2013-11-12T13:48:24-06:00 2012-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2012-01-01 134078657 BUILDING FOR THE FUTURE INC BUIL 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 ANTONY BUGG-LEVINE 2128686710 2013-11-11 1 GARRETT M HIGGINS CPA P00543209 2122862600 2013-11-11 2012 2016-02-24 21:20:13Z ANTONY BUGG-LEVINE 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 110 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. 7 4 0 4 0 0 0 0 0 0 100 110 0 0 100 110 401783 303304 0 0 0 0 0 0 0 46565 35336 448348 338640 -448248 -338530 3473598 3513160 605974 984066 2867624 2529094 HELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY. 0 0 334035 303304 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 2012, BUILDING FOR THE FUTURE, INC. PROVIDED FUNDS TO 23 GRANTEES FOR A TOTAL OF $303,304 IN GRANT SUPPORT. 334035 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 7 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X NORAH MCVEIGH CO NONPROFIT FINANC 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 ANTONY BUGG-LEVINE 2.00 50.00 X X 0 283652 22337 ROBERT S ROBBIN ESQ 2.00 4.00 X X 0 0 0 ELIZABETH ORTIZ 2.00 50.00 X X 0 214117 15083 NORAH MCVEIGH 2.00 52.00 X X 0 175507 21288 ANDREW COHN 2.00 2.00 X 0 0 0 JANET THOMPSON 2.00 4.00 X 0 0 0 KIMBERLY JOHNSON 2.00 2.00 X 0 0 0 0 673276 58708 0 0 1 0 0 110 110 110 0 0 110 303304 303304 204 177 27 982 853 129 646 562 84 2752 2394 358 3099 2695 404 305 266 39 136 118 18 ALLOC STAFF SALARIES 21723 18892 2831 ALLOC STAFF INS/PR TAX 5365 4666 699 MAINTENANCE & REPAIRS 109 95 14 0 MISCELLANEOUS 15 13 2 338640 334035 4605 0 3473598 3513160 3473598 3513160 605974 984066 605974 984066 X 2867624 2529094 2867624 2529094 3473598 3513160 -338530 0 X X 0 1 X 1 0 X X X 0 0 0 NONPROFIT FINANCE FUND 133238657 7 1 1 1 303304 1 303304 0 DUE TO AFFILIATES 984066 984066 X 110 0 110 0 110 338640 0 338640 0 338640 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009. 1 ARAB-AMERICAN & CHALDEAN COUNCIL 28551 SOUTHFIELD ROAD LATHRUP VILLAGE MI 48076 382311840 501 (C)(3) 29104 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. CATHOLIC SOCIAL SERVICES OF WAYNE COUNTY 9851 HAMILTON AVE DETROIT MI 48202 381539820 501 (C)(3) 10333 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. GIRL SCOUTS OF SOUTHEASTERN MICHIGAN 500 FISHER BLDG 3011 W GRAND BLVD DETROIT MI 48202 381598947 501 (C)(3) 31697 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. HAVEN 92 WHITTEMORE PONTIAC MI 48342 382426175 501 (C)(3) 20917 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. JARC 30301 NORTHWESTERN HWY STE 100 FARMINGTON HILLS MI 48334 237044561 501 (C)(3) 70267 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. JEWISH VOCATIONAL SERVICES 29699 SOUTHFIELD ROAD SOUTHFIELD MI 48076 381358013 501 (C)(3) 9448 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. LIGHTHOUSE OF OAKLAND COUNTY 46156 WOODWARD AVENUE PONTIAC MI 48342 382391381 501 (C)(3) 15700 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. AFFIRMATIONS 290 W 9 MILE ROAD FERNDALE MI 48220 382882823 501 (C)(3) 28000 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. MICHIGAN HUMANE SOCIETY 30300 TELEGRAPH RD STE 220 BINGHAM FARMS MI 48025 381358206 501 (C)(3) 62000 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. 9 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 283652 0 0 0 0 0 12113 0 10224 0 305989 0 0 ELIZABETH ORTIZ 0 214117 0 0 0 0 0 13378 0 1705 0 229200 0 0 NORAH MCVEIGH 0 175507 0 0 0 0 0 11399 0 9889 0 196795 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 UPON COMPLETION OF THE FORM 990, THE FORM IS PROVIDED TO THE AUDIT COMMITTEE OF THE NONPROFIT FINANCE FUND (NFF), THE ORGANIZATION THAT BUILDING FOR THE FUTURE, INC. (BFF) SUPPORTS. SUBSEQUENT TO THIS, A COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO 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. COMPENSATION POLICY: 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. OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: 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) 170(B)(1)(A)(VI) 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) 509(A)(3) NONPROFIT FINANCE FUND 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0