2020-07-15T16:04:34-05:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-01-01 822116378 BUILDING CHARTERS FUND INC BUIL 2125717260 180 VARICK STREET NO 1414 NEW YORK NY 10014 BRAHM CRAMER TREASURER 2125717260 2020-07-15 1 GARRETT M HIGGINS P00543209 2122862600 2020-07-15 108.35.122.103 2020-07-15 15:28:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2019 2021-01-29 14:40:06Z BUDDY PHILPOT 180 VARICK STREET NO 1414 NEW YORK NY 10014 927756 0 X N/A X 2017 DE THE PURPOSE OF BCF IS TO MAKE CAPITAL AVAILABLE FOR HIGH PERFORMING PUBLIC CHARTER SCHOOLS, EITHER THROUGH DIRECT LENDING, OR BY LENDING TO A NON-PROFIT DEVELOPER WHO WILL LEASE THE DEVELOPED FACILITY TO A CHARTER SCHOOL. 3 2 0 4 0 0 928474 0 253889 927756 0 0 0 0 1182363 927756 0 0 0 0 0 0 0 0 0 958941 1469568 958941 1469568 223422 -541812 5445277 23444713 5222144 23763392 223133 -318679 X BCF WAS ESTABLISHED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR 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. 0 0 1358180 927756 IN 2019, THE FACILITIES INVESTMENT FUND COMMITTED APPROXIMATELY $25 MILLION TO FOUR NEW PROJECTS WHICH WILL SERVE 1,612 CHARTER SCHOOL STUDENTS IN GEORGIA, NEW YORK, AND OKLAHOMA. 1358180 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 0 NY X X BRAHM CRAMER 2125717260 C/O CIVIC BUILDERS 180 VARICK NEW YORK NY 10014 GREG RICHMOND SECRETARY 4.00 40.00 X X 0 303606 45731 BUDDY PHILPOT PRESIDENT FROM APRIL 2019 8.00 X X 0 0 0 KYLE PETERSON PRESIDENT UNTIL MARCH 2019 8.00 X X 0 0 0 BRAHM CRAMER TREASURER 4.00 1.00 X X 0 0 0 0 303606 45731 0 0 1 0 CIVIC FUND MANAGER LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 ASSET MANAGEMENT 966924 1 PGRM RELATED INTEREST 900099 679173 679173 PGRM LOAN FEE INCOME 900099 248583 248583 927756 927756 927756 0 0 966924 966924 43053 43053 37225 37225 14156 14156 2809 2809 20044 20044 264214 264214 110077 110077 11066 11066 1469568 1358180 111388 0 1250696 2883638 330 1342 3435251 20502680 759000 57053 5445277 23444713 26144 129045 5196000 23634347 5222144 23763392 X -241104 -476520 464237 157841 223133 -318679 5445277 23444713 -541812 0 X X 0 1 X 0 0 X X X 2 CIVIC BUILDERS INC 043635313 7 1 0 0 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 841553195 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 LOAN RECEIVABLE 20502680 F 20502680 X 927756 0 927756 0 927756 1469568 0 1469568 0 1469568 PART X, LINE 2: BCF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT BCF HAS NO UNCERTAIN POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE TAX PERIODS SINCE INCEPTION REMAIN OPEN TO EXAMINATION. 0 0 0 0 0 0 0 0 0 GREG RICHMOND SECRETARY 0 302746 0 0 0 860 0 9457 0 36274 0 349337 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S DISREGARDED ENTITY, 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 WILL ACT AS THE FUND MANAGER OF UCF. CFM WILL FURNISH SERVICES REGARDING THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF. THE MANAGEMENT FEE ACCRUED IN 2019 FOR CFM WAS $966,924. NO INDIVIDUAL REPORTED ON FORM 990, PART VII, SECTION A WAS PAID BY CIVIC BUILDERS, INC. OR CIVIC FUND MANAGER, LLC. FORM 990, PART VI, SECTION A, LINE 6 BUILDING CHARTERS FUND, INC. (BCF) HAS ONE CLASS OF MEMBERS. THE INITIAL MEMBERS OF BCF SHALL BE AS FOLLOWS: - ONE MEMBER (THE "CB MEMBER") SHALL BE CIVIC BUILDERS, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION AND A QUALIFIED PUBLIC CHARITY. THE MEMBER SHALL ACT THROUGH ITS CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE. - ONE MEMBER (THE "NACSA MEMBER") SHALL BE NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS, A COLORADO NONPROFIT CORPORATION AND A QUALIFIED PUBLIC CHARITY. THE MEMBER SHALL ACT THROUGH ITS CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE. - ONE MEMBER (THE "WFF MEMBER") SHALL BE THE WALTON FAMILY FOUNDATION, INC., A DELAWARE NONSTOCK, NONPROFIT CORPORATION. THE MEMBER SHALL ACT THROUGH ITS EXECUTIVE DIRECTOR OR HIS/HER DESIGNEE. FORM 990, PART VI, SECTION A, LINE 7A ONE OR MORE NEW MEMBERS THAT ARE QUALIFIED PUBLIC CHARITIES MAY BE ADDED AS MEMBERS OF BCF, BY VOTE OF A MAJORITY OF ALL THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE RIGHT TO APPOINT AND REMOVE ONE OR MORE DIRECTORS OF THE BCF. MEMBERS SHALL ALSO HAVE THE RIGHT TO VOTE ON AMENDMENTS TO THE CORPORATION'S CERTIFICATE OF INCORPORATION AND THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 8B THERE 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 11B THE 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 12C BUILDING 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, OFFICERS, AND KEY EMPLOYEES 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 OR DESIGNATED COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE PRESIDENT OR CHAIRPERSON OF THE BOARD OR DESIGNATED COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE BOARD OF DIRECTORS AND DESIGNATED COMMITTEES SHALL 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 OR DESIGNATED COMMITTEE'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 19 THE 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 XII, LINE 2C: THE ORGANIZATION PRESENTLY DOES NOT HAVE AN AUDIT COMMITTEE. AS SUCH, 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. UNITRANCHE CAPITAL FUND LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 822307858 PROVIDE LOAN TO SUPPORT BCF'S MISSION DE 927756 23051186 BUILDING CHARTERS FUND INC CIVIC BUILDERS INC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 043635313 PROVIDES IMMEDIATE NEED FOR CHARTER SCHOOL FACILITIES SUPPORT NY 501(C)3 LINE 7 N/A 0 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 105 WEST ADAMS STREET CHICAGO IL 60603 841553195 PROMOTES ESTABLISHMENT AND OPERATION OF QUALITY CHARTER SCHOOLS CO 501(C)3 LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0