Boulder Crest Foundation FY2020 filing

Tax-deductible

Bluemont, VA501(c)(3)Since 2010Human ServicesEIN 27-3228310Revenue $22.3M in FY2020

On file with the IRSbouldercrest.org33735 Snickersville Turnpike, 20135-1760 · Bluemont, VATax-exempt since Feb 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Boulder Crest foundation's mission is to facilitate posttraumatic growth through transformative programs, world-class training, education initiatives, research, and advocacy efforts.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$589K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $6.1M a year · 25% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$589K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $67K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$275K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.3M
Spent
$15.7M
To programs
92%
Net assets
$36.0M
By yearFY2020–FY2025
Revenue
$22.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$22.3M
FY2021$23.1M
FY2022$30.1M
FY2023$16.9M
FY2024$22.4M
FY2025$29.9M
Expenses
$15.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.7M
FY2021$19.5M
FY2022$25.9M
FY2023$13.1M
FY2024$15.8M
FY2025$17.9M
Net assets
$36.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$36.0M
FY2021$39.6M
FY2022$43.6M
FY2023$39.2M
FY2024$45.9M
FY2025$58.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2011.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $14.4M Management & general 5% · $813K Fundraising 3% · $409K

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

25 people listed on the 990; $589K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$185,383Pt VII · Sec A
Exec. Director (institute)
$160,000Pt VII · Sec A
Executive Director (va)
$126,847Pt VII · Sec A
Executive Director (az)
$117,129Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Josh Goldberg’s $275K as Chief Executive Officer is at the 70th percentile of top reported officer pay among 3122 $10–100M human services 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Josh Goldberg$275,000$275,000$250,000$175,000$170,000$160,000
Sarah Fehrer$210,000$210,000$208,555$193,713$188,810$185,383
Janet Reid$169,741$146,000$139,866———
Sue Huber—$164,321————
Joe Wood$150,000$145,001————
Mohammed Makki$146,250—————
Gregory Morin$142,500$135,000$126,186$113,599$104,460—
Joseph Wood——$140,909$124,849$124,834$117,129

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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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 15aNo

Programs and updates

Helps people heal and grow after trauma through programs, training, and education.

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Provided by the organization

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1 program · $14.4M · in their own filed words · FY2020
01

Boulder crest foundation is a veteran-led 501(c)3 non-profit organization that uses the proven science of posttraumatic growth to heal, train, and advocate for combat veterans, first responders, and their families who have experienced trauma.

$14.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 49 grants · $54.4M · 2020–2025
American Friends of Natal INCNY · FY2025$212,500
American Friends of Natal INCNY · FY2024$170,000
The Admin of the Tulane Educational FundFY2022$2,500,000
Shepherd Center Foundation INCGA · FY2022$2,500,000
The Admin of the Tulane Educational FundFY2022$2,500,000
Shepherd Center Foundation INCGA · FY2022$2,500,000
MibhCO · FY2022$1,525,946
MibhCO · FY2022$1,525,946
Thomas Jefferson UniversityPA · FY2022$785,587
Thomas Jefferson UniversityPA · FY2022$785,587
Sheep Dog Impact AssistanceAR · FY2022$600,000
Big Red Barn RetreatSC · FY2022$600,000
Travis Mills FoundationME · FY2022$600,000
See all 49 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$22.3M
Ln 12
Gifts and grantsLn 1h$21.8M
Other incomeLn 4–11$389K
Fees for servicesLn 2g$128K
Money outPt IX
$15.7M
Ln 25
Programscol B$14.4M
Managementcol C$813K
Fundraisingcol D$409K
Owns and owesPt X
$36.0M
net assets · Ln 32
Cash and savingsLn 1–2$17.6M
Total assetsLn 16$36.3M
LiabilitiesLn 26$275K
PeoplePt VI, VII
25
listed · VII A
PaidVII A4
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21.8M
Government grantsLn 1e$418K
Noncash giftsLn 1g$1.2M
Fundraising eventsLn 1c$163K
Fees for servicesLn 2g$128K
Investment incomeLn 3$64K
Other incomeLn 4–11$389K
Gains on assetsLn 7−$67K
Total revenueLn 12$22.3M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$15.6M
Cash and savings togetherLn 1–2$17.6M
Land, buildings, equipmentLn 10c$16.1M
Total assetsLn 16$36.3M
LiabilitiesLn 26$275K
Net assetsLn 32$36.0M
OperationsPt I, VI
EmployeesI 524
VolunteersI 6500
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 FY20End FY20
Cash and savingsLn 1–2$822K$17.6M
Land, buildings, equipmentLn 10c$17.0M$16.1M
Total assetsLn 16$29.7M$36.3M
LiabilitiesLn 26$283K$275K
Net assetsLn 32$29.4M$36.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.4M$9.4M
Pay of current officers, directors and key staffLn 5$589K$450K$74K$65K
Other salaries and wagesLn 7$1.8M$1.4M$198K$150K
Other employee benefitsLn 9$298K$229K$40K$28K
Payroll taxesLn 10$183K$143K$16K$24K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$48K$48K
Other fees for servicesLn 11g$17K$17K$475
Office expensesLn 13$65K$833$30K$34K
Information technologyLn 14$16K$2K$14K
OccupancyLn 16$96K$96K
TravelLn 17$17K$2K$15K
Conferences, conventions and meetingsLn 19$42K$42K
Depreciation, depletion and amortizationLn 22$843K$843K
InsuranceLn 23$86K$80K$6K
Other expenses (24a–d)Ln 24$1.8M$1.5M$251K$27K
All other expensesLn 24e$350K$255K$28K$67K
Total functional expensesLn 25$15.7M$14.4M$813K$409K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29.9M$17.9M$12.0M$58.5M 990 PDF
FY2024 $22.4M$15.8M$6.6M$45.9M 990 PDF
FY2023 $16.9M$13.1M$3.8M$39.2M 990 PDF
FY2022 $30.1M$25.9M$4.1M$43.6M 990 PDF
FY2021 $23.1M$19.5M$3.6M$39.6M 990 PDF
FY2020 Viewing $22.3M$15.7M$6.6M$36.0M 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
See the full FY2020 990 (6 parts)
Part I · Summary $22,287,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,774,417$21,771,332
I-9 Program service revenuePrior year $0$127,500
I-10 Investment incomePrior year $131,121−$3,107
I-11 Other revenuePrior year $849,795$392,067
I-12 Total revenuePrior year $9,755,333$22,287,792
I-13 Grants and similar amounts paidPrior year $1,544,906$9,427,827
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,414,836$2,841,442
I-16a Professional fundraising feesPrior year $20,480$0
I-17 Other expensesPrior year $2,892,417$3,388,300
I-18 Total expensesPrior year $6,872,639$15,657,569
I-19 Revenue less expensesPrior year $2,882,694$6,630,223
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $22,287,792 across 11 lines filed
Lines not itemized here account for $37,156 of total revenue; see the IRS return.
VIII-1c Fundraising events$163,051
VIII-1e Government grants$418,478
VIII-1f All other contributions, gifts and grants$21,189,803
VIII-1g Noncash contributions (included above)$1,232,869
VIII-1h Total contributions, gifts and grants$21,771,332
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,500$127,500
VIII-3 Investment incomeExcluded from tax $63,724$63,724
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$66,831−$66,831
VIII-8 Net income from fundraising eventsExcluded from tax $313,303$313,303
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $41,608$41,608
VIII-12 Total revenueRelated to mission $164,656 · Unrelated business $0 · Excluded from tax $351,804$22,287,792
Part IX · Statement of functional expenses $15,657,569 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $9,427,827$9,427,827
IX-5 Pay of current officers, directors and key staffPrograms $450,322 · Management $74,153 · Fundraising $64,884$589,359
IX-7 Other salaries and wagesPrograms $1,423,749 · Management $197,725 · Fundraising $149,882$1,771,356
IX-9 Other employee benefitsPrograms $229,359 · Management $40,031 · Fundraising $28,431$297,821
IX-10 Payroll taxesPrograms $143,076 · Management $16,162 · Fundraising $23,668$182,906
IX-11b Legal feesManagement $15,149$15,149
IX-11c Accounting feesManagement $29,513$29,513
IX-11d Lobbying feesManagement $48,000$48,000
IX-11g Other fees for servicesManagement $17,023 · Fundraising $475$17,498
IX-13 Office expensesPrograms $833 · Management $30,218 · Fundraising $34,025$65,076
IX-14 Information technologyManagement $1,803 · Fundraising $13,779$15,582
IX-16 OccupancyPrograms $96,347$96,347
IX-17 TravelPrograms $1,606 · Management $14,958$16,564
IX-19 Conferences, conventions and meetingsManagement $42,496$42,496
IX-22 Depreciation, depletion and amortizationPrograms $842,835$842,835
IX-23 InsurancePrograms $79,800 · Management $6,369$86,169
IX-24 Other expenses (24a–d)Programs $1,484,803 · Management $251,388 · Fundraising $27,064$1,763,255
IX-24e All other expensesPrograms $254,535 · Management $28,310 · Fundraising $66,971$349,816
IX-25 Total functional expensesPrograms $14,435,092 · Management $813,298 · Fundraising $409,179$15,657,569
Part X · Balance sheet $36,295,156 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $708,045$2,050,379
X-2 Savings and temporary cash investmentsStart of year $113,565$15,577,932
X-3 Pledges and grants receivableStart of year $493,929$2,282,536
X-4 Accounts receivableStart of year $50$162,059
X-9 Prepaid expenses and deferred chargesStart of year $154,281$95,971
X-10c Land, buildings and equipment, netStart of year $16,956,676$16,109,514
X-14 Intangible assetsStart of year $16,151$16,765
X-16 Total assetsStart of year $29,668,726$36,295,156
X-17 Accounts payable and accrued expensesStart of year $189,186$113,100
X-25 Other liabilitiesStart of year $93,873$162,326
X-26 Total liabilitiesStart of year $283,059$275,426
X-27 Net assets without donor restrictionsStart of year $21,625,077$24,331,064
X-28 Net assets with donor restrictionsStart of year $7,760,590$11,688,666
X-32 Total net assets or fund balancesStart of year $29,385,667$36,019,730
X-33 Total liabilities and net assetsStart of year $29,668,726$36,295,156
Part XI · Reconciliation of net assets $36,019,730 net assets at year end
XI-1 Total revenue$22,287,792
XI-2 Total expenses$15,657,569
XI-3 Revenue less expenses$6,630,223
XI-4 Net assets at start of year$29,385,667
XI-5 Net unrealized gains (losses) on investments$3,840
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,019,730

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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