Building On Love Inc
- Assets
- $367.8k
- Revenue
- $392.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cohoes, NY
- Founding
- 11/2009
- Data as of
- 05/2024
- 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 05/2024, Building On Love Inc employed 3 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 05/2024, Building On Love Inc generated $392.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $372.0k during the year ending 05/2024. While expenses have increased by 34.3% per year over the past 9 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
2024
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 | $112,472 |
Deanna Wicklund Advisory Board | Trustee | 0.25 | $0 |
Chris Maestro Advisory Board | Trustee | 0.25 | $0 |
Geoffrey Plante Director | Trustee | 0.25 | $0 |
Roger E Grout Director | Trustee | 0.25 | $0 |
Jason Hunt Director | Trustee | 0 | $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 | $85,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,599 |
| Total Program Service Revenue | $0 |
| Investment income | $3,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $303,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,815 |
| Grants and other assistance to domestic individuals. | $138,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,472 |
| Compensation of current officers, directors, key employees. | $22,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,690 |
| Pension plan accruals and contributions | $3,404 |
| Other employee benefits | $0 |
| Payroll taxes | $10,210 |
| 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 | $6,493 |
| Office expenses | $8,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281 |
| Insurance | $4,692 |
| All other expenses | $569 |
| Total functional expenses | $371,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,416 |
| Savings and temporary cash investments | $227,687 |
| 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 | $1,028 |
| Investments—publicly traded securities | $14,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,751 |
| 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 | $367,751 |
| 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 | $367,751 |
Grants Awarded
Over the last fiscal year, Building On Love Inc has awarded $39,815 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE-A-WISH NORTHEASTERN NY | | | $23,015 |
STRIDE CAP DIST SLED WARRIORS | | | $10,000 |
VAR RMHC LOCATIONS & VENDORS | | | $6,800 |