Building for the Future Inc

“Building for the future ("bff") does not have paid employees. A related organization nonprofit 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 2015 calendar year.”

“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.”

“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.”

“The officers of building for the future, inc. Follow the conflict of interest and disclosure policy of the nonprofit finance fund, the parent organization. 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 required 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'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 5 hanover square, 9th floor, new york, ny 10004, or by calling the organization at 212-868-6710.”

“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.”

“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 2015, building for the future, inc. Disbursed $123,600 as grant support to 15 organizations.”

“Building for the future, inc. Do not have an audit committee. Nonprofit finance fund's audit committee is responsible for oversight of the audit of bff financial statements and selection of an independent accountant.”