Minimal liabilities ($1 in recent years), indicating strong financial management and low debt.
Positive net assets and recent asset growth (from $203,976 in 2022 to $291,251 in 2023), demonstrating financial stability.
Consistent IRS 990 filing history (10 filings), showing commitment to transparency.
Expenses generally managed within revenue, with a surplus in 2023 ($620,684 revenue vs. $533,409 expenses).
Spending Breakdown
How The Bos Family Foundation 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 The Bos Family Foundation
Is The Bos Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bos Family Foundation (EIN: 203716147) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is The Bos Family Foundation a good charity to donate to?
The Bos Family Foundation has a Mission Score of 92/100. Revenue: $518K. Assets: $136K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Bos Family Foundation?
The Employer Identification Number (EIN) for The Bos Family Foundation is 203716147. 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 The Bos Family Foundation spend its money?
The Bos Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Bos Family Foundation's tax-exempt status?
You can verify The Bos Family Foundation's tax-exempt status using EIN 203716147 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 Bos Family Foundation demonstrates a generally healthy financial position, with recent filings showing consistent revenue generation and positive net assets. In 2023, the organization reported revenue of $620,684 against expenses of $533,409, resulting in a surplus that contributed to an increase in assets to $291,251. While there was a slight deficit in 2022 where expenses ($795,067) exceeded revenue ($785,166), this appears to be an anomaly in an otherwise stable trend of managing expenses within or close to revenue. The foundation's liabilities have consistently been minimal ($1 in recent years), indicating strong financial control and low debt burden.
The organization's spending efficiency appears robust, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards programmatic activities or operational costs rather than executive salaries. The NTEE code B82 (Private Grantmaking Foundations) implies that their primary 'program' is grantmaking, and the lack of officer compensation aligns with a lean operational model often seen in family foundations. The consistent filing of IRS Form 990 over ten periods indicates a commitment to transparency, providing a clear historical record of their financial activities.
Overall, The Bos Family Foundation exhibits sound financial management, a strong focus on directing resources to its mission by not incurring executive compensation, and a good track record of transparency through its regular public filings. The fluctuation in revenue and expenses over the years is typical for foundations that may receive varying levels of contributions or make different sizes of grants annually, but the overall trend points to a well-managed entity.