Building New Foundations Inc
- Assets
- $433.1k
- Revenue
- $287.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4244261
Organization Overview
Building New Foundations Inc is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building New Foundations 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 12/2021, Building New Foundations Inc generated $287.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $498.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Building New Foundations Inc has awarded 44 individual grants totaling $1,712,851. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED TIME AND MONEY TO VARIOUS NON-PROFITS RESIDENTIAL TREATMENT CENTER MEMBERS VOLUNTEERED THEIR TIME AND EXPERTISE TO THE RENOVATION AND CONT
IMPROVEMENT OF THE FACILITIES USED TO HOUSE AT RISK CHILDREN AGED 8-17
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hayden Austin Chairman President | 0 | $0 | |
Greg Mesler Treasurer | 0 | $0 | |
John Glaze Vice President | 0 | $0 | |
Michael Broussard Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $280,666 |
| Total Revenue | $287,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142,009 |
| Total operating and administrative expenses | $144,193 |
| Contributions, gifts, grants paid | $354,426 |
| Total expenses and disbursements | $498,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $433,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Building New Foundations Inc has awarded $354,426 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: SPORTS EDUCATION AND MENTORING PROGRAMS | $164,500 |
HEARTS WITH HOPE PURPOSE: TRANSITION HOUSE FOR ABUSED GIRLS | $110,676 |
SEARCH PURPOSE: PROVIDE SERVICE TO THE HOMELESS OF HOUSTON | $38,834 |
Houston, TX PURPOSE: NON-PROFIT NON-DENOMINATIONAL PRIVATE SCHOOL | $25,423 |
Spring, TX PURPOSE: INTERNSHIP PROGRAM FOR FORMER FOSTER YOUTH | $8,743 |
HOUSTON ANGELS PURPOSE: MENTORS IN THE FOSTER COMMUNITY | $6,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Building New Foundations Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Midway Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $1,000 |
Congdon Family Foundation Spring, TX PURPOSE: UNRESTRICTED | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of The South Plains Lubbock, TX | $5,510,037 | $11,639,897 |
Y-Gno Finance Foundation Inc Metairie, LA | $0 | $204,000 |
Kick Drugs Out Of America Foundation Houston, TX | $3,251,630 | $6,283,893 |
Camp For All Foundation Houston, TX | $19,527,838 | $4,309,337 |
Positive Tomorrows Inc Oklahoma City, OK | $15,149,548 | $3,924,805 |
The Forest Stewards Guild Santa Fe, NM | $1,227,852 | $2,587,395 |
Saloc San Antonio, TX | $1,644,193 | $2,786,053 |
15 And The Mahomies Foundation Austin, TX | $499,179 | $1,827,786 |
Oklahoma Youth Literacy Program Oklahoma, OK | $211,616 | $1,322,175 |
Out Youth Austin Austin, TX | $1,034,077 | $1,624,599 |
Camp Loughridge An Oklahoma Not For Profit Corporation Tulsa, OK | $5,546,254 | $1,150,461 |
Foles Believe Foundation Inc Austin, TX | $7,202 | $615,088 |