Boone County Community Foundation
Boone County Community Foundation shows consistent asset growth and zero officer compensation amidst fluctuating annual revenues.
EIN: 204973846 · Belvidere, IL · NTEE: T31 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $15.0M |
| Total Expenses | $451K |
| Program Spending | 85% |
| Net Assets | $8.3M |
| Transparency Score | 88/100 |
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Boone County Community Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Boone County Community Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Boone County Community Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $563K and expenses of $451K.
Revenue and Expenses
Boone County Community Foundation reported $563K in revenue and $451K in expenses, a surplus of $112K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Boone County Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $384K (85%) |
Across stored filings, Boone County Community Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Philanthropy context |
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Boone County Community Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boone County Community Foundation
Boone County Community Foundation (EIN: 204973846) is a nonprofit organization based in Belvidere, IL, classified under NTEE code T31. The organization reported total revenue of $15.0M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boone County Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boone County Community Foundation is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $563K |
| Total Expenses | $451K |
| Surplus / Deficit | +$112K |
| Total Assets | $9.4M |
| Total Liabilities | $1.1M |
| Net Assets | $8.3M |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 250.6 months |
Financial Health Grade: A
In 2023, Boone County Community Foundation reported a surplus of $112K with revenue exceeding expenses, holds 250.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boone County Community Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.6% | -1.8% | +7.2% |
| 2022 | +57.3% | +16.4% | -8.2% |
| 2021 | +75.7% | -7.8% | +15.4% |
| 2020 | +106.7% | +34.5% | +10.2% |
| 2019 | -92.8% | -14.4% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Boone County Community Foundation with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Boone County Community Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Boone County Community Foundation:
- Consistent asset growth over time, from $1,920,405 in 2015 to $9,428,545 in 2023.
- Zero reported officer compensation across all available filings, indicating high efficiency in leadership costs.
- Expenses consistently lower than revenue, demonstrating sound financial management and sustainability.
- Strong financial reserves with assets significantly exceeding liabilities.
Frequently Asked Questions about Boone County Community Foundation
Is Boone County Community Foundation a legitimate charity?
Boone County Community Foundation (EIN: 204973846) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Boone County Community Foundation spend its money?
Boone County Community Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Boone County Community Foundation tax-deductible?
Boone County Community Foundation is registered as a tax-exempt nonprofit (EIN: 204973846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boone County Community Foundation's spending goes to programs?
Boone County Community Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boone County Community Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Boone County Community Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boone County Community Foundation located?
Boone County Community Foundation is headquartered in Belvidere, Illinois and files with the IRS under EIN 204973846. It is classified under NTEE code T31.
How many years of IRS 990 filings does Boone County Community Foundation have?
Boone County Community Foundation has 13 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 $15.0M in total revenue.
How does the foundation manage its significant revenue fluctuations?
The foundation appears to manage revenue fluctuations by maintaining expenses well below revenue in most years, allowing for consistent asset growth even in years with lower income. This strategy builds a robust endowment to support its mission long-term.
What is the primary source of the foundation's revenue?
As a community foundation, its revenue primarily comes from contributions, grants, and investment income, which inherently leads to year-to-year variability as seen in the filing history.
Does the foundation have sufficient reserves?
With assets of $9,428,545 and liabilities of $1,124,439 in 2023, the foundation maintains a strong financial position with substantial reserves relative to its annual expenses, indicating good financial health.
Filing History
IRS 990 filing history for Boone County Community Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boone County Community Foundation's revenue has declined by 45.1%, moving from $1.0M to $563K. Total assets increased by 748.2% over the same period, from $1.1M to $9.4M. Total functional expenses rose by 233.2%, from $135K to $451K. In its most recent filing year (2023), Boone County Community Foundation reported a surplus of $112K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $9.4M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $8.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $563K | $451K | $9.4M | $1.1M | — | — |
| 2022 | $1.1M | $460K | $8.8M | $1.3M | — | View 990 |
| 2021 | $670K | $395K | $9.6M | $1.4M | — | View 990 |
| 2020 | $381K | $428K | $8.3M | $1.0M | — | — |
| 2019 | $184K | $318K | $7.5M | $956K | — | View 990 |
| 2018 | $2.6M | $372K | $6.7M | $828K | — | View 990 |
| 2017 | $325K | $166K | $5.2M | $906K | — | View 990 |
| 2016 | $2.7M | $133K | $4.8M | $876K | — | View 990 |
| 2015 | $115K | $84K | $1.9M | $686K | — | View 990 |
| 2014 | $182K | $52K | $2.0M | $665K | — | View 990 |
| 2013 | $87K | $53K | $1.7M | $504K | — | View 990 |
| 2012 | $44K | $47K | $1.4M | $382K | — | View 990 |
| 2011 | $1.0M | $135K | $1.1M | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $563K, expenses of $451K, and assets of $9.4M (revenue -46.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $460K, and assets of $8.8M (revenue +57.3% year-over-year).
- 2021: Revenue of $670K, expenses of $395K, and assets of $9.6M (revenue +75.7% year-over-year).
- 2020: Revenue of $381K, expenses of $428K, and assets of $8.3M (revenue +106.7% year-over-year).
- 2019: Revenue of $184K, expenses of $318K, and assets of $7.5M (revenue -92.8% year-over-year).
- 2018: Revenue of $2.6M, expenses of $372K, and assets of $6.7M (revenue +694.8% year-over-year).
- 2017: Revenue of $325K, expenses of $166K, and assets of $5.2M (revenue -87.9% year-over-year).
- 2016: Revenue of $2.7M, expenses of $133K, and assets of $4.8M (revenue +2231.6% year-over-year).
- 2015: Revenue of $115K, expenses of $84K, and assets of $1.9M (revenue -36.9% year-over-year).
- 2014: Revenue of $182K, expenses of $52K, and assets of $2.0M (revenue +108.6% year-over-year).
- 2013: Revenue of $87K, expenses of $53K, and assets of $1.7M (revenue +98.5% year-over-year).
- 2012: Revenue of $44K, expenses of $47K, and assets of $1.4M (revenue -95.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $135K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boone County Community Foundation:
Data Sources and Methodology
This transparency report for Boone County Community 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.