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Nonprofiteer
← FUTURE BUILDERS OF AMERICA INC

Form 990 for tax year 2024

Filed by FUTURE BUILDERS OF AMERICA INC.

Totals

Total revenue
$154,228
Total expenses
$64,283
Contributions and grants received
$71,929
Grants paid
$15,000
Program service revenue
$0
Investment income
$82,299
Other revenue
$0
Total assets, end of year
$530,995
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$530,995
Program services expenses (Part IX)
$57,431
Management and general expenses
$6,852
Fundraising expenses
$0
Program service expenses (Part III)
$57,431

Program services were 89.3% 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

    $71,929

  • 3 · Investment income

    total $12,299 · excluded $12,299

  • 7a · Gross sales of assets other than inventory

    other assets $70,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $70,000

  • 7d · Net gain or loss

    total $70,000 · related or exempt $70,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 11b · Fees: legal

    total $1,178 · management and general $1,178

  • 11c · Fees: accounting

    total $2,316 · management and general $2,316

  • 11f · Fees: investment management

    total $1,587 · management and general $1,587

  • 13 · Office expenses

    total $1,771 · management and general $1,771

  • 17 · Travel

    total $634 · program services $634

  • 23 · Insurance

    total $813 · program services $813

  • 24a · Other expenses: HURRICANE RELIEF ASSIST

    total $40,984 · program services $40,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $382,721 · end of year $106,996

  • 2 · Savings and temporary cash investments

    beginning of year $56,452 · end of year $420,226

  • 4 · Accounts receivable

    beginning of year $0 · end of year $3,131

  • 9 · Prepaid expenses and deferred charges

    beginning of year $685 · end of year $642

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $381,061 · end of year $469,892

  • 28 · Net assets with donor restrictions

    beginning of year $58,797 · end of year $61,103

Mission and programs · 2024

Mission

TO ENGAGE IN HOUSING-RELATED EDUCATIONAL ACTIVITIES AND TO HELP YOUTH UNDERSTAND AND PURSUE REWARDING CAREERS IN HOMEBUILDING AND RELATED CONSTRUCTION TRADES.

  • FUNDRAISING FOR THE SUPPORT OF THE FUTURE BUILDERS OF AMERICA, INCLUDES PROVIDING SCHOLARSHIPS FOR THESE INDIVIDUALS AND HOSTING AN ANNUAL SUMMER LEADERSHIP CAMP FOR THE DEVELOPMENT OF STUDENTS INVOLVED IN THIS ORGANIZATION.

    Expenses $16,447 · Grants $15,000 · Revenue $70,000

  • HURRICANE RELIEF ASSISTANCE

    Expenses $40,984 · Revenue $71,929

As filed on the 2024 return.

Listed in Part VII

  • Jeremy Stewart

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Dittmar

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Garrett Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Russell F Payton

    CEO OF FHBA

    Total calculated
    $314,839
    From this org
    $0
    From related orgs
    $265,000
    Other
    $49,839
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,366 related
    Nontaxable benefits
    $0 + $15,473 related
    Filer's total
    $0 + $314,839 related

  • Kimberly Scott

    CFO OF FHBA

    Total calculated
    $220,168
    From this org
    $0
    From related orgs
    $182,253
    Other
    $37,915
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,253 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,410 related
    Nontaxable benefits
    $0 + $16,505 related
    Filer's total
    $0 + $220,168 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. 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY FLORIDA HOME BUILDERS ASSOCIATION, INC, A RELATED ORGANIZATION, AND AS SUCH THE RELATED ORGANIZATION SETS THE POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION.

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

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.

  • FLORIDA HOME BUILDERS ASSOCIATION

    501(C)(6) · MBR BENEFIT · FL

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349306807

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