Bonney Family Foundation Inc
Bonney Family Foundation consistently spends more than it earns, drawing down assets, with no reported officer compensation.
EIN: 10568837 · Framingham, MA · NTEE: T22 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $19,126,663 |
| Net Assets | $19.1M |
| Transparency Score | 85/100 |
Is Bonney Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bonney Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonney Family Foundation Inc
Bonney Family Foundation Inc (EIN: 10568837) is a nonprofit organization based in Framingham, MA, classified under NTEE code T22. The organization reported total revenue of $6.1M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonney Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonney Family Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-2,054,297 |
| Total Assets | $19.1M |
| Total Liabilities | $1 |
| Net Assets | $19.1M |
| Operating Margin | -180.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 71.9 months |
Financial Health Grade: B
In 2023, Bonney Family Foundation Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 71.9 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 (2011–2023), Bonney Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +131.1% | -17.2% | -9.7% |
| 2022 | -87.2% | +2.4% | -13.7% |
| 2021 | +0.4% | +10.0% | -2.1% |
| 2020 | +174.4% | -12.7% | +1.7% |
| 2019 | -96.5% | +3066.5% | -39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Bonney Family Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bonney Family Foundation Inc 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 deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bonney Family Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization of its asset size ($19,126,663 in 2023) and suggests a volunteer-driven or very lean administrative model.
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 Bonney Family Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to asset depletion (e.g., $3.19M expenses vs. $1.14M revenue in 2023).
- Significant decline in assets from $40.5M in 2015 to $19.1M in 2023.
Strengths
The following positive indicators were identified for Bonney Family Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
- Extremely low liabilities (consistently $1), demonstrating strong financial management and minimal debt.
- Consistent filing history, indicating transparency and compliance.
Frequently Asked Questions about Bonney Family Foundation Inc
Is Bonney Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonney Family Foundation Inc (EIN: 10568837) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Bonney Family Foundation Inc spend its money?
Bonney Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bonney Family Foundation Inc tax-deductible?
Bonney Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10568837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bonney Family Foundation Inc CEO make?
Bonney Family Foundation Inc's highest-compensated officer earns $19,126,663 annually. The organization reported $6.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Bonney Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bonney Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bonney Family Foundation Inc located?
Bonney Family Foundation Inc is headquartered in Framingham, Massachusetts and files with the IRS under EIN 10568837. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bonney Family Foundation Inc have?
Bonney Family Foundation Inc 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 $6.1M in total revenue.
Is the Bonney Family Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $3.19M expenses vs. $1.14M revenue in 2023), leading to a decline in assets from $40.5M in 2015 to $19.1M in 2023. While this is common for foundations distributing grants, continued spending at this rate without significant new revenue could impact long-term sustainability.
What is the nature of the 'Officer Comp=0%' reported across all filings?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership is either entirely volunteer-based or compensated through mechanisms not categorized as 'officer compensation' on the 990 form. This indicates a very lean administrative structure, potentially maximizing funds for programs.
How does the foundation manage its liabilities?
The Bonney Family Foundation Inc. consistently reports only $1 in liabilities across all available filings, indicating extremely strong financial management with virtually no debt burden.
Filing History
IRS 990 filing history for Bonney Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bonney Family Foundation Inc's revenue has grown by 1108.4%, moving from $94K to $1.1M. Total assets increased by 6997.9% over the same period, from $269K to $19.1M. Total functional expenses rose by 4865%, from $64K to $3.2M. In its most recent filing year (2023), Bonney Family Foundation Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $3.2M | $19.1M | $1 | — | — |
| 2022 | $493K | $3.9M | $21.2M | $1 | — | — |
| 2021 | $3.9M | $3.8M | $24.5M | $1 | — | View 990 |
| 2020 | $3.8M | $3.4M | $25.1M | $1 | — | — |
| 2019 | $1.4M | $3.9M | $24.7M | $1 | — | View 990 |
| 2015 | $40.1M | $124K | $40.5M | $1 | — | View 990 |
| 2014 | $37K | $8K | $565K | $1 | — | View 990 |
| 2013 | $267K | $5K | $536K | $1 | — | View 990 |
| 2012 | $10K | $5K | $274K | $1 | — | View 990 |
| 2011 | $94K | $64K | $269K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $3.2M, and assets of $19.1M (revenue +131.1% year-over-year).
- 2022: Revenue of $493K, expenses of $3.9M, and assets of $21.2M (revenue -87.2% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.8M, and assets of $24.5M (revenue +0.4% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.4M, and assets of $25.1M (revenue +174.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $3.9M, and assets of $24.7M (revenue -96.5% year-over-year).
- 2015: Revenue of $40.1M, expenses of $124K, and assets of $40.5M (revenue +107655.5% year-over-year).
- 2014: Revenue of $37K, expenses of $8K, and assets of $565K (revenue -86.0% year-over-year).
- 2013: Revenue of $267K, expenses of $5K, and assets of $536K (revenue +2559.5% year-over-year).
- 2012: Revenue of $10K, expenses of $5K, and assets of $274K (revenue -89.4% year-over-year).
- 2011: Revenue of $94K, expenses of $64K, and assets of $269K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonney Family Foundation Inc:
Data Sources and Methodology
This transparency report for Bonney Family 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.