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Building the Future Foundation FY2023 filing

East Brunswick, NJUnknown exempt organizationEIN 46-5195149

On file with the IRS1 Tower Center Blvd Fl24 · East Brunswick, NJ

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

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $132K a year · 661% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$269K
To programs
96%
Net assets
$697K
By yearFY2020–FY2025
Revenue
$0
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$100K
FY2025$20K
Expenses
$269K
FY2023▲ +636%
Tap a bar for its year
Expenses by fiscal year
FY2020$39K
FY2021$22K
FY2022$36K
FY2023$269K
FY2024$208K
FY2025$339K
Net assets
$697K
FY2023▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$966K
FY2023$697K
FY2024$589K
FY2025$270K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

96 cents of each dollar spent went to programs.

Program services 96% · $259K Management & general 4% · $10K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

Questions for Building the Future Foundation

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Provided by the organization

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1 program · $259K · in their own filed words · FY2023
01

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

$259Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$269K
Ln 25
Programscol B$259K
Managementcol C$10K
Owns and owesPt X
$697K
net assets · Ln 32
Cash and savingsLn 1–2$702K
Total assetsLn 16$702K
LiabilitiesLn 26$5K
PeoplePt VI, VII
3
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$702K
Cash and savings togetherLn 1–2$702K
Total assetsLn 16$702K
LiabilitiesLn 26$5K
Net assetsLn 32$697K
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
LineStart FY23End FY23
Cash and savingsLn 1–2$969K$702K
Total assetsLn 16$969K$702K
LiabilitiesLn 26$4K$5K
Net assetsLn 32$966K$697K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$454$454
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$5K$5K
Total functional expensesLn 25$269K$259K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20K$339K−$319K$270K 990 PDF
FY2024 $100K$208K−$108K$589K 990 PDF
FY2023 Viewing $0$269K−$269K$697K 990 PDF
FY2022 $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 FY2023 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 $10,000$250,000
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 $26,494$18,629
I-18 Total expensesPrior year $36,494$268,629
I-19 Revenue less expensesPrior year −$36,494−$268,629
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 $268,629 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-11b Legal feesPrograms $3,022$3,022
IX-11c Accounting feesManagement $5,000$5,000
IX-13 Office expensesManagement $454$454
IX-19 Conferences, conventions and meetingsPrograms $5,618$5,618
IX-23 InsuranceManagement $4,535$4,535
IX-25 Total functional expensesPrograms $258,640 · Management $9,989 · Fundraising $0$268,629
Part X · Balance sheet $702,051 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $969,180$702,051
X-16 Total assetsStart of year $969,180$702,051
X-17 Accounts payable and accrued expensesStart of year $3,500$5,000
X-26 Total liabilitiesStart of year $3,500$5,000
X-27 Net assets without donor restrictionsStart of year $965,680$697,051
X-32 Total net assets or fund balancesStart of year $965,680$697,051
X-33 Total liabilities and net assetsStart of year $969,180$702,051
Part XI · Reconciliation of net assets $697,051 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$268,629
XI-3 Revenue less expenses−$268,629
XI-4 Net assets at start of year$965,680
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$697,051

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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