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← FATHERS BUILDING FUTURES

Form 990 for tax year 2023

Filed by FATHERS BUILDING FUTURES.

Totals

Total revenue
$373,955
Total expenses
$433,859
Contributions and grants received
$285,211
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$88,744
Total assets, end of year
$172,615
Total liabilities, end of year
$748,027
Net assets or fund balances, end of year
-$575,412
Program services expenses (Part IX)
$296,666
Management and general expenses
$137,193
Fundraising expenses
$0
Program service expenses (Part III)
$296,666

Program services were 68.4% 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)

    $138,044

  • 1f · All other contributions, gifts and grants

    $147,167

  • 10a · Gross sales of inventory

    $24,626

  • 10b · Cost of goods sold

    $16,411

  • 10c · Net income from sales of inventory

    total $8,215 · related or exempt $8,215

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $80,529 · related or exempt $80,529

  • 11e · Other revenue, total

    $80,529

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $279,357 · program services $181,582 · management and general $97,775

  • 8 · Pension plan contributions

    total $822 · program services $534 · management and general $288

  • 9 · Other employee benefits

    total $22,105 · program services $14,714 · management and general $7,391

  • 10 · Payroll taxes

    total $16,297 · program services $10,594 · management and general $5,703

  • 11c · Fees: accounting

    total $6,292 · management and general $6,292

  • 11g · Fees: other

    total $2,773 · program services $2,773

  • 12 · Advertising and promotion

    total $360 · program services $36 · management and general $324

  • 13 · Office expenses

    total $25,844 · program services $20,560 · management and general $5,284

  • 14 · Information technology

    total $8,115 · program services $7,510 · management and general $605

  • 16 · Occupancy

    total $1,354 · program services $1,083 · management and general $271

  • 17 · Travel

    total $10,330 · program services $10,216 · management and general $114

  • 19 · Conferences, conventions and meetings

    total $1,501 · program services $1,501

  • 20 · Interest

    total $2,530 · management and general $2,530

  • 22 · Depreciation, depletion and amortization

    total $45,549 · program services $36,572 · management and general $8,977

  • 24a · Other expenses: EQUIPMENT EXPENSE

    total $2,091 · program services $2,091

  • 24b · Other expenses: VEHICLE EXPENSES

    total $6,381 · program services $4,784 · management and general $1,597

  • 24c · Other expenses: LICENSES & FEES

    total $167 · program services $125 · management and general $42

  • 24e · All other expenses

    total $1,991 · program services $1,991

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,421 · end of year $90,498

  • 4 · Accounts receivable

    beginning of year $6,064 · end of year $18,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,133 · end of year $10,993

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

    $123,359

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

    $121,757

  • 10c · Land, buildings and equipment, net

    beginning of year $2,265 · end of year $1,602

  • 14 · Intangible assets

    beginning of year $95,686 · end of year $50,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,971 · end of year $24,055

  • 19 · Deferred revenue

    beginning of year $115,646 · end of year $125,459

  • 25 · Other liabilities

    beginning of year $540,460 · end of year $598,513

  • 27 · Net assets without donor restrictions

    beginning of year -$515,508 · end of year -$575,412

Mission and programs · 2023

Mission

TO ENSURE PARENTS AND FAMILIES WITH BARRIERS RESULTING FROM INCARCERATION HAVE THE BEST OPPORTUNITIES FOR STABILITY SOCIALLY, EMOTIONALLY, AND FINANCIALLY.

  • THE JOB DEVELOPMENT PROGRAM SERVED 20 CLIENTS PRIOR TO AND AFTER BEING RELEASED FROM BERNALILLO COUNTY METRO DETENTION CENTER IN ALBUQUERQUE. PARTICIPANTS ENGAGED IN PARENTING AND FINANCIAL LITERACY CLASSES, EMPLOYABILITY TRAINING AND ON-THE-JOB TRAINING IN THE FATHERS BUILDING FUTURES WOOD SHOP.

    Expenses $296,666

As filed on the 2023 return.

Listed in Part VII

  • Peter Sanchez

    CEO

    Total calculated
    $283,755
    From this org
    $0
    From related orgs
    $261,255
    Other
    $22,500
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $261,255 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,500 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $283,755 related

  • Brian Oconnell

    COOCFO

    Total calculated
    $123,846
    From this org
    $0
    From related orgs
    $123,846
    Other
    $0
    Hours/week
    2 + 38 related

  • Ray Mares

    BOARD MEMBER

    Total calculated
    $18,000
    From this org
    $0
    From related orgs
    $18,000
    Other
    $0
    Hours/week
    0.2 + 1 related

  • Charles Pena

    BOARD MEMBER

    Total calculated
    $18,000
    From this org
    $0
    From related orgs
    $18,000
    Other
    $0
    Hours/week
    0.2 + 1 related

  • Randolph Sanchez

    CHAIRMAN

    Total calculated
    $18,000
    From this org
    $0
    From related orgs
    $18,000
    Other
    $0
    Hours/week
    0.2 + 1 related

  • Roberta Ricci

    BOARD MEMBER

    Total calculated
    $16,000
    From this org
    $0
    From related orgs
    $16,000
    Other
    $0
    Hours/week
    0.2 + 1 related

  • Thaddeus Lucero

    BOARD MEMBER

    Total calculated
    $16,000
    From this org
    $0
    From related orgs
    $16,000
    Other
    $0
    Hours/week
    0.2 + 1 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

  • 3 · Compensation survey or study
  • 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

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.

  • ATRISCO HERITAGE FOUNDATION

    501C3 · PROMOTING HERITAGE · NM

    Directly controlled by NONE

  • EL CAMPO SANTO INC

    501C13 · MAINTAIN CEMETERIES · NM

    Directly controlled by NONE

  • MSA

    501C3 · MARIACHI EDUCATION · NM

    Directly controlled by NONE

  • RGEC INC

    501C3 · SOCIAL AND ACADEMIC SERVICES FOR CHILDREN · NM

    Directly controlled by NONE

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ATRISCO OIL & GAS LLC

    C Corp · EXPLORATION OF MINERAL RIGHTS · NM · 0% owned

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521269349302332

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