Bossov Ballet Theatre
Bossov Ballet Theatre reports $0 revenue and assets in its latest filing, indicating potential dormancy after years of declining financial activity.
EIN: 10505695 · Pittsfield, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $4K |
| Program Spending | 80% |
| Net Assets | $-297 |
| Transparency Score | 45/100 |
Is Bossov Ballet Theatre Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bossov Ballet Theatre directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bossov Ballet Theatre
Bossov Ballet Theatre (EIN: 10505695) is a nonprofit organization based in Pittsfield, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bossov Ballet Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bossov Ballet Theatre is a micro nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -67.5%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $4K |
| Surplus / Deficit | +$2K |
| Total Assets | $53K |
| Total Liabilities | $53K |
| Net Assets | $-297 |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 100.6% |
| Months of Reserves | 142.2 months |
Financial Health Grade: A
In 2014, Bossov Ballet Theatre reported a surplus of $2K with revenue exceeding expenses, holds 142.2 months of operating reserves (strong position), has a debt-to-asset ratio of 100.6% (high leverage).
Financial Trends
Over 4 years of filings (2011–2014), Bossov Ballet Theatre's revenue has declined at a compound annual growth rate (CAGR) of -67.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -93.8% | -96.0% | -3.8% |
| 2013 | -55.2% | -47.5% | -32.6% |
| 2012 | +24.6% | -4.8% | +19.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bossov Ballet Theatre with a Mission Score of 45 out of 100 (Fair). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Bossov Ballet Theatre allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.6%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are unpaid, which is a positive for donor perception regarding 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.
Red Flags
The following concerns were identified during AI analysis of Bossov Ballet Theatre's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
- Significant and consistent decline in revenue and assets over the reported periods.
- Liabilities exceeded assets in 2014 and 2013, indicating potential insolvency during those periods.
Strengths
The following positive indicators were identified for Bossov Ballet Theatre:
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for non-executive purposes.
- Historically, the organization had significant program activity, as evidenced by revenues over $100,000 in earlier years.
Frequently Asked Questions about Bossov Ballet Theatre
Is Bossov Ballet Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Bossov Ballet Theatre (EIN: 10505695) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Bossov Ballet Theatre spend its money?
Bossov Ballet Theatre directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bossov Ballet Theatre tax-deductible?
Bossov Ballet Theatre is registered as a tax-exempt nonprofit (EIN: 10505695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bossov Ballet Theatre's spending goes to programs?
Bossov Ballet Theatre directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bossov Ballet Theatre located?
Bossov Ballet Theatre is headquartered in Pittsfield, Maine and files with the IRS under EIN 10505695.
How many years of IRS 990 filings does Bossov Ballet Theatre have?
Bossov Ballet Theatre has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Bossov Ballet Theatre still operational given its latest financial filing of $0 revenue and assets?
The latest IRS 990 filing showing $0 in revenue and assets strongly suggests that Bossov Ballet Theatre may no longer be actively operating or has significantly scaled down its activities. Further investigation beyond the provided data would be needed to confirm its current operational status.
What caused the significant decline in revenue from $220,610 in 2012 to $0 in the latest period?
The provided data does not specify the reasons for the sharp decline in revenue. This could be due to a variety of factors such as loss of funding, reduced program offerings, or a decision to cease operations.
How did the organization manage to operate with 0% officer compensation?
Operating with 0% officer compensation typically means that the leadership is volunteer-based. This can be common in very small or nascent organizations, but it can also pose challenges for long-term sustainability and professional management.
Filing History
IRS 990 filing history for Bossov Ballet Theatre showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Bossov Ballet Theatre's revenue has declined by 96.6%, moving from $177K to $6K. Total assets decreased by 22.8% over the same period, from $68K to $53K. Total functional expenses fell by 98%, from $222K to $4K. In its most recent filing year (2014), Bossov Ballet Theatre reported a surplus of $2K, with revenue exceeding expenses. The organization holds $53K in liabilities against $53K in assets (debt-to-asset ratio: 100.6%), resulting in net assets of $-297.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $6K | $4K | $53K | $53K | — | View 990 |
| 2013 | $99K | $111K | $55K | $57K | — | View 990 |
| 2012 | $221K | $212K | $81K | $71K | — | View 990 |
| 2011 | $177K | $222K | $68K | $192K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $6K, expenses of $4K, and assets of $53K (revenue -93.8% year-over-year).
- 2013: Revenue of $99K, expenses of $111K, and assets of $55K (revenue -55.2% year-over-year).
- 2012: Revenue of $221K, expenses of $212K, and assets of $81K (revenue +24.6% year-over-year).
- 2011: Revenue of $177K, expenses of $222K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bossov Ballet Theatre:
Data Sources and Methodology
This transparency report for Bossov Ballet Theatre 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.