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

$710KRevenue

$217KAssets

75/100Mission Score (Good)

T22

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.

AI Transparency Report

The Boyd Family Foundation appears to be a small private foundation, as indicated by its NTEE code T22 (Private Grantmaking Foundations) and consistent low revenue and expenses over the past decade. The organization's financial health shows a pattern of expenses often exceeding revenue, leading to a gradual decline in assets from $448,781 in 2011 to $231,358 in 2023. For instance, in 2023, revenue was $12,287 while expenses were $26,647, resulting in a net loss. This trend suggests the foundation is primarily drawing down its endowment to fund its activities rather than growing through new contributions.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary 'program' is grantmaking. The consistent 'Officer Comp=0%' across all filings indicates that no compensation is paid to officers, which is a positive sign for efficiency in that regard. The foundation's transparency is generally good, given its consistent IRS 990 filings over the past decade, which are publicly accessible documents.

Overall, the Boyd Family Foundation operates as a lean grantmaking entity, utilizing its existing assets to fulfill its mission. While its asset base has decreased, its consistent filing and lack of officer compensation suggest a commitment to its purpose. The negative revenue figures in some years (e.g., -$23,879 in 2020 and -$26,131 in 2015) likely represent investment losses or adjustments rather than actual negative income from contributions.

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.

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 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.	PDF
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.

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.