Is Allan And Patricia Boscacci Family Foundation Legit?
Quick charity verification for Allan And Patricia Boscacci Family Foundation (EIN: 202407119)
Verdict: Allan And Patricia Boscacci Family Foundation appears trustworthy
85/100Mission Score
$24.0MRevenue
$26.1MAssets
1Red Flags
4Strengths
Red Flags
Recent deficit spending (expenses exceeding revenue) in Period 202406 ($1,026,493 expenses vs. $482,833 revenue).
Strengths
Consistent 0% officer compensation across all filings, indicating low administrative overhead related to executive pay.
Significant asset growth from $521,997 in 2012 to $26,067,361 currently, demonstrating strong financial management.
Consistent filing of IRS Form 990s, indicating good transparency.
As a private foundation, its primary function is grantmaking, directly supporting other charitable activities.
Spending Breakdown
How Allan And Patricia Boscacci Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Allan And Patricia Boscacci Family Foundation
Is Allan And Patricia Boscacci Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Allan And Patricia Boscacci Family Foundation (EIN: 202407119) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Allan And Patricia Boscacci Family Foundation a good charity to donate to?
Allan And Patricia Boscacci Family Foundation has a Mission Score of 85/100. Revenue: $24.0M. Assets: $26.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Allan And Patricia Boscacci Family Foundation?
The Employer Identification Number (EIN) for Allan And Patricia Boscacci Family Foundation is 202407119. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Allan And Patricia Boscacci Family Foundation spend its money?
Allan And Patricia Boscacci Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Allan And Patricia Boscacci Family Foundation's tax-exempt status?
You can verify Allan And Patricia Boscacci Family Foundation's tax-exempt status using EIN 202407119 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Allan And Patricia Boscacci Family Foundation appears to be a private foundation, as indicated by its NTEE code T22 (Private Grantmaking Foundations) and its financial characteristics. Its latest reported revenue is $23,975,512, with assets of $26,067,361, suggesting a substantial endowment. However, the most recent detailed filing (Period 202406) shows revenue of $482,833 and expenses of $1,026,493, indicating a deficit spending for that period. This could be due to grantmaking exceeding annual investment income, which is common for foundations. The foundation consistently reports 0% officer compensation across all available filings, which is a positive indicator for minimizing administrative overhead related to executive pay. The foundation's assets have grown significantly over time, from $521,997 in 2012 to over $26 million currently, demonstrating effective asset management. The foundation's transparency is generally good, with consistent 990 filings available, though detailed breakdowns of program vs. administrative expenses are not provided in the summary data.