Friends Of Boone County Arboretum Inc

Friends Of Boone County Arboretum Inc shows consistent asset growth and no executive compensation, indicating strong financial health and volunteer-driven operations.

EIN: 200599452 · Union, KY · NTEE: N11 · Updated: 2026-03-28

$183KRevenue

$283KAssets

92/100Mission Score (Excellent)

N11

About Friends Of Boone County Arboretum Inc

Friends Of Boone County Arboretum Inc (EIN: 200599452) is a nonprofit organization based in Union, KY, classified under NTEE code N11. The organization reported total revenue of $183K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Boone County Arboretum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Boone County Arboretum Inc demonstrates consistent financial growth and strong program focus. Over the past seven years, the organization's assets have steadily increased from $106,732 in 2017 to $224,731 in 2023, indicating effective asset management and financial stability. Revenue has also shown a positive trend, with the latest filing reporting $129,249 against expenses of $102,652, resulting in a surplus. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of donor funds, contributing to high transparency and trust.

The spending efficiency appears robust, with a significant portion of expenses likely directed towards program services, given the low overall expenses relative to revenue and the absence of paid executive compensation. The organization's liabilities have remained relatively low across all reported periods, suggesting responsible financial management and minimal debt burden. This financial health supports its mission to maintain and develop the Boone County Arboretum.

Overall, Friends Of Boone County Arboretum Inc exhibits sound financial practices, a clear commitment to its mission through efficient spending, and high transparency due to its volunteer leadership. The consistent growth in assets and revenue, coupled with low liabilities and no executive compensation, paints a picture of a well-managed and impactful nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Boone County Arboretum Inc 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: 85%
fundraising: 5%

According to IRS 990 filings, Friends Of Boone County Arboretum Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all seven filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit 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.

Strengths

The following positive indicators were identified for Friends Of Boone County Arboretum Inc:

Consistent asset growth, more than doubling from $106,732 in 2017 to $224,731 in 2023.
0% officer compensation reported across all seven filings, indicating volunteer leadership and efficient use of funds.
Positive net income in most recent periods (e.g., $129,249 revenue vs. $102,652 expenses in 2023).
Low liabilities relative to assets, suggesting responsible financial management (e.g., $6,446 liabilities vs. $224,731 assets in 2023).
Steady revenue generation, demonstrating consistent donor support and fundraising efforts.

Frequently Asked Questions about Friends Of Boone County Arboretum Inc

Is Friends Of Boone County Arboretum Inc a good charity?

Based on the IRS 990 data, Friends Of Boone County Arboretum Inc appears to be a very good charity. It demonstrates strong financial health with growing assets (from $106,732 in 2017 to $224,731 in 2023), consistent revenue generation, and remarkably, 0% officer compensation across all reported periods, indicating a highly volunteer-driven and efficient operation.

How has the organization's financial stability changed over time?

The organization's financial stability has significantly improved over time. Assets have more than doubled from $106,732 in 2017 to $224,731 in 2023, and revenue has generally trended upwards, indicating healthy growth and accumulation of resources.

What is the organization's approach to executive compensation?

Friends Of Boone County Arboretum Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means that the organization's leadership is unpaid, maximizing the funds available for its programs.

Filing History

IRS 990 filing history for Friends Of Boone County Arboretum Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2017–2023), Friends Of Boone County Arboretum Inc's revenue has grown by 75.9%, moving from $73K to $129K. Total assets increased by 110.6% over the same period, from $107K to $225K. Total functional expenses rose by 238.8%, from $30K to $103K. In its most recent filing year (2023), Friends Of Boone County Arboretum Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $6K in liabilities against $225K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $218K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$129K	$103K	$225K	$6K	—	View 990
2022	$99K	$93K	$198K	$6K	—	View 990
2021	$141K	$78K	$187K	$2K	—	View 990
2020	$56K	$70K	$131K	$9K	—	—
2019	$63K	$64K	$138K	$2K	—	View 990
2018	$86K	$54K	$139K	$1K	—	View 990
2017	$73K	$30K	$107K	$434	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $129K, expenses of $103K, and assets of $225K (revenue +30.4% year-over-year).
2022: Revenue of $99K, expenses of $93K, and assets of $198K (revenue -29.7% year-over-year).
2021: Revenue of $141K, expenses of $78K, and assets of $187K (revenue +153.6% year-over-year).
2020: Revenue of $56K, expenses of $70K, and assets of $131K (revenue -11.8% year-over-year).
2019: Revenue of $63K, expenses of $64K, and assets of $138K (revenue -26.4% year-over-year).
2018: Revenue of $86K, expenses of $54K, and assets of $139K (revenue +16.5% year-over-year).
2017: Revenue of $73K, expenses of $30K, and assets of $107K.

Data Sources and Methodology

This transparency report for Friends Of Boone County Arboretum 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.