Boynton Beach Firefighters Retirement Insurance Fund
Boynton Beach Firefighters Retirement Insurance Fund consistently maintains positive assets with no liabilities and 0% officer compensation.
EIN: 203632241 · Jupiter, FL · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $332K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.4M |
| Transparency Score | 90/100 |
Is Boynton Beach Firefighters Retirement Insurance Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boynton Beach Firefighters Retirement Insurance Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boynton Beach Firefighters Retirement Insurance Fund
Boynton Beach Firefighters Retirement Insurance Fund (EIN: 203632241) is a nonprofit organization based in Jupiter, FL, classified under NTEE code Y43. The organization reported total revenue of $1.5M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boynton Beach Firefighters Retirement Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boynton Beach Firefighters Retirement Insurance Fund is a mid-size 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 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $343K |
| Total Expenses | $332K |
| Surplus / Deficit | +$11K |
| Total Assets | $4.4M |
| Net Assets | $4.4M |
| Operating Margin | 3.2% |
| Months of Reserves | 157.7 months |
Financial Health Grade: A
In 2023, Boynton Beach Firefighters Retirement Insurance Fund reported a surplus of $11K with revenue exceeding expenses, holds 157.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Boynton Beach Firefighters Retirement Insurance Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.6% | -25.1% | +13.8% |
| 2022 | +18.2% | +74.8% | -19.3% |
| 2021 | -10.0% | +38.0% | +22.5% |
| 2020 | +4.8% | +5.9% | +7.8% |
| 2019 | +0.6% | +11.6% | +4.2% |
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 Boynton Beach Firefighters Retirement Insurance Fund with a Mission Score of 90 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, Boynton Beach Firefighters Retirement Insurance Fund 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 surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or are compensated through mechanisms not categorized as officer compensation on the 990, which is highly efficient for an organization of its size with assets exceeding $5 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.
Strengths
The following positive indicators were identified for Boynton Beach Firefighters Retirement Insurance Fund:
- Consistent positive net assets and no reported liabilities across all filings.
- 0% officer compensation reported, indicating high efficiency in leadership costs.
- Steady growth in assets over the past decade, from $2,099,111 in 201409 to $4,357,653 in 202309.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Clear and focused mission as a pension and retirement fund (NTEE Code Y43).
Frequently Asked Questions about Boynton Beach Firefighters Retirement Insurance Fund
Is Boynton Beach Firefighters Retirement Insurance Fund a legitimate charity?
Boynton Beach Firefighters Retirement Insurance Fund (EIN: 203632241) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Boynton Beach Firefighters Retirement Insurance Fund spend its money?
Boynton Beach Firefighters Retirement Insurance Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Boynton Beach Firefighters Retirement Insurance Fund tax-deductible?
Boynton Beach Firefighters Retirement Insurance Fund is registered as a tax-exempt nonprofit (EIN: 203632241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Boynton Beach Firefighters Retirement Insurance Fund CEO make?
Boynton Beach Firefighters Retirement Insurance Fund's highest-compensated officer earns $5 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Boynton Beach Firefighters Retirement Insurance Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Boynton Beach Firefighters Retirement Insurance Fund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boynton Beach Firefighters Retirement Insurance Fund located?
Boynton Beach Firefighters Retirement Insurance Fund is headquartered in Jupiter, Florida and files with the IRS under EIN 203632241. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Boynton Beach Firefighters Retirement Insurance Fund have?
Boynton Beach Firefighters Retirement Insurance Fund 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 $1.5M in total revenue.
Is Boynton Beach Firefighters Retirement Insurance Fund a good charity?
Based on the provided data, the organization appears to be a well-managed and financially sound fund. It consistently reports positive assets, no liabilities, and 0% officer compensation, which are strong indicators of responsible financial stewardship. Its mission is specific to providing retirement insurance for firefighters, and the financial data suggests it is effectively fulfilling this role.
How does the organization manage its expenses relative to its revenue?
In recent years, expenses have been increasing and are closely tracking revenue. For example, in 202309, revenue was $342,653 and expenses were $331,612, indicating that most of the incoming funds are being utilized, likely for benefit payments and fund management, which is typical for a retirement fund.
What is the trend in the organization's assets?
The organization's assets have shown a consistent growth trend over the years, increasing from $2,099,111 in 201409 to $4,357,653 in 202309, demonstrating effective asset management and accumulation for its beneficiaries.
Are there any concerns regarding liabilities?
No, the organization consistently reports $0 in liabilities across all available filings, which is an excellent indicator of financial health and stability.
What is the significance of 0% officer compensation?
0% officer compensation suggests that the organization's leadership either volunteers their time or is compensated through other entities, significantly reducing administrative overhead and ensuring more funds are available for the primary mission of providing retirement insurance.
Filing History
IRS 990 filing history for Boynton Beach Firefighters Retirement Insurance Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boynton Beach Firefighters Retirement Insurance Fund's revenue has grown by 17.1%, moving from $293K to $343K. Total assets increased by 299.5% over the same period, from $1.1M to $4.4M. Total functional expenses rose by 1334.7%, from $23K to $332K. In its most recent filing year (2023), Boynton Beach Firefighters Retirement Insurance Fund reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $343K | $332K | $4.4M | $0 | — | — |
| 2022 | $449K | $443K | $3.8M | $0 | — | View 990 |
| 2021 | $379K | $253K | $4.7M | $0 | — | View 990 |
| 2020 | $422K | $183K | $3.9M | $0 | — | View 990 |
| 2019 | $403K | $173K | $3.6M | $0 | — | View 990 |
| 2018 | $400K | $155K | $3.5M | $0 | — | View 990 |
| 2017 | $359K | $141K | $3.1M | $0 | — | View 990 |
| 2016 | $335K | $96K | $2.6M | $0 | — | View 990 |
| 2015 | $365K | $91K | $2.2M | $0 | — | View 990 |
| 2014 | $326K | $102K | $2.1M | $0 | — | View 990 |
| 2013 | $295K | $86K | $1.8M | $0 | — | View 990 |
| 2012 | $270K | $72K | $1.4M | $0 | — | View 990 |
| 2011 | $293K | $23K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $343K, expenses of $332K, and assets of $4.4M (revenue -23.6% year-over-year).
- 2022: Revenue of $449K, expenses of $443K, and assets of $3.8M (revenue +18.2% year-over-year).
- 2021: Revenue of $379K, expenses of $253K, and assets of $4.7M (revenue -10.0% year-over-year).
- 2020: Revenue of $422K, expenses of $183K, and assets of $3.9M (revenue +4.8% year-over-year).
- 2019: Revenue of $403K, expenses of $173K, and assets of $3.6M (revenue +0.6% year-over-year).
- 2018: Revenue of $400K, expenses of $155K, and assets of $3.5M (revenue +11.4% year-over-year).
- 2017: Revenue of $359K, expenses of $141K, and assets of $3.1M (revenue +7.2% year-over-year).
- 2016: Revenue of $335K, expenses of $96K, and assets of $2.6M (revenue -8.1% year-over-year).
- 2015: Revenue of $365K, expenses of $91K, and assets of $2.2M (revenue +11.7% year-over-year).
- 2014: Revenue of $326K, expenses of $102K, and assets of $2.1M (revenue +10.6% year-over-year).
- 2013: Revenue of $295K, expenses of $86K, and assets of $1.8M (revenue +9.3% year-over-year).
- 2012: Revenue of $270K, expenses of $72K, and assets of $1.4M (revenue -7.7% year-over-year).
- 2011: Revenue of $293K, expenses of $23K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boynton Beach Firefighters Retirement Insurance Fund:
Data Sources and Methodology
This transparency report for Boynton Beach Firefighters Retirement Insurance Fund 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.