Civic Intelligence

Building Futures

990 • Fiscal year 2019 • EIN 81-3939129

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 11, 2019

Organization ProfileWWW.BFRI.ORG

View Organization Page

One Acorn StreetProvidence, RI 02903

(401) 919-5919

Siviq Scores

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

Liabilities / Assets

78th percentile

0.41x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

3.0%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

81st percentile

$140,239

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

7.4%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$507,902

Up $88,832 (+21%) from 2018

Net Assets

Up

$298,110

Up $60,440 (+25%) from 2018

Liabilities

Up

$209,792

Up $28,392 (+16%) from 2018

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin49th percentile

Revenue

Up

$2,040,824

Up $141,096 (+7.4%) from 2018

Expenses

Up

$1,980,384

Up $94,906 (+5.0%) from 2018

Net Income

Up

$60,440

Up $46,190 (+324%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $465,140Liabilities 2017: $241,720Net Assets 2017: $223,4202017Assets 2018: $419,070Liabilities 2018: $181,400Net Assets 2018: $237,6702018Assets 2019: $507,902Liabilities 2019: $209,792Net Assets 2019: $298,1102019Assets 2020: $728,418Liabilities 2020: $207,840Net Assets 2020: $520,5782020Assets 2021: $1,135,168Liabilities 2021: $539,371Net Assets 2021: $595,7972021Assets 2022: $1,468,906Liabilities 2022: $117,260Net Assets 2022: $1,351,6462022Assets 2023: $2,288,703Liabilities 2023: $284,159Net Assets 2023: $2,004,5442023Assets 2024: $3,315,326Liabilities 2024: $271,875Net Assets 2024: $3,043,4512024

Highlighted filing

2019

Assets$507,902
Liabilities$209,792
Net Assets$298,110
Open 2019 Filing

Operations Trend

Revenue Growth58th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2017: $1,084,848Expenses 2017: $862,231Net Income 2017: $222,6172017Revenue 2018: $1,899,728Expenses 2018: $1,885,478Net Income 2018: $14,2502018Revenue 2019: $2,040,824Expenses 2019: $1,980,384Net Income 2019: $60,4402019Revenue 2020: $2,543,356Expenses 2020: $2,320,888Net Income 2020: $222,4682020Revenue 2021: $2,652,461Expenses 2021: $2,577,242Net Income 2021: $75,2192021Revenue 2022: $3,108,008Expenses 2022: $2,352,159Net Income 2022: $755,8492022Revenue 2023: $3,532,757Expenses 2023: $2,879,859Net Income 2023: $652,8982023Revenue 2024: $5,223,022Expenses 2024: $4,184,115Net Income 2024: $1,038,9072024

Highlighted filing

2019

Revenue$2,040,824
Expenses$1,980,384
Net Income$60,440
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$2,040,824
Mission and Program Overview

Mission

The mission of building futures is to meet employer and industry needs for skilled workers through the registered apprenticeship system, while creating family-sustaining career opportunities for low-income diverse residents of rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$242,086$371,819▲ $129,733
Land, Buildings, and Equipment, Net$86,070$75,366▼ $10,704
Cash and Non-Interest-Bearing Accounts$63,645$36,827▼ $26,818
Prepaid Expenses and Deferred Charges$21,571$19,598▼ $1,973
Savings and Temporary Cash Investments$5,698$4,292▼ $1,406
Total Assets$419,070$507,902▲ $88,832
Liabilities
Accounts Payable and Accrued Expenses$173,651$204,391▲ $30,740
Other Liabilities$7,749$5,401▼ $2,348
Total Liabilities$181,400$209,792▲ $28,392
Net Assets / Fund Balance
Unrestricted Net Assets$149,789$191,175▲ $41,386
Temporarily Rstr Net Assets$87,881$106,935▲ $19,054
Total Net Assets Fund Balance$237,670$298,110▲ $60,440
Total Liabilities and Net Assets / Fund Balance$419,070$507,902▲ $88,832

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$61,287$17,977$79,264
Equipment$8,797$6,841$15,638
Other Land Buildings$5,282$8,221$13,503
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew CortesExecutive DirectorFT$108,923$31,316$140,239

Board Members and Trustees

NameTitle
Gregory a ManciniesqChairperson
Bruce IannuccilloDirector
Eileen HayesDirector
Michael F SabitoniDirector
Sandra M PowellDirector
Scott DuhamelSecretary
Kenneth L Richardson Jr CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,040,811
Program Service Revenue
$0
Investment Income
$13
Other Revenue
$0
All Other Contributions
$349,940
Change in Net Assets
$60,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,040,824
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,463
Total Revenue per Audited Statements
$2,046,287
Total Revenue per Form 990
$2,040,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,024,465
Other Expenses$955,919
Total Fundraising Expense$11,261
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$741,378$104,501$4,291$850,170
Fees for Services Other$220,906$57,917-$278,823
Other Employee Benefits$78,940$13,765$627$93,332
Occupancy$79,799$1,769$220$81,788
Payroll Taxes$59,410$8,603$370$68,383
All Other Expenses$33,165$18,176$909$52,250
Office Expenses$10,248$9,385$242$19,875
Insurance$15,108$4,707$15$19,830
Travel$7,581$5,622$4,474$17,677
Fees for Services Accounting-$16,250-$16,250
Depreciation Depletion$3,903$11,255$39$15,197
Other Expenses$13,849--$13,849
Pension Plan Contributions$10,732$1,774$74$12,580
Information Technology$3,723$1,838-$5,561
Conferences and Meetings$795--$795
Total Functional Expenses$1,713,561$255,562$11,261$1,980,384

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,985,847
Expenses per Audited Statements$1,980,384
Total Expenses per Form 990$1,980,384
Expenses Not Reported on Form 990$5,463
Expenses Not Reported on Financial Statements$0
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$5,401
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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, Part VI, Section B, Line 11B

“It is the policy of building futures that the board's responsibilities include review and approval of the annual audited financial statements and form 990.”

Form 990, Part VI, Section B, Line 12C

“On a regular basis, the finance/audit committee of the board shall ensure compliance with the policies described herein by reviewing actual practices and comparing them to those mandated by this manual. The committee shall meet with staff and review such documentation as is required to accomplish a meaningful review. Reviews should be scheduled to ensure that there is annual review of compliance with all significant financial and accounting policies.”

Form 990, Part VI, Section B, Line 15A

“By practice, executive director compensation is set by the board of directors. The organization uses form 990 of other organizations and compensation surveys to establish the compensation of the organization's executive director.”

Form 990, Part VI, Section C, Line 19

“Building futures makes the following forms readily available to all members of the general public: 1. The public information copies of the 3 most recent fiscal years of our form 990; and 2. Building futures original application for recognition of its tax-exempt status (form 1023) filed with the irs, and all accompanying schedules and attachments. Building futures posts on its website that these forms are available by request for visual inspection at the organization's offices during normal working hours, monday through friday.”

Filing and Contact Details

Filer

Filer Name
Building Futures
EIN
81-3939129
Phone
4019195919
Address
ONE ACORN STREET, PROVIDENCE, RI 02903

Signing Officer

Name
Kenneth L Richardson Jr CPA
Title
Treasurer
Phone
4012225917
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory a Mancini Esq
Formed
2016
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
25

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
PO BOX 156, PROVIDENCE, RI 02901-0156
Preparer
Brenda Russell
Phone
4016216200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“It consultants and trainers: program service expenses 220,906. Management and general expenses 57,917. Fundraising expenses 0. Total expenses 278,823.”

FORM 990, PART XII, LINE 2C:

“The finance/audit committee of the board of directors shall engage an independent auditor on an annual basis to conduct the audit of building futures' financial statements. The oversight process and selection process has not changed during the year.”

Financial Statement Notes

PART X, LINE 2:

“Uncertainty in income taxes the organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition of disclosure. The organization is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to the 2015 return year.”

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IRS990/ActivityOrMissionDesc0THE MISSION OF BUILDING FUTURES IS TO MEET EMPLOYER AND INDUSTRY NEEDS FOR SKILLED WORKERS THROUGH THE REGISTERED APPRENTICESHIP SYSTEM, WHILE CREATING FAMILY-SUSTAINING CAREER OPPORTUNITIES FOR LOW-INCOME DIVERSE RESIDENTS OF RHODE ISLAND.
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IRS990/Desc0CONSTRUCTION PRE-APPRENTICESHIP TRAINING - BUILDING FUTURES HAS DEVELOPED AND OPERATES A COMPREHENSIVE PRE-APPRENTICESHIP TRAINING PROGRAM TO HELP MEN AND WOMEN PREPARE FOR EMPLOYMENT IN ONE OF A DOZEN BUILDING TRADES APPRENTICESHIP PROGRAMS (E.G. ELECTRICIANS, CARPENTERS, PLUMBERS, IRON WORKERS, PAINTERS, AND LABORERS, AMONG OTHERS). BUILDING FUTURES' 200 HOUR HANDS-ON PRE-APPRENTICESHIP TRAINING FOCUSES ON BASIC COMPETENCIES NEEDED ACROSS ALL CONSTRUCTION TRADES. THE MAIN COMPONENTS OF THE PROGRAM ARE: RECRUITMENT, ORIENTATION, APPLICATION & ASSESSMENTS, CONSTRUCTION TRAINING, CONSTRUCTION MATH INSTRUCTION, PERSONAL FINANCIAL MANAGEMENT, CAREER GUIDANCE, PLACEMENT & SUPPORT SERVICES. THE ORGANIZATION ALSO OFFERS A SPECIAL TRACK IN HOME BUILDING THAT PROVIDES AN EXTENDED HANDS-ON TRAINING OPPORTUNITY BUILDING MODEL ENERGY-EFFICIENT AFFORDABLE LOW-INCOME HOMES IN PROVIDENCE NEIGHBORHOODS. AND FOR THOSE WHO HAVE COMPLETED THE 200-HOUR PROGRAM AND DEMONSTRATED AN APTITUDE, THE ORGANIZATION OFFERS A 3-WEEK ELECTIVE IN INDUSTRIAL WELDING; THIS IS A CERTIFICATION COURSE TAUGHT BY A CERTIFIED WELDING INSTRUCTOR. TOGETHER THESE TRAININGS ARE DESIGNED TO FURTHER PREPARE GRADUATES FOR ENTRY AND SUCCESS IN REGISTERED APPRENTICESHIPS IN CONSTRUCTION.ALL SERVICES ARE AT NO COST TO TRAINEES. THE ORGANIZATION NOW RUNS THREE TRAINING CYCLES PER YEAR WITH AN ANNUAL TARGET OF 42 INDIVIDUALS RECEIVING SEVERAL INDUSTRY-RECOGNIZED CERTIFICATIONS, CONSTRUCTION MATH INSTRUCTION AND TUTORING, CAREER COUNSELING AND TRANSITION-TO-EMPLOYMENT SERVICES. ALL GRADUATES ARE GUIDED IN CHOOSING THE BUILDING TRADE OCCUPATION THAT BEST FITS THEIR INTERESTS AND ABILITIES, AND ARE ASSISTED IN PREPARING FOR APPRENTICESHIP PROGRAM ENTRANCE EXAMS AND INTERVIEWS, WITH FOLLOW-UP SUPPORT SERVICES AND GUIDANCE PROVIDED THROUGH THEIR FIRST YEAR OF APPRENTICESHIP AND BEYOND. TO DATE 290 PROGRAM GRADUATES HAVE BEEN PLACED IN RI REGISTERED APPRENTICESHIPS IN 12 CONSTRUCTION TRADES, WITH 101 OF THESE GRADUATES HAVING ACHIEVED JOURNEY-LEVEL STATUS IN THEIR RESPECTIVE TRADES.THE BUILDING FUTURES PRE-APPRENTICESHIP PROGRAM HAS BEEN REFINED AND EXPANDED OVER THE LAST ELEVEN YEARS IN COLLABORATION WITH EMPLOYER AND TRADE APPRENTICESHIP PROGRAM PARTNERS, AND HAS BEEN NATIONALLY RECOGNIZED FOR BEST PRACTICES BY MANY, INCLUDING THE UNITED STATES DEPARTMENT OF LABOR. IN ONGOING EFFORTS TO INCREASE THE DIVERSITY AND NUMBER OF QUALIFIED CANDIDATES FOR CONSTRUCTION APPRENTICESHIP PROGRAMS, THE ORGANIZATION HAS INCREASED ITS FOCUS ON RECRUITMENT, TRAINING, PLACEMENT AND RETENTION OF WOMEN IN THE TRADES, BOTH BY ESTABLISHING AN ALUMNI LEADERSHIP WORKING GROUP TO ASSIST WITH OUTREACH AND RECRUITMENT, AND VIA A MENTORSHIP PROGRAM FOR WOMEN TRAINEES AND GRADUATES. TEN PERCENT OF THE ORGANIZATION'S GRADUATES ARE WOMEN, COMPARED TO THE NATIONAL AVERAGE OF THREE PERCENT. BUILDING FUTURES IS ALSO DEVELOPING AN AWARENESS CAMPAIGN REGARDING CAREERS IN THE CONSTRUCTION TRADES THAT IS TARGETED TO STUDENTS, PARENTS, SCHOOL EDUCATORS, COUNSELORS, AND ADMINISTRATORS. THE GOAL IS TO STRENGTHENED PARTNERSHIPS WITH LOCAL SCHOOLS TO ENSURE THAT THEIR CURRICULA INTEGRATE AND ARTICULATE CAREER AND TECHNICAL EDUCATION (CTE) PATHWAYS TO REGISTERED APPRENTICESHIP. BUILDING FUTURES IS ALSO SEEKING TO PILOT A '13TH' YEAR PROGRAM, BRIDGE TO THE FUTURE, THAT IS DESIGNED TO MEET THE NEEDS OF UNDERSERVED YOUNG ADULTS, AGES 18-24, THAT HAVE A HIGH INTEREST AND STRONG POTENTIAL FOR THE TRADES, YET LACK THE BASIC, HANDS-ON AND ESSENTIAL EMPLOYABILITY SKILLS THAT WILL ENSURE THEIR SUCCESS AS APPRENTICES. AS A FURTHER ENHANCEMENT IN ITS CONSTRUCTION-RELATED PROGRAMMING, BUILDING FUTURES IS CREATING AND IMPLEMENTING A TARGETED INTERVENTION IN RESPONSE TO THE DISPROPORTIONATE IMPACT OF OPIOIDS ON THE CONSTRUCTION INDUSTRY. DESIGNED IN ALIGNMENT WITH THE GOVERNOR'S OVERDOSE PREVENTION ACTION PLAN, "OPIOIDS & CONSTRUCTION: WHY IT MATTERS AND WHAT YOU CAN DO" IS NOW OFFERED AS PART OF BUILDING FUTURES' PRE-APPRENTICESHIP PROGR
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IRS990/InsuranceGrp/TotalAmt019830
IRS990/InvestmentIncomeGrp/ExclusionAmt013
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt059
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033039
IRS990/LandBldgEquipBasisNetGrp/BOYAmt086070
IRS990/LandBldgEquipBasisNetGrp/EOYAmt075366
IRS990/LandBldgEquipCostOrOtherBssAmt0108405
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF BUILDING FUTURES IS TO MEET EMPLOYER AND INDUSTRY NEEDS FOR SKILLED WORKERS THROUGH THE REGISTERED APPRENTICESHIP SYSTEM, WHILE CREATING FAMILY-SUSTAINING CAREER OPPORTUNITIES FOR LOW-INCOME DIVERSE RESIDENTS OF RHODE ISLAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0237670
IRS990/NetAssetsOrFundBalancesEOYAmt0298110
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0220
IRS990/OccupancyGrp/ManagementAndGeneralAmt01769
IRS990/OccupancyGrp/ProgramServicesAmt079799
IRS990/OccupancyGrp/TotalAmt081788
IRS990/OfficeExpensesGrp/FundraisingAmt0242
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09385
IRS990/OfficeExpensesGrp/ProgramServicesAmt010248
IRS990/OfficeExpensesGrp/TotalAmt019875
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0627
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013765
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078940
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093332
IRS990/OtherExpensesGrp/Desc0SUBRECIPIENT CONTRACTOR
IRS990/OtherExpensesGrp/Desc1STIPENDS
IRS990/OtherExpensesGrp/Desc2PRE-APPRENTICESHIP TRAI
IRS990/OtherExpensesGrp/Desc3STUDENT TOOLS, COTHING,
IRS990/OtherExpensesGrp/ProgramServicesAmt0293982
IRS990/OtherExpensesGrp/ProgramServicesAmt1105390
IRS990/OtherExpensesGrp/ProgramServicesAmt234652
IRS990/OtherExpensesGrp/ProgramServicesAmt313849
IRS990/OtherExpensesGrp/TotalAmt0293982
IRS990/OtherExpensesGrp/TotalAmt1105390
IRS990/OtherExpensesGrp/TotalAmt234652
IRS990/OtherExpensesGrp/TotalAmt313849
IRS990/OtherLiabilitiesGrp/BOYAmt07749
IRS990/OtherLiabilitiesGrp/EOYAmt05401
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04291
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0741378
IRS990/OtherSalariesAndWagesGrp/TotalAmt0850170
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0370
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08603
IRS990/PayrollTaxesGrp/ProgramServicesAmt059410
IRS990/PayrollTaxesGrp/TotalAmt068383
IRS990/PensionPlanContributionsGrp/FundraisingAmt074
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01774
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010732
IRS990/PensionPlanContributionsGrp/TotalAmt012580
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0242086
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0371819
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021571
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019598
IRS990/PrincipalOfficerNm0GREGORY A MANCINI ESQ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0APPRENTICESHIP RHODE ISLAND - BUILDING FUTURES' INITIATIVE IN PARTNERSHIP WITH THE RI DEPARTMENT OF LABOR AND TRAINING, AND FUNDED BY THE US DEPARTMENT OF LABOR, IS AN EFFORT TO EXPAND THE USE OF REGISTERED APPRENTICESHIP IN OTHER HIGH GROWTH NON-CONSTRUCTION INDUSTRIES AND OCCUPATIONS. BUILDING FUTURES SERVES AS THE STATE'S APPRENTICESHIP INTERMEDIARY, PROVIDING TECHNICAL ASSISTANCE AND RESOURCES TO EMPLOYERS TO BOTH DESIGN, LAUNCH AND OPERATE REGISTERED APPRENTICESHIP PROGRAMS IN OCCUPATIONS ACROSS MULTIPLE SECTORS INCLUDING INFORMATION TECHNOLOGY, ADVANCED MANUFACTURING, HEALTH CARE, MARINE TRADES, LANDSCAPE HORTICULTURE, AND OTHERS. TO DATE, 50 APPRENTICESHIP PROGRAMS HAVE BEEN REGISTERED WITH THE STATE, EMPLOYING 860 APPRENTICES, AND INVOLVING 65 EMPLOYER SPONSORS AND ASSOCIATIONS.THESE ACTIVITIES REFLECT A NATURAL EXPANSION OF BUILDING FUTURES' WORK TO BETTER ACHIEVE ITS MISSION WHILE REPLICATING ITS EFFECTIVE WORK IN THE CONSTRUCTION INDUSTRY. ADDITIONAL ACTIVITIES INCLUDE ASSISTING COMMUNITY-BASED ORGANIZATIONS TO DESIGN, LAUNCH AND OPERATE NEW PRE-APPRENTICESHIP PROGRAMS SIMILAR TO THE BUILDING FUTURES MODEL OF PRE-APPRENTICESHIP FOR CONSTRUCTION. BY DOING SO, BUILDING FUTURES HELPS PREPARE LOW-INCOME INDIVIDUALS FOR PLACEMENT IN THESE NON-TRADITIONAL REGISTERED APPRENTICESHIPS SPONSORED BY ARI AND ITS EMPLOYER PARTNERS. FINALLY, THE APPRENTICESHIP RHODE ISLAND INITIATIVE HAS SIGNIFICANT INTERMEDIARY ROLES RELATED TO EXPANDING AND IMPROVING THE CAPACITY OF THE STATE'S APPRENTICESHIP AGENCY. WITH A FOCUS ON SERVING UNDERREPRESENTED POPULATIONS, BUILDING FUTURES SEEKS TO ALIGN MULTIPLE SYSTEMS TO EFFECTIVELY CONNECT PEOPLE TO REGISTERED APPRENTICESHIP. INTEGRATION EFFORTS IMPACT AND INCLUDE K-12 AND POST-SECONDARY EDUCATION, THE PUBLIC WORKFORCE SYSTEM AND IMPORTANTLY, COMMUNITY BASED ORGANIZATIONS TO ALIGN SERVICES AND ESTABLISH NEW QUALITY PRE-APPRENTICESHIP PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0739263
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01896370
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06
IRS990/PYOtherExpensesAmt0913971
IRS990/PYOtherRevenueAmt03352
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt014250
IRS990/PYSalariesCompEmpBnftPaidAmt0971507
IRS990/PYTotalExpensesAmt01885478
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01899728
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt060440
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05698
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04292
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PUBLIC SUPPORT 5-YEAR COMPUTATION PERIOD INCLUDES A SHORT YEAR, TAX YEAR 2016, THE INITIAL RETURN.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02040811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01896370
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01056912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04994093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03352
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt027933
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04994093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02040811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01896370
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01056912
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04994093
IRS990ScheduleA/TotalSupportAmt05025400
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ALTHOUGH THE ORGANIZATION HAS MADE A 501(H) ELECTION, THERE WERE NO LOBBYING ACTIVITIES TO REPORT FOR FISCAL YEAR END 6/30/19.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-A
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt05463
IRS990ScheduleD/DonatedServicesUseFcltsAmt05463
IRS990ScheduleD/EquipmentGrp/BookValueAmt08797
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06841
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015638
IRS990ScheduleD/ExpensesNotReportedAmt05463
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01980384
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt061287
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017977
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt079264
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05282
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08221
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05401
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/RevenueNotReportedAmt05463
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02040824
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAINTY IN INCOME TAXES THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OF DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE 2015 RETURN YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt075366
IRS990ScheduleD/TotalExpensesPerForm990Amt01980384
IRS990ScheduleD/TotalLiabilityAmt05401
IRS990ScheduleD/TotalRevenuePerForm990Amt02040824
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02046287
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01985847
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IT IS THE POLICY OF BUILDING FUTURES THAT THE BOARD'S RESPONSIBILITIES INCLUDE REVIEW AND APPROVAL OF THE ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON A REGULAR BASIS, THE FINANCE/AUDIT COMMITTEE OF THE BOARD SHALL ENSURE COMPLIANCE WITH THE POLICIES DESCRIBED HEREIN BY REVIEWING ACTUAL PRACTICES AND COMPARING THEM TO THOSE MANDATED BY THIS MANUAL. THE COMMITTEE SHALL MEET WITH STAFF AND REVIEW SUCH DOCUMENTATION AS IS REQUIRED TO ACCOMPLISH A MEANINGFUL REVIEW. REVIEWS SHOULD BE SCHEDULED TO ENSURE THAT THERE IS ANNUAL REVIEW OF COMPLIANCE WITH ALL SIGNIFICANT FINANCIAL AND ACCOUNTING POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY PRACTICE, EXECUTIVE DIRECTOR COMPENSATION IS SET BY THE BOARD OF DIRECTORS. THE ORGANIZATION USES FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BUILDING FUTURES MAKES THE FOLLOWING FORMS READILY AVAILABLE TO ALL MEMBERS OF THE GENERAL PUBLIC: 1. THE PUBLIC INFORMATION COPIES OF THE 3 MOST RECENT FISCAL YEARS OF OUR FORM 990; AND 2. BUILDING FUTURES ORIGINAL APPLICATION FOR RECOGNITION OF ITS TAX-EXEMPT STATUS (FORM 1023) FILED WITH THE IRS, AND ALL ACCOMPANYING SCHEDULES AND ATTACHMENTS. BUILDING FUTURES POSTS ON ITS WEBSITE THAT THESE FORMS ARE AVAILABLE BY REQUEST FOR VISUAL INSPECTION AT THE ORGANIZATION'S OFFICES DURING NORMAL WORKING HOURS, MONDAY THROUGH FRIDAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT CONSULTANTS AND TRAINERS: PROGRAM SERVICE EXPENSES 220,906. MANAGEMENT AND GENERAL EXPENSES 57,917. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278,823.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS SHALL ENGAGE AN INDEPENDENT AUDITOR ON AN ANNUAL BASIS TO CONDUCT THE AUDIT OF BUILDING FUTURES' FINANCIAL STATEMENTS. THE OVERSIGHT PROCESS AND SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt087881
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0106935
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0419070
IRS990/TotalAssetsEOYAmt0507902
IRS990/TotalAssetsGrp/BOYAmt0419070
IRS990/TotalAssetsGrp/EOYAmt0507902
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02040811
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011261
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0255562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01713561
IRS990/TotalFunctionalExpensesGrp/TotalAmt01980384
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181400
IRS990/TotalLiabilitiesEOYAmt0209792
IRS990/TotalLiabilitiesGrp/BOYAmt0181400
IRS990/TotalLiabilitiesGrp/EOYAmt0209792
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0237670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0298110
IRS990/TotalOtherCompensationAmt031316
IRS990/TotalProgramServiceExpensesAmt01713561
IRS990/TotalReportableCompFromOrgAmt0108923
IRS990/TotalRevenueGrp/ExclusionAmt013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02040824
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0419070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0507902
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt04474
IRS990/TravelGrp/ManagementAndGeneralAmt05622
IRS990/TravelGrp/ProgramServicesAmt07581
IRS990/TravelGrp/TotalAmt017677
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0149789
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0191175
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE ACORN STREET
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$507,902
Liabilities
$209,792
Net assets
$298,110
Revenue
$2,040,824
Expenses
$1,980,384
Net income
$60,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.27$3.04$5.22$4.18$1.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.28$2.00$3.53$2.88$0.65
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.12$1.35$3.11$2.35$0.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.54$0.60$2.65$2.58$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.21$0.52$2.54$2.32$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.21$0.30$2.04$1.98$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.18$0.24$1.90$1.89$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.24$0.22$1.08$0.86$0.22