philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Boon Philanthropy INC

Tax-deductible

Cumberland, RI501(c)(3)Foundations & GrantmakersEIN 81-2285654Revenue $141K in FY2024

On file with the IRSboonphilanthropy.org51 Front Street, 02864-4847 · Cumberland, RITax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

The nation-wide mission of Boon is to provide innovative funding and stewardship solutions that enable dedicated educators to have knowledge and skills they need to help all learners become strong readers. To raise funds nation-wide to provide low income and minority students with free tutorial intervention using structured language instruction methods.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $108K a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $113K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
-77% vs prior year
Spent
$320K
To programs
99%
Net assets
$807K
By yearFY2020–FY2024
Revenue
$141K
FY2024▼ -77%
Tap a bar for its year
Revenue by fiscal year
FY2020$303K
FY2021$370K
FY2022$567K
FY2023$614K
FY2024$141K
Expenses
$320K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$246K
FY2021$315K
FY2022$265K
FY2023$307K
FY2024$320K
Net assets
$807K
FY2024▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$322K
FY2021$377K
FY2022$679K
FY2023$986K
FY2024$807K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $318K Management & general 0% · $671 Fundraising 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
William F Bagley
Board Member
$0Pt VII · Sec A
Sam Beard
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Tortolani PHD
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Boon Philanthropy INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Funds educators and tutors to help all students become strong readers, especially low-income and minority youth.

Questions for Boon Philanthropy INC

Tap to ask. Boon Philanthropy INC sees how many people are interested.

Your first name shows with your question. Boon Philanthropy INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $318K · in their own filed words · FY2024
01

The boon donor-funded scholarship program provides funding to train teachers in structured language instruction methods based on the science of reading. Boon's training partners (scholarship providers) are oga (orton gillingham academy); imslec (international multisensory structured language education council);wilson language training…

$193Kprogram expense
02

Pledge literacy interventions exclusively employs wilson level I and ii certified reading experts to provide 40 hours of free personalized reading intervention services to low-income and historically marginalized students failing to read at greade level.

$125Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$102K
Morgan Stanley Global Impact Funding Trust INCFY2024$10K
Morris and Bessie Altman FoundationFY2024$750
Total grants receivedfrom 3 funders$113K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$141K
Ln 12
Gifts and grantsLn 1h$129K
Investment incomeLn 3$12K
Money outPt IX
$320K
Ln 25
Programscol B$318K
Managementcol C$671
Fundraisingcol D$2K
Owns and owesPt X
$807K
net assets · Ln 32
Cash and savingsLn 1–2$807K
Total assetsLn 16$807K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Investment incomeLn 3$12K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$492K
SavingsLn 2$314K
Cash and savings togetherLn 1–2$807K
Total assetsLn 16$807K
LiabilitiesLn 26$0
Net assetsLn 32$807K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$988K$807K
Total assetsLn 16$988K$807K
LiabilitiesLn 26$2K$0
Net assetsLn 32$986K$807K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$135K$135K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$81K$79K$671$2K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$10K$10K
TravelLn 17$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$320K$318K$671$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $141K$320K−$179K$807K 990 PDF
FY2023 $614K$307K$307K$986K 990 PDF
FY2022 $567K$265K$302K$679K 990 PDF
FY2021 $370K$315K$55K$377K 990 PDF
FY2020 $303K$246K$58K$322K 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $140,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $614,203$129,338
I-9 Program service revenue$0
I-10 Investment income$11,572
I-11 Other revenue$0
I-12 Total revenuePrior year $614,203$140,910
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $307,136$319,965
I-18 Total expensesPrior year $307,136$319,965
I-19 Revenue less expensesPrior year $307,067−$179,055
Part VI · Governance 0 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $140,910 across 4 lines filed
VIII-1f All other contributions, gifts and grants$129,338
VIII-1h Total contributions, gifts and grants$129,338
VIII-3 Investment incomeRelated to mission $11,572$11,572
VIII-12 Total revenueRelated to mission $11,572$140,910
Part IX · Statement of functional expenses $319,965 across 9 lines filed
IX-11a Management feesPrograms $135,000$135,000
IX-11c Accounting feesPrograms $3,480$3,480
IX-11g Other fees for servicesPrograms $78,589 · Management $671 · Fundraising $1,739$80,999
IX-12 Advertising and promotionPrograms $26,618$26,618
IX-13 Office expensesPrograms $9,962$9,962
IX-17 TravelPrograms $5,256$5,256
IX-23 InsurancePrograms $1,100$1,100
IX-24 Other expenses (24a–d)Programs $50,050$50,050
IX-24e All other expensesPrograms $7,500$7,500
IX-25 Total functional expensesPrograms $317,555 · Management $671 · Fundraising $1,739$319,965
Part X · Balance sheet $806,688 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $685,218$492,296
X-2 Savings and temporary cash investmentsStart of year $302,833$314,392
X-16 Total assetsStart of year $988,051$806,688
X-26 Total liabilitiesStart of year $2,308$0
X-27 Net assets without donor restrictionsStart of year $985,743$806,688
X-32 Total net assets or fund balancesStart of year $985,743$806,688
X-33 Total liabilities and net assetsStart of year $988,051$806,688
Part XI · Reconciliation of net assets $806,688 net assets at year end
XI-1 Total revenue$140,910
XI-2 Total expenses$319,965
XI-3 Revenue less expenses−$179,055
XI-4 Net assets at start of year$985,743
XI-10 Net assets at end of year$806,688

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.