Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 2,040,811 | 2,534,973 | 2,635,080 | 3,106,235 | 3,490,769 | 13,807,868 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 2,040,811 | 2,534,973 | 2,635,080 | 3,106,235 | 3,490,769 | 13,807,868 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 2,347,451 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 11,460,417 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 2,040,811 | 2,534,973 | 2,635,080 | 3,106,235 | 3,490,769 | 13,807,868 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 13 | 5 | 2 | 1 | 22,175 | 22,196 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 8,378 | 17,379 | 1,772 | 19,813 | 47,342 | |
| 11 | Total support. Add lines 7 through 10 | 13,877,406 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2019 AMOUNT: $ 8,378. 2020 AMOUNT: $ 17,379. 2021 AMOUNT: $ 1,772. 2022 AMOUNT: $ 4,813. INSURANCE SETTLEMENT - 2022 AMOUNT: $ 15,000. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| BUILDING FUTURES ALSO PARTNERED WITH THE RHODE ISLAND BUILDING & | CONSTRUCTION TRADES COUNCIL AND LOCAL AREA HIGH SCHOOLS TO OFFER A MULTI CORE CRAFT PRE-APPRENTICESHIP CURRICULUM (MC3) DEVELOPED BY NORTH AMERICA'S BUILDING TRADES UNIONS. THIS CURRICULUM INCLUDES CAREER AND TECHNICAL EDUCATION (CTE) PATHWAYS TO REGISTERED APPRENTICESHIP. CURRENTLY, 33 HIGH SCHOOL STUDENTS ARE ENROLLED IN THE MC3 IN THREE DIFFERENT CTE PATHWAYS AT PROVIDENCE CAREER AND TECHNICAL ACADEMY. IN THIS FISCAL YEAR, 31 STUDENTS EARNED THE MC3 AND, TO DATE, 114 HIGH SCHOOL STUDENTS HAVE EARNED THE NABTU CERTIFICATION WITH 41 ENTERING REGISTERED APPRENTICESHIPS. BUILDING GREEN FUTURES PREPARES YOUNG ADULTS, AGES 18-24, FOR OUR RIGOROUS BF 200 CONSTRUCTION PRE-APPRENTICESHIP TRAINING, AND SUBSEQUENT ENTRY IN REGISTERED APPRENTICESHIPS. THE PROGRAM UTILIZES THE NATURAL ENVIRONMENT AS ITS TRAINING GROUND, FOCUSING ON PHYSICAL CONDITIONING AND STAMINA, AND RUDIMENTARY KNOWLEDGE OF CONSTRUCTION SKILLS AS WELL AS OVERALL CAREER READINESS. TO DATE, 54 YOUTH HAVE GAINED WORK READINESS SKILLS WHILE PARTICIPATING IN CLIMATE MITIGATION PROJECTS INCLUDING PLANTING OVER 500 TREES IN THE PROVIDENCE AREA. A TARGET OF 200 ADDITIONAL TREE PLANTINGS IS PLANNED FOR FY24. THROUGH A PARTNERSHIP WITH WOONASQUATUCKET RIVER WATERSHED COUNCIL (WRWC), BUILDING FUTURES IS PLANNING A LOCAL URBAN TREE NURSERY THAT WILL INCREASE THE PROGRAM'S IMPACT. A 10-YEAR LAND USE AGREEMENT HAS BEEN SECURED WITH THE NARRAGANSETT BAY COMMISSION AND WRWC FOR AN OPEN SPACE PARCEL IN PROVIDENCE, RI, WITH PROJECT START UP SCHEDULED FOR FY24. IN FY23 BUILDING FUTURES LAUNCHED A NEW PROGRAM, BUILDING FUTURES INSIDE (BFI), A 120-HOUR CONSTRUCTION APPRENTICESHIP READINESS PROGRAM FOR INCARCERATED INDIVIDUALS IN RHODE ISLAND'S CORRECTIONAL SYSTEM. THE PROGRAM PROVIDES ENGAGING CLASSROOM, HANDS-ON, AND THERAPEUTIC COMPONENTS TO PREPARE PARTICIPANTS TO TRANSITION TO THE BF200 PROGRAM UPON RELEASE. THE PILOT COHORT OF BFI GRADUATED 9 INDIVIDUALS AND CELEBRATED THE FIRST PERSON TO COMPLETE BOTH BFI AND BF200 AND ENTER A TRADE APPRENTICESHIP. ENROLLMENT IS SCHEDULED TO INCREASE DURING FY 24. BEGUN IN LATE FY23 AND CONTINUING IN FY24, BUILDING FUTURES PARTNERED WITH THE RI DLT, RI BUILDING TRADES AND RSTED TO DEVELOP A NEW WORKFORCE TRAINING INITIATIVE TO TRAIN AND CERTIFY 150 TRADESPEOPLE IN PREPARATION FOR WORK ON THE OFFSHORE WIND PROJECT, REVOLUTION WIND. ALL WORKERS PERFORMING CONSTRUCTION AND MAINTENANCE WORK ON THE REVOLUTION WIND PROJECT ARE REQUIRED TO OBTAIN THE GLOBAL WIND ORGANIZATION (GWO) BASIC SAFETY TRAINING (BST) AND HUET CERTIFICATIONS. BUILDING FUTURES IS COORDINATING ENROLLMENTS AND TRAININGS THROUGH THIRD PARTIES. BUILDING FUTURES FURTHER ENHANCED ITS CONSTRUCTION-RELATED PROGRAMMING BY IMPLEMENTING A TARGETED INTERVENTION IN RESPONSE TO THE DISPROPORTIONATE IMPACT OF OPIOIDS ON THE CONSTRUCTION INDUSTRY. DESIGNED IN ALIGNMENT WITH THE GOVERNOR'S OVERDOSE PREVENTION ACTION PLAN, "RI OPIOIDS CRISIS: OUR RESPONSE. OUR RECOVERY" IS NOW PART OF BUILDING FUTURES' PRE-APPRENTICESHIP PROGRAM, AND PRESENTED TO THE MEMBERSHIP OF LOCAL CONSTRUCTION TRADE UNIONS. TO FACILITATE THIS EXPANSION IN OUR PROGRAMMING, WITH FUNDS FROM EOHHS, BUILDING FUTURES HIRED A RECOVERY DIRECTOR TO FOCUS ON INCREASING RECOVERY RESOURCES AND SUPPORTS AVAILABLE TO TRADESPEOPLE AND THOSE PREPARING TO ENTER THE TRADES. ANOTHER KEY COMPONENT OF BUILDING FUTURES' WORK IS INCREASING APPRENTICE UTILIZATION ON LARGE CONSTRUCTION PROJECTS THROUGH COLLABORATION WITH PROJECT OWNERS. BUILDING FUTURES' APPRENTICE UTILIZATION PROGRAM, OR AUP, PROVIDES A METHOD TO ENSURE THAT REGISTERED APPRENTICESHIP TRAINING OCCURS ON ACTIVE RHODE ISLAND CONSTRUCTION PROJECTS AT AN APPROPRIATE LEVEL TO MEET THE FUTURE DEMAND FOR VARIOUS BUILDING TRADES' OCCUPATIONS, BASED UPON LABOR MARKET PROJECTIONS. THROUGH THIS INITIATIVE, BUILDING FUTURES INCREASES THE NUMBER OF CONSTRUCTION COMPANIES THAT CONTRIBUTE TO WORKFORCE DEVELOPMENT BY EMPLOYING APPRENTICES AND PARTICIPATING IN THE REGISTERED APPRENTICESHIP SYSTEM. IN CONJUNCTION WITH THE ENTITIES PURCHASING CONSTRUCTION SERVICES (E.G. BROWN UNIVERSITY, CITY OF PROVIDENCE, ETC.), BUILDING FUTURES PROVIDES TECHNICAL ASSISTANCE TO AND MONITORING OF TRADE CONTRACTORS OF ALL TIERS TO ENSURE THAT THEIR APPRENTICE UTILIZATION TARGETS AND LOCAL HIRING GOALS ARE REACHED. AUP ACTIVITIES TAKE PLACE ACROSS THE STATE OF RHODE ISLAND. TO DATE, 133 PROJECTS HAVE HAD SOME FORM OF APPRENTICE UTILIZATION PROGRAM IN PLACE. THE AUP PROGRAM HELPS INCREASE THE NUMBER OF ACTIVE REGISTERED APPRENTICES BEING TRAINED IN CONSTRUCTION OCCUPATIONS ON CURRENT AND FUTURE PROJECTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS THEN REVIEWED BY THE BOARD TREASURER AND THE FINANACE COMMITTEE PRIOR TO DISTRIBUTION TO ALL BOARD MEMBERS FOR THEIR REVIEW. ONCE THE FORM 990 IS APPROVED BY THE BOARD, THE RETURN IS THEN FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH COVERS OFFICERS, DIRECTORS, AND EMPLOYEES WHO ARE REQUIRED TO ANNUALLY SIGN A STATEMENT AND DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THESE PERSONS MUST ALSO DISCLOSE ANY POTENTIAL DIRECT OR INDIRECT FINANCIAL INTEREST THAT MAY AFFECT HIS OR HER CONDUCT AS THEY ARISE. CONFLICTS ARE DETERMINED BY THE GOVERNING BOARD, AND THE INTERESTED PERSON MUST RECUSE HIMSELF OR HERSELF FROM ANY DEBATE, DECISION, OR OTHER ACTION REGARDING THE MATTER. MINUTES FROM THE BOARD MEETINGS WILL CONTAIN A) THE NAMES OF THE PERSONS WHO DISCLOSED OR WERE OTHERWISE FOUND TO HAVE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE CONFLICT, ANY ACTION TAKEN TO CONFIRM THE EXISTENCE OF THE CONFLICT, AND THE GOVERNING BOARD'S DECISION REGARDING THE EXISTENCE OF THE CONFLICT, AND B) THE NAMES OF THE PARTICIPANTS IN THE DISCUSSIONS AND VOTES RE: THE TRANSACTION OR ARRANGEMENT THAT IS THE SUBJECT OF THE CONFLICT INVESTIGATION, ANY DISCUSSION AND DECISIONS AS TO ALTERNATIVES TO SAID TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS. THEY UTILIZE MARKET COMPARABILITY DATA WITHIN RHODE ISLAND AND THE NEW ENGLAND REGION, AS WELL AS INDIVIDUAL JOB PERFORMANCE IN MAKING THEIR DETERMINATION. THE COMPENSATION IS APPROVED BY THE BOARD AND THEIR DECISION IS DOCUMENTED IN THE ORGANIZATION'S PERSONNEL FILES. THE PROCESS WAS LAST UNDERTAKEN IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: THE COMPENSATION OF THE FINANCE & OPERATIONS DIRECTOR IS DETERMINED BY THE EXECUTIVE DIRECTOR WHO USES COMPARABILITY DATA OF SIMILAR NONPROFITS IN RHODE ISLAND AND THE NEW ENGLAND REGIONS. THE COMPENSATION DETERMINATION IS DOCUMENTED IN THE ORGANIZATION'S PERSONNEL FILES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES & CONSULTANTS: PROGRAM SERVICE EXPENSES 149,811. MANAGEMENT AND GENERAL EXPENSES 73,688. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,499. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,557. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,557. ALARM SERVICE: PROGRAM SERVICE EXPENSES 382. MANAGEMENT AND GENERAL EXPENSES 217. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 599. THIRD PARTY TRAINERS: PROGRAM SERVICE EXPENSES 200,260. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,260. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS A COMMITTEE OF THE BOARD OF DIRECTORS THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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| Software Version: |