Buckingham Foundation INC FY2023 filing

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The foundation's primary mission is to serve a critical role to proactively initiate positive change in the areas of affordable housing; community and economic development; and arts and culture. The Foundation is focused on opportunities which promote long term sustainability, support innovation and leverage significant impact. The foundation's mission also includes establishing a grant program to provide qualified low-income individuals identified by social service agencies with monthly rent assistance subsidies. The purpose of the program is to encourage life change by conditioning the provision of housing on the maintenance of stable employment, a stable home environment and by requiring the grant awardees to refrain from using drugs and abusing alcohol. IT also includes developing and funding programs to combat community deterioration and juvenile delinquency for the benefit of low-income children and their families.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$246K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $171K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$246K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $5.1M in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28.1M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
-38% vs prior year
Spent
$6.8M
To programs
97%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$5.7M
FY2023▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.3M
FY2022$9.1M
FY2023$5.7M
FY2024$5.6M
Expenses
$6.8M
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.6M
FY2022$5.2M
FY2023$6.8M
FY2024$7.3M
Net assets
$6.1M
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$3.4M
FY2022$7.2M
FY2023$6.1M
FY2024$4.5M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $6.6M Management & general 3% · $205K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $246K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Philanthropy
$123,494Pt VII · Sec A
VP, Buckingham Foundation
$122,072Pt VII · Sec A
Director, President
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A

Ashley Parker’s $123K as Director of Philanthropy is at the 49th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Theresa Rhodes——$160,177$153,814
Ashley Parker$123,494$101,423——
Keith Veal$122,072———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Buckingham Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Initiates positive change through affordable housing, community development, and arts, offering rent assistance for stable employment.

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3 programs · $5.6M · in their own filed words · FY2023
01

Bradford run provided 292 apartment units ranging from 676 to 1,480 square feet for rent to low income families in kokomo, in. Section 8 vouchers are accepted.

$2.8Mprogram expense
02

Somerset apartments provided 121 apartment units with an average unit size of 1115 square feet for rent to low income families in marion, indiana.

$1.7Mprogram expense
03

Buckingham foundation made grants to 71 public charities. Promulgated, supported and encouraged development, operations and services associated with the provision of safe, decent and affordable housing for low and moderate income individuals and families.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 62 grants · $1.8M · 2020–2024
Herron High School INCIN · FY2024$25,000
Startedup Foundation INCIN · FY2024$25,000
Horizon House INCIN · FY2024$15,000
Seeds of CaringOH · FY2024$12,520
St Johns VillaOH · FY2024$10,000
Unitemized GrantFY2024$8,333
91 Place IncorporatedIN · FY2024$8,250
See all 62 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Fees for servicesLn 2g$4.8M
Gifts and grantsLn 1h$580K
Investment incomeLn 3$315K
Money outPt IX
$6.8M
Ln 25
Programscol B$6.6M
Managementcol C$205K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$34.3M
LiabilitiesLn 26$28.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$580K
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$315K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$4.2M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$5.1M
Land, buildings, equipmentLn 10c$21.1M
Other assetsLn 15$270K
Total assetsLn 16$34.3M
LiabilitiesLn 26$28.1M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9.7M$4.2M
InvestmentsLn 11–13$20K$5.1M
Land, buildings, equipmentLn 10c$21.8M$21.1M
Total assetsLn 16$35.4M$34.3M
LiabilitiesLn 26$28.1M$28.1M
Net assetsLn 32$7.2M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$511K$511K
Pay of current officers, directors and key staffLn 5$275K$175K$100K
Other salaries and wagesLn 7$670K$670K
Payroll taxesLn 10$227K$223K$4K
Management feesLn 11a$213K$213K
Legal feesLn 11b$19K$15K$4K
Accounting feesLn 11c$42K$30K$12K
Advertising and promotionLn 12$58K$31K$27K
Office expensesLn 13$688K$667K$21K
TravelLn 17$6K$3K$3K
Conferences, conventions and meetingsLn 19$34K$9K$25K
InterestLn 20$1.9M$1.9M
Depreciation, depletion and amortizationLn 22$1.2M$1.2M$2K
InsuranceLn 23$257K$257K
Other expenses (24a–d)Ln 24$688K$681K$8K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$6.8M$6.6M$205K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $5.6M$7.3M−$1.7M$4.5M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $5.7M$6.8M−$1.1M$6.1M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $9.1M$5.2M$3.9M$7.2M 990 PDF
FY2021Filed with the IRS Nov 2, 2022 $3.3M$3.6M−$322K$3.4M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $3.3M$3.2M$55K$3.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,665,324 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $193,336$579,549
I-9 Program service revenuePrior year $4,016,815$4,770,280
I-10 Investment incomePrior year $4,859,852$315,495
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,070,003$5,665,324
I-13 Grants and similar amounts paidPrior year $448,320$511,491
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,008,471$1,171,926
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,740,342$5,082,824
I-18 Total expensesPrior year $5,197,133$6,766,241
I-19 Revenue less expensesPrior year $3,872,870−$1,100,917
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $5,665,324 across 5 lines filed
VIII-1f All other contributions, gifts and grants$579,549
VIII-1h Total contributions, gifts and grants$579,549
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,770,280$4,770,280
VIII-3 Investment incomeExcluded from tax $315,495$315,495
VIII-12 Total revenueRelated to mission $4,770,280 · Unrelated business $0 · Excluded from tax $315,495$5,665,324
Part IX · Statement of functional expenses $6,766,241 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $511,491$511,491
IX-5 Pay of current officers, directors and key staffPrograms $174,780 · Management $99,739$274,519
IX-7 Other salaries and wagesPrograms $670,255$670,255
IX-10 Payroll taxesPrograms $222,798 · Management $4,354$227,152
IX-11a Management feesPrograms $213,483$213,483
IX-11b Legal feesPrograms $14,861 · Management $4,183$19,044
IX-11c Accounting feesPrograms $30,458 · Management $11,500$41,958
IX-12 Advertising and promotionPrograms $30,596 · Management $27,134$57,730
IX-13 Office expensesPrograms $667,434 · Management $21,001$688,435
IX-17 TravelPrograms $3,488 · Management $2,906$6,394
IX-19 Conferences, conventions and meetingsPrograms $9,130 · Management $25,164$34,294
IX-20 InterestPrograms $1,865,439$1,865,439
IX-22 Depreciation, depletion and amortizationPrograms $1,204,596 · Management $1,550$1,206,146
IX-23 InsurancePrograms $257,217$257,217
IX-24 Other expenses (24a–d)Programs $680,699 · Management $7,719$688,418
IX-24e All other expensesPrograms $4,266$4,266
IX-25 Total functional expensesPrograms $6,560,991 · Management $205,250 · Fundraising $0$6,766,241
Part X · Balance sheet $34,274,035 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $9,668,198$4,155,372
X-4 Accounts receivableStart of year $3,255,760$3,320,937
X-9 Prepaid expenses and deferred chargesStart of year $91,974$184,331
X-10c Land, buildings and equipment, netStart of year $21,755,385$21,071,030
X-12 Other securitiesStart of year $19,925$5,066,265
X-14 Intangible assetsStart of year $289,398$206,495
X-15 Other assetsStart of year $290,643$269,605
X-16 Total assetsStart of year $35,371,283$34,274,035
X-17 Accounts payable and accrued expensesStart of year $894,458$1,013,012
X-18 Grants payableStart of year $200,000$135,000
X-25 Other liabilitiesStart of year $116,380$66,495
X-26 Total liabilitiesStart of year $28,135,838$28,139,507
X-32 Total net assets or fund balancesStart of year $7,235,445$6,134,528
X-33 Total liabilities and net assetsStart of year $35,371,283$34,274,035
Part XI · Reconciliation of net assets $6,134,528 net assets at year end
XI-1 Total revenue$5,665,324
XI-2 Total expenses$6,766,241
XI-3 Revenue less expenses−$1,100,917
XI-4 Net assets at start of year$7,235,445
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,134,528

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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