The Build Now Foundation Inc in New Orleans, Louisiana (LA)

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The Build Now Foundation Inc
Employer Identification Number (EIN)134096155
Name of OrganizationThe Build Now Foundation Inc
In Care of NameWilliam S Monagnan
Address2372 Saint Claude Ave Ste 270, New Orleans, LA 70117-8393
SubsectionCharitable Organization
Ruling Date09/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$499,036
Amount of Income$2,591,537
Form 990 Revenue Amount$601,776
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $2,591,537 (it was $2,534,492 in 2010)
The Build Now Foundation Inc: 

 $2,591,537
Other organizations performing similar types of work: 

 $103,138

Assets in 2011: $499,036 (it was $87,651 in 2010)
This organization: 

 $499,036
Other organizations performing similar types of work: 

 $338,623

Expenses in 2011: $772,162
This organization: 

 $772,162
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2011: 3.4
The Build Now Foundation Inc: 

 3.4
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 20.3%
This organization: 

 20.3%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$601,776$0$479,818
Contributions, gifts, grants, etc., received$121,958
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$479,818
Gross sales less returns and allowances$-1,509,943
Less: Cost of goods sold$1,989,761
Other income$0
Total expenses and disbursements$772,162$0$189,772$582,391
Compensation of officers, directors, trustees, etc.$41,972
Total operating and administrative expenses$771,112$0$581,341
Contributions, gifts, grants paid$1,050
Excess of revenue over expenses and disbursements$-170,386
Net investment income$0
Adjusted net income$290,046
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$499,036$499,036
Cash - non-interest-bearing$6,803
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$492,233
Total liabilities$346,900
Mortgages and other notes payable$30,000
Other$316,900
Total liabilities and net assets/fund balances$152,136
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$551,683
Net value of noncharitable-use assets$543,400
Minimum investment return$27,170
Distributable Amount (for 2011)
Distributable amount$27,170
Undistributed Income (for 2011)
Distributable amount for 2011$27,170
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Union General HospitalPO BOX 398, Farmerville, LA 71241-0398LA1984-08$14,806,697
2Leo W Seal United Methodist Church Trust228 St Charles Ave 2nd Fl Trust, New Orleans, LA 70130-2601LA2011-07$10,920,981
3Mulder Charitable TrustPO BOX 1848, Alexandria, LA 71309-1848LA2013-02$5,778,525
4Ruth U Fertel Foundation1010 Common St Ste 1810, New Orleans, LA 70112-2412LA2002-07$2,920,520
5The Build Now Foundation Inc2372 Saint Claude Ave Ste 270, New Orleans, LA 70117-8393LA2000-09$2,591,537
6William Edwin Montan Charitable TrPO BOX 61540, New Orleans, LA 70161-1540LA2006-11$1,942,468
7The Edward L Rispone Family Foundation18250 S Mission Hills Ave, Baton Rouge, LA 70810-7974LA2000-07$1,666,721
8Robert E Zetzmann Family Foundation326 Dorrington Blvd, Metairie, LA 70005-3816LA2002-03$1,599,210
9The Fritz Lang FoundationPO BOX 6300, Lake Charles, LA 70606-6300LA1996-03$1,573,573
10Wendell And Anne Gauthier Family Foundation730 Copal St, Mandeville, LA 70448-4510LA2003-02$1,460,514
11Showers Of Blessings Foundation12315 Morgan Meadow Ave, Baton Rouge, LA 70818-3924LA2012-08$1,079,562
12Chaparral Foundation Charitable Trust, Regions Bank Ttee333 Texas St Ste 1250, Shreveport, LA 71101-3676LA2010-04$761,319
13James D Moncus Family Foundation211 Meridian Ave, Lafayette, LA 70508-7234LA2009-10$732,996
14Salutare Deum Foundation817 Hickory Ave, Harahan, LA 70123-3110LA2008-03$662,284
15Rucks Family Foundation600 Jefferson St Ste 701 # 11, Lafayette, LA 70501-8921LA2001-11$537,674
16The Oliver G Richard Iii And Donna Guzman Richard Family Charitable1301 Shell Beach Dr, Lake Charles, LA 70601-5653LA2001-11$419,586
17Salsbury Foundation671 River Highlands Blvd, Covington, LA 70433-8987LA2010-06$348,275
18Billy & Clara Mosing Foundation115 Wembley Rd, Lafayette, LA 70503-3568LA2011-05$291,810
19The@rosemary Ewing Foundation, Ewing Randy Ttee923 N Trenton St, Ruston, LA 71270-3327LA2005-11$213,778
20Roy And M Permenter Charitable TrPO BOX 61540, New Orleans, LA 70161-1540LA2002-04$206,919
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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