Building Markets Ltd
- Assets
- $2.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Brooklyn, NY
- Founding
- 03/2010
- Data as of
- 06/2023
- EIN
- 98-0575195
Organization Overview
Building Markets Ltd is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Building Markets Ltd employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Markets Ltd 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 06/2023, Building Markets Ltd generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING MARKETS HAS SUPPORTED MORE THAN 26,700 SMES, ASSISTED THOSE BUSINESSES IN WINNING $1.36 BILLION IN CONTRACTS AND $21 MILLION IN LOANS, AND HAS HELPED CREATE OVER 75,000 JOBS ACROSS DIVERSE MARKETS LIKE TURKEY, COLOMBIA, JORDAN, MYANMAR, AFGHANISTAN, LIBERIA, AND HAITI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING MARKETS' SUSTAINABLE MARKETPLACE PROGRAM IN TURKEY WORKS WITH SYRIAN OWNED BUSINESSES TO HELP THEM BETTER ASSIMILATE INTO THEIR HOST COMMUNITIES, AND BUILD LONG TERM LIVLIHOODS FOR REFUGEES AND THEIR HOST COMMUNITIES. IN THE LAST YEAR THE PROGRAM HELPED BUSINESSES GENERATE 12.8 MILLION DOLLARS IN REVENUE AND GENERATE 2,226 JOBS.
BUILDING MARKETS WORKS WITH RECYCLING SMES IN MYANMAR TO HELP REDUCE WASTE AND ENSURE THAT THE COLLECTION RATE FOR PTE AND ALLUMINIUM IS HIGHER FOR THE MARKET. IN THE PAST YEAR MYAMNAR'S TEAM HELPED INCREASE THE COLLECTION RATE OF PTES BY 18.6% AMONGST SMES WITH WHOM WE WORK.
BUILDING MARKETS WORKS WITH SMES THAT ARE OWNED OR EMPLOYE VENEZUELAN REFUGEES IN COLOMBIA. WE LAUNCHED THE PROGRAM IN THE CURRENT TAX YEAR, HIRED STAFF, AND BEGAN WORKING WITH 650 SMES TO IMPROVE THEIR ACCESS TO MARKETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Radha Rajkotia Chief Executive Officer | OfficerTrustee | 40 | $67,244 |
Elizabeth Fairfield Brown Head Of Partnerships | Officer | 40 | $153,705 |
Ainsley F Butler Global Head Of Programs | Officer | 40 | $142,500 |
Shaniqwa Chapman Senior Mgr, Finance And Admin | 40 | $114,917 | |
Frank Hamilton Mcnutt Chief Operating Officer | Officer | 40 | $20,507 |
Ben Cushman Board Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,696,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,398,036 |
| Noncash contributions included in lines 1a–1f | $19,969 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,094,608 |
| Total Program Service Revenue | $0 |
| Investment income | $11,371 |
| 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 | $4,108,126 |
| 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 | $170,897 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $685,726 |
| Compensation of current officers, directors, key employees. | $451,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,180,261 |
| Pension plan accruals and contributions | $15,963 |
| Other employee benefits | $114,578 |
| Payroll taxes | $306,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,803 |
| Fees for services: Accounting | $62,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825,450 |
| Advertising and promotion | $91,566 |
| Office expenses | $42,143 |
| Information technology | $75,536 |
| Royalties | $0 |
| Occupancy | $198,393 |
| Travel | $145,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,645 |
| Insurance | $6,646 |
| All other expenses | $0 |
| Total functional expenses | $4,104,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $525,541 |
| Savings and temporary cash investments | $1,106,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $980 |
| 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 | $4,802 |
| Net Land, buildings, and equipment | $4,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $390,240 |
| Total assets | $2,032,767 |
| Accounts payable and accrued expenses | $163,801 |
| Grants payable | $0 |
| Deferred revenue | $1,197,905 |
| 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 | $360,245 |
| Total liabilities | $1,721,951 |
| Net assets without donor restrictions | $310,816 |
| Net assets with donor restrictions | $0 |
| 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 | $2,032,767 |