Buildout California

Not tax-deductible

San Francisco, CA501(c)(6)Community DevelopmentEIN 85-2666018Revenue $508K in FY2024

On file with the IRSbuildoutcalifornia.org350 Townsend Street 862, 94107-1697 · San Francisco, CATax-exempt since Feb 2021

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Advotates for lesbian/gay/transgender (lgbt) businesses and our allies, at every level of government and business affairs.

Run by 71 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $10K a year · 3% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$85K
386% of total assets
Concern: liabilities are 386% of assets; over 80%.
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
$508K
+75% vs prior year
Spent
$512K
To programs
0%
Net assets
−$63K
By yearFY2021–FY2024
Revenue
$508K
FY2024▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2021$167K
FY2022$396K
FY2023$290K
FY2024$508K
Expenses
$512K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$162K
FY2022$393K
FY2023$336K
FY2024$512K
Net assets
−$63K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$5K
FY2022$3K
FY2023−$60K
FY2024−$63K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2021.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Buildout California 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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Advocates for LGBTQ+ businesses and allies with government and business leaders.

Questions for Buildout California

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Provided by the organization

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3 programs · $463K · in their own filed words · FY2024
01

Connected historically underutilized businesses/certified firms, and allies, with key decision makers within the procurement pipeline who are building winning teams for contract pursuits and the appropriate entities who are issuing contracts for bidding.

$404Kprogram expense
02

Provided customized, one-on-one technical assistance so that historically underutilized businesses, and our allies can more effectively compete for contract opportunities (pre-award) and then ensure that once successful, the firm has the support it needs (post-award) to successfully deliver the contract while building economic vitality…

$47Kprogram expense
03

Continued advocacy with Economic Impact Programming for the California Public Utilities Commission within the pre-established aspirational utilization goal for historically underutilized certified firms in 2024. Organized aspirational collaborations with key government agencies at the local, state and federal levels.

$13Kprogram 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 1 funder$50K
Grants paid · 6 grants · $60K · 2021–2024
Construction Inclusion WeekCA · FY2024$10,000
Equality CaliforniaCA · FY2024$7,500
Acg of CaliforniaFY2022$5,300
Individual RecipientFY2021$18,808

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$508K
Ln 12
Fees for servicesLn 2g$363K
Gifts and grantsLn 1h$145K
Money outPt IX
$512K
Ln 25
Owns and owesPt X
−$63K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$85K
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$145K
Fees for servicesLn 2g$363K
Gains on assetsLn 7$0
Total revenueLn 12$508K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$0
Cash and savings togetherLn 1–2$22K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$22K
LiabilitiesLn 26$85K
Net assetsLn 32−$63K
OperationsPt I, VI
EmployeesI 50
VolunteersI 671
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 FY24End FY24
Cash and savingsLn 1–2$95$22K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$95$22K
LiabilitiesLn 26$60K$85K
Net assetsLn 32−$60K−$63K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$7K
Accounting feesLn 11c$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$17K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$210
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$49K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$340K
All other expensesLn 24e$46K
Total functional expensesLn 25$512K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $508K$512K−$3K−$63K 990 PDF
FY2023 $290K$336K−$46K−$60K 990 PDF
FY2022 $396K$393K$3K$3K 990 PDF
FY2021 $167K$162K$5K$5K 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 FY2024 990 (6 parts)
Part I · Summary $508,437 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,254$145,487
I-9 Program service revenuePrior year $257,500$362,950
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $289,754$508,437
I-13 Grants and similar amounts paidPrior year $7,500$36,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $328,112$475,803
I-18 Total expensesPrior year $335,612$511,803
I-19 Revenue less expensesPrior year −$45,858−$3,366
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 $508,437 across 9 lines filed
VIII-1f All other contributions, gifts and grants$145,487
VIII-1h Total contributions, gifts and grants$145,487
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $362,950$362,950
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $362,950$508,437
Part IX · Statement of functional expenses $511,803 across 31 lines filed
IX-1 Grants to domestic organizations$36,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$7,407
IX-11c Accounting fees$12,030
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$16,829
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$210
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$49,192
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$3,800
IX-24 Other expenses (24a–d)$340,169
IX-24e All other expenses$46,166
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$511,803
Part X · Balance sheet $21,948 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $95$21,948
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $95$21,948
X-26 Total liabilitiesStart of year $59,598$84,817
X-32 Total net assets or fund balancesStart of year −$59,503−$62,869
X-33 Total liabilities and net assetsStart of year $95$21,948
Part XI · Reconciliation of net assets −$62,869 net assets at year end
XI-1 Total revenue$508,437
XI-2 Total expenses$511,803
XI-3 Revenue less expenses−$3,366
XI-4 Net assets at start of year−$59,503
XI-10 Net assets at end of year−$62,869

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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