Budget Buddies Inc
- Assets
- $902.6k
- Revenue
- $903.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Boston, MA
- Founding
- 03/2012
- Data as of
- 06/2021
- EIN
- 90-0688545
Organization Overview
Budget Buddies Inc is located in Boston, MA. The organization was established in 2012. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 06/2021, Budget Buddies Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Budget Buddies 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 06/2021, Budget Buddies Inc generated $903.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $541.0k during the year ending 06/2021. While expenses have increased by 15.2% 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
BUDGET BUDDIES, INC. PROVIDES FINANCIAL WELLNESS PROGRAMS FOR WOMEN ON LOW INCOMES IN THE STATE OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUDGET BUDDIES BRINGS FINANCIAL LITERACY PROGRAMMING TO LOW-INCOME WOMEN. BUDGET BUDDIES RECRUITS, TRAINS, AND SUPPORTS COACHES WHO MENTOR PROGRAM PARTICIPANTS, AND PROVIDES THE PRESENTERS AND MATERIALS FOR WORKSHOPS ON BASIC MONEY MANAGEMENT SKILLS. THIS FISCAL YEARS, BUDGET BUDDIES PARTNERED WITH SOCIAL SERVICE AGENCIES IN THE BOSTON AREA TO BRING FINANCIAL LITERACY PROGRAMMING TO THEIR CLIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Piskadlo Executive Di | Officer | 40 | $97,125 |
Anne Muita Treasurer | OfficerTrustee | 2 | $0 |
Robin Toof Chair | OfficerTrustee | 2 | $0 |
Brandie Conforti Vice Chair | Trustee | 2 | $0 |
Shandra Gardiner Clerk | Trustee | 2 | $0 |
Darlene Hagan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,409 |
| Investment income | $2,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,775 |
| Net Income from Fundraising Events | $367 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $903,739 |
| Statement of Expenses | |
|---|---|
| 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. | $101,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,907 |
| Pension plan accruals and contributions | $599 |
| Other employee benefits | $7,787 |
| Payroll taxes | $36,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,506 |
| Advertising and promotion | $1,710 |
| Office expenses | $13,193 |
| Information technology | $17,204 |
| Royalties | $0 |
| Occupancy | $7,445 |
| Travel | $677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,315 |
| Insurance | $4,948 |
| All other expenses | $0 |
| Total functional expenses | $541,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,000 |
| 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 | $3,777 |
| Investments—publicly traded securities | $421,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $902,646 |
| Accounts payable and accrued expenses | $48,747 |
| 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 | $48,747 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $853,899 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Budget Buddies Inc has recieved totaling $369,911.
| Awarding Organization | Amount |
|---|---|
Next Level Social Impact Partners Inc Sherborn, MA PURPOSE: ORGANIZATION'S STRATEGIC PLAN | $75,000 |
Fidelity Foundation Boston, MA PURPOSE: CONSULTING | $50,000 |
Womens Foundation Of Boston Inc Boston, MA PURPOSE: PROGRAM SUPPORT | $45,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $35,333 |
Essex County Community Foundation Incorporated Danvers, MA | | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Consumer Credit Counseling Inc Auburndale, MA | $18,184,034 | $13,306,197 |
Cambridge Credit Counseling Corp Agawam, MA | $10,545,696 | $7,101,425 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |
New Haven Homeownership Center Inc New Haven, CT | $925,496 | $726,500 |
Grow Brooklyn Inc Brooklyn, NY | $930,864 | $1,128,015 |
Neighborhood Housing Services Of Brooklyn Bedford-Stuyvesant Cdc In Brooklyn, NY | $839,212 | $801,648 |