Build Institute
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Detroit, MI
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3521553
Organization Overview
Build Institute is located in Detroit, MI. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Build Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Build Institute 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 12/2022, Build Institute generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER PEOPLE TO LAUNCH IDEAS AND GROW BUSINESSES BY PROVIDING ACCESS TO EDUCATION, RESOURCES AND A SUPPORTIVE ENGAGED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD INSTITUTE HAS GRADUATED OVER 1800 ASPIRING AND EXPERIENCED ENTREPRENEURS FROM OUR CLASSES, MANY OF WHOM HAVE GONE ON TO START SUCCESSFUL BUSINESSES IN THE CITY. IN ADDITION TO CLASSES, WE OFFER NETWORKING EVENTS, MENTORSHIP, CONNECTIONS TO RESOURCES AND A NURTURING COMMUNITY THAT ALLOWS IDEAS TO DEVELOP AND FLOURISH OVER TIME. OUR PROGRAMMING EXPANDS OVER 100 ZIP CODES ACROSS METRO DETROIT FOR WHICH 63 OF OUR PARTICIPANTS ARE PEOPLE OF COLOR AND 83 FEMALE STUDENT ENROLLMENT AT 83 .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Ann Campbell President And CEO | 40 | $125,448 | |
Camille Walker-Banks In-Coming Chair | OfficerTrustee | 1 | $0 |
Erin Bonahoom Co-Chair | OfficerTrustee | 1 | $0 |
Toni Beaubien Treasurer | OfficerTrustee | 1 | $0 |
April Anderson Member | Trustee | 1 | $0 |
Jeff Aronoff Member | Trustee | 1 | $0 |
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 | $1,364,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,364,695 |
| Total Program Service Revenue | $80,418 |
| Investment income | $665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,050 |
| 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 | $1,448,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,449 |
| Compensation of current officers, directors, key employees. | $25,090 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $146,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,600 |
| Office expenses | $4,746 |
| Information technology | $43,919 |
| Royalties | $0 |
| Occupancy | $76,680 |
| Travel | $17,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,160 |
| Insurance | $7,077 |
| All other expenses | $13,105 |
| Total functional expenses | $1,247,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,384,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,253 |
| Net Land, buildings, and equipment | $413,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,241 |
| Total assets | $2,363,910 |
| Accounts payable and accrued expenses | $107,117 |
| Grants payable | $126,000 |
| Deferred revenue | $281 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,041 |
| Total liabilities | $303,439 |
| Net assets without donor restrictions | $1,305,201 |
| Net assets with donor restrictions | $755,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,363,910 |