Building for Tomorrow FY2020 filing

Tax-deductible

Akron, OH501(c)(3)Human ServicesEIN 27-4254089Revenue $792K in FY2020

On file with the IRSamhabft.org100 West Cedar Street, 44307-2569 · Akron, OHTax-exempt since Apr 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Building for Tomorrow (bft) supports services to residents of akron metropolitan housing authority and other low-income residents in the community that promote stability, education and economic independence as a means of strengthening the greater community - this mission aligns with the goals and mission of amha. Bft provides residents of amha with tools to reach their potential and move beyond assisted living. We focus on educational success, economic self-sufficiency and independent living. Bft strives to create a supportive sense of community where residents, no matter their stage in life, are given the power to realize and obtain a brighter future.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $126K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$126K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$792K
Spent
$718K
To programs
99%
Net assets
$430K
By yearFY2020–FY2024
Revenue
$792K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$792K
FY2021$822K
FY2022$932K
FY2023$907K
FY2024$1.6M
Expenses
$718K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$718K
FY2021$771K
FY2022$901K
FY2023$909K
FY2024$1.1M
Net assets
$430K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$430K
FY2021$480K
FY2022$511K
FY2023$510K
FY2024$576K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $712K Management & general 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Former Presi
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
See Building for Tomorrow executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers low-income residents with education, economic opportunity, and community support for brighter futures.

Questions for Building for Tomorrow

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Provided by the organization

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3 programs · $702K · in their own filed words · FY2020
01

Early Childhood Initiative

Early childhood initiative (eci) operates under the premise that investments in early care and education deliver economic returns and provide a foundation for success later in life. Eci's unique design maximizes scarce resources to provide programs that address children's developmental needs and support families.

$367Kprogram 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 help their children succeed in school.

$248Kprogram 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.

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$792K
Ln 12
Gifts and grantsLn 1h$779K
Investment incomeLn 3$13K
Money outPt IX
$718K
Ln 25
Programscol B$712K
Managementcol C$6K
Owns and owesPt X
$430K
net assets · Ln 32
Cash and savingsLn 1–2$511K
Total assetsLn 16$556K
LiabilitiesLn 26$126K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$779K
Investment incomeLn 3$13K
Total revenueLn 12$792K
Assets in detailPt X, end of year
CashLn 1$511K
Cash and savings togetherLn 1–2$511K
Total assetsLn 16$556K
LiabilitiesLn 26$126K
Net assetsLn 32$430K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$531K$511K
Total assetsLn 16$570K$556K
LiabilitiesLn 26$215K$126K
Net assetsLn 32$355K$430K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$621K$621K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$1K$390
OccupancyLn 16$8K$8K
TravelLn 17$10K$10K
InsuranceLn 23$7K$6K$1K
Other expenses (24a–d)Ln 24$63K$63K
Total functional expensesLn 25$718K$712K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.1M$478K$576K 990 PDF
FY2023 $907K$909K−$2K$510K 990 PDF
FY2022 $932K$901K$31K$511K 990 PDF
FY2021 $822K$771K$50K$480K 990 PDF
FY2020 Viewing $792K$718K$74K$430K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $792,113 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $948,121$778,733
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,312$13,380
I-11 Other revenue$0
I-12 Total revenuePrior year $956,433$792,113
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,002,277$717,773
I-18 Total expensesPrior year $1,002,277$717,773
I-19 Revenue less expensesPrior year −$45,844$74,340
Part VI · Governance 4 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $792,113 across 4 lines filed
VIII-1f All other contributions, gifts and grants$778,733
VIII-1h Total contributions, gifts and grants$778,733
VIII-3 Investment incomeExcluded from tax $13,380$13,380
VIII-12 Total revenueExcluded from tax $13,380$792,113
Part IX · Statement of functional expenses $717,773 across 8 lines filed
IX-11c Accounting feesManagement $4,750$4,750
IX-11g Other fees for servicesPrograms $621,116$621,116
IX-12 Advertising and promotionPrograms $1,947$1,947
IX-13 Office expensesPrograms $1,226 · Management $390$1,616
IX-16 OccupancyPrograms $7,977$7,977
IX-17 TravelPrograms $10,425$10,425
IX-23 InsurancePrograms $6,159 · Management $1,000$7,159
IX-24 Other expenses (24a–d)Programs $62,783$62,783
IX-25 Total functional expensesPrograms $711,633 · Management $6,140 · Fundraising $0$717,773
Part X · Balance sheet $556,048 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $531,208$511,024
X-3 Pledges and grants receivableStart of year $39,037$45,024
X-16 Total assetsStart of year $570,245$556,048
X-17 Accounts payable and accrued expensesStart of year $214,952$126,415
X-26 Total liabilitiesStart of year $214,952$126,415
X-27 Net assets without donor restrictionsStart of year $84,212$97,453
X-28 Net assets with donor restrictionsStart of year $271,081$332,180
X-32 Total net assets or fund balancesStart of year $355,293$429,633
X-33 Total liabilities and net assetsStart of year $570,245$556,048
Part XI · Reconciliation of net assets $429,633 net assets at year end
XI-1 Total revenue$792,113
XI-2 Total expenses$717,773
XI-3 Revenue less expenses$74,340
XI-4 Net assets at start of year$355,293
XI-10 Net assets at end of year$429,633

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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