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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Boone County Community Foundation (EIN: 204973846) appears legitimate. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
How does Boone County Community Foundation spend its money?
Boone County Community Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.