Bugle Boy Foundation EIN 26-3559311

Bugle Boy Foundation

EIN  26-3559311 Public charity (501(c)(3)) La Grange, TX Founded 2008
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Size
$100K–1M
What they do
Presents affordable live music and supports music education programs for students.
Leadership
Shawn Raborn · President
Money in and out
$457K revenue, $366K expenses
Bottom line
97% program efficiency

Presents affordable live music and supports music education programs for students. For fiscal year 2025 it reported $457K in revenue, $366K in expenses, and $665K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$665K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $92K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs0% vs prior filing year
Operating runway
16.0mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▲ +52% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$457K
FY2025▲ +5%
Expenses
$366K
FY2025▼ -3%
Total assets
$671K
FY2025▲ +17%
Total liabilities
$6K
FY2025▲ +254%
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$665K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$671K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $355K of program spending, described in the organization's own filed words · FY2025.
01

1ST exempt purpose accomplishment - live music concerts: the organization provides concerts at which the public can affordably listen to a wide array of unique musical artists in a listening room environment. The listening public experiences an eclectic mix of many diverse musical genres, tastes and styles.

$347Kprogram expense
02

The 3rd Exempt Purpose Accomplishment

Nursing home concerts: organization sponsors concerts for nursing home residents at 4 area nursing homes in fayette county. In year 2025, the organization provided 41 concerts at nursing homes & assisted living facilities, with 929 in attendance.

$6Kprogram expense
03

The 2nd Exempt Purpose Accomplishment

Swan song program: the swan song program, which fulfills end of life musical wishes, provided 5 swan song concerts for hospice patients, with 147 attnedees, including patients, residents and care givers.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBugle Boy Foundation
EINHdr · item D26-3559311
Principal addressHdr · item CLa Grange, TX
WebsiteHdr · item Jwww.thebugleboy.org
Year of formationHdr · item L2008
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lane Gosnay’s $30K as Founder/Dire is at the 25th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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

NameFY2023FY2022FY2021FY2020
Lane Gosnay$30,279$30,000$50,000$51,923

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.

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Statement of Revenue

Part VIII
Contributions & grants$260K · 57%
Program service revenue$169K · 37%
Investment income$17K · 4%
Other revenue$11K · 2%
Contributions & grants57%$260K
Program service revenue37%$169K
Investment income4%$17K
Other revenue2%$11K
— government grantsLn 1e$35K
Total revenueLn 12$457K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$356K
Management & general3%$10K
Total functional expensesLn 25$366K

Balance Sheet

Part X · end of year
CashLn 1$489K
Total assetsLn 16$671K
Total liabilitiesLn 26$6K
Total net assetsLn 32$665K
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $489K · Operating expenses/yr $366K
16.0 months
Where the money goes
Program services
Program services $356K · Total expenses $366K
97%
Management & General
Management & general $10K · Total expenses $366K
3%
Fundraising
Fundraising $0 · Total expenses $366K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $213K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $260K · Total revenue $457K
57%
Government reliance
Government grants $35K · Total revenue $457K
8%
Earned-income share
Program service revenue $169K · Total revenue $457K
37%
Investment reliance
Investment income $17K · Total revenue $457K
+4%
Program self-sufficiency
Program service revenue $169K · Total expenses $366K
46%
Growth & trend
Revenue growth (YoY)
This year $457K · Prior year $434K
+5%
Revenue CAGR
FY2020 $263K · FY2025 $457K
+12%
Net-asset trend (YoY)
End of year $665K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $457K · Expenses $366K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $671K
Net-asset ratio
Net assets $665K · Total assets $671K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $671K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shawn Raborn · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $366K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $366K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Revenue growth 5%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$457K revenue · viewing · ⤓ 990 PDF
FY2024$434K revenue · ⤓ 990 PDF
FY2023$363K revenue · ⤓ 990 PDF
FY2022$338K revenue · ⤓ 990 PDF
FY2021$320K revenue · ⤓ 990 PDF
FY2020$263K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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