Boardman Fam Foundation
Boardman Fam Foundation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 137166339 · Pittsburgh, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $576K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8,573,027 |
| Net Assets | $8.6M |
| Transparency Score | 92/100 |
Is Boardman Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boardman Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boardman Fam Foundation
Boardman Fam Foundation (EIN: 137166339) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T20. The organization reported total revenue of $4.2M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boardman Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boardman Fam Foundation is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $576K |
| Surplus / Deficit | +$949K |
| Total Assets | $8.6M |
| Total Liabilities | $1 |
| Net Assets | $8.6M |
| Operating Margin | 62.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 178.5 months |
Financial Health Grade: A
In 2024, Boardman Fam Foundation reported a surplus of $949K with revenue exceeding expenses, holds 178.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Boardman Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +115.8% | -12.9% | +12.4% |
| 2023 | -37.7% | +3.5% | +0.6% |
| 2022 | +56.7% | +18.2% | +7.3% |
| 2021 | +174.6% | +1.5% | +2.3% |
| 2020 | -17.5% | +13.6% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boardman Fam Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Boardman Fam Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $949K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of its asset size ($8,573,027 in 2024) and suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Boardman Fam Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary makes precise efficiency calculation difficult.
- Fluctuating revenue year-to-year, though assets continue to grow, could indicate reliance on less predictable funding sources.
Strengths
The following positive indicators were identified for Boardman Fam Foundation:
- Consistent asset growth from $3.9M to $8.5M over 10 years.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Minimal liabilities ($0 or $1 reported), demonstrating strong financial management and low debt.
- Consistent IRS 990 filing history over a decade, indicating transparency and compliance.
- Expenses consistently well below revenue in most periods, allowing for asset accumulation.
Frequently Asked Questions about Boardman Fam Foundation
Is Boardman Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boardman Fam Foundation (EIN: 137166339) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Boardman Fam Foundation spend its money?
Boardman Fam Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boardman Fam Foundation tax-deductible?
Boardman Fam Foundation is registered as a tax-exempt nonprofit (EIN: 137166339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boardman Fam Foundation CEO make?
Boardman Fam Foundation's highest-compensated officer earns $8,573,027 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Boardman Fam Foundation's spending goes to programs?
Boardman Fam Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boardman Fam Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Boardman Fam Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boardman Fam Foundation located?
Boardman Fam Foundation is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 137166339. It is classified under NTEE code T20.
How many years of IRS 990 filings does Boardman Fam Foundation have?
Boardman Fam Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.2M in total revenue.
Is Boardman Fam Foundation a good charity?
Based on the provided data, the Boardman Fam Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to not paying officer compensation, suggesting a high percentage of funds are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has consistently improved, with assets growing from $3,904,237 in 2012 to $8,573,027 in 2024. Liabilities have remained negligible, and expenses have generally been well-managed relative to revenue, indicating sustained stability and growth.
What is the foundation's approach to executive compensation?
The foundation's approach to executive compensation is highly conservative, reporting 0% officer compensation in all ten filings. This suggests that executive leadership is either entirely volunteer-based or compensated through other non-officer channels, allowing more resources for programs.
Filing History
IRS 990 filing history for Boardman Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Boardman Fam Foundation's revenue has grown by 129.8%, moving from $664K to $1.5M. Total assets increased by 119.6% over the same period, from $3.9M to $8.6M. Total functional expenses rose by 177%, from $208K to $576K. In its most recent filing year (2024), Boardman Fam Foundation reported a surplus of $949K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $576K | $8.6M | $1 | — | View 990 |
| 2023 | $707K | $662K | $7.6M | $1 | — | View 990 |
| 2022 | $1.1M | $639K | $7.6M | $1 | — | View 990 |
| 2021 | $724K | $541K | $7.1M | $1 | — | — |
| 2020 | $263K | $533K | $6.9M | $0 | — | View 990 |
| 2016 | $319K | $469K | $6.4M | $0 | — | View 990 |
| 2015 | $3.1M | $331K | $6.6M | $0 | — | View 990 |
| 2014 | $308K | $280K | $4.6M | $0 | — | View 990 |
| 2013 | $947K | $231K | $4.6M | $0 | — | View 990 |
| 2012 | $664K | $208K | $3.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $576K, and assets of $8.6M (revenue +115.8% year-over-year).
- 2023: Revenue of $707K, expenses of $662K, and assets of $7.6M (revenue -37.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $639K, and assets of $7.6M (revenue +56.7% year-over-year).
- 2021: Revenue of $724K, expenses of $541K, and assets of $7.1M (revenue +174.6% year-over-year).
- 2020: Revenue of $263K, expenses of $533K, and assets of $6.9M (revenue -17.5% year-over-year).
- 2016: Revenue of $319K, expenses of $469K, and assets of $6.4M (revenue -89.6% year-over-year).
- 2015: Revenue of $3.1M, expenses of $331K, and assets of $6.6M (revenue +894.2% year-over-year).
- 2014: Revenue of $308K, expenses of $280K, and assets of $4.6M (revenue -67.5% year-over-year).
- 2013: Revenue of $947K, expenses of $231K, and assets of $4.6M (revenue +42.7% year-over-year).
- 2012: Revenue of $664K, expenses of $208K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boardman Fam Foundation:
Data Sources and Methodology
This transparency report for Boardman Fam Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.