Brooklyn Tech Alumni Foundation Inc

What it reported doing in 2024

1. Jeffrey m. Haitkin '62 faculty grants program providing over $3 million in more than 1,200 grants since its inception, in support of innovative instruction, specialized training, professional development, and enhanced educational experiences. The program is a partnership with the school administration and the parent association. 93 applications were received, and 75 grants totaling $158,450 were disbursed in fy25. Funding sources include temporary and permanently restricted funds.2. The brooklyn tech future world vision stem pathways consortium a ground-breaking initiative pairing brooklyn tech with seven brooklyn middle schools to utilize the american society of civil engineers' future world vision project to inspire students to pursue a stem education and related careers. Each of the middle schools has a stem champion teacher and an algebra initiative teacher who work with brooklyn tech stem leader teachers and a math coach. The total population of the consortium schools is 2,310 students with at least 70% of each middle school's population being african american or hispanic/latinx. An annual december consortium meeting at bths is held to bring together students, parents and faculty from each middle school. 310 brooklyn tech students and 15 brooklyn tech faculty participate as hosts and leaders. The program consists of an opening session, tours for students and parents, a parent session, stem academy workshops, and a closing session. An annual may consortium conference at bths to look back at the year, share student work and look to the next year. The opening session includes a welcome from a leader of the american society of civil engineers. Shsat prep - each school is encouraged to offer an shsat prep course. During fy2025 the alumni foundation sponsored an shsat prep scholarship program attended by 33 students from the consortium middle schools. Additionally, a math competition took place at brooklyn tech and 75 middle school students attended. 3. Leandro rizzuto '56 internship programs providing internship and volunteer opportunities to hundreds of students each year. We work with the school work based learning director to help provide over 300 internship experiences annually. Our brooklyn tech/ con edison internship program is a model. It provides a cohort of brooklyn tech rising seniors an exceptional summer internship experience. Last summer, 12 interns participated in the program. 4. Annual engineers' week: week of events centered on engineering and involves professionals and alumni. This program is possible through our partnership with brooklyn tech's chapter of the national society of black engineers (nsbe).5. Materials testing lab: we have repurposed an old shop into a state-of-the-art material testing lab to be used mostly by the civil engineering students. Other students using the lab will be from architecture, physics and industrial design. Furniture was installed and we have now begun to add state-of-the-art testing equipment that meets university and industry standards. A universal testing machine has been added to the lab and this lab is in current use. 6. Urban land institute: provide innovative projects for economics classes to create an understanding of urban development.7. The thomas volpe '53 urbanglass initiative offers brooklyn tech students majoring in industrial design a 9-week course of practical hands-on experience of the many different techniques using glass as a design medium. Conceived by alumnus thomas volpe '53, the program combines the technology of tech with the creativity of brooklyn-based glass center urbanglass, just a few blocks away from 29 fort greene place. A possible third collaboration with nearby st. Francis college's entrepreneurship program is being considered, introducing marketing and business elements to the program. 153 students participated in fy25.scholarships/awards: 55 scholarships/senior awards totaling $98,000 were disbursed to students for fye 6/30/2025.

Financial Efficiency

• Mission deployment rate: 73.6%; rating input score 74
• Program expense ratio: 64.7%; rating input score 65
• Fundraising efficiency: $10.12 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 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: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 15%; rating input score 71; 71st percentile among comparable filings
• Total-asset coverage ratio: 9.35; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
• Officer compensation ratio: 8.9%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: -2.2% per year; rating input score 0; 9th percentile among comparable filings
• Revenue growth: -1.3% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings