Buddy Fund
- Assets
- $573.4k
- Revenue
- $315.4k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 06/1964
- Data as of
- 12/2022
- EIN
- 23-7024008
Organization Overview
Buddy Fund is located in St Louis, MO. The organization was established in 1964. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Fund 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, Buddy Fund generated $315.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $321.0k during the year ending 12/2022. While expenses have increased by 20.5% 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 2017, Buddy Fund has awarded 133 individual grants totaling $374,177. 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
TO SERVE LOCAL AT-RISK YOUTH IN PARTNERSHIP WITH DEDICATED SCHOOLS, RECREATION, AND YOUTH ORGANIZATIONS BY PROVIDING NEW SPORTS AND RECREATION EQUIPMENT TO CREATE OPPORTUNITIES FOR DEVELOPMENT OF THEIR PHYSICAL AND MENTAL HEALTH, CONFIDENCE AND CHARACTER, TEAMWORK AND RESPECT FOR OTHERS, AND ACADEMIC EXPECTATIONS AND PERSONAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUDDY FUND PROVIDED NEW AND SAFE ATHLETIC EQUIPMENT TO OVER 50 ORGANIZATIONS SUPPORTING AT-RISK UNDERSERVED YOUTH IN THE METROPOLITAN ST. LOUIS REGION. THIS EQUIPMENT PURCHASED AT WHOLESALE PRICES WAS DELIVERED DIRECTLY TO EACH RECIPIENT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Murch Chairman | OfficerTrustee | 10 | $0 |
Bruce Conner Board Member | Trustee | 1 | $0 |
Chris Ferrari Board Member | Trustee | 1 | $0 |
George G Kriegshauser Board Member | Trustee | 1 | $0 |
George W Kriegshauser Board Member | Trustee | 1 | $0 |
Bill Lawson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $359,379 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,971 |
| Noncash contributions included in lines 1a–1f | $99,553 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,350 |
| Total Program Service Revenue | $0 |
| Investment income | $909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$104,961 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,191 |
| Grants and other assistance to domestic individuals. | $42,207 |
| 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 | $79,138 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,409 |
| 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 | $321,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,359 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,359 |
| 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 | $14,308 |
| Total liabilities | $14,308 |
| Net assets without donor restrictions | $559,051 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $573,359 |
Grants Awarded
Over the last fiscal year, Buddy Fund has awarded $48,056 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GIRL SCOUTS OF EASTERN MISSOURI PURPOSE: YOUTH SPORTS | $5,076 |
JACKIE JOYNER-KERSEE FOUNDATION PURPOSE: YOUTH SPORTS | $7,645 |
ST CECILIA SCHOOL PURPOSE: YOUTH SPORTS | $5,508 |
SALVATION ARMY GATEWAY CITADEL PURPOSE: YOUTH SPORTS | $5,202 |
LOU FUSZ ATHLETICS PURPOSE: YOUTH SPORTS | $6,000 |
YOUNG MENS CHRISTIAN ASSOCIATION PURPOSE: YOUTH SPORTS | $12,566 |