Nonprofit · EIN 74-2594693
THE BUDDY PROGRAM INC
Tax-exempt · ASPEN, CO 81611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,312,529 | $2,436,770 | -$124,241 | $3,528,978 | $141,332 | $3,387,646 |
| December 31, 2023 | 990 | $2,295,725 | $2,163,919 | $131,806 | $3,655,477 | $159,774 | $3,495,703 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,085,641
- of which government grants
- $120,952
- Program service revenue
- $0
- Investment income
- $222,129
- Net gain from sales of assets
- $142,260
- Net income from fundraising events
- $25,185
- Other revenue
- $4,759
Expenses
- Grants and similar amounts paid
- $19,360
- Compensation of officers, directors and key employees
- $179,779
- Other salaries and wages
- $1,469,392
- Salaries, compensation and benefits (total)
- $2,011,901
- Professional fundraising fees
- $0
- Accounting fees
- $45,160
- Occupancy
- $57,518
- Travel
- $1,743
- Depreciation
- $10,552
- Program services (functional)
- $1,622,014
- Management and general (functional)
- $246,459
- Fundraising (functional)
- $568,297
Balance sheet and other
- Total assets, start of year
- $3,655,477
- Total assets, end of year
- $3,528,978
- Total liabilities, end of year
- $141,332
- Net assets, end of year
- $3,387,646
- Land, buildings and equipment
- $61,411
- Publicly traded securities
- $2,485,924
- Net assets without donor restrictions
- $2,204,507
- Net assets with donor restrictions
- $1,183,139
- Gross receipts
- $3,905,200
- Employees
- 53
- Volunteers
- 187
- Year formed
- 1989
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDSAY LOFARO | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $164,786 | $14,992 |
| BROOKE A BOCKELMAN | ASSISTANT DIRECTOR Highest-paid employee | 40 | $111,240 | $13,385 |
| LENNIE WEINGLASS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARK IOLA | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| JENNY ELLIOT | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATIE GOLDSMITH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIN BECKER | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| WES COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CONNOLLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BAILEY EVERHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES FOSNAUGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM GOLDSMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA HIRSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDRA HUGHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER MAROLT | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER MASON | DIRECTOR Trustee or director | 1 | $0 |
| BECKY MURRAY | DIRECTOR Trustee or director | 1 | $0 |
| DANA PRESUTTI | DIRECTOR Trustee or director | 1 | $0 |
| ERIKA SOUKI | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDSAY LOFARO | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $158,486 | $16,203 |
| LENNIE WEINGLASS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARK IOLA | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| JENNY ELLIOT | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATIE GOLDSMITH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIN BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WES COLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CONNOLLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BAILEY EVERHART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES FOSNAUGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM GOLDSMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA HIRSCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDRA HUGHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER MASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKY MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA PRESUTTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIKA SOUKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL WEINGLASS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 EAST HALLAM STREET 101, ASPEN, CO 81611-1458
- Principal officer (990 for 2024)
- LINDSAY LOFARO, 110 EAST HALLAM STREET 101, ASPEN, CO 81611
- Signed the 990
- LINDSAY LOFARO, EXECUTIVE DIRECTOR
- Phone
- (970) 920-2130
- Website
- WWW.BUDDYPROGRAM.ORG
- Return prepared by
- MAGGARD & HOOD PC
Mission
(SEE SCHEDULE O)MISSION: THE BUDDY PROGRAM EMPOWERS YOUTH THROUGH MENTORING EXPERIENCES IN ORDER TO ACHIEVE THEIR FULL POTENTIAL. THE BUDDY PROGRAM OFFERS FOUR MENTORING PROGRAMS TO YOUTH IN THE ROARING FORK VALLEY OF COLORADO. ADDITIONALLY, THE BUDDY PROGRAM PROVIDES CRITICAL ADDITIONAL SERVICES TO YOUTH AND THEIR FAMILIES SUCH AS THERAPEUTIC COUNSELING, SCHOLARSHIPS AND ENHANCED CASE MANAGEMENT. THE BUDDY PROGRAM WORKS WITH PARENTS, VOLUNTEERS, TEACHERS AND COUNSELORS, AND OTHER AREA NOT-FOR-PROFIT ORGANIZATIONS, TO ENSURE THAT THE NEEDS OF YOUTH PARTICIPANTS ARE BEING MET, INCLUDING SOCIAL AND EMOTIONAL SUPPORT AS WELL AS CONNECTIONS TO OTHER SERVICES IN THE COMMUNITY. THROUGH ONE OR A COMBINATION OF THESE PROGRAMS AND SERVICES, IT IS THE GOAL OF THE BUDDY PROGRAM THAT EACH YOUTH PARTICIPANT IS ABLE TO THRIVE AND REACH HIS OR HER FULL POTENTIAL.
Program accomplishments
- COMMUNITY/SCHOOL-BASED PROGRAM YOUTH AGES 6 TO 18 ARE PAIRED WITH CARING, RESPONSIBLE, ADULT MENTORS MEETING 3-4 TIMES PER MONTH.Expenses $719,494 · grants $15,560
- PEER-TO-PEER PROGRAM ELEMENTARY AND MIDDLE SCHOOL YOUTH ARE PAIRED WITH HIGH SCHOOL VOLUNTEER MENTORS TO MEET WEEKLY THROUGH THE SCHOOL YEAR.Expenses $148,393
- 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.Expenses $750,327
- HIGHER-EDUCATION SCHOLARSHIPSExpenses $3,800 · grants $3,800
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2594693
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,637,440
- Income (IRS master file)
- $3,777,058
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,312,529 | $2,436,770 | $3,528,978 | XML |
| 990 | December 2023 | $2,295,725 | $2,163,919 | $3,655,477 | XML |
| 990 | December 2022 | $3,017,335 | $1,865,979 | $3,443,745 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2594693).
Questions about THE BUDDY PROGRAM INC
- What is the EIN of THE BUDDY PROGRAM INC?
- The employer identification number (EIN) of THE BUDDY PROGRAM INC is 74-2594693.
- Is THE BUDDY PROGRAM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to THE BUDDY PROGRAM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE BUDDY PROGRAM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE BUDDY PROGRAM INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE BUDDY PROGRAM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE BUDDY PROGRAM INC?
- The 990 for the year ended December 31, 2024 names LINDSAY LOFARO.
- Who are the officers and directors of THE BUDDY PROGRAM INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 2 received compensation from the organization, the highest $164,786 (LINDSAY LOFARO, EXECUTIVE DIRECTOR).
- How much revenue does THE BUDDY PROGRAM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,312,529, expenses of $2,436,770 and total assets of $3,528,978 at year end.
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