Bossak Heilbron Charitable Foundation Inc
Bossak Heilbron Charitable Foundation consistently spends more than it earns, drawing down assets over time.
EIN: 133862827 · Potomac, MD · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $534K |
| Total Expenses | $86K |
| Program Spending | 90% |
| Net Assets | $692K |
| Transparency Score | 75/100 |
Is Bossak Heilbron Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bossak Heilbron Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bossak Heilbron Charitable Foundation Inc
Bossak Heilbron Charitable Foundation Inc (EIN: 133862827) is a nonprofit organization based in Potomac, MD, classified under NTEE code T20Z. The organization reported total revenue of $534K and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bossak Heilbron Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bossak Heilbron Charitable Foundation Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $86K |
| Surplus / Deficit | +$39K |
| Total Assets | $696K |
| Total Liabilities | $5K |
| Net Assets | $692K |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 96.9 months |
Financial Health Grade: A
In 2023, Bossak Heilbron Charitable Foundation Inc reported a surplus of $39K with revenue exceeding expenses, holds 96.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bossak Heilbron Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.4% | +4.1% | +5.3% |
| 2022 | +42.4% | +8.0% | +3.6% |
| 2020 | -116.4% | -9.5% | -11.4% |
| 2019 | +38.9% | -12.3% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Bossak Heilbron Charitable Foundation Inc with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bossak Heilbron Charitable Foundation Inc 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 $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly efficient and suggests that all operational expenses are directed towards administrative functions or program activities, which is commendable for an organization of this size.
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 Bossak Heilbron Charitable Foundation Inc's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) in most recent years, leading to asset depletion.
- Revenue volatility, including a negative revenue year in 2020 (-$11,085).
Strengths
The following positive indicators were identified for Bossak Heilbron Charitable Foundation Inc:
- Zero officer compensation, indicating high efficiency in executive costs.
- Very low liabilities across all reported periods ($0 or $1), suggesting strong financial control.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Strong program focus, typical of a private grantmaking foundation with minimal overhead.
Frequently Asked Questions about Bossak Heilbron Charitable Foundation Inc
Is Bossak Heilbron Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bossak Heilbron Charitable Foundation Inc (EIN: 133862827) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Bossak Heilbron Charitable Foundation Inc spend its money?
Bossak Heilbron Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bossak Heilbron Charitable Foundation Inc tax-deductible?
Bossak Heilbron Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133862827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bossak Heilbron Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bossak Heilbron Charitable Foundation Inc is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bossak Heilbron Charitable Foundation Inc located?
Bossak Heilbron Charitable Foundation Inc is headquartered in Potomac, Maryland and files with the IRS under EIN 133862827. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Bossak Heilbron Charitable Foundation Inc have?
Bossak Heilbron Charitable 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 $534K in total revenue.
Is Bossak Heilbron Charitable Foundation Inc a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking impact. Financially, it appears well-managed with no executive compensation and low liabilities, but it has been spending down its assets over the past decade, which is a common strategy for some foundations.
Why are the assets declining?
The foundation's assets have declined from over $1 million in 2011 to $696,442 in 2023 because its expenses have frequently exceeded its revenue. For example, in 2022, expenses were $82,847 while revenue was $77,354, leading to a net loss that draws from assets.
What is the organization's primary activity?
Based on its NTEE code T20Z, the Bossak Heilbron Charitable Foundation Inc is a private grantmaking foundation, meaning its primary activity is to provide grants to other charitable organizations or individuals.
Filing History
IRS 990 filing history for Bossak Heilbron Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bossak Heilbron Charitable Foundation Inc's revenue has grown by 245.6%, moving from $36K to $126K. Total assets decreased by 31% over the same period, from $1.0M to $696K. Total functional expenses rose by 37.3%, from $63K to $86K. In its most recent filing year (2023), Bossak Heilbron Charitable Foundation Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $5K in liabilities against $696K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $692K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $86K | $696K | $5K | — | View 990 |
| 2022 | $77K | $83K | $662K | $1 | — | View 990 |
| 2021 | $54K | $77K | $638K | $1 | — | View 990 |
| 2020 | $-11,085 | $71K | $658K | $1 | — | — |
| 2019 | $68K | $78K | $743K | $1 | — | View 990 |
| 2015 | $49K | $89K | $932K | $0 | — | View 990 |
| 2014 | $63K | $62K | $972K | $0 | — | View 990 |
| 2013 | $49K | $62K | $972K | $0 | — | View 990 |
| 2012 | $46K | $70K | $985K | $0 | — | View 990 |
| 2011 | $36K | $63K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $86K, and assets of $696K (revenue +62.4% year-over-year).
- 2022: Revenue of $77K, expenses of $83K, and assets of $662K (revenue +42.4% year-over-year).
- 2021: Revenue of $54K, expenses of $77K, and assets of $638K.
- 2020: Revenue of $-11,085, expenses of $71K, and assets of $658K (revenue -116.4% year-over-year).
- 2019: Revenue of $68K, expenses of $78K, and assets of $743K (revenue +38.9% year-over-year).
- 2015: Revenue of $49K, expenses of $89K, and assets of $932K (revenue -22.0% year-over-year).
- 2014: Revenue of $63K, expenses of $62K, and assets of $972K (revenue +27.0% year-over-year).
- 2013: Revenue of $49K, expenses of $62K, and assets of $972K (revenue +6.8% year-over-year).
- 2012: Revenue of $46K, expenses of $70K, and assets of $985K (revenue +26.8% year-over-year).
- 2011: Revenue of $36K, expenses of $63K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bossak Heilbron Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Bossak Heilbron Charitable 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.