Overview
What is Build Foundation Inc?
Build Foundation Inc is a nascent nonprofit organization located in Fort Myers, Florida. Currently in its planning phase, the organization aims to empower individuals managing small businesses by enhancing their business skills and abilities. Additionally, the foundation plans to offer life enrichment programs, such as music and art classes, to foster personal growth and creativity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Build Foundation Inc has received a low rating of 20%, resulting in a Zero-Star out of Four Stars designation. This rating highlights significant concerns regarding accountability and financial management within the organization. With no independent board members, the foundation falls short in governance practices, which typically enhances transparency and trust.
The charity does exhibit some strengths, such as a clear conflict of interest policy and the documentation of board meeting minutes. However, critical elements are missing, including a whistleblower policy, a document retention policy, and an accessible tax form on the organization's website. These deficiencies raise alarms about the organization's commitment to operational transparency and ethical practices.
Financially, the organization has a high liabilities to assets ratio of 82.53%, indicating potential stability issues, and a program expense ratio of 34.29% that suggests limited funds are being allocated directly to its mission. Overall, prospective donors should approach this organization with caution, considering the notable governance and financial concerns identified by Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Build Foundation Inc legitimate?
Build Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Build Foundation Inc 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Build Foundation Inc?
Build Foundation Inc is currently in its planning stages, with a mission to enhance the skills and capabilities of individuals who manage small businesses. Additionally, the organization intends to provide life enrichment opportunities through classes in areas such as music and art. By doing so, Build Foundation Inc aims to empower these individuals, contributing to their personal and professional growth. The organization's goal is to provide a platform for skill development and creativity, ultimately benefiting the individuals and the communities they serve.
Who is the CEO of Build Foundation Inc?
Ligia Morales Aldana is the President of Build Foundation Inc.
What is the revenue of Build Foundation Inc?
Build Foundation Inc's revenue in 2022 was $2,144.
Who are the executives of Build Foundation Inc and what are their salaries?
There 2 volunteers at Build Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Build Foundation Inc?
Build Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Build Foundation Inc
Build Foundation Inc, in its planning stage, is committed to enhancing the skills and capabilities of individuals who oversee small businesses. Beyond this, the organization aims to offer enriching experiences through musical and art classes. In simpler terms, Build Foundation Inc is working towards empowering business managers and providing them with valuable skills, while also promoting personal growth through artistic and musical pursuits.
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Impact
August, 2024
Build Foundation Inc's impact lies in equipping individuals managing small businesses with essential business skills and abilities, as well as providing life enrichment opportunities such as musical and art classes. Through its planning stage initiatives, this organization based in Fort Myers, FL, aims to empower individuals to succeed in their entrepreneurial endeavors while also fostering personal growth and creativity. With a focus on education, Build Foundation Inc is working towards building a more resilient and skilled community of small business owners and individuals pursuing personal enrichment.
This information is meant to be a general summary of Build Foundation Inc. 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 2022.
- Program Service Revenue: $2,144
- Gross Receipts: $2,144
Assets and Liabilities:
- Total Assets: $1,185,685
- Total Liabilities: $978,575
- Net Assets: $207,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Individual Contributions
Revenue
$2,144
Organization Details
Founding Year
2011
Phone
(214) 772-7549Principal Officer
Ligia Morales Aldana
Main Address
11390 Palm Beach Boulevard, Fort Myers, FL, 33905
NTEE Category
Code: B30 - Education
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