Is Boquet Foundation Inc Legit?

Quick charity verification for Boquet Foundation Inc (EIN: 136114419)

Verdict: Boquet Foundation Inc shows mixed signals

65/100Mission Score

$900KRevenue

$3.2MAssets

3Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization with over $3 million in assets, potentially indicating a lack of transparency or unusual compensation structure.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
NTEE Code is unknown, which makes it difficult to understand the organization's specific charitable purpose and compare its financial metrics to similar organizations.

Strengths

Strong and consistent asset growth, from $2,172,846 in 2011 to $3,161,526 in the latest period, indicating sound financial management.
Extremely low liabilities (consistently $1), demonstrating a very strong balance sheet and minimal financial risk.
Generally positive net income in recent years (e.g., $282,100 revenue vs. $272,601 expenses in 2023; $366,004 revenue vs. $213,049 expenses in 2022), contributing to asset accumulation.
Long filing history (10 filings), suggesting established operations and compliance with IRS reporting requirements.

Spending Breakdown

How Boquet Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Boquet Foundation Inc

Is Boquet Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Boquet Foundation Inc (EIN: 136114419) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.

Is Boquet Foundation Inc a good charity to donate to?

Boquet Foundation Inc has a Mission Score of 65/100. Revenue: $900K. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boquet Foundation Inc?

The Employer Identification Number (EIN) for Boquet Foundation Inc is 136114419. 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 Boquet Foundation Inc spend its money?

Boquet Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boquet Foundation Inc's tax-exempt status?

You can verify Boquet Foundation Inc's tax-exempt status using EIN 136114419 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 Boquet Foundation Inc. demonstrates consistent financial stability with growing assets, reaching $3,161,526 in the latest period. The organization consistently reports minimal liabilities, often just $1, indicating a very strong balance sheet and low financial risk. Revenue has fluctuated significantly over the years, from a low of $72,410 in 2015 to a high of $879,865 in 2021, and $900,218 in the latest period, suggesting reliance on varying funding sources or large, infrequent contributions. The foundation's expenses have generally been well below its revenue in recent years, allowing for asset growth. For instance, in 2023, revenue was $282,100 against expenses of $272,601, and in 2022, revenue was $366,004 against expenses of $213,049. This consistent surplus contributes to its robust asset base.

However, a significant area for improvement in transparency is the lack of reported officer compensation across all available filings (0%). While this could indicate a fully volunteer-run board, it's unusual for an organization with over $3 million in assets and fluctuating revenues to report no compensation for its officers or key employees. This absence of detail makes it difficult to fully assess administrative efficiency and potential related-party transactions. Without a breakdown of expenses into program, administrative, and fundraising categories, it's challenging to precisely evaluate spending efficiency, but the overall financial health appears strong due to consistent asset growth and low liabilities.

Given the available data, the foundation appears to be a grant-making or asset-holding entity, as indicated by its substantial assets and fluctuating revenue/expense patterns. The consistent growth in assets, from $2,172,846 in 2011 to $3,161,526 currently, suggests effective asset management. The minimal liabilities are a strong indicator of financial prudence. However, the lack of detailed expense breakdowns and officer compensation information limits a comprehensive assessment of its operational transparency and program impact.

View Full Transparency Report →

Disclaimer

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