Bostonian Foundation Inc
Bostonian Foundation Inc. consistently operates at a deficit, with declining assets and high liabilities.
EIN: 201897201 · Braintree, MA · NTEE: E119 · Updated: 2026-03-28
Is Bostonian Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bostonian Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bostonian Foundation Inc
Bostonian Foundation Inc (EIN: 201897201) is a nonprofit organization based in Braintree, MA, classified under NTEE code E119. The organization reported total revenue of $764K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bostonian Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bostonian Foundation Inc with a Mission Score of 35 out of 100 (Poor). 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, Bostonian Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive team or that executive compensation is not reported in this specific category, which warrants further investigation for complete transparency.
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 Bostonian Foundation Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $224,094 in 2023, $481,300 in 2022).
- High and increasing liabilities significantly exceeding assets (e.g., $10,969,995 liabilities vs. $4,942,907 assets in 2023).
- Significant decline in assets over the past decade (from $7.7M in 2014 to $4.9M in 2023).
- Lack of detailed expense breakdown to assess program efficiency.
- Long-term financial unsustainability indicated by persistent deficits and debt.
Strengths
The following positive indicators were identified for Bostonian Foundation Inc:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- No reported officer compensation, which could indicate a volunteer-led executive team (though further clarity is needed).
Frequently Asked Questions about Bostonian Foundation Inc
Is Bostonian Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bostonian Foundation Inc (EIN: 201897201) significant concerns. Mission Score: 35/100. 5 red flags identified, 2 strengths noted.
How does Bostonian Foundation Inc spend its money?
Bostonian Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bostonian Foundation Inc tax-deductible?
Bostonian Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201897201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bostonian Foundation Inc. plan to address its consistent operating deficits?
The organization has consistently spent more than its revenue for over a decade, with a deficit of $224,094 in 2023 and $481,300 in 2022. A clear strategy for achieving financial sustainability is crucial.
What is the nature of the organization's high and increasing liabilities?
Liabilities have consistently been over $9 million, reaching $10,969,995 in 2023, significantly exceeding assets. Understanding the composition and repayment plan for these liabilities is critical.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown, it's challenging to assess spending efficiency and ensure funds are primarily directed towards programmatic activities, especially given the overall financial strain.
How does the organization plan to reverse the trend of declining assets?
Assets have decreased from $7,720,038 in 2014 to $4,942,907 in 2023. A strategy for asset growth or preservation is necessary for long-term stability.
Is the executive leadership truly unpaid, or is compensation structured differently?
The consistent reporting of 0% officer compensation across all filings raises questions about how executive leadership is compensated, if at all, and whether this is fully transparent.
Filing History
IRS 990 filing history for Bostonian Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bostonian Foundation Inc's revenue has declined by 21.8%, moving from $960K to $750K. Total assets decreased by 37.4% over the same period, from $7.9M to $4.9M. Total functional expenses fell by 2.2%, from $996K to $974K. In its most recent filing year (2023), Bostonian Foundation Inc reported a deficit of $224K, with expenses exceeding revenue. The organization holds $11.0M in liabilities against $4.9M in assets (debt-to-asset ratio: 221.9%), resulting in net assets of $-6,027,088.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $750K | $974K | $4.9M | $11.0M | — | — |
| 2022 | $499K | $980K | $5.2M | $11.0M | — | View 990 |
| 2021 | $836K | $1.7M | $5.5M | $10.8M | — | View 990 |
| 2020 | $810K | $853K | $7.2M | $10.2M | — | View 990 |
| 2019 | $800K | $878K | $6.7M | $9.7M | — | View 990 |
| 2018 | $802K | $887K | $6.6M | $9.5M | — | View 990 |
| 2017 | $802K | $886K | $6.9M | $9.7M | — | View 990 |
| 2016 | $802K | $861K | $7.3M | $10.1M | — | View 990 |
| 2015 | $820K | $838K | $7.7M | $10.6M | — | View 990 |
| 2014 | $836K | $854K | $7.7M | $10.6M | — | View 990 |
| 2013 | $792K | $1.3M | $7.9M | $10.9M | — | View 990 |
| 2012 | $867K | $990K | $7.6M | $10.1M | — | View 990 |
| 2011 | $960K | $996K | $7.9M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $750K, expenses of $974K, and assets of $4.9M (revenue +50.3% year-over-year).
- 2022: Revenue of $499K, expenses of $980K, and assets of $5.2M (revenue -40.3% year-over-year).
- 2021: Revenue of $836K, expenses of $1.7M, and assets of $5.5M (revenue +3.1% year-over-year).
- 2020: Revenue of $810K, expenses of $853K, and assets of $7.2M (revenue +1.2% year-over-year).
- 2019: Revenue of $800K, expenses of $878K, and assets of $6.7M (revenue -0.2% year-over-year).
- 2018: Revenue of $802K, expenses of $887K, and assets of $6.6M (revenue +0.0% year-over-year).
- 2017: Revenue of $802K, expenses of $886K, and assets of $6.9M (revenue -0.1% year-over-year).
- 2016: Revenue of $802K, expenses of $861K, and assets of $7.3M (revenue -2.1% year-over-year).
- 2015: Revenue of $820K, expenses of $838K, and assets of $7.7M (revenue -1.9% year-over-year).
- 2014: Revenue of $836K, expenses of $854K, and assets of $7.7M (revenue +5.5% year-over-year).
- 2013: Revenue of $792K, expenses of $1.3M, and assets of $7.9M (revenue -8.6% year-over-year).
- 2012: Revenue of $867K, expenses of $990K, and assets of $7.6M (revenue -9.7% year-over-year).
- 2011: Revenue of $960K, expenses of $996K, and assets of $7.9M.
Data Sources and Methodology
This transparency report for Bostonian 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.