The Boedecker Foundation
Boedecker Foundation consistently spends more than it earns, drawing on substantial assets, with no reported executive compensation.
EIN: 208495254 · Boulder, CO · NTEE: T20 · Updated: 2026-03-28
Is The Boedecker Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Boedecker Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Boedecker Foundation
The Boedecker Foundation (EIN: 208495254) is a nonprofit organization based in Boulder, CO, classified under NTEE code T20. The organization reported total revenue of $12.3M and total assets of $34.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Boedecker Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Boedecker Foundation is a large nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-2,627,843 |
| Total Assets | $37.3M |
| Total Liabilities | $1.2M |
| Net Assets | $36.1M |
| Operating Margin | -137.3% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 98.5 months |
Financial Health Grade: B
In 2023, The Boedecker Foundation reported a deficit of $2.6M with expenses exceeding revenue, holds 98.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Boedecker Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.8% | +15.6% | -6.7% |
| 2022 | -49.0% | +14.8% | -0.9% |
| 2021 | +232.9% | -4.4% | +1.1% |
| 2020 | +12.9% | -4.0% | +5.0% |
| 2019 | -76.4% | -9.4% | -13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 The Boedecker Foundation with a Mission Score of 85 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, The Boedecker 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 $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and asset base. This suggests a strong commitment to directing all funds towards the foundation's mission.
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 The Boedecker Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, indicating reliance on asset drawdowns which may impact long-term sustainability if not managed strategically.
Strengths
The following positive indicators were identified for The Boedecker Foundation:
- Zero officer compensation reported across all filings, demonstrating exceptional dedication to mission-focused spending.
- Substantial asset base ($37,277,479 in 2023) provides significant financial stability and capacity for grantmaking.
- Consistent history of IRS 990 filings, indicating good transparency and compliance.
Frequently Asked Questions about The Boedecker Foundation
Is The Boedecker Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Boedecker Foundation (EIN: 208495254) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does The Boedecker Foundation spend its money?
The Boedecker Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Boedecker Foundation tax-deductible?
The Boedecker Foundation is registered as a tax-exempt nonprofit (EIN: 208495254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Boedecker Foundation a good charity?
Based on the available data, The Boedecker Foundation appears to be a highly program-focused organization with no reported executive compensation, which is a strong positive indicator. Its substantial asset base allows it to fund its mission even when expenses exceed revenue, suggesting a commitment to its philanthropic goals.
How does The Boedecker Foundation fund its operations given that expenses often exceed revenue?
The foundation primarily funds its operations by drawing from its significant asset base, which stood at $37,277,479 in 2023. This is a common practice for foundations that utilize their endowments to support ongoing grantmaking and activities.
What is the trend in the foundation's assets?
The foundation's assets have seen a gradual decrease over the past decade, from a high of $47,624,770 in 2011 to $37,277,479 in 2023. This trend aligns with the pattern of expenses consistently exceeding revenue, indicating the foundation is spending down its endowment to support its mission.
Filing History
IRS 990 filing history for The Boedecker Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Boedecker Foundation's revenue has declined by 2.7%, moving from $2.0M to $1.9M. Total assets decreased by 21.7% over the same period, from $47.6M to $37.3M. Total functional expenses fell by 3.9%, from $4.7M to $4.5M. In its most recent filing year (2023), The Boedecker Foundation reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $37.3M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $36.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $4.5M | $37.3M | $1.2M | — | View 990 |
| 2022 | $3.3M | $3.9M | $40.0M | $1.3M | — | View 990 |
| 2021 | $6.4M | $3.4M | $40.3M | $958K | — | View 990 |
| 2020 | $1.9M | $3.6M | $39.9M | $3.5M | — | View 990 |
| 2019 | $1.7M | $3.7M | $38.0M | $0 | — | View 990 |
| 2015 | $7.3M | $4.1M | $44.1M | $0 | — | View 990 |
| 2014 | $1.1M | $4.2M | $41.0M | $0 | — | View 990 |
| 2013 | $5.2M | $4.6M | $46.1M | $2.1M | — | View 990 |
| 2012 | $3.7M | $4.9M | $46.5M | $3.0M | — | View 990 |
| 2011 | $2.0M | $4.7M | $47.6M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $4.5M, and assets of $37.3M (revenue -41.8% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.9M, and assets of $40.0M (revenue -49.0% year-over-year).
- 2021: Revenue of $6.4M, expenses of $3.4M, and assets of $40.3M (revenue +232.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $3.6M, and assets of $39.9M (revenue +12.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $3.7M, and assets of $38.0M (revenue -76.4% year-over-year).
- 2015: Revenue of $7.3M, expenses of $4.1M, and assets of $44.1M (revenue +544.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $4.2M, and assets of $41.0M (revenue -78.2% year-over-year).
- 2013: Revenue of $5.2M, expenses of $4.6M, and assets of $46.1M (revenue +38.1% year-over-year).
- 2012: Revenue of $3.7M, expenses of $4.9M, and assets of $46.5M (revenue +90.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $4.7M, and assets of $47.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Boedecker Foundation:
Data Sources and Methodology
This transparency report for The Boedecker 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.