Building For Tomorrow is located in Akron, OH. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building For Tomorrow 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 12/2021, Building For Tomorrow generated $821.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $771.4k during the year ending 12/2021. While expenses have increased by 9.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING FOR TOMORROW (BFT) SUPPORTS SERVICES TO RESIDENTS OF AKRON METROPOLITAN HOUSING AUTHORITY AND OTHER LOW-INCOME RESIDENTS IN THE COMMUNITY THAT PROMOTE STABILITY, EDUCATION AND ECONOMIC INDEPENDENCE AS A MEANS OF STRENGTHENING THE GREATER COMMUNITY - THIS MISSION ALIGNS WITH THE GOALS AND MISSION OF AMHA. BFT PROVIDES RESIDENTS OF AMHA WITH TOOLS TO REACH THEIR POTENTIAL AND MOVE BEYOND ASSISTED LIVING. WE FOCUS ON EDUCATIONAL SUCCESS, ECONOMIC SELF-SUFFICIENCY AND INDEPENDENT LIVING. BFT STRIVES TO CREATE A SUPPORTIVE SENSE OF COMMUNITY WHERE RESIDENTS, NO MATTER THEIR STAGE IN LIFE, ARE GIVEN THE POWER TO REALIZE AND OBTAIN A BRIGHTER FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH OPPORTUNITY CENTER: THE REACH OPPORTUNITY CENTER IS AN EDUCATIONAL FACILITY FOR ALL RESIDENTS OF THE SUMMIT LAKE NEIGHBORHOOD. THE CENTER HELPS FAMILIES TO RISE ABOVE POVERTY BY PROVIDING A COMPREHENSIVE SYSTEM OF EDUCATION, TRAINING, SUPPORT AND RESOURCES THAT ARE KEYS TO IMPROVING PERSONAL OPPORTUNITIES AND ACHIEVING SELF-SUFFICIENCY. PROGRAMS AND SERVICES ARE DESIGNED TO STRENGTHEN THE WHOLE FAMILY AND SUPPORT SUMMIT EDUCATION INITIATIVE'S CRADLE TO CAREER ALLIANCE BY: -PREPARING CHILDREN FOR KINDERGARTEN -ENSURING CHILDREN ARE READING AT PROFICIENCY BY 3RD GRADE -DELIVERING ADULT LEARNING AND JOB READINESS SERVICES
EARLY CHILDHOOD INITIATIVE: EARLY CHILDHOOD INITIATIVE (ECI) OPERATES UNDER THE PREMISE THAT INVESTMENTS IN EARLY CARE AND EDUCATION DELIVER ECONOMIC RETURNS AND PROVIDE A FOUNDATION FOR SUCCESS LATER IN LIFE. ECI'S UNIQUE DESIGN MAXIMIZES SCARCE RESOURCES TO PROVIDE PROGRAMS THAT ADDRESS CHILDREN'S DEVELOPMENTAL NEEDS AND SUPPORT FAMILIES. THROUGH HOME VISITATION, FAMILY OUTREACH EVENTS, AND MATERNAL DEPRESSION SERVICES, AMHA HAS FOUND AN EFFECTIVE AND EFFICIENT WAY TO PROVIDE HIGH QUALITY CARE AND EDUCATION TO A VERY HARD-TO-REACH POPULATION. ECI STRIVES TO EMPOWER PARENTS/CAREGIVERS TO BE THEIR CHILD'S FIRST AND MOST IMPORTANT TEACHER BY BUILDING TRUSTING RELATIONSHIPS. ECI'S TRAINED PROFESSIONALS WORK DIRECTLY WITH VULNERABLE FAMILIES AND ALSO CONNECT CHILDREN AND ADULTS TO COMMUNITY RESOURCES IN ORDER TO PROVIDE A CONTINUUM OF CARE.
SPARK (SUPPORTING PARTNERSHIPS TO ASSURE READY KIDS), A COMPONENT OF THE EARLY CHILDHOOD INITIATIVE, IS A FAMILY-FOCUSED KINDERGARTEN-READINESS HOME VISITATION PROGRAM DESIGNED TO PREPARE CHILDREN AGES 3 AND 4 FOR KINDERGARTEN BY HELPING FAMILIES HELP THEIR CHILDREN SUCCEED IN SCHOOL. SPARK ENGAGES PARTICIPATING FAMILIES IN STRUCTURED LESSONS AND ACTIVITIES ALIGNED WITH OHIO'S EARLY LEARNING AND DEVELOPMENT STANDARDS, ADMINISTERS DEVELOPMENTAL ASSESSMENTS AND SCREENINGS, AND INITIATIVES REFERRALS TO NEEDED COMMUNITY RESOURCES.
COMMUNITY SUPPORT PROGRAM: THROUGH COMMUNITY SUPPORT PROGRAM, THE ORGANIZATION'S MAIN FOCUS IS ON OFFERING YOUTH SUMMER CAMP OPPORTUNITIES WITH OUR COMMUNITY PARTNERS. COVID-19 ACTION FUND: THE ACTION FUND WAS CREATED TO ADDRESS THE PANDEMIC AND ITS AFFECT ON OUR COMMUNITIES' VULNERABLE POPULATIONS. CONTRIBUTIONS TO THE COVID-19 ACTION FUND WENT DIRECTLY TOWARDS ADDRESSING HARDSHIPS CAUSED BY COVID-19. ALTHOUGH THE SITUATION IS CHANGING DAILY, OUR GREATEST NEEDS WERE FOR RENTAL ASSISTANCE, UTILITY ASSISTANCE, AND CONNECTIVITY ASSISTANCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deborah Barry President | OfficerTrustee | 1 | $0 |
Joan Davidson Treasurer | OfficerTrustee | 1 | $0 |
Thomas Harnden Board Of Dir | OfficerTrustee | 0 | $0 |
Christina Hodgkinson Vp/secretary | OfficerTrustee | 1 | $0 |
Ej Brinson Board Of Dir | Trustee | 0 | $0 |
Aja Mixon Board Of Dir | Trustee | 0 | $0 |
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 | $808,657 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $808,657 |
Total Program Service Revenue | $0 |
Investment income | $12,854 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $821,511 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $657,696 |
Advertising and promotion | $376 |
Office expenses | $1,495 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $8,377 |
Travel | $10,216 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,564 |
All other expenses | $0 |
Total functional expenses | $771,435 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $686,421 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $686,421 |
Accounts payable and accrued expenses | $206,712 |
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 | $206,712 |
Net assets without donor restrictions | $113,136 |
Net assets with donor restrictions | $366,573 |
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 | $686,421 |
Over the last fiscal year, we have identified 6 grants that Building For Tomorrow has recieved totaling $277,206.
Awarding Organization | Amount |
---|---|
United Way Of Summit And Medina Akron, OH PURPOSE: DONOR DESIGNATIONS AND GRANT ALLOCATIONS | $131,856 |
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE REACH OPPORTUNITY CENTER AT SUMMIT LAKE FOR THE EDUCATIONAL FACILITY AND ITS NEEDS OF CHILDREN AND ADULTS IN AKRON'S SUMMIT LAKE NEIGHBORHOOD | $111,768 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: EARLY CHILDHOOD INITIATIVE | $15,000 |
Lois Sisler Mcfawn Foundation Brooklyn, OH PURPOSE: GENERAL | $13,500 |
Lehner Family Foundation Akron, OH PURPOSE: REACH OPPORTUNITY CENTER | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Organization Name | Assets | Revenue |
---|---|---|
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Talbert House Cincinnati, OH | $31,118,204 | $71,372,789 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Northeast Michigan Community Service Agency Inc Alpena, MI | $18,757,719 | $61,175,867 |
Graceworks Lutheran Services Dayton, OH | $148,547,516 | $59,310,713 |
Stepforward Cleveland, OH | $18,985,030 | $54,230,994 |
Cincinnati-Hamilton County Community Action Agency Cincinnati, OH | $18,344,887 | $51,573,356 |
Catholic Charities Corporation Cleveland, OH | $62,419,322 | $52,175,078 |
Great Lakes Community Action Partnership Fremont, OH | $28,522,004 | $53,103,851 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Elrc4kids Inc Greensburg, PA | $6,335,708 | $42,009,228 |