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Nonprofiteer
← BUILDING TALENT FOUNDATION

Form 990 for tax year 2023

Filed by BUILDING TALENT FOUNDATION.

Totals

Total revenue
$2,272,342
Total expenses
$3,737,205
Contributions and grants received
$2,263,526
Grants paid
$0
Program service revenue
$0
Investment income
$691
Other revenue
$8,125
Total assets, end of year
$1,999,474
Total liabilities, end of year
$1,185,179
Net assets or fund balances, end of year
$814,295
Program services expenses (Part IX)
$2,712,119
Management and general expenses
$714,247
Fundraising expenses
$310,839
Program service expenses (Part III)
$2,712,119

Program services were 72.6% 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

    $2,263,526

  • 3 · Investment income

    total $691 · excluded $691

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $8,125 · related or exempt $8,125

  • 11e · Other revenue, total

    $8,125

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $400,000 · program services $136,000 · management and general $132,000 · fundraising $132,000

  • 7 · Other salaries and wages

    total $1,924,866 · program services $1,755,716 · management and general $52,200 · fundraising $116,950

  • 9 · Other employee benefits

    total $74,114 · program services $65,204 · management and general $4,839 · fundraising $4,071

  • 10 · Payroll taxes

    total $163,121 · program services $143,091 · management and general $8,552 · fundraising $11,478

  • 11b · Fees: legal

    total $2,644 · management and general $2,644

  • 11c · Fees: accounting

    total $59,835 · management and general $59,835

  • 11e · Fees: professional fundraising services

    total $5,000 · fundraising $5,000

  • 11g · Fees: other

    total $56,865 · program services $26,646 · management and general $27,718 · fundraising $2,501

  • 12 · Advertising and promotion

    total $68,025 · program services $58,210 · management and general $8,133 · fundraising $1,682

  • 13 · Office expenses

    total $28,544 · program services $17,804 · management and general $8,912 · fundraising $1,828

  • 14 · Information technology

    total $405,874 · program services $404,428 · management and general $998 · fundraising $448

  • 17 · Travel

    total $122,622 · program services $90,932 · fundraising $31,690

  • 19 · Conferences, conventions and meetings

    total $6,645 · program services $4,768 · fundraising $1,877

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $2,774 · management and general $2,774

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $402,772 · management and general $402,772

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $10,911 · program services $9,320 · management and general $519 · fundraising $1,072

  • 24c · Other expenses: FEES

    total $260 · management and general $18 · fundraising $242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $543,006 · end of year $415,685

  • 3 · Pledges and grants receivable

    beginning of year $2,706,621 · end of year $1,570,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,526 · end of year $12,296

  • 14 · Intangible assets

    beginning of year $2,917 · end of year $582

  • 17 · Accounts payable and accrued expenses

    beginning of year $553,283 · end of year $709,550

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $654,720 · end of year -$775,705

  • 28 · Net assets with donor restrictions

    beginning of year $1,624,438 · end of year $1,590,000

Mission and programs · 2023

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.

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

    Expenses $721,721 · Revenue $2,708

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

    Expenses $711,181 · Revenue $2,708

  • 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 $670,578 · Revenue $2,709

  • 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 TRADECONTRACTORS; 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 $608,639

As filed on the 2023 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
    $1,077,210
    From this org
    $0
    From related orgs
    $1,077,210
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,163 related
    Bonus
    $0 + $573,047 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,077,210 related

  • Phil Theodore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Branka Minic

    CEO

    Total calculated
    $525,975
    From this org
    $400,000
    From related orgs
    $0
    Other
    $125,975
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $0
    Other
    $0
    Deferred
    $125,000
    Nontaxable benefits
    $975
    Filer's total
    $525,975

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 · Written employment contract
  • 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

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
2023
Filed
17 September 2024
IRS schema version
2023v5.1
Source object
202412709349300631

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