Is Friends Of Boone County Arboretum Inc Legit?

Friends Of Boone County Arboretum Inc demonstrates consistent financial growth and strong program focus. Over the past seven years, the organization's assets have steadily increased from $106,732 in 2017 to $224,731 in 2023, indicating effective asset management and financial stability. Revenue has also shown a positive trend, with the latest filing reporting $129,249 against expenses of $102,652, resulting in a surplus. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of donor funds, contributing to high transparency and trust. The spending efficiency appears robust, with a significant portion of expenses likely directed towards program services, given the low overall expenses relative to revenue and the absence of paid executive compensation. The organization's liabilities have remained relatively low across all reported periods, suggesting responsible financial management and minimal debt burden. This financial health supports its mission to maintain and develop the Boone County Arboretum. Overall, Friends Of Boone County Arboretum Inc exhibits sound financial practices, a clear commitment to its mission through efficient spending, and high transparency due to its volunteer leadership. The consistent growth in assets and revenue, coupled with low liabilities and no executive compensation, paints a picture of a well-managed and impactful nonprofit.