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The Builder Foundation

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Omaha, NE501(c)(3)Community Development EIN 47-0844890Total revenue $348K in FY2025Latest return filed Oct 27, 2025

On file with the IRSthebuilderfoundation.org (this site now redirects elsewhere)Tax-exempt since May 2002Public charity

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Charitable and educational organization to encourage young individuals to enter the construction trade by providing education, training, and practical experience.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0844890) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

What it does

3 programs · $198K · in their own filed words · FY2025
01

The Builder Foundation sponsors high school students at a local community college in the construction courses as well as providing scholarships to those young individuals who are seeking degrees in the construction industry

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0844890) · Dispute this line
$198Kprogram expense
02

The board has developed 48 affordable rental units which produced developer fees and potentially an ongoing income stream from rental agreements in an effort to support and expand the mission of the Builder Foundation to help assist individuals entering into the construction trade.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0844890) · Dispute this line
Pt IX · Ln 25 · col B
03

The Builder Foundation provides grants to instructors who provide training to high school students with interest in the construction industry

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0844890) · Dispute this line
Pt IX · Ln 25 · col B

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, current with the IRS.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $3K a year · 2% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
68% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
2.1 mo
of spending, in cash
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $180K · 2021–2025
7 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Total revenue
$348K
+72% vs prior year
Total expenses
$289K
To programs
68%
Net assets
$987K
By yearFY2020–FY2025
Revenue
$348K
FY2025▲ +72%
Tap a bar for its year
Revenue by fiscal year
FY2020$96K
FY2021$109K
FY2022$189K
FY2023$137K
FY2024$202K
FY2025$348K
Expenses
$289K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$126K
FY2021$130K
FY2022$149K
FY2023$181K
FY2024$222K
FY2025$289K
Net assets
$987K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$974K
FY2021$953K
FY2022$992K
FY2023$948K
FY2024$929K
FY2025$987K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2002.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $198K Management & general 30% · $86K Fundraising 2% · $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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Mark Bowder
Executive Director
$0Pt VII · Sec A
Mike Riedmann
President/Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Sorensen
Past-President/Secretary
$0Pt VII · Sec A
Chad Christensen
Board Member
$0Pt VII · Sec A
Jaylene Eilenstine
Board Member
$0Pt VII · Sec A
Ellen Grace
Board Member
$0Pt VII · Sec A
Ted Grace
Board Member/Co-Founder
$0Pt VII · Sec A

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

Updates and questions

Trains young people for construction careers through education and hands-on experience.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

Questions for The Builder Foundation

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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 · from the funders’ 2025 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Parker Family Foundation$10K
Total grants received, 2021–2025from 7 funders$180K
See all 7 funders, 2021–2025 →
Grants paid · 4 grants · $88K · 2023–2024
Unitemized GrantFY2024$31,406
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$35,610
Unitemized GrantFY2023$10,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$348K
Ln 12
Gifts and grantsLn 1h$338K
Other incomeLn 4–11$9K
Fees for servicesLn 2g$650
Money outPt IX
$289K
Ln 25
Programscol B$198K
Managementcol C$86K
Fundraisingcol D$5K
Owns and owesPt X
$987K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$987K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$338K
Fundraising eventsLn 1c$11K
Fees for servicesLn 2g$650
Other incomeLn 4–11$9K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Pledges and grants receivableLn 3$2K
Notes and loans receivableLn 7$933K
Other assetsLn 15$2K
Total assetsLn 16$987K
LiabilitiesLn 26$0
Net assetsLn 32$987K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2K$51K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$937K$987K
LiabilitiesLn 26$9K$0
Net assetsLn 32$929K$987K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$41K$41K
Other fees for servicesLn 11g$138K$51K$82K$5K
Office expensesLn 13$608$608
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$107K$105K$1K$212
Total functional expensesLn 25$289K$198K$86K$5K

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 27, 2025 $348K$289K$59K$987K 990 PDF
FY2024Filed with the IRS Aug 14, 2024 $202K$222K−$20K$929K 990 PDF
FY2023Filed with the IRS Aug 8, 2023 $137K$181K−$43K$948K 990 PDF
FY2022Filed with the IRS May 16, 2023 $189K$149K$39K$992K 990 PDF
FY2021Filed with the IRS Sep 23, 2021 $109K$130K−$21K$953K 990 PDF
FY2020Filed with the IRS May 17, 2021 $96K$126K−$30K$974K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990

Parts IV and V and the Schedule O notes are not shown yet: we do not hold this return's e-file. The Parts below come from the IRS data we do hold, and the full 990 PDF has every Part.

Part I · Summary $347,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $171,422$338,215
I-9 Program service revenuePrior year $1,474$650
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $29,553$8,857
I-12 Total revenuePrior year $202,449$347,722
I-13 Grants and similar amounts paidPrior year $46,110$41,406
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 $176,106$247,372
I-18 Total expensesPrior year $222,216$288,778
I-19 Revenue less expensesPrior year −$19,767$58,944
Part III · Program service accomplishments 3 programs, $197,557 spent
III-4a The builder foundation sponsors high school students at a local community college in the construction courses as well as providing scholarships to those young individuals who are seeking degrees in the construction industryincludes $10,000 in grants$197,557
III-4b The builder foundation provides grants to instructors who provide training to high school students with interest in the construction industryincludes $31,406 in grants—
III-4c The board has developed 48 affordable rental units which produced developer fees and potentially an ongoing income stream from rental agreements in an effort to support and expand the mission of the builder foundation to help assist individuals entering into the construction trade.—
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VII · Officers, directors and key employees 12 people listed, 0 paid by the organization
VII-1a Chad ChristensenBoard Member$0
VII-1a Ellen GraceBoard Member$0
VII-1a Jaylene EilenstineBoard Member$0
VII-1a John PrososkiBoard Member$0
VII-1a John StalnakerBoard Member$0
VII-1a Ken SorensenPast-President/Secretary$0
VII-1a Kraig WilliamsTreasurer$0
VII-1a Mark BowderExecutive Director$0
VII-1a Mike RiedmannPresident/Chairman$0
VII-1a Rob WoodlingBoard Member$0
VII-1a Ted GraceBoard Member/Co-Founder$0
VII-1a Wendy WalkerBoard Member$0
Part VIII · Statement of revenue $347,722 across 6 lines filed
VIII-1c Fundraising events$11,325
VIII-1f All other contributions, gifts and grants$326,890
VIII-1h Total contributions, gifts and grants$338,215
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $650$650
VIII-8 Net income from fundraising eventsExcluded from tax $8,857$8,857
VIII-12 Total revenueRelated to mission $650 · Unrelated business $0 · Excluded from tax $8,857$347,722
Part IX · Statement of functional expenses $288,778 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $41,406$41,406
IX-11g Other fees for servicesPrograms $50,961 · Management $81,887 · Fundraising $5,286$138,134
IX-13 Office expensesManagement $608$608
IX-23 InsuranceManagement $1,740$1,740
IX-24 Other expenses (24a–d)Programs $105,190 · Management $1,488 · Fundraising $212$106,890
IX-25 Total functional expensesPrograms $197,557 · Management $85,723 · Fundraising $5,498$288,778
Part X · Balance sheet $987,453 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,243$50,539
X-3 Pledges and grants receivable$2,000
X-7 Notes and loans receivableStart of year $932,772$932,772
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $2,169$2,142
X-16 Total assetsStart of year $937,184$987,453
X-17 Accounts payable and accrued expensesStart of year $8,648$0
X-26 Total liabilitiesStart of year $8,648$0
X-27 Net assets without donor restrictionsStart of year $471,036$503,620
X-28 Net assets with donor restrictionsStart of year $457,500$483,833
X-32 Total net assets or fund balancesStart of year $928,536$987,453
X-33 Total liabilities and net assetsStart of year $937,184$987,453
Part XI · Reconciliation of net assets $987,453 net assets at year end
XI-1 Total revenue$347,722
XI-2 Total expenses$288,778
XI-3 Revenue less expenses$58,944
XI-4 Net assets at start of year$928,536
XI-5 Net unrealized gains (losses) on investments−$27
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$987,453

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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