Boscia Family Foundation
Boscia Family Foundation maintains strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 200614587 · Sarasota, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $673K |
| Total Expenses | $697K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.7M |
| Transparency Score | 90/100 |
Is Boscia Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boscia Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boscia Family Foundation
Boscia Family Foundation (EIN: 200614587) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T20. The organization reported total revenue of $673K and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boscia Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boscia Family Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $748K |
| Total Expenses | $697K |
| Surplus / Deficit | +$51K |
| Total Assets | $10.7M |
| Total Liabilities | $1 |
| Net Assets | $10.7M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.6 months |
Financial Health Grade: A
In 2023, Boscia Family Foundation reported a surplus of $51K with revenue exceeding expenses, holds 184.6 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), Boscia Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +25.2% | +0.5% |
| 2022 | -54.3% | +4.2% | +2.6% |
| 2021 | +151.9% | +7.4% | +13.9% |
| 2020 | +18.9% | +4.1% | +2.4% |
| 2019 | +31.2% | +154.3% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Boscia Family Foundation with a Mission Score of 90 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, Boscia Family 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 $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly favorable for a foundation of its size with over $10 million in assets.
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 Boscia Family Foundation:
- Consistent asset growth, from $6.1M in 2011 to $10.7M in 2023, indicating strong financial management.
- Minimal liabilities ($1 reported across all filings), demonstrating excellent financial stability.
- 0% reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Healthy operating margins, with revenues consistently exceeding expenses (e.g., $748,014 revenue vs. $696,820 expenses in 2023).
- Regular and consistent IRS 990 filing history over a decade, indicating good transparency practices.
Frequently Asked Questions about Boscia Family Foundation
Is Boscia Family Foundation a legitimate charity?
Boscia Family Foundation (EIN: 200614587) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $673K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Boscia Family Foundation spend its money?
Boscia Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Boscia Family Foundation tax-deductible?
Boscia Family Foundation is registered as a tax-exempt nonprofit (EIN: 200614587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boscia Family Foundation CEO make?
Boscia Family Foundation's highest-compensated officer earns $10 annually. The organization reported $673K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Boscia Family Foundation's spending goes to programs?
Boscia Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Boscia Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Boscia Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boscia Family Foundation located?
Boscia Family Foundation is headquartered in Sarasota, Florida and files with the IRS under EIN 200614587. It is classified under NTEE code T20.
How many years of IRS 990 filings does Boscia Family Foundation have?
Boscia 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 $673K in total revenue.
What are the specific program areas and beneficiaries of the Boscia Family Foundation's grants?
The provided data does not detail the specific program areas or beneficiaries. Further investigation into the full IRS 990 filings would be required to understand the foundation's grant-making activities.
How does the foundation manage its investment portfolio to achieve consistent asset growth?
The data shows consistent asset growth from $6,122,775 in 2011 to $10,716,976 in 2023. The specific investment strategies are not detailed in the summary, but this growth suggests effective asset management.
What are the administrative and fundraising costs as a percentage of total expenses?
The summary data does not provide a detailed breakdown of administrative and fundraising costs. A full review of the IRS 990, Part IX, Statement of Functional Expenses, would be necessary for this analysis.
Filing History
IRS 990 filing history for Boscia Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Boscia Family Foundation's revenue has grown by 47.1%, moving from $508K to $748K. Total assets increased by 75% over the same period, from $6.1M to $10.7M. Total functional expenses rose by 277.9%, from $184K to $697K. In its most recent filing year (2023), Boscia Family Foundation reported a surplus of $51K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $748K | $697K | $10.7M | $1 | — | View 990 |
| 2022 | $823K | $557K | $10.7M | $1 | — | View 990 |
| 2021 | $1.8M | $534K | $10.4M | $1 | — | — |
| 2020 | $714K | $497K | $9.1M | $1 | — | View 990 |
| 2019 | $601K | $477K | $8.9M | $1 | — | View 990 |
| 2015 | $458K | $188K | $6.9M | $1 | — | View 990 |
| 2014 | $332K | $174K | $6.6M | $1 | — | View 990 |
| 2013 | $345K | $188K | $6.5M | $1 | — | View 990 |
| 2012 | $368K | $207K | $6.3M | $1 | — | View 990 |
| 2011 | $508K | $184K | $6.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $748K, expenses of $697K, and assets of $10.7M (revenue -9.1% year-over-year).
- 2022: Revenue of $823K, expenses of $557K, and assets of $10.7M (revenue -54.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $534K, and assets of $10.4M (revenue +151.9% year-over-year).
- 2020: Revenue of $714K, expenses of $497K, and assets of $9.1M (revenue +18.9% year-over-year).
- 2019: Revenue of $601K, expenses of $477K, and assets of $8.9M (revenue +31.2% year-over-year).
- 2015: Revenue of $458K, expenses of $188K, and assets of $6.9M (revenue +37.8% year-over-year).
- 2014: Revenue of $332K, expenses of $174K, and assets of $6.6M (revenue -3.7% year-over-year).
- 2013: Revenue of $345K, expenses of $188K, and assets of $6.5M (revenue -6.3% year-over-year).
- 2012: Revenue of $368K, expenses of $207K, and assets of $6.3M (revenue -27.5% year-over-year).
- 2011: Revenue of $508K, expenses of $184K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boscia Family Foundation:
Data Sources and Methodology
This transparency report for Boscia 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.