Buford Foundation
- Assets
- $733.1k
- Revenue
- $104.0k
- Investments
- $544.3k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1999
- Data as of
- 12/2018
- EIN
- 75-2791126
Organization Overview
Buford Foundation is located in Dallas, TX. The organization was established in 1999. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2018, Buford Foundation generated $104.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $952.5k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFORD FOUNDATION ENGAGES WITH FAITH-BASED CHARITABLE ORGANIZATIONS TO INCREASE THEIR IMPACT ON SOCIETY. THE FOUNDATION STUDIES ORGANIZATIONS TO DETERMINE THEIR OVERALL EFFECTIVENESS AND POTENTIAL FOR SOCIAL IMPACT. THE FOUNDATION MAY CHOOSE TO SERVE THE ORGANIZATION BY WORKING ALONGSIDE ITS LEADERS TO INCREASE THEIR EFFECTIVENESS. SERVING AN ORGANIZATION TYPICALLY CONSISTS OF BRINGING LIKE-MINDED EXPERTS, OR STRATEGIC PLANNING/MISSION CLARIFICATION/CUSTOMER-BASED TOOLS TO THE PROJECT TO HELP TAKE THE NEXT STEP IN THE ACCOMPLISHMENT OF THEIR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B J Engle-Williamson Corporate Secretary | 40 | $99,996 | |
Bob Buford Chairman | 32 | $5,568 | |
Tom Luce Vice Chairman | 1 | $0 | |
Linda Buford Board Member | 1 | $0 | |
Vance Maultsby Board Member | 1 | $0 | |
Robert Lewis Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,185 |
| Capital Gain Net Income | $3,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $80,014 |
| Total Revenue | $104,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,564 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,328 |
| Interest | $0 |
| Taxes | $144 |
| Depreciation | $674 |
| Occupancy | $18,621 |
| Travel, conferences, and meetings | $1,683 |
| Printing and publications | $0 |
| Other expenses | $34,898 |
| Total operating and administrative expenses | $202,520 |
| Contributions, gifts, grants paid | $750,000 |
| Total expenses and disbursements | $952,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,428 |
| Savings and temporary cash investments | $150,345 |
| Net Accounts receivable | $28 |
| 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 | $544,338 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $733,139 |
| Accounts payable and accrued expenses | $260,558 |
| 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 | $260,558 |
Grants Awarded
Over the last fiscal year, Buford Foundation has awarded $750,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: GENERAL SUPPORT | $250,000 |
LEADERSHIP NETWORK PURPOSE: GENERAL SUPPORT | $250,000 |
CHURCH PLANTING NETWORK PURPOSE: EXPANSION OF THE LCS TO REACH YOUNG EMERGING LEADERS; DEVELOPMENT OF NEW LEADER MULTIPLICATION PIPELINE PROCESS; DEVELOPMENT OF NEW ONLINE ASSESSMENT TOOLS; AND DEVELOPMENT OF A NEW CONTENT DISTRIBUTION SITE | $100,000 |
MULTIPLIERS PURPOSE: FOR THE CREATION AND OPERATION OF THE BUFORD ONLINE LIBRARY | $100,000 |
DOWNLINE LITTLE ROCK PURPOSE: FOR THE COMPLETION OF DOWNLINE ESPANOL AND THE DEVELOPMENT OF THE DOWNLINE MULTIPLICATION PROCESS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |