135 36403 36403 326538 290135 36403 36403 36403 Form 990, Part VI, Line 11b: Form 990 Review Process Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of other officers and key employees to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Organizational documents are made available upon request.