Bonus Fund
Bonus Fund exhibits highly volatile revenue and expenses, with zero reported officer compensation across all filings.
EIN: 202843047 · Naples, FL · NTEE: T20 · Updated: 2026-03-28
Is Bonus Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bonus Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bonus Fund
Bonus Fund (EIN: 202843047) is a nonprofit organization based in Naples, FL, classified under NTEE code T20. The organization reported total revenue of $14.0M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bonus Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bonus Fund is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 55.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $13K |
| Surplus / Deficit | +$383K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 96.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1217.0 months |
Financial Health Grade: A
In 2023, Bonus Fund reported a surplus of $383K with revenue exceeding expenses, holds 1217.0 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), Bonus Fund's revenue has grown at a compound annual growth rate (CAGR) of 55.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.7% | -98.8% | +8.0% |
| 2022 | +256.3% | +286.8% | -41.6% |
| 2021 | +476.3% | -8.0% | -1.3% |
| 2020 | -85.3% | -54.7% | +17.1% |
| 2019 | +46.9% | +234.1% | +6.9% |
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 Bonus Fund 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: 75%
- fundraising: 10%
According to IRS 990 filings, Bonus Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $383K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Bonus Fund consistently reports 0% officer compensation across all ten available IRS 990 filings, which is highly unusual for an organization with latest revenue of over $14 million and assets of nearly $15 million, suggesting either an entirely volunteer executive team or compensation structured in a way not reported as officer compensation.
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 Bonus Fund's IRS 990 filings:
- Highly inconsistent revenue and expense patterns across filing periods, indicating potential financial instability.
- Expenses exceeded revenue in multiple years (e.g., 2022), which can be a sign of unsustainable operations.
- Reporting $0 officer compensation for an organization with multi-million dollar revenue and assets is unusual and warrants further investigation into executive compensation structures.
- Lack of detailed expense breakdown in the provided data limits a thorough assessment of spending efficiency.
Strengths
The following positive indicators were identified for Bonus Fund:
- Consistently reports minimal liabilities ($0 or $1), indicating a healthy balance sheet in terms of debt.
- Latest reported revenue of $14,027,387 and assets of $14,902,473 demonstrate significant financial capacity.
- The consistent reporting of $0 officer compensation could be viewed positively by donors concerned about executive pay, assuming leadership is genuinely volunteer or compensated ethically through other means.
Frequently Asked Questions about Bonus Fund
Is Bonus Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Bonus Fund (EIN: 202843047) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Bonus Fund spend its money?
Bonus Fund directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bonus Fund tax-deductible?
Bonus Fund is registered as a tax-exempt nonprofit (EIN: 202843047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bonus Fund manage its significant revenue fluctuations, such as the jump from $395,768 in 2023 to $14,027,387 in its latest reported revenue?
The provided data shows a dramatic increase in revenue between the 2023 filing period and the 'latest revenue' figure. Understanding the source and sustainability of this growth is crucial for assessing financial stability.
Given the $0 officer compensation reported, how are the organization's executive functions managed and compensated?
The consistent reporting of zero officer compensation for an organization of this scale is atypical. It raises questions about whether executive leadership is entirely volunteer-based or if compensation is structured through other entities or mechanisms not captured in this specific line item.
What are the specific program activities and their associated costs, especially considering the NTEE code T20 (Grantmaking)?
As a grantmaking foundation, understanding the types of grants made, the beneficiaries, and the administrative overhead associated with grant distribution is essential to evaluate program effectiveness and efficiency.
Why did expenses exceed revenue in multiple years, such as 2022 ($1,079,427 expenses vs. $729,195 revenue), and how does the organization cover these deficits?
Persistent deficits, even if offset by prior year surpluses or asset drawdowns, can indicate unsustainable financial practices. Understanding the funding sources used to cover these shortfalls is important.
Filing History
IRS 990 filing history for Bonus Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bonus Fund's revenue has grown by 20566.7%, moving from $2K to $396K. Total assets increased by 934.1% over the same period, from $126K to $1.3M. Total functional expenses rose by 297.2%, from $3K to $13K. In its most recent filing year (2023), Bonus Fund reported a surplus of $383K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $396K | $13K | $1.3M | $1 | — | — |
| 2022 | $729K | $1.1M | $1.2M | $1 | — | View 990 |
| 2021 | $205K | $279K | $2.1M | $1 | — | View 990 |
| 2020 | $36K | $303K | $2.1M | $1 | — | — |
| 2019 | $242K | $669K | $1.8M | $1 | — | View 990 |
| 2015 | $165K | $200K | $1.7M | $0 | — | View 990 |
| 2014 | $1.8M | $254K | $1.7M | $1 | — | View 990 |
| 2013 | $4K | $129K | $134K | $0 | — | View 990 |
| 2012 | $277K | $143K | $260K | $0 | — | View 990 |
| 2011 | $2K | $3K | $126K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $396K, expenses of $13K, and assets of $1.3M (revenue -45.7% year-over-year).
- 2022: Revenue of $729K, expenses of $1.1M, and assets of $1.2M (revenue +256.3% year-over-year).
- 2021: Revenue of $205K, expenses of $279K, and assets of $2.1M (revenue +476.3% year-over-year).
- 2020: Revenue of $36K, expenses of $303K, and assets of $2.1M (revenue -85.3% year-over-year).
- 2019: Revenue of $242K, expenses of $669K, and assets of $1.8M (revenue +46.9% year-over-year).
- 2015: Revenue of $165K, expenses of $200K, and assets of $1.7M (revenue -91.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $254K, and assets of $1.7M (revenue +50085.8% year-over-year).
- 2013: Revenue of $4K, expenses of $129K, and assets of $134K (revenue -98.7% year-over-year).
- 2012: Revenue of $277K, expenses of $143K, and assets of $260K (revenue +14371.4% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $126K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bonus Fund:
Data Sources and Methodology
This transparency report for Bonus Fund 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.