Buddy Hoffman Foundation EIN 83-2870278 Form 990 (PDF) Claim this org

Buddy Hoffman Foundation FY2023 filing

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Equipping leaders and planting churches to spread Jesus movements in the Muslim world. For fiscal year 2023 it reported $628K in revenue, $736K in expenses, and $1.2M in net assets.Pt I

Type
Religious organization · Religion
Location
Marietta, GA
Website
gfc.tv/buddy-hoffman-foundation
Filings
3 on file (2022–2023)
Revenue
$628KFY2023
Expenses
$736K
Net assets
$1.2M
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-2870278 Religious organization Marietta, GA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Equipping leaders and planting churches to spread Jesus movements in the Muslim world.
Leadership
Scott Kindig · Board Member / Executive Director · $25K
Money in and out
$628K revenue, $736K expenses
Bottom line
61% program efficiency
Where the money goes · FY2023
Total revenue
$628K
Pt VIII · Ln 12
Total expenses
$736K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$108K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.16 Fundraising $0.23
Program efficiency
61%
of spending reaches programs
Operating runway
20.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$628K
FY2023▼ -26%
Expenses
$736K
FY2023▼ -13%
Total assets
$1.3M
FY2023▼ -1%
Total liabilities
$29K
FY2023▲ +129%
Total revenue
$628K
Pt VIII · Ln 12
Total expenses
$736K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$108K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $452K of program spending, described in the organization's own filed words · FY2022.
01

The Buddy Hoffman Foundation works with the Grace Family of Churches to identify and raise up next generation leaders. These young leaders are discipled through relationships and hands on learning in order to prepare them to lead new church plants and further the Kingdom of God.

$434Kprogram expense
02

The Buddy Hoffman Foundation is committed to catalyzing Jesus movements in the Muslim world. In 2023 they financially supported a ministry whose purpose is to translate Bible passages that highlight God's promised inheritance to Muslim families.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuddy Hoffman Foundation
EINHdr · item D83-2870278
Principal addressHdr · item CMarietta, GA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFFeb 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member / Executive Director
$25,001Pt VII · Sec A
CEO, President/Chairman
$0Pt VII · Sec A
Secretary of the Board
$0Pt VII · Sec A
CFO, Treasurer of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Scott Kindig’s $55K as Board Member / Executive Director (part Year) is at the 56th percentile of top reported officer pay among 2136 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Scott Kindig$54,904$25,001$1,500
Matt Reynolds$51,581

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.

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Statement of Revenue

Part VIII
Contributions & grants$537K · 86%
Investment income$62K · 10%
Other revenue$28K · 5%
Contributions & grants86%$537K
Investment income10%$62K
Other revenue5%$28K
Total revenueLn 12$628K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.16 Fundraising $0.23
Program services61%$452K
Management & general16%$114K
Fundraising23%$169K
Total functional expensesLn 25$736K

Balance Sheet

Part X · end of year
CashLn 1$7K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$29K
Total net assetsLn 32$1.2M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $736K
20.4 months
Where the money goes
Program services
Program services $452K · Total expenses $736K
61%
Management & General
Management & general $114K · Total expenses $736K
16%
Fundraising
Fundraising $169K · Total expenses $736K
23%
Cost to raise $1
Fundraising expense (2-yr avg) $194K · Solicited contributions (2-yr avg) $659K
$0.29 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $537K · Total revenue $628K
86%
Government reliance
Government grants — · Total revenue $628K
Earned-income share
Program service revenue $0 · Total revenue $628K
0%
Investment reliance
Investment income $62K · Total revenue $628K
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $736K
0%
Growth & trend
Revenue growth (YoY)
This year $628K · Prior year $845K
-26%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $628K · Expenses $736K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.2M · Total assets $1.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.2M · Total assets (Pt X, ln 16) $1.3M
99%
People & payroll
Highest Reported Total Compensation
Individual Scott Kindig · Reported title Board Member / Executive Director · Highest reported compensation $25K · Total expenses $736K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $244K · Total expenses $736K
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 16%
Fundraising cost ratio 32%
Revenue growth -26%
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 · FY2022
Total grants receivedfrom 1 funder$5K
Grants paid · 26 grants · $578K · 2021–2023
Grace LakeTX · FY2023$56,250
Grace Snellville Church INCGA · FY2023$25,833
Local Church Tn INCTN · FY2023$25,000
Grace Marietta INCGA · FY2023$20,417
Grace MonroeFY2023$10,833
Grace New Hope INCGA · FY2023$10,417
Local Church Tn INCTN · FY2022$35,000
Grace Marietta INCGA · FY2022$34,667
Grace Lanier INCGA · FY2022$31,300
Grace Snellville Church INCGA · FY2022$19,000
Grace New Hope INCGA · FY2022$16,833
Grace Midtown Church INCGA · FY2022$16,000
Grace Capital CityDC · FY2022$14,833
Grace MonroeFY2022$9,667
Local Church Tn INCTN · FY2021$41,667
Grace Midtown Church INCGA · FY2021$41,044
See all 26 grants →

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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)$841K revenue · ⤓ 990 PDF
FY2023$628K revenue · viewing · ⤓ 990 PDF
FY2022$845K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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