Boosters Foundation INC EIN 81-2127166 Form 990 (PDF) Claim this org

Boosters Foundation INC FY2020 filing

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Funds local groups helping people with special needs in Sarasota County. For fiscal year 2020 it reported $286K in revenue, $29K in expenses, and $605K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Sarasota, FL
Filings
5 on file (2020–2020)
Revenue
$286KFY2020
Expenses
$29K
Net assets
$605K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-2127166 Private foundation / grantmaker Sarasota, FL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds local groups helping people with special needs in Sarasota County.
Leadership
Burton Fabman · Chairman
Money in and out
$286K revenue, $29K expenses
Bottom line
53% program efficiency
Grants paid & assets · FY2020
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$29K
Pt IX · Ln 25
Net assets
$605K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $257K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs
Operating runway
972.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+90%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$286K
FY2020
Expenses
$29K
FY2020
Total assets
$2.3M
FY2020
Total liabilities
$1.7M
FY2020
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$29K
Pt IX · Ln 25
Net assets
$605K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$257K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $15K of program spending, described in the organization's own filed words · FY2020.
01

Support of sarasota county special olympics programs.

$14Kprogram expense
02

Support of other organizations serving people with disabilities

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoosters Foundation INC
EINHdr · item D81-2127166
Principal addressHdr · item CSarasota, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Boosters Foundation INC executive salaries →

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Statement of Revenue

Part VIII
Investment income$250K · 87%
Contributions & grants$36K · 13%
Investment income87%$250K
Contributions & grants13%$36K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$15K
Management & general47%$13K
Total functional expensesLn 25$29K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$605K
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $29K
972.0 months
Where the money goes
Program services
Program services $15K · Total expenses $29K
53%
Management & General
Management & general $13K · Total expenses $29K
47%
Fundraising
Fundraising $0 · Total expenses $29K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $36K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $286K
13%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $250K · Total revenue $286K
+87%
Program self-sufficiency
Program service revenue $0 · Total expenses $29K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $605K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $29K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $605K · Total assets $2.3M
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
98%
People & payroll
Highest Reported Total Compensation
Individual Burton Fabman · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $29K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $29K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Investment management fee ratio 0.1%
Legal fee ratio 0.9%
Accounting fee ratio 4%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$2.1M
Grants paid · 13 grants · $288K · 2022–2024
Hearts Up for Idd INCFL · FY2024$24,850
Bit of Hope RanchFY2024$8,800
Suncoast FoundationFY2024$6,000
Miscellaneous Public CharitiesFY2024$4,415
Sertoma FoundationFY2024$1,000
Special Olumpics FloridaFY2024$770
Hearts Up for Idd INCFL · FY2023$31,197
Suncoast FoundationFY2023$25,000
Wings of Hope Therapeutic Riding ProgramFY2023$5,633
Sertoma FoundationFY2023$5,000
Various Sarasota County CharitiesFY2022$93,098

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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
FY2024 (Latest)$67K revenue · ⤓ 990 PDF
FY2023$83K revenue · ⤓ 990 PDF
FY2022$73K revenue · ⤓ 990 PDF
FY2021$405K revenue · ⤓ 990 PDF
FY2020$286K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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