Buum Foundation
- Assets
- $111.1k
- Revenue
- $2.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-3795331
Organization Overview
Buum Foundation is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buum Foundation 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, Buum Foundation generated $2.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (60.9%) each year. All expenses for the organization totaled $71.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Buum Foundation has awarded 12 individual grants totaling $347,448. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Juricev Administrato | 0 | $0 | |
Keion Henderson Board Member | 0 | $0 | |
Earlene Dianne Buggs Board Member | 0 | $0 | |
Gary Clayton Fishman Treasurer | 0 | $0 | |
Holton Vincent Buggs Jr Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,344 |
| Interest on Savings | $24 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,667 |
| Total operating and administrative expenses | $6,667 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $71,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,743 |
| Savings and temporary cash investments | $100,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,316 |
| Total assets | $111,059 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Buum Foundation has awarded $65,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MANNA RELIEF PURPOSE: PURCHASE AND PROVIDE FOOD | $30,000 |
COMMUNITIES IN SCHOOLS OF HOUSTON PURPOSE: EDUCATIONAL SUPPORT | $15,000 |
VISION MEXICO CENTRO TAX PURPOSE: FINANCIAL SUPPORT OF CHILDRENS HOSPI | $15,000 |
OPERATION UNDERGROUND PURPOSE: SEX TRAFFICING RESCUE | $5,000 |