Buchman Foundation Inc
- Assets
- $821.7k
- Revenue
- $52.4k
- Investments
- $807.1k
- Employees
- 0
- Location
- Catskill, NY
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-3038264
Organization Overview
Buchman Foundation Inc is located in Catskill, NY. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buchman 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, Buchman Foundation Inc generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $90.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Buchman Foundation Inc has awarded 129 individual grants totaling $468,873. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO HONOR THE MEMORIES OF LOUIS AND NATALIE BUCHMAN BY DISTRIBUTING ASSETS TO ONE OR MORE CHARITABLE ORGANIZATIONS DESCRIBED IN SEC 170(C), 2055(A), AND 2522(A) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoe B Zak President | 0 | $12,000 | |
Angela Ohara Treasurer | 0 | $6,000 | |
Deborah Buchman Stehr Secretary | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $108 |
| Dividends & Interest | $22,929 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,340 |
| Capital Gain Net Income | $29,340 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,826 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,130 |
| Total operating and administrative expenses | $34,434 |
| Contributions, gifts, grants paid | $56,500 |
| Total expenses and disbursements | $90,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,608 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $821,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Buchman Foundation Inc has awarded $56,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD LUBAVITCH OF ULSTER COUNTY PURPOSE: GENERAL FUND | $5,000 |
JEWISH FEDERATION OF NORTHEASTERN N PURPOSE: RESOURCES TO HELP COMMUNITY NEEDS | $1,500 |
TEMPLE ISRAEL OF CATSKILL PURPOSE: MUSIC PROGRAM | $26,500 |
RAVENSBEARD WILDLIFE CENTER PURPOSE: TO SERVE THE COMMUNITY'S NEEDS | $500 |
THE SAGE COLLEGES PURPOSE: TO SUPPORT GOOD WORK CHARITIES - BUCHMAN ENDOWMENT FUND | $10,000 |
JEWISH FEDERATION OF ULSTER COUNTY PURPOSE: RESOURCES TO HELP THE COMMUNITY NEEDS | $500 |