Building Futures Iii Inc in Norfolk, Nebraska (NE)

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Building Futures Iii Inc
Employer Identification Number (EIN)460512186
Name of OrganizationBuilding Futures Iii Inc
In Care of NamePatricia Skokan
Address900 E Norfolk Ave, Norfolk, NE 68701-5502
SubsectionCharitable Organization
Ruling Date06/2003
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$500,000 to $999,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$747,844
Amount of Income$44,989
Form 990 Revenue Amount$44,989
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Services to Promote the Independence of Specific Populations


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Amount of income in 2012: $44,989 (it was $44,135 in 2011)
This organization: 

 $44,989
Other organizations performing similar types of work: 

 $91,944

Assets in 2012: $747,844 (it was $769,595 in 2011)
Building Futures Iii Inc: 

 $747,844
Other organizations performing similar types of work: 

 $47,490

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$44,989
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$43,246
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$154
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,589
Statement of Functional Expenses (for 2012)
Total functional expenses$65,878
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$11,120
Payroll taxes$676
Professional fundraising services$0
Other$54,082
Balance Sheet (for 2012)
Total assets$747,844
Total liabilities$3,036
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$3,036
Total net assets or fund balances$744,808
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$217,801
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$209,700
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,505
Other$6,596
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22Lincoln Citizen Advocacy IncorporatedPO BOX 84345, Lincoln, NE 68501-4345NE1997-10$63,066
23Building Futures Iii Inc900 E Norfolk Ave, Norfolk, NE 68701-5502NE2003-06$44,989
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Number of organizations performing similar types of work
Alaska25
Alabama127
Arkansas50
Arizona122
California872
Colorado151
Connecticut71
District of Columbia77
Delaware13
Florida538
Georgia298
Hawaii39
Iowa53
Idaho45
Illinois266
Indiana116
Kansas60
Kentucky63
Louisiana98
Massachusetts163
Maryland204
Maine32
Michigan257
Minnesota142
Missouri153
Mississippi67
Montana36
North Carolina243
North Dakota17
Nebraska44
New Hampshire35
New Jersey185
New Mexico52
Nevada49
New York436
Ohio249
Oklahoma76
Oregon103
Pennsylvania248
Rhode Island17
South Carolina108
South Dakota17
Tennessee146
Texas540
Utah59
Virginia197
Vermont29
Washington142
Wisconsin107
West Virginia40
Wyoming15
International18
Total7,310

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