Building Talent Foundation
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 84-4308411
Organization Overview
Building Talent Foundation is located in Washington, DC. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Building Talent Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Talent Foundation 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 12/2023, Building Talent Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE EDUCATION, TRAINING, AND CAREER PROGRESSION OF YOUNG PEOPLE AND PEOPLE FROM UNDERREPRESENTED GROUPS, AS SKILLED TECHNICAL WORKERS AND AS BUSINESS OWNERS IN RESIDENTIAL CONSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING TALENT PIPELINE - THE FOUNDATION ENGAGES WITH YOUNG PEOPLE, IN SCHOOLS AND IN COMMUNITIES, TO ENCOURAGE THEIR INTEREST AND EXPLORATION OF CAREERS IN RESIDENTIAL CONSTRUCTION. THE FOUNDATION SUPPORTS SCHOOLS AND TRAINING PROVIDERS TO ALIGN THEIR CONSTRUCTION CURRICULA WITH EMPLOYERS' DEMAND FOR SKILLS. THE FOUNDATION AIMS TO SIGNIFICANTLY INCREASE THE NUMBER OF STUDENTS ENROLLING IN CONSTRUCTION PROGRAMS, BY RAISING THEIR AWARENESS OF THE EXCITING OPPORTUNITIES THE INDUSTRY OFFERS.
JOBS TO BUILD - THE FOUNDATION'S NATIONAL, CENTRALIZED, CLOUD-BASED EXTENSIBLE PLATFORM, THAT PROVIDES LOCAL CONSTRUCTION OCCUPATIONAL OUTLOOK, CAREER PATHWAYS, JOB SEARCH, AND SCHOLARSHIPS AND EDUCATION/TRAINING PROGRAM SEARCH FOR YOUTH, CAREER CHANGERS, AND JOB SEEKERS. THROUGH THE EMPLOYER TALENT PIPELINE MANAGEMENT PORTAL, EMPLOYERS OF ALL SIZES ARE MATCHED WITH JOB SEEKERS AND STUDENTS, REDUCING RECRUITING COSTS AND INCREASING RETENTION. THIS CONSTRUCTION INDUSTRY-SERVING SITE AIMS TO BECOME THE INDUSTRY MARKETPLACE - A PLACE WHERE BUILDERS GO TO FIND QUALIFIED TRADECONTRACTORS; WHERE TRADE CONTRACTORS GO IN SEARCH OF PROJECT (WORK) OPPORTUNITIES, MATERIALS, AND WORKERS; AND WHERE TALENT GOES TO SEEK OUT EMPLOYMENT AND UPSKILLING OPPORTUNITIES.
BUILDING TALENT CONNECTIONS - THE FOUNDATION CONNECTS EMPLOYERS WITH JOB SEEKERS BY SUPPORTING AND STRENGTHENING EDUCATION PARTNERSHIPS WHERE JOB SEEKERS ARE AND THE TRAINING PROGRAMS, TOOLS, AND PLATFORMS WHERE EMPLOYERS SEEK NEW TALENT. THE FOUNDATION'S TALENT CONNECTIONS ARE GEARED TOWARD STRENGTHENING AND SCALING EMPLOYMENT AND BUSINESS OWNERSHIP IN THE INDUSTRY, WHILE IMPROVING COLLABORATION BETWEEN EMPLOYERS, EDUCATORS, AND JOBSEEKERS.
BUILDING TALENT ENGAGEMENT - THE FOUNDATION SUPPORTS THE BUSINESS GROWTH OF ITS TRADE PARTNERS AND THE INDUSTRY'S WORKFORCE BY LEVERAGING INNOVATIVE TALENT MANAGEMENT TECHNOLOGY AND ADVANCING WORKPLACE PRACTICES FOR RECRUITING, HIRING, DEVELOPING, ENGAGING, AND RETAINING WORKERS IN RESIDENTIAL CONSTRUCTION. THE FOUNDATION FOSTERS PROFESSIONAL DEVELOPMENT, ENTREPRENEURSHIP, AND CAREER ADVANCEMENT AMONG THE INDUSTRY'S WORKERS AND BUSINESS OWNERS.
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 |
|---|---|---|---|
Sheryl Palmer Chairman | OfficerTrustee | 2 | $0 |
Douglas Bauer Secretary | OfficerTrustee | 2 | $0 |
Alan Norris Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Gear Assistant Treasurer | OfficerTrustee | 2 | $0 |
Phil Theodore Director | Trustee | 2 | $0 |
Branka Minic CEO | Officer | 50 | $400,000 |
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 | $2,263,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,263,526 |
| Total Program Service Revenue | $0 |
| Investment income | $691 |
| 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 | $2,272,342 |
| 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. | $400,000 |
| Compensation of current officers, directors, key employees. | $132,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,924,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,114 |
| Payroll taxes | $163,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,644 |
| Fees for services: Accounting | $59,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,865 |
| Advertising and promotion | $68,025 |
| Office expenses | $28,544 |
| Information technology | $405,874 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,333 |
| Insurance | $2,774 |
| All other expenses | $0 |
| Total functional expenses | $3,737,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,685 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,570,911 |
| 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 | $12,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $582 |
| Other assets | $0 |
| Total assets | $1,999,474 |
| Accounts payable and accrued expenses | $709,550 |
| 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 | $475,629 |
| Total liabilities | $1,185,179 |
| Net assets without donor restrictions | -$775,705 |
| Net assets with donor restrictions | $1,590,000 |
| 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 | $1,999,474 |