BETA

BUILDING EQUITY INITIATIVE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BUILDING EQUITY INITIATIVE INC (EIN 82-2116378)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-16
IRS object ID
202301679349301500
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)
Return2023-06-16T15:01:36-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN873231666PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1245 PARK AVENUE 12TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10167ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN822116378EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BUILDING CHARTERS FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUILBusinessNameControlTxt
Phone2125717260PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1180 VARICK STREET 1414AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRAHM CRAMERPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2125717260PhoneNum
Signature2023-06-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRAHMPersonFirstNm
Person LastCRAMERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVA MRUKPreparerPersonNm
PTINP00543254PTIN
Phone2122862600PhoneNum
Preparation2023-06-16PreparationDt

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 OfficerBUDDY PHILPOTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1180 VARICK STREET 1414AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10014ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,870,506GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO PROVIDE TECHNICAL ASSISTANCE AND CAPITAL FUNDING FROM PRIVATE AND PHILANTHROPIC SOURCES TO SUPPORT FACILITY DEVELOPMENTS OF HIGH PERFORMING PUBLIC CHARTER SCHOOLS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,488,358PYProgramServiceRevenueAmt
CY Program Service Revenue$4,866,054CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$4,452CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,488,358PYTotalRevenueAmt
CY Total Revenue$4,870,506CYTotalRevenueAmt
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$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,411,401PYOtherExpensesAmt
CY Other Expenses$5,422,522CYOtherExpensesAmt
PY Total Expenses$3,411,401PYTotalExpensesAmt
CY Total Expenses$5,422,522CYTotalExpensesAmt
PY Revenues Less Expenses$76,957PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$552,016CYRevenuesLessExpensesAmt
Total Assets BOY$98,422,899TotalAssetsBOYAmt
Total Assets EOY$127,614,696TotalAssetsEOYAmt
Total Liabilities BOY$99,063,902TotalLiabilitiesBOYAmt
Total Liabilities EOY$127,223,621TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$641,003NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$391,075NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionBCF WAS ESTABLISHED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CIVIC BUILDERS, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS, A COLORADO NOT-FOR-PROFIT CORPORATION, AND SUCH OTHER QUALIFIED PUBLIC CHARITIES THAT EXIST TO SUPPORT CHARTER SCHOOL FACILITIES AS BCF'S MEMBERS AND BOARD OF DIRECTORS MAY DESIGNATE FROM TIME TO TIME.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,296,006ExpenseAmt
Grant$0GrantAmt
Revenue$4,866,054RevenueAmt
DescIN 2022, THE FACILITIES INVESTMENT FUND COMMITTED APPROXIMATELY $64 MILLION DOLLARS TO 6 NEW PROJECTS WHICH WILL SERVE 2,967 CHARTER SCHOOL STUDENTS IN GEORGIA, NEW YORK, TEXAS, AND WASHINGTON.Desc
Total Program Service Expenses$5,296,006TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 Required0ScheduleJRequiredInd
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 EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document15IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
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 Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
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 Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRAHM CRAMERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125717260PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O CIVIC BUILDERS 180 VARICKAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10014ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BUDDY PHILPOT
PRESIDENT4.000.00Yes (X)Yes (X)$0$0$0
BRAHM CRAMER
TREASURER4.002.00Yes (X)Yes (X)$0$0$0
SCOTT PEARSON
SECRETARY4.002.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CIVIC FUND MANAGER 3 LLC
180 VARICK STREET SUITE 1414NEW YORKNY10014ASSET MANAGEMENT$1,688,943
CIVIC FUND MANAGER LLC
180 VARICK STREET SUITE 1414NEW YORKNY10014ASSET MANAGEMENT$231,750
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PGRM RELATED INTEREST900099$4,282,821$4,282,821
PGRM LOAN FEE INCOME900099$583,233$583,233
FieldValueIRS element (for citing)
Total Program Service Revenue$4,866,054TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,452TotalRevenueColumnAmt
Exclusion$4,452ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,870,506TotalRevenueColumnAmt
Related Or Exempt Func Income$4,866,054RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,452ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,920,693TotalAmt
Program Services$1,920,693ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$30,564TotalAmt
Program Services$30,564ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$88,368TotalAmt
Management And General$88,368ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$27,612TotalAmt
Program Services$27,612ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$13,982TotalAmt
Program Services$13,982ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$23,545TotalAmt
Management And General$23,545ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,816,240TotalAmt
Program Services$2,816,240ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$486,915TotalAmt
Program Services$486,915ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,603TotalAmt
Management And General$14,603ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,422,522TotalAmt
Program Services$5,296,006ProgramServicesAmt
Management And General$126,516ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$16,350,601BOYAmt
EOY$17,854,842EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$36,419BOYAmt
EOY$84,564EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,062BOYAmt
EOY$1,936EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$81,320,734BOYAmt
EOY$107,426,268EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$713,083BOYAmt
EOY$2,247,086EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$98,422,899BOYAmt
EOY$127,614,696EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$246,360BOYAmt
EOY$421,310EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$98,817,542BOYAmt
EOY$119,002,368EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$7,799,943EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$99,063,902BOYAmt
EOY$127,223,621EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$641,003BOYAmt
EOY$391,075EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$641,003BOYAmt
EOY$391,075EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$98,422,899BOYAmt
EOY$127,614,696EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$552,016ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,584,094OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
CIVIC BUILDERS INC
0436353137Yes (1)$0$0
NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS
8415531957Yes (1)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescLOANS RECEIVABLEDesc
Book Value$107,426,268BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$107,426,268TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescBORROWER RESERVEDesc
Amt$7,799,943Amt
FieldValueIRS element (for citing)
Total Liability$7,799,943TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,870,506TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$4,870,506RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,870,506TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,422,522TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,422,522ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,422,522TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE TAX PERIODS SINCE 2019 REMAIN OPEN TO EXAMINATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 1A:FORM 1099S ARE ISSUED BY THE FILING ORGANIZATION AND BY ITS DISREGARDED ENTITIES.
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION'S DISREGARDED ENTITIES: - UNITRANCHE CAPITAL FUND LLC (UCF) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER LLC (CFM). PER THE AGREEMENT, CFM ACT AS THE FUND MANAGER OF UCF. CFM FURNISHES SERVICES IN CONNECTION TO THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF. THE MANAGEMENT FEE ACCRUED IN 2022 FOR CFM WAS $231,750. - UNITRANCHE CAPITAL FUND 2 LLC (UCF2) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER 3 LLC (CFM3). PER THE AGREEMENT, CFM3 ACTS AS THE FUND MANAGER OF UCF2. CFM3 FURNISHES SERVICES IN CONNECTION THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF2. THE MANAGEMENT FEE ACCRUED IN 2022 FOR CFM3 WAS $450,883. - UNITRANCHE CAPITAL FUND 3 LLC (UCF3) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER 3 LLC (CFM3). PER THE AGREEMENT, CFM3 ACTS AS THE FUND MANAGER OF UCF3. CFM3 FURNISHES SERVICES IN CONNECTION THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF3. THE MANAGEMENT FEE ACCRUED IN 2022 FOR CFM3 WAS $1,238,060. NO INDIVIDUAL REPORTED ON FORM 990, PART VII, SECTION A WAS PAID BY CIVIC BUILDERS, INC., CIVIC FUND MANAGER LLC OR CIVIC FUND MANAGER 3 LLC.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS THE FOLLOWING MEMBERS WITHIN A SINGLE CLASS OF MEMBERSHIP, BUT WITH DIFFERING RIGHTS: CIVIC BUILDERS, INC., THE NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS, AND THE WALTON FAMILY FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 7ATWO OF THE MEMBERS, CIVIC BUILDERS, INC. AND NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS HAVE THE RIGHT TO APPOINT THE MAJORITY OF THE ORGANIZATION'S DIRECTORS. THE THIRD MEMBER, WALTON FAMILY FOUNDATION, HAS THE RIGHT TO APPOINT THE REMAINDER OF THE DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BWALTON FAMILY FOUNDATION MAY REMOVE DIRECTORS WHICH IT HAS APPOINTED. ANY OTHER DIRECTORS MAY BE REMOVED BY A VOTE OF THE MAJORITY OF THE MEMBERS. AMENDMENTS TO THE BYLAWS ARE SUBJECT TO THE APPROVAL OF THE MAJORITY OF THE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF THE BOARD MEMBERS. THE CURRENT BOARD OVERSEES ALL AREAS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM WHICH IS THEN REVIEWED BY CIVIC BUILDERS, INC.'S MANAGEMENT PRIOR TO DISTRIBUTION TO ALL BOARD MEMBERS (BY HARD COPY OR ELECTRONICALLY) FOR THEIR REVIEW. ONCE THE FORM 990 IS REVIEWED BY THE BOARD, THE RETURN IS THEN FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CBUILDING CHARTERS FUND, INC. (BCF) HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS MONITORED AND ENFORCED ANNUALLY. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS, ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OF DIRECTORS MEETING, BUT AFTER THE PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND FOR DETERMINING WHETHER A MORE ADVANTAGEOUS TRANSACTION CAN BE OBTAINED WITHOUT GIVING RISE TO A CONFLICT OF INTEREST. THE MINUTES OF THE BOARD OF DIRECTORS MUST CONTAIN: A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG, AS WELL AS OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST TO 180 VARICK STREET, SUITE 1414, NEW YORK, NY 10014.
FORM 990, PART XI, LINE 9:UNREALIZED GAIN OF INTEREST RATE SWAP AGREEMENT 1,584,094.
FORM 990, PART XII, LINE 2C:THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
UNITRANCHE CAPITAL FUND LLC
180 VARICK STREET SUITE 1414NEW YORKNY10014822307858PROVIDES LOANS TO SUPPORT CHARTER SCHOOLSDE$1,072,046$24,845,112BUILDING CHARTERS FUND INC
UNITRANCHE CAPITAL FUND 2 LLC
180 VARICK STREET SUITE 1414NEW YORKNY10014851187834PROVIDES LOANS TO SUPPORT CHARTER SCHOOLSDE$3,491,799$98,050,856BUILDING CHARTERS FUND INC
UNITRANCHE CAPITAL FUND 3 LLC
180 VARICK STREET SUITE 1414NEW YORKNY10014873712460PROVIDES LOANS TO SUPPORT CHARTER SCHOOLSDE$306,661$2,740,570BUILDING CHARTERS FUND INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
CIVIC BUILDERS INC
180 VARICK STREET SUITE 1414NEW YORKNY10014043635313PROVIDES CHARTER SCHOOL FACILITIES SUPPORTNY501(C)3LINE 7N/A0
NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS
105 WEST ADAMS STREETCHICAGOIL60603841553195PROMOTES ESTABLISHMENT AND OPERATION OF QUALITY CHARTER SCHOOLSCO501(C)3LINE 7N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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