Businesses United In Investing Lending And Development

Organization Overview

Businesses United In Investing Lending And Development, operating under the name Build, is located in Redwood City, CA. The organization was established in 2001. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Build employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Build 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 06/2021, Build generated $16.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUILD'S MISSION IS TO USE ENTREPRENEURSHIP TO EXCITE AND PROPEL LOW-INCOME, DISENGAGED YOUTH THROUGH HIGH SCHOOL TO COLLEGE SUCCESS. BUILD IS COMMITTED TO HELPING DISADVANTAGED YOUTH IN AMERICA'S MOST UNDERSERVED COMMUNITIES GAIN THE KNOWLEDGE AND ABILITY TO PERSEVERE IN COLLEGE AND BEYOND. WHILE ACADEMIC PROFICIENCY IS NECESSARY, IT IS NOT SUFFICIENT TO PREPARE STUDENTS FOR COLLEGE AND THEIR CAREERS. THE MISSING PIECE IS FOR OUR YOUTH TO ACQUIRE 21ST CENTURY SKILLS - CRITICAL THINKING AND PROBLEM-SOLVING, SELF-DIRECTED LEARNING AND COLLABORATION - ALL OF WHICH ARE BEST LEARNED THROUGH A HANDS-ON, REAL-LIFE EXPERIENCE LIKE STARTING A BUSINESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENTREPRENEURS 1 (E1) FRESHMAN YEAR PLANNING A BUSINESS. FRESHMEN ENROLL IN A RIGOROUS, CREDIT BEARING CLASS FOR THE ENTIRE ACADEMIC YEAR. STUDENTS LEARN THE TENETS OF TIME MANAGEMENT, GOAL SETTING AND PROFESSIONAL COMMUNICATION ETIQUETTE. IN TEAMS OF 3-5 MEMBERS, STUDENTS DEVELOP COMPREHENSIVE 20-30 PAGE BUSINESS PLANS BASED ON IDEAS THEY CREATE. THE YEAR CULMINATES WITH PARTICIPATION IN BUILD'S YOUTH BUSINESS PLAN COMPETITION HELD AT UNIVERSITY GRADUATE SCHOOLS OF BUSINESS IN BUILD'S FOUR REGIONS.


PROGRAM #2: ENTREPRENEURS 2 (E2) SOPHOMORE YEAR RUNNING A BUSINESS. SOPHOMORES MEET AFTER SCHOOL FOR UP TO 6 HOURS PER WEEK FOR THE ENTIRE ACADEMIC YEAR. IN BUILD'S YOUTH BUSINESS AND ACADEMIC INCUBATOR, THEY BEGIN TO OPERATE A SMALL BUSINESS WHILE LEARNING NEGOTIATION, BUSINESS ETHICS, VENTURE CAPITAL AND MORE. TEAMS ARE ASSIGNED VENTURE CAPITAL ADVISORS, WHO ACT ON BUILD'S BEHALF TO FINANCE A STUDENT BUSINESS WITH FUNDING FROM BUILD. SIMULTANEOUSLY, SOPHOMORES RECEIVE ACADEMIC COACHING, ADVISING AND TUTORING TO ENSURE THEY GET ON TRACK TO GRADUATE HIGH SCHOOL ELIGIBLE FOR COLLEGE.


ENTREPRENEURS 3 (E3) JUNIOR YEAR PREPARING FOR COLLEGE. JUNIORS MEET AFTER SCHOOL AND ARE TRAINED ON ADVANCED TOPICS RELATING TO COLLEGE SELECTION. STUDENTS CONTINUE TO OPERATE THEIR BUSINESSES BUT NOW FOCUS MORE ON DEVELOPING COLLEGE READINESS SKILLS SO THEY WILL BE PREPARED TO ATTEND THE COLLEGE OF THEIR CHOICE. IN PREPARATION FOR COLLEGE, STUDENTS ARE TRAINED ON ESSAY WRITING, INTERVIEWING, FINANCIAL AID AND STANDARDIZED TESTING. TO ASSIST STUDENTS IN THE COLLEGE SELECTION PROCESS, BUILD STAFF MEMBERS ACCOMPANY STUDENTS ON COLLEGE TOURS IN VARIOUS PARTS OF THE COUNTRY.


ENTREPRENEURS 4 (E4) SENIOR YEAR SELECTING AND APPLYING FOR COLLEGE. SENIORS WORK WITH BUILD MENTORS AND STAFF TO IDENTIFY THEIR SCHOOLS, WRITE AND PREPARE COLLEGE ADMISSION ESSAYS AND APPLICATIONS AND PACKAGE THEIR BUILD EXPERIENCE INTO A PORTFOLIO. STUDENTS CONTINUE TO HONE THEIR INTERVIEWING AND PRESENTATION SKILLS IN PREPARATION FOR COMMUNICATING WITH COLLEGE ADMISSIONS OFFICERS. WHEN POSSIBLE, BUILD ASSISTS IN ARRANGING FOR COMMUNICATING WITH LOCAL BUILD ALUMNI. BUILD STAFF PROVIDES STUDENTS' PARENTS WITH INFORMATION ABOUT SCHOLARSHIPS AND FINANCIAL AID RESOURCES THROUGH WORKSHOPS AND MEETINGS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$709,177
Related organizations$0
Government grants $843,400
All other contributions, gifts, grants, and similar amounts not included above$14,619,684
Noncash contributions included in lines 1a–1f $633,783
Total Revenue from Contributions, Gifts, Grants & Similar$16,172,261
Total Program Service Revenue$406,724
Investment income $14,258
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,041
Net Income from Fundraising Events -$177,706
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,419,583

Grants Recieved

Over the last fiscal year, we have identified 39 grants that Businesses United In Investing Lending And Development has recieved totaling $6,449,986.

Awarding OrganizationAmount
Richard King Mellon Foundation Dtd 01-01-47

Pittsburgh, PA

PURPOSE: TOWARD FIVE-YEAR SUPPORT TO CREATE AN ENTREPRENEURSHIP EDUCATION ECOSYSTEM IN ALLEGHENY AND WESTMORELAND COUNTIES TO STRENGTHEN THE ENTREPRENEURIAL, 21ST-CENTURY, AND CAREER-READINESS SKILLS OF STUDENTS LIVING IN LOWER-INCOME COMMUNITIES

$1,141,215
Richard King Mellon Foundation Dtd 01-01-47

Pittsburgh, PA

PURPOSE: TOWARD FIVE-YEAR SUPPORT TO CREATE AN ENTREPRENEURSHIP EDUCATION ECOSYSTEM IN ALLEGHENY AND WESTMORELAND COUNTIES TO STRENGTHEN THE ENTREPRENEURIAL, 21ST-CENTURY, AND CAREER-READINESS SKILLS OF STUDENTS LIVING IN LOWER-INCOME COMMUNITIES

$1,141,215
Sergey Brin Family Foundation

San Francisco, CA

PURPOSE: GENERAL OPERATING SUPPORT

$800,000
Fidelity Foundation

Boston, MA

PURPOSE: TECHNOLOGY

$500,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$412,887
Thomas L Kempner Jr Foundation Inc

Southampton, NY

PURPOSE: OPERATIONS AND PROGRAM GRWOTH. SUPPORT AND LICENSED PARTNERSHIPS.

$350,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$363,662
Earnings$16
Ending Balance$363,678

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