Nonprofit · EIN 85-1359192
BUILDING AMERICA S FUTURE
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $100,223,489 | $98,194,223 | $2,029,266 | $9,201,119 | $232,943 | $8,968,176 |
| December 31, 2023 | 990 (amended) | $21,058,064 | $23,149,673 | -$2,091,609 | $7,233,335 | $294,425 | $6,938,910 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $99,892,500
- Program service revenue
- $0
- Investment income
- $330,989
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $17,358,938
- Compensation of officers, directors and key employees
- $359,000
- Other salaries and wages
- $67,000
- Salaries, compensation and benefits (total)
- $458,851
- Professional fundraising fees
- $70,000
- Legal fees
- $687,662
- Accounting fees
- $127,622
- Travel
- $186,306
- Program services (functional)
- $62,257,347
- Management and general (functional)
- $35,866,876
- Fundraising (functional)
- $70,000
Balance sheet and other
- Total assets, start of year
- $7,233,335
- Total assets, end of year
- $9,201,119
- Total liabilities, end of year
- $232,943
- Net assets, end of year
- $8,968,176
- Net assets without donor restrictions
- $8,968,176
- Gross receipts
- $100,223,489
- Employees
- 5
- Volunteers
- 1
- Year formed
- 2020
- State of legal domicile
- VA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE NEAL | EXECUTIVE DIRECTOR Officer | 35 | $215,000 |
| TIMOTHY MCKONE | SECRETARY Trustee or director, Officer | 5 | $48,000 |
| BERNARD OKUN | DIRECTOR Trustee or director | 5 | $48,000 |
| JOHN QUIRK | DIRECTOR Trustee or director | 5 | $48,000 |
| CABELL HOBBS | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C JANKOWSKI | PRESIDENT (THRU 10/31/23) Officer | 10 | $280,000 |
| KATHERINE NEAL | DEPUTY ED - EXECUTIVE DIRECTOR Officer | 15 | $107,500 |
| TIMOTHY MCKONE | SECRETARY Trustee or director, Officer | 5 | $60,000 |
| BERNARD OKUM | DIRECTOR Trustee or director | 5 | $60,000 |
| JOHN QUIRK | DIRECTOR Trustee or director | 5 | $60,000 |
| CABELL HOBBS | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1825 I ST NW STE 900, WASHINGTON, DC 20006-5468
- In care of
- % STEFAN PASSANTINO
- Principal officer (990 for 2024)
- CABELL HOBBS, 7415 SW PKWY BLDG 6 STE 500 134, AUSTIN, TX 78735
- Signed the 990
- CABELL HOBBS, TREASURER
- Phone
- (512) 277-6095
- Website
- BUILDINGAMERICASFUTURE.COM
- Return prepared by
- ATCHLEY & ASSOCIATES LLP
Mission
THE MISSION OF BUILDING AMERICA'S FUTURE (BAF) IS TO EDUCATE THE PUBLIC AND BUILD A GRASSROOTS MOVEMENT TO ADVANCE NEW POLICIES ON A BROAD RANGE OF ISSUES IMPORTANT TO THE WELFARE OF ALL AMERICANS, INCLUDING, BUT NOT LIMITED TO: HOUSING, HEALTHCARE, EDUCATION, IMMIGRATION, ENERGY, ECONOMY, JOBS, TRADE AND NATIONAL SECURITY.
Program accomplishments
- CONDUCTED AND PUBLICIZED RESEARCH TO INFORM AND EMPOWER AMERICANS TO TAKE OWNERSHIP OF OUR COUNTRY'S POLICY DIRECTION AND DEMAND THAT OUR GOVERNMENT AT THE FEDERAL, STATE, AND LOCAL LEVELS ENACT POLICY REFORMS TO IMPROVE THE LIVES OF ALL AMERICANS. SPECIFICALLY, BAF RAN ISSUE ADVOCACY CAMPAIGNS RELATED TO THE FOLLOWING TOPICS: DOMESTIC ENERGY PRODUCTION, PROTECTION FROM COMMUNIST CHINA, BORDER SECURITY, OPPOSING HEAVY-HANDED GOVERNMENT BANS AND MANDATES, 340B PROGRAM REFORMS, AND VOTER REGISTRATION EFFORTS.Expenses $62,257,347 · grants $17,358,938
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1359192
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R01)
- Assets (IRS master file)
- $9,201,119
- Income (IRS master file)
- $100,223,489
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $100,223,489 | $98,194,223 | $9,201,119 | XML |
| 990 | December 2023 | $21,058,064 | $23,149,673 | $7,233,335 | XML |
| 990 | December 2022 | $53,235,638 | $47,401,899 | $9,188,387 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-1359192).
Questions about BUILDING AMERICA S FUTURE
- What is the EIN of BUILDING AMERICA S FUTURE?
- The employer identification number (EIN) of BUILDING AMERICA S FUTURE is 85-1359192.
- Is BUILDING AMERICA S FUTURE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
- Are donations to BUILDING AMERICA S FUTURE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUILDING AMERICA S FUTURE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUILDING AMERICA S FUTURE 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 BUILDING AMERICA S FUTURE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUILDING AMERICA S FUTURE?
- The 990 for the year ended December 31, 2024 names CABELL HOBBS.
- Who are the officers and directors of BUILDING AMERICA S FUTURE?
- The 990 for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $215,000 (KATHERINE NEAL, EXECUTIVE DIRECTOR).
- How much revenue does BUILDING AMERICA S FUTURE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $100,223,489, expenses of $98,194,223 and total assets of $9,201,119 at year end.
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