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Believers United in Local Development FY2022 filing

Tax-deductible

Indianapolis, IN501(c)(3)Community DevelopmentEIN 81-0765249Revenue $730K in FY2022

On file with the IRSbuildindy.org1301 N Goodlet Ave, 46222-3081 · Indianapolis, INTax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

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BUILD provides job skills and access to economic opportunity to young people in Indianapolis.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
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
2 of 4
filings with a surplus
Average surplus $166K a year · 46% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
121 mo
of spending, in cash
Looks good: 121.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $336K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$730K
Spent
$80K
To programs
97%
Net assets
$804K
By yearFY2022–FY2025
Revenue
$730K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$730K
FY2023$623K
FY2024$0
FY2025$100K
Expenses
$80K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$80K
FY2023$301K
FY2024$248K
FY2025$163K
Net assets
$804K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$804K
FY2023$1.1M
FY2024$1.0M
FY2025$921K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2019.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $77K Management & general 3% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Larry Grinstead
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Laster
Treasurer
$0Pt VII · Sec A
Maggie Lewis
Board of Directors
$0Pt VII · Sec A
Douglas Tate
Board of Directors
$0Pt VII · Sec A
Natrina Debow
Board of Directors
$0Pt VII · Sec A
Annette Johnson
Board of Directors
$0Pt VII · Sec A
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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

Provides job skills and economic opportunity to young people.

Questions for Believers United in Local Development

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Provided by the organization

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1 program · $80K · in their own filed words · FY2022
01

Build workforce training through local education and construction trades. Build crime reduction through workforce development land acquistion

$80Kprogram 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 · FY2024
National Urban League INCFY2024$286K
The Indianapolis Foundation INCFY2024$50K
Total grants receivedfrom 2 funders$336K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$730K
Ln 12
Gifts and grantsLn 1h$730K
Money outPt IX
$80K
Ln 25
Programscol B$77K
Managementcol C$2K
Owns and owesPt X
$804K
net assets · Ln 32
Cash and savingsLn 1–2$804K
Total assetsLn 16$804K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$730K
Government grantsLn 1e$225K
Total revenueLn 12$730K
Assets in detailPt X, end of year
SavingsLn 2$804K
Cash and savings togetherLn 1–2$804K
Total assetsLn 16$804K
LiabilitiesLn 26$0
Net assetsLn 32$804K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$154K$804K
Total assetsLn 16$154K$804K
LiabilitiesLn 26$0$0
Net assetsLn 32$154K$804K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other expenses (24a–d)Ln 24$77K$77K
Total functional expensesLn 25$80K$77K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $100K$163K−$63K$921K 990 PDF
FY2024 $0$248K−$248K$1.0M 990 PDF
FY2023 $623K$301K$323K$1.1M 990 PDF
FY2022 Viewing $730K$80K$650K$804K 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 $729,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,000$729,622
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $96,000$729,622
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 $95,018$79,618
I-18 Total expensesPrior year $95,018$79,618
I-19 Revenue less expensesPrior year $982$650,004
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
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 VIII · Statement of revenue $729,622 across 4 lines filed
VIII-1e Government grants$224,872
VIII-1f All other contributions, gifts and grants$504,750
VIII-1h Total contributions, gifts and grants$729,622
VIII-12 Total revenue$729,622
Part IX · Statement of functional expenses $79,618 across 2 lines filed
IX-11c Accounting feesManagement $2,490$2,490
IX-24 Other expenses (24a–d)Programs $77,128$77,128
IX-25 Total functional expensesPrograms $77,128 · Management $2,490 · Fundraising $0$79,618
Part X · Balance sheet $804,060 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $154,056$804,060
X-16 Total assetsStart of year $154,056$804,060
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $154,056$804,060
X-33 Total liabilities and net assetsStart of year $154,056$804,060
Part XI · Reconciliation of net assets $804,060 net assets at year end
XI-1 Total revenue$729,622
XI-2 Total expenses$79,618
XI-3 Revenue less expenses$650,004
XI-4 Net assets at start of year$154,056
XI-10 Net assets at end of year$804,060

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

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