Civic Intelligence

Build Up Nyc LLC

990 • Fiscal year 2015 • EIN 46-1378741

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 04, 2016

25 W 18th Street Fifth FloorNew York, NY 10011

(347) 201-2049

Siviq Scores

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

Liabilities / Assets

76th percentile

0.09x

Higher debt load relative to assets than 76% of similar nonprofits.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.13x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2015

Net Margin

1st percentile

-64%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2015

Asset Growth

2nd percentile

-45%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-61%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$903,212

Down $724,903 (-45%) from 2014

Net Assets

Down

$819,504

Down $744,532 (-48%) from 2014

Liabilities

Up

$83,708

Up $19,629 (+31%) from 2014

Revenue

Down

$632,000

Down $979,000 (-61%) from 2014

Expenses

Up

$1,037,412

Up $250,113 (+32%) from 2014

Net Income

Down

-$405,412

Down $1,229,113 (-149%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $780,440Liabilities 2013: $40,105Net Assets 2013: $740,3352013Assets 2014: $1,628,115Liabilities 2014: $64,079Net Assets 2014: $1,564,0362014Assets 2015: $903,212Liabilities 2015: $83,708Net Assets 2015: $819,5042015Assets 2016: $643,606Liabilities 2016: $108,847Net Assets 2016: $534,7592016Assets 2017: $384,702Liabilities 2017: $76,847Net Assets 2017: $307,8552017Assets 2018: $56,532Liabilities 2018: $6,000Net Assets 2018: $50,5322018Assets 2019: $47,725Liabilities 2019: $5,700Net Assets 2019: $42,0252019Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$903,212
Liabilities$83,708
Net Assets$819,504

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $502,000Expenses 2013: $872,665Net Income 2013: -$370,6652013Revenue 2014: $1,611,000Expenses 2014: $787,299Net Income 2014: $823,7012014Revenue 2015: $632,000Expenses 2015: $1,037,412Net Income 2015: -$405,4122015Revenue 2016: $515,000Expenses 2016: $799,745Net Income 2016: -$284,7452016Revenue 2017: $692,000Expenses 2017: $918,903Net Income 2017: -$226,9032017Revenue 2018: $140,000Expenses 2018: $397,323Net Income 2018: -$257,3232018Expenses 2019: $8,5072019Revenue 2020: $750Expenses 2020: $42,775Net Income 2020: -$42,0252020

Highlighted filing

2015

Revenue$632,000
Expenses$1,037,412
Net Income-$405,412
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$632,000
Mission and Program Overview

Mission

The organization was established to engage in activities to increase economic equality in the nyc metropolitan area. The organization seeks through these activities to protect and promote the interests of new york city's working class with a focus on construction and building service jobs that are created through real estate development projects in new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,194,447$661,420▼ $533,027
Accounts Receivable$431,000$220,000▼ $211,000
Prepaid Expenses and Deferred Charges$2,668$21,792▲ $19,124
Total Assets$1,628,115$903,212▼ $724,903
Liabilities
Accounts Payable and Accrued Expenses$64,079$83,708▲ $19,629
Total Liabilities$64,079$83,708▲ $19,629
Net Assets / Fund Balance
Unrestricted Net Assets$1,564,036$819,504▼ $744,532
Total Net Assets Fund Balance$1,564,036$819,504▼ $744,532
Total Liabilities and Net Assets / Fund Balance$1,628,115$903,212▼ $724,903
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary LabarberaPresident
Michael FishmanSecretary Tr
Joseph AzzopardiVice Preside
Robert BonanzaVice Preside
Steve McinnisVice Preside
Terry MooreVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Locker Associates INCResearch Cons.225 BROADWAY, New York, NY 10007$155,341
Revenue and Support

Revenue Composition

Contributions and Grants
$632,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$632,000
Change in Net Assets
$-405,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,037,412
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$278,855
Fees for Services Legal---$96,000
Insurance---$16,737
Occupancy---$14,637
Fees for Services Accounting---$8,013
Office Expenses---$5,353
Conferences and Meetings---$2,865
Other Expenses---$830
Total Functional Expenses$0$0$0$1,037,412
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Build up nyc llc was organized as an limited liability company with members.

Form 990, Page 6, Part VI, Line 9

Gary labarbera 71 west 23rd street, ste 501 new york, ny 10010 michael fishman 25 w 18th street new york, ny 10011 terry moore 1322 third avenue new york, ny 10021 robert bonanza 520 8th avenue, ste 650 new york, ny 10018 joseph azzopardi 45 w 14th street new york, ny 10011 steve mcinnis 395 hudson street new york, ny 10014

Form 990, Page 6, Part VI, Line 11B

The organization's policy requires the director to distribute the form 990 to the appropriate board members for review before it being filed with the irs.

Form 990, Page 6, Part VI, Line 19

If the governing documents of our organization are subject to the federal public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the documents will be provided to the public at the discretion of managment.

Filing and Contact Details

Filer

Filer Name
Build Up Nyc LLC
EIN
46-1378741
Phone
3472012049
Address
25 W 18TH STREET FIFTH FLOOR, NEW YORK, NY 10011

Signing Officer

Name
Gary Labarbera
Title
President
Phone
3472012049
Signed
2016-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Labarbera
Formed
2012
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Fitzsimmons Abrams Llp
Address
59 E 54TH ST RM 82, NEW YORK, NY 10022-9207
Preparer
David J Fitzsimmons
Phone
2127594949
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization was established to engage in activities to increase economic equality in the nyc metropolitan area. The organization seeks through these activities to protect and promote the interests of new york city's working class with a focus on construction and building service jobs that are created through real estate development projects in new york city.

Form 990, Part IX, Line 11G

Political consultant 72,000 0 0 research consultant 203,586 0 0 other consultant expenses 3,269 0 0

Form 990, Part XI

On july 21, 2015 the organization suffered a fraudulent loss of 31,120 (check 1387). An unknown party gained access to the organizations it system and stole information resulting in a theft of 31,120. To date the organization has received no retribution or reimbursement from either their insurance carriers or the bank nor nor do they expect too. The organization elected to change its accounting policy on recording income receivable from participating members to report only subsequent collections. This change in policy decreased the net assets by 308.000.

Form 990, Part XI, Line 9

Theft of funds -31,120 change of accounting policy -308,000 total -339,120

Financial Statement Notes

Schedule D, Page 3, Part X

Effective october 24, 2012, the organization is exempt from income tax under internal revenue code section 501(c)5. The organization is required to operate in conformity with the irc to maintain its tax emempt qualification. Management is not aware of any course of action or series of events that have occured that might adversely affect organization's tax exempt status. Accounting principles generally accepted in the united states of america requires management to evaluate tax positions taken by the organization and recognize a tax liability or asset if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. Management has analyzed the tax positions take by the organization, and has concluded that at december 31, 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements.

Raw XML Appendix290 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY TR
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE OCTOBER 24, 2012, THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)5. THE ORGANIZATION IS REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN ITS TAX EMEMPT QUALIFICATION. MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURED THAT MIGHT ADVERSELY AFFECT ORGANIZATION'S TAX EXEMPT STATUS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKE BY THE ORGANIZATION, AND HAS CONCLUDED THAT AT DECEMBER 31, 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS ESTABLISHED TO ENGAGE IN ACTIVITIES TO INCREASE ECONOMIC EQUALITY IN THE NYC METROPOLITAN AREA. THE ORGANIZATION SEEKS THROUGH THESE ACTIVITIES TO PROTECT AND PROMOTE THE INTERESTS OF NEW YORK CITY'S WORKING CLASS WITH A FOCUS ON CONSTRUCTION AND BUILDING SERVICE JOBS THAT ARE CREATED THROUGH REAL ESTATE DEVELOPMENT PROJECTS IN NEW YORK CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUILD UP NYC LLC WAS ORGANIZED AS AN LIMITED LIABILITY COMPANY WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GARY LABARBERA 71 WEST 23RD STREET, STE 501 NEW YORK, NY 10010 MICHAEL FISHMAN 25 W 18TH STREET NEW YORK, NY 10011 TERRY MOORE 1322 THIRD AVENUE NEW YORK, NY 10021 ROBERT BONANZA 520 8TH AVENUE, STE 650 NEW YORK, NY 10018 JOSEPH AZZOPARDI 45 W 14TH STREET NEW YORK, NY 10011 STEVE MCINNIS 395 HUDSON STREET NEW YORK, NY 10014
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S POLICY REQUIRES THE DIRECTOR TO DISTRIBUTE THE FORM 990 TO THE APPROPRIATE BOARD MEMBERS FOR REVIEW BEFORE IT BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF THE GOVERNING DOCUMENTS OF OUR ORGANIZATION ARE SUBJECT TO THE FEDERAL PUBLIC DISCLOSURE RULES, THESE DOCUMENTS WILL BE MADE PUBLICLY AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE DOCUMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF MANAGMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POLITICAL CONSULTANT 72,000 0 0 RESEARCH CONSULTANT 203,586 0 0 OTHER CONSULTANT EXPENSES 3,269 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ON JULY 21, 2015 THE ORGANIZATION SUFFERED A FRAUDULENT LOSS OF 31,120 (CHECK 1387). AN UNKNOWN PARTY GAINED ACCESS TO THE ORGANIZATIONS IT SYSTEM AND STOLE INFORMATION RESULTING IN A THEFT OF 31,120. TO DATE THE ORGANIZATION HAS RECEIVED NO RETRIBUTION OR REIMBURSEMENT FROM EITHER THEIR INSURANCE CARRIERS OR THE BANK NOR NOR DO THEY EXPECT TOO. THE ORGANIZATION ELECTED TO CHANGE ITS ACCOUNTING POLICY ON RECORDING INCOME RECEIVABLE FROM PARTICIPATING MEMBERS TO REPORT ONLY SUBSEQUENT COLLECTIONS. THIS CHANGE IN POLICY DECREASED THE NET ASSETS BY 308.000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THEFT OF FUNDS -31,120 CHANGE OF ACCOUNTING POLICY -308,000 TOTAL -339,120
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01628115
IRS990/TotalAssetsEOYAmt0903212
IRS990/TotalAssetsGrp/BOYAmt01628115
IRS990/TotalAssetsGrp/EOYAmt0903212
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0632000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01037412
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt064079
IRS990/TotalLiabilitiesEOYAmt083708
IRS990/TotalLiabilitiesGrp/BOYAmt064079
IRS990/TotalLiabilitiesGrp/EOYAmt083708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01564036
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0819504
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0632000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01628115
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0903212
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01564036
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0819504
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt071 WEST 23RD STREET STE 501
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010010
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY LABARBERA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03472012049
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUILD UP NYC LLC
ReturnHeader/Filer/BusinessNameControlTxt0BUIL
ReturnHeader/Filer/EIN0461378741
ReturnHeader/Filer/PhoneNum03472012049
ReturnHeader/Filer/USAddress/AddressLine1Txt025 W 18TH STREET FIFTH FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0132858927
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FITZSIMMONS ABRAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt059 E 54TH ST RM 82
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100229207
ReturnHeader/PreparerPersonGrp/PhoneNum02127594949
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J FITZSIMMONS
ReturnHeader/ReturnTs02016-11-03T15:01:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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