Boyd Family Foundation
Boyd Family Foundation consistently spends more than it earns, drawing down assets over the last decade.
EIN: 203480314 · Cos Cob, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $710K |
| Total Expenses | $27K |
| Program Spending | 90% |
| Net Assets | $231K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Boyd Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Boyd Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Boyd Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $12K and expenses of $27K.
Revenue and Expenses
Boyd Family Foundation reported $12K in revenue and $27K in expenses, a deficit of $14K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Boyd Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $24K (90%) |
Across stored filings, Boyd Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Cos Cob, CT nonprofitsPhilanthropy in Connecticut
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Boyd Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boyd Family Foundation
Boyd Family Foundation (EIN: 203480314) is a nonprofit organization based in Cos Cob, CT, classified under NTEE code T22. The organization reported total revenue of $710K and total assets of $217K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boyd Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boyd 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 -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $27K |
| Surplus / Deficit | $-14,360 |
| Total Assets | $231K |
| Total Liabilities | $1 |
| Net Assets | $231K |
| Operating Margin | -116.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 104.2 months |
Financial Health Grade: B
In 2023, Boyd Family Foundation reported a deficit of $14K with expenses exceeding revenue, holds 104.2 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), Boyd Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.6% | -19.0% | -5.8% |
| 2022 | +9.8% | +70.8% | -4.0% |
| 2020 | -274.7% | +1.6% | -16.1% |
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 Boyd Family Foundation 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, Boyd 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers receive no salary from the foundation, which is highly efficient for an organization of its 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 Boyd Family Foundation's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) in most years, leading to asset depletion.
- Significant decline in assets over the past decade, from $448,781 in 2011 to $231,358 in 2023.
Strengths
The following positive indicators were identified for Boyd Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent IRS 990 filing history demonstrates good transparency.
- Low liabilities (consistently $0 or $1) suggest sound financial management regarding debt.
Frequently Asked Questions about Boyd Family Foundation
Is Boyd Family Foundation a legitimate charity?
Boyd Family Foundation (EIN: 203480314) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $710K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Boyd Family Foundation spend its money?
Boyd Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Boyd Family Foundation tax-deductible?
Boyd Family Foundation is registered as a tax-exempt nonprofit (EIN: 203480314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Boyd Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Boyd Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boyd Family Foundation located?
Boyd Family Foundation is headquartered in Cos Cob, Connecticut and files with the IRS under EIN 203480314. It is classified under NTEE code T22.
How many years of IRS 990 filings does Boyd Family Foundation have?
Boyd 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 $710K in total revenue.
Is the Boyd Family Foundation actively fundraising?
Based on the consistent low revenue figures and the nature of a private grantmaking foundation (NTEE T22), it is unlikely the foundation is actively engaged in public fundraising. Its revenue primarily consists of investment income or returns on its endowment, rather than public contributions.
Why has the foundation's asset base decreased significantly over time?
The foundation's assets have decreased from $448,781 in 2011 to $231,358 in 2023. This decline is primarily due to expenses consistently exceeding revenue in most years (e.g., $12,287 revenue vs. $26,647 expenses in 2023), indicating the foundation is spending down its endowment to fund its grantmaking activities.
What do the negative revenue figures in some years signify?
Negative revenue figures, such as -$23,879 in 2020 and -$26,131 in 2015, typically represent investment losses or other non-contribution income adjustments rather than actual negative income from charitable donations. This is common for foundations that rely on investment returns.
Filing History
IRS 990 filing history for Boyd Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Boyd Family Foundation's revenue has declined by 53.6%, moving from $26K to $12K. Total assets decreased by 48.4% over the same period, from $449K to $231K. Total functional expenses fell by 53.9%, from $58K to $27K. In its most recent filing year (2023), Boyd Family Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $231K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $231K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $27K | $231K | $1 | — | — |
| 2022 | $23K | $33K | $246K | $1 | — | View 990 |
| 2021 | $21K | $19K | $256K | $1 | — | — |
| 2020 | $-23,879 | $31K | $255K | $1 | — | — |
| 2019 | $14K | $30K | $303K | $1 | — | — |
| 2015 | $-26,131 | $51K | $335K | $0 | — | View 990 |
| 2014 | $24K | $49K | $412K | $0 | — | View 990 |
| 2013 | $44K | $63K | $436K | $0 | — | View 990 |
| 2012 | $33K | $26K | $131K | $0 | — | View 990 |
| 2011 | $26K | $58K | $449K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $27K, and assets of $231K (revenue -45.6% year-over-year).
- 2022: Revenue of $23K, expenses of $33K, and assets of $246K (revenue +9.8% year-over-year).
- 2021: Revenue of $21K, expenses of $19K, and assets of $256K.
- 2020: Revenue of $-23,879, expenses of $31K, and assets of $255K (revenue -274.7% year-over-year).
- 2019: Revenue of $14K, expenses of $30K, and assets of $303K.
- 2015: Revenue of $-26,131, expenses of $51K, and assets of $335K (revenue -207.8% year-over-year).
- 2014: Revenue of $24K, expenses of $49K, and assets of $412K (revenue -44.5% year-over-year).
- 2013: Revenue of $44K, expenses of $63K, and assets of $436K (revenue +33.9% year-over-year).
- 2012: Revenue of $33K, expenses of $26K, and assets of $131K (revenue +23.1% year-over-year).
- 2011: Revenue of $26K, expenses of $58K, and assets of $449K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boyd Family Foundation:
Data Sources and Methodology
This transparency report for Boyd 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.