Civic Intelligence

Building for the Future Inc

990 • Fiscal year 2016 • EIN 13-4078657

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

5 Hanover Square 9th FloorNew York, NY 10004

(212) 868-6710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

20196.89x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

1st percentile

-318496%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$388,636

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 157342.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,985,708

Down $277,421 (-4.4%) from 2015

Net Assets

Down

$997,077

Down $786,684 (-44%) from 2015

Liabilities

Up

$4,988,631

Up $509,263 (+11%) from 2015

Revenue

Down

$247

Down $252 (-51%) from 2015

Expenses

Up

$786,931

Up $663,331 (+537%) from 2015

Net Income

Down

-$786,684

Down $663,583 (-539%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,657,257Liabilities 2010: $341,385Net Assets 2010: $3,315,8722010Assets 2011: $3,473,598Liabilities 2011: $605,974Net Assets 2011: $2,867,6242011Assets 2012: $3,513,160Liabilities 2012: $984,066Net Assets 2012: $2,529,0942012Assets 2013: $2,116,020Liabilities 2013: $0Net Assets 2013: $2,116,0202013Assets 2014: $6,011,587Liabilities 2014: $4,104,725Net Assets 2014: $1,906,8622014Assets 2015: $6,263,129Liabilities 2015: $4,479,368Net Assets 2015: $1,783,7612015Assets 2016: $5,985,708Liabilities 2016: $4,988,631Net Assets 2016: $997,0772016Assets 2017: $1,601,385Liabilities 2017: $727,040Net Assets 2017: $874,3452017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$5,985,708
Liabilities$4,988,631
Net Assets$997,077

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2010: $330Expenses 2010: $738,793Net Income 2010: -$738,4632010Expenses 2011: $448,3482011Expenses 2012: $338,6402012Revenue 2013: $2,470Expenses 2013: $415,544Net Income 2013: -$413,0742013Revenue 2014: $2,643Expenses 2014: $211,801Net Income 2014: -$209,1582014Revenue 2015: $499Expenses 2015: $123,600Net Income 2015: -$123,1012015Revenue 2016: $247Expenses 2016: $786,931Net Income 2016: -$786,6842016Revenue 2017: $104Expenses 2017: $122,836Net Income 2017: -$122,7322017Revenue 2018: $32Expenses 2018: $472,964Net Income 2018: -$472,9322018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2016

Revenue$247
Expenses$786,931
Net Income-$786,684
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$247
Mission and Program Overview

Mission

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.all previously planned programmatic activities were concluded by 12/31/2018. The entity remains for administrative purposes and for the potential event of a resumption of programmatic activities funded by a third party in the future. The entity is inactive during 2019.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,662,484$467,613▼ $1,194,871
Cash and Non-Interest-Bearing Accounts$203,388$203,635▲ $247
Total Assets$6,263,129$5,985,708▼ $277,421
Other Assets Total$4,397,257$5,314,460▲ $917,203
Liabilities
Escrow Account Liability$4,397,257$4,988,631▲ $591,374
Other Liabilities$82,111$0▼ $82,111
Total Liabilities$4,479,368$4,988,631▲ $509,263
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,783,761$997,077▼ $786,684
Total Net Assets Fund Balance$1,783,761$997,077▼ $786,684
Total Liabilities and Net Assets / Fund Balance$6,263,129$5,985,708▼ $277,421

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$325,829--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maria BlairChair Thru 7.15.16
Andrew CohnDirector/interim Chair as of 7.15.16
Antony Bugg-levineDirector/president
Ommeed SatheDirector
Craig ReigelChief Financial Officer
Norah McveighSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$247
Other Revenue
$0
Change in Net Assets
$-786,684

Audited Revenue Reconciliation

Revenue per Audited Statements
$247
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,341,734
Total Revenue per Audited Statements
$24,341,981
Total Revenue per Form 990
$247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$786,931
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$786,931--$786,931
Total Functional Expenses$786,931$0$0$786,931

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,371,612
Expenses Not Reported on Form 990$16,584,681
Expenses per Audited Statements$786,931
Total Expenses per Form 990$786,931
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nonprofit Finance FundNew York, NY501 (c)(3)Grant for Preventive Maintenance$686,801
Cranbrook Educational CommunityBloomfield Hills, MI501 (c)(3)Grant for Preventive Maintenance$39,600
Affirmations Lesbian & Gay Community Center IncFerndale, MI501 (c)(3)Grant for Preventive Maintenance$22,500
Michigan Humane SocietyBingham Farms, MI501 (c)(3)Grant for Preventive Maintenance$13,250
Haven IncPontiac, MI501 (c)(3)Grant for Preventive Maintenance$12,834
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

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 antony bugg-levine, secretary norah mcveigh, and cfo craig reigel are employees of related organization nff and are compensated by nff during 2015 calendar year.

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 11B

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.

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. 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 (if any) 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, 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 5 hanover square, 9th floor, new york, ny 10004, or by calling the organization at 212-868-6710.

Filing and Contact Details

Filer

Filer Name
Building for the Future Inc
EIN
13-4078657
Phone
2128686710
Address
5 HANOVER SQUARE 9TH FLOOR, NEW YORK, NY 10004

Signing Officer

Name
Craig Reigel
Title
CFO
Phone
2128686710
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antony Bugg-levine
Formed
1999
Legal Domicile
De
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
665 FIFTH AVENUE, NEW YORK, NY 10022
Preparer
Garrett M Higgins
Phone
2122862600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Building for the future, inc. Does 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.

Financial Statement Notes

PART IV, LINE 2B:

The cash balance and offsetting liability are held in custodial accounts by building for the future ("bff") as an agent for bff program participants. Bff provides matching grant funds to nonprofit clients to seed reserves for their facilities.

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 2013.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Related party revenue 24,341,734.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Related party expenses 16,584,681.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1325829
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH HELD AS AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATE
IRS990ScheduleD/OtherExpensesIncludedAmt016584681
IRS990ScheduleD/OtherRevenueAmt024341734
IRS990ScheduleD/RevenueNotReportedAmt024341734
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0247
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CASH BALANCE AND OFFSETTING LIABILITY ARE HELD IN CUSTODIAL ACCOUNTS BY BUILDING FOR THE FUTURE ("BFF") AS AN AGENT FOR BFF PROGRAM PARTICIPANTS. BFF PROVIDES MATCHING GRANT FUNDS TO NONPROFIT CLIENTS TO SEED RESERVES FOR THEIR FACILITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RELATED PARTY REVENUE 24,341,734.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RELATED PARTY EXPENSES 16,584,681.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05314460
IRS990ScheduleD/TotalExpensesPerForm990Amt0786931
IRS990ScheduleD/TotalRevenuePerForm990Amt0247
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024341981
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017371612
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt022500
IRS990ScheduleI/RecipientTable/CashGrantAmt139600
IRS990ScheduleI/RecipientTable/CashGrantAmt213250
IRS990ScheduleI/RecipientTable/CashGrantAmt312834
IRS990ScheduleI/RecipientTable/CashGrantAmt4686801
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501 (C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501 (C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANT FOR PREVENTIVE MAINTENANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GRANT FOR PREVENTIVE MAINTENANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GRANT FOR PREVENTIVE MAINTENANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GRANT FOR PREVENTIVE MAINTENANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GRANT FOR PREVENTIVE MAINTENANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AFFIRMATIONS LESBIAN & GAY COMMUNITY CENTER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CRANBROOK EDUCATIONAL COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MICHIGAN HUMANE SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HAVEN INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4NONPROFIT FINANCE FUND
IRS990ScheduleI/RecipientTable/RecipientEIN0382882823
IRS990ScheduleI/RecipientTable/RecipientEIN1382015048
IRS990ScheduleI/RecipientTable/RecipientEIN2381358206
IRS990ScheduleI/RecipientTable/RecipientEIN3382426175
IRS990ScheduleI/RecipientTable/RecipientEIN4133238657
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0290 W NINE MILE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 801
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt230300 TELEGRAPH ROAD SUITE 220
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3801 VANGUARD DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt45 HANOVER SQUARE 9TH FL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FERNDALE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BLOOMFIELD HILLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BINGHAM FARMS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3PONTIAC
IRS990ScheduleI/RecipientTable/USAddress/CityNm4NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048220
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148303
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248025
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd348341
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd410004
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BUILDING 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. AFTER DISBURSEMENT AND DURING TERM OF GRANT, THE GRANTEE IS REQUIRED TO PROVIDE PERIODIC REPORTS RELATED TO THE GRANT. AT THE END OF THE TERM OF THE GRANT, A FINAL REPORT IS REQUIRED FROM EACH GRANTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt05
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt027500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt230000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0212568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1302371
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2214078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt120788
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt214442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt036970
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt125477
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt218506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0NORAH MCVEIGH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANTONY BUGG-LEVINE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CRAIG REIGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0291925
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1388636
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2277026
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BUILDING 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 BOARD IS RESPONSIBLE FOR SETTING COMPENSATION FOR ITS TOP MANAGEMENT AND KEY EMPLOYEES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUILDING 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 ANTONY BUGG-LEVINE, SECRETARY NORAH MCVEIGH, AND CFO CRAIG REIGEL ARE EMPLOYEES OF RELATED ORGANIZATION NFF AND ARE COMPENSATED BY NFF DURING 2015 CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFT 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 (IF ANY) 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BUILDING FOR THE FUTURE, INC. DOES 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd11N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd12N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.47$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.73$0.87$0.00$0.12$0.12
2016Detailed filing. Detailed filing data is available for this year.$5.99$4.99$1.00$0.00$0.79$0.79
2015Detailed filing. Detailed filing data is available for this year.$6.26$4.48$1.78$0.00$0.12$0.12
2014Summary only. Only limited summary data is available for this year.$6.01$4.10$1.91$0.00$0.21$0.21
2013Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.00$0.42$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.98$2.53$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.61$2.87$0.45
2010Summary only. Only limited summary data is available for this year.$3.66$0.34$3.32$0.00$0.74$0.74