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← BUILDING FUTURES FOUNDATION INC

Form 990 for tax year 2022

Filed by BUILDING FUTURES FOUNDATION INC.

Totals

Total revenue
$118,964
Total expenses
$11,191
Contributions and grants received
$44,114
Grants paid
$0
Program service revenue
$0
Investment income
$54,279
Other revenue
$20,571
Total assets, end of year
$795,116
Total liabilities, end of year
$211
Net assets or fund balances, end of year
$794,905
Program services expenses (Part IX)
$0
Management and general expenses
$11,191
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1c · Fundraising events

    $5,775

  • 1f · All other contributions, gifts and grants

    $38,339

  • 3 · Investment income

    total $15,051 · excluded $15,051

  • 7a · Gross sales of assets other than inventory

    securities $376,954

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

    securities $337,726

  • 7c · Gain or loss

    securities $39,228

  • 7d · Net gain or loss

    total $39,228 · excluded $39,228

  • 8a · Fundraising events: gross income

    $40,265

  • 8a · Fundraising events: contributions included on line 1c

    $5,775

  • 8b · Fundraising events: direct expenses

    $19,694

  • 8c · Net income from fundraising events

    total $20,571 · excluded $20,571

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $2,049 · management and general $2,049

  • 13 · Office expenses

    total $3,461 · management and general $3,461

  • 24a · Other expenses: MISCELLANEOUS

    total $3,636 · management and general $3,636

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $2,045 · management and general $2,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,348 · end of year $107,415

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $785

  • 11 · Investments: publicly traded securities

    beginning of year $602,120 · end of year $686,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $200 · end of year $211

  • 27 · Net assets without donor restrictions

    beginning of year $794,268 · end of year $794,905

Mission and programs · 2022

Mission

THE ORGANIZATION RECEIVES AND ADMINISTERS GIFTS AND BEQUESTS ON BEHALF OF NYSARC, INC. MADISON CORTLAND COUNTY CHAPTER.

  • RECEIVED AND ADMINISTERED GIFTS AND BEQUESTS, AND CONDUCTED FUNDRAISING ACTIVITIES ON BEHALF OF NYSARC, INC. MADISON CORTLAND COUNTIES CHAPTER.

As filed on the 2022 return.

Listed in Part VII

  • Brett Zielasko

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael West

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Perry Courto

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $204,504
    From this org
    $0
    From related orgs
    $174,404
    Other
    $30,100
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,756 related
    Nontaxable benefits
    $0 + $23,344 related
    Filer's total
    $0 + $204,504 related

  • Jack Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Digiorgio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Murphy

    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

  • 1a · Discretionary spending account
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
PERRY COURTO HAS A DISCRETIONARY SPENDING ACCOUNT OF $1000.

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
26 October 2023
IRS schema version
2022v5.0
Source object
202323009349301352

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