Civic Intelligence

Fernandez Buddin Family Foundation

990PF • Fiscal year 2021 • EIN 87-1066837

May 25, 2021 to Dec 31, 2021 • Filed on Mar 30, 2022

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • $5M-$10M nonprofits • Source year 2021

Net Margin

95th percentile

85%

Higher net margin than 95% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $5M-$10M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets24th percentile

Assets

$6,400,992

No earlier filing loaded for comparison.

Net Assets

$6,400,992

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin95th percentile

Revenue

$7,510,249

No earlier filing loaded for comparison.

Expenses

$1,109,257

No earlier filing loaded for comparison.

Net Income

$6,400,992

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2021: $6,400,992Liabilities 2021: $0Net Assets 2021: $6,400,9922021Assets 2022: $6,592,172Liabilities 2022: $0Net Assets 2022: $6,592,1722022Assets 2023: $6,645,199Liabilities 2023: $0Net Assets 2023: $6,645,1992023Assets 2024: $6,470,335Liabilities 2024: $0Net Assets 2024: $6,470,3352024

Highlighted filing

2021

Assets$6,400,992
Liabilities$0
Net Assets$6,400,992
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $7,510,249Expenses 2021: $1,109,257Net Income 2021: $6,400,9922021Revenue 2022: $368,609Expenses 2022: $177,429Net Income 2022: $191,1802022Revenue 2023: $627,680Expenses 2023: $574,653Net Income 2023: $53,0272023Revenue 2024: $620,286Expenses 2024: $795,150Net Income 2024: -$174,8642024

Highlighted filing

2021

Revenue$7,510,249
Expenses$1,109,257
Net Income$6,400,992
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 25, 2021 to Dec 31, 2021
Signed
Mar 30, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deidre BuddinSec, Treas, Director-$0--
Jose A FernandezDir, Pres-$0--
Filing and Contact Details

Filer

Filer Name
Fernandez Buddin Family Foundation
EIN
87-1066837
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
jose a fernandez
Title
president
Phone
8008391754
Signed
2022-03-30
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
ONE HOLLOW LN STE 212, LAKE SUCCESS, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix257 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1Medical School's Elizabeth Weiser Caswell Diabetes Institute and the Fernandez Buddin Family Foundation Fellowship Fund
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0CARAS OF THE AMERICAS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1REGENTS OF THE UNIVERSITY OF MICHIGAN
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LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,100,000. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XiV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Fernandez Family Tr dtd 01162008
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Fernandez Jose A
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm2Buddin Deidre
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt08342 Santaluz Village Greene East
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt18342 Santaluz Village Green East
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-30
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ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUNDATION SOURCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HOLLOW LN STE 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE SUCCESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-05-11T02:24:08-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0jose a
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0fernandez
ReturnHeader/TaxPeriodBeginDt02021-05-25
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,400,992
Liabilities
$0
Net assets
$6,400,992
Revenue
$7,510,249
Expenses
$1,109,257
Net income
$6,400,992
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.47$0.00$6.47$0.62$0.80$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.65$0.00$6.65$0.63$0.57$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.59$0.00$6.59$0.37$0.18$0.19
2021Detailed filing. Detailed filing data is available for this year.$6.40$0.00$6.40$7.51$1.11$6.40