Buddy Foundation EIN 36-4007576 Form 990 (PDF) Claim this org

Buddy Foundation FY2024 filing

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Buddy Foundation is an animal-related nonprofit based in Arlington Hts, IL. For fiscal year 2024 it reported $645K in revenue, $444K in expenses, and $6.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Animals
Location
Arlington Hts, IL
Website
www.thebuddyfoundation.org
Filings
5 on file (2021–2024)
Revenue
$645KFY2024
Expenses
$444K
Net assets
$6.5M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4007576 Public charity (501(c)(3)) Arlington Hts, IL
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
an animal-related nonprofit
Leadership
Carmella Lowth · President
Money in and out
$645K revenue, $444K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$645K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $201K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
135.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$645K
FY2024▼ -20%
Expenses
$444K
FY2024▲ +27%
Total assets
$6.5M
FY2024▲ +3%
Total liabilities
$0
FY2024
Total revenue
$645K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$201K
Total assetsPt X · Ln 16$6.5M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuddy Foundation
EINHdr · item D36-4007576
Principal addressHdr · item CArlington Hts, IL
WebsiteHdr · item Jwww.thebuddyfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D200)
Ruling yearIRS BMFAug 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Buddy Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $316K of program spending, described in the organization's own filed words · FY2023.
01

Veterinary service for animal care

$233Kprogram expense
02

Supplies for animal care

$73Kprogram expense
03

Printing costs and postage for publications to advertise sheltered animals

$9Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$482K · 75%
Investment income$164K · 25%
Contributions & grants75%$482K
Investment income25%$164K
Total revenueLn 12$645K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$316K
Management & general29%$128K
Total functional expensesLn 25$444K

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$6.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.5M
Months of cash on handcomputed73.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.0M · Operating expenses/yr $444K
135.9 months
Where the money goes
Program services
Program services $316K · Total expenses $444K
71%
Management & General
Management & general $128K · Total expenses $444K
29%
Fundraising
Fundraising $0 · Total expenses $444K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $623K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $482K · Total revenue $645K
75%
Government reliance
Government grants — · Total revenue $645K
Earned-income share
Program service revenue $0 · Total revenue $645K
0%
Investment reliance
Investment income $164K · Total revenue $645K
+25%
Program self-sufficiency
Program service revenue $0 · Total expenses $444K
0%
Growth & trend
Revenue growth (YoY)
This year $645K · Prior year $806K
-20%
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $645K · Expenses $444K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $6.5M
Net-asset ratio
Net assets $6.5M · Total assets $6.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $6.5M
36%
People & payroll
Highest Reported Total Compensation
Individual Carmella Lowth · Reported title President · Highest reported compensation $0 · Total expenses $444K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $444K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth -20%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$22K

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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
FY2025 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2024$645K revenue · viewing · ⤓ 990 PDF
FY2023$806K revenue · ⤓ 990 PDF
FY2022$608K revenue · ⤓ 990 PDF
FY2021$419K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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