Bona Vista Foundation Inc

Bona Vista Foundation Inc. shows minimal operational activity with significant assets, except for an unexplained $2.3M expense in 2015.

EIN: 205339834 · Kokomo, IN · Updated: 2026-03-28

$0Revenue

$0Assets

65/100Mission Score (Good)

Is Bona Vista Foundation Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Bona Vista Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bona Vista Foundation Inc

Bona Vista Foundation Inc (EIN: 205339834) is a nonprofit organization based in Kokomo, IN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bona Vista Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bona Vista Foundation Inc. appears to be a supporting organization, as indicated by its minimal revenue and expenses across most years, alongside significant assets. The 201506 filing, however, shows a substantial discrepancy with $151,240 in revenue against $2,345,370 in expenses, which is highly unusual and warrants further investigation. This could indicate a significant one-time event, a reporting error, or a pass-through of funds not fully reflected in the revenue. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led board or that compensation is handled by a related entity, which is common for supporting foundations. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the overall financial activity (excluding the 2015 anomaly) is very low relative to its asset base, suggesting a focus on asset management rather than direct program delivery.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bona Vista Foundation Inc 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Bona Vista Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Officer compensation is consistently reported as 0% across all filings, suggesting that executive leadership is either unpaid or compensated by a related entity, which is typical for supporting foundations.

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 Bona Vista Foundation Inc's IRS 990 filings:

Unexplained $2.3 million expense in 2015 with minimal revenue.
Lack of detailed expense breakdown in provided data makes efficiency analysis difficult.

Strengths

The following positive indicators were identified for Bona Vista Foundation Inc:

Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level or support from a related entity.
Maintains significant assets, suggesting financial stability for its intended purpose as a supporting organization.

Frequently Asked Questions about Bona Vista Foundation Inc

Is Bona Vista Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bona Vista Foundation Inc (EIN: 205339834) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.

How does Bona Vista Foundation Inc spend its money?

Bona Vista Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Bona Vista Foundation Inc tax-deductible?

Bona Vista Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205339834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What caused the $2.3 million in expenses in 2015, given the minimal revenue?

The provided data does not explain the significant $2,345,370 in expenses in 2015 against only $151,240 in revenue. This large discrepancy requires further examination of the full 990 filing for that period to understand the nature of these expenditures.

What is the relationship between Bona Vista Foundation Inc. and the Bona Vista Programs, Inc.?

Given the name and the financial profile (minimal direct program spending, significant assets, 0% officer compensation), it is highly probable that Bona Vista Foundation Inc. is a supporting organization for Bona Vista Programs, Inc. The provided data does not explicitly state this relationship, but it is a common structure for foundations.

How does the foundation utilize its assets, which range from $1.7 million to $2.4 million?

The foundation holds substantial assets, but its direct operational expenses are generally very low. This suggests the assets are primarily held for investment purposes to generate income or are earmarked for future distributions to its supported organization, rather than being directly spent on programs by the foundation itself.

Filing History

IRS 990 filing history for Bona Vista Foundation Inc showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2011–2015), Bona Vista Foundation Inc's revenue has grown by 230.8%, moving from $46K to $151K. Total assets decreased by 100% over the same period, from $1.7M to $0. Total functional expenses rose by 4910%, from $47K to $2.3M. In its most recent filing year (2015), Bona Vista Foundation Inc reported a deficit of $2.2M, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2015	$151K	$2.3M	$0	$0	—	View 990
2014	$51K	$46K	$2.5M	$287K	—	View 990
2013	$53K	$45K	$2.1M	$249K	—	View 990
2012	$51K	$50K	$1.8M	$180K	—	View 990
2011	$46K	$47K	$1.7M	$142K	—	View 990

Year-by-Year Financial Summary

2015: Revenue of $151K, expenses of $2.3M, and assets of $0 (revenue +199.0% year-over-year).
2014: Revenue of $51K, expenses of $46K, and assets of $2.5M (revenue -5.2% year-over-year).
2013: Revenue of $53K, expenses of $45K, and assets of $2.1M (revenue +5.2% year-over-year).
2012: Revenue of $51K, expenses of $50K, and assets of $1.8M (revenue +10.9% year-over-year).
2011: Revenue of $46K, expenses of $47K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Bona Vista Foundation Inc 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.