Building Futures

“The organization has its form 990 prepared by an outside accounting firm and is then reviewed by the board treasurer and the finance committee prior to distribution to all board members for their review. Once the form 990 is approved by the board, the return is then filed with the irs.”

“The organization has a written conflict of interest policy which covers officers, directors, and employees who are required to annually sign a statement and disclose interests that could give rise to conflicts. These persons must also disclose any potential direct or indirect financial interest that may affect his or her conduct as they arise. Conflicts are determined by the governing board, and the interested person must recuse himself or herself from any debate, decision, or other action regarding the matter. Minutes from the board meetings will contain a) the names of the persons who disclosed or were otherwise found to have an actual or possible conflict of interest, the nature of the conflict, any action taken to confirm the existence of the conflict, and the governing board's decision regarding the existence of the conflict, and b) the names of the participants in the discussions and votes re: the transaction or arrangement that is the subject of the conflict investigation, any discussion and decisions as to alternatives to said transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

“The compensation of the president & ceo is determined by the board of directors. They utilize market comparability data within rhode island and the new england region, as well as individual job performance in making their determination. The compensation is approved by the board and their decision is documented in the organization's personnel files. The process was last undertaken in 2024. Form 990, part vi, section b, line 15b: the compensation of the director of finance & director of operations is determined by the president & ceo who uses comparability data of similar nonprofits in rhode island and the new england regions. The compensation determination is documented in the organization's personnel files.”

“The organization makes its financial statements, conflict of interest policy and governing documents available upon written request to the organization.”

“Building futures coordinates interventions in response to the disproportionate impact of opioids and suicide on construction workers. Designed in alignment with the governor's overdose prevention action plan, "ri opioids crisis: our response. Our recovery" is integrated with building futures' pre-apprenticeship program, and presented to the membership of local trade unions. With funds from eohhs, building futures develops recovery resources available to tradespeople and those entering the trades, including by training workers to serve as recovery peers and recovery allies, both of which offer support to tradespeople with substance use disorders. Another key component of building futures' work is increasing apprentice utilization on large construction projects through collaboration with project owners. The apprentice utilization program (aup) provides a method to ensure that registered apprenticeship training occurs on active rhode island construction projects at an appropriate level to meet the future demand for various trades occupations, based upon labor market projections. Through aup, building futures increases the number of construction companies that contribute to workforce development by employing apprentices and participating in the registered apprenticeship system. Aup activities take place across the state to increase the number of active registered apprentices being trained in construction occupations on current and future projects. To date, 164 projects have had some form of apprentice utilization program in place.”

“Professional fees & consultants: program service expenses 108,024. Management and general expenses 66,859. Fundraising expenses 0. Total expenses 174,883. Payroll processing fees: program service expenses 0. Management and general expenses 20,087. Fundraising expenses 0. Total expenses 20,087. Alarm service: program service expenses 398. Management and general expenses 79. Fundraising expenses 0. Total expenses 477. Third party trainers: program service expenses 689,533. Management and general expenses 0. Fundraising expenses 0. Total expenses 689,533. Offshore wind training: program service expenses 179,892. Management and general expenses 0. Fundraising expenses 0. Total expenses 179,892. Workforce assessments: program service expenses 100,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,000.”

“The organization has a committee of the board of directors that is responsible for the oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.”