Bric Arts Media Bklyn Inc

What it reported doing in 2024

Bric community media - bric is the New York emmy award-winning public access television organization for brooklyn, New York. We offer low-cost media production classes and free access to television production facilities. We air community-produced free speech content on our cable network, and in-house content focused on brooklyn. In fy25, 770 community producers worked with brooklyn free speech tv. Brooklyn free speech supported 1,608 community productions through bric's community media studios and equipment offerings. 566 users aired content on bric's brooklyn free speech tv channels. Bric adult media education ran 427 in-person and online classes and programs, serving 9,362 registered participants (5,906 attendees) from 25 states and 6 countries. All classes were free or low cost, maintaining broad access. Bric certified 465 media producers and expanded offerings with programs such as youth filmmaking and photography bootcamps, ai in screenwriting, and small business media training, while deepening partnerships with organizations including the mayor's office of small business services, reel sisters, seed&spark, and the center for communication; and original series programming on cable television and online video. Bric tv works with the most exciting filmmakers in the borough to create bold, groundbreaking new work that's garnered emmys, ippies and tellys, screened at the tribeca film festival and sundance all while speaking to the communities we serve. In fy24, bric tv won an emmy, developed new distribution opportunities with key stakeholders in emerging technologies and streaming, and supported the development of eleven short and long-form films from emerging filmmakers.

Financial Efficiency

• Mission deployment rate: 60.5%; rating input score 61
• Program expense ratio: 55.4%; rating input score 55
• Fundraising efficiency: $5.23 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -7.6%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 1.12; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0.26; rating input score 50; 50th percentile among comparable filings
• Officer compensation ratio: 11.7%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: 1% per year; rating input score 100; 14th percentile among comparable filings
• Revenue growth: 3% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 2% per year; rating input score 100; 17th percentile among comparable filings