The Buddy Program Inc
- Assets
- $3.7m
- Revenue
- $2.3m
- Investments
- $63.0k
- Employees
- 43
- Location
- Aspen, CO
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 74-2594693
Organization Overview
The Buddy Program Inc is located in Aspen, CO. The organization was established in 1991. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Buddy Program Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buddy Program 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 12/2023, Buddy Program Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O)THE BUDDY PROGRAM EMPOWERS YOUTH THROUGH MENTORING EXPERIENCES IN ORDER TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY/SCHOOL-BASED PROGRAM YOUTH AGES 6 TO 18 ARE PAIRED WITH CARING, RESPONSIBLE, ADULT MENTORS MEETING 3-4 TIMES PER MONTH.
PEER-TO-PEER PROGRAM ELEMENTARY AND MIDDLE SCHOOL YOUTH ARE PAIRED WITH HIGH SCHOOL VOLUNTEER MENTORS TO MEET WEEKLY THROUGH THE SCHOOL YEAR.
LEAD: LEADERSHIP THROUGH EXPLORATION, ACTION AND DEVELOPMENT (EXPERIENTIAL)PROGRAMEDUCATING YOUTH IN GRADES 8-12 IN A GROUP SETTING ON TOPICS OF LEADERSHIP, LIFESKILLS, AND OUTDOOR AND ENVIRONMENTAL ISSUES, WHILE DEVELOPING DEEP PEER CONNECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lennie Weinglass Chairman | OfficerTrustee | 1 | $0 |
Mark Iola President | OfficerTrustee | 3 | $0 |
Jenny Elliot Treasurer | OfficerTrustee | 3 | $0 |
Katie Goldsmith Vice President | OfficerTrustee | 1 | $0 |
Erin Becker Director | Trustee | 1 | $0 |
Wes Cole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,045,069 |
| Related organizations | $0 |
| Government grants | $154,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,032,767 |
| Noncash contributions included in lines 1a–1f | $1,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,231,923 |
| Total Program Service Revenue | $0 |
| Investment income | $64,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,024 |
| Net Income from Fundraising Events | $822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,295,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,039 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,689 |
| Compensation of current officers, directors, key employees. | $18,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,236,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,819 |
| Payroll taxes | $118,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,205 |
| Office expenses | $10,983 |
| Information technology | $57,738 |
| Royalties | $0 |
| Occupancy | $55,108 |
| Travel | $2,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,731 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,407 |
| Insurance | $21,324 |
| All other expenses | $36,691 |
| Total functional expenses | $2,163,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,626 |
| Savings and temporary cash investments | $100,956 |
| Pledges and grants receivable | $541,292 |
| Accounts receivable, net | $1,038 |
| 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 | $13,577 |
| Net Land, buildings, and equipment | $37,313 |
| Investments—publicly traded securities | $2,207,890 |
| Investments—other securities | $62,987 |
| Investments—program-related | $0 |
| Intangible assets | $8,027 |
| Other assets | $3,771 |
| Total assets | $3,655,477 |
| Accounts payable and accrued expenses | $65,855 |
| Grants payable | $0 |
| Deferred revenue | $55,000 |
| 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 | $38,919 |
| Total liabilities | $159,774 |
| Net assets without donor restrictions | $1,857,450 |
| Net assets with donor restrictions | $1,638,253 |
| 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 | $3,655,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Persevere Salt Lake City, UT | $1,619,182 | $6,558,003 |
Teammates Mentoring Program Lincoln, NE | $5,138,623 | $4,427,189 |
The Buddy Program Inc Aspen, CO | $3,655,477 | $2,295,725 |
John Smithwick Ministries International Catoosa, OK | $2,044,246 | $1,609,761 |
Teammates Mentoring Program Lincoln, NE | $6,933,431 | $1,839,273 |
Larimer County Partners Inc Fort Collins, CO | $810,762 | $1,360,159 |
Denver Youth Program Denver, CO | $1,014,124 | $1,349,637 |
Friends Of The Children - Utah Kearns, UT | $1,219,594 | $1,288,349 |
Pass It On Outdoor Mentors Inc Wichita, KS | $25,888 | $366,337 |
San Miguel Mentoring Program Telluride, CO | $169,126 | $286,421 |
Tulsa Hills Youth Ranch Foundation Tulsa, OK | $199,317 | $184,673 |
Boys to Men Mentoring Network North Central Arizona Inc Prescott, AZ | $0 | $0 |
Huerfano County Youth Services Walsenburg, CO | $63,428 | $0 |
Greater Denver Cares Denver, CO | $43,552 | $137,556 |
Ace Mentor Program Of America Inc Tempe, AZ | $274,327 | $0 |
Teammates Mentoring Program Gering, NE | $111,350 | $0 |