BUSINESS UNITED IN INVESTING LENDI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

THAIS REZENDE

Phone

6506885840

Tax Period

2022-07-01 to 2023-06-30

BUSINESS UNITED IN INVESTING LENDING & DEVELOPMENT, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $8.3M in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

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 UNDER SERVED COMMUNITIES GAIN THE KNOWLEDGE (CONTINUED ON SCHEDULE O) 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.

Program Service Accomplishments

Program 1

Expenses: $718,277 Revenue: $38,921

YEAR 1: BUILD YOUR BUSINESS (Y1) FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR YEAR BUILD YOUR BUSINESS STUDENTS GAIN AN INTRODUCTION TO ENTREPRENEURSHIP AND HOW BUILD WANTS THEM TO BECOME THE CEO OF THEIR OWN LIVES. THEY USE THE HUMAN-CENTERED DESIGN PROCESS TO CREATE AND PITCH AN ORIGINAL PRODUCT IDEA TO VOLUNTEER PROFESSIONALS. THEY BUILD OUT THESE IDEAS INTO BUSINESS PITCH DECKS THAT THEY PRESENT IN A CULMINATING BUSINESS PLAN COMPETITION EVENT.

Program 2

Expenses: $718,277 Revenue: $38,921

YEAR 2: BUILD YOUR VOICE (Y2) FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR YEAR IN BUILD YOUR VOICE, STUDENTS DEVELOP THEIR UNIQUE VOICE AND BRAND (BOTH PERSONAL AND BUSINESS) AS THEY CONTINUE THEIR...

YEAR 2: BUILD YOUR VOICE (Y2) FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR YEAR IN BUILD YOUR VOICE, STUDENTS DEVELOP THEIR UNIQUE VOICE AND BRAND (BOTH PERSONAL AND BUSINESS) AS THEY CONTINUE THEIR JOURNEY TO COLLEGE, CAREER, AND LIFE SUCCESS. THEY CONTINUE BUILDING THEIR SKILLS IN PRODUCT DESIGN, MARKETING, PRODUCTION, FINANCES AND SALES, FINISHING THE YEAR WITH A SELLING EVENT AND PORTFOLIO PITCH.

Program 3

Expenses: $6,967,478 Revenue: $377,549

YEAR 3: BUILD YOUR FUTURE (Y3) JUNIOR AND SENIOR YEAR BUILD YOUR FUTURE IS THE BRIDGE THAT LINKS ENTREPRENEURIAL SKILLS AND MINDSETS THAT OUR STUDENTS DEVELOP IN Y1 AND Y2 TO THEIR PATHWAYS AFTER...

YEAR 3: BUILD YOUR FUTURE (Y3) JUNIOR AND SENIOR YEAR BUILD YOUR FUTURE IS THE BRIDGE THAT LINKS ENTREPRENEURIAL SKILLS AND MINDSETS THAT OUR STUDENTS DEVELOP IN Y1 AND Y2 TO THEIR PATHWAYS AFTER HIGH SCHOOL. OUR Y3 STUDENTS LEARN TO BE CEOS - THEY'RE LEARNING HOW TO BE CAREER-FOCUSED, ENTERPRISING, AND OPPORTUNITY-ORIENTED. THROUGH THEIR BUILD EXPERIENCE, THEY ARE EXPANDING THEIR SOCIAL AND NAVIGATIONAL CAPITAL. THEY'RE GROWING THEIR NETWORKS, AND LEARNING HOW TO UTILIZE THESE NETWORKS AND RESOURCES TO BE PROACTIVE ABOUT THEIR FUTURE. BUILD YOUR FUTURE EMPOWERS BUILD STUDENTS TO LEARN ABOUT POTENTIAL PATHWAYS AND HOW TO ACCESS THEM. THEY ARE SETTING THEMSELVES UP TO BE SUCCESSFUL NO MATTER WHAT THEIR PATHWAY IS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $7,915,535

Program Service Revenue $455,391

Investment Income $157,907

Other Revenue $-196,527

TOTAL REVENUE $8,332,306

Expense Breakdown

Grants Paid $259,395

Salaries & Benefits $9,483,128

Fundraising Expenses $1,500,136

Program Expenses $8,404,032

Other Expenses $2,399,377

TOTAL EXPENSES $12,215,880

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,332,306	$14,977,304	-0.4%
Expenses	$12,215,880	$11,340,463	+0.1%
Net Income	$-3,883,574	$3,636,841	-2.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

141

Volunteers

720

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$559,459

Total Directors

$328,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYELE SHAKUR	CEO (THRU 1/23)	50.00	Officer Director	$299,890	$28,132	$328,022
THAIS REZENDE	PRESIDENT	50.00	Highest	$226,852	$18,384	$245,236
DALE LEMKE	CFOO (THRU 2/23)	50.00	Officer	$200,420	$31,017	$231,437
SUE DALELLO	ADVISOR TO CEO	50.00	Highest	$168,716	$20,215	$188,931
EDWARD WILSON	CHIEF DEVELOPMENT OFFICER	50.00	Highest	$179,500	$5,601	$185,101
BETSY NEPTUNE-COWAN	REGIONAL EXECUTIVE DIRECTOR	50.00	Highest	$158,208	$16,251	$174,459
LYDIA PHILLIPS	DIR OF LIC P'SHIPS & ORG LEARNING	50.00	Highest	$158,166	$11,964	$170,130
DESIREE FORD	CFO	50.00	Officer	$0	$0	$0
BILL TAYLOR	CEO	50.00	Officer Director	$0	$0	$0
ROY HIRSHLAND	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MOHAMED FAHMI	TREASURER	2.00	Officer Director	$0	$0	$0
DOUG BRIEN	SECRETARY	2.00	Officer Director	$0	$0	$0
AJAY AGARWAL	MEMBER	1.00	Director	$0	$0	$0
AFDHEL AZIZ	MEMBER	1.00	Director	$0	$0	$0
JOHN CHINA	MEMBER (THRU 3/23)	1.00	Director	$0	$0	$0
MICHAEL FARB	MEMBER	2.00	Director	$0	$0	$0
DORA GOUGOUFKAS	MEMBER	2.00	Director	$0	$0	$0
ELDRIDGE GRAY	MEMBER	1.00	Director	$0	$0	$0
KARL JACOB	MEMBER	1.00	Director	$0	$0	$0
THERON JONES	MEMBER (THRU 12/22)	1.00	Director	$0	$0	$0
GAGAN KANJLIA	MEMBER	1.00	Director	$0	$0	$0
DAVID PEINSIPP	MEMBER	1.00	Director	$0	$0	$0
MICHAEL PORTEGELLO	MEMBER	2.00	Director	$0	$0	$0
GEORGE RICHARD	MEMBER (THRU 12/22)	1.00	Director	$0	$0	$0
BARATUNDE THURSTON	MEMBER (THRU 6/23)	1.00	Director	$0	$0	$0
TRISH WALKER	MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,332,306	$12,215,880	$15,024,895	$-3,883,574
2022	$14,977,304	$11,340,463	$18,880,665	$3,636,841
2021	$16,419,583	$8,812,878	$15,281,937	$7,606,705
2020	$9,011,533	$7,233,837	$8,577,563	$1,777,696
2019	$8,707,159	$6,067,941	$5,797,125	$2,639,218
2018	$9,866,121	$9,335,723	$3,007,259	$530,398

BUSINESS UNITED IN INVESTING LENDING & DEVELOPMENT