Nonprofit · EIN 94-3386695
BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT
Tax-exempt · REDWOOD CITY, CA 94064
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,834,976 | $7,729,505 | -$1,894,529 | $6,867,390 | $517,188 | $6,350,202 |
| June 30, 2024 | 990 | $5,875,056 | $11,832,039 | -$5,956,983 | $8,798,826 | $441,087 | $8,357,739 |
| June 30, 2023 | 990 | $8,332,306 | $12,215,880 | -$3,883,574 | $15,024,895 | $714,404 | $14,310,491 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,531,757
- Program service revenue
- $361,625
- Investment income
- $211,367
- Net gain from sales of assets
- $20,923
- Net income from fundraising events
- -$269,773
- Other revenue
- -$269,773
Expenses
- Grants and similar amounts paid
- $221,173
- Compensation of officers, directors and key employees
- $502,159
- Other salaries and wages
- $3,787,467
- Salaries, compensation and benefits (total)
- $5,290,397
- Professional fundraising fees
- $72,112
- Accounting fees
- $52,973
- Occupancy
- $91,858
- Travel
- $133,319
- Depreciation
- $324,400
- Program services (functional)
- $4,888,887
- Management and general (functional)
- $1,432,706
- Fundraising (functional)
- $1,407,912
Balance sheet and other
- Total assets, start of year
- $8,798,826
- Total assets, end of year
- $6,867,390
- Total liabilities, end of year
- $517,188
- Net assets, end of year
- $6,350,202
- Land, buildings and equipment
- $461,871
- Publicly traded securities
- $2,922,205
- Net assets without donor restrictions
- $4,263,540
- Net assets with donor restrictions
- $2,086,662
- Gross receipts
- $6,522,054
- Employees
- 110
- Volunteers
- 483
- Year formed
- 1999
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THAIS REZENDE | PRESIDENT & INTERIM CEO Trustee or director, Officer | 50 | $230,880 | $12,315 |
| SYBIL MIMY-WELLS | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $231,012 | $2,045 |
| DESIREE FORD | CFOO Trustee or director, Officer | 50 | $211,193 | $15,733 |
| RYAN OLIVER | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $152,693 | $17,372 |
| BETSY NEPTUNE-COWAN | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $139,295 | $20,570 |
| PAMELA MINETTI | DIRECTOR OF PHILANTHROPY Highest-paid employee | 50 | $128,339 | $24,291 |
| ROY SURUKI | DIRECTOR OF FINANCE Highest-paid employee | 50 | $125,279 | $18,778 |
| DAVID PEINSIPP | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROY HIRSHLAND | BOARD CHAIR (THRU 2/25) Trustee or director, Officer | 2 | $0 | $0 |
| AJAY AGARWAL | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JON KANTER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DOUG BRIEN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MATT FLANAGAN | MEMBER Trustee or director | 2 | $0 | $0 |
| DORA GOUGOUFKAS | MEMBER Trustee or director | 2 | $0 | $0 |
| ELDRIDGE GRAY | MEMBER Trustee or director | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAGAN KANJLIA | MEMBER Trustee or director | 1 | $0 |
| SUZANNE MCKECHNIE KLAHR | MEMBER Trustee or director | 1 | $0 |
| DAVID LI | MEMBER Trustee or director | 2 | $0 |
| MICHAEL PORTEGELLO | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THAIS REZENDE | PRESIDENT & INTERIM CEO Trustee or director, Officer | 50 | $235,302 | $21,984 |
| BILL TAYLOR | CEO (THRU 2/24) Trustee or director, Officer | 50 | $230,865 | $18,147 |
| DESIREE FORD | CFOO Trustee or director, Officer | 50 | $194,203 | $17,377 |
| EDWARD WILSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 50 | $196,100 | $6,095 |
| SYBIL MIMY-WELLS | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $191,954 | $2,917 |
| SUE DALELLO | SR NAT'L DIR, OFFICES OF CEO & PRES. Highest-paid employee | 50 | $168,375 | $21,968 |
| BRIAN COSTANZO | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 50 | $151,902 | $34,587 |
| RYAN OLIVER | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $156,178 | $20,822 |
| AYELE SHAKUR | FORMER CEO (THRU 1/23) Former | 50 | $70,417 | $500 |
| ROY HIRSHLAND | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ELDRIDGE GRAY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DOUG BRIEN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| AJAY AGARWAL | MEMBER (THRU 6/24) Trustee or director | 1 | $0 | $0 |
| AFDHEL AZIZ | MEMBER (THRU 12/23) Trustee or director | 1 | $0 | $0 |
| MOHAMED FAHMI | MEMBER (THRU 6/24) Trustee or director | 1 | $0 | $0 |
| MICHAEL FARB | MEMBER (THRU 1/24) Trustee or director | 2 | $0 | $0 |
| MATT FLANAGAN | MEMBER Trustee or director | 2 | $0 | $0 |
| DORA GOUGOUFKAS | MEMBER Trustee or director | 2 | $0 | $0 |
| KARL JACOB | MEMBER (THRU 6/24) Trustee or director | 1 | $0 | $0 |
| GAGAN KANJLIA | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID LI | MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID PEINSIPP | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL PORTEGELLO | MEMBER Trustee or director | 2 | $0 | $0 |
| TRISH WALKER | MEMBER (THRU 3/24) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AYELE SHAKUR | CEO (THRU 1/23) Trustee or director, Officer | 50 | $299,890 | $28,132 |
| THAIS REZENDE | PRESIDENT Highest-paid employee | 50 | $226,852 | $18,384 |
| DALE LEMKE | CFOO (THRU 2/23) Officer | 50 | $200,420 | $31,017 |
| SUE DALELLO | ADVISOR TO CEO Highest-paid employee | 50 | $168,716 | $20,215 |
| EDWARD WILSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 50 | $179,500 | $5,601 |
| BETSY NEPTUNE-COWAN | REGIONAL EXECUTIVE DIRECTOR Highest-paid employee | 50 | $158,208 | $16,251 |
| LYDIA PHILLIPS | DIR OF LIC P'SHIPS & ORG LEARNING Highest-paid employee | 50 | $158,166 | $11,964 |
| DESIREE FORD | CFO Officer | 50 | $0 | $0 |
| BILL TAYLOR | CEO Trustee or director, Officer | 50 | $0 | $0 |
| ROY HIRSHLAND | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MOHAMED FAHMI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DOUG BRIEN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| AJAY AGARWAL | MEMBER Trustee or director | 1 | $0 | $0 |
| AFDHEL AZIZ | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN CHINA | MEMBER (THRU 3/23) Trustee or director | 1 | $0 | $0 |
| MICHAEL FARB | MEMBER Trustee or director | 2 | $0 | $0 |
| DORA GOUGOUFKAS | MEMBER Trustee or director | 2 | $0 | $0 |
| ELDRIDGE GRAY | MEMBER Trustee or director | 1 | $0 | $0 |
| KARL JACOB | MEMBER Trustee or director | 1 | $0 | $0 |
| THERON JONES | MEMBER (THRU 12/22) Trustee or director | 1 | $0 | $0 |
| GAGAN KANJLIA | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID PEINSIPP | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL PORTEGELLO | MEMBER Trustee or director | 2 | $0 | $0 |
| GEORGE RICHARD | MEMBER (THRU 12/22) Trustee or director | 1 | $0 | $0 |
| BARATUNDE THURSTON | MEMBER (THRU 6/23) Trustee or director | 1 | $0 | $0 |
| TRISH WALKER | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3316, REDWOOD CITY, CA 94064-3316
- In care of
- % ANGELINA JAUREZ
- Principal officer (990 for 2024)
- THAIS REZENDE, PO BOX 3316, REDWOOD CITY, CA 94064
- Signed the 990
- THAIS REZENDE, PRESIDENT & INTERIM CEO
- Phone
- (650) 688-5840
- Website
- WWW.BUILD.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3386695 or by the name BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
BUILD'S MISSION IS TO IGNITE THE POWER OF YOUTH IN UNDER-RESOURCED COMMUNITIES TO BUILD CAREER SUCCESS, ENTREPRENEURIAL MINDSETS, AND OPPORTUNITY. WE HELP STUDENTS BECOME THE CEO OF THEIR OWN LIVES! BUILD FACILITATES THE LAUNCHING OF STUDENT-RUN (CONTINUED ON SCHEDULE O) SMALL BUSINESSES, VIA VIRTUAL SIMULATION AND HANDS ON LEARNING, AND TEACHES STUDENTS THE 21ST CENTURY SKILLS NEEDED TO IMPROVE THEIR ACADEMIC PERFORMANCE AND HELP THEM PREPARE FOR LIFE AFTER HIGH SCHOOL. OUR YOUTH ACQUIRE THE KNOWLEDGE, SKILLS, AND EXPERIENCE NECESSARY TO SUCCEED IN THEIR POST-SECONDARY ENDEAVOURS.
Program accomplishments
- 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.Expenses $1,836,938 · grants $83,103 · revenue $135,876
- 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.Expenses $1,836,938 · grants $83,103 · revenue $135,876
- 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.Expenses $1,215,011 · grants $54,967 · revenue $89,873
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-3386695
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $6,867,390
- Income (IRS master file)
- $6,522,054
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,834,976 | $7,729,505 | $6,867,390 | IRS |
| 990 | June 2024 | $5,875,056 | $11,832,039 | $8,798,826 | IRS |
| 990 | June 2023 | $8,332,306 | $12,215,880 | $15,024,895 | XML |
| 990 | June 2022 | $14,977,304 | $11,340,463 | $18,880,665 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3386695).
Questions about BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT
- What is the EIN of BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT?
- The employer identification number (EIN) of BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT is 94-3386695.
- Is BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names THAIS REZENDE.
- Who are the officers and directors of BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 19 people; 7 received compensation from the organization, the highest $230,880 (THAIS REZENDE, PRESIDENT & INTERIM CEO).
- How much revenue does BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,834,976, expenses of $7,729,505 and total assets of $6,867,390 at year end.
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All nonprofits in REDWOOD CITY · California · Community improvement and capacity building