2015-11-06T16:12:05-06:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-01-01 134078657 BUILDING FOR THE FUTURE INC BUIL 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 CRAIG REIGEL CFO 2128686710 2015-11-06 1 GARRETT M HIGGINS P00543209 2122862600 2014 2016-02-25 16:41:14Z ANTONY BUGG-LEVINE 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 2643 0 X WWW.NONPROFITFINANCEFUND.ORG X 1999 DE TO 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. 5 3 0 3 0 0 0 0 0 0 2470 2643 0 0 2470 2643 384815 171086 0 0 0 0 0 0 0 30729 40715 415544 211801 -413074 -209158 2116020 6011587 0 4104725 2116020 1906862 X HELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY. 0 0 209666 171086 BUILDING 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 2014, BUILDING FOR THE FUTURE, INC. DISBURSED $171,087 AS GRANT SUPPORT TO 22 ORGANIZATIONS. 209666 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 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 5 3 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 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 ANTONY BUGG-LEVINE PRESIDENT 2.00 50.00 X X 0 332162 38329 ROBERT S ROBBIN ESQ CHAIR 2.00 2.50 X X 0 0 0 NORAH MCVEIGH SECRETARY 2.00 50.50 X X 0 230079 49422 ANDREW COHN TRUSTEE 2.00 2.00 X 0 0 0 JANET THOMPSON TRUSTEE 2.00 2.50 X 0 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 2.00 50.00 X 0 234182 30515 0 796423 118266 0 0 1 0 0 2643 2643 2643 0 0 2643 171086 171086 235 235 283 283 1211 910 301 4641 4177 464 4644 4644 790 790 593 593 ALLOCATED STAFF SALARIE 22300 22300 ALLOCATED STAFF FRINGE 5759 5759 MAINTENANCE & REPAIRS 86 86 BANK FEES AND DUES 65 65 108 108 211801 209666 2135 0 200022 202890 1426125 2006932 489873 0 3801765 2116020 6011587 3801765 0 302960 0 4104725 X 2116020 1906862 2116020 1906862 2116020 6011587 -209158 0 X X 0 1 X 1 0 X X 1 NONPROFIT FINANCE FUND 133238657 7 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FORM 990 SCHEDULE A, PART I, LINE 11H, COLUMN (VII) THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE AND PLANNING SERVICES, AND ADVISES THE NONPROFIT FINANCE FUND OF THE OPPORTUNITIES TO SUPPORT NONPROFIT ORGANIZATIONS PLAN THEIR LONG TERM FACILITY NEEDS AND MANAGE THEIR ASSETS EFFECTIVELY. 0 1 X 0 CASH HELD AS AGENT 3801765 3801765 DUE TO AFFILIATES 302960 302960 X 19665768 19663125 19663125 2643 0 2643 34712740 34500939 34500939 211801 0 211801 PART IV, LINE 2B: THE CASH BALANCE AND OFFSETTING LIABILITY 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 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE 19,663,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES 34,500,939. 1 ARAB COMCTR FOR ECON SERVICES 2651 SAULINO CT DEARBORN MI 48120 237444497 501 (C) 3 35063 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT ARAB-AMERICAN & CHALDEAN COUNCIL 28551 SOUTHFIELD ROAD LATHRUP VILLAGE MI 48076 382311840 501 (C) 3 16396 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT COMMUNITY ASSESSMENT REFERRAL & EDUCATION 37900 UTICA ROAD FRASER MI 48026 382175274 501 (C) 3 9479 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT HAVEN 92 WHITTEMORE PONTIAC MI 48342 382426175 501 (C) 3 8417 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT JEWISH VOCATIONAL SERVICES 29699 SOUTHFIELD ROAD SOUTHFIELD MI MI 48076 381358013 501 (C) 3 22990 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT MICHIGAN HUMANE SOCIETY 30300 TELEGRAPH ROAD SUITE 220 BINGHAM FARMS MI 48025 381358206 501 (C) 3 22000 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT NORTHEAST GUIDANCE CENTERS 12800 E WARREN DETROIT MI 48215 381752961 501 (C) 3 25834 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT 7 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. 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 ANTONY BUGG-LEVINE PRESIDENT 0 287162 0 45000 0 0 0 15767 0 22562 0 370491 0 0 NORAH MCVEIGH SECRETARY 0 210079 0 20000 0 0 0 14506 0 34916 0 279501 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 0 213182 0 21000 0 0 0 13886 0 16629 0 264697 0 0 FORM 990, PART VI, SECTION A, LINE 3 BUILDING FOR THE FUTURE ("BFF") DOES NOT HAVE PAID EMPLOYEES. A RELATED ORGANIZATION NON PROFIT 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 2014 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 11 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. THIS CONFLICT OF INTEREST POLICY WAS REVISED IN 2012 . 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 ASKED 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 70 WEST 36TH STREET, 11TH FLOOR, NEW YORK, NY 10018, OR BY CALLING THE ORGANIZATION AT 212-868-6710. FORM 990, PART XII, LINE 2C: BUILDING FOR THE FUTURE, INC. HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. NONPROFIT FINANCE FUND 70 WEST 36TH STREET NEW YORK NY 100188007 133238657 PROVIDE FINANCIAL RESOURCES AS LOANS OR GRANTS TO NON-PROFIT ORGANIZATIONS NY 501(C)(3) 7 N/A 0 NEW ENGLAND CULTURAL FACILITIES FUND 70 WEST 36TH STREET NEW YORK NY 100188007 043278959 PROVIDE TECHNICAL ASSISTANCE AND LOANS TO NONPROFIT CULTURAL ORGANIZATIONS MA 501(C)(3) 11 TYPE 1 NONPROFIT FINANCE FUND 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1