2024-06-14T13:14:32-05:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-01-01 822116378 BUILDING CHARTERS FUND INC BUIL 2125717260 180 VARICK STREET 1414 NEW YORK NY 10014 BRAHM CRAMER TREASURER 2125717260 2024-06-14 1 BRAHM CRAMER XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2024-06-14 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z BUDDY PHILPOT 180 VARICK STREET 1414 NEW YORK NY 10014 19001730 0 X N/A X 2017 DE TO PROVIDE TECHNICAL ASSISTANCE AND CAPITAL FUNDING FROM PRIVATE AND PHILANTHROPIC SOURCES TO SUPPORT FACILITY DEVELOPMENTS OF HIGH PERFORMING PUBLIC CHARTER SCHOOLS. 3 3 0 3 0 0 0 12000000 4866054 6307202 4452 694528 0 0 4870506 19001730 0 0 0 0 0 0 0 0 0 5422522 7632794 5422522 7632794 -552016 11368936 127614696 186804831 127223621 175169493 391075 11635338 X BCF WAS ESTABLISHED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CIVIC BUILDERS, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS, A COLORADO NOT-FOR-PROFIT CORPORATION, AND SUCH OTHER QUALIFIED PUBLIC CHARITIES THAT EXIST TO SUPPORT CHARTER SCHOOL FACILITIES AS BCF'S MEMBERS AND BOARD OF DIRECTORS MAY DESIGNATE FROM TIME TO TIME. 0 0 7495401 0 6307202 IN 2023, THE FACILITIES INVESTMENT FUND COMMITTED APPROXIMATELY $14 MILLION DOLLARS TO A NEW CHARTER SCHOOL PROJECT WHICH WILL SERVE 970 CHARTER SCHOOL STUDENTS IN NEW YORK. 7495401 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 0 NY X X BRAHM CRAMER 2125717260 C/O CIVIC BUILDERS 180 VARICK NEW YORK NY 10014 X BUDDY PHILPOT PRESIDENT 4.00 0.00 X X 0 0 0 BRAHM CRAMER TREASURER 4.00 2.00 X X 0 0 0 SCOTT PEARSON SECRETARY 4.00 2.00 X X 0 0 0 0 0 0 0 0 0 0 CIVIC FUND MANAGER 3 LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 ASSET MANAGEMENT 1739611 CIVIC FUND MANAGER LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 ASSET MANAGEMENT 159135 2 12000000 12000000 PGRM RELATED INTEREST 900099 6168202 6168202 PGRM LOAN FEE INCOME 900099 139000 139000 6307202 694528 694528 19001730 6307202 0 694528 1898746 1898746 9769 9769 72430 72430 44698 44698 11100 11100 50983 50983 5335602 5335602 195486 195486 13980 13980 7632794 7495401 137393 0 10054898 23785165 7799944 22035632 84564 1690 1936 1857 107426268 139304308 2247086 1676179 127614696 186804831 421310 639106 119002368 164450666 7799943 10079721 127223621 175169493 X 391075 -364662 0 12000000 391075 11635338 127614696 186804831 X 11368936 -124673 X X 0 1 X 0 1 1 X X X 2 CIVIC BUILDERS INC 043635313 7 1 0 0 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 841553195 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LOANS RECEIVABLE 139304308 F 139304308 BORROWER RESERVE 10079721 10079721 X 19001730 0 19001730 0 19001730 7632794 0 7632794 0 7632794 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE TAX PERIODS SINCE 2020 REMAIN OPEN TO EXAMINATION. FORM 990, PART V, LINE 1A: FORM 1099S ARE ISSUED BY THE FILING ORGANIZATION AND BY ITS DISREGARDED ENTITIES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S DISREGARDED ENTITIES: - UNITRANCHE CAPITAL FUND LLC (UCF) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER LLC (CFM). PER THE AGREEMENT, CFM ACT AS THE FUND MANAGER OF UCF. CFM FURNISHES SERVICES IN CONNECTION TO THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF. THE MANAGEMENT FEE ACCRUED IN 2023 FOR CFM WAS $159,135. - UNITRANCHE CAPITAL FUND 2 LLC (UCF2) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER 3 LLC (CFM3). PER THE AGREEMENT, CFM3 ACTS AS THE FUND MANAGER OF UCF2. CFM3 FURNISHES SERVICES IN CONNECTION THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF2. THE MANAGEMENT FEE ACCRUED IN 2023 FOR CFM3 WAS $464,409. - UNITRANCHE CAPITAL FUND 3 LLC (UCF3) HAS A MANAGEMENT/OPERATING AGREEMENT WITH CIVIC BUILDERS, INC.'S DISREGARDED ENTITY, CIVIC FUND MANAGER 3 LLC (CFM3). PER THE AGREEMENT, CFM3 ACTS AS THE FUND MANAGER OF UCF3. CFM3 FURNISHES SERVICES IN CONNECTION THE ORIGINATION UNDERWRITING OF LOANS AND THE MANAGEMENT OF LOANS AND OTHER ASSETS HELD BY UCF3. THE MANAGEMENT FEE ACCRUED IN 2023 FOR CFM3 WAS $1,275,202. NO INDIVIDUAL REPORTED ON FORM 990, PART VII, SECTION A WAS PAID BY CIVIC BUILDERS, INC., CIVIC FUND MANAGER LLC OR CIVIC FUND MANAGER 3 LLC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THE FOLLOWING MEMBERS WITHIN A SINGLE CLASS OF MEMBERSHIP, BUT WITH DIFFERING RIGHTS: CIVIC BUILDERS, INC., THE NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS, AND THE WALTON FAMILY FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A TWO OF THE MEMBERS, CIVIC BUILDERS, INC. AND NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS HAVE THE RIGHT TO APPOINT THE MAJORITY OF THE ORGANIZATION'S DIRECTORS. THE THIRD MEMBER, WALTON FAMILY FOUNDATION, HAS THE RIGHT TO APPOINT THE REMAINDER OF THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B WALTON FAMILY FOUNDATION MAY REMOVE DIRECTORS WHICH IT HAS APPOINTED. ANY OTHER DIRECTORS MAY BE REMOVED BY A VOTE OF THE MAJORITY OF THE MEMBERS. AMENDMENTS TO THE BYLAWS ARE SUBJECT TO THE APPROVAL OF THE MAJORITY OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES THAT ARE MADE UP OF THE BOARD MEMBERS. THE CURRENT BOARD OVERSEES ALL AREAS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM WHICH IS THEN REVIEWED BY CIVIC BUILDERS, INC.'S MANAGEMENT PRIOR TO DISTRIBUTION TO ALL BOARD MEMBERS (BY HARD COPY OR ELECTRONICALLY) FOR THEIR REVIEW. ONCE THE FORM 990 IS REVIEWED BY THE BOARD, THE RETURN IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BUILDING CHARTERS FUND, INC. (BCF) HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS MONITORED AND ENFORCED ANNUALLY. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF THE GOVERNING BODY AND OFFICERS, ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OF DIRECTORS MEETING, BUT AFTER THE PRESENTATION, HE/SHE MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND FOR DETERMINING WHETHER A MORE ADVANTAGEOUS TRANSACTION CAN BE OBTAINED WITHOUT GIVING RISE TO A CONFLICT OF INTEREST. THE MINUTES OF THE BOARD OF DIRECTORS MUST CONTAIN: A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG, AS WELL AS OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS OF INTEREST RATE SWAP AGREEMENTS -124,673. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNITRANCHE CAPITAL FUND LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 822307858 PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS DE 696638 14366460 BUILDING CHARTERS FUND INC UNITRANCHE CAPITAL FUND 2 LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 851187834 PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS DE 4753412 107510781 BUILDING CHARTERS FUND INC UNITRANCHE CAPITAL FUND 3 LLC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 873712460 PROVIDES LOANS TO SUPPORT CHARTER SCHOOLS DE 1145554 40472569 BUILDING CHARTERS FUND INC CIVIC BUILDERS INC 180 VARICK STREET SUITE 1414 NEW YORK NY 10014 043635313 PROVIDES CHARTER SCHOOL FACILITIES SUPPORT NY 501(C)3 LINE 7 N/A 0 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 105 WEST ADAMS STREET CHICAGO IL 60603 841553195 PROMOTES ESTABLISHMENT AND OPERATION OF QUALITY CHARTER SCHOOLS CO 501(C)3 LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0