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The Build Forward Foundation

Tax-deductible

Richmond, VA501(c)(3)Since 2017Education EIN 82-2947851Revenue $225K in FY2025Latest return filed Jul 23, 2026

On file with the IRSrvabuild.com3301 Rosedale Ave Ste D, 23230-4233 · Richmond, VATax-exempt since Oct 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To promote hands-on STEM access for the greater metro Richmond area, with a focus on innovation & ideation, modern manufacturing, additive manufacturing, and more.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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 5
filings with a surplus
Average deficit $4K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
+25% vs prior year
Spent
$207K
To programs
100%
Net assets
$188K
By yearFY2020–FY2025
Revenue
$225K
FY2025▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$88K
FY2022$97K
FY2023$148K
FY2024$190K
FY2024$181K
FY2025$225K
Expenses
$207K
FY2025▲ ×10
Tap a bar for its year
Expenses by fiscal year
FY2020$109K
FY2021$99K
FY2022$91K
FY2023$175K
FY2024Not on file
FY2024$20K
FY2025$207K
Net assets
$188K
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$45K
FY2022$51K
FY2023$24K
FY2024$10K
FY2024$170K
FY2025$188K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $207K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Brian Davies
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Iguchi
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Andrew Nixon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Alexander Casas
Presidenttreasurer
$0Pt VII · Sec A

Seth Estep’s $38K as Chairman is at the 29th percentile of top reported officer pay among 1613 $100K–1M education 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.

See The Build Forward Foundation executive salaries →

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

Promotes hands-on STEM access and innovation through modern manufacturing in Richmond.

Questions for The Build Forward Foundation

Tap to ask. The Build Forward Foundation sees how many people are interested.

Your first name shows with your question. The Build Forward Foundation answers here, for everyone.

1 program · $207K · in their own filed words · FY2025
01

Community STEM Access

$207Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$225K
Ln 12
Fees for servicesLn 2g$218K
Gifts and grantsLn 1h$7K
Investment incomeLn 3$26
Money outPt IX
$207K
Ln 25
Programscol B$207K
Owns and owesPt X
$188K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$188K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Fees for servicesLn 2g$218K
Investment incomeLn 3$26
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Land, buildings, equipmentLn 10c$89K
Total assetsLn 16$188K
LiabilitiesLn 26$0
Net assetsLn 32$188K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$32K$60K
Land, buildings, equipmentLn 10c$45K$89K
Total assetsLn 16$170K$188K
LiabilitiesLn 26$0$0
Net assetsLn 32$170K$188K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$380$380
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$2K$2K
Information technologyLn 14$9K$9K
OccupancyLn 16$139K$139K
Depreciation, depletion and amortizationLn 22$12K$12K
Other expenses (24a–d)Ln 24$31K$31K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$207K$207K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 23, 2026 $225K$207K$18K$188K 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $190K$10K 990 PDF
FY2023Filed with the IRS Oct 15, 2024 $148K$175K−$27K$24K 990 PDF
FY2022Filed with the IRS Oct 16, 2023 $97K$91K$6K$51K 990 PDF
FY2021Filed with the IRS Oct 17, 2022 $88K$99K−$11K$45K 990 PDF
FY2020Filed with the IRS Oct 14, 2021 $102K$109K−$7K$56K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $225,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $161,654$7,062
I-9 Program service revenuePrior year $19,007$218,111
I-10 Investment income$26
I-11 Other revenue$0
I-12 Total revenuePrior year $180,661$225,199
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 $20,209$207,481
I-18 Total expensesPrior year $20,209$207,481
I-19 Revenue less expensesPrior year $160,452$17,718
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $225,199 across 6 lines filed
VIII-1f All other contributions, gifts and grants$7,062
VIII-1h Total contributions, gifts and grants$7,062
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $218,111$218,111
VIII-3 Investment incomeRelated to mission $26$26
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $218,137 · Unrelated business $0 · Excluded from tax $0$225,199
Part IX · Statement of functional expenses $207,481 across 10 lines filed
IX-11b Legal feesPrograms $380$380
IX-11c Accounting feesPrograms $1,500$1,500
IX-11g Other fees for servicesPrograms $5,740$5,740
IX-12 Advertising and promotionPrograms $4,258$4,258
IX-13 Office expensesPrograms $1,900$1,900
IX-14 Information technologyPrograms $9,069$9,069
IX-16 OccupancyPrograms $138,642$138,642
IX-22 Depreciation, depletion and amortizationPrograms $11,835$11,835
IX-24 Other expenses (24a–d)Programs $31,112$31,112
IX-24e All other expensesPrograms $3,045$3,045
IX-25 Total functional expensesPrograms $207,481 · Management $0 · Fundraising $0$207,481
Part X · Balance sheet $187,980 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,487$60,451
X-8 Inventories for sale or useStart of year $5,671$11,944
X-10c Land, buildings and equipment, netStart of year $45,442$88,807
X-14 Intangible assetsStart of year $86,662$26,778
X-16 Total assetsStart of year $170,262$187,980
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $170,262$187,980
X-32 Total net assets or fund balancesStart of year $170,262$187,980
X-33 Total liabilities and net assetsStart of year $170,262$187,980
Part XI · Reconciliation of net assets $187,980 net assets at year end
XI-1 Total revenue$225,199
XI-2 Total expenses$207,481
XI-3 Revenue less expenses$17,718
XI-4 Net assets at start of year$170,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$187,980

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

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