2014-11-17T17:18:27-06:00 2013-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2013-01-01 134078657 BUILDING FOR THE FUTURE INC BUIL 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 CRAIG REIGEL CFO 2128686710 2014-11-17 1 GARRETT M HIGGINS CPA P00543209 2122862600 2014-11-17 2013 2015-11-30 17:44:51Z ANTONY BUGG-LEVINE 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 2470 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 4 0 0 0 0 0 0 110 2470 0 0 110 2470 303304 384815 0 0 0 0 0 0 0 35336 30729 338640 415544 -338530 -413074 3513160 2116020 984066 0 2529094 2116020 HELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY. 0 0 411408 384815 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, 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. 411408 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 5 3 0 0 0 0 0 0 0 1 0 0 0 0 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 323760 26662 ROBERT S ROBBIN ESQ CHAIR 2.00 2.50 X X 0 0 0 ELIZABETH ORTIZ TREASURER UNTIL 5/15/13 2.00 50.00 X X 0 103604 6066 NORAH MCVEIGH SECRETARY 2.00 50.50 X X 0 216550 36153 ANDREW COHN TRUSTEE 2.00 2.00 X 0 0 0 JANET THOMPSON TRUSTEE 2.00 2.50 X 0 0 0 KIMBERLY JOHNSON TRUSTEE UNTIL 12/11/13 2.00 2.00 X 0 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 2.00 50.00 X 0 187861 23959 0 831775 92840 0 0 1 0 0 2470 2470 2470 0 0 2470 384815 384815 38 33 5 1025 889 136 181 157 24 2682 2321 361 1452 1256 196 205 177 28 124 107 17 ALLOC STAFF SALARIES 20008 17315 2693 ALLOC STAFF INS/PR TAX 4596 3977 619 MAINTENANCE & REPAIRS 133 115 18 DUES & MEMBERSHIP 88 76 12 197 170 27 415544 411408 4136 0 3513160 1626147 489873 3513160 2116020 984066 0 984066 0 X 2529094 2116020 2529094 2116020 3513160 2116020 -413074 0 X X 0 1 X 1 0 X X X 0 0 0 NONPROFIT FINANCE FUND 133238657 7 1 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 X 2470 0 2470 0 2470 415544 0 415544 0 415544 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 2010. 1 BIRMINGHAM BLOOMFIELD ART CENTER 1516 SOUTH CRANBROOK ROAD BIRMINGHAM MI 48009 381717631 501 (C)(3) 42250 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. CATHOLIC SOCIAL SERVICES OF WAYNE COUNTY 9851 HAMILTON AVE DETROIT MI 48202 381539820 501 (C)(3) 17833 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. CRANBROOK EDUCATIONAL COMMUNITY 39221 WOODWARD AVENUE BLOOMFIELD MI 48304 382015048 501 (C)(3) 110000 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. GLEANERS COMMUNITY FOOD BANK 2131 BEAUFAIT DETROIT MI 48207 382156255 501 (C)(3) 69942 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT HAVEN 92 WHITTEMORE PONTIAC MI 48342 382426175 501 (C)(3) 14833 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. JUDSON CENTER INC 4410 W THIRTEEN MILE ROAD ROYAL OAK MI 48073 381359084 501 (C)(3) 26880 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT NEW CENTER COMMUNITY MENTAL HEALTH SERVICES 2051 WEST GRAND BOULEVARD DETROIT MI 48208 382282236 501 (C)(3) 47414 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT VISTA MARIA 20651 WEST WARREN AVENUE DEARBORN HEIGHTS MI 48127 381359262 501 (C)(3) 18500 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT MICHIGAN HUMANE SOCIETY 30300 TELEGRAPH RD STE 220 BINGHAM FARMS MI 48025 381358206 501 (C)(3) 10750 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. 9 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 293760 0 30000 0 0 0 14946 0 11716 0 350422 0 0 NORAH MCVEIGH SECRETARY 0 196550 0 20000 0 0 0 17939 0 18214 0 252703 0 0 CRAIG REIGEL CHIEF FINANCIAL OFFICER 0 187861 0 0 0 0 0 17070 0 6889 0 211820 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 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. 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 THE 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 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 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. 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 0 1 1 0 0 0 0