Boch Family Foundation
Boch Family Foundation consistently grows assets with minimal reported administrative costs.
EIN: 203429592 · Norwood, MA · NTEE: T30 · Updated: 2026-03-28
Is Boch Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boch Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boch Family Foundation
Boch Family Foundation (EIN: 203429592) is a nonprofit organization based in Norwood, MA, classified under NTEE code T30. The organization reported total revenue of $1.3M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boch Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Boch Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Boch Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated by an external entity, which significantly reduces administrative overhead for the foundation itself.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Boch Family Foundation's IRS 990 filings:
- Negative revenue reported in 2022 ($ -160,156) without immediate explanation.
- Lack of detailed program spending breakdown within the provided summary, typical for grantmaking foundations but limits specific impact assessment.
Strengths
The following positive indicators were identified for Boch Family Foundation:
- Consistent growth in assets, from $1,442,077 in 2011 to $3,177,640 in 2023.
- Extremely low reported administrative costs, with 0% officer compensation across all filings.
- Strong financial health with expenses consistently lower than revenue in most periods, allowing for asset accumulation.
- Long history of IRS 990 filings (11 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Boch Family Foundation
Is Boch Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boch Family Foundation (EIN: 203429592) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Boch Family Foundation spend its money?
Boch Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boch Family Foundation tax-deductible?
Boch Family Foundation is registered as a tax-exempt nonprofit (EIN: 203429592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary focus of the grants distributed by the Boch Family Foundation?
Based on the NTEE code T30 (Private Grantmaking Foundations), the foundation's primary focus is distributing grants to other organizations, though the specific areas of grantmaking are not detailed in the provided financial summary.
How does the foundation manage to have 0% officer compensation?
The 0% officer compensation reported suggests that officers are either serving in a purely voluntary capacity or their compensation is covered by a related entity, thereby not being reported as an expense of the foundation itself.
What caused the negative revenue of $-160,156 in 2022?
Negative revenue can occur due to investment losses, significant returns of prior year grants, or other non-operating adjustments. Without further detail from the full 990 filing, the exact cause cannot be determined.
Filing History
IRS 990 filing history for Boch Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Boch Family Foundation's revenue has grown by 67.6%, moving from $151K to $253K. Total assets increased by 98.1% over the same period, from $1.6M to $3.2M. Total functional expenses fell by 54.6%, from $223K to $101K. In its most recent filing year (2023), Boch Family Foundation reported a surplus of $152K, with revenue exceeding expenses. The organization holds $252K in liabilities against $3.2M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $101K | $3.2M | $252K | — | — |
| 2022 | $-160,156 | $57K | $3.0M | $1 | — | View 990 |
| 2021 | $633K | $152K | $2.6M | $1 | — | View 990 |
| 2020 | $476K | $114K | $2.8M | $1 | — | View 990 |
| 2019 | $523K | $375K | $2.4M | $0 | — | View 990 |
| 2015 | $311K | $364K | $1.6M | $0 | — | View 990 |
| 2014 | $316K | $216K | $1.7M | $0 | — | View 990 |
| 2013 | $471K | $293K | $1.6M | $0 | — | View 990 |
| 2012 | $178K | $205K | $1.4M | $0 | — | View 990 |
| 2011 | $136K | $285K | $1.4M | $0 | — | View 990 |
| 2010 | $151K | $223K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $101K, and assets of $3.2M.
- 2022: Revenue of $-160,156, expenses of $57K, and assets of $3.0M (revenue -125.3% year-over-year).
- 2021: Revenue of $633K, expenses of $152K, and assets of $2.6M (revenue +32.9% year-over-year).
- 2020: Revenue of $476K, expenses of $114K, and assets of $2.8M (revenue -9.0% year-over-year).
- 2019: Revenue of $523K, expenses of $375K, and assets of $2.4M (revenue +68.3% year-over-year).
- 2015: Revenue of $311K, expenses of $364K, and assets of $1.6M (revenue -1.5% year-over-year).
- 2014: Revenue of $316K, expenses of $216K, and assets of $1.7M (revenue -33.0% year-over-year).
- 2013: Revenue of $471K, expenses of $293K, and assets of $1.6M (revenue +164.6% year-over-year).
- 2012: Revenue of $178K, expenses of $205K, and assets of $1.4M (revenue +30.9% year-over-year).
- 2011: Revenue of $136K, expenses of $285K, and assets of $1.4M (revenue -10.1% year-over-year).
- 2010: Revenue of $151K, expenses of $223K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Boch Family 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.