The Builder Foundation EIN 47-0844890 Form 990 (PDF) Claim this org

The Builder Foundation FY2022 filing

Not yet claimed Claim this org →

Trains young people for construction careers through education and hands-on experience. For fiscal year 2022 it reported $189K in revenue, $149K in expenses, and $992K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Omaha, NE
Website
www.thebuilderfoundation.org
Filings
6 on file (2020–2022)
Revenue
$189KFY2022
Expenses
$149K
Net assets
$992K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-0844890 Public charity (501(c)(3)) Omaha, NE
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until The Builder Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Trains young people for construction careers through education and hands-on experience.
Leadership
Ken Sorensen · Chairman
Money in and out
$189K revenue, $149K expenses
Bottom line
80% program efficiency
Where the money goes · FY2022
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$992K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39K
Where spending went · Part IX cols B–D
Program services $0.80 Fundraising $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
4.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$189K
FY2022▲ +73%
Expenses
$149K
FY2022▲ +15%
Total assets
$996K
FY2022▲ +2%
Total liabilities
$5K
FY2022▼ -78%
Total revenue
$189K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$992K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$996K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Builder Foundation
EINHdr · item D47-0844890
Principal addressHdr · item COmaha, NE
WebsiteHdr · item Jwww.thebuilderfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFMay 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Builder Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $119K of program spending, described in the organization's own filed words · FY2021.
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

$119Kprogram 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.

Pt IX · col B
03

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

Pt IX · col B

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$189K
Total revenueLn 12$189K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Fundraising $0.20
Program services80%$119K
Fundraising20%$30K
Total functional expensesLn 25$149K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$996K
Total liabilitiesLn 26$5K
Total net assetsLn 32$992K
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $149K
4.8 months
Where the money goes
Program services
Program services $119K · Total expenses $149K
80%
Management & General
Management & general $0 · Total expenses $149K
0%
Fundraising
Fundraising $30K · Total expenses $149K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $133K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $189K
100%
Government reliance
Government grants — · Total revenue $189K
Earned-income share
Program service revenue $0 · Total revenue $189K
0%
Investment reliance
Investment income $0 · Total revenue $189K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $149K
0%
Growth & trend
Revenue growth (YoY)
This year $189K · Prior year $109K
+73%
Net-asset trend (YoY)
End of year $992K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $189K · Expenses $149K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $996K
Net-asset ratio
Net assets $992K · Total assets $996K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $996K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ken Sorensen · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $149K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $149K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 0%
Fundraising cost ratio 16%
Revenue growth 73%
Legal fee ratio 0.8%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $88K · 2023–2024
Unitemized GrantFY2024$31,406
Unitemized GrantFY2024$10,000
Unitemized GrantFY2023$35,610
Unitemized GrantFY2023$10,500

Similar Organizations

Closest in mission — by what they do
See all organizations like The Builder Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$348K revenue · ⤓ 990 PDF
FY2024$202K revenue · ⤓ 990 PDF
FY2023$137K revenue · ⤓ 990 PDF
FY2022$189K revenue · viewing · ⤓ 990 PDF
FY2021$109K revenue · ⤓ 990 PDF
FY2020$96K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.