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Build Foundation INC FY2020 filing

IRS exemption revoked

Fort Myers, FL501(c)(3)EducationEIN 90-0995416Revenue $1K in FY2020

On file with the IRS11390 Palm Beach Boulevard, 33905-0000 · Fort Myers, FLTax-exempt since Mar 2016School — 170(b)(1)(A)(ii)

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Develop business skills and abilities in individuals managing small businesses, life enrichment such as musical and art classes, etc. The organization is in its planning stages to develop business skills and abilities in individuals managing small businesses, life enrichment suc

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $25K a year · 1374% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
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
$1.1M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1K
Spent
$30K
To programs
0%
Net assets
$217K
By yearFY2020–FY2022
Revenue
$1K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1K
FY2021$2K
FY2022$2K
Expenses
$30K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$22K
FY2022$27K
Net assets
$217K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$217K
FY2021$197K
FY2022$207K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Mar 2016.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $30K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Victor Guzman
Vice President
$0Pt VII · Sec A
Ligia Morales
President
$0Pt VII · Sec A
See Build Foundation INC 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

Teaches small business owners new skills and offers life enrichment classes like music and art.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Develop business skills and abilities in individuals managing small businesses, life enrichment such as musical and art classes.The organization is in its planning stages to develop business skills and abilities in individuals managing small businesses, life enrichment such as musical and art classes.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1K
Ln 12
Gifts and grantsLn 1h$1K
Money outPt IX
$30K
Ln 25
Managementcol C$30K
Owns and owesPt X
$217K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Total revenueLn 12$1K
Assets in detailPt X, end of year
CashLn 1$76K
Cash and savings togetherLn 1–2$76K
Land, buildings, equipmentLn 10c$737K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.1M
Net assetsLn 32$217K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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 FY20End FY20
Cash and savingsLn 1–2$71K$76K
Land, buildings, equipmentLn 10c$239K$737K
Total assetsLn 16$774K$1.3M
LiabilitiesLn 26$528K$1.1M
Net assetsLn 32$246K$217K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$900$900
OccupancyLn 16$18K$18K
Depreciation, depletion and amortizationLn 22$11K$11K
Total functional expensesLn 25$30K$0$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $2K$27K−$25K$207K 990 PDF
FY2021 $2K$22K−$21K$197K 990 PDF
FY2020 Viewing $1K$30K−$28K$217K 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 FY2020 990 (6 parts)
Part I · Summary $1,450 revenue, 12 lines filed
I-8 Contributions and grants$1,450
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$1,450
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 $9,803$29,934
I-18 Total expensesPrior year $9,803$29,934
I-19 Revenue less expensesPrior year −$9,803−$28,484
Part VI · Governance 0 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
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 $1,450 across 3 lines filed
VIII-1b Membership dues$1,450
VIII-1h Total contributions, gifts and grants$1,450
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,450
Part IX · Statement of functional expenses $29,934 across 3 lines filed
IX-11c Accounting feesManagement $900$900
IX-16 OccupancyManagement $18,282$18,282
IX-22 Depreciation, depletion and amortizationManagement $10,752$10,752
IX-25 Total functional expensesPrograms $0 · Management $29,934 · Fundraising $0$29,934
Part X · Balance sheet $1,290,298 assets, 9 lines filed
Asset lines not itemized here account for $471,414; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $70,635$76,410
X-4 Accounts receivableStart of year $5,421$5,421
X-10c Land, buildings and equipment, netStart of year $238,507$737,053
X-16 Total assetsStart of year $774,108$1,290,298
X-25 Other liabilitiesStart of year $528,400$1,073,775
X-26 Total liabilitiesStart of year $528,400$1,073,775
X-27 Net assets without donor restrictionsStart of year $245,708$216,523
X-32 Total net assets or fund balancesStart of year $245,708$216,523
X-33 Total liabilities and net assetsStart of year $774,108$1,290,298
Part XI · Reconciliation of net assets $216,523 net assets at year end
XI-1 Total revenue$1,450
XI-2 Total expenses$29,934
XI-3 Revenue less expenses−$28,484
XI-4 Net assets at start of year$245,708
XI-9 Other changes in net assets−$701
XI-10 Net assets at end of year$216,523

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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