BUILDING FOR THE FUTURE INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
BUILDING FOR THE FUTURE INC (EIN 13-4078657)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-17
IRS object ID
201433219349311233
Schema version
2013v3.0
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)
Return2014-11-17T17:18:27-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR DAVIES LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10022ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134078657EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BUILDING FOR THE FUTURE INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlBUILBusinessNameControlTxt
Phone2128686710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line170 WEST 36TH STREET 11TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG REIGELPersonNm
Person TitleCFOPersonTitleTxt
Phone2128686710PhoneNum
Signature2014-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINS CPAPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2014-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANTONY BUGG-LEVINEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line170 WEST 36TH STREET 11TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$2,470GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NONPROFITFINANCEFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
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$110PYInvestmentIncomeAmt
CY Investment Income$2,470CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$110PYTotalRevenueAmt
CY Total Revenue$2,470CYTotalRevenueAmt
PY Grants And Similar Paid$303,304PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$384,815CYGrantsAndSimilarPaidAmt
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$35,336PYOtherExpensesAmt
CY Other Expenses$30,729CYOtherExpensesAmt
PY Total Expenses$338,640PYTotalExpensesAmt
CY Total Expenses$415,544CYTotalExpensesAmt
PY Revenues Less Expenses-$338,530PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$413,074CYRevenuesLessExpensesAmt
Total Assets BOY$3,513,160TotalAssetsBOYAmt
Total Assets EOY$2,116,020TotalAssetsEOYAmt
Total Liabilities BOY$984,066TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,529,094NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,116,020NetAssetsOrFundBalancesEOYAmt
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$411,408ExpenseAmt
Grant$384,815GrantAmt
DescBUILDING 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, A FINAL REPORT IS REQUIRED FROM EACH GRANTEE. IN 2013, BUILDING FOR THE FUTURE, INC. PROVIDED FUNDS TO 9 GRANTEES FOR A TOTAL OF $384,815 IN GRANT SUPPORT.Desc
Total Program Service Expenses$411,408TotalProgramServiceExpensesAmt
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 Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
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 Duties0DelegationOfMgmtDutiesInd
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 Body0Form990ProvidedToGvrnBodyInd
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 Line170 WEST 36TH STREET 11TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

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
ANTONY BUGG-LEVINE
PRESIDENT2.0050.00Yes (X)Yes (X)$0$323,760$26,662
ROBERT S ROBBIN ESQ
CHAIR2.002.50Yes (X)Yes (X)$0$0$0
ELIZABETH ORTIZ
TREASURER UNTIL 5/15/132.0050.00Yes (X)Yes (X)$0$103,604$6,066
NORAH MCVEIGH
SECRETARY2.0050.50Yes (X)Yes (X)$0$216,550$36,153
ANDREW COHN
TRUSTEE2.002.00Yes (X)$0$0$0
JANET THOMPSON
TRUSTEE2.002.50Yes (X)$0$0$0
KIMBERLY JOHNSON
TRUSTEE UNTIL 12/11/132.002.00Yes (X)$0$0$0
CRAIG REIGEL
CHIEF FINANCIAL OFFICER2.0050.00Yes (X)$0$187,861$23,959
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$831,775TotReportableCompRltdOrgAmt
Total Other Compensation$92,840TotalOtherCompensationAmt
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$2,470TotalRevenueColumnAmt
Exclusion$2,470ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,470TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,470ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$384,815TotalAmt
Program Services$384,815ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$38TotalAmt
Program Services$33ProgramServicesAmt
Management And General$5ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,025TotalAmt
Program Services$889ProgramServicesAmt
Management And General$136ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$181TotalAmt
Program Services$157ProgramServicesAmt
Management And General$24ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,682TotalAmt
Program Services$2,321ProgramServicesAmt
Management And General$361ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,452TotalAmt
Program Services$1,256ProgramServicesAmt
Management And General$196ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$205TotalAmt
Program Services$177ProgramServicesAmt
Management And General$28ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$124TotalAmt
Program Services$107ProgramServicesAmt
Management And General$17ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
ALLOC STAFF SALARIES$20,008$17,315$2,693
ALLOC STAFF INS/PR TAX$4,596$3,977$619
MAINTENANCE & REPAIRS$133$115$18
DUES & MEMBERSHIP$88$76$12

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$197TotalAmt
Program Services$170ProgramServicesAmt
Management And General$27ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$415,544TotalAmt
Program Services$411,408ProgramServicesAmt
Management And General$4,136ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,513,160BOYAmt
EOY$1,626,147EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$489,873EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,513,160BOYAmt
EOY$2,116,020EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$984,066BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$984,066BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,529,094BOYAmt
EOY$2,116,020EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,529,094BOYAmt
EOY$2,116,020EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,513,160BOYAmt
EOY$2,116,020EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$413,074ReconcilationRevenueExpnssAmt
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 CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
CertificationYes (X)CertificationInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1NONPROFIT FINANCE FUNDBusinessNameLine1
FieldValueIRS element (for citing)
EIN133238657EIN
Organization Type7OrganizationTypeDesc
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt

Form990 Schedule A Part IV Form990ScheduleAPartIVGrp

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990 SCHEDULE A, PART I, LINE 11H, COLUMN (VII)FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,470TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,470RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,470TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$415,544TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$415,544ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$415,544TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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 2010.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BIRMINGHAM BLOOMFIELD ART CENTER
1516 SOUTH CRANBROOK ROADBIRMINGHAMMI48009381717631501 (C)(3)$42,250MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.
CATHOLIC SOCIAL SERVICES OF WAYNE COUNTY
9851 HAMILTON AVEDETROITMI48202381539820501 (C)(3)$17,833MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.
CRANBROOK EDUCATIONAL COMMUNITY
39221 WOODWARD AVENUEBLOOMFIELDMI48304382015048501 (C)(3)$110,000MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.
GLEANERS COMMUNITY FOOD BANK
2131 BEAUFAITDETROITMI48207382156255501 (C)(3)$69,942MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT
HAVEN
92 WHITTEMOREPONTIACMI48342382426175501 (C)(3)$14,833MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.
JUDSON CENTER INC
4410 W THIRTEEN MILE ROADROYAL OAKMI48073381359084501 (C)(3)$26,880MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT
NEW CENTER COMMUNITY MENTAL HEALTH SERVICES
2051 WEST GRAND BOULEVARDDETROITMI48208382282236501 (C)(3)$47,414MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT
VISTA MARIA
20651 WEST WARREN AVENUEDEARBORN HEIGHTSMI48127381359262501 (C)(3)$18,500MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT
MICHIGAN HUMANE SOCIETY
30300 TELEGRAPH RD STE 220BINGHAM FARMSMI48025381358206501 (C)(3)$10,750MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt
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
ANTONY BUGG-LEVINE
PRESIDENT$0$293,760$0$30,000$0$0$0$14,946$0$11,716$0$350,422$0$0
NORAH MCVEIGH
SECRETARY$0$196,550$0$20,000$0$0$0$17,939$0$18,214$0$252,703$0$0
CRAIG REIGEL
CHIEF FINANCIAL OFFICER$0$187,861$0$0$0$0$0$17,070$0$6,889$0$211,820$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 HAS A BOARD-LEVEL COMMITTEE WHOSE RESPONSIBILITY IS TO DETERMINE THE SALARY OF ITS CEO, AND ENSURE THE REASONABILITY OF ALL OTHER SALARIES. COMPARABLE DATA IS USED TO SUPPORT COMPENSATION DECISIONS. THE COMMITTEE IS COMPRISED SOLELY OF INDEPENDENT VOTING MEMBERS OF THE BOARD OF DIRECTORS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 11THE ORGANIZATION IS IN THE PROCESS OF RE-ESTABLISHING A PROCESS FOR REVIEW OF THE FORM 990 BY THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES TO BE IMPLEMENTED IN 2014.
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. 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 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 70 WEST 36TH STREET, 11TH FLOOR, NEW YORK, NY 10018, OR BY CALLING THE ORGANIZATION AT 212-868-6710.
FORM 990, PART VI, SECTION B, LINE 15A AND B: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 HAS A BOARD-LEVEL COMMITTEE WHOSE RESPONSIBILITY IS TO DETERMINE THE SALARY OF ITS CEO, AND ENSURE THE REASONABILITY OF ALL OTHER SALARIES. THE COMMITTEE IS COMPRISED SOLELY OF INDEPENDENT VOTING MEMBERS OF THE BOARD OF DIRECTORS. IN ORDER TO FULFILL THIS RESPONSIBILITY, NONPROFIT FINANCE FUND CONTRACTS WITH A HUMAN RESOURCES CONSULTING FIRM TO PERFORM A SALARY BENCHMARKING STUDY (AGAINST A BROAD ARRAY OF NONPROFIT ORGANIZATIONS) FOR ALL POSITIONS WITHIN THE ORGANIZATION. IN ADDITION, FOR THE DETERMINATION OF THE CEO'S SALARY THE ORGANIZATION COMPILES A LIST OF SALARIES OF CEO'S OF OTHER COMPARABLE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. THIS INFORMATION IS ANALYZED AND DISCUSSED DURING AN ANNUAL MEETING OF THE COMPENSATION COMMITTEE, AT WHICH POINT THE CEO'S SALARY IS ESTABLISHED AND THE COMMITTEE DETERMINED THAT THE SALARIES OF OTHER OFFICERS AND KEY EMPLOYEES WERE REASONABLE. THE BOARD-LEVEL COMMITTEE OF NONPROFIT FINANCE FUND LAST MET FOR THIS PURPOSE DURING OCTOBER 2012.
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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
NONPROFIT FINANCE FUND
70 WEST 36TH STREETNEW YORKNY100188007133238657PROVIDE FINANCIAL RESOURCES AS LOANS OR GRANTS TO NON-PROFIT ORGANIZATIONSNY501(C)(3)7N/A0
NEW ENGLAND CULTURAL FACILITIES FUND
70 WEST 36TH STREETNEW YORKNY100188007043278959PROVIDE TECHNICAL ASSISTANCE AND LOANS TO NONPROFIT CULTURAL ORGANIZATIONSMA501(C)(3)11 TYPE 10NONPROFIT FINANCE FUND
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 Org0PerformOfServicesByOtherOrgInd
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 Org0TransferFromOtherOrgInd

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