Boroughs Fam Foundation
Boroughs Fam Foundation shows highly variable revenue but consistent zero officer compensation and low liabilities.
EIN: 137542229 · Westport, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $307K |
| Program Spending | 90% |
| Net Assets | $502K |
| Transparency Score | 85/100 |
Is Boroughs Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boroughs Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boroughs Fam Foundation
Boroughs Fam Foundation (EIN: 137542229) is a nonprofit organization based in Westport, CT, classified under NTEE code T22. The organization reported total revenue of $216K and total assets of $372K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boroughs Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boroughs Fam Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 42.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $386K |
| Total Expenses | $307K |
| Surplus / Deficit | +$78K |
| Total Assets | $502K |
| Total Liabilities | $1 |
| Net Assets | $502K |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, Boroughs Fam Foundation reported a surplus of $78K with revenue exceeding expenses, holds 19.6 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), Boroughs Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 42.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4923.8% | +2422.8% | +18.5% |
| 2022 | -97.5% | -97.0% | -0.5% |
| 2021 | +2940.5% | +54.7% | -18.6% |
| 2020 | -98.8% | -3.9% | -32.3% |
| 2019 | +9462.0% | — | +263.9% |
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 Boroughs Fam 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, Boroughs Fam 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not paid, which is highly favorable for donor confidence and efficient use of funds.
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 Boroughs Fam Foundation's IRS 990 filings:
- Highly inconsistent annual revenue, making long-term financial planning and program stability potentially challenging.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Boroughs Fam Foundation:
- Consistent 0% officer compensation, indicating highly efficient use of funds for overhead.
- Consistently low to zero liabilities, demonstrating strong financial management and minimal debt.
- Healthy asset base, reaching $501,857 in 2023, providing financial stability.
- Regular IRS 990 filings, indicating good transparency practices.
Frequently Asked Questions about Boroughs Fam Foundation
Is Boroughs Fam Foundation a legitimate charity?
Boroughs Fam Foundation (EIN: 137542229) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $216K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Boroughs Fam Foundation spend its money?
Boroughs Fam Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Boroughs Fam Foundation tax-deductible?
Boroughs Fam Foundation is registered as a tax-exempt nonprofit (EIN: 137542229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Boroughs Fam Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Boroughs Fam 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 Boroughs Fam Foundation located?
Boroughs Fam Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 137542229. It is classified under NTEE code T22.
How many years of IRS 990 filings does Boroughs Fam Foundation have?
Boroughs Fam 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 $216K in total revenue.
What are the primary programs or activities funded by the Boroughs Fam Foundation?
The provided data does not specify the nature of the programs or activities. Further investigation into their Form 990s would be needed to understand their programmatic focus.
How does the foundation manage its significant revenue fluctuations?
The foundation appears to manage fluctuations by maintaining a strong asset base, which reached $501,857 in 2023, and keeping liabilities consistently low, often at $1 or $0, providing financial stability despite varying income.
Is the Boroughs Fam Foundation a good charity?
Based on the available data, the foundation demonstrates strong financial health with low liabilities and zero officer compensation, suggesting efficient use of funds. However, without detailed program spending information, a complete assessment of its charitable impact is limited.
Filing History
IRS 990 filing history for Boroughs Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Boroughs Fam Foundation's revenue has grown by 7066.9%, moving from $5K to $386K. Total assets increased by 121.4% over the same period, from $227K to $502K. Total functional expenses rose by 1095.2%, from $26K to $307K. In its most recent filing year (2023), Boroughs Fam Foundation reported a surplus of $78K, with revenue exceeding expenses. The organization holds $1 in liabilities against $502K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $502K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $386K | $307K | $502K | $1 | — | — |
| 2022 | $8K | $12K | $423K | $1 | — | View 990 |
| 2021 | $305K | $402K | $426K | $1 | — | — |
| 2020 | $10K | $260K | $523K | $1 | — | — |
| 2019 | $842K | $270K | $773K | $0 | — | View 990 |
| 2015 | $9K | $0 | $212K | $0 | — | View 990 |
| 2014 | $9K | $0 | $204K | $0 | — | View 990 |
| 2013 | $8K | $15K | $195K | $0 | — | View 990 |
| 2012 | $9K | $40K | $202K | $0 | — | View 990 |
| 2011 | $5K | $26K | $227K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $386K, expenses of $307K, and assets of $502K (revenue +4923.8% year-over-year).
- 2022: Revenue of $8K, expenses of $12K, and assets of $423K (revenue -97.5% year-over-year).
- 2021: Revenue of $305K, expenses of $402K, and assets of $426K (revenue +2940.5% year-over-year).
- 2020: Revenue of $10K, expenses of $260K, and assets of $523K (revenue -98.8% year-over-year).
- 2019: Revenue of $842K, expenses of $270K, and assets of $773K (revenue +9462.0% year-over-year).
- 2015: Revenue of $9K, expenses of $0, and assets of $212K (revenue +3.1% year-over-year).
- 2014: Revenue of $9K, expenses of $0, and assets of $204K (revenue +1.1% year-over-year).
- 2013: Revenue of $8K, expenses of $15K, and assets of $195K (revenue -3.8% year-over-year).
- 2012: Revenue of $9K, expenses of $40K, and assets of $202K (revenue +63.0% year-over-year).
- 2011: Revenue of $5K, expenses of $26K, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boroughs Fam Foundation:
Data Sources and Methodology
This transparency report for Boroughs Fam 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.