Building Tomorrow Foundation

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To provide scholarships to graduate level students in the commercial real estate industry.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-2683699) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
6¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Spent on programs
6%
of spending
6% of spending went to programs.
Pt IX · Ln 25 · col B
10.5 mo
of spending, in cash
10.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$148K
46% of total assets
Liabilities are 46% of assets.
Pt X · Ln 26
Independent board members
0
of 1 voting members
None of 1 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$326K
+703% vs prior year
Spent
$190K
To programs
6%
Net assets
$176K
By yearFY2023–FY2024
Revenue
$326K
FY2024▲ +703%
Tap a bar for its year
Revenue by fiscal year
FY2023$41K
FY2024$326K
Net assets
$176K
FY2024▲ +335%
Tap a bar for its year
Net assets by fiscal year
FY2023$41K
FY2024$176K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2023.

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

Where the money goes

6 cents of each dollar spent went to programs.

Program services 6% · $12K Management & general 7% · $14K Fundraising 86% · $164K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Building Tomorrow 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 15aNo

Programs and updates

Funds graduate students pursuing careers in commercial real estate.

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1 program · $12K · in their own filed words · FY2024
01

To provide graduate level scholarships for students in Commercial Real Estate

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-2683699) · Dispute this line
$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$36K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$326K
Money outPt IX
$190K
Ln 25
Programscol B$12K
Managementcol C$14K
Fundraisingcol D$164K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$324K
LiabilitiesLn 26$148K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$326K
Gains on assetsLn 7$0
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
Pledges and grants receivableLn 3$157K
Total assetsLn 16$324K
LiabilitiesLn 26$148K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$41K$167K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$41K$324K
LiabilitiesLn 26$0$148K
Net assetsLn 32$41K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 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$5K$5K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$164K$164K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$568$568
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$0
Information technologyLn 14$903$903
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$190K$12K$14K$164K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Feb 13, 2025 $326K$190K$136K$176K 990 PDF
FY2023Filed with the IRS Feb 2, 2025 $41K$41K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $325,884 revenue, 12 lines filed
I-8 Contributions and grants$325,884
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$325,884
I-13 Grants and similar amounts paid$12,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$164,375
I-17 Other expenses$13,687
I-18 Total expenses$190,062
I-19 Revenue less expenses$135,822
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $325,884 across 8 lines filed
VIII-1f All other contributions, gifts and grants$10,884
VIII-1h Total contributions, gifts and grants$325,884
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 revenue$325,884
Part IX · Statement of functional expenses $190,062 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $12,000$12,000
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 officers and key staff (Part IX, line 5)$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 feesManagement $5,000$5,000
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $164,375$164,375
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $568$568
IX-12 Advertising and promotionManagement $7,216$7,216
IX-13 Office expenses$0
IX-14 Information technologyManagement $903$903
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $12,000 · Management $13,687 · Fundraising $164,375$190,062
Part X · Balance sheet $323,966 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $40,573$167,008
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$156,958
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans 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 $40,573$323,966
X-17 Accounts payable and accrued expenses$102,571
X-23 Secured mortgages and notes payable$45,000
X-26 Total liabilitiesStart of year $0$147,571
X-31 Retained earnings or endowmentStart of year $40,573$176,395
X-32 Total net assets or fund balancesStart of year $40,573$176,395
X-33 Total liabilities and net assetsStart of year $40,573$323,966
Part XI · Reconciliation of net assets $176,395 net assets at year end
XI-1 Total revenue$325,884
XI-2 Total expenses$190,062
XI-3 Revenue less expenses$135,822
XI-4 Net assets at start of year$40,573
XI-10 Net assets at end of year$176,395

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

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