Buddy Cruise Inc
- Assets
- $233.2k
- Revenue
- $234.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lithia, FL
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 94-3450962
Organization Overview
Buddy Cruise Inc is located in Lithia, FL. The organization was established in 2009. According to its NTEE Classification (G25) the organization is classified as: Down Syndrome, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Cruise 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 12/2023, Buddy Cruise Inc generated $234.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $152.8k during the year ending 12/2023. While expenses have increased by 14.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES AND RESOURCES FOR FAMILIES, PROMOTE AWARENESS, ACCEPTANCE, AND INCLUSION FOR INDIVIDUALS WITH DOWN SYNDROME AND DEVELOPMENTAL DELAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ASSOCIATED WITH PROVIDING EXPERT PRESENTERS FOR BUDDY CRUISE CONFERENCE AND EVENTS. EDUCATIONAL RESOURCES FOR FAMILIES TOUCHED BY SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Hayden Arnoldson Director | OfficerTrustee | 20 | $21,600 |
Melissa Caylor Director | OfficerTrustee | 15 | $14,400 |
Jorge Arnoldson Director | OfficerTrustee | 10 | $0 |
Richard J Hayden Director | OfficerTrustee | 10 | $0 |
Troy Mcclain Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,604 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,330 |
| Total Program Service Revenue | $87,692 |
| Investment income | $1,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,777 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $577 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $482 |
| Office expenses | $2,426 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,040 |
| Travel | $4,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $99 |
| All other expenses | $10,475 |
| Total functional expenses | $152,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,001 |
| 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 | $181,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125 |
| Total assets | $233,210 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,855 |
| Total liabilities | $3,855 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $229,355 |
| Total liabilities and net assets/fund balances | $233,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Space Coast Discovery Inc West Melbourne, FL | $3,269,101 | $2,044,980 |
National Down Syndrome Congress Roswell, GA | $305,791 | $1,419,457 |
Gold Coast Down Syndrome Organization Inc Boca Raton, FL | $1,109,877 | $433,795 |
Possible Dream Foundation Inc Miami, FL | $0 | $0 |
National Hbpa Inc Oldsmar, FL | $573,708 | $335,741 |
Miracle Mullen Downs Foundation Birmingham, AL | $64,403 | $0 |
Buddy Cruise Inc Lithia, FL | $233,210 | $234,245 |
Down Syndrome Association Of Miami Inc Miami, FL | $413,915 | $0 |
Manasota Buds Inc Bradenton, FL | $223,675 | $0 |
Down Syndrome Supported Living Inc Cape Coral, FL | $123,237 | $0 |
Colton Society Inc South Daytona, FL | $25,545 | $0 |
The Falcons Nest Inc West Palm Beach, FL | $7,075 | $33,461 |
Cfsknowledgecenter Inc West Palm Beach, FL | $26,503 | $0 |
Montgomery Area Down Sydromeoutreach Group Inc Montgomery, AL | $150,415 | $21,389 |