Overview
What is The Build Forward Foundation?
The Build Forward Foundation is a nonprofit organization situated in the greater metro Richmond area. Its primary mission is to foster hands-on STEM (Science, Technology, Engineering, and Mathematics) engagement, with a strong emphasis on innovation, ideation, modern manufacturing, and additive manufacturing. By promoting these aspects, the foundation aims to provide valuable STEM experiences to the local community.
Official website here: www.rvabuild.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 23%
The Build Forward Foundation has received a low rating of 23%, which reflects significant concerns regarding its accountability and financial practices. Notably, it lacks independent board members, which could impact its governance and decision-making processes. Additionally, the foundation does not have a conflict of interest policy or a whistleblower policy in place, raising further questions about transparency and ethical management.
Despite some positive aspects, such as no material diversion of assets and listed documents for board meeting minutes, the organization faces serious challenges in its financial health. With a liabilities to assets ratio of 74.61% and a program expense ratio of 0.00%, there are significant concerns about the foundation's ability to effectively utilize its resources for charitable purposes.
Overall, the lack of essential policies and poor financial metrics suggest that potential donors should exercise caution. The Build Forward Foundation may need to address its governance issues and improve its financial management practices to gain the trust of stakeholders and fulfill its mission more effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Build Forward Foundation?
94% of 14 reviewers on Facebook recommend The Build Forward Foundation. Here is a summary of their reviews:
Many users appreciate the innovative business model and the welcoming atmosphere of the space, indicating that it creates a positive experience for visitors. Reviewers express enthusiasm for the foundation's mission, highlighting its effectiveness in fulfilling its goals.
Overall, the positive sentiment reflects a strong approval of the foundation’s initiatives and the environment it fosters, proving that it resonates well with the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is The Build Forward Foundation legitimate?
The Build Forward Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Build Forward Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.rvabuild.com
What is the mission statement of The Build Forward Foundation?
The Build Forward Foundation's mission is centered around promoting hands-on access to STEM education in a broader metropolitan area, with a particular focus on innovation, ideation, modern manufacturing, and additive manufacturing. Their goal is to encourage and facilitate these areas, aiming to foster a culture of innovation and technological advancement.
Official website here: www.rvabuild.com
What is the revenue of The Build Forward Foundation?
The Build Forward Foundation's revenue in 2024 was $190,069.
Official website here: www.rvabuild.com
Who are the executives of The Build Forward Foundation and what are their salaries?
There 13 volunteers at The Build Forward Foundation.
Here are 12 key members and their salaries:
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Official website here: www.rvabuild.com
Where can I find the form 990EZ for The Build Forward Foundation?
The Build Forward Foundation's most recent form 990EZ was submitted in 2024 and can be accessed here.
Official website here: www.rvabuild.com
Learn more at the official website: www.rvabuild.com
Mission Statement of The Build Forward Foundation
The Build Forward Foundation, a nonprofit organization, is dedicated to promoting hands-on STEM access in the greater metro Richmond area. With a focused approach, this foundation emphasizes innovation and ideation, modern manufacturing, and additive manufacturing. By fostering these areas, its mission is to encourage and inspire the local community, especially in the field of STEM.
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Impact
October, 2024
The Build Forward Foundation significantly impacts the greater Richmond area by enhancing access to hands-on STEM education. By focusing on innovation, ideation, and modern manufacturing practices—particularly additive manufacturing—the foundation cultivates a new generation of thinkers and creators. Participants engage directly with cutting-edge technologies and methodologies, fostering skills that are essential in today's rapidly evolving job market. This initiative not only empowers individuals with practical experience but also stimulates local economic growth and technological advancement, positioning Richmond as a hub for innovation and creativity in the STEM fields.
This information is meant to be a general summary of The Build Forward Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $208
- Program Service Revenue: $185,161
- Gross Receipts: $190,069
Assets and Liabilities:
- Total Assets: $201,019
- Total Liabilities: $150,000
- Net Assets: $51,019
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Organization Details
Founding Year
2017
Principal Officer
Alexander Casas
Website
www.rvabuild.comNTEE Category
Code: B12 - Education
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