Bomhoff Family Foundation
Bomhoff Family Foundation consistently spends more than it earns, drawing down minimal assets.
EIN: 205620671 · Okarche, OK · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17 |
| Total Expenses | $1K |
| Program Spending | 90% |
| Net Assets | $6K |
| Transparency Score | 65/100 |
Is Bomhoff Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bomhoff Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bomhoff Family Foundation
Bomhoff Family Foundation (EIN: 205620671) is a nonprofit organization based in Okarche, OK, classified under NTEE code T20. The organization reported total revenue of $17 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bomhoff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bomhoff Family Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -31.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $1K |
| Surplus / Deficit | $-1,485 |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | -148500.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 44.6 months |
Financial Health Grade: B
In 2021, Bomhoff Family Foundation reported a deficit of $1K with expenses exceeding revenue, holds 44.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Bomhoff Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -96.2% | -60.9% | -21.2% |
| 2020 | -99.8% | -67.3% | -35.0% |
| 2019 | +716.2% | +199.4% | -33.8% |
| 2015 | -90.7% | -56.1% | -8.8% |
| 2014 | +190.5% | +113.9% | +270.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Bomhoff Family Foundation with a Mission Score of 65 out of 100 (Good). 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, Bomhoff Family Foundation 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is a positive for minimizing administrative overhead given its small 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.
Red Flags
The following concerns were identified during AI analysis of Bomhoff Family Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) across multiple years, indicating reliance on asset depletion.
- Very low and declining asset base, limiting future grant-making capacity.
Strengths
The following positive indicators were identified for Bomhoff Family Foundation:
- Zero officer compensation reported across all filings, indicating low administrative overhead in this area.
- Consistent filing of IRS Form 990, demonstrating transparency.
Frequently Asked Questions about Bomhoff Family Foundation
Is Bomhoff Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bomhoff Family Foundation (EIN: 205620671) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Bomhoff Family Foundation spend its money?
Bomhoff Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bomhoff Family Foundation tax-deductible?
Bomhoff Family Foundation is registered as a tax-exempt nonprofit (EIN: 205620671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bomhoff Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bomhoff Family 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 Bomhoff Family Foundation located?
Bomhoff Family Foundation is headquartered in Okarche, Oklahoma and files with the IRS under EIN 205620671. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bomhoff Family Foundation have?
Bomhoff Family Foundation has 8 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 $17 in total revenue.
Is Bomhoff Family Foundation a good charity?
As a very small private family foundation, its 'goodness' depends on its specific grant-making impact, which is not detailed in the provided financial summary. Financially, it operates on a very small scale, consistently spending more than its revenue, drawing down its modest assets.
Why does the foundation consistently have more expenses than revenue?
This pattern suggests the foundation is primarily disbursing funds from its existing asset base rather than generating substantial new income. For example, in 2021, it had $1 in revenue but $1,486 in expenses, and in 2020, $26 in revenue against $3,803 in expenses.
What is the trend in the foundation's assets?
The foundation's assets have generally declined over time, from a high of $17,852 in 2014 to $3,239 currently, and $5,522 in 2021, indicating a consistent draw-down to cover expenses.
Filing History
IRS 990 filing history for Bomhoff Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Bomhoff Family Foundation's revenue has declined by 97.7%, moving from $44 to $1. Total assets increased by 3167.5% over the same period, from $169 to $6K. Total functional expenses rose by 110.2%, from $707 to $1K. In its most recent filing year (2021), Bomhoff Family Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1 | $1K | $6K | $1 | — | — |
| 2020 | $26 | $4K | $7K | $1 | — | — |
| 2019 | $17K | $12K | $11K | $1 | — | View 990 |
| 2015 | $2K | $4K | $16K | $1 | — | View 990 |
| 2014 | $22K | $9K | $18K | $1 | — | View 990 |
| 2013 | $8K | $4K | $5K | $1 | — | View 990 |
| 2012 | $2K | $895 | $1K | $1 | — | View 990 |
| 2011 | $44 | $707 | $169 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1, expenses of $1K, and assets of $6K (revenue -96.2% year-over-year).
- 2020: Revenue of $26, expenses of $4K, and assets of $7K (revenue -99.8% year-over-year).
- 2019: Revenue of $17K, expenses of $12K, and assets of $11K (revenue +716.2% year-over-year).
- 2015: Revenue of $2K, expenses of $4K, and assets of $16K (revenue -90.7% year-over-year).
- 2014: Revenue of $22K, expenses of $9K, and assets of $18K (revenue +190.5% year-over-year).
- 2013: Revenue of $8K, expenses of $4K, and assets of $5K (revenue +269.5% year-over-year).
- 2012: Revenue of $2K, expenses of $895, and assets of $1K (revenue +4586.4% year-over-year).
- 2011: Revenue of $44, expenses of $707, and assets of $169.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bomhoff Family Foundation:
Data Sources and Methodology
This transparency report for Bomhoff 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.