Boyle County Education Foundation Inc
Boyle County Education Foundation faces inconsistent revenue and recurring deficits despite zero executive compensation.
EIN: 208375080 · Danville, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $11K |
| Program Spending | 85% |
| Net Assets | $42K |
| Transparency Score | 60/100 |
Is Boyle County Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boyle County Education Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boyle County Education Foundation Inc
Boyle County Education Foundation Inc (EIN: 208375080) is a nonprofit organization based in Danville, KY, classified under NTEE code T20. The organization reported total revenue of $2K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boyle County Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boyle County Education Foundation Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $11K |
| Surplus / Deficit | $-3,743 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -52.2% |
| Months of Reserves | 45.8 months |
Financial Health Grade: B
In 2023, Boyle County Education Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 45.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Boyle County Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -110.4% | -91.4% | -18.2% |
| 2021 | -35.2% | +78457.6% | -59.7% |
| 2020 | -42.7% | -85.7% | +22.0% |
| 2019 | -4.4% | -95.6% | +60.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Boyle County Education Foundation Inc with a Mission Score of 60 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Boyle County Education Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is likely run by volunteers or that compensation is below reporting thresholds, which is positive for donor trust and minimizes administrative overhead.
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 Boyle County Education Foundation Inc's IRS 990 filings:
- Recurring operating deficits in recent years (e.g., 2021, 2022, 2023)
- Significant decline in assets from $137,534 in 2020 to $41,671 in 2023
- Inconsistent revenue generation, including negative revenue reported in 2022 ($-1,673)
- Large expense spikes without corresponding revenue increases (e.g., $98,197 expenses in 2021 vs. $16,155 revenue)
Strengths
The following positive indicators were identified for Boyle County Education Foundation Inc:
- Zero officer compensation reported, indicating a volunteer-driven model and low administrative overhead
- Consistently reports zero liabilities, suggesting good financial management regarding debt
- Long filing history (13 filings) demonstrates commitment to transparency
Frequently Asked Questions about Boyle County Education Foundation Inc
Is Boyle County Education Foundation Inc a legitimate charity?
Boyle County Education Foundation Inc (EIN: 208375080) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $2K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Boyle County Education Foundation Inc spend its money?
Boyle County Education Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Boyle County Education Foundation Inc tax-deductible?
Boyle County Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208375080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Boyle County Education Foundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Boyle County Education Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boyle County Education Foundation Inc located?
Boyle County Education Foundation Inc is headquartered in Danville, Kentucky and files with the IRS under EIN 208375080. It is classified under NTEE code T20.
How many years of IRS 990 filings does Boyle County Education Foundation Inc have?
Boyle County Education Foundation Inc has 13 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 $2K in total revenue.
Is Boyle County Education Foundation Inc. financially stable?
The organization's financial stability is questionable given the recurring deficits in recent years (e.g., $10,920 expenses vs. $7,177 revenue in 2023; $8,405 expenses vs. $-1,673 revenue in 2022; $98,197 expenses vs. $16,155 revenue in 2021) and a declining asset base from a peak of $137,534 in 2020 to $41,671 in 2023.
How does the organization manage its administrative costs?
The organization appears to manage administrative costs very effectively, as evidenced by 0% officer compensation reported in all available filings, suggesting a volunteer-driven model or very low overhead.
What caused the significant expense increase in 2021?
In 2021, the organization reported $98,197 in expenses, a substantial increase from previous years (e.g., $125 in 2020). Without further detail on the expense breakdown, it's unclear if this was a one-time program expenditure or an anomaly.
Why did assets decrease significantly after 2020?
Assets peaked at $137,534 in 2020 but have since declined to $41,671 in 2023. This decrease is likely due to the organization operating at a deficit in subsequent years, drawing down its reserves to cover expenses that exceeded revenue.
Filing History
IRS 990 filing history for Boyle County Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boyle County Education Foundation Inc's revenue has declined by 93.5%, moving from $111K to $7K. Total assets decreased by 67.2% over the same period, from $127K to $42K. Total functional expenses fell by 77.9%, from $49K to $11K. In its most recent filing year (2023), Boyle County Education Foundation Inc reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $11K | $42K | $0 | — | — |
| 2022 | $-1,673 | $8K | $45K | $0 | — | — |
| 2021 | $16K | $98K | $55K | $0 | — | — |
| 2020 | $25K | $125 | $138K | $0 | — | — |
| 2019 | $44K | $875 | $113K | $0 | — | View 990 |
| 2018 | $46K | $20K | $70K | $0 | — | View 990 |
| 2017 | $21K | $12K | $44K | $0 | — | View 990 |
| 2016 | $23K | $36K | $35K | $0 | — | View 990 |
| 2015 | $29K | $29K | $49K | $0 | — | View 990 |
| 2014 | $849 | $26K | $48K | $0 | — | View 990 |
| 2013 | $8K | $23K | $73K | $0 | — | View 990 |
| 2012 | $2K | $41K | $88K | $0 | — | View 990 |
| 2011 | $111K | $49K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $11K, and assets of $42K.
- 2022: Revenue of $-1,673, expenses of $8K, and assets of $45K (revenue -110.4% year-over-year).
- 2021: Revenue of $16K, expenses of $98K, and assets of $55K (revenue -35.2% year-over-year).
- 2020: Revenue of $25K, expenses of $125, and assets of $138K (revenue -42.7% year-over-year).
- 2019: Revenue of $44K, expenses of $875, and assets of $113K (revenue -4.4% year-over-year).
- 2018: Revenue of $46K, expenses of $20K, and assets of $70K (revenue +115.7% year-over-year).
- 2017: Revenue of $21K, expenses of $12K, and assets of $44K (revenue -6.2% year-over-year).
- 2016: Revenue of $23K, expenses of $36K, and assets of $35K (revenue -22.3% year-over-year).
- 2015: Revenue of $29K, expenses of $29K, and assets of $49K (revenue +3311.1% year-over-year).
- 2014: Revenue of $849, expenses of $26K, and assets of $48K (revenue -89.6% year-over-year).
- 2013: Revenue of $8K, expenses of $23K, and assets of $73K (revenue +440.6% year-over-year).
- 2012: Revenue of $2K, expenses of $41K, and assets of $88K (revenue -98.6% year-over-year).
- 2011: Revenue of $111K, expenses of $49K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boyle County Education Foundation Inc:
Data Sources and Methodology
This transparency report for Boyle County Education 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.