Buddy Hoffman Foundation
- Assets
- $1.3m
- Revenue
- $627.6k
- Investments
- $1.2m
- Employees
- 5
- Location
- Snellville, GA
- Founding
- 02/2020
- Data as of
- 09/2023
- 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 09/2023, Buddy Hoffman Foundation employed 5 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 09/2023, Buddy Hoffman Foundation generated $627.6k 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 (20.6%) each year. All expenses for the organization totaled $735.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Buddy Hoffman Foundation has awarded 24 individual grants totaling $1,002,028. 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
2023
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. SEVENTEEN INDIVIDUALS WERE DISCIPLED IN 2023 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 CHURCH WERE FINANCIALLY SUPPORTED.
THE BUDDY HOFFMAN FOUNDATION IS COMMITTED TO CATALYZING JESUS MOVEMENTS IN THE MUSLIM WORLD. IN 2023 THEY FINANCIALLY SUPPORTED A MINISTRY WHOSE PURPOSE IS TO TRANSLATE BIBLE PASSAGES THAT HIGHLIGHT GOD'S PROMISED INHERITANCE TO MUSLIM FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ceo, President/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary Of The Board | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member / Executive Director | OfficerTrustee | 40 | $25,001 |
Name Not Listed Cfo, Treasurer Of The Board | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 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 | $537,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $537,196 |
| Total Program Service Revenue | $0 |
| Investment income | $61,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,300 |
| 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. | $76,416 |
| Compensation of current officers, directors, key employees. | $7,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,827 |
| Pension plan accruals and contributions | $2,475 |
| Other employee benefits | $50,804 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,548 |
| Office expenses | $30,830 |
| Information technology | $36,191 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,787 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,205 |
| All other expenses | $0 |
| Total functional expenses | $735,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,360 |
| 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 | $1,243,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,250,931 |
| Accounts payable and accrued expenses | $28,624 |
| 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 | $28,624 |
| Net assets without donor restrictions | $1,222,307 |
| 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 | $1,250,931 |
Grants Awarded
Over the last fiscal year, Buddy Hoffman Foundation has awarded $195,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE SNELLVILLE PURPOSE: Support for Fellowships/Leader training | $19,000 |
GRACE MONROE PURPOSE: Support for Fellowships/Leader training | $9,667 |
GRACE NEW HOPE INC PURPOSE: Support for Fellowships/Leader training | $16,833 |
GRACE MARIETTA INC PURPOSE: Support for Fellowships/Leader training | $34,667 |
GRACE MIDTOWN CHURCH INC PURPOSE: Support for Fellowships/Leader training | $16,000 |
GRACE CAPITAL CITY PURPOSE: Support for Fellowships/Leader training | $14,833 |