Buddies Incorporated
- Assets
- $732.0k
- Revenue
- $80.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1959
- Data as of
- 12/2021
- EIN
- 52-6042656
Organization Overview
Buddies Incorporated is located in Baltimore, MD. The organization was established in 1959. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddies Incorporated 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, Buddies Incorporated generated $80.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $10.7k during the year ending 12/2021. 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
SUPPORT FOR THE BALTIMORE CITY POLICE DEPARTMENT'S YOUTH CLUB PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICE YOUTH PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Moniodis Secretary | OfficerTrustee | $0 | |
Joseph Welkie Jr President | OfficerTrustee | $0 | |
Elaine Welkie Treasurer | OfficerTrustee | $0 | |
Bradley Minetree Vice President | OfficerTrustee | $0 | |
Justin Akchurin Board Member | Trustee | $0 | |
David Frank Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,050 |
| Total Program Service Revenue | $0 |
| Investment income | $65,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,636 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,689 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $667 |
| Total functional expenses | $10,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,457 |
| Savings and temporary cash investments | $5,566 |
| 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 | $698,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $731,975 |
| 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 | $672,167 |
| Net assets with donor restrictions | $59,808 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $731,975 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buddies Incorporated has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homewood Childrens Village Pittsburgh, PA | $2,623,415 | $3,020,728 |
The Union League Legacy Foundation Philadelphia, PA | $19,017,590 | $3,492,460 |
Youth For Tomorrow Foundation Bristow, VA | $47,367,901 | $7,748,612 |
Pennsylvania Future Farmers Of America Foundation Inc East Berlin, PA | $977,335 | $444,150 |
Boy Scouts Of America Pittsburgh, PA | $10,118,070 | $1,422,869 |
Malaysian Palm Oil Council Washington, DC | $217,112 | $471,000 |
National Center For Arts & Technology Pittsburgh, PA | $1,054,978 | $575,649 |
Herford N Elliot Trust Pittsburgh, PA | $3,736,497 | $507,068 |
Comeragh Wilderness Camp Narvon, PA | $128,001 | $287,629 |
Chestnut Mountain Ranch Foundation Inc Morgantown, WV | $7,768,666 | $1,597,608 |
Torresdale Boys Club Philadelphia, PA | $0 | $143,518 |
First State Squash Inc Wilmington, DE | $220,696 | $305,126 |