Bookey Family Foundation
Bookey Family Foundation shows highly variable revenue and expense patterns, with zero officer compensation.
EIN: 203828796 · Des Moines, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $863K |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Bookey Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bookey Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bookey Family Foundation
Bookey Family Foundation (EIN: 203828796) is a nonprofit organization based in Des Moines, IA, classified under NTEE code T22. The organization reported total revenue of $12.6M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bookey Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bookey Family Foundation is a large nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 204.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $863K |
| Surplus / Deficit | +$2.9M |
| Total Assets | $3.5M |
| Total Liabilities | $80K |
| Net Assets | $3.4M |
| Operating Margin | 77.2% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 48.4 months |
Financial Health Grade: A
In 2024, Bookey Family Foundation reported a surplus of $2.9M with revenue exceeding expenses, holds 48.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Bookey Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 204.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2041.5% | +24.6% | +116.8% |
| 2023 | -96.4% | +90.2% | -25.6% |
| 2022 | +1285.4% | +3481.7% | +365.6% |
| 2021 | +13334.4% | -97.3% | +1293.5% |
| 2020 | -99.7% | +465.5% | -96.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Bookey Family Foundation 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, Bookey 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The Bookey Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for minimizing administrative costs.
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 Bookey Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Bookey Family Foundation:
- Consistent 0% officer compensation, indicating low administrative overhead.
- Significant growth in assets from $517 in 2012 to $3.4 million in 2024, building capacity for future grants.
- Positive net assets in most recent filings, demonstrating financial stability.
Frequently Asked Questions about Bookey Family Foundation
Is Bookey Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bookey Family Foundation (EIN: 203828796) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Bookey Family Foundation spend its money?
Bookey Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bookey Family Foundation tax-deductible?
Bookey Family Foundation is registered as a tax-exempt nonprofit (EIN: 203828796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bookey Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bookey Family Foundation 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 Bookey Family Foundation located?
Bookey Family Foundation is headquartered in Des Moines, Iowa and files with the IRS under EIN 203828796. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bookey Family Foundation have?
Bookey Family Foundation 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 $12.6M in total revenue.
What is the primary source of the Bookey Family Foundation's highly variable revenue?
Given the nature of a family foundation, the highly variable revenue likely stems from large, infrequent contributions from family members, investment income, or capital gains from asset sales, rather than public fundraising.
How does the foundation manage its administrative costs given 0% officer compensation?
With 0% officer compensation, administrative tasks are likely handled by volunteers, outsourced services, or through in-kind contributions, which helps keep overhead low.
What are the specific program areas or types of grants the Bookey Family Foundation supports?
The provided NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) indicates its general purpose, but specific program areas would require reviewing the foundation's grantmaking records or website, which are not available in the 990 data.
Filing History
IRS 990 filing history for Bookey Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Bookey Family Foundation's revenue has grown by 63119566.7%, moving from $6 to $3.8M. Total assets increased by 672254% over the same period, from $517 to $3.5M. Total functional expenses rose by 4232.9%, from $20K to $863K. In its most recent filing year (2024), Bookey Family Foundation reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $80K in liabilities against $3.5M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.8M | $863K | $3.5M | $80K | — | View 990 |
| 2023 | $177K | $692K | $1.6M | $855K | — | View 990 |
| 2022 | $4.9M | $364K | $2.2M | $833K | — | View 990 |
| 2021 | $356K | $10K | $463K | $1.3M | — | View 990 |
| 2020 | $3K | $383K | $33K | $1 | — | — |
| 2016 | $1.0M | $68K | $934K | $1 | — | View 990 |
| 2015 | $1 | $0 | $518 | $1 | — | View 990 |
| 2014 | $1 | $0 | $518 | $1 | — | View 990 |
| 2013 | $1 | $0 | $518 | $1 | — | View 990 |
| 2012 | $6 | $20K | $517 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.8M, expenses of $863K, and assets of $3.5M (revenue +2041.5% year-over-year).
- 2023: Revenue of $177K, expenses of $692K, and assets of $1.6M (revenue -96.4% year-over-year).
- 2022: Revenue of $4.9M, expenses of $364K, and assets of $2.2M (revenue +1285.4% year-over-year).
- 2021: Revenue of $356K, expenses of $10K, and assets of $463K (revenue +13334.4% year-over-year).
- 2020: Revenue of $3K, expenses of $383K, and assets of $33K (revenue -99.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $68K, and assets of $934K (revenue +100153300.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $518 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $518 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $518 (revenue -83.3% year-over-year).
- 2012: Revenue of $6, expenses of $20K, and assets of $517.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bookey Family Foundation:
Data Sources and Methodology
This transparency report for Bookey 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.