Is Bond Family Foundation Legit?

Quick charity verification for Bond Family Foundation (EIN: 208100744)

Verdict: Bond Family Foundation appears trustworthy

85/100Mission Score

$4.2MRevenue

$6.7MAssets

1Red Flags

4Strengths

Red Flags

Frequent years where expenses exceed revenue, indicating reliance on asset drawdowns (e.g., 2023: $160,493 revenue vs. $507,849 expenses).

Strengths

Consistent IRS 990 filing history, demonstrating transparency.
No reported officer compensation across all filings, suggesting low executive overhead.
Stable asset base (ranging from $5.4M to $6.6M) provides long-term financial stability for grant-making.
Significant revenue surpluses in some years (e.g., 2022: $1.2M revenue) help to offset deficits in others.

Spending Breakdown

How Bond Family Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Bond Family Foundation

Is Bond Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Bond Family Foundation (EIN: 208100744) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Bond Family Foundation a good charity to donate to?

Bond Family Foundation has a Mission Score of 85/100. Revenue: $4.2M. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bond Family Foundation?

The Employer Identification Number (EIN) for Bond Family Foundation is 208100744. 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 Bond Family Foundation spend its money?

Bond Family Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bond Family Foundation's tax-exempt status?

You can verify Bond Family Foundation's tax-exempt status using EIN 208100744 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 Bond Family Foundation primarily operates as a grant-making private foundation, as indicated by its NTEE code T20. Its financial health shows significant fluctuations in revenue and expenses over the past decade. For instance, in 2023, the foundation reported revenue of $160,493 against expenses of $507,849, indicating a deficit. This trend of expenses exceeding revenue is common in several years (e.g., 2021, 2020, 2015, 2014, 2012), suggesting that the foundation often draws from its assets to fund its activities. However, there are also years with substantial surpluses, such as 2022 ($1,203,712 revenue vs. $528,128 expenses) and 2019 ($1,636,378 revenue vs. $1,310,763 expenses), which help to replenish its asset base. The foundation's assets have remained relatively stable, hovering around $5.5 million to $6.6 million over the filing periods, demonstrating a consistent endowment. 

The spending efficiency is difficult to precisely determine without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a private foundation, a significant portion of its expenses would typically be grants paid (program service accomplishments). The consistent reporting of 0% officer compensation across all filings suggests a high degree of volunteer leadership or that compensation is covered by other means not reported as officer compensation, which can be a positive indicator of efficiency in terms of executive overhead. The foundation's transparency appears good given its consistent filing history, providing public access to its financial data.

Overall, the Bond Family Foundation exhibits characteristics of a well-established private foundation with a fluctuating but generally stable asset base. Its ability to manage significant deficits in some years by leveraging past surpluses or its endowment suggests a long-term financial strategy. The absence of reported officer compensation is a notable strength regarding overhead.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.