2012-11-12T09:18:49-06:00 2011-12-31 133385019 O'CONNOR DAVIES MUNNS & DOBBINS LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2011-01-01 134078657 BUILDING FOR THE FUTURE INC BUIL 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 ELIZABETH ORTIZ 2128686710 2012-11-10 1 MARK J PISZKO P01402796 2122862600 2011 2016-02-24 21:20:13Z CLARA MILLER 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 100 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. 8 3 0 5 0 0 0 0 0 0 330 100 0 0 330 100 664627 401783 0 0 0 0 0 0 0 74166 46565 738793 448348 -738463 -448248 3657257 3473598 341385 605974 3315872 2867624 HELPING OTHER NONPROFIT ORGANIZATIONS TO PLAN FOR THEIR LONG TERM FACILITY NEEDS, AS WELL AS BUILD AND MANAGE THEIR ASSETS EFFICIENTLY. 0 0 442724 401783 PROVIDED MATCHING GRANTS TO 8 OTHER NONPROFIT ORGANIZATIONS TO HELP PLAN THEIR LONG TERM FACILITY NEEDS, PERFORM ONGOING PREVENTATIVE MAINTENANCE, BUILD AND MANAGE THEIR ASSETS EFFICIENTLY AND SUPPORT THEIR OPERATIONS SO THAT ORGANIZATIONS MAY FOCUS MORE ON RESOURCES. 442724 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 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X X ELIZABETH ORTIZ CO NONPROFIT FINA 2128686710 70 WEST 36TH STREET 11TH FLOOR NEW YORK NY 10018 X CLARA MILLER 2.00 X X 0 88054 6313 ROBERT S ROBBIN ESQ 2.00 X X 0 0 0 ELIZABETH ORTIZ 2.00 X X 0 206980 20569 NORAH MCVEIGH 2.00 X X 0 0 0 ANDREW COHN 2.00 X 0 0 0 JANET THOMPSON 2.00 X 0 0 0 KIMBERLY JOHNSON 2.00 X 0 0 0 ANTONY BUGG-LEVINE 2.00 X X 0 0 0 0 295034 26882 0 0 1 0 0 100 100 100 0 0 100 401783 401783 2361 2076 285 875 769 106 5147 4525 622 114 100 14 2111 1856 255 525 461 64 3187 2802 385 1352 1189 163 99 87 12 239 210 29 ALLOC STAFF SALARIES 24372 21430 2942 ALLOC STAFF BENEFITS & 5767 5070 697 MISCELLANEOUS 416 366 50 448348 442724 5624 0 3657257 3473598 3657257 3473598 341385 605974 341385 605974 X 3315872 2867624 3315872 2867624 3657257 3473598 -448248 0 X X 0 1 1 X 0 X X 0 0 0 NONPROFIT FINANCE FUND 133238657 7 1 1 1 448348 1 448348 0 DUE TO AFFILIATES 605974 605974 100 448348 -448248 -448248 100 0 100 0 100 448348 0 448348 0 448348 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FUND'S CURRENT 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 2008. 1 CATHOLIC SOCIAL SERVICES OF WAYNE COUNTY 9851 HAMILTON AVE DETROIT MI 48202 381539820 501 (C)(3) 9167 0 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT.MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. BOYS AND GIRLS CLUB OF DORCHESTER 1135 DORCHESTER AVE DORCHESTER MA 02125 237076465 501 (C)(3) 38000 0 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. BOYS AND GIRLS CLUB OF WOBURN CHARLES GARDNER LANE WOBURN MA 01801 042301953 501 (C)(3) 63100 0 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. BOYS AND GIRLS CLUB OF PASSAIC 14-20 HUDSON STREET PASSAIC NJ 07055 221487592 501 (C)(3) 63267 0 MATCHING GRANT FOR SYSTEMS REPAIR/REPLACEMENT. COMMUNITY ASSESSMENT REFERRAL EDUCATION 31900 UTICA ROAD FRASOR MI 48026 382175274 501 (C)(3) 9452 0 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT JEWISH VOCATIONAL SERVICES 29699 SOUTHFIELD ROAD SOUTHFIELD MI 48076 381358013 501 (C)(3) 38594 0 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT NORTHEAST GUIDANCE CENTER INC 2900 CONNER BUILDING A DETROIT MI 48215 237420459 501 (C)(3) 74166 0 MATCHING GRANT FOR SYSTEM REPAIRS AND REPLACEMENT 7 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 ELIZABETH ORTIZ 0 206980 0 0 0 0 0 12900 0 7669 0 227549 0 0 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 ON AN ANNUAL BASIS, ALL DIRECTORS AND NEW EMPLOYEES ARE ASKED TO READ (OR RE-READ) THE CONFLICT OF INTEREST POLICY, SIGN AND SUBMIT A FORM ACKNOWLEDGING THAT THEY HAVE READ THE POLICY, AND SIGN AND SUBMIT A STATEMENT DISCLOSING A POTENTIAL CONFLICT OF INTEREST(OR STATING THAT NONE EXISTS). ALL POTENTIAL CONFLICTS ARE INVESTIGATED BY SENIOR MANAGEMENT AND RESOLVED IN A MANNER MOST APPROPRIATE FOR EACH POTENTIAL CONFLICT. 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 2011. HOURS DESCRIBED FOR RELATED ORGANIZATIONS: FORM 990, PART VII, SECTION A, AND COLUMN (A): THE FOLLOWING ORGANIZATIONS, INCLUDING THE FILING ORGANIZATION, BUILDING FOR THE FUTURE, INC. (BFF), HAVE SIMILAR INDIVIDUALS, WHO ARE MENTIONED BELOW, SERVING ON THEIR BOARDS: NONPROFIT FINANCE FUND (NFF) AND NEW ENGLAND CULTURAL FACILITIES FUND (NECFF). ANTONY BUGG-LEVINE, PRESIDENT OF THE BOARD OF BFF ALSO SERVES ON THE BOARD OF NECFF AS PRESIDENT AND SPENDS ON AVERAGE OF 2 HOURS PER WEEK DEVOTED TO THIS POSITION. HE IS ALSO THE PRESIDENT AND CEO OF NFF AND SPENDS ON AVERAGE 35 HOURS PER WEEK DEVOTED TO THIS POSITION. ANDREW COHN, TRUSTEE OF BFF ALSO SERVES AS DIRECTOR AND SECRETARY OF THE BOARD OF NFF AND SPENDS ON AVERAGE 2 HOURS PER WEEK DEVOTED TO THIS POSITION. ROBERT S. ROBBIN, ESQ, CHAIR OF THE BOARD OF BFF AND ALSO SERVES AS DIRECTOR ON THE BOARD OF NFF AND NECFF AND SPENDS ON AVERAGE 2 HOURS PER WEEK DEVOTED TO EACH POSITION. ELIZABETH ORTIZ, TRUSTEE OF BFF, ALSO SERVES AS ASSISTANT TREASURER/COO OF NFF AND SPENDS ON AVERAGE 35 HOURS PER WEEK DEVOTED TO THIS POSITION. JANET THOMPSON, TRUSTEE OF BFF, ALSO SERVES AS DIRECTOR ON THE BOARD OF NFF AND NECFF, AND SPENDS ON AVERAGE 2 HOURS PER WEEK DEVOTED TO EACH POSITION. KIMBERLY JOHNSON, TRUSTEE OF BFF, ALSO SERVES AS DIRECTOR ON THE BOARD OF NFF, AND SPENDS ON AVERAGE 2 HOURS PER WEEK DEVOTED TO THIS POSITION. 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 1 1 0 0 0 0