Kool Boiz Foundation

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The Kool Boiz Foundation is dedicated to providing educational, financial, and emotional support for boys and young men of color. We are a leading advocate for these youths and a catalyst for empowerment and change. Through our college scholarships, mentoring programs, and youth empowerment conferences, we are building future leaders and entrepreneurs.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4625578) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
31¢ of each $1 spent went to programs.
$40K 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

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $5K a year · 5% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
31%
of spending
31% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$40K
to officers and key staff · 39% of spending
Pay to officers and key staff is 39% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $50K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$81K
-31% vs prior year
Spent
$104K
To programs
31%
Net assets
$27K
By yearFY2021–FY2025
Revenue
$81K
FY2025▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2021$54K
FY2022$82K
FY2023$70K
FY2024$118K
FY2025$81K
Expenses
$104K
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$105K
FY2025$104K
Net assets
$27K
FY2025▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2021$75K
FY2022$72K
FY2023$37K
FY2024$50K
FY2025$27K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

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

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $33K Management & general 69% · $72K

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

9 people listed on the 990; $40K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$40,260Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bruce Rushton’s $40K as President is at the 79th percentile of top reported officer pay among 112 <$100K youth development 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

NameFY2025FY2024FY2023FY2022FY2021
Bruce Rushton$40,260$41,760$40,065$30,610$15,522

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 Kool Boiz Foundation executive salaries →

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

Empowers boys and young men of color through education, financial aid, and mentoring.

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3 programs · $33K · in their own filed words · FY2025
01

The Kool Boiz Foundation in partnership with the united way of youngstown and the mahoning valley continues to empower boys and young men of color through our promising men mentoring program. The program is designed to help young men increase their educational skills, social skills, and leadership skills.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4625578) · Dispute this line
$21Kprogram expense
02

The Kool Boiz Foundation young men's empowerment conference is designed for boys and young men of color in grades 7-12. The goal is to give participants an opportunity to hear about and reflect on what they need to succeed through thought-provoking interactive discussions and workshops.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4625578) · Dispute this line
$7Kprogram expense
03

The Kool Boiz Foundation college scholarship is a $1,000 4-year renewable scholarship (total award is $4,000). Award recipients must maintain a 2.0 gpa on a 4.0 scale and be enrolled as a full-time student at an accredited 2- or 4-year college or university.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4625578) · Dispute this line
$4Kprogram 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 · FY2024
See all 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$81K
Ln 12
Gifts and grantsLn 1h$82K
Money outPt IX
$104K
Ln 25
Programscol B$33K
Managementcol C$72K
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Total revenueLn 12$81K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$0
Net assetsLn 32$27K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$50K$27K
Total assetsLn 16$50K$27K
LiabilitiesLn 26$0$0
Net assetsLn 32$50K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of officers and key staff (Part IX, line 5)Ln 5$40K$40K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$3K
OccupancyLn 16$14K$14K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$22K$21K$486
Total functional expensesLn 25$104K$33K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 23, 2026 $81K$104K−$23K$27K 990 PDF
FY2024Filed with the IRS Jun 30, 2025 $118K$105K$13K$50K 990 PDF
FY2023Filed with the IRS Apr 22, 2024 $70K$37K 990 PDF
FY2022Filed with the IRS May 3, 2023 $82K$72K 990 PDF
FY2021Filed with the IRS Apr 9, 2022 $54K$75K 990 PDF

Schedules filed Part IV

A · Public support B · Donors O · Explanations
See the full FY2025 990
Part I · Summary $81,474 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,315$81,951
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,760−$477
I-12 Total revenuePrior year $118,075$81,474
I-13 Grants and similar amounts paidPrior year $3,954$4,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $53,844$45,366
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,626$54,998
I-18 Total expensesPrior year $105,424$104,364
I-19 Revenue less expensesPrior year $12,651−$22,890
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $81,474 across 4 lines filed
VIII-1f All other contributions, gifts and grants$81,951
VIII-1h Total contributions, gifts and grants$81,951
VIII-8 Net income from fundraising eventsExcluded from tax −$477−$477
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$477$81,474
Part IX · Statement of functional expenses $104,364 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-5 Pay of officers and key staff (Part IX, line 5)Management $40,260$40,260
IX-10 Payroll taxesManagement $5,106$5,106
IX-11c Accounting feesManagement $1,155$1,155
IX-11g Other fees for servicesManagement $1,751$1,751
IX-12 Advertising and promotionManagement $2,781$2,781
IX-13 Office expensesManagement $3,239$3,239
IX-16 OccupancyManagement $14,000$14,000
IX-17 TravelManagement $1,486$1,486
IX-19 Conferences, conventions and meetingsPrograms $7,186$7,186
IX-23 InsuranceManagement $1,489$1,489
IX-24 Other expenses (24a–d)Programs $21,425 · Management $486$21,911
IX-25 Total functional expensesPrograms $32,611 · Management $71,753 · Fundraising $0$104,364
Part X · Balance sheet $26,743 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $49,633$26,743
X-16 Total assetsStart of year $49,633$26,743
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $49,633$26,743
X-32 Total net assets or fund balancesStart of year $49,633$26,743
X-33 Total liabilities and net assetsStart of year $49,633$26,743
Part XI · Reconciliation of net assets $26,743 net assets at year end
XI-1 Total revenue$81,474
XI-2 Total expenses$104,364
XI-3 Revenue less expenses−$22,890
XI-4 Net assets at start of year$49,633
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,743

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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