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BUILDING MARKETS LTD
Brooklyn, NY · EIN 980575195 · Form 990 · FY2024 · NTEE Q30 · International Affairs · Medium ($1M-$10M)
revenue
$2.0M
expenses
$3.0M
net assets
$630K
employees
9
program ratio
57%
mission · from form 990

Building Markets builds inclusive economies for small businesses (SMEs) so that all people have the opportunity to rise, Building Markets has supported more than 26,700 SMEs, assisted those businesses in winning $1.36 billion in contracts and $21 million in loans, and has helped create over 75,000 jobs across diverse markets like Turkey, Colombia, Jordan, Myanmar, Afghanistan, Liberia, and Haiti.

profile · synthesized from sources

Building Markets supports small and medium enterprises (SMEs) in fragile and emerging markets by connecting them to economic opportunities. The organization focuses on strengthening local economies, helping SMEs win contracts and access financing, and creating jobs. It operates in countries including Myanmar, Colombia, Jordan, Afghanistan, and Haiti.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $177K
    Building Markets works with recycling SMEs in Myanmar to help reduce waste and ensure that the collection rate for PTE and alluminium is higher for the market. In the past year Myamnars team helped increase the collection rate of PTEs by 18.6% amongst SMEs with whom we work.
  2. #2 $661K
    Building Markets works with SMEs that are owned or employ Venezuelan refugeesin Colombia. We work with these small businesses to strengthen their service offerings and connect them to new market opportunities.
named programs · 2 · from sources

What they call their work

Recycling SME Support
Works with recycling SMEs in Myanmar to reduce waste and increase collection rates for PET and aluminum; helped increase PET collection by 18.6% among partner businesses
Venezuelan Refugee SME Initiative
Supports SMEs in Colombia owned or employing Venezuelan refugees by strengthening services and connecting them to new market opportunities
activities · 3 groups

What they do

  • Community Recycling & Reuse Education 1 activity
    • Improving recycling enterprise performance in Myanmar
      Worked with small and medium recycling enterprises in Myanmar to increase the PTE collection rate by 18.6% among partner businesses.
  • Small Business Technical Assistance 1 activity
    • Strengthening economic opportunities for Venezuelan refugees through SME support in Colombia
      Provided direct support to small and medium enterprises in Colombia owned by or employing Venezuelan refugees, enhancing their service offerings and connecting them to new market opportunities.
  • Startup Acceleration & Business Growth Support 1 activity
    • Supporting small and medium enterprises with capacity building and market access
      Provided capacity-building support to over 26,700 small and medium enterprises globally, enabling them to secure $1.36 billion in contracts and $21 million in loans, and contributing to the creation of over 75,000 jobs.
financials · form 990 · fy2024
revenue
Total revenue$2.00M
Contributions & grants$1.93M97%
Program service revenue$64K3%
Investment income$4K0%
Other revenue$305
expenses
Total expenses$3.04M
Program expenses57%
Admin / overhead42%
Fundraising1%
Salaries & benefits$1.87M
Grants paid out$1K
Largest expense lineCompensation
balance sheet
Total assets$881K
Cash$820K
Investments$0
Liabilities$251K
Net assets$630K
Liquid reserves3.2 mo
5 years on record · 2019–2024 · YoY revenue -61.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
Radha Rajkotia Chief Executive Officer 40 $242K
Frank Hamilton Mcnutt Chief Operating Officer 40 $159K
Elizabeth Fairfield Brown Head Of Partnerships 40 $150K
board members · 4
  • Annie Duflo — Director
  • Ben Cushman — Board Chair
  • Kathrin Frauscher — Director
  • Paul Musser — Director
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Inclusive Economic Development through SME Strengthening
    methodology: inclusive-economic-development
    By strengthening small and medium enterprises, we expand economic opportunity and build more inclusive economies, because resilient local businesses create pathways to prosperity for underserved communities.