Building the Future Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 46-5195149)

Revenue by fiscal year
FY2020	$0
FY2021	$0
FY2022	$0
FY2023	$0
FY2024	$100K
FY2025	$20K

Expenses by fiscal year
FY2020	$39K
FY2021	$22K
FY2022	$36K
FY2023	$269K
FY2024	$208K
FY2025	$339K

Net assets by fiscal year
FY2020	$1.0M
FY2021	$1.0M
FY2022	$966K
FY2023	$697K
FY2024	$589K
FY2025	$270K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $32K Management & general 13% · $5K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation

Raymond M Pocino

Chairman Thru 10/22

$0Pt VII · Sec A

Francisco Maldonado-Ramirez

Vice Chairman

$0Pt VII · Sec A

John Sartor JR

Treasurer

$0Pt VII · Sec A

Michael E Hellstrom

Chairman Eff 11/22

$0Pt VII · Sec A

See Building the Future Foundation 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

Advocates for laws and policies promoting building, economic growth, jobs, and financial security for working families.

Provided by the organization

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1 program · $32K · in their own filed words · FY2022

01

To achieve sound legislation and public policies with respect to building infrastructure, economic development and employment opportunities and economic security for working families.

$32Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

American Bridge 21st Century FoundationFY2024$100K

Total grants receivedfrom 1 funder$100K

Grants paid · 8 grants · $600K · 2022–2025

Building the Future NY INCFY2025$250,000

Voters ProjectFY2025$50,000

NJ Leading TogetherFY2024$25,000

New Yorkers for Equal Rights INCNY · FY2024$15,000

Stronger Fairer ForwardNJ · FY2023$100,000

NJ Leading TogetherFY2023$100,000

Moving NJ Together (nj)NJ · FY2023$50,000

Razom INCNY · FY2022$10,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$36K

Ln 25

Programscol B$32K

Managementcol C$5K

Owns and owesPt X

$966K

net assets · Ln 32

Cash and savingsLn 1–2$969K

Total assetsLn 16$969K

LiabilitiesLn 26$4K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

CashLn 1$969K

Cash and savings togetherLn 1–2$969K

Total assetsLn 16$969K

LiabilitiesLn 26$4K

Net assetsLn 32$966K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1.0M	$969K
Total assetsLn 16	$1.0M	$969K
LiabilitiesLn 26	$8K	$4K
Net assetsLn 32	$1.0M	$966K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$10K	$10K
Legal feesLn 11b	$706	$706
Accounting feesLn 11c	$4K		$4K
Other fees for servicesLn 11g	$21K	$21K
Office expensesLn 13	$266		$266
InsuranceLn 23	$1K		$1K
Total functional expensesLn 25	$36K	$32K	$5K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$20K	$339K	−$319K	$270K	990 PDF
FY2024	$100K	$208K	−$108K	$589K	990 PDF
FY2023	$0	$269K	−$269K	$697K	990 PDF
FY2022 Viewing	$0	$36K	−$36K	$966K	990 PDF
FY2021	$0	$22K	−$22K	$1.0M	990 PDF
FY2020	$0	$39K	−$39K	$1.0M	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 FY2022 990 (6 parts)

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $0$0

I-13 Grants and similar amounts paidPrior year $0$10,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,176$26,494

I-18 Total expensesPrior year $22,176$36,494

I-19 Revenue less expensesPrior year −$22,176−$36,494

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $0 across 1 lines filed

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

Part IX · Statement of functional expenses $36,494 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $10,000$10,000

IX-11b Legal feesPrograms $706$706

IX-11c Accounting feesManagement $3,500$3,500

IX-11g Other fees for servicesPrograms $20,888$20,888

IX-13 Office expensesManagement $266$266

IX-23 InsuranceManagement $1,134$1,134

IX-25 Total functional expensesPrograms $31,594 · Management $4,900 · Fundraising $0$36,494

Part X · Balance sheet $969,180 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $1,008,540$969,180

X-16 Total assetsStart of year $1,009,674$969,180

X-17 Accounts payable and accrued expensesStart of year $7,500$3,500

X-26 Total liabilitiesStart of year $7,500$3,500

X-27 Net assets without donor restrictionsStart of year $1,002,174$965,680

X-32 Total net assets or fund balancesStart of year $1,002,174$965,680

X-33 Total liabilities and net assetsStart of year $1,009,674$969,180

Part XI · Reconciliation of net assets $965,680 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$36,494

XI-3 Revenue less expenses−$36,494

XI-4 Net assets at start of year$1,002,174

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$965,680

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Building the Future Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV