Building Futures Foundation
- Assets
- $0.0
- Revenue
- $1.4m
- Investments
- $6.0m
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 07/2006
- Data as of
- 03/2022
- EIN
- 20-4746134
Organization Overview
Building Futures Foundation is located in Fremont, CA. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Futures Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Building Futures Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $525.1k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Building Futures Foundation has awarded 190 individual grants totaling $2,103,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yu Sheng Victor Liu CEO | 1 | $0 | |
Eric Liu Secretary | 1 | $0 | |
Lin Dee Liu CFO | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $675,000 |
| Interest on Savings | $601,280 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,445,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $64,631 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $212,046 |
| Contributions, gifts, grants paid | $313,100 |
| Total expenses and disbursements | $525,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,882 |
| Investments—mortgage loans | $6,025,000 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Building Futures Foundation has awarded $434,050 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA FOUNDATION PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $125,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $80,000 |
FU-JEN UNIVERSITY PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $15,000 |
READING PARTNERS PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $5,000 |
STUF UNITED FUND PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $4,000 |
CENTER FOR EXCELLENCE PURPOSE: DONATION TO SUPPORT EDUCATIONAL FUND | $3,000 |