Quick charity verification for Boomer Esiason Foundation (EIN: 113142753)
Verdict: Boomer Esiason Foundation appears trustworthy
95/100Mission Score
$11.0MRevenue
$9.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and mission focus.
Strong and consistent asset growth, nearly doubling from 202003 to 202403.
Positive operating margins in most recent periods (e.g., 202403 revenue $5,920,362 vs. expenses $5,586,009).
Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
Healthy financial reserves with assets significantly exceeding liabilities (e.g., 202403 assets $9,505,141 vs. liabilities $1,727,479).
Spending Breakdown
How Boomer Esiason Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Boomer Esiason Foundation
Is Boomer Esiason Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boomer Esiason Foundation (EIN: 113142753) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Boomer Esiason Foundation a good charity to donate to?
Boomer Esiason Foundation has a Mission Score of 95/100. Revenue: $11.0M. Assets: $9.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boomer Esiason Foundation?
The Employer Identification Number (EIN) for Boomer Esiason Foundation is 113142753. 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 Boomer Esiason Foundation spend its money?
Boomer Esiason Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boomer Esiason Foundation's tax-exempt status?
You can verify Boomer Esiason Foundation's tax-exempt status using EIN 113142753 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 Boomer Esiason Foundation demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past several years. In the latest filing (Period 202403), the organization reported revenues of $5,920,362 against expenses of $5,586,009, indicating a positive operating margin. Assets have shown a steady upward trend, increasing from $4,973,093 in 202003 to $9,505,141 in 202403, suggesting effective asset management and accumulation. Liabilities have fluctuated but remain manageable relative to assets.
Spending efficiency appears strong, with expenses generally aligned with or below revenue, preventing significant deficits in most recent periods. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances the organization's financial health and public trust.
Overall, the foundation exhibits good financial stewardship. The consistent filing of IRS Form 990s over 14 periods, coupled with the detailed financial data provided, points to a high level of transparency. The absence of officer compensation further reinforces this commitment, allowing donors to be confident that their contributions are primarily supporting the foundation's programmatic goals.