The Boston Education Development Foundation Inc
Boston Education Development Foundation: Strong Asset Growth, but Spending Breakdown Needs Clarity
EIN: 222514422 · Roxbury, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $13.0M |
| Program Spending | 70% |
| Net Assets | $14.7M |
| Transparency Score | 75/100 |
Is The Boston Education Development Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Boston Education Development Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Boston Education Development Foundation Inc
The Boston Education Development Foundation Inc (EIN: 222514422) is a nonprofit organization based in Roxbury, MA. The organization reported total revenue of $4.8M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Boston Education Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Boston Education Development Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.9M |
| Total Expenses | $13.0M |
| Surplus / Deficit | +$867K |
| Total Assets | $16.0M |
| Total Liabilities | $1.3M |
| Net Assets | $14.7M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, The Boston Education Development Foundation Inc reported a surplus of $867K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Boston Education Development Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +11.9% | +5.6% |
| 2022 | +25.0% | +71.7% | +7.1% |
| 2021 | -7.2% | -2.5% | -11.0% |
| 2020 | -14.5% | -23.6% | +25.9% |
| 2019 | -18.2% | -19.2% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Boston Education Development Foundation Inc 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, The Boston Education Development Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $867K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
Without specific compensation figures for executives, it is impossible to assess the reasonableness of executive compensation; the 'c0%' reported across all years is a significant data gap.
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 Boston Education Development Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- Consistent reporting of 'c0%' for compensation across all years, which is highly unusual and requires clarification.
- Significant liabilities reported in recent years, reaching $1,300,937 in 2023, up from $0 in 2017.
Strengths
The following positive indicators were identified for The Boston Education Development Foundation Inc:
- Consistent revenue generation, with revenues ranging from $7.3M to $13.9M over the past seven years.
- Strong asset growth, increasing from $12.4M in 2017 to $16.0M in 2023.
- Positive net assets, indicating financial stability despite recent liabilities.
Frequently Asked Questions about The Boston Education Development Foundation Inc
Is The Boston Education Development Foundation Inc a legitimate charity?
The Boston Education Development Foundation Inc (EIN: 222514422) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Boston Education Development Foundation Inc spend its money?
The Boston Education Development Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to The Boston Education Development Foundation Inc tax-deductible?
The Boston Education Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222514422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Boston Education Development Foundation Inc's spending goes to programs?
The Boston Education Development Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Boston Education Development Foundation Inc located?
The Boston Education Development Foundation Inc is headquartered in Roxbury, Massachusetts and files with the IRS under EIN 222514422.
How many years of IRS 990 filings does The Boston Education Development Foundation Inc have?
The Boston Education Development 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 $4.8M in total revenue.
What does The Boston Education Development Foundation Inc do?
The Boston Education Development Foundation Inc is a nonprofit organization in the Unknown sector, located in Roxbury, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does The Boston Education Development Foundation Inc have?
The Boston Education Development Foundation Inc reported total revenue of $4,789,847. Based on 13 IRS 990 filings on record.
What are The Boston Education Development Foundation Inc's total assets?
The Boston Education Development Foundation Inc holds total assets of $11,550,644 as reported in IRS 990 filings.
Where is The Boston Education Development Foundation Inc located?
The Boston Education Development Foundation Inc is based in Roxbury, Massachusetts.
What is The Boston Education Development Foundation Inc's EIN?
The Boston Education Development Foundation Inc's Employer Identification Number (EIN) is 222514422. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Boston Education Development Foundation Inc?
The Boston Education Development Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Boston Education Development Foundation Inc a registered 501(c)(3)?
The Boston Education Development Foundation Inc appears in IRS records (EIN: 222514422). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Boston Education Development Foundation Inc file IRS Form 990?
Yes, The Boston Education Development Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Boston Education Development Foundation Inc's revenue in 2023?
In the 202306 filing period, The Boston Education Development Foundation Inc reported total revenue of $13,910,209, total expenses of $13,043,036, and net assets of $16,009,168.
Is The Boston Education Development Foundation Inc's revenue growing or declining?
The Boston Education Development Foundation Inc's revenue is growing. Revenue went from $9,175,360 (202206) to $13,910,209 (202306), a +51.6% change. Based on 13 filings on record.
What is The Boston Education Development Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Boston Education Development Foundation Inc covers tax period 202306. It shows revenue of $13,910,209, expenses of $13,043,036, total assets of $16,009,168, and liabilities of $1,300,937.
How much does The Boston Education Development Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The Boston Education Development Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Boston Education Development Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Boston Education Development Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Boston Education Development Foundation Inc?
The following concerns were identified: Lack of detailed expense breakdown (program, admin, fundraising) in provided data.. Consistent reporting of 'c0%' for compensation across all years, which is highly unusual and requires clarification.. Significant liabilities reported in recent years, reaching $1,300,937 in 2023, up from $0 in 2017.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Boston Education Development Foundation Inc's strengths?
Positive indicators for The Boston Education Development Foundation Inc include: Consistent revenue generation, with revenues ranging from $7.3M to $13.9M over the past seven years.. Strong asset growth, increasing from $12.4M in 2017 to $16.0M in 2023.. Positive net assets, indicating financial stability despite recent liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does The Boston Education Development Foundation Inc compensate executives?
Without specific compensation figures for executives, it is impossible to assess the reasonableness of executive compensation; the 'c0%' reported across all years is a significant data gap. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' reported for compensation, how does the organization compensate its leadership and staff, and what is the actual executive compensation structure?
The 'c0%' reported for compensation in the provided data is highly unusual for an organization of this size and suggests that compensation details are either not being reported or are categorized differently. A full review of their IRS Form 990 would be necessary to understand actual executive and staff compensation.
What is the nature of the significant liabilities reported in recent years, which grew from $0 in 2017 to over $1.3 million in 2023?
The increase in liabilities, particularly the $1,300,937 reported in 2023, warrants further investigation. Understanding the nature of these liabilities (e.g., program-related debt, capital expenditures, deferred revenue) is crucial for a complete financial assessment.
Filing History
IRS 990 filing history for The Boston Education Development Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Boston Education Development Foundation Inc's revenue has grown by 49.9%, moving from $9.3M to $13.9M. Total assets increased by 28.7% over the same period, from $12.4M to $16.0M. Total functional expenses rose by 45.9%, from $8.9M to $13.0M. In its most recent filing year (2023), The Boston Education Development Foundation Inc reported a surplus of $867K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $16.0M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.9M | $13.0M | $16.0M | $1.3M | — | View 990 |
| 2022 | $9.2M | $11.7M | $15.2M | $4.2M | — | View 990 |
| 2021 | $7.3M | $6.8M | $14.2M | $50K | — | View 990 |
| 2020 | $7.9M | $7.0M | $15.9M | $2.3M | — | View 990 |
| 2019 | $9.3M | $9.1M | $12.6M | $23K | — | View 990 |
| 2018 | $11.3M | $11.3M | $12.5M | $11K | — | View 990 |
| 2017 | $10.2M | $10.7M | $12.4M | $0 | — | View 990 |
| 2016 | $12.1M | $10.9M | $12.9M | $0 | — | View 990 |
| 2015 | $12.0M | $13.5M | $11.7M | $0 | — | View 990 |
| 2014 | $9.2M | $9.4M | $13.3M | $0 | — | View 990 |
| 2013 | $10.7M | $11.8M | $13.4M | $0 | — | View 990 |
| 2012 | $10.5M | $8.4M | $14.5M | $0 | — | View 990 |
| 2011 | $9.3M | $8.9M | $12.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.9M, expenses of $13.0M, and assets of $16.0M (revenue +51.6% year-over-year).
- 2022: Revenue of $9.2M, expenses of $11.7M, and assets of $15.2M (revenue +25.0% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.8M, and assets of $14.2M (revenue -7.2% year-over-year).
- 2020: Revenue of $7.9M, expenses of $7.0M, and assets of $15.9M (revenue -14.5% year-over-year).
- 2019: Revenue of $9.3M, expenses of $9.1M, and assets of $12.6M (revenue -18.2% year-over-year).
- 2018: Revenue of $11.3M, expenses of $11.3M, and assets of $12.5M (revenue +10.5% year-over-year).
- 2017: Revenue of $10.2M, expenses of $10.7M, and assets of $12.4M (revenue -15.4% year-over-year).
- 2016: Revenue of $12.1M, expenses of $10.9M, and assets of $12.9M (revenue +1.0% year-over-year).
- 2015: Revenue of $12.0M, expenses of $13.5M, and assets of $11.7M (revenue +29.8% year-over-year).
- 2014: Revenue of $9.2M, expenses of $9.4M, and assets of $13.3M (revenue -14.0% year-over-year).
- 2013: Revenue of $10.7M, expenses of $11.8M, and assets of $13.4M (revenue +2.6% year-over-year).
- 2012: Revenue of $10.5M, expenses of $8.4M, and assets of $14.5M (revenue +12.7% year-over-year).
- 2011: Revenue of $9.3M, expenses of $8.9M, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Boston Education Development Foundation Inc:
Data Sources and Methodology
This transparency report for The Boston Education Development 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.