Boquet Foundation Inc
Boquet Foundation maintains strong asset growth with minimal liabilities, but lacks detailed expense and compensation transparency.
EIN: 136114419 · Hockessin, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $900K |
| Total Expenses | $273K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 65/100 |
Is Boquet Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boquet Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Boquet Foundation Inc
Boquet Foundation Inc (EIN: 136114419) is a nonprofit organization based in Hockessin, DE. The organization reported total revenue of $900K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boquet Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boquet Foundation Inc is a small nonprofit that has been operating for 64 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $273K |
| Surplus / Deficit | +$9K |
| Total Assets | $3.1M |
| Total Liabilities | $1 |
| Net Assets | $3.1M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.4 months |
Financial Health Grade: A
In 2023, Boquet Foundation Inc reported a surplus of $9K with revenue exceeding expenses, holds 138.4 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), Boquet Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | +28.0% | +0.3% |
| 2022 | -58.4% | +13.8% | +5.1% |
| 2021 | +303.9% | -10.1% | +30.3% |
| 2020 | -39.2% | -2.5% | +0.4% |
| 2019 | +394.4% | +18.0% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Boquet Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Boquet Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is unusual for an entity managing over $3 million in assets. This lack of reported compensation makes it impossible to assess executive pay relative to the organization's size or mission, and raises questions about how leadership is compensated, if at all, or if it's entirely volunteer-led.
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 Boquet Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization with over $3 million in assets, potentially indicating a lack of transparency or unusual compensation structure.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
- NTEE Code is unknown, which makes it difficult to understand the organization's specific charitable purpose and compare its financial metrics to similar organizations.
Strengths
The following positive indicators were identified for Boquet Foundation Inc:
- Strong and consistent asset growth, from $2,172,846 in 2011 to $3,161,526 in the latest period, indicating sound financial management.
- Extremely low liabilities (consistently $1), demonstrating a very strong balance sheet and minimal financial risk.
- Generally positive net income in recent years (e.g., $282,100 revenue vs. $272,601 expenses in 2023; $366,004 revenue vs. $213,049 expenses in 2022), contributing to asset accumulation.
- Long filing history (10 filings), suggesting established operations and compliance with IRS reporting requirements.
Frequently Asked Questions about Boquet Foundation Inc
Is Boquet Foundation Inc a legitimate charity?
Boquet Foundation Inc (EIN: 136114419) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $900K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Boquet Foundation Inc spend its money?
Boquet Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Boquet Foundation Inc tax-deductible?
Boquet Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136114419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boquet Foundation Inc CEO make?
Boquet Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $900K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Boquet Foundation Inc's spending goes to programs?
Boquet Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Boquet Foundation Inc located?
Boquet Foundation Inc is headquartered in Hockessin, Delaware and files with the IRS under EIN 136114419.
How many years of IRS 990 filings does Boquet Foundation Inc have?
Boquet 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 $900K in total revenue.
What is the Boquet Foundation's primary program activity?
Based on the provided IRS 990 data, the specific program activities are not detailed. The data primarily shows financial aggregates, making it difficult to discern the foundation's core mission or how its expenses are allocated to specific programs.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer board and leadership, or that compensation is being reported in a way not captured under 'officer compensation' on the 990, such as through a related entity or as contractor fees. This lack of transparency makes it difficult to assess governance practices.
How does the foundation manage its significant assets?
The foundation has consistently grown its assets from $2,172,846 in 2011 to $3,161,526 currently, while maintaining minimal liabilities. This indicates effective asset management, likely through investments, though specific investment strategies are not detailed in the provided data.
What is the breakdown of the foundation's expenses?
The provided IRS 990 data only offers total expenses. A detailed breakdown into program, administrative, and fundraising costs is not available, which limits the ability to fully assess spending efficiency and program focus.
Filing History
IRS 990 filing history for Boquet Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Boquet Foundation Inc's revenue has grown by 14.6%, moving from $246K to $282K. Total assets increased by 44.7% over the same period, from $2.2M to $3.1M. Total functional expenses rose by 181.6%, from $97K to $273K. In its most recent filing year (2023), Boquet Foundation Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282K | $273K | $3.1M | $1 | — | View 990 |
| 2022 | $366K | $213K | $3.1M | $1 | — | View 990 |
| 2021 | $880K | $187K | $3.0M | $1 | — | View 990 |
| 2020 | $218K | $208K | $2.3M | $1 | — | View 990 |
| 2019 | $358K | $214K | $2.3M | $1 | — | — |
| 2015 | $72K | $181K | $2.1M | $1 | — | View 990 |
| 2014 | $140K | $166K | $2.2M | $1 | — | View 990 |
| 2013 | $173K | $190K | $2.2M | $1 | — | View 990 |
| 2012 | $213K | $156K | $2.2M | $1 | — | View 990 |
| 2011 | $246K | $97K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282K, expenses of $273K, and assets of $3.1M (revenue -22.9% year-over-year).
- 2022: Revenue of $366K, expenses of $213K, and assets of $3.1M (revenue -58.4% year-over-year).
- 2021: Revenue of $880K, expenses of $187K, and assets of $3.0M (revenue +303.9% year-over-year).
- 2020: Revenue of $218K, expenses of $208K, and assets of $2.3M (revenue -39.2% year-over-year).
- 2019: Revenue of $358K, expenses of $214K, and assets of $2.3M (revenue +394.4% year-over-year).
- 2015: Revenue of $72K, expenses of $181K, and assets of $2.1M (revenue -48.1% year-over-year).
- 2014: Revenue of $140K, expenses of $166K, and assets of $2.2M (revenue -19.5% year-over-year).
- 2013: Revenue of $173K, expenses of $190K, and assets of $2.2M (revenue -18.8% year-over-year).
- 2012: Revenue of $213K, expenses of $156K, and assets of $2.2M (revenue -13.3% year-over-year).
- 2011: Revenue of $246K, expenses of $97K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boquet Foundation Inc:
Data Sources and Methodology
This transparency report for Boquet 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.