Samuel G Busada Foundation
- Assets
- $668.0k
- Revenue
- $14.9k
- Investments
- $620.5k
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-1932632
Organization Overview
Samuel G Busada Foundation is located in Wichita, KS. The organization was established in 2018. 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. Samuel G Busada Foundation 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 12/2023, Samuel G Busada Foundation generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $146.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Samuel G Busada Foundation has awarded 20 individual grants totaling $1,481,593. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric S Namee President | 25 | $20,000 | |
Tracy L Namee Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $492 |
| Dividends & Interest | $7,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,996 |
| Capital Gain Net Income | $6,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $519 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $796 |
| Printing and publications | $0 |
| Other expenses | -$25 |
| Total operating and administrative expenses | $36,117 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $146,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,621 |
| Savings and temporary cash investments | $3,912 |
| 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 | $620,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $667,997 |
| 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 | $322 |
| Total liabilities | $322 |
Grants Awarded
Over the last fiscal year, Samuel G Busada Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WSU FOUNDATION PURPOSE: PROGRAM SUPPORT. | $50,000 |
FARAH FOUNDATION PURPOSE: PASS THROUGH GRANT TO ORTHODOX VENTURE PHILANTHROPY FOR ORGANIZATION SUPPORT. | $60,000 |