Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $52K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Susan Henry | $59,498 | $56,846 | $52,000 | $11,000 | — |
| Colleen Skates | — | — | — | $55,000 | $55,000 |
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 Bootstraps INC 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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers scholarships and student loans to help students fund their education.
Questions for Bootstraps INC
Your first name shows with your question. Bootstraps INC answers here, for everyone.
Provide scholarships and loans to students that have good academic records, but need additional support for their college education beyond available family funds.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-0800861) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $414K | $552K |
| InvestmentsLn 11–13 | $956K | $946K |
| Total assetsLn 16 | $1.7M | $1.8M |
| LiabilitiesLn 26 | $138K | $154K |
| Net assetsLn 32 | $1.6M | $1.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $161K | $161K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $52K | $52K | $0 | $0 |
| Other salaries and wagesLn 7 | $44K | $0 | $7K | $37K |
| Payroll taxesLn 10 | $12K | $6K | $3K | $3K |
| Management feesLn 11a | $2K | $2K | $0 | $0 |
| Accounting feesLn 11c | $3K | $2K | $845 | $845 |
| Investment management feesLn 11f | $4K | $3K | $1K | $0 |
| Other fees for servicesLn 11g | $17K | $7K | $10K | $0 |
| Advertising and promotionLn 12 | $4K | $1K | $846 | $2K |
| Office expensesLn 13 | $3K | $1K | $735 | $735 |
| OccupancyLn 16 | $350 | $350 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $1K | $727 | $200 | $101 |
| Depreciation, depletion and amortizationLn 22 | $0 | $0 | $0 | $0 |
| InsuranceLn 23 | $2K | $1K | $950 | $0 |
| Other expenses (24a–d)Ln 24 | $2K | $676 | $59 | $1K |
| All other expensesLn 24e | $14K | $9K | $1K | $3K |
| Total functional expensesLn 25 | $323K | $249K | $27K | $47K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 12, 2025 | $499K | $396K | $103K | $1.8M | 990 PDF |
| FY2023Filed with the IRS Nov 11, 2024 | $376K | $376K | −$228 | $1.7M | 990 PDF |
| FY2022 ViewingFiled with the IRS Jun 8, 2023 | $441K | $323K | $118K | $1.7M | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $1.1M | $321K | $829K | $1.6M | 990 PDF |
| FY2020Filed with the IRS Nov 4, 2021 | $252K | $263K | −$11K | $748K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $440,805 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, 2 to look at
Part VIII · Statement of revenue $440,805 across 7 lines filed
Part IX · Statement of functional expenses $323,060 across 16 lines filed
Part X · Balance sheet $1,848,461 assets, 11 lines filed
Part XI · Reconciliation of net assets $1,694,294 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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