Stephen Bufton Memorial Educational Fund
- Assets
- $1.3m
- Revenue
- $191.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 06/1963
- Data as of
- 07/2021
- EIN
- 44-6013508
Organization Overview
Stephen Bufton Memorial Educational Fund is located in Overland Park, KS. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen Bufton Memorial Educational Fund 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 07/2021, Stephen Bufton Memorial Educational Fund generated $191.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $179.2k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STEPHEN BUFTON MEMORIAL EDUCATIONAL FUND EXISTS TO PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS TO WOMEN PURSUING THEIR UNDERGRADUATE AND GRADUATE DEGREES, AS WELL AS ONGOING PROFESSIONAL DEVELOPMENT, IN ORDER TO SUPPORT THEIR CAREER ADVANCEMENT AND TO HELP THEM BECOME ROLE MODELS, MENTORS AND LEADERS FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT GRANTS - EDUCATIONAL GRANTS TO 45 FEMALE STUDENTS WERE MADE DURING THE FISCAL YEAR.
TUITION REIMBURSEMENTS - TUITION REIMBURSEMENTS TO 32 FEMALE STUDENTS WERE MADE DURING THE FISCAL YEAR.
STUDENT GRANTS - EDUCATIONAL GRANTS TO 45 FEMALE STUDENTS WERE MADE DURING THE FISCAL YEAR.
TUITION REIMBURSEMENTS - TUITION REIMBURSEMENTS TO 32 FEMALE STUDENTS WERE MADE DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Godbee Trustee | Trustee | 5 | $0 |
Trina T Nkhazi Trustee | Trustee | 5 | $0 |
Mary Stephenson Trustee | Trustee | 1 | $0 |
Kathy Schooley Trustee | Trustee | 1 | $0 |
Anne O'neill Trustee | Trustee | 5 | $0 |
Cheryl Blair Trustee | Trustee | 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 | $159,389 |
| Noncash contributions included in lines 1a–1f | $240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,389 |
| Total Program Service Revenue | $673 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $31,008 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,121 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $98,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,840 |
| Fees for services: Legal | $2,465 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,464 |
| Fees for services: Other | $2,040 |
| Advertising and promotion | $0 |
| Office expenses | $295 |
| Information technology | $6,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $604 |
| All other expenses | $0 |
| Total functional expenses | $179,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,211,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,212 |
| Total assets | $1,321,668 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,321,668 |
| Total liabilities and net assets/fund balances | $1,321,668 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Stephen Bufton Memorial Educational Fund has recieved totaling $15,370.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,027 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,855 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $488 |
Endowment Analysis
| Beg. Balance | $68,526 |
| Earnings | $2,086 |
| Admin Expense | $399 |
| Net Contributions | $15,000 |
| Ending Balance | $85,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |