Buddy Fund EIN 23-7024008 Form 990 (PDF) Claim this org

Buddy Fund FY2022 filing

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Provides new sports equipment to at-risk youth, partnering with schools and organizations to foster health, confidence, and teamwork. For fiscal year 2022 it reported $315K in revenue, $321K in expenses, and $559K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Saint Louis, MO
Website
www.buddyfund.org
Filings
5 on file (2020–2022)
Revenue
$315KFY2022
Expenses
$321K
Net assets
$559K
People
25
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7024008 Public charity (501(c)(3)) Saint Louis, MO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides new sports equipment to at-risk youth, partnering with schools and organizations to foster health, confidence, and teamwork.
Leadership
Tim Murch · Chairman
Money in and out
$315K revenue, $321K expenses
Bottom line
76% program efficiency
Where the money goes · FY2022
Total revenue
$315K
Pt VIII · Ln 12
Total expenses
$321K
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.05 Fundraising $0.18
Program efficiency
76%
of spending reaches programs
Operating runway
31.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$315K
FY2022▼ -7%
Expenses
$321K
FY2022▲ +53%
Total assets
$573K
FY2022▲ +2%
Total liabilities
$14K
FY2022
Total revenue
$315K
Pt VIII · Ln 12
Total expenses
$321K
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$573K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425
Mission & Programs · Part III

Where the work happens

1 program service account for $245K of program spending, described in the organization's own filed words · FY2022.
01

The buddy fund provided new and safe athletic equipment to over 50 organizations supporting at-risk underserved youth in the metropolitan ST. Louis region. This equipment purchased at wholesale prices was delivered directly to each recipient organization.

$245Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuddy Fund
EINHdr · item D23-7024008
Principal addressHdr · item CSaint Louis, MO
WebsiteHdr · item Jwww.buddyfund.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P58Z)
Ruling yearIRS BMFJun 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Buddy Fund executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants132%$417K
Investment income$909
Total revenueLn 12$315K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.05 Fundraising $0.18
Program services76%$245K
Management & general5%$17K
Fundraising18%$59K
Total functional expensesLn 25$321K

Balance Sheet

Part X · end of year
CashLn 1$573K
Total assetsLn 16$573K
Total liabilitiesLn 26$14K
Total net assetsLn 32$559K
Months of cash on handcomputed21.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $573K · Operating expenses (Pt IX) $321K · Less non-cash grants $100K · Cash operating expenses/yr $221K
31.1 months
Where the money goes
Program services
Program services $245K · Total expenses $321K
76%
Management & General
Management & general $17K · Total expenses $321K
5%
Fundraising
Fundraising $59K · Total expenses $321K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $53K · Solicited contributions (3-yr avg) $365K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $417K · Total revenue $315K
132%
Government reliance
Government grants — · Total revenue $315K
Earned-income share
Program service revenue $0 · Total revenue $315K
0%
Investment reliance
Investment income $909 · Total revenue $315K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $321K
0%
Growth & trend
Revenue growth (YoY)
This year $315K · Prior year $339K
-7%
Net-asset trend (YoY)
End of year $559K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $315K · Expenses $321K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $573K
Net-asset ratio
Net assets $559K · Total assets $573K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $573K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Murch · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $321K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $321K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 5%
Fundraising cost ratio 14%
Revenue growth -7%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 8 grants · $21K · 2020–2023
Lou Fusz Soccer ClubMO · FY2023$6,000
Unitemized GrantFY2023$1,250
Lou Fusz Soccer ClubMO · FY2022$6,000
Unitemized GrantFY2022$1,200
Every Child's HopeMO · FY2020$3,000
Boys Hope Girls HopeMO · FY2020$1,200
Fox Ice Hockey ClubMO · FY2020$1,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$561K revenue · ⤓ 990 PDF
FY2023$317K revenue · ⤓ 990 PDF
FY2022$315K revenue · viewing · ⤓ 990 PDF
FY2021$339K revenue · ⤓ 990 PDF
FY2020$265K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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