Civic Intelligence

Building Audacity Inc

990 • Fiscal year 2023 • EIN 83-4650961

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 11, 2024

Organization Profilewww.buildingaudacity.org
75 Allen AveLynn, MA 01902

(857) 264-1348

Siviq Scores

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

Liabilities / Assets

96th percentile

1.31x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$90,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

96th percentile

136%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.1%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$319,000

Up $183,837 (+136%) from 2022

Net Assets

Up

-$99,000

Up $64,298 (+39%) from 2022

Liabilities

Up

$418,000

Up $119,539 (+40%) from 2022

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin73rd percentile

Revenue

Down

$1,714,672

Down $170,791 (-9.1%) from 2022

Expenses

Down

$1,390,978

Down $773,979 (-36%) from 2022

Net Income

Up

$323,694

Up $603,188 (+216%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$600K$400K$200K$0-$200KAssets 2020: $240,224Liabilities 2020: $0Net Assets 2020: $240,2242020Assets 2021: $139,504Liabilities 2021: $23,308Net Assets 2021: $116,1962021Assets 2022: $135,163Liabilities 2022: $298,461Net Assets 2022: -$163,2982022Assets 2023: $319,000Liabilities 2023: $418,000Net Assets 2023: -$99,0002023Assets 2024: $254,500Liabilities 2024: $140,000Net Assets 2024: $114,5002024

Highlighted filing

2023

Assets$319,000
Liabilities$418,000
Net Assets-$99,000
Open 2023 Filing

Operations Trend

Revenue Growth26th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $661,575Expenses 2020: $421,400Net Income 2020: $240,1752020Revenue 2021: $1,616,711Expenses 2021: $1,740,739Net Income 2021: -$124,0282021Revenue 2022: $1,885,463Expenses 2022: $2,164,957Net Income 2022: -$279,4942022Revenue 2023: $1,714,672Expenses 2023: $1,390,978Net Income 2023: $323,6942023Revenue 2024: $526,467Expenses 2024: $519,000Net Income 2024: $7,4672024

Highlighted filing

2023

Revenue$1,714,672
Expenses$1,390,978
Net Income$323,694
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,714,672
Mission and Program Overview

Mission

To support youth led change-making and to provide resources to adults interested in creating inclusive, youth-focused learning spaces.

Founded in 2019, Building Audacity is a nonprofit organization that creates STEM-focused pathways and provides supporting resources within the agriculture field otherwise not available to Black and other youth of color. Through our Food Justice programming, Building Audacity works to increase food sovereignty. We do this by sharing local fresh food resources, providing nutrition courses on how to use food grown on New England Farms, and offering an AgTech pathway that includes a hydroponic center, makerspace, and paid to earn AgTech opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$308,000$275,000▼ $33,000
Land, Buildings, and Equipment, Net$38,000$38,000→ $0
Cash and Non-Interest-Bearing Accounts$100,000$6,000▼ $94,000
Savings and Temporary Cash Investments$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$75,000$-99,000▼ $174,000
Total Assets$446,000$319,000▼ $127,000
Liabilities
Deferred Revenue$346,000$313,000▼ $33,000
Unsecured Notes Loans Payable$0$80,000▲ $80,000
Other Liabilities$25,000$25,000→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Total Liabilities$371,000$418,000▲ $47,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$371,000$418,000▲ $47,000
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$75,000$-99,000▼ $174,000
Total Liabilities and Net Assets / Fund Balance$446,000$319,000▼ $127,000

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,000--
Leasehold Improvements$208,000--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nakia NavarroCEO/FounderFT$90,000$90,000

Board Members and Trustees

NameTitle
Angela TennisonBoard Member
Corey YarbroughBoard Member
Sheryl SellerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,709,672
Program Service Revenue
$5,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,200,972
Change in Net Assets
$323,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,091,478
Other Expenses$299,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$928,720--$928,720
Occupancy$168,000--$168,000
Payroll Taxes$152,758--$152,758
Fees for Services Accounting$60,000--$60,000
Office Expenses$40,000--$40,000
Other Employee Benefits$10,000--$10,000
Fees for Services Management$9,000--$9,000
Information Technology$9,000--$9,000
Insurance$6,000--$6,000
Travel$3,000--$3,000
Conferences and Meetings$2,500--$2,500
Advertising$2,000--$2,000
Total Functional Expenses$1,390,978$0$0$1,390,978
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
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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

Part VI, Line 19

“Policy's are listed on the website and can be received upon request.”

Filing and Contact Details

Filer

Filer Name
Building Audacity
EIN
83-4650961
Phone
8572641348
Address
75 ALLEN AVE, LYNN, MA 01902

Signing Officer

Name
Nakia Navarro
Title
CEO/Founder
Phone
8572641348
Signed
2024-03-11

Organization Details

Principal Officer
Nakia Navarro
Formed
2019
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
39
Volunteers
175
Supplemental Narrative

Additional Explanations

Part III, Line 2

“We took out a construction loan of $200,000 to build out a space. The negative balance on the previous year speak to this liability.”

Part III, Line 3

“We decided to close the Jean Charles Academy and Woven due to a lack of funding and adequate staffing.”

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IRS990/Desc0Taste Health provides a paid learning opportunity for young adults ages 16-24 to hydroponically grow and distribute produce as well as other locally sourced produce and products to the most vulnerable households in the Greater Boston area. Said households are led by seniors who are guardians of school aged children, families who have differently abled family members, and families who live in areas with poor accessibility to public transportation. Specifically, food grown is distributed via our Saturday market and a door to door volunteer based delivery system to families in Boston and Lynn, MA. Of our accomplishments, we have launched workforce development pathways in agricultural engineering. Specifically, our Greater Boston programming has resulted in 200 youth being trained in hydroponic engineering, 160,000 lbs of produce being distributed to 2,000 food insecure families, the creation of a STEM focused makerspace, and a 7,000 sq ft hydroponic farm. Within five years, Building Audacity has grown from a $24,000 budget to a $1mil organization and 175 volunteers. Our long term goal is to deepen our STEM focused work by opening a youth run cafe with a hydroponically grown plant based menu. The cafe will employ our youth ages 16-24 and sell hydroponically grown produce.
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IRS990/MissionDesc0Founded in 2019, Building Audacity is a nonprofit organization that creates STEM-focused pathways and provides supporting resources within the agriculture field otherwise not available to Black and other youth of color. Through our Food Justice programming, Building Audacity works to increase food sovereignty. Food sovereignty is a food system in which the people who produce, distribute, and consume food also control the mechanisms and policies of food production and distribution. We do this by sharing local fresh food resources, providing nutrition courses on how to use food grown on New England Farms, and offering an AgTech pathway that includes a hydroponic center, makerspace, and paid to earn AgTech opportunities.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Jean Charles Academy (JCA), an accessible, private school based in Lynn, operated for three school years following approval from the Lynn School Committee May 2021. Housed within Building Audacity, JCA was designed to meet the needs of students of color by building a racially equitable curriculum and school culture within an inclusive dual language educational program. The school began with 40 students in grades Pre K-7, and at its peak served 90 students in grades PreK-9th. The mission of Jean Charles Academy is to promote biliteracy, bilingualism, and biculturalism for students. The school will prioritize students of color by providing an interdisciplinary and dual language education that will prepare students for the 21st century through an emphasis on holistic learning and critical thinking skills in STEM fields.
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01625381
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01883788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01424386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04933555
IRS990ScheduleA/TotalSupportAmt04933555
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt030000
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt030000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0208000
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0208000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0238000
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0We took out a construction loan of $200,000 to build out a space. The negative balance on the previous year speak to this liability.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We decided to close the Jean Charles Academy and Woven due to a lack of funding and adequate staffing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Policy's are listed on the website and can be received upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0true
IRS990/StateRequiredReservesAmt00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TaxExemptInterestAmt00
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0446000
IRS990/TotalAssetsEOYAmt0319000
IRS990/TotalAssetsGrp/BOYAmt0446000
IRS990/TotalAssetsGrp/EOYAmt0319000
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01709672
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01390978
IRS990/TotalFunctionalExpensesGrp/TotalAmt01390978
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0371000
IRS990/TotalLiabilitiesEOYAmt0418000
IRS990/TotalLiabilitiesGrp/BOYAmt0371000
IRS990/TotalLiabilitiesGrp/EOYAmt0418000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt075000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-99000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt05000
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05000
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01602108
IRS990/TotalProgramServiceRevenueAmt05000
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01714672
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0175
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0446000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0319000
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt03000
IRS990/TravelGrp/TotalAmt03000
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt080000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075 Allen Ave
IRS990/USAddress/CityNm0Lynn
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001902
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.buildingaudacity.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Nakia Navarro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/Founder
ReturnHeader/BusinessOfficerGrp/PhoneNum08572641348
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUILDING AUDACITY
ReturnHeader/Filer/BusinessNameControlTxt0BUIL
ReturnHeader/Filer/EIN0834650961
ReturnHeader/Filer/PhoneNum08572641348
ReturnHeader/Filer/USAddress/AddressLine1Txt075 ALLEN AVE
ReturnHeader/Filer/USAddress/CityNm0LYNN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001902
ReturnHeader/ReturnTs02024-05-16T16:55:39Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$319,000
Liabilities
$418,000
Net assets
-$99,000
Revenue
$1,714,672
Expenses
$1,390,978
Net income
$323,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$0.14$0.11$0.53$0.52$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.42$0.10$1.71$1.39$0.32
2022Detailed filing. Detailed filing data is available for this year.$0.14$0.30$0.16$1.89$2.16$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$1.62$1.74$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.66$0.42$0.24