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)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 2,635,080 | 3,106,235 | 3,490,769 | 5,159,354 | 5,053,160 | 19,444,598 |
| 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 | 2,635,080 | 3,106,235 | 3,490,769 | 5,159,354 | 5,053,160 | 19,444,598 |
| 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) .. | 5,231,190 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 14,213,408 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 2,635,080 | 3,106,235 | 3,490,769 | 5,159,354 | 5,053,160 | 19,444,598 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 2 | 1 | 22,175 | 59,396 | 108,558 | 190,132 |
| 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.).. | 17,379 | 1,772 | 19,813 | 4,272 | 12,553 | 55,789 |
| 11 | Total support. Add lines 7 through 10 | 19,690,519 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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 2024 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-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, 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 2024. 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 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2020 AMOUNT: $ 17,379. 2021 AMOUNT: $ 1,772. 2022 AMOUNT: $ 4,813. 2023 AMOUNT: $ 4,272. 2024 AMOUNT: $ 12,553. INSURANCE SETTLEMENT - 2022 AMOUNT: $ 15,000. |
| Software ID: | |
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| Return Reference | Explanation |
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| IN ITS ROLE AS A CONSTRUCTION INDUSTRY INTERMEDIARY, BUILDING FUTURES | COORDINATES INTERVENTIONS IN RESPONSE TO THE DISPROPORTIONATE IMPACT OF OPIOIDS ON CONSTRUCTION WORKERS. DESIGNED IN ALIGNMENT WITH THE GOVERNOR'S OVERDOSE PREVENTION ACTION PLAN, "RI OPIOIDS CRISIS: OUR RESPONSE. OUR RECOVERY" IS INTEGRATED INTO BF200 PRE-APPRENTICESHIP AND PRESENTED TO THE MEMBERSHIP OF LOCAL TRADE UNIONS. WITH FUNDS FROM EOHHS, BUILDING FUTURES DEVELOPS RECOVERY RESOURCES FOR TRADESPEOPLE AND THOSE ENTERING THE TRADES, INCLUDING BY TRAINING WORKERS TO SERVE AS RECOVERY PEERS AND RECOVERY ALLIES, BOTH OF WHICH OFFER SUPPORT TO TRADESPEOPLE WITH SUBSTANCE USE DISORDERS. BUILDING FUTURES ALSO OFFERS DIRECT CLINICAL SUPPORT AND REFERRAL TO TREATMENT FOR INDIVIDUALS EXPERIENCING SUD. TO DATE, THIS CAMPAIGN HAS REACHED APPROXIMATELY 2,300 WORKERS ACROSS DOZENS OF JOBSITES AND HAS INCLUDED THE DISTRIBUTION OF 1,800 NALOXONE KITS, 270 HOURS OF CLINICAL SUPPORT, AND 24 TREATMENT REFERRALS. WE HAVE ALSO OFFERED 18 TRAINING SESSIONS ON RECOVERY SUPPORT AND PREVENTION, REACHING UNION MEMBERS AND BUILDING FUTURES PARTICIPANTS ALIKE. ANOTHER KEY COMPONENT OF BUILDING FUTURES' WORK IS INCREASING APPRENTICE UTILIZATION ON LARGE CONSTRUCTION PROJECTS THROUGH COLLABORATION WITH PROJECT OWNERS. THE APPRENTICE UTILIZATION PROGRAM (AUP) PROVIDES A METHOD TO ENSURE THAT REGISTERED APPRENTICESHIP TRAINING OCCURS ON ACTIVE RHODE ISLAND CONSTRUCTION PROJECTS AT AN APPROPRIATE LEVEL TO MEET DEMAND FOR VARIOUS TRADE OCCUPATIONS, BASED ON LABOR MARKET PROJECTIONS. THROUGH AUP, 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 ENTITIES PURCHASING CONSTRUCTION SERVICES (E.G., BROWN UNIVERSITY, CITY OF PROVIDENCE, ETC.), BUILDING FUTURES PROVIDES TECHNICAL ASSISTANCE TO TRADE CONTRACTORS OF ALL TIERS AND MONITORS THEIR PROGRESS TOWARD APPRENTICE UTILIZATION AND LOCAL HIRING GOALS. ACTIVITIES TAKE PLACE ACROSS THE STATE TO INCREASE THE NUMBER OF ACTIVE REGISTERED APPRENTICES ON CURRENT AND FUTURE PROJECTS. AUP BROUGHT ON 20 NEW PROJECTS IN FY25; TO DATE, 184 PROJECTS HAVE HAD SOME FORM OF AUP IN PLACE. THIS YEAR, AUP ALSO BEGAN INCORPORATING TRADESWOMEN UTILIZATION INTO ITS MONITORING ACTIVITIES AS PART OF BUILDING FUTURES' GROWING INITIATIVE TO INCREASE TRADESWOMEN RECRUITMENT, RETENTION, AND ADVANCEMENT. |
| 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 FINANCE 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 PRESIDENT & CEO 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 2025. FORM 990, PART VI, SECTION B, LINE 15B: THE COMPENSATION OF THE DIRECTOR OF FINANCE & DIRECTOR OF OPERATIONS IS DETERMINED BY THE PRESIDENT & CEO 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 | PROGRAM SERVICE CONSULTANTS: PROGRAM SERVICE EXPENSES 189,836. MANAGEMENT AND GENERAL EXPENSES 25,365. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,201. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,730. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,730. ALARM SERVICE: PROGRAM SERVICE EXPENSES 412. MANAGEMENT AND GENERAL EXPENSES 63. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 475. OFFSHORE WIND TRAINING: PROGRAM SERVICE EXPENSES 231,555. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 231,555. |
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