Boundless Foundation

Nonprofit profile at a glance

EIN
851173781
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Nashville, TN, USA
Phone
6153071198
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$21,673
Expenses
$21,940
Assets
$2,530
Liabilities
$8,704

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Shannon Rizzo (President)

People named in this filing

  • Shannon Rizzo (President)
  • Jennifer Rawls (Secretary)
  • Brittany Loukos (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

VisionTo be the leader of building schools in developing communities that serve as a model for breaking the cycle of poverty and reducing the psychological and emotional impact that lack of opportunity from living a life outside of simply surviving. Mission Raise funding and build 32 community schools in underdeveloped, underserved areas that break the cycle of poverty through immersive, intentional education, and practical skills training with spirituality.

What it reported doing in 2024

Location and planning began on the Republica de Guatemala School, which began construction in January 2025. This is the twelfth school built by the Boundless Foundation in collaboration with corporate partners. There are 75 students, in grades 1-6, who desperately need a safe place to learn. Within a few months, they will have a three-room, brand-new school. Each student will have a new desk of his/her own. Boundless also began vetting a new build partner, located in Panama, for a future school build.Boundless Foundation also provided desks to a school in Honduras. Desks, supplies, books, and a safe space are a part of a successful learning environment. These desks will help children focus and offer a place to eat and learn during the school year.Additionally, Boundless Foundation expanded its Board of Directors, shored up administrative processes, and updated its website for more effective communication.

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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71%; rating input score 71
  • Program expense ratio: 70.2%; rating input score 70

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.2%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 3.44; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -121.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -85.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 71% of revenue deployed · 70.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $15K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.