Building Futures Now
- Assets
- $1.2m
- Revenue
- $272.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Menlo Park, CA
- Founding
- Data as of
- 05/2017
- EIN
- 77-0348803
Organization Overview
Building Futures Now is located in Menlo Park, CA. As of 05/2017, Building Futures Now employed 3 individuals. Building Futures Now 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 05/2017, Building Futures Now generated $272.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $586.3k during the year ending 05/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
BFN (IHAD) IS A UNIQUE ORGANIZATION THAT MOTIVATES AND EMPOWERS YOUTH FROM LOW-INCOME AREAS TO REACH THEIR EDUCATIONAL, PERSONAL AND CAREER GOALS BY PROVIDING A LONG-TERM PROGRAM OF MENTORING, TUTORING, AND ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER-SCHOOL AND SUMMER PROGRAM FOR ACADEMIC SUPPORT TO 100 EAST PALO ALTO AND EAST MENLO PARK STUDENTS IN GRADES FOURTH THROUGH ELEVENTH.
MENTORING, ACADEMIC AND COLLEGE COUNSELING PROGRAM FOR ACADEMIC SUPPORT OF 2 YEAR AND 4 YEAR COLLEGE STUDENTS FROM EAST PALO ALTO.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Gallo President | OfficerTrustee | 4 | $0 |
Peter Dumanian Vice President | OfficerTrustee | 1 | $0 |
Diane Russell Secretary | OfficerTrustee | 1 | $0 |
Garrett Perez Treasurer | OfficerTrustee | 1 | $0 |
Chi-Chao Chang Director | Trustee | 1 | $0 |
Georgiana Coonis Director | Trustee | 1 | $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 | $268,512 |
| Noncash contributions included in lines 1a–1f | $23,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,512 |
| Total Program Service Revenue | $0 |
| Investment income | $4,044 |
| 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 | $272,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,518 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,919 |
| Compensation of current officers, directors, key employees. | $35,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,739 |
| Payroll taxes | $25,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,622 |
| Advertising and promotion | $1,279 |
| Office expenses | $14,871 |
| Information technology | $2,177 |
| Royalties | $0 |
| Occupancy | $80,873 |
| Travel | $2,917 |
| 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 | $4,303 |
| Insurance | $5,955 |
| All other expenses | $0 |
| Total functional expenses | $586,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,738 |
| Savings and temporary cash investments | $1,111,125 |
| Pledges and grants receivable | $23,300 |
| 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 | $11,253 |
| Net Land, buildings, and equipment | $4,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,858 |
| Total assets | $1,239,578 |
| Accounts payable and accrued expenses | $16,241 |
| 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 | $16,241 |
| Unrestricted restricted net Assets | $1,195,037 |
| Temporarily restricted net Assets | $28,300 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,223,337 |