Building On Love Inc
- Assets
- $369.8k
- Revenue
- $328.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Cohoes, NY
- Founding
- 11/2009
- Data as of
- 05/2022
- EIN
- 27-0524296
Organization Overview
Building On Love Inc is located in Cohoes, NY. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 05/2022, Building On Love Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building On Love Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Building On Love Inc generated $328.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $246.6k during the year ending 05/2022. While expenses have increased by 37.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE FINANCIAL SUPPORT TO FAMILIES SUPPORTING A LOVED-ONE FACING A RECENT LIFE-ALTERING MEDICAL DIAGNOSIS. WE ALSO WORK WITH PARTNERING RONALD MC DONALD HOUSE CHARITIES CHAPTERS TO PROVIDE SUPPORT TO THE FAMILIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS FOR ESSENTIAL LIVING EXPENSES TO FAMILIES IN OUR COMMUNITY WHO ARE FACING A LIFE-THREATENING MEDICAL CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Yule Executive Dir. | Trustee | 50 | $85,020 |
Gerard E Abdelnour President | Officer | 4 | $0 |
Jeffrey Abdelnour Vice President | Officer | 0.25 | $0 |
William Callahan Treasurer | Officer | 0.25 | $0 |
Elizabeth Callahan Secretary | Officer | 0.25 | $0 |
Chris Wilk Advisory Board | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,534 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $194,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $114,007 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,020 |
| Compensation of current officers, directors, key employees. | $17,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,520 |
| Pension plan accruals and contributions | $2,551 |
| Other employee benefits | $0 |
| Payroll taxes | $7,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,640 |
| Office expenses | $2,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,269 |
| All other expenses | $125 |
| Total functional expenses | $246,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,930 |
| Savings and temporary cash investments | $253,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,822 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $369,822 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $369,822 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Building On Love Inc has recieved totaling $13,803.
| Awarding Organization | Amount |
|---|---|
United Way Of Bergen County Paramus, NJ PURPOSE: DONOR DESIGNATION | $6,030 |
Cohoes Savings Foundation Inc Ballston Spa, NY PURPOSE: ASSIST CHILDREN WITH LIFE-ALTERING MEDICAL CONDITIONS. | $5,000 |
Sunmark Charitable Community Foundation Latham, NY PURPOSE: TO FUND ORGANIZATION'S ACTIVITIES | $1,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $1,000 |
Organization Name not Listed PURPOSE: DONATION FOR ANNUAL GOLD TOURNAMENT 2021 | | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |