Busby Foundation
- Assets
- $889.3k
- Revenue
- $115.3k
- Investments
- $777.2k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-2486640
Organization Overview
Busby Foundation is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Busby Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Busby Foundation generated $115.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $112.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS LIVING IN THE GREATER AUSTIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS DIAGNOSED WITH AMYOTROPHIC LATERAL SCLEROSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hunter Lankford Co-President | Trustee | 1 | $0 |
Richard Anderson Treasurer,director | Trustee | 1 | $0 |
Paul Gerling Director | Trustee | 0 | $0 |
Clark Jernigan Director | Trustee | 0 | $0 |
Matthew Vitek Director | Trustee | 0 | $0 |
Jeff Nowling Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,448 |
| Total Program Service Revenue | $0 |
| Investment income | $13,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $82,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,070 |
| Advertising and promotion | $0 |
| Office expenses | $1,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $112,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,484 |
| Savings and temporary cash investments | $76,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,235 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $777,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,257 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $349,381 |
| Net assets with donor restrictions | $539,876 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $889,257 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Busby Foundation has recieved totaling $113.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $113 |
Endowment Analysis
| Beg. Balance | $597,549 |
| Earnings | $49,002 |
| Ending Balance | $646,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recovery Resource Council Fort Worth, TX | $4,759,649 | $9,904,846 |
Sanford P & Irene F Burnstein Charitable Foundation Tulsa, OK | $81,529,191 | $9,320,612 |
Chi St Josephs Children Albuquerque, NM | $107,979,051 | $7,915,838 |
Hoy Recovery Program Inc Espanola, NM | $1,722,107 | $2,184,561 |
Halo House Foundation Houston, TX | $16,177,181 | $1,104,819 |
Apple Group Inc Jonesboro, AR | $624,729 | $1,402,805 |
Houston Va Research & Education Foundation Houston, TX | $8,399,149 | $1,838,829 |
Face To Face Enrichment Center Hammond, LA | $70,764 | $435,702 |
Sturge-Weber Foundation Houston, TX | $522,921 | $376,017 |
El Paso Diabetes Association Inc El Paso, TX | $281,963 | $572,135 |
Imagine A Way Leander, TX | $1,264,102 | $735,284 |
American Syringomyelia Alliance Project Inc Longview, TX | $3,398,622 | $1,211,738 |