BUILD COMMONWEALTH INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BUILD COMMONWEALTH INC (EIN 04-3540147)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-03-30
IRS object ID
202400909349300310
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-03-30T10:24:47-05:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043530932PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PAVENTO RATCLIFFE RENZI & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1391 East Central St Unit 8AAddressLine1Txt
CityFranklinCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02038ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043540147EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Build Commonwealth IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUILBusinessNameControlTxt
Phone6175419066PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line122 Batterymarch Street 501AddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTimothy FlackePersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone6175419065PhoneNum
Signature2024-03-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTimothyPersonFirstNm
Person LastFlackePersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJohn A RatcliffePreparerPersonNm
PTINP00551279PTIN
Phone5085533091PhoneNum
Preparation2024-03-05PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTimothy FlackePrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line122 Batterymarch Street 501AddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,060,926GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.buildcommonwealth.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionBuild Commonwealth, Inc. strengthens the financial opportunity and security of low-and moderate-income consumers by innovating, incubating and stimulating new financial products and policies. Build Commonwealth, Inc. envisions a world where the financial system promotes lasting social and economic prosperity for every family.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee31TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,522,509PYContributionsGrantsAmt
CY Contributions Grants$1,053,466CYContributionsGrantsAmt
PY Program Service Revenue$96,279PYProgramServiceRevenueAmt
CY Program Service Revenue$894,070CYProgramServiceRevenueAmt
PY Investment Income$7,470PYInvestmentIncomeAmt
CY Investment Income$113,390CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,626,258PYTotalRevenueAmt
CY Total Revenue$2,060,926CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,981,541PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,153,612CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$163,841CYTotalFundraisingExpenseAmt
PY Other Expenses$1,702,499PYOtherExpensesAmt
CY Other Expenses$2,451,791CYOtherExpensesAmt
PY Total Expenses$4,684,040PYTotalExpensesAmt
CY Total Expenses$5,605,403CYTotalExpensesAmt
PY Revenues Less Expenses$2,942,218PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,544,477CYRevenuesLessExpensesAmt
Total Assets BOY$7,488,336TotalAssetsBOYAmt
Total Assets EOY$4,621,870TotalAssetsEOYAmt
Total Liabilities BOY$177,551TotalLiabilitiesBOYAmt
Total Liabilities EOY$819,608TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,310,785NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,802,262NetAssetsOrFundBalancesEOYAmt
MissionSee Schedule O Form 990, Part I, Line 1MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,933,762ExpenseAmt
Revenue$894,070RevenueAmt
DescAll of Build Commonwealth's work is focused on improving the economic well-being of millions of financially vulnerable Americans through innovation. Build Commonwealth generates practical ideas for financial products, services and policies, pilot tests its ideas, and pursues scale strategies to reach millions of households.Desc
Total Program Service Expenses$4,933,762TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document33IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee31EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Timothy FlackeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8776423167PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Build Commonwealth Inc 22 BatterymaAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Fred T Goldberg Jr
Director2.00Yes (X)$0$0$0
Dr Kelli Keough
Director2.00Yes (X)$0$0$0
Professor Georgia Keohane
Director2.00Yes (X)$0$0$0
Professor Peter Tufano
President2.00Yes (X)$0$0$0Yes (X)
Timothy Flacke
Exec Dir, Secy & Treasurer40.00Yes (X)$169,416$0$21,704Yes (X)
Professor Howell Jackson
Director2.00Yes (X)$0$0$0
Evelyn Stark
Director2.00Yes (X)$0$0$0
Celia Edwards Karam
Director2.00Yes (X)$0$0$0
Mary Dent
Director2.00Yes (X)$0$0$0
Haydee Moreno
Director2.00Yes (X)$27,704$0$0
Debra Plousha-Moore
Director2.00Yes (X)$0$0$0
Nicholas Maynard
Sr. Vice President40.00$175,757$0$4,067Yes (X)
Paula Grieco
Sr. Vice President40.00$185,084$0$4,072Yes (X)
Brian Gilmore
Director40.00$117,050$0$12,991Yes (X)
Elizabeth Dobrska
Director40.00$105,700$0$19,875Yes (X)
Melissa Gopnik
Former Sr. VP40.00$128,241$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$908,952TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$62,709TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Nonprofit HR Solutions LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11441 L Street NW Suite 620AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
ServicesHR ResourcesServicesDesc
Compensation$152,700CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,053,466AllOtherContributionsAmt
Total Contributions$1,053,466TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescDEV FINL SEC INITIATIVDesc
Business900099BusinessCd
Total Revenue Column$894,070TotalRevenueColumnAmt
Related Or Exempt Func Income$894,070RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$894,070TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$113,390TotalRevenueColumnAmt
Exclusion$113,390ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,060,926TotalRevenueColumnAmt
Related Or Exempt Func Income$894,070RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$113,390ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$226,921TotalAmt
Program Services$170,191ProgramServicesAmt
Management And General$22,692ManagementAndGeneralAmt
Fundraising$34,038FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,274,987TotalAmt
Program Services$2,016,828ProgramServicesAmt
Management And General$176,321ManagementAndGeneralAmt
Fundraising$81,838FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$454,338TotalAmt
Program Services$376,319ProgramServicesAmt
Management And General$63,566ManagementAndGeneralAmt
Fundraising$14,453FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$197,366TotalAmt
Program Services$174,736ProgramServicesAmt
Management And General$14,965ManagementAndGeneralAmt
Fundraising$7,665FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$33,720TotalAmt
Program Services$28,710ProgramServicesAmt
Management And General$5,010ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$107,499TotalAmt
Management And General$107,499ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$520,893TotalAmt
Program Services$519,506ProgramServicesAmt
Management And General$854ManagementAndGeneralAmt
Fundraising$533FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$248,368TotalAmt
Program Services$216,081ProgramServicesAmt
Management And General$19,869ManagementAndGeneralAmt
Fundraising$12,418FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$103,778TotalAmt
Program Services$34,691ProgramServicesAmt
Management And General$69,087ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$159,957TotalAmt
Program Services$159,957ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,074TotalAmt
Program Services$12,244ProgramServicesAmt
Management And General$1,126ManagementAndGeneralAmt
Fundraising$704FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Special Projects$566,060$566,060
Marketing & Materials$417,898$417,898
Recruiting$143,198$123,170$14,492$5,536
Office Operations$67,870$59,246$5,307$3,317

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$68,476TotalAmt
Program Services$58,125ProgramServicesAmt
Management And General$7,012ManagementAndGeneralAmt
Fundraising$3,339FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,605,403TotalAmt
Program Services$4,933,762ProgramServicesAmt
Management And General$507,800ManagementAndGeneralAmt
Fundraising$163,841FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$395,253BOYAmt
EOY$48,067EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,097,142BOYAmt
EOY$1,991,085EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,105,800BOYAmt
EOY$921,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,155BOYAmt
EOY$93EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$319BOYAmt
EOY$145EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$389,429LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$364,740LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$38,763BOYAmt
EOY$24,689EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$786,078BOYAmt
EOY$838,298EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$208,600EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$36,826BOYAmt
EOY$589,893EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,488,336BOYAmt
EOY$4,621,870EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$177,551BOYAmt
EOY$266,541EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$553,067EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$177,551BOYAmt
EOY$819,608EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,651,519BOYAmt
EOY$1,674,704EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,659,266BOYAmt
EOY$2,127,558EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,310,785BOYAmt
EOY$3,802,262EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,488,336BOYAmt
EOY$4,621,870EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$3,544,477ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$35,954NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,937,606CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$678,557CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,532,608CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,522,509CurrentTaxYearMinus1YearAmt
Current Tax Year$1,053,466CurrentTaxYearAmt
Total$21,724,746TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$396,818CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$150,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$355,422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$96,279CurrentTaxYearMinus1YearAmt
Current Tax Year$894,070CurrentTaxYearAmt
Total$1,893,089TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,334,424CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$829,057CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,888,030CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,618,788CurrentTaxYearMinus1YearAmt
Current Tax Year$1,947,536CurrentTaxYearAmt
Total$23,617,835TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$23,617,835PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,673CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,331CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,805CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,470CurrentTaxYearMinus1YearAmt
Current Tax Year$113,390CurrentTaxYearAmt
Total$194,669TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,673CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,331CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,805CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,470CurrentTaxYearMinus1YearAmt
Current Tax Year$113,390CurrentTaxYearAmt
Total$194,669TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$330,370CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,316CurrentTaxYearMinus2YearsAmt
Total$349,686TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,363,097CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,194,758CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,917,151CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,626,258CurrentTaxYearMinus1YearAmt
Current Tax Year$2,060,926CurrentTaxYearAmt
Total$24,162,190TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97750PublicSupportCY509Pct
Public Support PY5090.98130PublicSupportPY509Pct
Investment Income CY0.00810InvestmentIncomeCYPct
Investment Income PY0.00390InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$2,461FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$2,461FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$5,602,942FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$5,605,403FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$430,270FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$107,568FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus2$369,843CurrentYearMinus2Amt
Current Year Minus1$384,324CurrentYearMinus1Amt
Current Year$430,270CurrentYearAmt
Total$1,184,437TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,776,656LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus2$25,000CurrentYearMinus2Amt
Current Year Minus1$2,955CurrentYearMinus1Amt
Current Year$2,461CurrentYearAmt
Total$30,416TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus2$92,461CurrentYearMinus2Amt
Current Year Minus1$96,081CurrentYearMinus1Amt
Current Year$107,568CurrentYearAmt
Total$296,110TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$444,165GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$90,629OtherCostOrOtherBasisAmt
Depreciation$72,176DepreciationAmt
Book Value$18,453BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$207,512OtherCostOrOtherBasisAmt
Depreciation$201,276DepreciationAmt
Book Value$6,236BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$91,288OtherCostOrOtherBasisAmt
Depreciation$91,288DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$24,689TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
Right of Use Asset$553,067
Deposits$36,826
FieldValueIRS element (for citing)
Total Book Value Other Assets$589,893TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLease liabilityDesc
Amt$553,067Amt
FieldValueIRS element (for citing)
Total Liability$553,067TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$2,099,640TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$35,954NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$2,760DonatedServicesAndUseFcltsAmt
Revenue Not Reported$38,714RevenueNotReportedAmt
Revenue Subtotal$2,060,926RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,060,926TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,608,163TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$2,760DonatedServicesUseFcltsAmt
Expenses Not Reported$2,760ExpensesNotReportedAmt
Expenses Subtotal$5,605,403ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,605,403TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Timothy Flacke
Exec Dir, Secy & Treasurer$169,416$0$0$0$0$0$0$0$21,704$0$191,120$0$0$0
Paula Grieco
Sr. Vice President$185,084$0$0$0$0$0$0$0$4,072$0$189,156$0$0$0
Nicholas Maynard
Sr. Vice President$175,757$0$0$0$0$0$0$0$4,067$0$179,824$0$0$0
Brian Gilmore
Director$117,050$0$0$0$0$0$0$0$12,991$0$130,041$0$0$0
Melissa Gopnik
Former Sr. VP$128,241$0$0$0$0$0$0$0$0$0$128,241$0$0$0
Elizabeth Dobrska
Director$105,700$0$0$0$0$0$0$0$19,875$0$125,575$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 3FormAndLineReferenceDesc
ExplanationSee Schedule O - Form 990, Part VI, Section B, Line 15 explanationExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bThe tax return is reviewed by the Audit Committee; once approved it is sent electronically to all members of the Board of Directors and any questions forwarded to the appropriate staff.
Form 990, Part VI, Section B, line 12cAll Directors understand their obligations with regard to disclosing potential conflicts of interest and are encouraged to do so when such potential conflicts arise throughout the year, particularly during quarterly board meetings.
Form 990, Part VI, Section B, line 15The Executive Director's compensation is determined by a Board of Directors' committee after reviewing performance, comparable data and determining what would be equitable for both the Organization and the Executive Director. Staff compensation is approved by the Executive Director & HR following annual reviews and self-reviews by each employee. Consideration is given to comparisons of salaries of similar nonprofit organizations. All compensation decisions are supported with written Build Commonwealth, Inc. documentation that is stored in office files. During FY23, the Organization consulted an independent compensation consultant to perform a compensation audit, which included the Executive Director's compensation. The audit included external benchmarking and the auditor met with a subset of the Board of Directors to review the Executive Director compensation data.
Form 990, Part VI, Section C, line 19The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.