Bonny Lea Charitable Foundation
Nonprofit profile at a glance
- EIN
- 980417559
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Chester, Nova Scotia, CA
- Phone
- 9022755622
- Rating
- 23
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Private Independent Foundations
Reported finances
- Revenue
- $294,876
- Expenses
- $564,437
- Assets
- $1,662,771
- Liabilities
- $48,278
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- KAREN LAKE (EXECUTIVE DIRECTOR)
Highest reported compensation
- KAREN LAKE (EXECUTIVE DIRECTOR): $98,872 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist multi-handicapped (30-40 individuals) young adults lead independent and productive lives by providing competent assessment and evaluation, provision of sheltered and community employment and relevant support services and residential training facilities.
What it reported doing in 2024
To grow investment assets and support south shore community services association.
Operating model
- Revenue model
- Investment-supported. 92% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
REVIEW - The strongest available result is that the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 57
- Accountability: 16
- Sustainability: 28
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.4%; rating input score 0
- Program expense ratio: 2.6%; rating input score 3
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: Limited
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -91.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.95; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 17.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 0.4% of revenue deployed · 2.6% of spending went to programs
- Governance: 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $14K in reported program spending
- Leadership: top reported pay $99K · 8 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, foreign activity, and related organizations
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.