Boshway Foundation

Nonprofit profile at a glance

EIN
460675353
IRS 990-EZ coverage
2014–2015
Forms available
Form 990-EZ 2015, Form 990-N 2013
Location
Newport News, VA, USA
Phone
7572684682
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$910
Expenses
$16,691
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ROBERT FITZGERALD (PRESIDENT)

People named in this filing

  • ROBERT FITZGERALD (PRESIDENT)
  • SHELLY FITZGERALD (VP/SECRETARY)
  • WILLIAM TRAVIS (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-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation was formed exclusively for charitable, educational, religious and literary purposes. The foundation makes gifts and grants to organizations designated as tax-exempt organizations under section 501 (c)3 of the irc. Grants are made for charitable purposes including but not limited to those purposes in furtherance of education, religion, science and literature.

What it reported doing in 2015

The purpose of the foundation is to facilitate contributions from employees of uav communications inc (d/b/a "bosh global services"), the bosh group llc and its affiliates to 501(c)3 organizations. The foundation conducts an annual campaign, similar to a united way campaign, where employees can make contributions to the foundation and if they choose the employee may designate the charity to which their contribution is ultimately donated by the foundation. The foundation also conducts periodic campaigns for contributions to specific charities such as march of dimes or wounded warrior project. The foundation solicits contributions from the community and from third party businesses in furtherance of its charitable purpose, these efforts include activities such as organizing and supporting a march of dimes walk, a wounded warrior cookout or fundraising event to benefit a specific charity. The foundation solicits support from other businesses for these events. The foundation distributes all contributions collected from these events to the designated charities.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1,734.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -98.3% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -194.2% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $17K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2014 to 2015
  • 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.