Totals
- Total revenue
- $5,148,763
- Total expenses
- $4,472,680
- Contributions and grants received
- $5,067,141
- Grants paid
- $535,256
- Program service revenue
- $0
- Investment income
- $10,738
- Other revenue
- $70,884
- Total assets, end of year
- $2,022,607
- Total liabilities, end of year
- $406,761
- Net assets or fund balances, end of year
- $1,615,846
- Program services expenses (Part IX)
- $3,216,190
- Management and general expenses
- $1,229,026
- Fundraising expenses
- $27,464
- Program service expenses (Part III)
- $3,216,190
Program services were 71.9% 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)
$2,804,323
-
1f · All other contributions, gifts and grants
$2,262,818
-
3 · Investment income
total $10,738 · unrelated business $0 · excluded $10,738
-
6a · Gross rents
real property $70,378
-
6c · Rental income or loss
real property $70,378
-
6d · Net rental income or loss
total $70,378 · related or exempt $70,378
-
11d · All other revenue
total $506 · related or exempt $0 · unrelated business $0 · excluded $506
-
11e · Other revenue, total
$506
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $535,256 · program services $535,256
-
5 · Compensation of officers, directors and key employees
total $859,661 · program services $294,816 · management and general $544,485 · fundraising $20,360
-
7 · Other salaries and wages
total $1,176,375 · program services $945,757 · management and general $230,618 · fundraising $0
-
8 · Pension plan contributions
total $20,513 · program services $0 · management and general $20,307 · fundraising $206
-
9 · Other employee benefits
total $156,984 · program services $135,319 · management and general $20,186 · fundraising $1,479
-
10 · Payroll taxes
total $386,265 · program services $285,146 · management and general $97,167 · fundraising $3,952
-
11b · Fees: legal
total $31,729 · program services $22,685 · management and general $9,044 · fundraising $0
-
11c · Fees: accounting
total $57,934 · program services $18,934 · management and general $39,000 · fundraising $0
-
11g · Fees: other
total $634,654 · program services $594,813 · management and general $39,841 · fundraising $0
-
12 · Advertising and promotion
total $35,012 · program services $33,165 · management and general $1,847 · fundraising $0
-
13 · Office expenses
total $46,715 · program services $20,581 · management and general $24,966 · fundraising $1,168
-
16 · Occupancy
total $192,016 · program services $94,257 · management and general $97,759 · fundraising $0
-
17 · Travel
total $89,005 · program services $75,367 · management and general $13,638 · fundraising $0
-
19 · Conferences, conventions and meetings
total $23,181 · program services $8,974 · management and general $14,207 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $4,046 · program services $0 · management and general $4,046 · fundraising $0
-
23 · Insurance
total $6,730 · program services $0 · management and general $6,730 · fundraising $0
-
24a · Other expenses: Program supplies and other expenses
total $216,604 · program services $141,778 · management and general $74,527 · fundraising $299
-
24b · Other expenses: Project Overhead Allocation Expense
total $0 · program services $9,342 · management and general -$9,342 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $525,541 · end of year $124,772
-
2 · Savings and temporary cash investments
beginning of year $1,106,577 · end of year $1,536,216
-
3 · Pledges and grants receivable
end of year $113,094
-
4 · Accounts receivable
beginning of year $980
-
9 · Prepaid expenses and deferred charges
beginning of year $41,222 · end of year $39,740
-
10a · Land, buildings and equipment: cost or other basis
$17,580
-
10b · Land, buildings and equipment: accumulated depreciation
$15,150
-
10c · Land, buildings and equipment, net
beginning of year $4,627 · end of year $2,430
-
15 · Other assets
beginning of year $353,820 · end of year $206,355
-
17 · Accounts payable and accrued expenses
beginning of year $163,801 · end of year $143,724
-
19 · Deferred revenue
beginning of year $1,197,905
-
25 · Other liabilities
beginning of year $360,245 · end of year $263,037
-
27 · Net assets without donor restrictions
beginning of year $310,816 · end of year $94,196
-
28 · Net assets with donor restrictions
end of year $1,521,650
Mission and programs · 2023
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.
-
Building Markets Sustainable Marketplace program in Turkey works with Syrian owned businesses to help them better assimilate into their host communities, and build long term livlihoods for refugees and their host communities. In the last year the program helped businesses generate 12.8 million dollars in revenue and generate 2,226 jobs.
Expenses $2,377,855 · Grants $1,962,204
-
Building Markets works with recycling SMEs in Myanmar to help reduce waste and ensure that the collection rate for PTE and alluminium is higher for the market. In the past year Myamnars team helped increase the collection rate of PTEs by 18.6% amongst SMEs with whom we work.
Expenses $177,436 · Grants $66,410
-
Building Markets works with SMEs that are owned or employ Venezuelan refugeesin Colombia. We work with these small businesses to strengthen their service offerings and connect them to new market opportunities.
Expenses $660,899 · Grants $368,006
As filed on the 2023 return.
Listed in Part VII
-
Radha Rajkotia
Chief Executive Officer
- Total calculated
- $257,040
- From this org
- $252,000
- From related orgs
- $0
- Other
- $5,040
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,000
- Bonus
- $0
- Other
- $0
- Deferred
- $5,040
- Nontaxable benefits
- $0
- Filer's total
- $257,040
-
Frank Hamilton Mcnutt
Chief Operating Officer
- Total calculated
- $179,400
- From this org
- $170,000
- From related orgs
- $0
- Other
- $9,400
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,000
- Bonus
- $0
- Other
- $0
- Deferred
- $3,400
- Nontaxable benefits
- $6,000
- Filer's total
- $179,400
-
Ben Cushman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Didovic
Director
- Total calculated
- $0
- Hours/week
- 1
-
Trent Hoole
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Mackie
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn Makinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terry Peigh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Saal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Annie Duflo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathrin Frauscher
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
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413249349300746
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