Building New Foundations Inc
- Assets
- $506.8k
- Revenue
- $329.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4244261
Organization Overview
Building New Foundations Inc is located in Katy, TX. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building New Foundations Inc 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 12/2023, Building New Foundations Inc generated $329.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $307.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Building New Foundations Inc has awarded 48 individual grants totaling $1,574,933. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED TIME AND MONEY TO VARIOUS NON-PROFITS RESIDENTIAL TREATMENT CENTER MEMBERS VOLUNTEERED THEIR TIME AND EXPERTISE TO THE RENOVATION AND CONT
IMPROVEMENT OF THE FACILITIES USED TO HOUSE AT RISK CHILDREN AGED 8-17
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hayden Austin Chairman President | 0 | $0 | |
John Glaze Director | 0 | $0 | |
Greg Mesler Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,104 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $328,631 |
| Total Revenue | $329,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $215,778 |
| Total operating and administrative expenses | $219,506 |
| Contributions, gifts, grants paid | $87,933 |
| Total expenses and disbursements | $307,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,802 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $506,802 |
| Accounts payable and accrued expenses | $35,512 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,512 |
Grants Awarded
Over the last fiscal year, Building New Foundations Inc has awarded $87,933 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTS WITH HOPE PURPOSE: TRANSITION HOUSE FOR ABUSED GIRLS | $20,428 |
SEARCH PURPOSE: PROVIDE SERVICE TO THE HOMELESS OF HOUSTON | $33,711 |
YELLOWSTONE ACADEMY PURPOSE: NON-PROFIT NON-DENOMINATIONAL PRIVATE SCHOOL | $44,325 |
HOPES PATH PURPOSE: INTERNSHIP PROGRAM FOR FORMER FOSTER YOUTH | -$15,331 |
CHILD ADVOCATES PURPOSE: CHILDRENS ADVOCATES | $4,800 |