2017-11-13T18:34:17-06:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-01-01 134078657 BUILDING FOR THE FUTURE INC BUIL 2128686710 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 CRAIG REIGEL CFO 2128686710 2017-11-13 1 GARRETT M HIGGINS P00543209 2122862600 2017-11-13 65.51.112.58 2017-11-13 15:47:28 ES P 8A7C0DB4DD280915B974BAAB9C167C028E1A982B E206ACBE30558CC6801B8975D6F5372E172AFED1 2016 2017-02-10 21:41:12Z ANTONY BUGG-LEVINE 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 247 0 X N/A X 1999 DE SEE SCHEDULE O 4 2 0 3 0 0 0 0 0 0 499 247 0 0 499 247 123600 786931 0 0 0 0 0 0 0 0 0 123600 786931 -123101 -786684 6263129 5985708 4479368 4988631 1783761 997077 HELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY. 0 0 786931 786931 SEE SCHEDULE O 786931 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X CRAIG REIGEL CO NONPROFIT FINANCE 2128686710 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 MARIA BLAIR CHAIR THRU 7.15.16 0.50 2.00 X X 0 0 0 ANDREW COHN DIRECTOR/INTERIM CHAIR AS OF 7.15.16 0.50 2.00 X X 0 0 0 NORAH MCVEIGH SECRETARY 1.00 50.50 X X 0 240068 51857 ANTONY BUGG-LEVINE DIRECTOR/PRESIDENT 1.00 50.00 X X 0 342371 46265 OMMEED SATHE DIRECTOR 0.50 2.00 X 0 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 1.00 50.00 X 0 244078 32948 0 826517 131070 0 0 1 0 0 247 247 247 0 0 247 786931 786931 786931 786931 0 0 203388 203635 1662484 467613 4397257 5314460 6263129 5985708 4397257 4988631 82111 0 4479368 4988631 X 1783761 997077 1783761 997077 6263129 5985708 -786684 0 X X 0 1 X 0 0 X X 1 NONPROFIT FINANCE FUND 133238657 7 1 686801 0 1 686801 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 0 CASH HELD AS AGENT 4988631 DUE FROM AFFILIATE 325829 5314460 X 24341981 24341734 24341734 247 0 247 17371612 16584681 16584681 786931 0 786931 PART IV, LINE 2B: THE CASH BALANCE AND OFFSETTING LIABILITY ARE HELD IN CUSTODIAL ACCOUNTS BY BUILDING FOR THE FUTURE ("BFF") AS AN AGENT FOR BFF PROGRAM PARTICIPANTS. BFF PROVIDES MATCHING GRANT FUNDS TO NONPROFIT CLIENTS TO SEED RESERVES FOR THEIR FACILITIES. PART X, LINE 2: THE FUND'S ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE FUND IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE 24,341,734. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES 16,584,681. 1 AFFIRMATIONS LESBIAN & GAY COMMUNITY CENTER INC 290 W NINE MILE ROAD FERNDALE MI 48220 382882823 501 (C)(3) 22500 GRANT FOR PREVENTIVE MAINTENANCE CRANBROOK EDUCATIONAL COMMUNITY PO BOX 801 BLOOMFIELD HILLS MI 48303 382015048 501 (C)(3) 39600 GRANT FOR PREVENTIVE MAINTENANCE MICHIGAN HUMANE SOCIETY 30300 TELEGRAPH ROAD SUITE 220 BINGHAM FARMS MI 48025 381358206 501 (C)(3) 13250 GRANT FOR PREVENTIVE MAINTENANCE HAVEN INC 801 VANGUARD DRIVE PONTIAC MI 48341 382426175 501 (C)(3) 12834 GRANT FOR PREVENTIVE MAINTENANCE NONPROFIT FINANCE FUND 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 133238657 501 (C)(3) 686801 GRANT FOR PREVENTIVE MAINTENANCE 5 0 PART I, LINE 2: BUILDING FOR THE FUTURE, INC. MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS PART OF A VARIETY OF FUNDER-SPECIFIC INITIATIVES. GRANTS ARE REVIEWED AND APPROVED BASED UPON THE CRITERIA ESTABLISHED BY THE FUNDER. GRANTS ARE ONLY DISBURSED AFTER RECEIVING WRITTEN AND SIGNED ACKNOWLEDGEMENT BY THE GRANTEE OF THE RESTRICTIONS ON THE GRANT. AFTER DISBURSEMENT AND DURING TERM OF GRANT, THE GRANTEE IS REQUIRED TO PROVIDE PERIODIC REPORTS RELATED TO THE GRANT. AT THE END OF THE TERM OF THE GRANT, A FINAL REPORT IS REQUIRED FROM EACH GRANTEE. 0 0 0 0 0 0 0 0 0 NORAH MCVEIGH SECRETARY 0 212568 0 27500 0 0 0 14887 0 36970 0 291925 0 0 ANTONY BUGG-LEVINE DIRECTOR/PRESIDENT 0 302371 0 40000 0 0 0 20788 0 25477 0 388636 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 0 214078 0 30000 0 0 0 14442 0 18506 0 277026 0 0 PART I, LINE 3 BUILDING FOR THE FUTURE, INC. DOES NOT HAVE COMPENSATED EMPLOYEES, AS A RESULT, THERE IS NO COMPENSATION EXPENSE AND NONE OF ITS OFFICERS, DIRECTORS, OR TRUSTEES RECEIVE COMPENSATION FROM THE ORGANIZATION. INSTEAD, BUILDING FOR THE FUTURE, INC. HAS VOLUNTEERS, WHICH ARE PAID BY NONPROFIT FINANCE FUND. NONPROFIT FINANCE FUND BOARD IS RESPONSIBLE FOR SETTING COMPENSATION FOR ITS TOP MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 3 BUILDING FOR THE FUTURE ("BFF") DOES NOT HAVE PAID EMPLOYEES. A RELATED ORGANIZATION NONPROFIT FINANCE FUND (NFF) PROVIDES MANAGEMENT SUPPORT AND DIRECT SUPERVISION OF ALL BFF OPERATIONS AND ACTIVITIES. CURRENT BFF OFFICERS INCLUDING PRESIDENT ANTONY BUGG-LEVINE, SECRETARY NORAH MCVEIGH, AND CFO CRAIG REIGEL ARE EMPLOYEES OF RELATED ORGANIZATION NFF AND ARE COMPENSATED BY NFF DURING 2015 CALENDAR YEAR. FORM 990, PART VI, SECTION A, LINE 8B MINUTES ARE TAKEN AT ALL MEETINGS OF ITS GOVERNING BODY, WHICH INCLUDES THE RECORDING OF ALL BOARD ACTIONS. THESE MINUTES ARE THEN APPROVED BY RESOLUTION AT THE FOLLOWING MEETING. THE GOVERNING BODY DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B DRAFT OF THE FORM 990 IS REVIEWED BY INTERNAL MANAGEMENT/CFO. UPON COMPLETION OF THEIR REVIEW THE 990 WILL BE CIRCULATED TO BFF'S BOARD MEMBERS AND WILL BE REVISED FOR ANY CHANGES RECOMMENDED BY THEM BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS OF BUILDING FOR THE FUTURE, INC. FOLLOW THE CONFLICT OF INTEREST AND DISCLOSURE POLICY OF THE NONPROFIT FINANCE FUND, THE PARENT ORGANIZATION. THE POLICY IS APPLICABLE TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND EMPLOYEES. AT THE BEGINNING OF EACH YEAR, ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES (IF ANY) ARE REQUIRED TO SIGN A STATEMENT THAT AFFIRMS THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, THAT THEY HAVE READ AND UNDERSTOOD THE POLICY, AND THAT THEY AGREE TO COMPLY WITH THE POLICY. ALL POTENTIAL CONFLICTS ARE REPORTABLE TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE INTERESTED PERSON MAY NOT PARTICIPATE OR BE PRESENT IN MEETINGS WHEN THE POTENTIAL CONFLICT OF INTEREST IS DISCUSSED OR DETERMINED. AUTHORIZATION OF A TRANSACTION IS APPROVED BY THE BOARD OR BOARD COMMITTEE WITHOUT THE PRESENCE OF THE INTERESTED PERSON. THE BOARD OR BOARD COMMITTEE WILL REVIEW AVAILABLE INFORMATION REGARDING THE COST/BENEFIT OF COMPARABLE TRANSACTIONS OR ARRANGEMENTS, AND MAY ALSO APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES. THE MINUTES OF ANY MEETING REGARDING THE TRANSACTION AND POTENTIAL CONFLICT OF INTEREST WILL REFLECT THAT THE INTERESTED PERSON HAS RECUSED THEMSELVES FROM THE MEETING AND ABSTAINED FROM VOTING. THE MINUTES WILL ALSO INCLUDE DETAILS ABOUT THE TRANSACTION, DATA GATHERED SURROUNDING THE TRANSACTION, THE DATE THE TRANSACTION WAS APPROVED, BOARD MEMBERS PRESENT DURING THE DELIBERATIONS AND THE RESULTS OF THE VOTING. THE MINUTES ARE REVIEWED AND APPROVED AT THE NEXT BOARD MEETING. IF IT IS DISCOVERED THAT AN INTERESTED PERSON FAILS TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST, THE BOARD WILL TAKE APPROPRIATE ACTION INCLUDING REMOVAL FROM THE BOARD OR COMMITTEE, OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION C, LINE 19 FORM 990'S ARE MADE AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG. IN ADDITION, FORMS 990 AND 1023, AS WELL AS THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 5 HANOVER SQUARE, 9TH FLOOR, NEW YORK, NY 10004, OR BY CALLING THE ORGANIZATION AT 212-868-6710. FORM 990, PART XII, LINE 2C: BUILDING FOR THE FUTURE, INC. DOES NOT HAVE AN AUDIT COMMITTEE. NONPROFIT FINANCE FUND'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF BFF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. NONPROFIT FINANCE FUND 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 133238657 PROVIDE FIN. RESOURCES AS LOANS OR GRANTS & TECH ASST. TO NON-PROFIT ORGS NY 501(C)(3) LINE 7 N/A 0 NEW ENGLAND CULTURAL FACILITIES FUND 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 043278959 PROVIDE TECHNICAL ASSISTANCE AND LOANS TO NONPROFIT CULTURAL ORGANIZATIONS MA 501(C)(3) LINE 12A, I NONPROFIT FINANCE FUND 0 NFF NEW MARKETS FUND III LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 261409447 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND IV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757583 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND V LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757655 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND VI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757776 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND VII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263757955 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND VIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758074 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND IX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758286 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND X LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758444 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 263758447 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226575 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226658 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XIV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273226785 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227041 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XVI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227226 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XVII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227327 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XVIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227397 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XIX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227511 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227559 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XXI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227607 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XXII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227792 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XXIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227871 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XXIV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273227950 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 NFF NEW MARKETS FUND XXV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 273228011 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 CHASE NMTC AMISTAD INVESTMENT FUND LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 274862478 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 CHASE NMTC BREXTON INVESTMENT FUND LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 900906987 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0