Bowman Family Foundation
Bowman Family Foundation maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 133801244 · Hockessin, DE · NTEE: T22J · Updated: 2026-03-28
Is Bowman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bowman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bowman Family Foundation
Bowman Family Foundation (EIN: 133801244) is a nonprofit organization based in Hockessin, DE, classified under NTEE code T22J. The organization reported total revenue of $684K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bowman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bowman Family Foundation is a small nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $892K |
| Total Expenses | $897K |
| Surplus / Deficit | $-4,326 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 59.4 months |
Financial Health Grade: B
In 2023, Bowman Family Foundation reported a deficit of $4K with expenses exceeding revenue, holds 59.4 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), Bowman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.1% | +56.9% | -0.1% |
| 2022 | -19.2% | +21.3% | -2.5% |
| 2021 | +143.9% | +2.3% | +2.1% |
| 2020 | -27.3% | +28.4% | -4.9% |
| 2019 | -74.1% | -2.0% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Bowman Family Foundation with a Mission Score of 92 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, Bowman Family 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Bowman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a foundation of its size with assets around $4 million.
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 Bowman Family Foundation's IRS 990 filings:
- Fluctuating annual revenues could impact consistent grantmaking levels if not offset by asset growth or investment returns.
Strengths
The following positive indicators were identified for Bowman Family Foundation:
- Consistent zero officer compensation, maximizing funds for mission-related activities.
- Stable asset base (around $4-5 million) provides long-term financial security.
- Consistent IRS 990 filings demonstrate transparency and accountability.
- Minimal liabilities reported across all filings, indicating sound financial management.
Frequently Asked Questions about Bowman Family Foundation
Is Bowman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bowman Family Foundation (EIN: 133801244) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Bowman Family Foundation spend its money?
Bowman Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bowman Family Foundation tax-deductible?
Bowman Family Foundation is registered as a tax-exempt nonprofit (EIN: 133801244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Bowman Family Foundation financially stable?
Yes, despite fluctuating annual revenues (e.g., $892,444 in 2023 vs. $232,071 in 2020), the foundation maintains a stable asset base, consistently around $4-5 million (e.g., $4,442,412 in 2023), indicating long-term financial stability.
How efficient is the Bowman Family Foundation with its spending?
The foundation demonstrates high spending efficiency by consistently reporting 0% officer compensation, meaning all executive-level resources are voluntary or covered by other means, allowing more funds to be directed towards its mission.
What is the primary financial activity of this organization?
As a private grantmaking foundation (NTEE T22J), its primary financial activity is making grants, supported by its stable asset base and revenue generation, as evidenced by its consistent operations over more than a decade.
Filing History
IRS 990 filing history for Bowman Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bowman Family Foundation's revenue has grown by 947.5%, moving from $85K to $892K. Total assets increased by 2.3% over the same period, from $4.3M to $4.4M. Total functional expenses rose by 194.9%, from $304K to $897K. In its most recent filing year (2023), Bowman Family Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $892K | $897K | $4.4M | $1 | — | View 990 |
| 2022 | $457K | $572K | $4.4M | $1 | — | View 990 |
| 2021 | $566K | $471K | $4.6M | $1 | — | View 990 |
| 2020 | $232K | $460K | $4.5M | $1 | — | View 990 |
| 2019 | $319K | $359K | $4.7M | $0 | — | View 990 |
| 2015 | $1.2M | $366K | $5.3M | $0 | — | View 990 |
| 2014 | $425K | $309K | $4.5M | $0 | — | View 990 |
| 2013 | $354K | $266K | $4.4M | $0 | — | View 990 |
| 2012 | $193K | $270K | $4.3M | $1 | — | View 990 |
| 2011 | $85K | $304K | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $892K, expenses of $897K, and assets of $4.4M (revenue +95.1% year-over-year).
- 2022: Revenue of $457K, expenses of $572K, and assets of $4.4M (revenue -19.2% year-over-year).
- 2021: Revenue of $566K, expenses of $471K, and assets of $4.6M (revenue +143.9% year-over-year).
- 2020: Revenue of $232K, expenses of $460K, and assets of $4.5M (revenue -27.3% year-over-year).
- 2019: Revenue of $319K, expenses of $359K, and assets of $4.7M (revenue -74.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $366K, and assets of $5.3M (revenue +190.2% year-over-year).
- 2014: Revenue of $425K, expenses of $309K, and assets of $4.5M (revenue +20.0% year-over-year).
- 2013: Revenue of $354K, expenses of $266K, and assets of $4.4M (revenue +84.1% year-over-year).
- 2012: Revenue of $193K, expenses of $270K, and assets of $4.3M (revenue +126.0% year-over-year).
- 2011: Revenue of $85K, expenses of $304K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bowman Family Foundation:
Data Sources and Methodology
This transparency report for Bowman 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.