Building Equity Initiative Inc

Organization Overview

Building Equity Initiative Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Equity Initiative 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 12/2021, Building Equity Initiative Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 34.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE CAPITAL FUNDING AVAILABLE FOR HIGH PERFORMING PUBLIC CHARTER SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, THE ORGANIZATION'S FACILITIES INVESTMENT FUND COMMITTED APPROXIMATELY $51 MILLION DOLLARS TO 5 NEW PROJECTS WHICH WILL SERVE 2,793 CHARTER SCHOOL STUDENTS IN ARKANSAS, NEW YORK, CALIFORNIA, AND TEXAS.


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Board, Officers & Key Employees

Name (title)Compensation
Buddy Philpot
President
$0
Brahm Cramer
Treasurer
$0
Scott Pearson
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Civic Fund Manager 3 Llc
Asset Management
$1,202,000
Civic Fund Manager Llc
Asset Management
$311,479
Macdonald Macdonald Pc
Legal Services
$160,853
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,488,358
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,488,358

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Building Equity Initiative Inc has recieved totaling $840,000.

Awarding OrganizationAmount
Civic Builders Inc

New York, NY

PURPOSE: GENERAL OPERATING

$840,000
View Grant Recipient Profile

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