Buyers Fund Inc in Salt Lake Cty, Utah (UT)

Organization representatives - add corrected or new information about Buyers Fund Inc »

Non-representatives - add comments about Buyers Fund Inc»

Buyers Fund Inc
Employer Identification Number (EIN)870635224
Name of OrganizationBuyers Fund Inc
In Care of NameDavid Ahrens President
Address22 E 100 S Ste 300, Salt Lake Cty, UT 84111-1938
SubsectionCharitable Organization
Ruling Date04/2000
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$10,033,896
Amount of Income$361,364
Form 990 Revenue Amount$361,364
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Expense Reduction Support


Non-representatives - add comments:


CAPTCHA

Your IP address 3.145.10.68 will be logged.

Amount of income in 2008: $361,364
This organization: 

 $361,364
Other organizations performing similar types of work: 

 $300,830

Assets in 2008: $10,033,896
Buyers Fund Inc: 

 $10,033,896
Other organizations performing similar types of work: 

 $497,890

Expenses in 2007: $41,111,098
Buyers Fund Inc: 

 $41,111,098
Other organizations performing similar types of work: 

 $165,009

Income to expenses ratio in 2007: 1.0
Buyers Fund Inc: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 98.8%
Buyers Fund Inc: 

 98.8%
Other organizations performing similar types of work: 

 98.8%

Number of employees in 2007: 14
Buyers Fund Inc: 

 14
Other organizations performing similar types of work: 

 1

Employees paid over $50,000 in 2007: 42.9%
Buyers Fund Inc: 

 42.9%
Other organizations performing similar types of work: 

 42.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$40,051,302$100,652,429$152,739,224$167,253,534$111,456,577$93,813,093$40,738,925
Contributions, gifts, grants, and similar amounts received$0$0$3,800$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$3,800$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$40,048,939$100,648,322$152,717,368$166,929,088$111,156,163$93,634,070$40,371,825
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$2,363$4,107$0$0$0$0$0
Dividends and interest from securities$0$0$3,799$320,413$328,090$204,332$370,816
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$-27,676$-25,309$-3,716
Gross amount from sales of assets other than inventory$0$0$0$0$4,480$150$14,129
Less: cost or other basis and sales expenses$0$0$0$0$32,156$25,459$17,845
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$14,257$4,033$0$0$0
Total expenses$39,718,183$100,470,957$152,397,980$166,634,777$111,107,653$95,298,587$41,111,098
Program services$39,635,085$100,357,940$152,105,419$165,970,956$110,508,028$94,896,513$40,614,195
Management and general$83,098$113,017$292,561$663,821$599,625$402,074$496,903
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$335,228$277,858$619,102$6,859,587$7,208,511$5,723,017$5,350,844
Excess or (deficit) for the year$333,119$181,472$341,244$618,757$348,924$-1,485,494$-372,173
Net assets or fund balances at beginning of year$2,109$335,228$277,858$619,102$6,859,587$7,208,511$5,723,017
Other changes in net assets or fund balances$0$-238,842$0$5,621,728$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$41,111,098$40,614,195$496,903$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$37,628,791
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$722,480$361,240$361,240$0
Compensation of former officers, directors, key employees, etc.$42,500$0$42,500$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$224,303$224,303$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$42,593$42,593$0$0
Payroll taxes$70,394$70,394$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$88,179$0$88,179$0
Supplies$10,485$9,916$569$0
Telephone$30,080$30,080$0$0
Postage and shipping$3,693$3,693$0$0
Occupancy$25,801$21,386$4,415$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$9,502$9,502$0$0
Conferences, conventions, and meetings$1,714$1,714$0$0
Interest$223,753$223,753$0$0
Depreciation, depletion, etc.$14,479$14,479$0$0
Other expenses not covered above$1,972,351$1,972,351$0$0
Balance Sheets
2001200220032004200520062007
Total assets$1,130,409$2,801,305$4,892,121$13,398,866$12,824,209$11,079,227$10,597,993
Cash - non-interest-bearing$202,513$609,134$473,579$226,154$0$0$0
Savings and temporary cash investments$0$0$1,491,129$220,647$858,942$2,546,717$4,381,144
Accounts receivable less allowance for doubtful accounts$851,111$2,098,269$2,787,093$1,640,271$1,423,532$1,164,093$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$20,000$0$0$6,880,790$7,204,129$6,229,136$6,216,849
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$40,517$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$56,785$93,902$109,587$188,320$86,480$32,528$0
Other assets, including program-related investments$0$0$30,733$4,202,167$3,251,126$1,106,753$0
Total liabilities$795,181$2,523,447$4,273,019$6,539,279$5,615,698$5,356,210$5,247,149
Accounts payable and accrued expenses$495,181$57,402$82,147$337,692$79,059$136,038$6,820
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$730,000$260,000$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$300,000$202,505$2,876,519$5,604,034$4,886,151$4,482,359$4,475,052
Other liabilities$0$1,533,540$1,054,353$597,553$650,488$737,813$765,277
Total liabilities and net assets/fund balances$1,130,409$2,801,305$4,892,121$13,398,866$12,824,209$11,079,227$10,597,993
Total net assets or fund balances$335,228$277,858$619,102$6,859,587$7,208,511$5,723,017$5,350,844
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$0$0$0$167,253,534$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$167,253,534$0$0$0
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$0$0$0$166,634,777$0$0$0
Total expenses and losses per audited financial statements$0$0$0$166,634,777$0$0$0
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
99$204,243$6,968$0
99$176,079$0$0
99$179,807$0$0
99$148,411$6,968$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings4
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$42,500$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200614
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$367,100$40,371,825
Program service revenue
Program service revenue 1000000$000$0$40,371,825
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$370,816$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-3,716$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$80,561$6,969$0
$68,810$6,969$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
2000200120022003200420052006
Total$3,005,262$39,200,191$99,405,271$152,050,400$168,400,356$111,709,633$94,089,200
Gifts, grants, and contributions received$0$0$0$3,800$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$3,005,262$39,197,828$99,401,164$152,028,544$168,075,910$111,381,543$93,884,868
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$2,363$4,107$3,799$320,413$328,090$204,332
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$14,257$4,033$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Buyers Fund Inc to others? (optional)
  
Add photo of Buyers Fund Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Buyers Fund Inc22 E 100 S Ste 300, Salt Lake Cty, UT 84111-1938UT2000-04$361,364
2Choctaw Home Finance Corporation1005 S 5th St, Hugo, OK 74743OK2007-08$2,639,836
3Snap Financial Access3102 W Fort George Wright Dr, Spokane, WA 99224-5203WA2007-10$2,086,695
4Tri-County Housing CouncilPO BOX 451, Big Flats, NY 14814-0451NY1975-08$1,255,248
5Urban Housing Of America Inc LouisianaPO BOX 3401, Shreveport, LA 71133-3401LA1998-05$764,995
6Tallahassee Lenders Consortium Inc224 Office Plz, Tallahassee, FL 32301-2808FL1994-08$703,565
7United Neighborhoods Inc5209 Hohman Avenue Suite 203-205, Hammond, IN 46320-1719IN1998-03$700,266
8Westside Ministries Inc301 14th Street, Buffalo, NY 14213-2446NY2002-11$674,258
9Orange County Housing Trust Inc, Orange County Housing Trust128 E Katella Ave, Orange, CA 92867-4836CA2011-06$537,279
10Commonwealth Community Development Services6336 Avon Rd, Norfolk, VA 23513-3302VA2009-03$463,163
11Oklahoma Housing Foundation9807 No Broadway, Oklahoma City, OK 73114OK2008-06$393,092
12Gvec Charitable Foundation825 E Sarah Dewitt Drive, Gonzales, TX 78629TX2012-06$357,830
13Sense Of Security Inc1385 S Colorado Blvd Ste A302, Denver, CO 80222-3304CO2000-10$333,342
14Steele County Transitional Housing Inc560 Dunnell Dr Ste 212 Merrill Bldg, Owatonna, MN 55060-4710MN2000-07$300,830
15Chariton Valley Regional Housing Trust Fund Inc115 S Main St, Chariton, IA 50049-1842IA2011-02$293,523
16Wigamig Owners Loan Fund IncPo Box 580 705 Peace Pipe Road, Lac Du Flambeau, WI 54538WI2007-11$233,922
17Share Credit CorpPO BOX 20099, St Simons Is, GA 31522-8099GA2000-01$213,806
18Webster Supportive Housing Inc2550 University Ave W, St Paul, MN 55114-1052MN1997-05$156,978
19Hhoc Mortgage1259 Aala Street Suite 201, Honolulu, HI 96817HI2010-08$123,654
20East Central Iowa Housing Trust Fund700 16th St Ne Ste 301, Cedar Rapids, IA 52402-4665IA2011-02$97,663
Number of organizations performing similar types of work
Alabama2
Arkansas1
Arizona3
California23
Colorado5
Connecticut1
Delaware2
Florida8
Georgia4
Hawaii1
Iowa4
Idaho1
Illinois11
Indiana6
Kansas1
Kentucky1
Louisiana3
Massachusetts3
Maryland1
Maine1
Michigan3
Minnesota6
Mississippi1
North Carolina1
Nebraska1
New Hampshire1
New Mexico1
New York13
Ohio5
Oklahoma3
Oregon1
Pennsylvania2
South Carolina6
South Dakota2
Tennessee4
Texas9
Utah1
Virginia3
Washington3
Wisconsin4
Total152

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Buyers Fund Inc and has no official or unofficial affiliation with Buyers Fund Inc