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Nonprofiteer
← BUILDING MARKETS LTD

Form 990 for tax year 2024

Filed by BUILDING MARKETS LTD.

Totals

Total revenue
$1,996,628
Total expenses
$3,035,787
Contributions and grants received
$1,928,649
Grants paid
$1,408
Program service revenue
$64,036
Investment income
$3,638
Other revenue
$305
Total assets, end of year
$881,075
Total liabilities, end of year
$251,267
Net assets or fund balances, end of year
$629,808
Program services expenses (Part IX)
$1,718,277
Management and general expenses
$1,282,535
Fundraising expenses
$34,975
Program service expenses (Part III)
$1,718,277

Program services were 56.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,928,649

  • 2a · Program service revenue: Consulting fees

    total $64,036 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,638 · unrelated business $0 · excluded $3,638

  • 6a · Gross rents

    real property $42,872

  • 6b · Less rental expenses

    real property $42,872

  • 11d · All other revenue

    total $305 · related or exempt $0 · unrelated business $0 · excluded $305

  • 11e · Other revenue, total

    $305

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,408 · program services $1,408

  • 5 · Compensation of officers, directors and key employees

    total $515,169 · program services $98,883 · management and general $416,286 · fundraising $0

  • 7 · Other salaries and wages

    total $972,471 · program services $870,621 · management and general $101,850 · fundraising $0

  • 8 · Pension plan contributions

    total $24,640 · program services $5,879 · management and general $18,761 · fundraising $0

  • 9 · Other employee benefits

    total $118,514 · program services $87,843 · management and general $30,671 · fundraising $0

  • 10 · Payroll taxes

    total $237,240 · program services $196,883 · management and general $40,357 · fundraising $0

  • 11b · Fees: legal

    total $21,763 · program services $20,226 · management and general $1,513 · fundraising $24

  • 11c · Fees: accounting

    total $75,840 · program services $21,684 · management and general $54,156 · fundraising $0

  • 11g · Fees: other

    total $615,492 · program services $542,280 · management and general $44,682 · fundraising $28,530

  • 12 · Advertising and promotion

    total $22,597 · program services $20,782 · management and general $1,815 · fundraising $0

  • 13 · Office expenses

    total $45,638 · program services $38,841 · management and general $5,079 · fundraising $1,718

  • 14 · Information technology

    total $58,977 · program services $37,814 · management and general $21,143 · fundraising $20

  • 16 · Occupancy

    total $159,089 · program services $41,361 · management and general $117,728 · fundraising $0

  • 17 · Travel

    total $75,515 · program services $60,977 · management and general $14,045 · fundraising $493

  • 22 · Depreciation, depletion and amortization

    total $1,192 · program services $0 · management and general $1,192 · fundraising $0

  • 23 · Insurance

    total $3,992 · program services $0 · management and general $3,992 · fundraising $0

  • 24a · Other expenses: Program food and supplies

    total $18,980 · program services $8,106 · management and general $6,698 · fundraising $4,176

  • 24b · Other expenses: Training and development

    total $4,484 · program services $2,484 · management and general $2,000 · fundraising $0

  • 24c · Other expenses: Indirect cost allocations

    total $0 · program services -$398,676 · management and general $398,676 · fundraising $0

  • 24e · All other expenses

    total $62,786 · program services $60,881 · management and general $1,891 · fundraising $14

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,795 · end of year $290,172

  • 2 · Savings and temporary cash investments

    beginning of year $1,536,216 · end of year $529,947

  • 3 · Pledges and grants receivable

    beginning of year $113,094

  • 4 · Accounts receivable

    end of year $54,596

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,740 · end of year $5,571

  • 10a · Land, buildings and equipment: cost or other basis

    $13,351

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,562

  • 10c · Land, buildings and equipment, net

    beginning of year $2,430 · end of year $789

  • 15 · Other assets

    beginning of year $206,355 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,724 · end of year $85,169

  • 19 · Deferred revenue

    end of year $166,098

  • 25 · Other liabilities

    beginning of year $263,037 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $94,219 · end of year -$5,736

  • 28 · Net assets with donor restrictions

    beginning of year $1,521,650 · end of year $635,544

Mission and programs · 2024

Mission

Building Markets unleashes the transformational power of small businesses to address pressing social challenges by driving job creation and inclusive growth. Founded in 2004, the organization finds, builds, and connects competitive local Small and Medium-Sized Enterprises (SMEs) to supply chains and investment. Using this data-driven model, 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, Jordan, Myanmar, Afghanistan, Liberia, and Haiti.

Activities or mission (Part I)

Building Markets builds inclusive economies for small businesses (SMEs) so that all people have the opportunity to rise, 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.

  • In FY25, Building Markets strengthened local economies across Colombia, Iraq, Trkiye, and Myanmar by helping small businesses access new opportunities and thrive. A total of 1,093 small businesses joined our network, gaining visibility and access to buyers. Through these connections, participating enterprises won $4.8 million in contracts, improving the lives of 255,974 people through increased income and stability. Additionally, 1,326 individuals received training to expand their skills and improve market access for small business leaders.

    Expenses $1,718,277 · Grants $21,408 · Revenue $64,036

As filed on the 2024 return.

Listed in Part VII

  • Radha Rajkotia

    Chief Executive Officer

    Total calculated
    $241,680
    From this org
    $231,600
    From related orgs
    $0
    Other
    $10,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,600
    Bonus
    $0
    Other
    $0
    Deferred
    $10,080
    Nontaxable benefits
    $0
    Filer's total
    $241,680

  • Elizabeth Fairfield Brown

    Head Of Partnerships

    Total calculated
    $150,388
    From this org
    $146,139
    From related orgs
    $0
    Other
    $4,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,139
    Bonus
    $0
    Other
    $0
    Deferred
    $4,249
    Nontaxable benefits
    $0
    Filer's total
    $150,388

  • Frank Hamilton Mcnutt

    Chief Operating Officer

    Total calculated
    $158,800
    From this org
    $152,000
    From related orgs
    $0
    Other
    $6,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $0
    Filer's total
    $158,800

  • Ben Cushman

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Annie Duflo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathrin Frauscher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Musser

    Director

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

  • BuMa Ventures LLC

    DE · income $5,000 · assets $4,943

    Directly controlled by Building Markets Ltd

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BuMa Ventures LLC

    rel · supports Building Markets charitable and programmatic activities that involve direct funding, lendin · DE · 0% owned

    Directly controlled by Building Markets Ltd

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202523489349300207

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