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Nonprofit · EIN 82-1503941

BUILDERS INITIATIVE

Tax-exempt · CHICAGO, IL 60607

Financials

$519.9M$110.8M2023$245.2M$117.9M2024
Revenue Expenses · by fiscal year end
Financials of BUILDERS INITIATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$245,156,232$117,928,006$127,228,226$1,654,082,903$3,874$1,654,079,029
December 31, 2023990-PF$519,855,780$110,762,871$409,092,909$1,526,854,677$3,874$1,526,850,803
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$151,183,593
Interest
$33,935,375
Net gain from sales of assets
$58,363,348
Other income
$1,673,916

Expenses

Grants and similar amounts paid
$96,806,070
Disbursements for charitable purposes
$98,853,647
Excise tax on investment income
$3,038,608

Balance sheet and other

Total assets, start of year
$1,526,854,677
Total assets, end of year
$1,654,082,903
Total liabilities, end of year
$3,874
Net assets, end of year
$1,654,079,029
Fair market value of assets
$1,901,331,073
Qualifying distributions
$98,952,622
Net investment income
$237,327,669

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LUKAS WALTON
167 N GREEN STREET, SUITE 1600, CHICAGO, IL 60607
DIRECTOR, CEO, CHAIR10$0
ROBERT SMITH
167 N GREEN STREET, SUITE 1600, CHICAGO, IL 60607
TREASURER (UNTIL 6/30/24)1$0
BRUCE MCNAMER
167 N GREEN STREET, SUITE 1600, CHICAGO, IL 60607
DIRECTOR, PRESIDENT10$0
LISA FORBES
167 N GREEN STREET, SUITE 1600, CHICAGO, IL 60607
DIRECTOR, SECRETARY5$0
KARISHMA DESOUZA
167 N GREEN STREET, SUITE 1600, CHICAGO, IL 60607
TREASURER (FROM 7/01/24)1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
LUKAS WALTON
167 N Green Street Suite 1600, Chicago, IL 60607
DIRECTOR, CEO, CHAIR10$0
LISA FORBES
167 N Green Street Suite 1600, Chicago, IL 60607
DIRECTOR, SECRETARY5$0
BRUCE MCNAMER
167 N Green Street Suite 1600, Chicago, IL 60607
DIRECTOR, PRESIDENT10$0
ROBERT A SMITH
167 N Green Street Suite 1600, Chicago, IL 60607
TREASURER1$0

Address and contacts

Address (IRS master file)
167 N GREEN ST STE 1600, CHICAGO, IL 60607-2381
In care of
% KARI HARRIS
Signed the 990-PF
KARISHMA DESOUZA, TREASURER
Phone
(479) 464-1570
Return prepared by
WALTON ENTERPRISES LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
82-1503941
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2017
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,654,082,903
Income (IRS master file)
$2,293,617,642

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$245,156,232$117,928,006$1,654,082,903XML
990-TDecember 2024–––IRS
990-PFDecember 2023$519,855,780$110,762,871$1,526,854,677XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-1503941).

Questions about BUILDERS INITIATIVE

What is the EIN of BUILDERS INITIATIVE?
The employer identification number (EIN) of BUILDERS INITIATIVE is 82-1503941.
Is BUILDERS INITIATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to BUILDERS INITIATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BUILDERS INITIATIVE file?
Form 990-PF. Private foundations file every year.
When is the next return of BUILDERS INITIATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BUILDERS INITIATIVE last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of BUILDERS INITIATIVE?
The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does BUILDERS INITIATIVE have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $245,156,232, expenses of $117,928,006 and total assets of $1,654,082,903 at year end.

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