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Nonprofiteer
← BUILT2LAST INNOVATIONS LAB INC

Form 990 for tax year 2022

Filed by BUILT2LAST INNOVATIONS LAB INC.

Totals

Total revenue
$301,805
Total expenses
$204,771
Contributions and grants received
$301,805
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$97,136
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$97,136
Program services expenses (Part IX)
$180,515
Management and general expenses
$24,256
Fundraising expenses
$0
Program service expenses (Part III)
$180,515

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $301,805

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,770 · program services $80,770 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $22,549 · program services $6,776 · management and general $15,773 · fundraising $0

  • 10 · Payroll taxes

    total $8,027 · program services $7,052 · management and general $975 · fundraising $0

  • 11c · Fees: accounting

    total $1,220 · program services $0 · management and general $1,220 · fundraising $0

  • 12 · Advertising and promotion

    total $2,583 · program services $0 · management and general $2,583 · fundraising $0

  • 16 · Occupancy

    total $12,386 · program services $9,908 · management and general $2,478 · fundraising $0

  • 17 · Travel

    total $1,606 · program services $1,606 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,379 · program services $1,379 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,439 · program services $11,439 · management and general $0 · fundraising $0

  • 24a · Other expenses: PROGRAM EXPENSE

    total $45,176 · program services $45,176 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $18 · program services $0 · management and general $18 · fundraising $0

  • 24c · Other expenses: DUES & SUBSCRIPTION

    total $1,666 · program services $1,666 · management and general $0 · fundraising $0

  • 24d · Other expenses: CONTRACT & PROFESSIONAL FEES

    total $9,950 · program services $9,950 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $6,002 · program services $4,793 · management and general $1,209 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $97,136

  • 27 · Net assets without donor restrictions

    beginning of year $100 · end of year $97,136

Mission and programs · 2022

Mission

CREATE A MORE INCLUSIVE ENTREPRENEURIAL AND BUSINESS ECOSYSTEM IN DURHAM, WITH AN EMPHASIS ON WOMEN AND UNDERREPRESENTED MINORITIES COMMUNITIES TO GAIN THE SKILLS AND EXPERIENCE NEEDED TO FULLY PARTICIPATE IN ECONOMIC PROPERITY.

  • Provided entrepreneurial training workshops for Creative Artists Developed a Training and Technical Assistance Program Developed a Multichannel Communication and Strategy Plan to ensure that information on the support and resources available reaches mintorities Secured 18 volunteers to provide/facilitate training and workshops Provided Training to Childcare Entrepreneurs Hosted Financial Literacy Workshops for marginalized communites Provided Counseling and Support for PPP/COVID Funding for businesses

    Expenses $180,515 · Revenue $301,805

As filed on the 2022 return.

Listed in Part VII

  • Dr Joyce Blackwell

    EXECUTIVE DIRECTOR

    Total calculated
    $80,770
    From this org
    $80,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anita Daniels

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dewarren Langley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kurt Merriweather

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Zaphon Wilson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Droege

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Keith Daniel

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Debra Parker

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Bryson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 October 2023
IRS schema version
2022v5.0
Source object
202303199349324065

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