Quick charity verification for Bossen Family Foundation (EIN: 208209673)
Verdict: Bossen Family Foundation shows mixed signals
45/100Mission Score
$60Revenue
$12KAssets
4Red Flags
3Strengths
Red Flags
Consistent asset depletion: Assets have decreased from $75,000 in 2011 to $12,017 in 2023.
Expenses frequently exceed revenue by a significant margin, e.g., $2,450 expenses vs. $53 revenue in 2023.
Extremely low and inconsistent revenue generation in recent years, indicating a lack of active fundraising or new contributions.
Unusual recurring $1 liability reported in recent filings without clear explanation.
Strengths
Consistent IRS 990 filing history, indicating transparency in reporting.
Zero officer compensation reported across all filings, demonstrating good stewardship regarding executive pay.
Low liabilities, generally indicating a healthy balance sheet in terms of debt.
Spending Breakdown
How Bossen Family Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Bossen Family Foundation
Is Bossen Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bossen Family Foundation (EIN: 208209673) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Bossen Family Foundation a good charity to donate to?
Bossen Family Foundation has a Mission Score of 45/100. Revenue: $60. Assets: $12K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bossen Family Foundation?
The Employer Identification Number (EIN) for Bossen Family Foundation is 208209673. 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 Bossen Family Foundation spend its money?
Bossen Family Foundation allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bossen Family Foundation's tax-exempt status?
You can verify Bossen Family Foundation's tax-exempt status using EIN 208209673 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 Bossen Family Foundation appears to be a small private foundation with very limited financial activity in recent years. Its revenue has been consistently low, ranging from $9 to $53 in the last four reported periods, while expenses have often significantly exceeded revenue, such as $2,450 in expenses against $53 in revenue in 2023. This pattern suggests that the foundation is primarily drawing down its assets rather than generating substantial new income for its operations or programs. The foundation's assets have steadily declined from $75,000 in 2011 to $12,017 in 2023, indicating a long-term trend of asset depletion. Given the minimal revenue and the nature of a private foundation, the financial health is stable in the sense that it's managing its existing capital, but it's not actively growing or sustaining itself through new contributions.
Spending efficiency is difficult to assess precisely without a detailed breakdown of expenses, but with expenses often being hundreds or thousands of times greater than revenue, it suggests that the foundation is primarily distributing its existing capital. The lack of officer compensation reported across all filings indicates good stewardship in terms of executive pay. However, the overall scale of operations is extremely small, making traditional efficiency metrics less applicable. The foundation consistently reports zero officer compensation, which is a positive sign for transparency regarding executive pay.
Transparency is generally good, as the foundation has a consistent filing history with the IRS. However, the NTEE code T20 (Private Grantmaking Foundations) implies its primary activity is making grants, but the financial data doesn't clearly show significant grantmaking activity relative to its declining asset base and minimal revenue. The consistent reporting of liabilities at $1 in recent years is unusual and might warrant further investigation to understand its nature, though it's a negligible amount.