2020-07-10T15:09:11-05:00 2019-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD SAN RAMON CA 945834600 990 2018-07-01 943386695 BUSINESS UNITED IN INVESTING LENDING & DEVELOPMENT BUSI 6506885840 PO BOX 3316 REDWOOD CITY CA 94064 SUZANNE MCKECHNIE KLAHR CEO 6506885840 2020-06-24 1 KATY BROWN P00650274 9257902600 2020-06-24 208.127.87.36 2020-06-24 10:39:24 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9154AA2191762ADA9DAFEA021CD28A6E95EEC578 2018 2021-01-29 14:40:06Z BUILD AYELE SHAKUR PO BOX 3316 REDWOOD CITY CA 94064 9771513 0 X WWW.BUILD.ORG X 1999 CA BUILD'S MISSION IS TO USE ENTREPRENEURSHIP TO EXCITE AND PROPEL LOW-INCOME, DISENGAGED YOUTH THROUGH HIGH SCHOOL TO COLLEGE SUCCESS. BUILD IS COMMITTED TO HELPING DISADVANTAGED YOUTH IN AMERICA'S MOST UNDERSERVED COMMUNITIES GAIN THE KNOWLEDGE AND ABILITY TO PERSEVERE IN COLLEGE AND BEYOND. WHILE ACADEMIC PROFICIENCY IS NECESSARY, IT IS NOT SUFFICIENT TO PREPARE STUDENTS FOR COLLEGE AND THEIR CAREERS. THE MISSING PIECE IS FOR OUR YOUTH TO ACQUIRE 21ST CENTURY SKILLS - CRITICAL THINKING AND PROBLEM-SOLVING, SELF-DIRECTED LEARNING AND COLLABORATION - ALL OF WHICH ARE BEST LEARNED THROUGH A HANDS-ON, REAL-LIFE EXPERIENCE LIKE STARTING A BUSINESS. 15 13 176 1386 0 0 10014925 8862297 167799 195099 -14549 5143 -302054 -355380 9866121 8707159 46764 29499 0 0 7419743 4801141 128356 146823 908685 1740860 1090478 9335723 6067941 530398 2639218 3007259 5797125 364921 515569 2642338 5281556 X BUILD'S MISSION IS TO USE ENTREPRENEURSHIP TO EXCITE AND PROPEL LOW-INCOME, DISENGAGED YOUTH THROUGH HIGH SCHOOL TO COLLEGE SUCCESS. BUILD IS COMMITTED TO HELPING DISADVANTAGED YOUTH IN AMERICA'S MOST UNDERSERVED COMMUNITIES GAIN THE KNOWLEDGE AND ABILITY TO PERSEVERE IN COLLEGE AND BEYOND. WHILE ACADEMIC PROFICIENCY IS NECESSARY, IT IS NOT SUFFICIENT TO PREPARE STUDENTS FOR COLLEGE AND THEIR CAREERS. THE MISSING PIECE IS FOR OUR YOUTH TO ACQUIRE 21ST CENTURY SKILLS, CRITICAL THINKING AND PROBLEM-SOLVING, SELF-DIRECTED LEARNING AND COLLABORATION - ALL OF WHICH ARE BEST LEARNED THROUGH A HANDS-ON, REAL-LIFE EXPERIENCE LIKE STARTING A BUSINESS. 0 0 952025 29499 100930 ENTREPRENEURS 1 (E1) - FRESHMAN YEAR - PLANNING A BUSINESS. FRESHMEN ENROLL IN A RIGOROUS, CREDIT BEARING CLASS FOR THE ENTIRE ACADEMIC YEAR. STUDENTS LEARN THE TENETS OF TIME MANAGEMENT, GOAL SETTING AND PROFESSIONAL COMMUNICATION ETIQUETTE. IN TEAMS OF 3-5 MEMBERS, STUDENTS DEVELOP COMPREHENSIVE 20-30 PAGE BUSINESS PLANS BASED ON IDEAS THEY CREATE. THE YEAR CULMINATES WITH PARTICIPATION IN BUILD'S YOUTH BUSINESS PLAN COMPETITION HELD AT UNIVERSITY GRADUATE SCHOOLS OF BUSINESS IN BUILD'S THREE REGIONS. 377436 40915 ENTREPRENEURS 2 (E2) - SOPHOMORE YEAR - RUNNING A BUSINESS. SOPHOMORES MEET AFTER SCHOOL FOR UP TO 6 HOURS PER WEEK FOR THE ENTIRE ACADEMIC YEAR. IN BUILD'S YOUTH BUSINESS AND ACADEMIC INCUBATOR, THEY BEGIN TO OPERATE A SMALL BUSINESS WHILE LEARNING NEGOTIATION, BUSINESS ETHICS, VENTURE CAPITAL AND MORE. TEAMS ARE ASSIGNED VENTURE CAPITAL ADVISORS, WHO ACT ON BUILD'S BEHALF TO FINANCE A STUDENT BUSINESS WITH FUNDING FROM BUILD. SIMULTANEOUSLY, SOPHOMORES RECEIVE ACADEMIC COACHING, ADVISING AND TUTORING TO ENSURE THEY GET ON TRACK TO GRADUATE HIGH SCHOOL ELIGIBLE FOR COLLEGE. 264958 ENTREPRENEURS 3 (E3) - JUNIOR YEAR - PREPARING FOR COLLEGE. JUNIORS MEET AFTER SCHOOL AND ARE TRAINED ON ADVANCED TOPICS RELATING TO COLLEGE SELECTION. STUDENTS CONTINUE TO OPERATE THEIR BUSINESSES BUT NOW FOCUS MORE ON DEVELOPING COLLEGE READINESS SKILLS SO THEY WILL BE PREPARED TO ATTEND THE COLLEGE OF THEIR CHOICE. IN PREPARATION FOR COLLEGE, STUDENTS ARE TRAINED ON ESSAY WRITING, INTERVIEWING, FINANCIAL AID AND STANDARDIZED TESTING. TO ASSIST STUDENTS IN THE COLLEGE SELECTION PROCESS, BUILD STAFF MEMBERS ACCOMPANY STUDENTS ON COLLEGE TOURS IN VARIOUS PARTS OF THE COUNTRY. 2521902 53254 ENTREPRENEURS 4 (E4) SENIOR YEAR SELECTING AND APPLYING FOR COLLEGE. SENIORS WORK WITH BUILD MENTORS AND STAFF TO IDENTIFY THEIR SCHOOLS, WRITE AND PREPARE COLLEGE ADMISSION ESSAYS AND APPLICATIONS, AND PACKAGE THEIR BUILD EXPERIENCE INTO A PORTFOLIO. STUDENTS CONTINUE TO HONE THEIR INTERVIEWING AND PRESENTATION SKILLS, IN PREPARATION FOR COMMUNICATING WITH COLLEGE ADMISSIONS OFFICERS. WHEN POSSIBLE, BUILD ASSISTS IN ARRANGING FOR COMMUNICATING WITH LOCAL BUILD ALUMNI. BUILD STAFF PROVIDES STUDENTS' PARENTS WITH INFORMATION ABOUT SCHOLARSHIPS AND FINANCIAL AID RESOURCES THROUGH WORKSHOPS AND MEETINGS. 2521902 53254 4116321 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 176 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 13 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA MD MA NY PA VA DC X X DALE LEMKE 6176000532 PO BOX 3316 REDWOOD CITY CA 94064 DAVID MARSTON CHAIRMAN (THRU 10/18) 2.00 X X 0 0 0 DAVID KING CHAIRMAN (START 11/18) 2.00 X X 0 0 0 AJAY AGARWAL CO-CHAIR & TREASURER 1.00 X X 0 0 0 EL GRAY CO-CHAIR 1.00 X X 0 0 0 BRANDEE BARKER MEMBER 1.00 X 0 0 0 DOUG BRIEN MEMBER 1.00 X 0 0 0 EMILY CHANG MEMBER 1.00 X 0 0 0 JOHN CHINA MEMBER 1.00 X 0 0 0 BRIAN COHEN MEMBER 1.00 X 0 0 0 LIANE HORNSEY MEMBER 1.00 X 0 0 0 KARL JACOB MEMBER 1.00 X 0 0 0 MIKE O'BRIEN MEMBER 1.00 X 0 0 0 BARATUNDE THURSTON MEMBER 1.00 X 0 0 0 MICHAEL FARB MEMBER 1.00 X 0 0 0 ROY HIRSHLAND MEMBER 1.00 X 0 0 0 DAN VALLIMARESCU MEMBER 1.00 X 0 0 0 SUZANNE MCKECHNIE KLAHR MEMBER 1.00 X 180722 0 10998 AYELE SHAKUR CEO (START 7/18) 50.00 X X 132672 0 14670 DALE LEMKE CFOO (START 9/18) 50.00 X 51997 0 8658 CHYMEKA OLFONSE REGIONAL EXECUTIVE DIRECTOR 50.00 X 142827 0 10363 LARISA MARINAS CHIEF OF STAFF 50.00 X 132046 0 10998 BRYCE JACOBS REGIONAL EXECUTIVE DIRECTOR 50.00 X 112410 0 0 EDWARD WILSON DEVELOPMENT DIRECTOR 50.00 X 107180 0 7328 859854 0 63015 6 0 1 0 RUSSELL REYNOLDS ASSOCIATES INC CHURCH STREET STATION PO BOX 6427 NEW YORK NY 10249 CEO SEARCH FEE 101851 1 2157586 6704711 458575 8862297 PROGRAM SERVICE FEES 900099 195099 195099 195099 3245 3245 497371 495473 1898 1898 1898 213496 2157586 568881 -355385 -355385 OTHER REVENUE 900099 5 5 5 8707159 195099 0 -350237 29499 29499 399717 85579 130583 183555 3718388 2949188 491068 278132 306854 245920 36467 24467 376182 278903 55949 41330 28762 28762 146823 146823 281623 130536 71360 79727 1885 1813 72 43353 24463 5123 13767 35964 16072 6421 13471 198715 130187 66734 1794 126069 51297 45026 29746 81472 75020 1235 5217 37352 17111 6223 14018 23529 18759 1921 2849 OTHER 136300 28835 67176 40289 APPLICATION LICENSES AN 63070 10421 24553 28096 SUPPLIES 19926 16501 2402 1023 PRINTING & PUBLICATIONS 7805 2123 1932 3750 4653 4094 559 6067941 4116321 1042935 908685 203205 442023 1064716 3555466 1610102 1688515 36750 34500 2266 374559 331962 58695 42597 33791 31758 3007259 5797125 364921 515569 364921 515569 X 471048 2927826 2171290 2353730 2642338 5281556 3007259 5797125 2639218 0 X X 0 1 X 1 0 X 9302362 12422056 11046123 10014925 8862297 51647763 9302362 12422056 11046123 10014925 8862297 51647763 6458441 45189322 21419 2402 5382 913 3245 33361 147523 213501 361024 52042148 873572 0.86830 0.87820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 231904 129677 848 362429 235022 32 3000 150 231904 221002 15000 195 1000 175 235022 226126 26 5000 150 221002 223253 5000 23 2000 150 226126 1.00000 0.00000 0.00000 0 0 5478 5478 0 342371 299774 42597 26710 26710 0 42597 X 8937599 230440 230440 8707159 0 8707159 6298381 230440 230440 6067941 0 6067941 PART X, LINE 2: BUSINESSES UNITED IN INVESTING, LENDING AND DEVELOPMENT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE INCOME TAXES UNDER VARIOUS STATE CODES AND STATUTES OF CALIFORNIA, MASSACHUSETTS, MARYLAND, VIRGINIA, NEW YORK, PENNSYLVANIA AND WASHINGTON D.C. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND VARIOUS STATES. THE ORGANIZATION'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2016 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S STATE RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2015 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY VARIOUS STATE TAX BOARDS. PART V, LINE 4: THE ORGANIZATION'S POLICY IS TO BUILD THE ENDOWMENT AND ONLY TO PAY OUT FOR WILLIAM LAZIER SCHOLARSHIPS EACH YEAR OUT OF ITS BOARD DESIGNATED ENDOWMENT. ANNUALLY, ADDITIONAL FUNDS ARE DEPOSITED INTO THE ACCOUNT TO OFFSET THESE SCHOLARSHIP PAYMENTS TO ENSURE THE ORGANIZATION PROTECTS AND GROWS THE PRINCIPLE INVESTMENT. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE ORGANIZATION EXPECTS TO GROW THE GENERAL ENDOWMENT FUND AT AN AVERAGE CONSERVATIVE RETURN OF 1% TO 3% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE MODEST RETURNS ON INVESTMENT WITH THE GOAL OF CAPITAL PRESERVATION. X X X X X X X 1 VENTURE LEADERSHIP CONSULTING 320 FRANKLIN STREET MOUNTAIN VIEW CA 94041 CONSULTING SERVICES 0 0 18319 -18319 LINDSAY SIMONDS CONSULTING 2955 CLAY STREET 5 SAN FRANCISCO CA 94115 CONSULTING SERVICES 0 0 103504 -103504 CONAN HARRIS 119 BLAKE STREET BOSTON MA 02136 CONSULTING SERVICES 0 0 25000 -25000 146823 -146823 CA DC MA NY PA VA MD NATIONAL GALA 1242051 1132231 109820 46289 198826 17679 45437 BOSTON BUILDFEST 320750 292025 28725 124994 2927 9801 3 808281 733330 74951 11873 8112 57934 22435 22574 2371082 2157586 213496 58162 8112 381754 43041 77812 568881 -355385 1 BUSINESS PLAN COMPETITION AWARDS & DIVIDEND AWARDS 48 8050 COMPETITION AWARDS BUILD COLLEGE SCHOLARSHIP 30 14400 SCHOLARSHIP LAZIER SCHOLARSHIP 3 3000 SCHOLARSHIP YOUTH TEAM BUSINESS FUNDING 234 4049 INCUBATOR TEAM FUNDING PART I, LINE 2: BUILD PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS WHO PARTICIPATE IN THE PROGRAM. EACH STUDENT IS REQUIRED TO COMPLETE AN APPLICATION AND MEET CERTAIN CRITERIA BEFORE RECEIVING THE SCHOLARSHIP. BUILD ALSO PROVIDES AWARDS TO STUDENT TEAMS PARTICIPATING IN THE PROGRAM IN ORDER FOR THE TEAM TO EXPLORE AND EXPERIENCE OUR PROGRAM/CURRICULUM. X X 0 0 0 0 0 0 0 1 0 SUZANNE MCKECHNIE KLAHR MEMBER 180722 0 0 0 0 0 0 0 10998 0 191720 0 0 0 CHYMEKA OLFONSE REGIONAL EXECUTIVE DIRECTOR 137827 0 5000 0 0 0 0 0 10363 0 153190 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID OUT A NON-FIXED PAYMENT TO A HIGHEST COMPENSATED EMPLOYEE DUE TO A DELAYED PERFORMANCE EVALUATION. SCHEDULE J, PART II: SUZANNE KLAHR TRANSITIONED FROM EMPLOYEE TO BOARD MEMBER AS OF 7/1/18. SUZANNE WAS NOT COMPENSATED AS A BOARD MEMBER - ALL COMPENSATION RELATES TO TIME SERVED AS CEO PRIOR TO TRANSITION (1/1/18 - 6/30/18). X 5 412388 FMV X OTHER VARIOUS ITEMS 5 46188 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 4 SUBSTANTATIVE CHANGES TO BYLAWS ALLOWED VOTING BY EMAIL AND NON-DIRECTORS TO SERVE ON BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE COMPLETED FORM 990 ARE FORWARDED TO ALL BOARD MEMBERS. THE MANAGING DIRECTOR REVIEWS KEY AREAS WITH THE BOARD BEFORE THE FORM IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PRESIDENT REVIEWS THE CEO'S COMPENSATION AND ANY CHANGES IN THE CEO'S SALARY MUST BE APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE HUMAN RESOURCES MANAGER REVIEWS ALL STAFF POSITIONS AND SALARIES ON AN ANNUAL BASIS. DURING THE SURVEY THREE INDEPENDENT DATA SOURCES ARE REVIEWED: PAYSCALE, GUIDESTAR AND NORTHERN CALIFORNIA SURVEY FOR NON-PROFITS. THE COMPENSATION DATA IS THEN REVIEWED WITH THE MANAGING DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 IS AVAILABLE ON BUILD'S WEBSITE. INFORMATION IS ALSO AVAILABLE ON GUIDESTAR WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.