Buckingham Foundation Inc
- Assets
- $35.4m
- Revenue
- $9.1m
- Investments
- $19.9k
- Employees
- 3
- Location
- Indianapolis, IN
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-2825177
Organization Overview
Buckingham Foundation Inc is located in Indianapolis, IN. The organization was established in 2006. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Buckingham Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckingham Foundation Inc 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 12/2022, Buckingham Foundation Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Buckingham Foundation Inc has awarded 65 individual grants totaling $1,666,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AFFORDABLE HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT, AND ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRADFORD RUN PROVIDED 292 APARTMENT UNITS RANGING FROM 676 TO 1,480 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN KOKOMO, IN. SECTION 8 VOUCHERS ARE ACCEPTED.
BUCKINGHAM FOUNDATION MADE GRANTS TO 53 PUBLIC CHARITIES. PROMULGATED, SUPPORTED AND ENCOURAGED DEVELOPMENT, OPERATIONS AND SERVICES ASSOCIATED WITH THE PROVISION OF SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
SOMERSET APARTMENTS PROVIDED 121 APARTMENT UNITS WITH AN AVERAGE UNIT SIZE OF 1115 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN MARION, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley B Chambers Director, President | OfficerTrustee | 1 | $0 |
Kent Manuel Director, Treasurer | OfficerTrustee | 0.1 | $0 |
Matt Ehinger Director, Secretary | OfficerTrustee | 0.1 | $0 |
Ashley Parker Director Of Philanthropy | 45 | $101,423 |
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 | $193,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,336 |
| Total Program Service Revenue | $4,016,815 |
| Investment income | $32,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,827,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,070,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $448,320 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,625 |
| Compensation of current officers, directors, key employees. | $87,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $653,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $166,249 |
| Fees for services: Management | $175,175 |
| Fees for services: Legal | $38,024 |
| Fees for services: Accounting | $36,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,040 |
| Office expenses | $600,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,615 |
| Interest | $1,034,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $925,700 |
| Insurance | $162,746 |
| All other expenses | $3,664 |
| Total functional expenses | $5,197,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,668,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,255,760 |
| 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 | $91,974 |
| Net Land, buildings, and equipment | $21,755,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,925 |
| Investments—program-related | $0 |
| Intangible assets | $289,398 |
| Other assets | $290,643 |
| Total assets | $35,371,283 |
| Accounts payable and accrued expenses | $894,458 |
| Grants payable | $200,000 |
| 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 | $26,925,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,380 |
| Total liabilities | $28,135,838 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$83,108 |
| Retained earnings, endowment, accumulated income, or other funds | $7,318,553 |
| Total liabilities and net assets/fund balances | $35,371,283 |
Grants Awarded
Over the last fiscal year, Buckingham Foundation Inc has awarded $369,100 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF CHALLENGING HEIGHTS PURPOSE: TO SUPPORT YOUTH DEVELOPMENT AND AFFORDABLE HOUSING IN AFRICA | $100,000 |
GLEANERS FOOD BANK PURPOSE: TO SUPPORT THE FOOD PANTRY | $20,000 |
FIRST BAPTIST ATHLETICS PURPOSE: TO SUPPORT YOUTH SPORTS PROGRAMS | $200,000 |
VILLAGE OF MERICI PURPOSE: TO SUPPORT RESIDENTIAL AND COMMUNITY OPPORTUNIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES | $10,000 |
NASHVILLE REPERTORY THEATER PURPOSE: TO SUPPORT CLASSIC AND CONTEMPORARY MUSICAL THEATER AND PLAYS | $10,000 |
REBUILDING TOGETHER NASHVILLE PURPOSE: TO SUPPORT THE RESTORATION AND REBUILDING OF HOMES FOR LOW-INCOME RESIDENTS | $7,500 |