The Buddy Program Inc
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $63.9k
- Employees
- 34
- Location
- Aspen, CO
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 74-2594693
Organization Overview
The Buddy Program Inc is located in Aspen, CO. The organization was established in 1991. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Buddy Program Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Program 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 12/2021, Buddy Program Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)THE BUDDY PROGRAM EMPOWERS YOUTH THROUGH MENTORING EXPERIENCES IN ORDER TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY/SCHOOL-BASED PROGRAM YOUTH AGES 6 TO 18 ARE PAIRED WITH CARING, RESPONSIBLE, ADULT MENTORS MEETING 3-4 TIMES PER MONTH.
PEER-TO-PEER PROGRAM ELEMENTARY AND MIDDLE SCHOOL YOUTH ARE PAIRED WITH HIGH SCHOOL VOLUNTEER MENTORS TO MEET WEEKLY THROUGH THE SCHOOL YEAR.
LEAD: LEADERSHIP THROUGH EXPLORATION, ACTION AND DEVELOPMENT (EXPERIENTIAL)PROGRAMEDUCATING YOUTH IN GRADES 8-12 IN A GROUP SETTING ON TOPICS OF LEADERSHIP, LIFESKILLS, AND OUTDOOR AND ENVIRONMENTAL ISSUES, WHILE DEVELOPING DEEP PEER CONNECTIONS.
HIGHER EDUCATION SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Lofaro Executive Director | 40 | $142,317 | |
Lennie Weinglass Chairman | OfficerTrustee | 1 | $0 |
Mark Iola President | OfficerTrustee | 3 | $0 |
Michael Connolly Sec/treasurer | OfficerTrustee | 3 | $0 |
Jenny Elliot Finance Committee Director | Trustee | 1 | $0 |
Erin Becker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $905,014 |
| Related organizations | $0 |
| Government grants | $341,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,266 |
| Noncash contributions included in lines 1a–1f | $3,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,838,984 |
| Total Program Service Revenue | $0 |
| Investment income | $24,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $79,458 |
| Net Income from Fundraising Events | $91,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,020,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,864 |
| Compensation of current officers, directors, key employees. | $16,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,244 |
| Payroll taxes | $73,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,904 |
| Office expenses | $4,644 |
| Information technology | $42,119 |
| Royalties | $0 |
| Occupancy | $37,155 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,585 |
| Insurance | $21,771 |
| All other expenses | $21,645 |
| Total functional expenses | $1,548,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,908 |
| Savings and temporary cash investments | $564,323 |
| Pledges and grants receivable | $68,596 |
| 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 | $19,177 |
| Net Land, buildings, and equipment | $61,145 |
| Investments—publicly traded securities | $1,562,717 |
| Investments—other securities | $63,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,271 |
| Total assets | $2,449,078 |
| Accounts payable and accrued expenses | $68,408 |
| Grants payable | $0 |
| Deferred revenue | $23,222 |
| 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 | $10,426 |
| Total liabilities | $102,056 |
| Net assets without donor restrictions | $1,916,407 |
| Net assets with donor restrictions | $430,615 |
| 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 | $2,449,078 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that The Buddy Program Inc has recieved totaling $359,390.
| Awarding Organization | Amount |
|---|---|
Aspen Community Foundation Basalt, CO PURPOSE: GENERAL SUPPORT | $68,000 |
The Colorado Health Foundation Denver, CO PURPOSE: NURTURE HEALTHY MINDS | $48,593 |
| $28,000 | |
The Andrew Cader Foundation Inc Lake Success, NY PURPOSE: FOR MENTORING PROGRAMS. | $27,500 |
Louis And Harold Price Foundation Inc Woodbridge, NJ PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Fullerton Family Charitable Fund Aspen, CO PURPOSE: GENERAL OPERATIONS | $25,000 |
Endowment Analysis
| Beg. Balance | $420,196 |
| Ending Balance | $420,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Persevere Salt Lake City, UT | $1,046,910 | $4,361,245 |
Teammates Mentoring Program Lincoln, NE | $5,083,160 | $3,696,203 |
The Buddy Program Inc Aspen, CO | $2,449,078 | $2,020,434 |
John Smithwick Ministries International Catoosa, OK | $2,166,254 | $1,466,481 |
Teammates Mentoring Program Lincoln, NE | $6,707,192 | $2,579,923 |
Larimer County Partners Inc Fort Collins, CO | $705,399 | $1,091,154 |
Denver Youth Program Denver, CO | $812,703 | $1,447,052 |
Friends Of The Children - Utah Kearns, UT | $826,822 | $752,684 |
Pass It On Outdoor Mentors Inc Wichita, KS | $101,994 | $408,062 |
San Miguel Mentoring Program Telluride, CO | $221,174 | $191,481 |
Huerfano County Youth Services Walsenburg, CO | $54,241 | $0 |
Tulsa Hills Youth Ranch Foundation Tulsa, OK | $185,628 | $173,516 |