Boardassist FY2022 filing

New York, NY · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$386K
-17% vs prior year
Spent
$358K
To programs
93%
Net assets
$482K
By yearFY2020–FY2025
Revenue
$386K
FY2022▼ -17%
Revenue by fiscal year
FY2020$226K
FY2021$467K
FY2022$386K
FY2023$424K
FY2024$346K
FY2025$321K
Expenses
$358K
FY2022▲ +9%
Expenses by fiscal year
FY2020$296K
FY2021$329K
FY2022$358K
FY2023$506K
FY2024$498K
FY2025$431K
Net assets
$482K
FY2022▲ +6%
Net assets by fiscal year
FY2020$316K
FY2021$454K
FY2022$482K
FY2023$399K
FY2024$248K
FY2025$138K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CBoardassist
EINHdr · item D03-0553405
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2005
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
WebsiteHdr · item Jwww.boardassist.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.05 Fundraising $0.01
Program services93%$335K
Management & general5%$19K
Fundraising1%$5K
Total functional expensesLn 25$358K

Financial health

Is it on solid ground?

Program efficiency
93%
of spending reaches programs
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$490K
FY2022▲ +2%
Total assets by fiscal year
FY2020$385K
FY2021$482K
FY2022$490K
FY2023$425K
FY2024$309K
FY2025$149K
Total liabilities
$8K
FY2022▼ -71%
Total liabilities by fiscal year
FY2020$69K
FY2021$28K
FY2022$8K
FY2023$26K
FY2024$61K
FY2025$11K
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$490K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$484K
Total assetsLn 16$490K
Total liabilitiesLn 26$8K
Total net assetsLn 32$482K
Months of cash on handcomputed16.2

Statement of Revenue

Part VIII
Program service revenue$259K · 67%
Contributions & grants$127K · 33%
Program service revenue67%$259K
Contributions & grants33%$127K
— government grantsLn 1e$21K
Total revenueLn 12$386K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $484K · Operating expenses/yr $358K
16.2 months
Where the money goes
Program services
Program services $335K · Total expenses $358K
93%
Management & General
Management & general $19K · Total expenses $358K
5%
Fundraising
Fundraising $5K · Total expenses $358K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $78K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $127K · Total revenue $386K
33%
Government reliance
Government grants $21K · Total revenue $386K
5%
Earned-income share
Program service revenue $259K · Total revenue $386K
67%
Investment reliance
Investment income $0 · Total revenue $386K
0%
Program self-sufficiency
Program service revenue $259K · Total expenses $358K
72%
Growth & trend
Revenue growth (YoY)
This year $386K · Prior year $467K
-17%
Net-asset trend (YoY)
End of year $482K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $386K · Expenses $358K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $490K
—
Net-asset ratio
Net assets $482K · Total assets $490K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $490K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cynthia Remec · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $250K · Total expenses $358K
70%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $337K · Total expenses $358K
94%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 5%——
Fundraising cost ratio 4%——
Revenue growth -17%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$250,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cynthia Remec’s $310K as Executive Director is at the 100th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cynthia Remec$309,615$350,000$375,000$250,000$219,400$175,915

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 Boardassist executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Connects nonprofits with impactful board members to drive change.

Provided by the organization

This section is blank until Boardassist claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $335K of program spending, described in the organization's own filed words · FY2022.
01

Place individuals to serve as board members for various not-for-profit organizations.

$335Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$25K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $321K$431K-7% 990 PDF
FY2024 $346K$498K-18% 990 PDF
FY2023 $424K$506K+10% 990 PDF
FY2022 Viewing $386K$358K-17% 990 PDF
FY2021 $467K$329K+107% 990 PDF
FY2020 $226K$296K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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