Is Boynton Beach Firefighters Retirement Insurance Fund Legit?
Quick charity verification for Boynton Beach Firefighters Retirement Insurance Fund (EIN: 203632241)
Verdict: Boynton Beach Firefighters Retirement Insurance Fund appears trustworthy
90/100Mission Score
$1.5MRevenue
$5.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net assets and no reported liabilities across all filings.
0% officer compensation reported, indicating high efficiency in leadership costs.
Steady growth in assets over the past decade, from $2,099,111 in 201409 to $4,357,653 in 202309.
Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency.
Clear and focused mission as a pension and retirement fund (NTEE Code Y43).
Spending Breakdown
How Boynton Beach Firefighters Retirement Insurance Fund 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 Boynton Beach Firefighters Retirement Insurance Fund
Is Boynton Beach Firefighters Retirement Insurance Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Boynton Beach Firefighters Retirement Insurance Fund (EIN: 203632241) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Boynton Beach Firefighters Retirement Insurance Fund a good charity to donate to?
Boynton Beach Firefighters Retirement Insurance Fund has a Mission Score of 90/100. Revenue: $1.5M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boynton Beach Firefighters Retirement Insurance Fund?
The Employer Identification Number (EIN) for Boynton Beach Firefighters Retirement Insurance Fund is 203632241. 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 Boynton Beach Firefighters Retirement Insurance Fund spend its money?
Boynton Beach Firefighters Retirement Insurance Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boynton Beach Firefighters Retirement Insurance Fund's tax-exempt status?
You can verify Boynton Beach Firefighters Retirement Insurance Fund's tax-exempt status using EIN 203632241 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 Boynton Beach Firefighters Retirement Insurance Fund appears to be a financially stable organization, consistently maintaining positive net assets and no reported liabilities across all available filings. Its primary function, as indicated by its NTEE code (Y43 - Pension & Retirement Funds), is to manage retirement insurance for firefighters. The organization's revenue has fluctuated over the years, with a notable increase in the latest reported period (202309) to $342,653, while expenses have also risen, reaching $331,612 in the same period. This indicates that the fund is actively managing its assets and fulfilling its purpose, with expenses closely tracking revenue in recent years.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not explicitly provided in the summary data. However, given its nature as a retirement fund, most expenses would likely be considered programmatic (e.g., benefit payments, investment management fees). The consistent reporting of 0% officer compensation across all periods suggests a high degree of volunteerism or that compensation is handled through other means not captured in this specific metric, which is a positive indicator for minimizing overhead.
Transparency appears to be good, with 13 filings available, demonstrating consistent reporting to the IRS. The absence of liabilities is a strong positive indicator of financial health and responsible management. While a more granular breakdown of expenses would enhance transparency, the overall picture suggests a well-managed fund focused on its core mission.