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Bowles23foundation INC FY2023 filing

Tax-deductible

Tampa, FL501(c)(3)Human Services EIN 88-2451981Revenue $766K in FY2023

On file with the IRStampabayfashionexperience.com17027 Candeleda De Avila, 33613-5213 · Tampa, FLTax-exempt since Feb 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Bowles23foundation, INC is an independent, not-for-profit corporation, and the corporation's mission is to boldly promote diversity and inclusivity in high-end fashion. Our unwavering dedication to empowering young girls who share our appearance to succeed and break barriers drives US forward. We aim to revolutionize the fashion industry and create a lasting positive impact through our philanthropy. Guided by our faith and family legacy, we believe that the spirit of giving is always in style.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
2 of 2
filings with a surplus
Average surplus $25K a year · 4% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$766K
Spent
$752K
To programs
96%
Net assets
$15K
By yearFY2023–FY2024
Revenue
$766K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$766K
FY2024$576K
Expenses
$752K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$752K
FY2024$541K
Net assets
$15K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$15K
FY2024$49K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2024.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $725K Management & general 4% · $27K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Todd R Bowles
Vice President
$0Pt VII · Sec A
Troy Bowles
Chairman
$0Pt VII · Sec A
See Bowles23foundation INC executive salaries →

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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

Promotes diversity and inclusivity in high-end fashion, empowering young girls to succeed.

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Provided by the organization

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1 program · $725K · in their own filed words · FY2023
01

Promote fashion shows that share our goal.

$725Kprogram 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 · FY2024
Community Foundation of Tampa Bay INCFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $124K · 2023–2024
Dress for Success Tampa Bay INCFL · FY2024$20,000
Center for Women INCIA · FY2024$15,000
Kids in DiapersFL · FY2024$10,000
Gentleman Quest of TampaFY2023$50,000
Autism Speaks INCDC · FY2023$19,010
Can Community Health INCFL · FY2023$10,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$766K
Ln 12
Gifts and grantsLn 1h$708K
Fees for servicesLn 2g$58K
Money outPt IX
$752K
Ln 25
Programscol B$725K
Managementcol C$27K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$15K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$708K
Fees for servicesLn 2g$58K
Total revenueLn 12$766K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Total assetsLn 16$15K
LiabilitiesLn 26$0
Net assetsLn 32$15K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY23End FY23
Cash and savingsLn 1–2$0$15K
Total assetsLn 16$0$15K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$79K$79K
Accounting feesLn 11c$850$850
Office expensesLn 13$26K$26K
Other expenses (24a–d)Ln 24$646K$646K
Total functional expensesLn 25$752K$725K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $576K$541K$34K$49K 990 PDF
FY2023 Viewing $766K$752K$15K$15K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $766,352 revenue, 12 lines filed
I-8 Contributions and grants$708,092
I-9 Program service revenue$58,260
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$766,352
I-13 Grants and similar amounts paid$79,010
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$672,584
I-18 Total expenses$751,594
I-19 Revenue less expenses$14,758
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $766,352 across 4 lines filed
VIII-1f All other contributions, gifts and grants$708,092
VIII-1h Total contributions, gifts and grants$708,092
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,260$58,260
VIII-12 Total revenueRelated to mission $58,260 · Unrelated business $0 · Excluded from tax $0$766,352
Part IX · Statement of functional expenses $751,594 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $79,010$79,010
IX-11c Accounting feesManagement $850$850
IX-13 Office expensesManagement $26,001$26,001
IX-24 Other expenses (24a–d)Programs $645,733$645,733
IX-25 Total functional expensesPrograms $724,743 · Management $26,851 · Fundraising $0$751,594
Part X · Balance sheet $14,758 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $0$14,758
X-16 Total assetsStart of year $0$14,758
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$14,758
X-32 Total net assets or fund balancesStart of year $0$14,758
X-33 Total liabilities and net assetsStart of year $0$14,758
Part XI · Reconciliation of net assets $14,758 net assets at year end
XI-1 Total revenue$766,352
XI-2 Total expenses$751,594
XI-3 Revenue less expenses$14,758
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,758

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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