Bonfield Express Foundation Nft

Nonprofit profile at a glance

EIN
010812774
IRS 990 coverage
2020–2023
Forms available
Form 990 2023
Location
Downers Grove, IL, USA
Phone
6309649549
Rating confidence
Limited
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$0
Expenses
$178,769
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Annette Bonfield (President)
  • James Bonfield (Vice President)

People named in this filing

  • Annette Bonfield (President)
  • James Bonfield (Vice President)
  • Daniel Cozzo (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Foundation raises money for the purpose of awarding scholarships to area High School graduating Seniors based on character and commitment to community. In addition, the Foundation awards monies to local schools to recognize students that demonstrate love of learning and character. The Foundation did not fund raise in 2023 because it will be dissolved at the end of 2023.

What it reported doing in 2023

The only event of the Foundation used to be a 5k Race/Walk on Thanksgiving Day Morning. This was the source of the Foundation's money. The Foundation did not hold that event in 2023 and will no longer sponsor said event. In April of 2023, the Foundation awarded scholarships to area High School graduating Seniors based on their character and commitment to community. In addition, the Foundation awards monies to local area elementary schools to recognize students that demonstrate love of learning and character. The Foundation has given away the rest of it's money and subsequently is dissolving the Foundation at that time.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 60
  • Accountability: 64
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 4.5%; rating input score 4; 41st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 9.2% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -105.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -68.5% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $179K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Grant itemization coverage scored 4/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.