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Nonprofiteer
← BUILDING TALENT FOUNDATION

Form 990 for tax year 2022

Filed by BUILDING TALENT FOUNDATION.

Totals

Total revenue
$2,666,448
Total expenses
$3,049,349
Contributions and grants received
$2,666,303
Grants paid
$0
Program service revenue
$0
Investment income
$145
Other revenue
$0
Total assets, end of year
$3,308,070
Total liabilities, end of year
$1,028,912
Net assets or fund balances, end of year
$2,279,158
Program services expenses (Part IX)
$2,338,848
Management and general expenses
$336,419
Fundraising expenses
$374,082
Program service expenses (Part III)
$2,338,848

Program services were 76.7% 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

    $2,666,303

  • 3 · Investment income

    total $145 · excluded $145

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $584,789 · program services $199,750 · management and general $191,164 · fundraising $193,875

  • 7 · Other salaries and wages

    total $1,288,671 · program services $1,246,575 · fundraising $42,096

  • 9 · Other employee benefits

    total $26,198 · program services $19,745 · management and general $4,920 · fundraising $1,533

  • 10 · Payroll taxes

    total $118,013 · program services $105,149 · management and general $4,124 · fundraising $8,740

  • 11b · Fees: legal

    total $7,071 · management and general $7,071

  • 11c · Fees: accounting

    total $48,952 · management and general $48,952

  • 11g · Fees: other

    total $121,877 · program services $63,039 · management and general $46,338 · fundraising $12,500

  • 12 · Advertising and promotion

    total $177,411 · program services $171,312 · management and general $3,010 · fundraising $3,089

  • 13 · Office expenses

    total $23,814 · program services $12,343 · management and general $8,131 · fundraising $3,340

  • 14 · Information technology

    total $390,240 · program services $387,898 · management and general $1,376 · fundraising $966

  • 17 · Travel

    total $129,661 · program services $102,918 · management and general $6,188 · fundraising $20,555

  • 19 · Conferences, conventions and meetings

    total $44,539 · program services $30,119 · management and general $10,034 · fundraising $4,386

  • 22 · Depreciation, depletion and amortization

    total $2,333 · management and general $2,333

  • 23 · Insurance

    total $2,778 · management and general $2,778

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $83,002 · fundraising $83,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,200 · end of year $543,006

  • 3 · Pledges and grants receivable

    beginning of year $2,831,781 · end of year $2,706,621

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,130 · end of year $55,526

  • 14 · Intangible assets

    beginning of year $5,250 · end of year $2,917

  • 17 · Accounts payable and accrued expenses

    beginning of year $351,673 · end of year $553,283

  • 25 · Other liabilities

    beginning of year $475,629 · end of year $475,629

  • 27 · Net assets without donor restrictions

    beginning of year $604,430 · end of year $654,720

  • 28 · Net assets with donor restrictions

    beginning of year $2,057,629 · end of year $1,624,438

Mission and programs · 2022

Mission

TO ADVANCE THE EDUCATION, TRAINING, AND CAREER PROGRESSION OF YOUNG PEOPLE AND PEOPLE FROM UNDERREPRESENTED GROUPS, AS SKILLED TECHNICAL WORKERS AND AS BUSINESS OWNERS IN RESIDENTIAL CONSTRUCTION.

  • JOBS TO BUILD - THE FOUNDATION'S NATIONAL, CENTRALIZED, CLOUD-BASED EXTENSIBLE PLATFORM, THAT PROVIDES LOCAL CONSTRUCTION OCCUPATIONAL OUTLOOK, CAREER PATHWAYS, JOB SEARCH, AND SCHOLARSHIPS AND EDUCATION/TRAINING PROGRAM SEARCH FOR YOUTH, CAREER CHANGERS, AND JOB SEEKERS. THROUGH THE EMPLOYER TALENT PIPELINE MANAGEMENT PORTAL, EMPLOYERS OF ALL SIZES ARE MATCHED WITH JOB SEEKERS AND STUDENTS, REDUCING RECRUITING COSTS AND INCREASING RETENTION. THIS CONSTRUCTION INDUSTRY-SERVING SITE AIMS TO BECOME THE INDUSTRY MARKETPLACE - A PLACE WHERE BUILDERS GO TO FIND QUALIFIED TRADE CONTRACTORS; WHERE TRADE CONTRACTORS GO IN SEARCH OF PROJECT (WORK) OPPORTUNITIES, MATERIALS, AND WORKERS; AND WHERE TALENT GOES TO SEEK OUT EMPLOYMENT AND UPSKILLING OPPORTUNITIES.

    Expenses $674,980

  • BUILDING TALENT CONNECTIONS - BTF CONNECTS EMPLOYERS WITH JOB SEEKERS BY SUPPORTING AND STRENGTHENING EDUCATION PARTNERSHIPS WHERE JOB SEEKERS ARE AND THE TRAINING PROGRAMS, TOOLS AND PLATFORMS WHERE OUR EMPLOYERS SEEK NEW TALENT. BTF'S TALENT CONNECTIONS ARE GEARED TOWARDS STRENGTHENING AND SCALING EMPLOYMENT AND BUSINESS OWNERSHIP IN OUR INDUSTRY, WHILE IMPROVING COLLABORATION BETWEEN EMPLOYERS, EDUCATORS AND JOBSEEKERS.

    Expenses $559,004

  • BUILDING TALENT PIPELINE - BTF ENGAGES WITH YOUNG PEOPLE, IN SCHOOLS AND IN COMMUNITIES, TO ENCOURAGE THEIR INTEREST AND EXPLORATION OF CAREERS IN RESIDENTIAL CONSTRUCTION. BTF SUPPORTS SCHOOLS AND TRAINING PROVIDERS TO ALIGN THEIR CONSTRUCTION CURRICULA WITH EMPLOYERS' DEMAND FOR SKILLS. BTF AIMS TO SIGNIFICANTLY INCREASE THE NUMBER OF STUDENTS ENROLLING IN CONSTRUCTION PROGRAMS, BY RAISING THEIR AWARENESS OF THE EXCITING OPPORTUNITIES OUR INDUSTRY OFFERS.

    Expenses $557,384

  • BUILDING TALENT ENGAGEMENT - THE FOUNDATION SUPPORTS THE BUSINESS GROWTH OF ITS TRADE PARTNERS AND THE INDUSTRY'S WORKFORCE BY LEVERAGING INNOVATIVE TALENT MANAGEMENT TECHNOLOGY AND ADVANCING WORKPLACE PRACTICES FOR RECRUITING, HIRING, DEVELOPING, ENGAGING, AND RETAINING WORKERS IN RESIDENTIAL CONSTRUCTION. THE FOUNDATION FOSTERS PROFESSIONAL DEVELOPMENT, ENTREPRENEURSHIP, AND CAREER ADVANCEMENT AMONG THE INDUSTRY'S WORKERS AND BUSINESS OWNERS.

    Expenses $547,480

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sheryl Palmer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Douglas Bauer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Alan Norris

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Kenneth Gear

    ASSISTANT TREASURER

    Total calculated
    $1,205,315
    From this org
    $0
    From related orgs
    $1,205,315
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $549,996 related
    Bonus
    $0 + $655,319 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,205,315 related
  • Phil Theodore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Branka Minic

    CEO

    Total calculated
    $653,622
    From this org
    $400,000
    From related orgs
    $0
    Other
    $253,622
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $0
    Other
    $0
    Deferred
    $250,000
    Nontaxable benefits
    $3,622
    Filer's total
    $653,622

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
MARKET RESEARCH WAS COMPLETED BY THE EXECUTIVE SEARCH FIRM USING NON-PROFIT COMPENSATION DATA. A SALARY RANGE WAS PRESENTED AND DECIDED UPON BY THE LBA COMMITTEE AND A WRITTEN EMPLOYMENT CONTRACT WAS SIGNED.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202311789349301356

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