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 06/2022, Build employed 126 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 06/2022, Build generated $15.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $11.3m during the year ending 06/2022. While expenses have increased by 1.7% 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
2022
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.
ALL OTHER PROGRAMS: 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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ayele Shakur CEO | OfficerTrustee | 50 | $295,421 |
Roy Hirshland Board Chair | OfficerTrustee | 2 | $0 |
Mohamed Fahmi Treasurer | OfficerTrustee | 2 | $0 |
Doug Brien Board Clerk | OfficerTrustee | 1 | $0 |
Dale Lemke Cfoo | Officer | 50 | $184,900 |
Ajay Agarwal Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Go West Creative Event Production Services | 6/29/22 | $128,409 |
Dotline Advisors Llc Consulting Services - Digital Strategy | 6/29/22 | $122,467 |
The Tasc Group Llc Pr Marketing Services | 6/29/22 | $101,745 |
Connect For Education Inc Consulting Services - Digital Strategy | 6/29/22 | $107,358 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $331,807 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $14,446,585 |
Noncash contributions included in lines 1a–1f | $102,776 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,778,392 |
Total Program Service Revenue | $190,774 |
Investment income | $92,489 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,955 |
Net Income from Fundraising Events | -$94,306 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,977,304 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $208,820 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $549,033 |
Compensation of current officers, directors, key employees. | $265,923 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,490,233 |
Pension plan accruals and contributions | $102,563 |
Other employee benefits | $605,802 |
Payroll taxes | $629,469 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $44,410 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $180,650 |
Fees for services: Investment Management | $18,475 |
Fees for services: Other | $432,892 |
Advertising and promotion | $174,695 |
Office expenses | $62,448 |
Information technology | $615,130 |
Royalties | $0 |
Occupancy | $194,225 |
Travel | $93,435 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $132,665 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $55,805 |
Insurance | $37,497 |
All other expenses | $197,574 |
Total functional expenses | $11,340,463 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,600,597 |
Savings and temporary cash investments | $5,473,574 |
Pledges and grants receivable | $6,884,706 |
Accounts receivable, net | $40,250 |
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 | $5,038 |
Net Land, buildings, and equipment | $68,654 |
Investments—publicly traded securities | $0 |
Investments—other securities | $4,766,357 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $41,489 |
Total assets | $18,880,665 |
Accounts payable and accrued expenses | $723,361 |
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 | $723,361 |
Net assets without donor restrictions | $9,602,400 |
Net assets with donor restrictions | $8,554,904 |
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 | $18,880,665 |