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Nonprofiteer
← BUILDING EQUITY INITIATIVE INC

Form 990 for tax year 2023

Filed by BUILDING EQUITY INITIATIVE INC.

Totals

Total revenue
$19,001,730
Total expenses
$7,632,794
Contributions and grants received
$12,000,000
Grants paid
$0
Program service revenue
$6,307,202
Investment income
$694,528
Other revenue
$0
Total assets, end of year
$186,804,831
Total liabilities, end of year
$175,169,493
Net assets or fund balances, end of year
$11,635,338
Program services expenses (Part IX)
$7,495,401
Management and general expenses
$137,393
Fundraising expenses
$0
Program service expenses (Part III)
$7,495,401

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BUDDY PHILPOT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • BRAHM CRAMER

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • SCOTT PEARSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    4 + 2 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNITRANCHE CAPITAL FUND LLC

    PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS · DE · income $696,638 · assets $14,366,460

    Directly controlled by BUILDING CHARTERS FUND INC

  • UNITRANCHE CAPITAL FUND 2 LLC

    PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS · DE · income $4,753,412 · assets $107,510,781

    Directly controlled by BUILDING CHARTERS FUND INC

  • UNITRANCHE CAPITAL FUND 3 LLC

    PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS · DE · income $1,145,554 · assets $40,472,569

    Directly controlled by BUILDING CHARTERS FUND INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 June 2024
IRS schema version
2023v5.0
Source object
202411669349300131

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