Buckingham Foundation Inc
- Assets
- $17.8m
- Revenue
- $3.3m
- Investments
- $66.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 20-2825177
Organization Overview
Buckingham Foundation Inc is located in Indianapolis, IN. The organization was established in 2006. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckingham Foundation 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 12/2021, Buckingham Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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.
Since 2015, Buckingham Foundation Inc has awarded 56 individual grants totaling $1,297,847. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
FOSTER'S LANDING PROVIDED 90 APARTMENT UNITS WITH AN AVERAGE UNIT SIZE OF 964 SQUARE FEET FOR RENT TO LOW INCOME FAMILIES IN NEW CASTLE, INDIANA.
BUCKINGHAM FOUNDATION MADE GRANTS TO 46 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.
THE BUCKINGHAM ANGEL FUND, BUCKINGHAM CARES, BUCKINGHAM DAY OF SERVICE, AND BUCKINGHAM FOOD PANTRY ALL PROVIDE GOODS, FOOD, AND FINANCIAL ASSISTANCE TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Rhodes Executive Director | 45 | $160,177 | |
Bradley B Chambers Director, President | OfficerTrustee | 1 | $0 |
Kent Manuel Director, Treasurer | OfficerTrustee | 0.1 | $0 |
Thomas Schnellenberger Director, Secretary | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,724 |
| Total Program Service Revenue | $3,210,964 |
| Investment income | $1,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,277,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $301,805 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,176 |
| Compensation of current officers, directors, key employees. | $17,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $123,297 |
| Fees for services: Management | $141,727 |
| Fees for services: Legal | $40,882 |
| Fees for services: Accounting | $40,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,158 |
| Office expenses | $362,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,704 |
| Interest | $402,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $624,796 |
| Insurance | $168,089 |
| All other expenses | $598 |
| Total functional expenses | $3,599,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,699,732 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349,538 |
| 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 | $72,922 |
| Net Land, buildings, and equipment | $10,125,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $66 |
| Investments—program-related | $0 |
| Intangible assets | $364,715 |
| Other assets | $177,391 |
| Total assets | $17,790,312 |
| Accounts payable and accrued expenses | $558,048 |
| Grants payable | $265,000 |
| 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 | $13,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,689 |
| Total liabilities | $14,427,737 |
| 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 | -$83,108 |
| Retained earnings, endowment, accumulated income, or other funds | $3,445,683 |
| Total liabilities and net assets/fund balances | $17,790,312 |
Grants Awarded
Over the last fiscal year, Buckingham Foundation Inc has awarded $245,650 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Davidson, NC PURPOSE: TO SUPPORT YOUTH DEVELOPMENT AND AFFORDABLE HOUSING IN AFRICA | $200,000 |
Indianapolis, IN PURPOSE: TO SUPPORT THE FOOD PANTRY | $18,150 |
Indianapolis, IN PURPOSE: TO PROVIDE SHELTER FOR THE HOMELESS AND THOSE IN NEED | $10,000 |
Evanston, IL PURPOSE: TO DEVELOP VALUES-BASED LEADERS COMMITTED TO THE BETTERMENT OF CHARACTER, CAMPUS, AND COMMUNITY. | $10,000 |
Notre Dame, IN PURPOSE: TO PROVIDE COMMUNITY ASSISTANCE AND LEARNING SERVICES | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buckingham Foundation Inc has recieved totaling $10,123.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
Pritzker Family Philanthropic Fund Chicago, IL | $175,241,348 | $15,696,254 |
Memorial Foundation Inc Belleville, IL | $139,919,506 | $17,553,919 |
Ramtell Inc Tell City, IN | $25,696,087 | $2,760,088 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN | $105,560,722 | $10,106,603 |
Winning Wheels Inc Prophetstown, IL | $11,909,541 | $13,671,140 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Heart Of Illinois United Way Inc Peoria, IL | $14,132,248 | $9,955,140 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |