2017-02-15T00:00:00-06:00 2016-06-30 946214841 Armanino LLP 12657 Alcosta Blvd San Ramon CA 945834600 990 2015-07-01 943386695 Business United in Investing Lending & Development BUSI 6506885840 2385 Bay Rd Redwood City CA 94063 Suzanne McKechnie Klahr CEO & Founder 6506885840 2017-02-13 1 Katy Brown P00650274 9257902600 2015 2021-01-29 14:40:06Z BUILD Suzanne McKechnie Klahr 2385 Bay Rd Redwood City CA 94063 13304632 0 X www.build.org X 1999 CA BUILD's mission is to use entrepreneurship to excite and propel low-income, disengaged youth through high school to college success. BUILD is committed to helping disadvantaged youth in America's most underserved communities gain the knowledge and ability to persevere in college and beyond. While academic proficiency is necessary, it is not sufficient to prepare students for college and their careers. The missing piece is for our youth to acquire 21st century skills - critical thinking and problem-solving, self-directed learning and collaboration - All of which are best learned through a hands-on, real-life experience like starting a business. 11 10 187 1317 0 0 9302362 12422056 40047 72250 468 -3702 -442775 -556099 8900102 11934505 101224 76187 0 0 6265678 7259197 0 0 1346226 2330524 2747842 8697426 10083226 202676 1851279 3553726 5546301 339466 480762 3214260 5065539 X BUILD's mission is to use entrepreneurship to excite and propel low-income, disengaged youth through high school to college success. BUILD is committed to helping disadvantaged youth in America's most underserved communities gain the knowledge and ability to persevere in college and beyond. While academic proficiency is necessary, it is not sufficient to prepare students for college and their careers. The missing piece is for our youth to acquire 21st century skills, critical thinking and problem-solving, self-directed learning and collaboration - All of which are best learned through a hands-on, real-life experience like starting a business. 0 0 2455873 59079 Entrepreneurs 1 (E1) - Freshman Year - Planning a business. Freshmen enroll in rigorous, credit bearing class for the entire academic year. Students learn the tenets of time management, goal setting and professional communication etiquettes. In teams of 3-5 members, students develop comprehensive 20-30 page business plans based on ideas they create. The year culminates with participation in BUILD'S Youth Business Plan Competition held at university graduate schools of business in our three regions. 1718270 Entrepreneurs 2 (E2) - Sophomore Year - Running a business. Sophomores meet after school for up to 6 hours per week, for the entire academic year. In BUILD's Youth Business and Academic Incubator, they begin to operate small businesses while learning negotiation, business ethics, venture capital, and more. Teams are assigned Venture Capital Advisors, who act on BUILD's behalf to finance student business with funding from BUILD. Simultaneously, sophomores receive academic coaching, advising and tutoring to ensure they get on track to graduate high school eligible for college. 824683 Entrepreneurs 3 (E3) - Junior Year - Preparing for college. Juniors meet after school and are trained on advanced topics relating to college selection. Students continue to operate their businesses, but now focus more on developing college readiness skills so they will be prepared to attend the college of their choice. In preparation for college, students are trained on essay writing, interviewing, financial aid, and standardized testing. To assist students in the college selection process, BUILD staff members accompany students on college tours in various parts of the country. 2306627 76187 Entrepreneurs 4 (E4) - Senior Year - Selecting and applying for college. Seniors work with BUILD mentors and staff to identify their schools, write and prepare college admission essays and applications, and package their BUILD experience into a portfolio. Students continue to hone their interviewing and presentation skills, in preparation for communicating with college admissions officers. When possible, BUILD assists in arranging for communicating with local BUILD alumni. BUILD staff provides students' parents with information about scholarships and financial aid resources through workshops and meetings. 2306627 76187 7305453 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 55 0 1 187 1 0 0 0 0 0 1 1 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA MD MA NY PA VA DC X X Angelica Juarez 6506314971 2385 Bay Rd Redwood City CA 94063 David Marston Chairman 2.00 X X 0 0 0 Ajay Agarwal Board Treasurer 1.00 X X 0 0 0 Jean Kovacs Board Secretary 1.00 X X 0 0 0 David Bohigian thru 6116 Board Member 1.00 X 0 0 0 Doug Brien Board Member 1.00 X 0 0 0 Emily Chang Board Member 1.00 X 0 0 0 Brian Cohen Board Member 1.00 X 0 0 0 Jack Dorsey thru 6116 Board Member 1.00 X 0 0 0 Liane Hornsey thru 6116 Board Member 1.00 X 0 0 0 Karl Jacob Board Member 1.00 X 0 0 0 Mike O'Brien Board Member 1.00 X 0 0 0 Joanna Rees Board Member 1.00 X 0 0 0 Baratunde Thurston Board Member 1.00 X 0 0 0 Suzanne M Klahr CEO & Founder 50.00 X X 233000 0 16507 Charles Salter President 50.00 X 223500 0 13347 Christopher Brown VP of Original Mgmt. 50.00 X 157794 0 9332 Judy Madden VP of Programs and Eval. 50.00 X 150152 0 0 Ayele Shakur Regional Executive Director 50.00 X 121979 0 12297 Angelica Juarez Senior Director of Finance 50.00 X 115405 0 8895 Bryce Jacobs Regional Executive Director 50.00 X 116604 0 3434 1118434 0 63812 7 0 1 0 Accenture LLP 161 North Clark Chicago IL 60601 Feasibility studies for national growth 150000 1 2412595 310139 9699322 706447 12422056 Program Service Fees 900099 39000 39000 Other Program Revenue 900099 33250 33250 72250 2402 2402 673697 679530 271 -5833 -271 -6104 -6104 147398 2412595 690326 -542928 -542928 Incubator Income 900099 -13171 -13171 -13171 11934505 59079 0 -546630 76187 76187 568709 318477 139334 110898 5562329 4489108 372741 700480 642817 504058 52433 86326 485342 380575 40601 64166 31971 31971 806996 202189 448438 156369 42090 20297 25 21768 46769 38288 6391 2090 621871 519459 33439 68973 350014 205473 94515 50026 312294 182327 106165 23802 106398 81193 9220 15985 24525 16161 5528 2836 Supplies 197415 161319 28165 7931 Telephone 68164 48008 10666 9490 Printing & Publication 43844 27516 3019 13309 Dues and Subscriptions 29759 8126 16896 4737 65732 26692 32000 7040 10083226 7305453 1431547 1346226 418697 3044127 1573559 839924 1322310 1447881 15650 8393 613074 461952 190356 151122 33154 54854 3553726 5546301 339466 480762 339466 480762 X 1701927 3202912 1512333 1862627 3214260 5065539 3553726 5546301 1851279 0 X X 0 1 X 1 0 X 5743411 6483898 7801054 9302362 12422056 41752781 5743411 6483898 7801054 9302362 12422056 41752781 6369855 35382926 4568 559 617 21419 2402 29565 41782346 120503 0.84680 0.99910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 226126 26 5000 150 221002 223253 5000 23 2000 150 226126 217431 9945 27 4000 150 223253 210411 10148 22 3000 150 217431 192323 21218 20 3000 150 210411 1.00000 0 0 104899 86377 18522 396910 284405 112505 111265 91170 20095 151122 12379322 444817 444817 11934505 0 11934505 10528043 444817 444817 10083226 0 10083226 Part V, Line 4: The organization's policy is to build the endowment and only to pay out for William Lazier Scholarships each year out of its board designated endowment. Annually, additional funds are deposited into the account to offset these scholarship payments to ensure the organization protects and grows the principle investment. In establishing this policy, the organization considered the long term expected return on its endowment. Accordingly, over the long term, the organization expects to grow the general endowment fund at an average conservative return of 1% to 3% annually. This is consistent with the organization's objective to maintain the purchasing power of the endowment assets as well as to provide modest returns on investment with the goal of capital preservation. Part X, Line 2 Businesses United in Investing, Lending and Development is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and exempt from state income taxes under various state codes and statues of California, Massachusetts, Maryland, Virginia, New York, Pennsylvania and Washington D.C.. Accordingly, no provision for income taxes has been made in the accompanying statements. National Gala 1628248 1557661 70587 55144 123192 34690 247886 Boston Gala 442632 416334 26298 30000 45577 29015 5 489113 438600 50513 20450 4826 4420 95126 2559993 2412595 147398 105594 173595 39110 372027 690326 -542928 1 Business Plan Competition Awards & Dividend Awards 104 7894 Competition Awards Build College Scholarship 161 60418 Scholarship Lazier Scholarship 4 4000 Scholarship Youth Team Business Funding 113 3875 Incubator Team Funding Part I, Line 2: BUILD provides scholarships to qualified students who participate in the program. Each student is required to complete an application and meet certain criteria before receiving the scholarship. BUILD also provides awards to student teams participating in the program in order for the team to explore and experience our program/curriculum. X X 0 0 0 0 0 0 0 0 0 Suzanne M Klahr CEO & Founder 195000 0 38000 0 0 0 3983 0 12524 0 249507 0 0 0 Charles Salter President 195000 0 28500 0 0 0 4275 0 9072 0 236847 0 0 0 Christopher Brown VP of Original Mgmt. 140994 0 16800 0 0 0 0 0 9332 0 167126 0 0 0 Judy Madden VP of Programs and Eval. 143152 0 7000 0 0 0 0 0 0 0 150152 0 0 0 X 9873 FMV X 8 679530 X 2 791 FMV X 11 6544 FMV X Auction Supplies 3 9709 FMV 0 1 0 Part I, Column (b): The number reported in column (b) represents the number of contributors. Form 990, Part VI, Section B, line 11 Copies of the completed form 990 are forwarded to all board members. The managing director reviews key areas with the board before the form is finalized and filed. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ON AN ANNUAL BASIS. Form 990, Part VI, Section B, line 15 The Board President reviews the CEO's compensation and any changes in the CEO's salary must be approved by the organization's board of directors. The human resources manager reviews all staff positions and salaries on an annual basis. During the survey three independent data sources are reviewed: Payscale, Guidestar and Northern California Survey for Non-profits. The compensation data is then reviewed with the Managing Director. Form 990, Part VI, Section C, line 19 The governing documents and conflict of interest policy is available upon request. The organization's audited financial statements and Form 990 is available on BUILD's website. Information is also available on GUIDESTAR website. Form 990, Part XII, Line 2c: The process has not changed from the prior year.