2016-04-11T14:17:21-07:00 2015-05-31 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2014-06-01 112508370 Southwest Brooklyn Industrial Development Corporation SOUT 7189653100 241 41st Street Brooklyn NY 11232 David D Meade Executive Dir. 2016-04-11 true David C Ashenfarb P00535436 2122682800 2014 2016-08-17 19:52:53Z Mike DiMarino 241 41st St Brooklyn NY 11232 734519 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. 21 21 9 0 681706 648606 28000 32500 75 18 22588 15263 732369 696387 11884 2000 0 481768 492388 10000 35893 285141 217423 778793 721811 -46424 -25424 334566 337844 41415 70117 293151 267727 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 550038 32500 In this third year after Hurricane Sandy, small businesses of all types continue to recover. SBIDC continues to support all businesses affected to access new recovery funds and tax credits available in order to reach full recovery and thrive. In the post Sandy landscape, with community planning efforts and new storm preparedness and flood protection policies being developed, SBIDC has been on the ground to inform and advocate on behalf of all businesses. Combined with the menu of services SBIDC delivered in 2015 to hundreds of businesses, SBIDC will continue to work together in 2016 with local partner organizations, local residents and our small businesses to attain a stronger and more resilient Southwest Brooklyn. Our workforce development program has also had a highly successful year, continuing to serve as a valuable resource for local businesses and residents seeking employment. We have seen major growth in both job placement and retention for local job seekers, developing strong relationships with new companies as well as community partners. In addition, we successfully launched two new workforce initiatives: the YouthMade internship program and the Stronger Together collaborative. YouthMade, a program developed in partnership with Juma Ventures, a youth development organization, offered paid internships at industrial companies to 40 first-generation college students, at no cost to employers. The program is a huge success, offering 40 paid internships as well as 10 more intensive apprenticeships.Stronger Together is a collaborative project, administered in partnership with the Fifth Avenue Committee (FAC), Brooklyn Workforce Innovations (BWI), and the Red Hook Initiative (RHI), developed to provide overlapping and comprehensive services to public housing residents in Red Hook and Gowanus. Stronger Together has already hosted outreach events, and we have begun placing applicants referred through the program. We are excited to build on this partnership in the coming year, serving more public housing residents and connecting them with good jobs and career paths in the industrial sector. 550038 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 false true 10 0 true 9 true false false false false false false true true false 0 false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true false false NY X David Meade 7189653100 241 41st Street Brooklyn NY 11232 Stewart Mann Member 2.00 0.00 X 0 0 0 Mike DiMarino Board Chair 2.00 0.00 X X 0 0 0 Paul Gevertzmann Member 2.00 0.00 X 0 0 0 Randolph Peers Member 2.00 0.00 X 0 0 0 Lorna Montalvo Member 2.00 0.00 X 0 0 0 Greg Brayman Member 2.00 0.00 X 0 0 0 Irina Constantine Secretary 2.00 0.00 X X 0 0 0 Andrew Kimball Member 2.00 0.00 X 0 0 0 Stuart Leffler Member 2.00 0.00 X 0 0 0 Christopher Murtha Member 2.00 0.00 X 0 0 0 Mark Foggin Member 2.00 0.00 X 0 0 0 Eileen Thornton Member 2.00 0.00 X 0 0 0 Roger Rigolli Member 2.00 0.00 X 0 0 0 Anthony Rondinelli Member 2.00 0.00 X 0 0 0 Stephen Giumenta Member 2.00 0.00 X 0 0 0 Howard Smith Jr Treasurer 2.00 0.00 X X 0 0 0 Susan Fermisco Member 2.00 0.00 X 0 0 0 Michael Spinner Member 2.00 0.00 X 0 0 0 Miki Kamijyo Member 2.00 0.00 X 0 0 0 Greg O'Connell Member 2.00 0.00 X 0 0 0 J David Sweeny 1st. Vice Chair 2.00 0.00 X X 0 0 0 David D Meade Executive Dir. 40.00 0.00 X 82649 0 5685 Richard Kirschner Dir. of Finance 16.00 0.00 X 39730 0 0 122379 5685 0 false false false 0 19600 128518 301488 199000 648606 Contract service income 900099 32500 32500 32500 18 18 0 0 0 0 38132 128518 38132 0 0 0 Other support 15263 15263 15263 696387 47763 18 2000 2000 0 0 0 130619 121407 3042 6170 0 282990 257630 22996 2364 7667 7026 483 158 36302 33267 2285 750 34810 31901 2191 718 0 0 0 0 10000 10000 0 56220 39285 16935 0 29946 18047 11899 0 0 54848 24379 30469 11148 11148 0 0 0 0 4156 4156 6891 2295 4596 Special Events 19549 119 3697 15733 Telephone 14647 8914 5733 Other 6756 6756 Equipment rentals 5245 2719 2526 8017 1049 6968 721811 550038 135880 35893 43748 34573 37601 61638 235024 227557 0 0 0 0 0 3529 3568 191660 181152 14664 10508 0 0 0 0 0 334566 337844 41415 70117 41415 70117 X 285254 251806 7897 15921 293151 267727 334566 337844 -25424 X false true X true false X 903596 578526 737341 681706 648606 3549775 0 0 903596 578526 737341 681706 648606 3549775 163852 3385923 9755 8617 246 8950 18 27586 0 26052 20786 50539 13713 15263 126353 3703714 146800 0.91420 0.93150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96434 92979 3455 55226 48173 7053 40000 40000 10508 X 696387 696387 696387 721811 721811 721811 Part X : FIN48 Footnote SBIDC does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending May 31, 2012 and later are subject to examination by applicable taxing authorities. X false Annual event 166650 128518 38132 38132 166650 128518 38132 38132 38132 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 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 19: Other Organization Documents Publicly Available Organizational documents are made available upon request.