Foundation for Building FY2023 filing

Tax-deductible

Albuquerque, NM501(c)(3)Since 1999EducationEIN 85-0463453Revenue $367K in FY2023

On file with the IRSthefoundationforbuilding.org7800 Headline Blvd Ne Unit 1130, 87109-4599 · Albuquerque, NMTax-exempt since Sep 1999Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $111K a year · 29% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 30.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$367K
+58% vs prior year
Spent
$244K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$367K
FY2023▲ +58%
Revenue by fiscal year
FY2020$415K
FY2021$358K
FY2022$232K
FY2023$367K
FY2024$461K
FY2025$427K
Expenses
$244K
FY2023▲ +10%
Expenses by fiscal year
FY2020$230K
FY2021$239K
FY2022$221K
FY2023$244K
FY2024$263K
FY2025$399K
Net assets
$1.3M
FY2023▲ +11%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M
FY2025$1.5M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Sep 1999.

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% · $244K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Presidentexec Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

James Folkman’s $36K as Presidentexec Director is at the 28th 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2021FY2020
James Folkman$35,993$33,333$39,024$39,016
Steve Hale$14,223$27,924—$16,842

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.

See Foundation for Building executive salaries →

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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

Foundation for Building is an education nonprofit based in Albuquerque, NM, formed in 1999.

Provided by the organization

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1 program · $244K · in their own filed words · FY2023
01

Foundation for Building provides technical training to property owners, builders, and remodelers, and education to the general public on the attributes and value of constructing and renovating energy-efficient and green structures withing the built-environment and provides broad-based support to a wide range of substainablitity programs.

$244Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$367K
Ln 12
Fees for servicesLn 2g$245K
Other incomeLn 4–11$71K
Investment incomeLn 3$51K
Money outPt IX
$244K
Ln 25
Programscol B$244K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$621K
Total assetsLn 16$1.3M
LiabilitiesLn 26$39K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112
Government grantsLn 1e$112
Fees for servicesLn 2g$245K
Investment incomeLn 3$51K
Other incomeLn 4–11$71K
Gains on assetsLn 7$32K
Total revenueLn 12$367K
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$487K
Cash and savings togetherLn 1–2$621K
InvestmentsLn 11–13$711K
Total assetsLn 16$1.3M
LiabilitiesLn 26$39K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$523K$621K
InvestmentsLn 11–13$651K$711K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$4K$39K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$37K
Accounting feesLn 11c$15K$15K
Investment management feesLn 11f$7K$7K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$169K$169K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$244K$244K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $427K$399K$27K$1.5M 990 PDF
FY2024 $461K$263K$198K$1.5M 990 PDF
FY2023 Viewing $367K$244K$124K$1.3M 990 PDF
FY2022 $232K$221K$11K$1.2M 990 PDF
FY2021 $358K$239K$119K$1.2M 990 PDF
FY2020 $415K$230K$185K$1.0M 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 FY2023 990 (6 parts)
Part I · Summary $367,375 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $138$112
I-9 Program service revenuePrior year $369,185$244,844
I-10 Investment incomePrior year −$100,406$51,055
I-11 Other revenuePrior year −$36,454$71,364
I-12 Total revenuePrior year $232,463$367,375
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,891$36,940
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $182,184$206,589
I-18 Total expensesPrior year $221,075$243,529
I-19 Revenue less expensesPrior year $11,388$123,846
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $367,375 across 7 lines filed
VIII-1e Government grants$112
VIII-1h Total contributions, gifts and grants$112
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244,844$244,844
VIII-3 Investment incomeRelated to mission $19,147$19,147
VIII-7 Net gain or loss on sales of assetsRelated to mission $31,908$31,908
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $71,364$71,364
VIII-12 Total revenueRelated to mission $367,263 · Unrelated business $0 · Excluded from tax $0$367,375
Part IX · Statement of functional expenses $243,529 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,940$36,940
IX-11c Accounting feesPrograms $15,143$15,143
IX-11f Investment management feesPrograms $7,111$7,111
IX-17 TravelPrograms $3,100$3,100
IX-22 Depreciation, depletion and amortizationPrograms $1,842$1,842
IX-23 InsurancePrograms $3,825$3,825
IX-24 Other expenses (24a–d)Programs $169,467$169,467
IX-24e All other expensesPrograms $6,101$6,101
IX-25 Total functional expensesPrograms $243,529 · Management $0 · Fundraising $0$243,529
Part X · Balance sheet $1,331,688 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $191,602$133,141
X-2 Savings and temporary cash investmentsStart of year $330,902$487,398
X-4 Accounts receivableStart of year $121$192
X-11 Publicly traded securitiesStart of year $650,525$710,957
X-16 Total assetsStart of year $1,173,150$1,331,688
X-17 Accounts payable and accrued expensesStart of year $4,326$39,018
X-26 Total liabilitiesStart of year $4,326$39,018
X-27 Net assets without donor restrictionsStart of year $1,168,824$1,292,670
X-32 Total net assets or fund balancesStart of year $1,168,824$1,292,670
X-33 Total liabilities and net assetsStart of year $1,173,150$1,331,688
Part XI · Reconciliation of net assets $1,292,670 net assets at year end
XI-1 Total revenue$367,375
XI-2 Total expenses$243,529
XI-3 Revenue less expenses$123,846
XI-4 Net assets at start of year$1,168,824
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,292,670

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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