2024-05-14T17:19:50-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 943386695 BUSINESS UNITED IN INVESTING LENDING & DEVELOPMENT BUSI 6506885840 PO BOX 3316 REDWOOD CITY CA 94064 THAIS REZENDE PRESIDENT & INTERIM CEO 6506885840 2024-05-14 1 THAIS REZENDE XXX-XX-XXXX 1 JENNIFER M VACHA P01251998 9257902600 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BUILD THAIS REZENDE PO BOX 3316 REDWOOD CITY CA 94064 8616900 0 X WWW.BUILD.ORG X 1999 CA BUILD'S MISSION IS TO USE ENTREPRENEURSHIP TO EXCITE AND PROPEL LOW-INCOME, DISENGAGED YOUTH THROUGH HIGH SCHOOL TO COLLEGE SUCCESS. BUILD IS COMMITTED TO HELPING DISADVANTAGED YOUTH IN AMERICA'S MOST UNDERSERVED COMMUNITIES GAIN THE KNOWLEDGE AND ABILITY TO PERSEVERE IN COLLEGE AND BEYOND. WHILE ACADEMIC PROFICIENCY IS NECESSARY, IT IS NOT SUFFICIENT TO PREPARE STUDENTS FOR COLLEGE AND THEIR CAREERS. THE MISSING PIECE IS FOR OUR YOUTH TO ACQUIRE 21ST CENTURY SKILLS - CRITICAL THINKING AND PROBLEM-SOLVING, SELF-DIRECTED LEARNING AND COLLABORATION - ALL OF WHICH ARE BEST LEARNED THROUGH A HANDS-ON, REAL-LIFE EXPERIENCE LIKE STARTING A BUSINESS. 14 13 141 720 0 0 14778392 7915535 190774 455391 102444 157907 -94306 -196527 14977304 8332306 208820 259395 0 0 8377100 9483128 180650 73980 1500136 2573893 2399377 11340463 12215880 3636841 -3883574 18880665 15024895 723361 714404 18157304 14310491 X BUILD'S MISSION IS TO USE ENTREPRENEURSHIP TO EXCITE AND PROPEL LOW-INCOME, DISENGAGED YOUTH THROUGH HIGH SCHOOL TO COLLEGE SUCCESS. BUILD IS COMMITTED TO HELPING DISADVANTAGED YOUTH IN AMERICA'S MOST UNDER SERVED COMMUNITIES GAIN THE KNOWLEDGE (CONTINUED ON SCHEDULE O) AND ABILITY TO PERSEVERE IN COLLEGE AND BEYOND. WHILE ACADEMIC PROFICIENCY IS NECESSARY, IT IS NOT SUFFICIENT TO PREPARE STUDENTS FOR COLLEGE AND THEIR CAREERS. THE MISSING PIECE IS FOR OUR YOUTH TO ACQUIRE 21ST CENTURY SKILLS, CRITICAL THINKING AND PROBLEM-SOLVING, SELF-DIRECTED LEARNING AND COLLABORATION - ALL OF WHICH ARE BEST LEARNED THROUGH A HANDS-ON, REAL-LIFE EXPERIENCE LIKE STARTING A BUSINESS. 0 1 718277 22170 38921 YEAR 1: BUILD YOUR BUSINESS (Y1) FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR YEAR BUILD YOUR BUSINESS STUDENTS GAIN AN INTRODUCTION TO ENTREPRENEURSHIP AND HOW BUILD WANTS THEM TO BECOME THE CEO OF THEIR OWN LIVES. THEY USE THE HUMAN-CENTERED DESIGN PROCESS TO CREATE AND PITCH AN ORIGINAL PRODUCT IDEA TO VOLUNTEER PROFESSIONALS. THEY BUILD OUT THESE IDEAS INTO BUSINESS PITCH DECKS THAT THEY PRESENT IN A CULMINATING BUSINESS PLAN COMPETITION EVENT. 718277 22170 38921 YEAR 2: BUILD YOUR VOICE (Y2) FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR YEAR IN BUILD YOUR VOICE, STUDENTS DEVELOP THEIR UNIQUE VOICE AND BRAND (BOTH PERSONAL AND BUSINESS) AS THEY CONTINUE THEIR JOURNEY TO COLLEGE, CAREER, AND LIFE SUCCESS. THEY CONTINUE BUILDING THEIR SKILLS IN PRODUCT DESIGN, MARKETING, PRODUCTION, FINANCES AND SALES, FINISHING THE YEAR WITH A SELLING EVENT AND PORTFOLIO PITCH. 6967478 215055 377549 YEAR 3: BUILD YOUR FUTURE (Y3) JUNIOR AND SENIOR YEAR BUILD YOUR FUTURE IS THE BRIDGE THAT LINKS ENTREPRENEURIAL SKILLS AND MINDSETS THAT OUR STUDENTS DEVELOP IN Y1 AND Y2 TO THEIR PATHWAYS AFTER HIGH SCHOOL. OUR Y3 STUDENTS LEARN TO BE CEOS - THEY'RE LEARNING HOW TO BE CAREER-FOCUSED, ENTERPRISING, AND OPPORTUNITY-ORIENTED. THROUGH THEIR BUILD EXPERIENCE, THEY ARE EXPANDING THEIR SOCIAL AND NAVIGATIONAL CAPITAL. THEY'RE GROWING THEIR NETWORKS, AND LEARNING HOW TO UTILIZE THESE NETWORKS AND RESOURCES TO BE PROACTIVE ABOUT THEIR FUTURE. BUILD YOUR FUTURE EMPOWERS BUILD STUDENTS TO LEARN ABOUT POTENTIAL PATHWAYS AND HOW TO ACCESS THEM. THEY ARE SETTING THEMSELVES UP TO BE SUCCESSFUL NO MATTER WHAT THEIR PATHWAY IS. 8404032 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 1 141 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA MD MA NY PA VA DC FL X X DESIREE FORD 6506885840 PO BOX 3316 REDWOOD CITY CA 94064 AYELE SHAKUR CEO (THRU 1/23) 50.00 X X 299890 0 28132 THAIS REZENDE PRESIDENT 50.00 X 226852 0 18384 DALE LEMKE CFOO (THRU 2/23) 50.00 X 200420 0 31017 SUE DALELLO ADVISOR TO CEO 50.00 X 168716 0 20215 EDWARD WILSON CHIEF DEVELOPMENT OFFICER 50.00 X 179500 0 5601 BETSY NEPTUNE-COWAN REGIONAL EXECUTIVE DIRECTOR 50.00 X 158208 0 16251 LYDIA PHILLIPS DIR OF LIC P'SHIPS & ORG LEARNING 50.00 X 158166 0 11964 DESIREE FORD CFO 50.00 X 0 0 0 BILL TAYLOR CEO 50.00 X X 0 0 0 ROY HIRSHLAND BOARD CHAIR 2.00 X X 0 0 0 MOHAMED FAHMI TREASURER 2.00 X X 0 0 0 DOUG BRIEN SECRETARY 2.00 X X 0 0 0 AJAY AGARWAL MEMBER 1.00 X 0 0 0 AFDHEL AZIZ MEMBER 1.00 X 0 0 0 JOHN CHINA MEMBER (THRU 3/23) 1.00 X 0 0 0 MICHAEL FARB MEMBER 2.00 X 0 0 0 DORA GOUGOUFKAS MEMBER 2.00 X 0 0 0 ELDRIDGE GRAY MEMBER 1.00 X 0 0 0 KARL JACOB MEMBER 1.00 X 0 0 0 THERON JONES MEMBER (THRU 12/22) 1.00 X 0 0 0 GAGAN KANJLIA MEMBER 1.00 X 0 0 0 DAVID PEINSIPP MEMBER 1.00 X 0 0 0 MICHAEL PORTEGELLO MEMBER 2.00 X 0 0 0 GEORGE RICHARD MEMBER (THRU 12/22) 1.00 X 0 0 0 BARATUNDE THURSTON MEMBER (THRU 6/23) 1.00 X 0 0 0 TRISH WALKER MEMBER 2.00 X 0 0 0 1391752 0 131564 27 0 1 0 GAMING POWER LA 9 CALLE MONTEBELLO GUAYNABO SAN JUAN RQ 00966 CONSULTING SERVICES - DIGITAL STRATEGY 619632 LUMINA CONSULTING 5645 ESTATES DRIVE OAKLAND CA 94618 PR MARKETING SERVICES 116025 HARBINGER KNOWLEDGE PRODUCTS INC 16770 NE 79TH STREET SUITE 106 REDMOND WA 98052 PROGRAM CONSULTING SERVICES 104596 3 328496 61250 7525789 103855 7915535 PROGRAM SERVICE FEES 900099 455391 455391 455391 167432 167432 60652 70177 -9525 -9525 -9525 17890 328496 214417 -196527 -196527 8332306 455391 0 -38620 259395 259395 580218 144811 291842 143565 7260958 5699480 939025 622453 111868 87811 14467 9590 845721 755196 1717 88808 684363 520134 96995 67234 46358 46358 73980 73980 21657 21657 702175 148493 267079 286603 15085 1250 1045 12790 252708 181792 62438 8478 72368 71497 834 37 139593 114987 20447 4159 229695 98519 76910 54266 324250 124292 172722 27236 51950 51950 38504 10193 28311 OTHER 241562 98150 118986 24426 APPLICATION LIC. & HOST 227447 52007 98929 76511 AWARDS 36025 36025 12215880 8404032 2311712 1500136 1600597 397235 5473574 4032077 6884706 4060559 40250 99000 5038 2560 1142719 452687 68654 690032 4766357 5684451 41489 58981 18880665 15024895 723361 714404 723361 714404 X 9602400 7725964 8554904 6584527 18157304 14310491 18880665 15024895 -3883574 36761 0 X 0 1 X 1 0 X 8862297 8842237 16172261 14778392 7915535 56570722 8862297 8842237 16172261 14778392 7915535 56570722 2309850 54260872 3245 10272 14258 92489 167432 287696 5 4 5 14 56858432 1487254 0.95430 0.84400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382176 23000 12530 11000 3400 403306 363678 25000 -6502 382176 363662 16 363678 362429 1408 175 363662 231904 129677 848 362429 1.00000 0.00000 0.00000 0 0 5478 5478 0 499247 420498 78749 637994 26711 611283 690032 X 10922826 36761 2575416 2612177 8310649 21657 21657 8332306 14769639 2575416 2575416 12194223 21657 21657 12215880 PART X, LINE 2: BUSINESSES UNITED IN INVESTING, LENDING AND DEVELOPMENT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE INCOME TAXES UNDER VARIOUS STATE CODES AND STATUTES OF CALIFORNIA, MASSACHUSETTS, MARYLAND, VIRGINIA, NEW YORK, PENNSYLVANIA AND WASHINGTON D.C. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND VARIOUS STATES. THE ORGANIZATION'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2020 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S STATE RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2019 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY VARIOUS STATE TAX BOARDS. PART V, LINE 4: THE ORGANIZATION'S POLICY IS TO BUILD THE ENDOWMENT AND ONLY TO PAY OUT FOR WILLIAM LAZIER SCHOLARSHIPS EACH YEAR OUT OF ITS BOARD DESIGNATED ENDOWMENT. ANNUALLY, ADDITIONAL FUNDS ARE DEPOSITED INTO THE ACCOUNT TO OFFSET THESE SCHOLARSHIP PAYMENTS TO ENSURE THE ORGANIZATION PROTECTS AND GROWS THE PRINCIPLE INVESTMENT. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE ORGANIZATION EXPECTS TO GROW THE GENERAL ENDOWMENT FUND AT AN AVERAGE CONSERVATIVE RETURN OF 1% TO 3% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE MODEST RETURNS ON INVESTMENT WITH THE GOAL OF CAPITAL PRESERVATION. X X X X X X X 1 CHRISTOPHER BROWN 10211 OAKTON DRIVE OAKTON VA 22124 CONSULTING SERVICES 0 0 27000 -27000 MARYANNE BLOOMFIELD 2 GLEN ROCK ROAD CEDAR GROVE NJ 07009 CONSULTING SERVICES 0 0 25000 -25000 ALTRU PHILANTHROPY ADVISORS PO BOX 159 LOCUST VALLEY NY 11560 CONSULTING SERVICES 0 0 20000 -20000 72000 -72000 CA DC MA NY MD PA VA FL FY23 NY BUILDFEST 230470 212780 17690 46479 6500 2424 FY23 BOS BUILDFEST 66301 66301 12399 25064 35734 3079 9 49615 49415 200 30163 18019 13501 21055 346386 328496 17890 42562 89562 55735 26558 214417 -196527 1 BPC AWARDS, SCHOLARSHIPS, YOUTH TEAM FUNDING, FELLOWSHIP 673 259395 COMPETITION AWARDS, SCHOLARSHIP, INCUBATOR TEAM FUNDING, FELLOWSHIP PART I, LINE 2: BUILD PROVIDES SCHOLARSHIPS AND FELLOWSHIPS TO QUALIFIED STUDENTS/ALUMNI WHO PARTICIPATE IN THE PROGRAM AND MEET ELIGIBILITY REQUIREMENTS. EACH STUDENT/ALUMNI IS REQUIRED TO COMPLETE AN APPLICATION THAT IS REVIEWED AND APPROVED BY BUILD PROGRAM STAFF. BUILD ALSO PROVIDES AWARDS TO ELIGIBLE STUDENT TEAMS PARTICIPATING IN THE PROGRAM CURRICULUM AND FINAL COMPETITION. X X 0 0 0 0 0 0 0 1 0 AYELE SHAKUR CEO (THRU 1/23) 249890 0 50000 0 0 0 8063 0 20069 0 328022 0 0 0 THAIS REZENDE PRESIDENT 210852 0 16000 0 0 0 4254 0 14130 0 245236 0 0 0 DALE LEMKE CFOO (THRU 2/23) 186020 0 14400 0 0 0 5547 0 25470 0 231437 0 0 0 SUE DALELLO ADVISOR TO CEO 156356 0 12360 0 0 0 5075 0 15140 0 188931 0 0 0 EDWARD WILSON CHIEF DEVELOPMENT OFFICER 167500 0 12000 0 0 0 5385 0 216 0 185101 0 0 0 BETSY NEPTUNE-COWAN REGIONAL EXECUTIVE DIRECTOR 149208 0 9000 0 0 0 0 0 16251 0 174459 0 0 0 LYDIA PHILLIPS DIR OF LIC P'SHIPS & ORG LEARNING 146966 0 11200 0 0 0 600 0 11364 0 170130 0 0 0 PART I, LINE 7 BONUSES ARE UNBUDGETED AND DETERMINED AT THE END OF THE YEAR ON COMPANY PERFORMANCE AND CASH AVAILABILITY. THE BOARD AT ITS DISCRETION PROVIDES BONUSES FOR EMPLOYEES THAT MEET STANDARD PERFORMANCE RELATED GOALS. X 3 63177 PUBLICLY TRADED EXCHANGE X DINNER & RECEPTION 1 39228 COMPARABLE SALES X CHOCOLATE BOXES 1 1400 COMPARABLE SALES X GIFT CARD 1 50 COMPARABLE SALES 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 3 BUILD'S FOUR YEAR PROGRAM WAS COMBINED INTO A THREE YEAR PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE COMPLETED FORM 990 ARE FORWARDED TO ALL BOARD MEMBERS. THE MANAGING DIRECTOR REVIEWS KEY AREAS WITH THE BOARD BEFORE THE FORM IS FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PRESIDENT REVIEWS THE CEO'S COMPENSATION AND ANY CHANGES IN THE CEO'S SALARY MUST BE APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE HUMAN RESOURCES MANAGER REVIEWS ALL STAFF POSITIONS AND SALARIES ON AN ANNUAL BASIS. DURING THE SURVEY THREE INDEPENDENT DATA SOURCES ARE REVIEWED: PAYSCALE, GUIDESTAR AND NORTHERN CALIFORNIA SURVEY FOR NON-PROFITS. THE COMPENSATION DATA IS THEN REVIEWED WITH THE MANAGING DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 IS AVAILABLE ON BUILD'S WEBSITE. INFORMATION IS ALSO AVAILABLE ON GUIDESTAR WEBSITE.