Buddy Hoffman Foundation
- Assets
- $1.3m
- Revenue
- $593.7k
- Investments
- $1.3m
- Employees
- 6
- Location
- Snellville, GA
- Founding
- 02/2020
- Data as of
- 12/2019
- EIN
- 83-2870278
Organization Overview
Buddy Hoffman Foundation is located in Snellville, GA. The organization was established in 2020. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Buddy Hoffman Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Hoffman 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 12/2019, Buddy Hoffman Foundation generated $593.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.6%) each year. All expenses for the organization totaled $478.6k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
RAISE UP RELIGIOUS LEADERS, PLANT CHURCHES, & CATALYZE JESUS MOVEMENTS IN THE MUSLIM WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUDDY HOFFMAN FOUNDATION WORKS WITH THE GRACE FAMILY OF CHURCHES TO IDENTIFY AND RAISE UP NEXT GENERATION LEADERS. THESE YOUNG LEADERS ARE DISCIPLED THROUGH RELATIONSHIPS AND HANDS ON LEARNING IN ORDER TO PREPARE THEM TO LEAD NEW CHURCH PLANTS AND FURTHER THE KINGDOM OF GOD. TWENTY-TWO INDIVIDUALS WERE DISCIPLED IN 2019 THROUGH OUR FELLOWSHIP PROGRAM AND SENT OUT TO MAKE AN IMPACT AS PART OF THE GREAT COMMISSION. IN ADDITION TO DISCIPLING THESE INDIVIDUALS THROUGH THE GRACE FAMILY OF CHURCHES, THREE GRACE CHURCHES WERE FINANCIALLY SUPPORTED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Reynolds Executive Director | Officer | 15 | $35,722 |
Rus Mazza Secretary Of The Board | OfficerTrustee | 1 | $0 |
Danny Spinks Ceo, Chairman Of The Board | OfficerTrustee | 1 | $0 |
Will Heffner Cfo, Treasurer Of The Board | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,705 |
| Total Program Service Revenue | $0 |
| Investment income | $58,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $305,357 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,722 |
| Compensation of current officers, directors, key employees. | $6,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $535 |
| Fees for services: Accounting | $10,800 |
| 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 | $6,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $478,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,699 |
| 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 | $1,284,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,203 |
| Total assets | $1,336,955 |
| Accounts payable and accrued expenses | $13,930 |
| 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 | $0 |
| Total liabilities | $13,930 |
| Net assets without donor restrictions | $1,323,025 |
| 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 | $1,336,955 |
Grants Awarded
Over the last fiscal year, Buddy Hoffman Foundation has awarded $305,357 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE FELLOWSHIP CHURCH PURPOSE: Support for new start up campus - salaries, program costs | $241,820 |
Atlanta, GA PURPOSE: Cover costs of annual Grace Family of Churches fundraiser | $31,870 |
Washington, DC PURPOSE: Support for new start up campus - salaries, program costs | $31,667 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buddy Hoffman Foundation has recieved totaling $29,984.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $22,484 |
Passman For People Foundation Inc Columbus, GA PURPOSE: PROGRAM SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Cross International Inc Pompano Beach, FL | $1,626,437 | $52,631,066 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ligonier Ministries Inc Sanford, FL | $54,142,799 | $25,858,613 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |