Building Tomorrow's Schools Inc
Nonprofit profile at a glance
- EIN
- 872788097
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-N 2022
- Location
- Palm Beach Gardens, FL, USA
- Phone
- 5613092838
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $8,239,355
- Expenses
- $7,084,327
- Assets
- $60,067,325
- Liabilities
- $58,215,222
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- STEVE BRACY (BOARD MEMBER): $12,000 total reported compensation
- TISA L QUEEN-OLDHAM (BOARD MEMBER): $12,000 total reported compensation
- LEICHA SANMIGUEL (BOARD MEMBER): $12,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building tomorrow's schools, inc. ('bts') is a not-for-profit corporation formed to foster, promote and support academic excellence by addressing critical academic infrastructure and capacity needs through the development of strategic alliances, providing funding opportunities for local municipalities, schools, school districts and programs, and advancing educational initiatives designed to realize safe, secure and technologically advanced schools while also lessening the burdens on government in the area of education, especially to underserved populations.
What it reported doing in 2025
Building tomorrow's schools, inc. ('bts') is a not-for-profit corporation formed to foster, promote and support academic excellence by addressing critical academic infrastructure and capacity needs through the development of strategic alliances, providing funding opportunities for local municipalities, schools, school districts and programs, and advancing educational initiatives designed to realize safe, secure and technologically advanced schools while also lessening the burdens on government in the area of education, especially to underserved populations. Bts provides a facility-leasing program that allows a school district to make affordable annual payments and avoid unaffordable upfront capital outlays. By allowing school districts to make more judicious use of their capital outlay, this program also provides equity to students within older schools, usually located in low-income areas, that desperately need major renovations and safety improvements due to their age and outdated designs. Often these needs are not met due to the immediate necessity of providing new facilities in developing areas.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 97.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 8.48; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.97; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0.7%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: 51.5% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 59.3% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 97.5% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $6.9M in reported program spending
- Leadership: top reported pay $12K · 4 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 3/100.