Building a world that realizes the Boundless potential of all people.

501(c)(3) charity; gifts are tax-deductible.
12¢ of each $1 spent went to programs.
$1.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.6M a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
12%
of spending
Concern: 12% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20.4M
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.5M
+676% vs prior year
Spent
$19.6M
To programs
12%
Net assets
−$3.6M
By yearFY2020–FY2024
Revenue
$18.5M
FY2023▲ +676%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.0M
FY2021$19.5M
FY2022$2.4M
FY2023$18.5M
FY2024$28.8M
Expenses
$19.6M
FY2023▲ +172%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.7M
FY2021$20.8M
FY2022$7.2M
FY2023$19.6M
FY2024$29.7M
Net assets
−$3.6M
FY2023▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.1M
FY2021$3.0M
FY2022−$2.5M
FY2023−$3.6M
FY2024−$4.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

12 cents of each dollar spent went to programs.

Program services 12% · $2.4M Management & general 88% · $17.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$451,238Pt VII · Sec A
Chief Legal Officer & Gen Coun
$252,871Pt VII · Sec A
$246,499Pt VII · Sec A
$239,505Pt VII · Sec A
VP, Analytics & Technology
$195,275Pt VII · Sec A
VP, Program Services
$191,216Pt VII · Sec A
VP, Advancement & Communicatio
$161,665Pt VII · Sec A
VP, People & Culture
$145,240Pt VII · Sec A

Patrick Maynard’s $483K as President & CEO is at the 87th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Patrick Maynard$482,623$451,238$89,628$40,960
Diane Beastrom$328,583———
Cynthia Ripsin——$307,284—
Ronald J Davy$273,852$246,499——
Christopher Wolf$272,429$239,505——
Trent Stechschulte$255,571$252,871——
Jennifer Riha$253,790$191,216——
Richard Neighbarger$213,692$195,275——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Boundless Strategic Resources INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides management and administrative support services to its subsidiary organizations to help them efficiently deliver community and human services.

Questions for Boundless Strategic Resources INC

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2023
01

Boundless Strategic Resources, Inc. serves as the parent, supporting organization by providing management services to its subsidiaries.

$2.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$18.5M
Ln 12
Fees for servicesLn 2g$13.8M
Other incomeLn 4–11$3.8M
Gifts and grantsLn 1h$903K
Money outPt IX
$19.6M
Ln 25
Programscol B$2.4M
Managementcol C$17.2M
Owns and owesPt X
−$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$552K
Total assetsLn 16$16.8M
LiabilitiesLn 26$20.4M
PeoplePt VI, VII
33
listed · VII A
PaidVII A8
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$903K
Government grantsLn 1e$900K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$13.8M
Investment incomeLn 3$1
Other incomeLn 4–11$3.8M
Gains on assetsLn 7$0
Total revenueLn 12$18.5M
Assets in detailPt X, end of year
CashLn 1$538K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$552K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$15.2M
Other assetsLn 15$0
Total assetsLn 16$16.8M
LiabilitiesLn 26$20.4M
Net assetsLn 32−$3.6M
OperationsPt I, VI
EmployeesI 5204
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$359K$552K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$15.2M$15.2M
Total assetsLn 16$15.8M$16.8M
LiabilitiesLn 26$18.3M$20.4M
Net assetsLn 32−$2.5M−$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.5M$1.5M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.4M$5.4M
Pension plan contributionsLn 8$67K$67K
Other employee benefitsLn 9$954K$954K
Payroll taxesLn 10$969K$969K
Management feesLn 11a$0
Legal feesLn 11b$220K$9K$210K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.7M$94K$1.6M
Advertising and promotionLn 12$305K$13K$292K
Office expensesLn 13$413K$130K$283K
Information technologyLn 14$959K$41K$918K
RoyaltiesLn 15$0
OccupancyLn 16$2.8M$1.7M$1.1M
TravelLn 17$99K$504$98K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$67K$3K$64K
InterestLn 20$752K$298K$454K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$992K$66K$927K
InsuranceLn 23$571K$571K
Other expenses (24a–d)Ln 24$1.8M$87K$1.7M
All other expensesLn 24e$8K$307$7K
Total functional expensesLn 25$19.6M$2.4M$17.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $28.8M$29.7M−$871K−$4.4M 990 PDF
FY2023 Viewing $18.5M$19.6M−$1.1M−$3.6M 990 PDF
FY2022 $2.4M$7.2M−$4.8M−$2.5M 990 PDF
FY2021 $19.5M$20.8M−$1.4M$3.0M 990 PDF
FY2020 $15.0M$14.7M$304K$4.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $18,542,781 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,137$903,254
I-9 Program service revenuePrior year $1,890,348$13,843,098
I-10 Investment incomePrior year −$590,517$1
I-11 Other revenuePrior year $1,051,656$3,796,428
I-12 Total revenuePrior year $2,388,624$18,542,781
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,432,185$8,849,801
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,785,373$10,794,515
I-18 Total expensesPrior year $7,217,558$19,644,316
I-19 Revenue less expensesPrior year −$4,828,934−$1,101,535
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,542,781 across 12 lines filed
VIII-1e Government grants$900,000
VIII-1f All other contributions, gifts and grants$3,254
VIII-1g Noncash contributions (included above)$1,800
VIII-1h Total contributions, gifts and grants$903,254
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,843,098$13,843,098
VIII-3 Investment incomeExcluded from tax $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $3,616,791$3,616,791
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $179,637$179,637
VIII-12 Total revenueRelated to mission $13,843,098 · Excluded from tax $3,796,429$18,542,781
Part IX · Statement of functional expenses $19,644,316 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $1,495,769$1,495,769
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $5,364,458$5,364,458
IX-8 Pension plan contributionsManagement $67,136$67,136
IX-9 Other employee benefitsManagement $953,760$953,760
IX-10 Payroll taxesManagement $968,678$968,678
IX-11a Management fees$0
IX-11b Legal feesPrograms $9,390 · Management $210,473$219,863
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $94,498 · Management $1,647,572$1,742,070
IX-12 Advertising and promotionPrograms $13,021 · Management $291,861$304,882
IX-13 Office expensesPrograms $130,490 · Management $282,931$413,421
IX-14 Information technologyPrograms $40,943 · Management $917,752$958,695
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,693,961 · Management $1,144,971$2,838,932
IX-17 TravelPrograms $504 · Management $98,409$98,913
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,855 · Management $63,988$66,843
IX-20 InterestPrograms $297,633 · Management $454,120$751,753
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $65,515 · Management $926,777$992,292
IX-23 InsuranceManagement $571,424$571,424
IX-24 Other expenses (24a–d)Programs $87,177 · Management $1,740,633$1,827,810
IX-24e All other expensesPrograms $307 · Management $7,310$7,617
IX-25 Total functional expensesPrograms $2,436,294 · Management $17,208,022 · Fundraising $0$19,644,316
Part X · Balance sheet $16,804,789 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $344,814$537,863
X-2 Savings and temporary cash investmentsStart of year $13,935$13,936
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $272,118$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $3,403$1,050,988
X-10c Land, buildings and equipment, netStart of year $15,209,662$15,202,002
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $15,843,932$16,804,789
X-17 Accounts payable and accrued expensesStart of year $1,940,932$4,352,353
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$463,863
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $8,042,046$6,323,782
X-26 Total liabilitiesStart of year $18,314,760$20,400,469
X-27 Net assets without donor restrictionsStart of year −$2,470,828−$3,595,680
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$2,470,828−$3,595,680
X-33 Total liabilities and net assetsStart of year $15,843,932$16,804,789
Part XI · Reconciliation of net assets −$3,595,680 net assets at year end
XI-1 Total revenue$18,542,781
XI-2 Total expenses$19,644,316
XI-3 Revenue less expenses−$1,101,535
XI-4 Net assets at start of year−$2,470,828
XI-5 Net unrealized gains (losses) on investments−$13,317
XI-9 Other changes in net assets−$10,000
XI-10 Net assets at end of year−$3,595,680

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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