Is Bossak Heilbron Charitable Foundation Inc Legit?
Quick charity verification for Bossak Heilbron Charitable Foundation Inc (EIN: 133862827)
Verdict: Bossak Heilbron Charitable Foundation Inc appears trustworthy
75/100Mission Score
$534KRevenue
$648KAssets
2Red Flags
4Strengths
Red Flags
Consistent net losses (expenses exceeding revenue) in most recent years, leading to asset depletion.
Revenue volatility, including a negative revenue year in 2020 (-$11,085).
Strengths
Zero officer compensation, indicating high efficiency in executive costs.
Very low liabilities across all reported periods ($0 or $1), suggesting strong financial control.
Consistent filing of IRS 990 forms, demonstrating transparency.
Strong program focus, typical of a private grantmaking foundation with minimal overhead.
Spending Breakdown
How Bossak Heilbron Charitable Foundation Inc 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 Bossak Heilbron Charitable Foundation Inc
Is Bossak Heilbron Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bossak Heilbron Charitable Foundation Inc (EIN: 133862827) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Bossak Heilbron Charitable Foundation Inc a good charity to donate to?
Bossak Heilbron Charitable Foundation Inc has a Mission Score of 75/100. Revenue: $534K. Assets: $648K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bossak Heilbron Charitable Foundation Inc?
The Employer Identification Number (EIN) for Bossak Heilbron Charitable Foundation Inc is 133862827. 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 Bossak Heilbron Charitable Foundation Inc spend its money?
Bossak Heilbron Charitable Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bossak Heilbron Charitable Foundation Inc's tax-exempt status?
You can verify Bossak Heilbron Charitable Foundation Inc's tax-exempt status using EIN 133862827 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 Bossak Heilbron Charitable Foundation Inc appears to be a small, private foundation primarily focused on grantmaking, as indicated by its NTEE code T20Z (Private Grantmaking Foundations). Its financial health shows a pattern of expenses often exceeding revenue in recent years, leading to a gradual decline in assets from over $1 million in 2011 to $696,442 in 2023. For example, in 2022, expenses were $82,847 while revenue was $77,354, and in 2021, expenses were $76,680 against $54,307 in revenue. This trend suggests the foundation is spending down its endowment or relying on investment returns that fluctuate.
The organization demonstrates strong spending efficiency in terms of administrative and fundraising costs, as it reports 0% officer compensation across all filings and likely has minimal overhead given its nature. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the proportion dedicated directly to program services versus other operational costs. The consistent low liabilities ($1 or $0 in most years) indicates sound financial management regarding debt.
Transparency is generally good for a private foundation, with consistent IRS 990 filings available. The absence of officer compensation is a positive indicator of resources being directed towards the foundation's charitable purpose rather than executive salaries. However, the lack of detailed expense categorization in the provided summary makes a granular assessment of program spending efficiency difficult.