Building for Tomorrow EIN 27-4254089 Form 990 (PDF) Claim this org

Building for Tomorrow

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Empowers low-income residents with education, economic opportunity, and community support for brighter futures. For fiscal year 2024 it reported $1.6M in revenue, $1.1M in expenses, and $576K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Akron, OH
Website
www.amhabft.org
Filings
5 on file (2020–2024)
Revenue
$1.6MFY2024
Expenses
$1.1M
Net assets
$576K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4254089 Public charity (501(c)(3)) Akron, OH
Form 990 (PDF)
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Empowers low-income residents with education, economic opportunity, and community support for brighter futures.
Leadership
Herman L Hill · President
Money in and out
$1.6M revenue, $1.1M expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$576K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $478K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
13.7mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ ×178 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▲ +75%
Expenses
$1.1M
FY2024▲ +22%
Total assets
$1.3M
FY2024▲ +4%
Total liabilities
$691K
FY2024▼ -3%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$576K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$478K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

See schedule o

$502Kprogram expense
02

Spark (supporting partnerships to assure ready kids), a component of the early childhood initiative, is a family-focused kindergarten-readiness home visitation program designed to prepare children ages 3 and 4 for kindergarten by helping families in structured lessons and activities aligned with ohio's early learning and development…

$348Kprogram expense
03

Reach Opportunity Center

The reach opportunity center is an educational facility for all residents of the summit lake neighborhood. The center helps families to rise above poverty by providing a comprehensive system of education, training, support and resources that are keys to improving personal opportunities and achieving self-sufficiency.

$228Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuilding for Tomorrow
EINHdr · item D27-4254089
Principal addressHdr · item CAkron, OH
WebsiteHdr · item Jwww.amhabft.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFApr 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
VP/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
See Building for Tomorrow executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$1.5M · 96%
Other revenue$36K · 2%
Investment income$23K · 1%
Contributions & grants96%$1.5M
Other revenue2%$36K
Investment income1%$23K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$1.1M
Management & general3%$29K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.3M
Total liabilitiesLn 26$691K
Total net assetsLn 32$576K
Months of cash on handcomputed13.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $1.1M
13.7 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.1M
97%
Management & General
Management & general $29K · Total expenses $1.1M
3%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.1M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.6M
96%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $23K · Total revenue $1.6M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $907K
+75%
Revenue CAGR
FY2020 $792K · FY2024 $1.6M
+19%
Net-asset trend (YoY)
End of year $576K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.1M
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $576K · Total assets $1.3M
45%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Herman L Hill · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $224K · Total expenses $1.1M
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Revenue growth 75%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$149K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.6M revenue · viewing · ⤓ 990 PDF
FY2023$907K revenue · ⤓ 990 PDF
FY2022$932K revenue · ⤓ 990 PDF
FY2021$822K revenue · ⤓ 990 PDF
FY2020$792K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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