Bolduc Park Association
Bolduc Park Association consistently operates with zero officer compensation and growing assets.
EIN: 20475974 · Gilford, NH · NTEE: N30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $69K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Is Bolduc Park Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bolduc Park Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bolduc Park Association
Bolduc Park Association (EIN: 20475974) is a nonprofit organization based in Gilford, NH, classified under NTEE code N30Z. The organization reported total revenue of $216K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bolduc Park Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bolduc Park Association is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $69K |
| Surplus / Deficit | +$29K |
| Total Assets | $1.1M |
| Total Liabilities | $210 |
| Net Assets | $1.1M |
| Operating Margin | 29.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.7 months |
Financial Health Grade: A
In 2023, Bolduc Park Association reported a surplus of $29K with revenue exceeding expenses, holds 197.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bolduc Park Association's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.0% | +8.0% | +8.5% |
| 2022 | +102.1% | -26.5% | +52.2% |
| 2021 | +16.5% | +76.0% | +6.8% |
| 2020 | +60.8% | -5.5% | +11.0% |
| 2019 | +26.7% | +24.3% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Bolduc Park Association with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bolduc Park Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, 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 the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Bolduc Park Association:
- Consistent 0% officer compensation, indicating volunteer leadership or highly efficient compensation practices.
- Strong asset growth, increasing from $478,630 in 2014 to $1,134,925 in 2023.
- Low expenses relative to revenue, suggesting efficient operations (e.g., $63,814 expenses vs. $264,608 revenue in 2022).
- Healthy financial reserves with assets significantly exceeding liabilities (e.g., $1,134,925 assets vs. $210 liabilities in 2023).
Frequently Asked Questions about Bolduc Park Association
Is Bolduc Park Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Bolduc Park Association (EIN: 20475974) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Bolduc Park Association spend its money?
Bolduc Park Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bolduc Park Association tax-deductible?
Bolduc Park Association is registered as a tax-exempt nonprofit (EIN: 20475974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bolduc Park Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Bolduc Park Association is above average for NTEE category N30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bolduc Park Association located?
Bolduc Park Association is headquartered in Gilford, New Hampshire and files with the IRS under EIN 20475974. It is classified under NTEE code N30Z.
How many years of IRS 990 filings does Bolduc Park Association have?
Bolduc Park Association has 14 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 $216K in total revenue.
Is Bolduc Park Association a good charity?
Yes, Bolduc Park Association appears to be a very good charity. It demonstrates strong financial health with growing assets, efficient spending with low expenses relative to revenue, and excellent transparency with 0% officer compensation reported consistently.
How has Bolduc Park Association's asset base changed over time?
Bolduc Park Association's assets have shown significant growth, increasing from $478,630 in 2014 to $1,134,925 in 2023, indicating strong financial stewardship and accumulation of resources.
What is the trend in Bolduc Park Association's revenue?
Revenue for Bolduc Park Association has fluctuated but shows an overall upward trend, with a peak of $264,608 in 2022 and $97,986 in 2023, demonstrating its ability to attract funding.
Filing History
IRS 990 filing history for Bolduc Park Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bolduc Park Association's revenue has grown by 119.8%, moving from $45K to $98K. Total assets increased by 173.2% over the same period, from $415K to $1.1M. Total functional expenses rose by 94.7%, from $35K to $69K. In its most recent filing year (2023), Bolduc Park Association reported a surplus of $29K, with revenue exceeding expenses. The organization holds $210 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $69K | $1.1M | $210 | — | — |
| 2022 | $265K | $64K | $1.0M | $424 | — | View 990 |
| 2021 | $131K | $87K | $688K | $440 | — | View 990 |
| 2020 | $112K | $49K | $644K | $590 | — | — |
| 2019 | $70K | $52K | $580K | $52 | — | View 990 |
| 2018 | $55K | $42K | $563K | $325 | — | View 990 |
| 2017 | $66K | $39K | $549K | $278 | — | View 990 |
| 2016 | $55K | $29K | $522K | $323 | — | View 990 |
| 2015 | $65K | $49K | $495K | $0 | — | View 990 |
| 2014 | $43K | $33K | $479K | $102 | — | View 990 |
| 2013 | $46K | $34K | $468K | $467 | — | View 990 |
| 2012 | $57K | $34K | $456K | $71 | — | View 990 |
| 2011 | $47K | $29K | $433K | $0 | — | View 990 |
| 2010 | $45K | $35K | $415K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $69K, and assets of $1.1M (revenue -63.0% year-over-year).
- 2022: Revenue of $265K, expenses of $64K, and assets of $1.0M (revenue +102.1% year-over-year).
- 2021: Revenue of $131K, expenses of $87K, and assets of $688K (revenue +16.5% year-over-year).
- 2020: Revenue of $112K, expenses of $49K, and assets of $644K (revenue +60.8% year-over-year).
- 2019: Revenue of $70K, expenses of $52K, and assets of $580K (revenue +26.7% year-over-year).
- 2018: Revenue of $55K, expenses of $42K, and assets of $563K (revenue -16.9% year-over-year).
- 2017: Revenue of $66K, expenses of $39K, and assets of $549K (revenue +19.7% year-over-year).
- 2016: Revenue of $55K, expenses of $29K, and assets of $522K (revenue -15.2% year-over-year).
- 2015: Revenue of $65K, expenses of $49K, and assets of $495K (revenue +51.2% year-over-year).
- 2014: Revenue of $43K, expenses of $33K, and assets of $479K (revenue -5.4% year-over-year).
- 2013: Revenue of $46K, expenses of $34K, and assets of $468K (revenue -20.1% year-over-year).
- 2012: Revenue of $57K, expenses of $34K, and assets of $456K (revenue +22.4% year-over-year).
- 2011: Revenue of $47K, expenses of $29K, and assets of $433K (revenue +4.9% year-over-year).
- 2010: Revenue of $45K, expenses of $35K, and assets of $415K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bolduc Park Association:
Data Sources and Methodology
This transparency report for Bolduc Park Association 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.