SOUTHWEST BROOKLYN INDUSTRIAL DEVELOPMENT CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SOUTHWEST BROOKLYN INDUSTRIAL DEVELOPMENT CORPORATION (EIN 11-2508370)
Tax period: 2012-06-01 to 2013-05-31
Filed: 2014-03-04
IRS object ID: 201430639349300013
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-03-04T09:00:25-08:00	Timestamp
Tax Period End Date	2013-05-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHALL & ASHENFARB CPAS	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	307 5th Ave 15th Floor	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100166517	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-06-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	112508370	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Southwest Brooklyn Industrial	BusinessNameLine1
Business Name Line2	Development Corporation	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	SOUT	NameControl
Phone	7189653100	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	241 41st Street	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11232	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Stewart Mann	Name
Title	Chairman	Title
Date Signed	2014-03-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	David C Ashenfarb	Name
PTIN	P00535436	PTIN
Phone	2122682800	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Stewart Mann	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	241 41st St	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11232	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	858051	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	www.sbidc.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1978	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	20	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	19	NbrIndependentVotingMembers
Total Nbr Employees	8	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	578526	ContributionsGrantsPriorYear
Contributions Grants Current Year	737341	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	47550	ProgramServiceRevenuePriorYear
Program Service Revenue CY	38750	ProgramServiceRevenueCY
Investment Income Prior Year	217	InvestmentIncomePriorYear
Investment Income Current Year	246	InvestmentIncomeCurrentYear
Other Revenue Prior Year	29186	OtherRevenuePriorYear
Other Revenue Current Year	50539	OtherRevenueCurrentYear
Total Revenue Prior Year	655479	TotalRevenuePriorYear
Total Revenue Current Year	826876	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	60700	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	57401	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	483393	SalariesEtcPriorYear
Salaries Etc Current Year	454206	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	29554	TotalFundrsngExpCurrentYear
Other Expense Prior Year	231189	OtherExpensePriorYear
Other Expenses Current Year	263518	OtherExpensesCurrentYear
Total Expenses Prior Year	775282	TotalExpensesPriorYear
Total Expenses Current Year	775125	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-119803	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	51751	RevenuesLessExpensesCY
Total Assets BOY	330752	TotalAssetsBOY
Total Assets EOY	381912	TotalAssetsEOY
Total Liabilities BOY	42928	TotalLiabilitiesBOY
Total Liabilities EOY	42337	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	287824	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	339575	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	623049	Expense
Grants	57401	Grants
Description	Southwest Brooklyn Industrial Development Corporation provides services and assistance to businesses in the neighborhoods of Sunset Park, Red Hook and Gowanus in order to promote economic development and employment opportunities for its residents.	Description
Total Program Service Expense	623049	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	true	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	true	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	16	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	8	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	true	QuidProQuoContributions
Quid Pro Quo Disclosure	true	QuidProQuoDisclosure
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	20	NbrVotingGoverningBodyMembers
Number Independent Voting Members	19	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	David Meade	NamePerson
Telephone Number	7189653100	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	241 41st Street	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11232	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (22 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer
Anthony Ceretti
Member	2.00	0.00	0	0	0
J David Sweeny
Vice Chair	2.00	0.00	0	0	0	X	X
Miki Kamijyo
Member	2.00	0.00	0	0	0	X
Michael Spinner
Member	2.00	0.00	0	0	0	X
Susan Fermisco
Member	2.00	0.00	0	0	0	X
Howard Smith Jr
Treasurer	2.00	0.00	0	0	0	X	X
Victor Vientos
Member	2.00	0.00	0	0	0	X
Anthony Rondinelli
Member	2.00	0.00	0	0	0	X
Roger Rigolli
Member	2.00	0.00	0	0	0	X
Eileen Thorton
Member	2.00	0.00	0	0	0	X
Tom Russo
Member	2.00	0.00	0	0	0	X
Christopher Murtha
Member	2.00	0.00	0	0	0	X
Stuart Leffler
Member	2.00	0.00	0	0	0	X
Irina Constantine
Secretary	2.00	0.00	0	0	0	X	X
Greg Brayman
Member	2.00	0.00	0	0	0	X
Lorna Montalvo
Member	2.00	0.00	0	0	0	X
Randolph Peers
Member	2.00	0.00	0	0	0	X
Jack Gindi
Member	2.00	0.00	0	0	0	X
Greg O'Connell
Vice Chair	2.00	0.00	0	0	0	X	X
Stewart Mann
Chairman	2.00	0.00	0	0	0	X	X
Richard Kirschner
Dir. of Finance	16.00	0.00	37468	0	0		X
David D Meade
Executive Dir.	40.00	0.00	68773	0	6312		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	106241	TotalReportableCompFromOrg
Total Other Compensation	6312	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Membership Dues	23600	MembershipDues
Fundraising Events	122980	FundraisingEvents
Government Grants	243276	GovernmentGrants
All Other Contributions	347485	AllOtherContributions
Total Contributions	737341	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	Contract service income	Description
Total Revenue Column	38750	TotalRevenueColumn
Related Or Exempt Function Income	38750	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	38750	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	246	TotalRevenueColumn
Exclusion	$246	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	31175	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	122980	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	31175	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Other support	15601	15601
Insurance proceeds	34938	34938

Field	Value	IRS element (for citing)
Total Other Revenue	50539	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	826876	TotalRevenueColumn
Related Or Exempt Function Income	89289	RelatedOrExemptFunctionIncome
Exclusion	$246	ExclusionAmount

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	X	InfoInScheduleOPartIX

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	1000	Total
Program Services	1000	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	56401	Total
Program Services	56401	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	108704	Total
Program Services	68760	ProgramServices
Management And General	38521	ManagementAndGeneral
Fundraising	1423	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	268529	Total
Program Services	262657	ProgramServices
Management And General	5872	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	2080	Total
Program Services	1827	ProgramServices
Management And General	245	ManagementAndGeneral
Fundraising	8	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	37846	Total
Program Services	33250	ProgramServices
Management And General	4453	ManagementAndGeneral
Fundraising	143	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	37047	Total
Program Services	32548	ProgramServices
Management And General	4359	ManagementAndGeneral
Fundraising	140	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	100011	Total
Program Services	68536	ProgramServices
Management And General	31475	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	30447	Total
Program Services	26749	ProgramServices
Management And General	3583	ManagementAndGeneral
Fundraising	115	Fundraising

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	47972	Total
Program Services	42146	ProgramServices
Management And General	5645	ManagementAndGeneral
Fundraising	181	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	3995	Total
Program Services	918	ProgramServices
Management And General	3077	ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2180	Total
Management And General	2180	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	8413	Total
Program Services	7392	ProgramServices
Management And General	989	ManagementAndGeneral
Fundraising	32	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Other	6965	394	6571
Marketing and printing	7428	4374	3054
Telephone	15767	13851	1857	59
Special Events	30202	119	2630	27453

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	10138	Total
Program Services	2127	ProgramServices
Management And General	8011	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	775125	Total
Program Services	623049	ProgramServices
Management And General	122522	ManagementAndGeneral
Fundraising	29554	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	27829	BOY
EOY	66439	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	96006	BOY
EOY	70358	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	199865	BOY
EOY	231715	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	3871	BOY
EOY	3329	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	183127	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	173056	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	3181	BOY
EOY	10071	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
EOY	0	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	330752	BOY
EOY	381912	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	42928	BOY
EOY	42337	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	42928	BOY
EOY	42337	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	219189	BOY
EOY	251629	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	68635	BOY
EOY	87946	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	287824	BOY
EOY	339575	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	330752	BOY
EOY	381912	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	51751	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	916636	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	874870	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	903596	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	578526	CurrentTaxYearMinus1Year
Current Tax Year	737341	CurrentTaxYear
Total	4010969	Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Total	0	Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

Field	Value	IRS element (for citing)
Total	0	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	916636	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	874870	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	903596	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	578526	CurrentTaxYearMinus1Year
Current Tax Year	737341	CurrentTaxYear
Total	4010969	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	176385	AmountsSubstContributorsTotal
Public Support Total170	3834584	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	442	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	196	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	155	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	217	CurrentTaxYearMinus1Year
Current Tax Year	246	CurrentTaxYear
Total	1256	Total

Net UBI NetUBI

Field	Value	IRS element (for citing)
Total	0	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	13344	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6426	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	26052	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	68336	CurrentTaxYearMinus1Year
Current Tax Year	54351	CurrentTaxYear
Total	168509	Total

Field	Value	IRS element (for citing)
Total Support	4180734	TotalSupport
Public Support Pertcentage170	0.91720	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.90270	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	91498	OtherCostOrOtherBasis
Depreciation	91498	Depreciation

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	51629	OtherCostOrOtherBasis
Depreciation	41558	Depreciation
Book Value	10071	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	40000	OtherCostOrOtherBasis
Depreciation	40000	Depreciation

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	10071	TotalOfBookValueLandBuildings
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	826876	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	826876	RevenueSubtotal
Total Revenue Per Form990	826876	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	775125	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	775125	ExpensesSubtotal
Total Expenses Per Form990	775125	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	Part X	Identifier
Return Reference	Part X : FIN48 Footnote	ReturnReference
Explanation	SBIDC does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending May 31, 2010 and later are subject to examination by applicable taxing authorities.	Explanation

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Mail Solicitations	X	MailSolicitations
Agreement Ref Fundraising	false	AgreementRefFundraising

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Annual event	NameOfEvent1
Gross Receipts Event1	154155	GrossReceiptsEvent1
Charitable Contributions Event1	122980	CharitableContributionsEvent1
Gross Revenue Event1	31175	GrossRevenueEvent1
Food And Beverage Event1	31175	FoodAndBeverageEvent1
Gross Receipts Total	154155	GrossReceiptsTotal
Charitable Contributions Total	122980	CharitableContributionsTotal
Gross Revenue Total Events	31175	GrossRevenueTotalEvents
Food And Beverage Total Events	31175	FoodAndBeverageTotalEvents
Direct Expense Summary Events	31175	DirectExpenseSummaryEvents

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	true	RecordsMaintained
Total Nbr Of501 C3 And Govt Grants	0	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
Main Streets Program	1	25800
Hurricane Sandy relief	32	30601

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Additional Supplemental Information	Identifier
Explanation	The Organization monitors the use of grant funds by obtaining written reports from the grantees.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	Jack Gindi	NamePerson

Field	Value	IRS element (for citing)
Relationship	Board member	Relationship
Amount Of Transaction	14400	AmountOfTransaction
Description Of Transaction	Rent	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Organizational documents are made available upon request.
Form 990, Part VI, Line 12c	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 11b	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 with the anticipation of their review comments sent back to the audit/finance committee, prior to the return being filed with the IRS.