BUILDING FOR THE FUTURE INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BUILDING FOR THE FUTURE INC (EIN 13-4078657)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-15
IRS object ID
201612289349301231
Schema version
2015v2.1
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)
Return2016-08-15T10:09:37-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134078657EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BUILDING FOR THE FUTURE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUILBusinessNameControlTxt
Phone2128686710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 HANOVER SQUARE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG REIGELPersonNm
Person TitleCFOPersonTitleTxt
Phone2128686710PhoneNum
Signature2016-08-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2016-08-15PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerANTONY BUGG-LEVINEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 HANOVER SQUARE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$499GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1999FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$2,643PYInvestmentIncomeAmt
CY Investment Income$499CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,643PYTotalRevenueAmt
CY Total Revenue$499CYTotalRevenueAmt
PY Grants And Similar Paid$171,086PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$123,600CYGrantsAndSimilarPaidAmt
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$40,715PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$211,801PYTotalExpensesAmt
CY Total Expenses$123,600CYTotalExpensesAmt
PY Revenues Less Expenses-$209,158PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$123,101CYRevenuesLessExpensesAmt
Total Assets BOY$6,011,587TotalAssetsBOYAmt
Total Assets EOY$6,263,129TotalAssetsEOYAmt
Total Liabilities BOY$4,104,725TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,479,368TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,906,862NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,783,761NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$123,600ExpenseAmt
Grant$123,600GrantAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$123,600TotalProgramServiceExpensesAmt
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 CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
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 OrganizationsYes (1)GrantsToOrganizationsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
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 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 PolicyYes (1)DocumentRetentionPolicyInd
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

FieldValueIRS element (for citing)
PersonCRAIG REIGEL CO NONPROFIT FINANCEPersonNm
Phone2128686710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15 HANOVER SQUARE 9TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARIA BLAIR
CHAIR0.502.00Yes (X)Yes (X)$0$0$0
ROBERT S ROBBIN ESQ
CHAIR UNTIL 6/16/150.502.50Yes (X)Yes (X)$0$0$0
NORAH MCVEIGH
SECRETARY1.0050.50Yes (X)Yes (X)$0$206,066$49,284
ANTONY BUGG-LEVINE
DIRECTOR1.0050.00Yes (X)$0$282,462$39,581
ANDREW COHN
DIRECTOR0.502.00Yes (X)$0$0$0
JANET THOMPSON
DIRECTOR UNTIL 4/1/150.502.50Yes (X)$0$0$0
OMMEED SATHE
DIRECTOR AS OF 9/25/150.502.00Yes (X)$0$0$0
CRAIG REIGEL
CHIEF FINANCIAL OFFICER1.0050.00Yes (X)$0$208,694$29,856
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$697,222TotReportableCompRltdOrgAmt
Total Other Compensation$118,721TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$499TotalRevenueColumnAmt
Exclusion$499ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$499TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$499ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$123,600TotalAmt
Program Services$123,600ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$123,600TotalAmt
Program Services$123,600ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$202,890BOYAmt
EOY$203,388EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,006,932BOYAmt
EOY$1,662,484EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,801,765BOYAmt
EOY$4,397,257EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,011,587BOYAmt
EOY$6,263,129EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$3,801,765BOYAmt
EOY$4,397,257EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$302,960BOYAmt
EOY$82,111EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,104,725BOYAmt
EOY$4,479,368EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,906,862BOYAmt
EOY$1,783,761EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,906,862BOYAmt
EOY$1,783,761EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,011,587BOYAmt
EOY$6,263,129EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$123,101ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1NONPROFIT FINANCE FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN133238657EIN
Organization Type7OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
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

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990 SCHEDULE A, PART I, LINE 11G, COLUMN (VI)FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION PROVIDES FINANCIAL RESOURCES AS LOANS OR GRANTS AND PROVIDES TECHNICAL ASSISTANCE TO NON-PROFIT ORGANIZATIONS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescCASH HELD AS AGENTDesc
Book Value$4,397,257BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$4,397,257TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO AFFILIATESDesc
Amt$82,111Amt
FieldValueIRS element (for citing)
Total Liability$82,111TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$12,759,027TotalRevEtcAuditedFinclStmtAmt
Other Revenue$12,758,528OtherRevenueAmt
Revenue Not Reported$12,758,528RevenueNotReportedAmt
Revenue Subtotal$499RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$499TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,895,357TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$14,771,757OtherExpensesIncludedAmt
Expenses Not Reported$14,771,757ExpensesNotReportedAmt
Expenses Subtotal$123,600ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$123,600TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 2012.
PART XI, LINE 2D - OTHER ADJUSTMENTS:RELATED PARTY REVENUE 12,758,528.
PART XII, LINE 2D - OTHER ADJUSTMENTS:RELATED PARTY EXPENSES 14,771,757.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
AFFIRMATIONS
290 W NINE MILE ROADFERNDALEMI48220382882823501 (C)(3)$19,000GRANT FOR PREVENTIVE MAINTENANCE
GLEANERS COMMUNITY FOOD BANK
2131 BEAUFAITDETROITMI48207382156255501 (C)(3)$14,522GRANT FOR PREVENTIVE MAINTENANCE
MICHIGAN HUMANE SOCIETY
30300 TELEGRAPH ROAD SUITE 220BINGHAM FARMSMI48025381358206501 (C)(3)$17,000GRANT FOR PREVENTIVE MAINTENANCE
NEIGHBORHOOD CLUB
17150 WATERLOO STGROSSE POINTEMI48230381387143501 (C)(3)$29,065GRANT FOR PREVENTIVE MAINTENANCE
VISTA MARIA
20651 WEST WARREN AVENUEDEARBORN HEIGHTSMI48127381359262501 (C)(3)$24,950GRANT FOR PREVENTIVE MAINTENANCE
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBUILDING 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. AT THE END OF THE TERM OF THE GRANT, A FINAL REPORT IS REQUIRED FROM EACH GRANTEE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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 (3 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
NORAH MCVEIGH
SECRETARY$0$206,066$0$0$0$0$0$13,200$0$36,084$0$255,350$0$0
ANTONY BUGG-LEVINE
DIRECTOR$0$282,462$0$0$0$0$0$17,400$0$22,181$0$322,043$0$0
CRAIG REIGEL
CHIEF FINANCIAL OFFICER$0$208,694$0$0$0$0$0$12,780$0$17,076$0$238,550$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationBUILDING 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1TO HELP OTHER NONPROFIT ORGANIZATIONS PLAN FOR THEIR LONG TERM NEEDS, PERFORM ONGOING PREVENTIVE MAINTENANCE, BUILD RESERVES AND HELP OTHER ORGANIZATIONS MANAGE PHYSICAL ASSETS EFFICIENTLY AND TO SUPPORT THEIR OPERATIONS.
FORM 990, PART III, LINE 4ABUILDING FOR THE FUTURE, INC. MAKES GRANTS TO OTHER NON-PROFIT ORGANIZATIONS AS PART OF A VARIETY OF FUNDER-SPECIFIC INITIATIVES. ORGANIZATIONS IN RECEIPT OF GRANT FUNDING HAVE USED THE SUPPORT FOR SUCH PURPOSES AS PLANNING THEIR LONG TERM FACILITY NEEDS, PERFORMING ONGOING PREVENTATIVE MAINTENANCE, BUILDING AND MANAGING THEIR ASSETS EFFICIENTLY AND SUPPORTING THEIR OPERATIONS. 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 OF THE GRANT. AT THE END OF THE TERM OF THE GRANT, ALL EARNED FUNDS ARE DISBURSED TO THE GRANTEE IN ACCORDANCE WITH THE TERMS OF THE ORIGINAL BFF AGREEMENT LETTER. IN 2015, BUILDING FOR THE FUTURE, INC. DISBURSED $123,600 AS GRANT SUPPORT TO 15 ORGANIZATIONS.
FORM 990, PART VI, SECTION A, LINE 3BUILDING 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 ANTHONY 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 8BMINUTES 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 11DRAFT 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 12CTHE 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 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 19FORM 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. DO 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
NONPROFIT FINANCE FUND
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004133238657PROVIDE FIN. RESOURCES AS LOANS OR GRANTS & TECH ASST. TO NON-PROFIT ORGSNY501(C)(3)7N/A0
NEW ENGLAND CULTURAL FACILITIES FUND
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004043278959PROVIDE TECHNICAL ASSISTANCE AND LOANS TO NONPROFIT CULTURAL ORGANIZATIONSMA501(C)(3)11 TYPE 10NONPROFIT FINANCE FUND

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (27 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
NFF NEW MARKETS FUND I LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004205899397FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND III LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004261409447FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND IV LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263757583FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND V LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263757655FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND VI LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263757776FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND VII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263757955FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND VIII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263758074FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND IX LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263758286FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND X LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263758444FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XI LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004263758447FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273226575FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XIII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273226658FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XIV LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273226785FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XV LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227041FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XVI LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227226FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XVII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227327FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XVIII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227397FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XIX LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227511FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XX LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227559FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XXI LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227607FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XXII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227792FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XXIII LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227871FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XXIV LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273227950FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS FUND XXV LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004273228011FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
NFF NEW MARKETS WAREHOUSE LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004205899492FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
CHASE NMTC AMISTAD INVESTMENT FUND LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004274862478FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
CHASE NMTC BREXTON INVESTMENT FUND LLC
5 HANOVER SQUARE 9TH FLOORNEW YORKNY10004900906987FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITSNYN/AN/A00
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 SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

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