Building futures' mission is achieved through pre-apprenticeship training and social service supports for individuals experiencing poverty who seek careers in the Building trades through registered apprenticeship; and strategies to increase employer use of apprentices on construction projects; as well as technical assistance to non-construction employers who wish to develop, launch and operate registered apprenticeship training programs in other high growth sectors.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$221K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
6 of 6
filings with a surplus
Average surplus $635K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$221K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $215K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$539K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+4% vs prior year
Spent
$2.6M
To programs
89%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$2.7M
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$3.1M
FY2023$3.5M
FY2024$5.2M
FY2025$5.2M
Expenses
$2.6M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.4M
FY2023$2.9M
FY2024$4.2M
FY2025$4.1M
Net assets
$596K
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$521K
FY2021$596K
FY2022$1.4M
FY2023$2.0M
FY2024$3.0M
FY2025$4.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 ruling in Dec 2016.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.3M Management & general 10% · $260K Fundraising 1% · $14K

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; $221K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$127,001Pt VII · Sec A
Finance and Operations Dir
$93,686Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Cortes’s $176K as President & CEO is at the 77th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew Cortes$175,568$150,229$143,578$136,813$127,001$121,233
Rita Holahan$144,012$124,102$119,765$97,350$93,686$88,198
Ian Chase$120,123$107,012————
Maribeth Marceau$112,703$28,130————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects Rhode Islanders to family-sustaining careers through registered apprenticeships.

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Provided by the organization

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2 programs · $2.3M · in their own filed words · FY2020
01

Building futures -building futures operates a comprehensive pre-apprenticeship training program to help men and women prepare for employment in one of a dozen building trades apprenticeship programs including electricians, carpenters, plumbers, iron workers, painters, and laborers.

$1.2Mprogram expense
02

American apprenticeship initiative -apprenticeship rhode island (ari), building futures' initiative in partnership with the ri department of labor and training, is an effort to expand the use of registered apprenticeship in high growth non-construction occupations and industries.

$1.1Mprogram 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
Total grants receivedfrom 2 funders$215K
Grants paid · 43 grants · $2.1M · 2019–2024
Ftisne INCCT · FY2024$65,937
Ubc & Ja Local 330RI · FY2024$46,298
Ibew Local 99 JatcRI · FY2024$17,537
University of Rhode IslandFY2024$7,384
University of Rhode IslandFY2023$49,642
Vantage Point INCFY2022$7,448
See all 43 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.6M
Other incomeLn 4–11$17K
Investment incomeLn 3$2
Money outPt IX
$2.6M
Ln 25
Programscol B$2.3M
Managementcol C$260K
Fundraisingcol D$14K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$565K
Total assetsLn 16$1.1M
LiabilitiesLn 26$539K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$5K
Investment incomeLn 3$2
Other incomeLn 4–11$17K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$564K
SavingsLn 2$691
Cash and savings togetherLn 1–2$565K
Land, buildings, equipmentLn 10c$54K
Total assetsLn 16$1.1M
LiabilitiesLn 26$539K
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 528
VolunteersI 615
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$357K$565K
Land, buildings, equipmentLn 10c$68K$54K
Total assetsLn 16$728K$1.1M
LiabilitiesLn 26$208K$539K
Net assetsLn 32$521K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$571K$571K
Grants to domestic individualsLn 2$119K$119K
Pay of current officers, directors and key staffLn 5$250K$193K$51K$6K
Other salaries and wagesLn 7$860K$782K$77K$2K
Pension plan contributionsLn 8$23K$20K$3K$62
Other employee benefitsLn 9$81K$69K$12K$261
Payroll taxesLn 10$121K$105K$15K$661
Legal feesLn 11b$704$704
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$240K$198K$41K$2
Advertising and promotionLn 12$320$320
Office expensesLn 13$46K$38K$4K$4K
Information technologyLn 14$15K$9K$6K$55
OccupancyLn 16$84K$77K$7K$170
Conferences, conventions and meetingsLn 19$199$199
InterestLn 20$68$68
Depreciation, depletion and amortizationLn 22$15K$8K$6K$37
InsuranceLn 23$5K$612$5K
Other expenses (24a–d)Ln 24$126K$109K$17K$548
All other expensesLn 24e$4K$3K$66$1K
Total functional expensesLn 25$2.6M$2.3M$260K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$4.1M$1.1M$4.1M 990 PDF
FY2024 $5.2M$4.2M$1.0M$3.0M 990 PDF
FY2023 $3.5M$2.9M$653K$2.0M 990 PDF
FY2022 $3.1M$2.4M$756K$1.4M 990 PDF
FY2021 Viewing $2.7M$2.6M$75K$596K 990 PDF
FY2020 $2.5M$2.3M$222K$521K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,652,461 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,534,973$2,635,080
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5$2
I-11 Other revenuePrior year $8,378$17,379
I-12 Total revenuePrior year $2,543,356$2,652,461
I-13 Grants and similar amounts paidPrior year $642,577$689,539
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,248,465$1,335,620
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $429,846$552,083
I-18 Total expensesPrior year $2,320,888$2,577,242
I-19 Revenue less expensesPrior year $222,468$75,219
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,652,461 across 7 lines filed
VIII-1e Government grants$2,088,817
VIII-1f All other contributions, gifts and grants$546,263
VIII-1g Noncash contributions (included above)$5,097
VIII-1h Total contributions, gifts and grants$2,635,080
VIII-3 Investment incomeExcluded from tax $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $17,379$17,379
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,381$2,652,461
Part IX · Statement of functional expenses $2,577,242 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $570,530$570,530
IX-2 Grants to domestic individualsPrograms $119,009$119,009
IX-5 Pay of current officers, directors and key staffPrograms $193,173 · Management $51,210 · Fundraising $5,846$250,229
IX-7 Other salaries and wagesPrograms $782,348 · Management $76,539 · Fundraising $1,544$860,431
IX-8 Pension plan contributionsPrograms $20,132 · Management $2,978 · Fundraising $62$23,172
IX-9 Other employee benefitsPrograms $69,123 · Management $11,748 · Fundraising $261$81,132
IX-10 Payroll taxesPrograms $105,382 · Management $14,613 · Fundraising $661$120,656
IX-11b Legal feesManagement $704$704
IX-11c Accounting feesManagement $16,205$16,205
IX-11g Other fees for servicesPrograms $198,150 · Management $41,348 · Fundraising $2$239,500
IX-12 Advertising and promotionPrograms $320$320
IX-13 Office expensesPrograms $38,242 · Management $4,457 · Fundraising $3,512$46,211
IX-14 Information technologyPrograms $9,372 · Management $5,553 · Fundraising $55$14,980
IX-16 OccupancyPrograms $77,050 · Management $6,767 · Fundraising $170$83,987
IX-19 Conferences, conventions and meetingsFundraising $199$199
IX-20 InterestManagement $68$68
IX-22 Depreciation, depletion and amortizationPrograms $8,428 · Management $6,095 · Fundraising $37$14,560
IX-23 InsurancePrograms $612 · Management $4,555$5,167
IX-24 Other expenses (24a–d)Programs $108,569 · Management $16,965 · Fundraising $548$126,082
IX-24e All other expensesPrograms $2,801 · Management $66 · Fundraising $1,233$4,100
IX-25 Total functional expensesPrograms $2,303,241 · Management $259,871 · Fundraising $14,130$2,577,242
Part X · Balance sheet $1,135,168 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $355,155$564,174
X-2 Savings and temporary cash investmentsStart of year $2,317$691
X-3 Pledges and grants receivableStart of year $287,854$502,630
X-9 Prepaid expenses and deferred chargesStart of year $14,830$13,971
X-10c Land, buildings and equipment, netStart of year $68,262$53,702
X-16 Total assetsStart of year $728,418$1,135,168
X-17 Accounts payable and accrued expensesStart of year $204,877$432,688
X-19 Deferred revenueStart of year $0$106,251
X-25 Other liabilitiesStart of year $2,963$432
X-26 Total liabilitiesStart of year $207,840$539,371
X-27 Net assets without donor restrictionsStart of year $346,695$350,490
X-28 Net assets with donor restrictionsStart of year $173,883$245,307
X-32 Total net assets or fund balancesStart of year $520,578$595,797
X-33 Total liabilities and net assetsStart of year $728,418$1,135,168
Part XI · Reconciliation of net assets $595,797 net assets at year end
XI-1 Total revenue$2,652,461
XI-2 Total expenses$2,577,242
XI-3 Revenue less expenses$75,219
XI-4 Net assets at start of year$520,578
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$595,797

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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