Overview
What is Building Markets Ltd?
Building Markets Ltd is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to foster inclusive economies, particularly for small-to-medium-sized enterprises (SMEs). By providing support, they help these businesses secure contracts and loans, ultimately creating job opportunities. In the past year, their Sustainable Marketplace program in Turkey aided Syrian-owned businesses to integrated better into their host communities, resulting in 12.8 million dollars in revenue and 2,226 new jobs. Building Markets has had a significant impact globally, having assisted over 26,700 SMEs in various markets such as Turkey, Colombia, Jordan, Myanmar, Afghanistan, Liberia, and Haiti, creating over 75,000 jobs and securing $1.36 billion in contracts and $21 million in loans. With a team of 14 individuals, Building Markets Ltd plays a crucial role in fostering economic growth and opportunities worldwide.
Official website here: www.buildingmarkets.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Building Markets Ltd has received an 83% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in leadership and adaptability, scoring a perfect 100 in this area, which suggests effective governance and a strong ability to respond to changing circumstances. The majority of its board members are independent, further enhancing the organization's transparency and integrity.
The financial metrics are positive, with a program expense ratio of approximately 74%, demonstrating a commitment to directing funds towards its mission of supporting small businesses involved in climate-friendly practices. The organization has a robust set of policies in place, including conflict of interest and whistleblower protections, which reflects a strong internal governance framework. Additionally, the presence of an Audit and Oversight Committee ensures that financial practices are monitored effectively.
However, while the organization shows promising strengths, potential supporters may want to consider how it plans to expand its impact, with a strategic goal to increase support by 65% by 2028. Overall, Building Markets Ltd appears to be a well-managed nonprofit with a focus on sustainability and community support.
This AI summary has been generated from information found on Charity Navigator.
Is Building Markets Ltd legitimate?
Building Markets Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Markets Ltd 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: $685,726
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,180,261
For more financial information, click here
Official website here: www.buildingmarkets.org
What is the mission statement of Building Markets Ltd?
Building Markets Ltd's mission is centered around fostering inclusive economies for small and medium-sized enterprises (SMEs). Through their efforts, they have supported over 26,700 SMEs, aiding these businesses in securing $1.36 billion in contracts and $21 million in loans. As a result, these initiatives have led to the creation of over 75,000 job opportunities across various nations such as Turkey, Colombia, Jordan, Myanmar, Afghanistan, Liberia, and Haiti. Essentially, Building Markets Ltd aims to provide opportunities for all individuals to prosper by empowering SMEs.
Official website here: www.buildingmarkets.org
Who is the CEO of Building Markets Ltd?
Frank H Mcnutt is the Chief Executive Officer of Building Markets Ltd. The CEO's salary of Building Markets Ltd is $67,244 and their total compensation is $74,865.
Official website here: www.buildingmarkets.org
What is the revenue of Building Markets Ltd?
Building Markets Ltd's revenue in 2023 was $4,108,126.
Official website here: www.buildingmarkets.org
Who are the executives of Building Markets Ltd and what are their salaries?
The average compensation at Building Markets Ltd during 2023 was $133,285. There are 14 employees at Building Markets Ltd.
Here are 13 key members and their salaries (Building Markets Ltd's CEO's salary is $67,244 and their total compensation is $74,865):
- Compensation: $67,244
- Related: $0
- Other: $7,621
- Compensation: $153,705
- Related: $0
- Other: $8,378
- Compensation: $142,500
- Related: $0
- Other: $12,343
- Compensation: $114,917
- Related: $0
- Other: $12,149
- Compensation: $20,507
- Related: $0
- Other: $310
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,895
- Related: $0
- Other: $2,453
Official website here: www.buildingmarkets.org
Where can I find the form 990 for Building Markets Ltd?
Building Markets Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.buildingmarkets.org
Learn more at the official website: www.buildingmarkets.org
Mission Statement of Building Markets Ltd
Building Markets Ltd, a nonprofit organization, is dedicated to fostering inclusive economies. Their mission is to empower small and medium-sized enterprises (SMEs) globally, enabling them to seize opportunities and create jobs. Through their efforts, Building Markets has supported over 26,700 SMEs, helping these businesses secure over $1.36 billion in contracts and secure $21 million in loans. As a result, these initiatives have led to the creation of over 75,000 jobs across various markets, including Turkey, Colombia, Jordan, Myanmar, Afghanistan, Liberia, and Haiti. By supporting SMEs, Building Markets Ltd is playing a significant role in providing opportunities for people to rise above their circumstances and contribute to their local economies.
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Impact
July, 2024
Building Markets Ltd has had a significant impact on global economies by supporting over 26,700 SMEs, helping them secure $1.36 billion in contracts and $21 million in loans. This support has resulted in the creation of over 75,000 jobs in countries such as Turkey, Colombia, Jordan, Myanmar, Afghanistan, Liberia, and Haiti. In particular, the Sustainable Marketplace program in Turkey has assisted Syrian-owned businesses in integrating into host communities, fostering long-term livelihoods for refugees and locals. Over the last year, this program has enabled businesses to generate $12.8 million in revenue and create 2,226 jobs, showcasing the tangible difference Building Markets Ltd is making in supporting inclusive economies and opportunities for small businesses worldwide.
This information is meant to be a general summary of Building Markets Ltd. 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 2023.
- Investment Income: $11,371
- Gross Receipts: $4,108,126
Assets and Liabilities:
- Total Assets: $2,032,767
- Total Liabilities: $1,721,951
- Net Assets: $310,816
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Organization Details
Founding Year
2008
Phone
(212) 785-0400Principal Officer
Frank H Mcnutt
Main Address
195 Montague Street, Brooklyn, NY, 11201
Website
www.buildingmarkets.orgNTEE Category
Code: Q30 - International
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